At the close of 2023, the average wage in Lithuania surged by nearly 12 percent, attributed to several factors including a heightened minimum wage, increased salaries for civil servants, and companies' efforts to retain staff, as reported by the social insurance fund Sodra. Kristina Žitikytė, an advisor at Sodra's Statistics, Analysis, and Forecasting Department, highlighted the 15 percent rise in the minimum monthly wage, a nearly 3 percent boost in civil servants' basic pay rate, and other market dynamics driving companies to prioritize employee retention. In October and December, Lithuanians saw an average pre-tax salary of 2,060 euros, marking an 11.7 percent increase from the previous year. Post-tax earnings also saw a notable rise of 10.6 percent, equating to an additional 122 euros, reaching an average of 1,275 euros.

The growth in income for high-value-added positions lagged behind the national average. At information and communication companies, average wages rose by 7.9 percent to 3,143 euros before tax, and by 9 percent to 2,932 euros at finance and insurance firms. Towards the end of 2023, the number of insured individuals surged by 12,500, with 26,200 more individuals being hired than terminated.

The average gross monthly salary in Lithuania stands at 1,666.9 EUR, approximately equivalent to USD 1,842 per month. This figure encompasses transportation, housing, and additional allowances.

The minimum wage in Lithuania remained steady at 840 EUR per month (equivalent to 891.152 USD) during the third quarter of 2023. The range for minimum wage rates for employees stretched from 92.14 EUR per month at the lowest end to 642 EUR per month at the highest.