Reference Value Report: Living Wage Report and 2024 Update for Rural Rwanda
2024 Reference Value Update Report: Living Wage Report for Rural Rwanda
Abstract
This report updates the Anker Living Wage Reference Value for rural Rwanda to June 2024. The Living Wage was RWF 147,111 (USD 160) in the original report for 2020.2 The updated Anker Living Wage for 2024 is RWF 197,848 (USD 151), compromised of a Net Living Wage of RWF 167,319 (USD 128) plus social security and income tax of RWF 30,529 (USD 23)3. This update takes into account the national inflation rate from June 2023 to June 2024, 1.1%.4 Thus, the Net Living Wage, the take-home pay that workers need to achieve a basic but decent standard of living for them and their families increased with the general cost of living by 1.1% during this period. The Anker Living Wage is lower in 2024 than in 2023, however, because marginal income tax rates were reduced this year, and thus income tax payments on the living wage are correspondingly lower. Social security contributions, which are calculated over the gross wage, are also lower as a consequence.
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Original Report
2020 Reference Value Report: Living Wage Report for Rural Rwanda
Abstract
The Anker Living Wage Reference Value for 2020 for rural Rwanda is RWF 147,111 per month (USD 160)2 with a 95% confidence interval around it from RWF 130,006 to RWF 166,157. This is the wage required for workers to be able to afford a basic but decent living standard in a typical rural area of Rwanda. The Reference Value is comprised of a net living wage (i.e. take home pay) of RWF 111,813 (USD 121) per month plus RWF 35,298 (USD 38) which would need to be paid by law in social security (RWF 4,855) and income tax (RWF 30,443) on the living wage.
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Previous Updates
2023 Reference Value Update Report: Living Wage Report for Rural Rwanda
2022 Reference Value Update Report: Living Wage Report for Rural Rwanda
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