Reference Value Report: Living Wage and 2024 Update for Urban Togo

This report updates the Anker Living Wage Reference Value for urban Togo to 2024. In 2023, as reported in the original report, the Living Wage was CFA 122,967 per month2. The updated Anker Gross Living Wage for 2024 is CFA 128,374 per month, comprised of a Net Living Wage of CFA 122,597 plus CFA 5,777 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%. Without accounting for inflation, the Living Wage estimated in 2023 would not suffice for a basic yet decent standard of living in 2024 due to decreased purchasing power.