Reference Value Report: Living Wage Report and 2024 Update for Rural Zambia
This report updates the Anker Living Wage Reference Value for rural Zambia to 2024. The living wage reference value was originally estimated at ZMK 2,483 in 2022. The updated value takes into account the inflation accumulated in the country from June 2022 to June 2024 (26.50%)3 . The value updated to 2024 is ZMK 3,141 (121 USD), and comprises a net living wage of ZMK 2,952 (USD 114) and social security and health insurance deductionsfor ZMK 188 (USD 7). Workers who earn a salary equal to the amount of the living wage are exempt from paying income tax in Zambia4 . Without accounting for inflation, the living income estimated in 2022 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. Note that the Living Wage Reference Value in USD is lower in June 2024 compared to June 2023 due to the depreciation of the Zambian Kwacha during this period.
2024 Reference Value Update Report: Living Wage Report for Rural Zambia
Abstract
This report updates the Anker Living Wage Reference Value for rural Zambia to 2024. The living wage reference value was originally estimated at ZMK 2,483 in 2022. The updated value takes into account the inflation accumulated in the country from June 2022 to June 2024 (26.50%)3 . The value updated to 2024 is ZMK 3,141 (121 USD), and comprises a net living wage of ZMK 2,952 (USD 114) and social security and health insurance deductionsfor ZMK 188 (USD 7). Workers who earn a salary equal to the amount of the living wage are exempt from paying income tax in Zambia4 . Without accounting for inflation, the living income estimated in 2022 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. Note that the Living Wage Reference Value in USD is lower in June 2024 compared to June 2023 due to the depreciation of the Zambian Kwacha during this period.
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Original Report
2022 Reference Value Report: Living Wage Report for Rural Zambia
Abstract
This report provides estimates of living wages for typical rural areas of Zambia. The report uses statistical regressions of available data from household surveys and available Anker Living Wage and Living Income Benchmarks to estimate living wages for rural Zambia. This estimate is presented alongside additional socio-economic-demographic data to contextualize the results.
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