Reference Value Report: Living Wage Report and 2024 Update for Urban Cameroon
2024 Reference Value Update Report: Living Wage Report for Urban Cameroon
Abstract
This report updates the Anker Living Wage Reference Value for urban Cameroon to 2024. This was CFA 169,894 (USD 281) for 2023 in the original report , comprised of a Net Living Wage of CFA 149,228 (USD 247), plus income tax and a social security contribution of CFA 20,666 (USD 34). The updated Anker Gross Living Wage for 2024 is CFA 189,860 (USD 311) per month, comprised of a Net living Wage of CFA 155,535 (USD 255), plus CFA 34,325 (USD 56) 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 (16.5%) . Inflation in this period was 4.2% and it increased the Net Living Wage. Without accounting for inflation, the Living Wage estimated in 2023 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
2023 Reference Value Report: Living Wage Report for Urban Cameroon
Abstract
This report provides an estimate for the Anker Living Wage Reference Value for urban Cameroon for 2023, as well as contextual background about the country’s geography, demographics, economy, poverty, labor market, and standards of living. The gross Anker Living Wage Reference Value is estimated as CFA 169,894 (USD 281). The report concludes by comparing the reference value to existing wages and highlighting gaps to a living wage.
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