Reference Value Report: Living Wage and 2024 Update for Rural Congo
2024 Reference Value Update Report: Living Wage Report for Rural Congo
Abstract
This report updates the Anker Living Wage Reference Value for rural Congo to 2024. In 2022, the estimated Living Wage was XAF 108,338 (USD 172) per month as reported in the original report2. The updated Anker Living Wage for 2024 is XAF 116,780 (USD 192), compromised of a Net Living Wage of XAF 111,121 (USD 183) plus social security and income tax of XAF 5,559 (USD 9)3. This update takes into account the accumulated inflation from June 2022 to June 2024. Accumulated inflation in this period was 7.8%4. Without accounting for inflation, the Net Living Wage for 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 income would have decreased.
Download the update report for free by typing in your email below
Original Report
2022 Reference Value Report: Living Wage Report for Rural Congo
Abstract
The Anker Living Wage Reference Value for 2022 for rural Republic of Congo is CFA 108,338 (USD 172) per month with a 95% confidence around it from CFA 98,451 (USD 157)5 to CFA 119,219 (USD 190). This is the wage required for workers to be able to afford a basic but decent living standard in a typical rural area of the Republic of Congo. The Anker Reference Value is comprised of a net living wage (i.e., take-home pay) of CFA 103,181 (164 USD) plus an estimated CFA 5,157 (8 USD) which would need to be paid by law as contribution to social security (CFA 4,334; 6.9 USD) and income tax (CFA 823; 1.3 USD).
Download the full report for free by typing in your email below.
SUPPORT US
Our work helps to transform lives. But we can’t do what we do without you.
We are a non-profit and philanthropic support is essential for us to continue our pioneering work. We ask kindly that if you do use our research in your work you show your appreciation by donating.
Find out how you can support us by clicking here