Reference Value Report: Living Wage and 2024 Update for Rural Chad
2024 Reference Value Update Report: Living Wage Report for Rural Chad
Abstract
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.
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Original Report
2022 Reference Value Report: Living Wage Report for Rural Chad
Abstract
The Anker Living Wage Reference Value for 2022 for rural Chad is XAF 73,234 (USD 116) per month with a 95% confidence around it from XAF 64,630 (USD 103) to XAF 83,487 (USD 133). This is the wage required for workers to be able to afford a basic but decent living standard in a typical rural area of Chad. The Reference Value is comprised of a net living wage (i.e., take-home pay) of XAF 70,230 (USD 112) plus an estimated XAF 3,004 (USD 5) which would need to be paid by law as contribution to social security (XAF 2,563, USD 4) and for income tax (XAF 400, USD 1).
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