Home > Salary > Colombia > Retail Store Owner
A retail store owner is responsible for the overall management and operations of a retail establishment. They are in charge of overseeing all aspects of the business, including inventory management, sales, customer service, marketing, and staff supervision. Retail store owners are involved in selecting and purchasing products to sell, setting prices, and ensuring that the store is well-stocked and visually appealing. They also handle financial tasks such as budgeting, accounting, and payroll. Building and maintaining relationships with suppliers, negotiating contracts, and staying updated on market trends are also part of their responsibilities. A successful retail store owner needs to have strong leadership skills, excellent communication and customer service abilities, and a good understanding of the target market. They should also possess strong organizational and problem-solving skills to effectively manage all aspects of the business.
Estimated Yearly Salary: 29,433,582 COP
Estimated Monthly Salary: 2,452,799 COP
Estimated Weekly Salary: 566,030 COP per week
Estimated Hourly Salary: 14,151 COP per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 2,374,966 COP
Estimated Weekly Salary: 548,069 COP per week
Estimated Hourly Salary: 13,702 COP per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 6,536 USD
Estimated Monthly Salary: 545 USD
Estimated Weekly Salary: 126 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
3 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
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Estimated Yearly Salary: 29,433,582 COP
Estimated Monthly Salary: 2,452,799 COP
Estimated Weekly Salary: 566,030 COP per week
Estimated Hourly Salary: 14,151 COP per hour
By working as Retail Store Owner a person can save up to 284 USD per month or 3,411 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Estimated Yearly Salary for Retail Store Owner
Last revision of data: 2025-01-04
Data as of 2025
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Retail Store Owner salary in Colombia
Average Yearly Salary of Retail Store Owner in Colombia is approximately 29,433,582 COP (6,536 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Retail Store Owner do?

Skills: Retail management, Inventory management, Customer service, Marketing, Staff supervision, Financial management
Job industry: Retail
Job industry: Retail
How much does Retail Store Owner make?
Salary details
How much does Retail Store Owner make?Estimated Yearly Salary: 29,433,582 COP
Estimated Monthly Salary: 2,452,799 COP
Estimated Weekly Salary: 566,030 COP per week
Estimated Hourly Salary: 14,151 COP per hour
Comparing salary to last year:
Estimated Yearly Salary: 28,499,595 COPEstimated Monthly Salary: 2,374,966 COP
Estimated Weekly Salary: 548,069 COP per week
Estimated Hourly Salary: 13,702 COP per hour
Retail Store Owner estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 6,536 USD
Estimated Monthly Salary: 545 USD
Estimated Weekly Salary: 126 USD per week
Estimated Hourly Salary: 3 USD per hour
Difference in salary year over year or average salary increase is approximately
About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Colombia is a country located in South America. It has a population of approximately 50 million people and covers an area of about 1.1 million square kilometers. The country is known for its diverse landscapes, including the Andes Mountains, Amazon rainforest, and Caribbean coastline.
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Retail Store Owner job salary compared to average salary in Colombia.
Comparison shows that a person working as Retail Store Owner in Colombia earns on average:
1.09 times the average salary (or 109% of average salary).
Estimated national average yearly salary is 26,951,400 COP (6,510 USD). Value indicated is pre-tax. Below graph shows estimated Retail Store Owner job salary compared to average salary in Colombia.
Comparison shows that a person working as Retail Store Owner in Colombia earns on average:
1.09 times the average salary (or 109% of average salary).
Is Retail Store Owner a well paid job?
Yes, our data show that Retail Store Owner is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Retail Store Owner?
High salary for Retail Store Owner would be somewhere between 32,376,940 COP and 42,678,694 COP. However this is an estimation based on Gaussian Distribution.How much can you save working as Retail Store Owner in Colombia?
Living in Colombia the approximate monthly expenses are: 260 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 29,433,582 COP
Estimated Monthly Salary: 2,452,799 COP
Estimated Weekly Salary: 566,030 COP per week
Estimated Hourly Salary: 14,151 COP per hour
By working as Retail Store Owner a person can save up to 284 USD per month or 3,411 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in Colombia, see costs of living in Colombia.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Ecuador, Peru, Brazil, Venezuela, Panama. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Retail Store Owner
Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
- 6 to 10 years of experience yields
- 11 to 15 years of experience yields
- 16 to 25 years of experience yields
- more than 25 years of experience yields
Top 10 highest salaries in Colombia
(306,660,307 COP per year, pre-tax.)
2. Cardiologist
(254,459,006 COP per year, pre-tax.)
(247,209,986 COP per year, pre-tax.)
(238,795,833 COP per year, pre-tax.)
5. Neurosurgeon
(238,525,529 COP per year, pre-tax.)
(233,656,491 COP per year, pre-tax.)
(233,604,285 COP per year, pre-tax.)
8. Oncologist
(233,538,023 COP per year, pre-tax.)
(232,715,450 COP per year, pre-tax.)
(232,262,612 COP per year, pre-tax.)
Random salary:
Embryologist (38,107,772 COP per year, pre-tax.)
Neonatal intensive care unit nurse (32,665,094 COP per year, pre-tax.)
Social services manager (26,413,200 COP per year, pre-tax.)
Pharmacy technician (14,825,340 COP per year, pre-tax.)
Radiology supervisor (27,863,778 COP per year, pre-tax.)
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