Reference Value Report: Living Wage and 2024 Update for Rural Chad

This report updates the Anker Living Wage Reference Value for rural Chad to 2024. The Living Wage was XAF 73,234 (USD 116) for 2022 in the original report2. The updated Anker Gross Living Wage for 2024 is XAF 91,661 (USD 150) per month, comprised of a Net living Wage of XAF 86,165 (USD 141) and social security and income tax payments for XAF 5,496 (USD 9). Inflation in this period was 22.7%. Without accounting for inflation, the Living Wage estimated in 2022 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.