TURKEY

Reference Values and Yearly Updates

URBAN TURKEY - LIVING WAGE

Turkey Reference

Jun 1, 2024

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

Jun 1, 2024

This report updates the Anker Living Wage Reference Value for urban Türkiye to June 2024. The Living Wage was TRY 4,954 in the original report for 2021.3 The updated Anker Living Wage for 2024 is TRY 22,141 (USD 679), comprised of a Net Living Wage of TRY 16,013 (USD 491) plus social security and income tax of TRY 6,127 (USD 188). This update takes into account the CPI inflation from June 2021 to June 2024; accumulated inflation in this period was 323.6%5. Without accounting for inflation, the Living Wage for 2021 would not be sufficient for workers and their families to have a basic but decent standard of living in 2024, because the purchasing power of the Living Wage would have decreased.

RURAL TURKEY - LIVING INCOME

Turkey Reference

Jun 1, 2024

Reference Value Report: Living Income and 2024 Update for Rural Turkey

Jun 1, 2024

This report updates the Anker Living Income Reference Value for rural Türkiye to June 2024. The Living Income was TRY 3,551 (USD 507) in the original report for 2020.3 The updated Anker Living Income for 2024 is TRY 17,679 (USD 542). This update takes into account the accumulated inflation from June 2020 to June 2024. Consumer price index inflation in this period was 397.9%.4 Without accounting for inflation, the Living Income for 2020 would not be sufficient for families to have a basic but decent standard of living in 2024, because the purchasing power of the living income would have decreased.