Living wage Series - Colombia - October 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 uses prices from the Cost of Living Survey to calculate Living Wage for 60 countries. The Living Wage is an approximate income needed to meet a family’s basic needs including food, housing, transport, health, education, tax deductions and other necessities.

The following table summarises the varying expenditure and income needs for the three commonly occurring family household compositions.

Expenditure and Living Wage calculation (monthly rates in Colombian Peso)

  Typical family   Standard family   Single-adult  
  from to from to from to
Food 410500 565400 421100 579900 105300 145000
Housing 532600 685700 532600 685700 331400 422000
Transport 120000 160000 120000 160000 60000 80000
Health 50000 100000 50000 100000 12500 25000
Education 90000 200000 90000 200000 0 0
Other costs 60200 85600 60700 86300 25500 33600
Total Expenditure 1263300 1796700 1274400 1811900 534700 705600
Net Living Wage 701833 998167 708000 1006611 534700 705600
Gross Living Wage 772000 1098000 778800 1107300 588200 776200

Note: For more details see Living Wage FAQ.

Family Living Wages (monthly rates in Colombian Peso)

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 most common family household compositions and under different assumptions about working hours.

  from to
Typical family (two parents + 1.9 children, 1.8 working) 772000 1098000
Standard family (two parents + 2 children, 1.8 working) 778800 1107300
Two parents and two children, 2 working 700900 996600
Two parents and two children, 1.5 working 934600 1328700
Two parents and two children, 1 working 1401800 1993100
Two parents and three children, 1.8 working 846300 1200300
Two parents and four children, 1.8 working 913900 1293400
Single-adult without children, 1 working 588200 776200

Note: Results in the table are rounded.

Living Wages in Context (monthly rates in Colombian Peso)

The Minimum Wage is a national legally binding obligation on employers which often make no reference to a living standard. Living Wage describes the adequate living standard. The common goal of the many living wage campaigns currently taking place all over the world is to lift Minimum Wages levels to those of the Living Wages. WageIndicator presents Living Wages jointly with Minimum Wages, aiming to raise awareness concerning the remaining differences in levels. Living Wages are presented in context with other wage indicators including prevailing wages of workers over recent years.

  2014 . 2015 . 2016 . 2017 .
  from to from to from to from to
Minimum wage 616000 616000 644350 644350 689455 689455 737717 737717
Living Wage - Single Adult 526700 719700 629000 821800 623400 802800 588200 776200
Living Wage - Typical Family 729100 1072300 836400 1175100 811300 1130500 772000 1098000
Real wage of low-skilled worker 692200 826300 689500 842800 690600 808100 700400 830100
Real wage of medium-skilled worker 873100 1186000 881500 1200100 901600 1188700 877300 1157300
Real wage of high-skilled worker 1572500 2479200 1595400 2525200 1634000 2505100 1623700 2499200

Note: Table shows the lowest monthly Minimum Wage in a country, when available. Reported monthly earnings of workers in low-, medium-, and high-skilled occupations are obtained from the voluntary WageIndicator web survey on work and wages. Results in the table are rounded.


Food basket and food prices in Colombian Peso

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 5000 6300
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 2500 3000
Sunflowerseed Oil 1 10 6000 8600
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 6500
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 5600

WageIndicator Living Wage background:

The WageIndicator Living Wage is set to provide acceptable living standard to a family of a particular size. WageIndicator presents Living Wages for several household types and working hours which reflect the most frequently found real situations in which people have to make a living: 1. Typical family Living Wage is a baseline estimate that respects the country specific conditions. Typical family is comprised of two adults and the number of children is given by country specific fertility rate (the average number of children a woman is expected to have during her lifespan). One adult is working full-time and the working hours of second adult are approximated by national employment rate. The total income earned by two adults paid living wage is sufficient to reach adequate living standard. 2. Standard family Living Wage is estimated for a family composed of two adults and two children (referred to as family 2+2). Living wage is calculated under different assumptions about working hours. These include that both adults work full-time (family employment rate is 2), or at least one adult works part-time or half-time (family employment rate is 1.8 and 1.5), or one adult does not work at all (i.e. patriarchal model with family employment 1). Alternatives refer to trade-offs between leisure and work and define what living wage represents. In every case the total income earned by two adults paid living wage is sufficient to reach adequate living standard. 3. Extended family Living Wage includes family with three or four children. One adult works full-time and the work intensity of second parent is approximated by national employment rate. 4. Individual Living Wage represents an acceptable standard of living for a single individual working full-time.

Data sources: WageIndicator Cost of Living Survey, World Bank Databank Fertility rate 2010-2014, ILO Estimated participation rate in 2017, FAO Food balance sheet in 2013.

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