Living Wage Series - Greece - August 2017 - In EUR, per Month

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 (1.3 children per woman). One parent is working full-time and the working hours of second parent are approximated by national employment rate (55% 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 EUR)

  Typical family   Standard family   Single-adult  
  from to from to from to
Food 345 430 420 520 105 130
Housing 250 350 250 350 170 240
Transport 60 60 60 60 30 30
Health 50 100 50 100 13 25
Education 120 150 120 150 0 0
Other costs 41 55 45 59 16 21
Total Expenditure 866 1145 945 1239 334 446
Net Living Wage 577 763 525 688 334 446
Gross Living Wage 733 969 667 874 424 566

Note: For more details see Living Wage FAQ.

Family Living Wages (monthly rates in EUR)

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 + 1.3 children, 1.5 working) 735 970
Standard family (two parents + 2 children, 1.8 working) 665 875
Two parents and two children, 2 working 600 785
Two parents and two children, 1.5 working 800 1050
Two parents and two children, 1 working 1200 1580
Two parents and three children, 1.5 working 895 1170
Two parents and four children, 1.5 working 985 1280
Single-adult without children, 1 working 425 565

Note: Results in the table are rounded.

Living Wages in Context (monthly rates in EUR)

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 684 . 684 . 684 . 684 .
Living Wage - Typical Family . . 825 910 795 930 735 970
Living Wage - Single Adult . . 460 525 460 525 425 565
Real wage of low-skilled worker . . 680 790 635 750 610 725
Real wage of medium-skilled worker 920 1120 755 955 745 935 740 920
Real wage of high-skilled worker 1190 1640 1090 1530 1130 1590 1140 1600

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 EUR

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 225 567 1.4 1.6
Rice 12 39 .9 1.5
Meat (beef, pork, poultry) 142 199 5 6
Oils (soyabean, olive, palm) 34 298 . .
Sugar (Raw Equivalent) 47 167 1 1
Maize and products 3 9 . .
Milk - Excluding Butter 454 246 1 1.2
Vegetables, Other 213 46 .9 1.5
Potatoes and products 129 86 .5 1
Butter, Ghee 3 21 . .
Groundnuts (Shelled Eq) 19 40 . .
Pulses, Other and products 4 14 .8 1.6
Egg (price per 10 eggs) 18 25 28.3 1.7
Sunflowerseed Oil 14 120 . .
Fish products 34 20 6 7
Beer 61 30 2 2.7
Sweeteners, Other 2 5 . .
Beans 4 15 .6 1.4
Sweet potatoes 1 1 . .
Bananas 14 8 1.1 2
Apples and products 10 5 1 1.5
Tomatoes and products 148 27 1.1 1.1
Onions 38 15 1 1.3
Oranges, Mandarines 66 21 .7 .8
Peas 0 1 . .
Seeds and kernels 3 16 1.3 2
Wine 33 23 2.7 5.3
Cream 4 8 3 5
Olives (including preserved) 16 14 . .
Honey 3 8 8 8.5
Citrus, Other 0 0 .8 1.4
Lemons, Limes and products 10 1 1.2 1.3
Grapefruit and products 1 1 2.4 2.4
Coffee and products 12 5 3 4

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 

Cite this page: © WageIndicator 2017 - WageIndicator.org - Living Wage Series - Greece - August 2017 - In EUR, per Month