🇬🇩XCD Economy
Grenada Salary & Tax Guide
Spice island tourism and offshore finance
Average Gross Salary
$9,000 / yr
Average Net Take-Home
$8,000 / yr
Top Marginal Tax Bracket
28%
Cost of Living Index
55 (US=100)
Economic & Employment Overview
Spice island tourism and offshore finance. With median gross compensation near $9,000 and take-home pay around $8,000, St. George’s remains the primary entry point for Tourism opportunities.
Leading Industries & Tech Sectors
TourismNutmegOffshore
Immigration & Expat Work Permits
Newcomers usually settle first in St. George’s or Gouyave, where Tourism employers sponsor most international relocations. CBI and work permit routes
Major Economic Centers: St. George’s, Gouyave, Sauteurs
Tax System Breakdown
Single Filer ModelProgressive rates to 28% plus social contributions. The top marginal statutory rate is 28%.
Sample Benchmark at Average Gross ($9,000 USD):
| Gross Salary | $9,000 |
| Total Income Tax Paid | $2,250 |
| Social Contributions / Payroll | $720 |
| Net Annual Take-Home | $6,030 |
| Effective Tax Rate | 33.0% |