Considering investing in Azerbaijan? Check the data for the average and minimum salary in Baku, Azerbaijan.

Analyzing the cost of living before visiting a city is useful, especially if you’re planning to visit Baku. This post is a short breakdown of its economy Baku, capital of one of the youngest countries in the world. Baku is the commercial hub of Azerbaijan, and its 2.2 million inhabitants enjoy of a rather high quality of life compared to its neighbors.

Minimum Salary in Baku, Azerbaijan

Azerbaijan is one of the main exporters of oil and its salaries are heavily influenced by this industry. Due to that, salaries in Baku are higher that in the rest of the Caucasus region. As of January 2022, minimum salary in Azerbaijan is of 300 Azeri manats, or roughly $170.  The minimum salary in Baku is considerably higher, although the rate is nationwide. Source Azernews.

Average Salary in Baku, Azerbaijan

The average salary in Baku is of approximately $350 in Baku as of 2022. Rent, utility bills and transport cost around $300 per month. Many international banks have offices in Baku. HSBC, Societe Generale and Credit Suisse to name a few. As a result Baku has a higher average wage than any other city in Azerbaijan. More information available from the Azerbaijan Statistics Office.

Here are some average salaries in Azerbaijan by profession and sector:

Mining(Mining Engineers, Miners): 3550 AZN per month.

Construction(Builder, Civil Engineer):  757 AZN per month.

Tourism(Hotel receptionist, tour guide): 453 AZN per month

Financial and insurance(banking): 1707 AZN per month

IT (developers, support): 1100 AZN per month

The International Bank of Azerbaijan and Baku Stock Exchange also contribute to the higher figures.

Statistics show that a skilled professional earns $2500 per month. This figure is not completely accurate. It takes into account the very top earners. Their salaries are in excess of $10000 per month.

With Baku being a financial hub this gap in salaries is hardly surprising.

Baku Azerbaijan Economic Outlook

Baku’s cosmopolitan vibe brings in a lot of tourism. Its location on the Caspian Sea is a good holiday destination. In 2009 hotels in the city alone generated over 7 million Euros income.

With a steady oil production and a hub for many international offices, Baku is welcoming to businesses and expats alike.
Azerbaijan is probably the only country in its region growing at high rates during this decade. The growing number of luxury hotels and office skyscrapers are the evidence of that. Furthermore, Baku maintains a steady growth, and it could become a go to world capital.

If you are traveling to Azerbaijan check our guide on where to stay in Baku.

Interesting Resources for Working and Living Abroad

Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:

World Nomads: this company provides travel insurance in most countries around the world, and it might be a good option if you going for a long travel.

Jetradar: search for flights and compare prices with Jetradar.

Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.

You may also want to check our website guides:

Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world, always in the most comfortable way with optimal prices to enhance your travel experience.

Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.

Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world.  It also covers about remote work and TEFL jobs.

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Foreigners who are working overseas must get a residency permit to avoid visa issues. But, in Azerbaijan, there is a drop on how many foreigners got a residency permit and citizenship.

On Thursday, July 18, news site Trend.az reported that only 75 foreigners were granted citizenship and 1,694 people were given residency permits in the first 6 months of the year. This number is lower by 31% as compared to last year’s tally.

Why is there a big drop?

According to the data provided, 347 people who got the residency permit are Georgians. The others came from Ukraine, Russia, Turkey and Iran.

Getting a residency permit in the country is not easy, as well as getting a citizenship. Under the law, foreigners must live in the country for several years, pass a string of requirements, and prove their desire to stay. They must also pass a proficiency test in the Azerbaijani language.

Aside from those granted residency and citizenship, 86 foreigners applied for refugee status. These foreigners come from Libya, Pakistan, Afghanistan and Iran. The United Nations said that so far, the country has 2,000 registered foreign refugees.

Refugee status is also difficult to get. Hayat Public Association for Humanitarian Support Chairman Azer Allahveranov shared that individuals at risk can qualify for the status. The government will not grant refugee status to citizens from high risk areas if they say its because of poverty and unemployment.

How to Go to Azerbaijan?

This Eurasian country is a great place to visit if you want to see how European and Asian cultures blend together. It is also a perfect country to explore if you wish to learn more about more about the region’s history. It is also not lacking in tourist attractions, especially for winter sports and health care. Middle Eastern and Russian tourists can take direct flights to the country’s capital through major and low-budget airlines. Asian and North American travelers will need to take connecting flights to reach the capital, Baku. Nearby regions can drive to their shared borders for easier access.

If you are planning to tour the country, check out the country’s official travel page for some great ideas. If you intend to work in the country, we have written some articles which can help you out. These articles include our guide on where to stay in Baku and how much salary you can make in the city.

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