Reference Value Report: Living Income and 2024 Update for Rural Turkey
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.
2024 Reference Value Update Report: Living Income Report for Rural Turkey
Abstract
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%. 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.
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Original Report
2020 Reference Value Report: Living Income Report for Rural Turkey
Abstract
The Anker Living Income Reference Value for 2020 for rural Turkey is TRY 3,551 (US507) per month with a 95% confidence around it from TRY 3,147(US$450) to TRY 4,008 (US$503). This is the income required by a rural family to be able to afford a basic but decent living standard in a typical rural area of Turkey. The Living Income may be defined as:
“Remuneration received for a standard month by a family in a particular place sufficient to afford a decent standard of living. Elements of a decent standard of living include food, water, housing, education, health care, transportation, clothing, and other essential needs including provision for unexpected events.” (Global Living Wage Coalition).
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Reference Value Report: Living Wage and 2024 Update for Urban Turkey
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.
2024 Reference Value Update Report: Living Wage Report for Urban Turkey
Abstract
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.
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Original Report
2021 Reference Value Report: Living Wage Report for Urban Turkey
Abstract
The Anker Living Wage Reference Value for 2021 for urban Turkey is TRY 4,954 per month. This is the average living wage over 2021 required by an urban worker to be able to afford a basic but decent living standard for himself or herself and his/her family in a typical urban area of Turkey. It is important to note that the living wage would be higher than this at the end of 2021 for two reasons. First: Turkey has a high inflation rate, which spiked further in the second half of 2021 to an annual rate of around 20% in October, according to TURKSTAT (and said to be even higher according to others), and the recent large depreciation of the lira is likely to further exacerbate inflation. And second: payroll deductions and income tax due on the living wage started increasing from June. In addition, it is also important to keep in mind that in such a large and diverse country like Turkey, living costs and living wages are necessarily higher than average in expensive and developed cities such as Istanbul, Izmir and Ankara.
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Our work helps to transform lives. But we can’t do what we do without you.
We are a non-profit and philanthropic support is essential for us to continue our pioneering work. We ask kindly that if you do use our research in your work you show your appreciation by donating.
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