Benchmark Report: Living Wage Report and 2024 Update for Yucatán, Mexico
2024 Living Wage Update Report: Living Wage Report for Yucatán, Mexico
This report provides updated estimates of family living income expenses and living wage for 2024 for rural areas and small towns of Yucatán, Mexico. The update for June 2024 takes into account inflation and changes in payroll deductions since the original Anker living wage study carried out in July 2022 (Delajara, et al., 2022).
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Original Report
2022 Benchmark Report: Living Wage Report for Yucatán, Mexico
Abstract
We estimate a living wage of MXN 12,350 (USD 602) per month for formal full-time workers in the rural areas and small towns of Yucatan, Mexico, as of July 2022. Our analysis utilizes data from primary sources collected in focus groups with workers in the fabric and clothing manufacturing industry, and through surveys of local food prices, rental prices, and costs of health care services. It also utilizes data from secondary sources, such as the household income and expenditure survey, the employment survey, and the population census, for thirty municipalities of the Northwest (excluding Mérida and eastern municipalities), Central Coast, and Northeast regions of the state of Yucatan. The net living wage (take-home pay) of MXN 10,174 (USD 496) is the estimated cost per month of a basic but decent life for a family of 4 (2 adults and 2 children) of MXN 17,296 (USD 842) per month divided by the average number of full-time equivalent workers per household of 1.70 in the study area. The gross living wage (aka living wage) of MXN 11,550 (USD 563) also includes MXN 1,376 (USD 67) for income tax and social security contributions.
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