Living wage Series - Colombia - August 2017 - In COP per Month

WageIndicator Living Wage Series - Wages in Context - Living Wages / in 2017

The Living Wage is based on the concept that work should provide an adequate income to cover the necessary living costs of a family. WageIndicator calculates Living Wage for around 50 countries based on prices collected within the WageIndicator Cost of Living Survey. The Living Wage calculated by WageIndicator is composed of seven parts: food, housing, transport, health, education, tax and other costs.

WageIndicator presents Living Wages for several household types and working hours to respond to different demands for living wage information: Typical family Living Wage is a baseline estimate that respects the country specific conditions. Family includes two adults and the number of children is given by country specific fertility rate (1.9 children per woman). One parent is working full-time and the working hours of second parent are approximated by national employment rate (75% in 2017). Standard family Living Wage is estimated for a family composed of two adults and two children. One parent is employed full-time and the second parent works 4 days a week it means family employment rate is 1.8. Single-adult Living Wage represents an acceptable standard of living for a single individual working full-time with no dependents.

Expenditure and Living Wage calculation (monthly rates in COP)

  Typical family   Standard family   Single-adult  
  from to from to from to
Food 427200 563200 438000 577600 109500 144400
Housing 434700 533300 434700 533300 300000 400000
Transport 128000 180000 128000 180000 64000 90000
Health 50000 100000 50000 100000 12500 25000
Education 100000 200000 100000 200000 0 0
Other costs 57000 78800 57500 79600 24300 33000
Total Expenditure 1196900 1655300 1208200 1670500 510300 692400
Net Living Wage 664944 919611 671222 928056 510300 692400
Gross Living Wage 731439 1011572 738345 1020861 561330 761640

Note: For more details see Living Wage FAQ.

Family Living Wages (monthly rates in COP)

There is not a single answer to what is the adequate cost of living. The result is complex, as the cost of living varies by household composition, location, and employment pattern. The following table presents the Living Wage estimates for a set of common household compositions and under different assumptions about working hours.

  from to
Typical family (two parents + 1.9 children, 1.8 working) 731400 1011600
Standard family (two parents + 2 children, 1.8 working) 738400 1020900
Two parents and two children, 2 working 664500 918800
Two parents and two children, 1.5 working 886000 1225000
Two parents and two children, 1 working 1329000 1837600
Two parents and three children, 1.8 working 808600 1113500
Two parents and four children, 1.8 working 878900 1206200
Single-adult without children, 1 working 561300 761600

Note: Results in the table are rounded.

Living Wages in Context (monthly rates in COP)

Living Wages are presented in context with other wage indicators including minimum wage, poverty line, and various prevailing wages of workers. Table shows the development of income levels over two years.

7-12/20151-6/20167-12/20161-6/2017
  from to from to from to from to
Minimum wage 644350 . 689455 . 689455 . 737717 .
Living Wage - Typical Family 786200 1082600 786400 1052100 793600 1081400 731400 1011600
Living Wage - Single Adult 620200 843700 632100 873000 665900 883000 561300 761600
Real wage of low-skilled worker 751800 897400 664300 782900 679900 764300 733300 872900
Real wage of medium-skilled worker 873000 1225200 852700 1138500 900600 1194100 929100 1259500
Real wage of high-skilled worker 1688500 2592400 1646600 2535600 1664100 2517300 1662100 2628500

Note: Reported monthly earnings of workers in low-, medium-, and high-skilled occupations are obtained from the voluntary WageIndicator web surveys on work and wages over the last 36 months. Results in the table are rounded.

Living Wage model diet and food prices in COP

The food expenditure is the main component of Living Wage and it is determined by the price of food basket. The food prices are taken from WageIndicator Cost of Living Survey which collects the actual prices of all items necessary to calculate the Living Wage. The composition of the food basket is taken from the national food balance sheets published by the UN Food and Agriculture Organization (FAO). The food basket is scaled to 2,100 calories per person per day that is the nutritional requirement for good health proposed by World Bank (Handbook on poverty and inequality, 2009).

Food itemGrams per dayEnergy (kcal)Price per kilo fromto
Wheat, barley and cereals 67 183 2400 4000
Rice 60 221 1800 2500
Meat (beef, pork, poultry) 114 186 7000 10000
Oils (soyabean, olive, palm) 31 273 4750 6000
Sugar (Raw Equivalent) 124 435 2200 3200
Maize and products 64 198 3000 4000
Milk - Excluding Butter 231 139 2000 2200
Vegetables, Other 40 11 2400 4000
Potatoes and products 71 50 1500 1800
Butter, Ghee 3 22 3500 4700
Groundnuts (Shelled Eq) 6 10 3500 5000
Pulses, Other and products 3 11 1500 3000
Cassava and products 82 71 1500 2000
Egg (price per 10 eggs) 23 30 50000 3000
Sunflowerseed Oil 1 10 6000 8300
Fish products 13 9 10000 13000
Beer 89 32 4000 6060
Sweeteners, Other 1 5 2000 3000
Beans 7 23 2500 3500
Bananas 22 14 1500 2000
Soyabeans 2 6 4000 4000
Yams 12 11 3000 3000
Apples and products 5 2 2500 3600
Tomatoes and products 31 6 2000 2000
Onions 19 8 1500 2000
Oranges, Mandarines 16 5 2000 2000
Plantains 113 103 1500 2000
Peas 4 12 2000 3000
Roots, Other 3 3 2000 2000
Seeds and kernels 0 0 3000 5000
Wine 1 1 20000 26700
Cream 0 0 3500 5000
Olives (including preserved) 0 0 4000 5000
Honey 0 0 5000 6750
Citrus, Other 29 8 3000 4000
Lemons, Limes and products 5 1 2000 2000
Tea (including mate) 0 0 3600 5000
Grapefruit and products 0 0 3000 4000
Coffee and products 4 2 3500 6000

Data sources:

Living Wage FAQ.

WageIndicator Cost of Living Survey

World Bank Databank, Fertility rate – average births per woman in years 2010-2014

ILO, Estimated participation rate in 2017

FAO, Food balance sheet in 2013 

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