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

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%) . Inflation in this period was 22.22% . 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.