Last Update by Katie, 12 Jun 2024

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Exchange Rate

13 Jun 2024


Cost of Living

Indicative value for a working adult in a city: Santiago

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (CLP)
McDonalds Set Meal 8,000
Monthly Train and Bus Tickets 40,000
3 Bedrooms Rental (City Center) 863,767
3 Bedrooms Rental (Outskirt) 742.333

Current Inflation Rate



Minimum Wages

  • Monthly minimum wage is 460.000 CLP, from July 1st 2024, 500.000 CLP per month

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (CLP)
Fresh Graduate
5 Years
Experienced & Managerial Level
10 Years
Specialized & Senior-Level
15 Years

Annual Salary Growth


Statutory Contribution

Payroll contribution rates are calculated using Unidad de Fomento (UF), an inflation-indexed unit published by the Central Bank of Chile (BCCh) in May is 37,266.94 CLP

Country Level

Type Employer Rates Employee Rates Notes
Occupation Accident and Disease Insurance
+ 0% 3.4%- Work-related risk
- All Staff
All staff in manufacturing, construction, mining, agriculture, healthcare
Disability and Survival Insurance (SIS) 1.58% - All Staff
Unemployment Insurance 2.4%
Fixed Term contracts- additional 3%
0.6% All staff other than those on fixed- term contracts or after 11 years' service
Pension Fund (AFP) - 10% All Staff up to age 60 for women and 65 for men
Private (ISAPRE) and Public (FONSA) Health Insurance - 7%
84.3 UF - ISAPRE
All Staff
Legal Gratification (Mandatory Annual Bonus) 30% net income divided by total amount of staff - Companies with profits provide staff with an annual bonus

Other Benefit

Other common employment benefits in Chile include:

  • Child Care: Staff with 20+ female staff of any age or marital status provide a room at work where women with 2 year-olds can provide food for their children

Income Tax


  • Tax period: 1st January - 31st December
    Filing Due Date: April

Country Level

Taxable Income Rate
0-10,402,992.00 0%
10,402,992.01-23,117,760.00 4.%
23,117,760.01-38,529,600.00 8%
38,529,600.01-53,941,440.00 13.5%
53,941,440.01-69,353,280.00 23%
69,353,280.01-92,471,040.00 30.4%
92,471,040.01-238,883,520.00 35.5%
238,883,520.01+ 40%


  • 15% Flat rate on all taxable income

Working Hours


44 hours
7.5 hours a day, 6 days a week or 9 hours a day, 5 days a week

Typical practice

44 Hours
Monday - Saturday


Capped at 2 hours per day, 12 hours per month

  • Rate of pay is Base * 1.5 after 9 hours per day, 44 per week

Employment Contract


For piecework, seasonal, or projects


Probation is not legally recognised

Contract Period

Up to 1 year including renewals. Contracts lasting longer than 1 year are automatically converted to permanent


  • Notice period:
    - 1 month
    - Payment in Lieu accepted
  • Severance:
    - At end of agreement or just cause termination: prorated rate for work completed

Public Holiday

15 days

Country Level

Date Name
01 Jan New Year's Day
29 Mar Good Friday
30 Mar Holy Saturday
01 May Labor Day
21 May Navy Day
29 Jun Saint Peter and Saint Paul
16 Jul Our Lady of Mount Carmel
15 Aug Assumption of Mary
18 Sep National Holiday
19 Sep Army Day
14 Oct Day of Race
31 Oct Reformation Day
01 Nov All Saints' Day
08 Dec Feast of the Immaculate Conception
25 Dec Christmas Day


Leave Type Entitlement Notes
Annual Leave 15 working days
+ 1 day for every 3 years' service
All staff including contractors with 1 years' service
All staff after 10 years' service
Paternity Leave 5 working days All biological expectant fathers
Maternity Leave 18 weeks
6 weeks before birth, 12 weeks after
All expectant mothers
Adoption Leave 2 weeks- under 6 months old
6 weeks - over 6 moths old
All parents adopting children
Sick Leave No limitation - stated by medical certificate All staff registered for public or private health insurance
Child Health Leave 10 working days All parents with children terminally ill/ children under 18 years old
Bereavement Leave 10 days - Partner
7 days - Child
4 days - unborn child, parents, grandparents and close family
All staff from the day of death
Marriage Leave 5 continuous calendar days All staff before and after marriage
Military Service Leave up to 30 calendar days Staff choosing to take part military training as reserve personnel;


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