Reference Value Report: Living Wage Report and 2024 Update for Urban El Salvador

This report updates the Anker Living Wage Reference Value for urban El Salvador to 2024. The updated Anker Gross Living Wage for 2024 is USD 5472 per month, comprised of a Net Living Wage of USD 491, plus social security contributions of USD 56. The Gross Living Wage was USD 519 for 2022 in the original Reference Value report, comprised of a Net Living Wage of 466 USD plus deductions on the gross wage of USD 53.3 Inflation in this period was 5.3%. Without accounting for inflation, the Living Wage estimated in 2022 would not be sufficient for workers and their families to afford a basic but decent standard of living in 2024, because the purchasing power of the living wage would have decreased. Social security contributions and income tax were calculated using tax laws in force in 2024.