This report updates the Anker Living Wage Reference Value for non-metropolitan urban Chile to 2024. This was CLP 623,057 (USD 751) for 2020 in the original report, comprised of a Net Living Wage of CLP 513,399 (USD 619), plus a social security contribution of CLP 109,658 (USD 132). The updated Anker Gross Living Wage for 2024 is CLP 811,442 (USD 877) per month, comprised of a Net living Wage of CLP 668,628 (USD 722), plus CLP 142,814 (USD 154) in mandatory pay deductions which would need to be paid by law as a contribution to the state health fund (7.0%), unemployment insurance (0.6%), and pension contribution (10.0%). Inflation in this period was 30.2%. Without accounting for inflation, the Living Wage estimated in 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 Wage would have decreased. Mandatory deductions were calculated using laws in force in June 2024.
If you are looking for a Benchmark study for this country please contact us. We may already be working on it.
Learn more about how you can support by becoming a Corporate Sponsor.
