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

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.