Average salary in Colombia 2026: COP 47,790,272 a year
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The average annual wage in Colombia was COP 47,790,272 in 2024, the latest year in the OECD's average annual wages series, which divides the national wage bill by full-time-equivalent employees. That is about COP 3,982,523 a month, or about $14,373 a year at the US Treasury rate of September 30, 2026 (COP 3,325 per dollar). This is an OECD figure: we did not read DANE's national labor income survey.
The OECD average annual wage for Colombia is gross pay per full-time-equivalent employee, in current pesos.
- Average salary (mean)
- COP 47,790,272gross, a year
- In US dollars
- about $14,373a year
- Year
- 2024 (latest in the OECD series)Full-time-equivalent dependent employees, total...
- Source
- OECD, Average annual wages...
On this page
What COP 47,790,272 measures
The series counts dependent employees, formal and informal wage earners alike, on a full-time basis, and leaves out the self-employed. It is gross, before the employee's 8% for health and pension, and it is a mean, so a typical worker earns less. It rose 7.2% from COP 44,565,740 in 2023. There is no region or industry split, and we do not publish pay by job title.
Against the minimum wage
The 2026 minimum is COP 1,750,905 a month, under a decree the Consejo de Estado suspended in February 2026 and a transitional decree that kept the amount pending its ruling. The 2024 average month is about 2.27 times that 2026 floor, so an average earner is above the 2-SMMLV line and gets no transport allowance. Details are on the Colombian minimum wage page.
What an average salary costs an employer
| Item | COP a year |
|---|---|
| Average wage | 47,790,272 |
| Pension 12%, ARL 0.522%, family fund 4% | 7,895,909 |
| Prima, cesantías and interest (17.667%) | 8,443,107 |
| Total | 64,129,288 |
Our calculation from countries.csv rates (Labor Code, Ley 100, Tax Statute art. 114-1), checked Oct 2026. Without the art. 114-1 exemption add health 8.5%, SENA 2% and ICBF 3%.
That is 34.19% on top of pay, about $19,287 a year in all. Our Colombia EOR guide covers severance and notice.
Adding an EOR fee
An employer of record charges $99 a month (Native Teams; its help center says EUR 99) to $699 (Oyster), checked October 2026, or about COP 329,175 to COP 2,324,175. Deel lists $599. Compare provider fees and run your own numbers in the international cost calculator.
Neighbors: average pay in Peru and in Mexico.
Frequently asked questions
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Sources (8)
- OECD: Average annual wages (DSD_EARNINGS@AV_AN_WAGE) (checked Oct 18, 2026)
- U.S. Department of the Treasury: Treasury Reporting Rates of Exchange (quarter ended Sep 30, 2026, checked Oct 18, 2026)
- Native Teams: Native Teams pricing (checked Oct 18, 2026)
- Oyster: Oyster pricing (checked Oct 16, 2026)
- Deel: Deel pricing (checked Oct 16, 2026)
- Decreto 1469 de 2025 (SIDN, Rama Judicial): Decreto 1469 de 2025 (SIDN, Rama Judicial) (checked October 18, 2026)
- Decreto 1470 de 2025 (SIDN, Rama Judicial): Decreto 1470 de 2025 (SIDN, Rama Judicial) (checked October 18, 2026)
- Decreto 0159 de 2026 (SIDN, Rama Judicial): Decreto 0159 de 2026 (SIDN, Rama Judicial) (checked October 18, 2026)
This page is general information, not tax, legal or accounting advice. Rules and rates change, so check the official source linked above before you file or sign a contract. Read our disclaimer.