Update Report: Living Income Reference Value Update 2023 for Rural Turkey
This report updates the Anker Living Income Reference Value for rural Türkiye to June 2023. This value was TRY 3,551 (USD 507) in the original study for 2020.3 These updates take into account the accumulated inflation from June 2020 to June 2023. Accumulated inflation in this period is estimated to be 190.14%. The updated value of the Anker Living income Reference Value for rural Türkiye is 10,303 (USD 457). 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 2023, because the purchasing power of the living income would have decrease.
Image: @yuranluba
Anker Reference Value Update Report 2023
This report updates the Anker Living Income Reference Value for rural Türkiye to June 2023. This value was TRY 3,551 (USD 507) in the original study for 2020. These updates take into account the accumulated inflation from June 2020 to June 2023. Accumulated inflation in this period is estimated to be 190.14%. The updated value of the Anker Living income Reference Value for rural Türkiye is 10,303 (USD 457). 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 2023, because the purchasing power of the living income would have decreased.
This report is an update to the original Living Wage Reference Value report written in 2020
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Update Report: Living Wage Reference Value Update 2023 for Urban Turkey
This report updates the Anker Living Wage Reference Value for urban Türkiye to June 2023. The living wage reference value was originally estimated at TRY 4,954 in 2021. The updated value takes into account the inflation accumulated in the country from June 2021 to June 2023 (146.87%). The value updated to 2023 is TRY 13,087, and comprises a net living wage of TRY 9,332 and the social security, unemployment insurance and income tax payments mandatory for 2023, which amount to TRY 3,755. Without accounting for inflation, the living wage estimated in 2021 would not be sufficient for workers and their families to have a basic but decent standard of living in 2023, because the purchasing power of the living income would have decreased.
Image: @yuranluba
Anker Reference Value Update Report 2023
This report updates the Anker Living Wage Reference Value for urban Türkiye to June 2023. The living wage reference value was originally estimated at TRY 4,954 in 2021. The updated value takes into account the inflation accumulated in the country from June 2021 to June 2023 (146.87%). The value updated to 2023 is TRY 13,087, and comprises a net living wage of TRY 9,332 and the social security, unemployment insurance and income tax payments mandatory for 2023, which amount to TRY 3,755. Without accounting for inflation, the living wage estimated in 2021 would not be sufficient for workers and their families to have a basic but decent standard of living in 2023, because the purchasing power of the living income would have decreased.
This report is an update to the original Living Wage Reference Value report written in 2021
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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.
Find out how you can support us by clicking here
Download the full report for free by typing in your email below.
Reference Value Report: Living Wage Report for 2021 Urban Turkey
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.
Image:@dmadventure
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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Reference Value Report: Living Income Report for 2020 Rural Turkey
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.3 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).
Image:@samdja
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).
SUPPORT US
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.
Find out how you can support us by clicking here
Download the full report for free by typing in your email below.