Reference Value Report: Living Wage Report and 2024 Update for Rural Cameroon
2024 Reference Value Update Report: Living Wage Report for Rural Cameroon
Abstract
This report updates the Anker Living Wage Reference Value for rural Cameroon to 2024. This was CFA 104,623 (USD 181) for 2020 in the original report, comprised of a Net Living Wage of CFA 93,722 (USD 162), plus income tax and a social security contribution of CFA 10,901 (USD 19). The updated Anker Gross Living Wage for 2024 is CFA 131,224 (USD 215) per month, comprised of a Net living Wage of CFA 114,549 (USD 188), plus CFA 16,675 (USD 27) in mandatory pay deductions which would need to be paid by law as a contribution to social security (4.2%), housing fund (1%), and income tax (11%)3 . Inflation in this period was 22.22% 4 . Without accounting for inflation, the living wage estimated in 2020 would not be sufficient for families to have a basic but decent standard of living in 2024, because the purchasing power of the living wage would have decreased. Mandatory deductions were calculated using the most up-to-date tax laws.
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Original Report
2020 Reference Value Report: Living Wage Report for Rural Cameroon
Abstract
The Anker Living Wage Reference Value for 2020 for rural Cameroon is CFA 104,623 per month (USD 181) with a 95% confidence interval around it from CFA 95,534 to CFA 114,530. This is the wage required for rural workers to be able to afford a basic but decent living standard in a typical rural area of Cameroon. The Reference Value is comprised of a net living wage (i.e. take-home pay) of CFA 93,722 (USD 165) per month plus CFA 10,901 (USD 19) which would need to be paid by law in social security (CFA 4,394) and income tax (CFA 6,507) on the living wage
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