Reference Value Report: Living Wage and 2024 Update for Urban Honduras
2024 Reference Value Update Report: Living Wage Report for Urban Honduras
Abstract
This report updates the Anker Living Wage Reference Value for urban Honduras to 2024. This was HNL 9,542 (USD 391) for 2022 in the original report, comprised of a Net Living Wage of NHL 9,065 (USD 372), plus a social security contribution of HNL 477 (USD 20). The updated Anker Gross Living Wage for 2024 is HNL 10,181 (USD 410) per month, comprised of a Net Living Wage of HNL 9,824 (USD 396), plus social security contribution of HNL 356 (USD 14). Inflation in this period was 8.4%. 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. Social security contributions were calculated using the most up-to-date tax laws.
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Original Report
2022 Reference Value Report: Living Wage Report for Urban Honduras
Abstract
This report provides estimates of family living expenses and living wages for typical urban areas of Honduras. The report uses statistical regressions of available data from household surveys and available Anker Living Wage and Living Income Benchmarks to estimate living costs at the national level. The numbers are presented alongside additional socioeconomic data to contextualize the results.
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