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Payroll Benefits Accountant salary in Monaco

Average Yearly Salary of Payroll Benefits Accountant in Monaco is approximately 199,100 EUR (199,616 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 Payroll Benefits Accountant do?

occupation personasA payroll benefits accountant is responsible for managing and processing employee payroll and benefits. They ensure accurate and timely payment of wages, deductions, and taxes, while also administering employee benefits such as health insurance, retirement plans, and paid time off. These professionals maintain payroll records, calculate and reconcile payroll data, and generate reports for management and regulatory compliance. They stay updated on relevant laws and regulations to ensure compliance with tax laws and labor regulations. Additionally, they may assist in resolving payroll discrepancies and answering employee inquiries related to payroll and benefits.

Skills: Payroll, Benefits, Accounting, Payroll Processing, Employee Benefits Administration, Compliance.
Job industry: Accounting


How much does Payroll Benefits Accountant make?

Salary details
How much does Payroll Benefits Accountant make?
Estimated Yearly Salary: 199,100 EUR
Estimated Monthly Salary: 16,592 EUR
Estimated Weekly Salary: 3,829 EUR per week
Estimated Hourly Salary: 96 EUR per hour
Values are pre-tax
Last revision of data: 2025-01-04

Comparing salary to last year:
Estimated Yearly Salary: 192,686 EUR
Estimated Monthly Salary: 16,057 EUR
Estimated Weekly Salary: 3,706 EUR per week
Estimated Hourly Salary: 93 EUR per hour
Last revision of data: 2024-01-03



Payroll Benefits Accountant estimated salary in USD
For easier comparison here is an estimated salary in USD:
Estimated Yearly Salary: 199,616 USD
Estimated Monthly Salary: 16,635 USD
Estimated Weekly Salary: 3,839 USD per week
Estimated Hourly Salary: 96 USD per hour


Difference in salary year over year or average salary increase is approximately up arrow 3 %

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.

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Salary comparison to National average

Monaco is a small sovereign city-state located on the French Riviera. With a population of approximately 38,000 people, it is the second smallest country in the world by population. Covering an area of just 2.02 square kilometers, Monaco is also one of the most densely populated countries globally.

Estimated national average yearly salary is 170,319 EUR (186,080 USD). Value indicated is pre-tax. Below graph shows estimated Payroll Benefits Accountant job salary compared to average salary in Monaco.
Comparison shows that a person working as Payroll Benefits Accountant in Monaco earns on average:
1.17 times the average salary (or 117% of average salary).

Is Payroll Benefits Accountant a well paid job?

Yes, our data show that Payroll Benefits Accountant 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 Payroll Benefits Accountant?

High salary for Payroll Benefits Accountant would be somewhere between 219,010 EUR and 288,695 EUR. However this is an estimation based on Gaussian Distribution.

How much can you save working as Payroll Benefits Accountant in Monaco?

Living in Monaco the approximate monthly expenses are: 7,443 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: 199,100 EUR
Estimated Monthly Salary: 16,592 EUR
Estimated Weekly Salary: 3,829 EUR per week
Estimated Hourly Salary: 96 EUR per hour
By working as Payroll Benefits Accountant a person can save up to 9,191 USD per month or 110,298 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 Monaco, see costs of living in Monaco.

Salary comparison to region and neighbouring coutries

Country's neighbours are: France, Italy.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Payroll Benefits Accountant

France is 49,127 USDdown arrow 75%
Details on Payroll Benefits Accountant salary in France
Italy is 40,453 USDdown arrow 80%
Details on Payroll Benefits Accountant salary in Italy
Last revision of data: 2025-01-04

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 up arrow+12% salary increase
    6 to 10 years of experience yields up arrow+25% salary increase
    11 to 15 years of experience yields up arrow+16% salary increase
    16 to 25 years of experience yields up arrow+9% salary increase
    more than 25 years of experience yields up arrow+10% salary increase
NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Monaco

(1,948,030 EUR per year, pre-tax.)
(1,613,197 EUR per year, pre-tax.)
(1,564,314 EUR per year, pre-tax.)
(1,512,413 EUR per year, pre-tax.)
(1,512,144 EUR per year, pre-tax.)
(1,480,748 EUR per year, pre-tax.)
(1,478,011 EUR per year, pre-tax.)
(1,476,615 EUR per year, pre-tax.)
(1,474,879 EUR per year, pre-tax.)
(1,470,635 EUR per year, pre-tax.)

Data as of 2025

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The salary estimates on this website are meant for informational purposes exclusively.
This website offers salary insights for informational purposes exclusively. While we gather data from various sources, we do not guarantee absolute accuracy. Users are advised to review trusted platforms before making any career decisions. Salaries shift due to various elements, such as market demand, employer policies, and geographic location. We make no guarantee regarding the validity of the displayed salary figures. Your use of this site confirms your acceptance of these terms.
The salary data on this site is intended for informational purposes exclusively. We provide salary insights based on multiple datasets, but cannot guarantee complete accuracy. Users should consistently verify salary details with other trusted sources before making financial choices. Fluctuations in salary amounts may occur due to various circumstances, including company policies, market demand, and individual skills. We do not offer any warranty regarding the completeness of the provided salary data. Use of optisalary.com implies acceptance of these terms.