Average earnings have risen by 7.7% since June 2022, but real terms pay has fallen according to a new report.
Workers on the island have had a real terms pay cut in the last 12 months of 2.8%.
That's because inflation in Jersey is higher than anywhere else in the British Isles, at 10.9%.
Public sector workers saw an even more considerable loss in their real-terms wages, as the value of their paycheck fell by 3.2%.
15% of Jersey's working population is on the States' payroll, making it the biggest employer in the island.
The care, service and cleaning industries gave out the lowest pay rises over the last year, with an average increase of just over 5%, with just 14% of people in the entire private sector on a living wage of £12.19.
Agriculture, hospitality and retail were found to have the highest proportion of workers on less than the living wage.

Victoria College twins with secondary school in Bad Wurzach
Jet2 increases capacity to Jersey by 140% for summer 2027
10-day Liberation International Music Festival gets underway
Jersey celebrates 81 years of Liberation
Flower mural in St Brelade's dubbed 'graffiti' and covered up
Future politicians called to action over visitor economy at 'tipping point'
Police seek information on alleged domestic assault after festival in St Helier
House prices down 5% on spring 2025