2024 Reference Value Update Report: Living Wage and Living Income Report for Rural Togo

Abstract

This report updates the Anker Living Wage and Living Income Reference Values for rural Togo to 2024. In 2023, as reported in the original report, the Living Income was CFA 149,206 and the Living Wage was CFA 92,764 per month2. The updated Living Income for 2024 is CFA 155,535. The Anker Gross Living Wage for 2024 is CFA 96,883 per month, comprised of a Net Living Wage of CFA 92,523 plus CFA 4,360 in mandatory payroll deductions which would need to be paid by law as contributions to social security (4%)3 and income tax (0.5%)4. Inflation in this period was 4.2%5. Without accounting for inflation, the Living Wage and Living Income estimated in 2023 would not suffice for a basic yet decent standard of living in 2024 due to decreased purchasing power.

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Original Report

2023 Reference Value Report: Living Wage & Living Income Report for Rural Togo

Abstract

This report provides estimates for the Anker Living Income and Living Wage Reference Values for rural Togo for 2023, as well as contextual background about the country’s geography, demographics, economy, poverty, labor market, and standards of living. The Living Income for Rural Togo is estimated as CFA 149,206 (USD 249) per month and the Living Wage is estimated as CFA 92,764 (USD 155) per month. The report concludes by comparing the reference values to existing incomes and wages and highlighting gaps to living income and living wage.

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