Living Wage Series - Greece - October 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 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 Euro)

  Typical family   Standard family   Single-adult  
  from to from to from to
Food 340 435 410 530 105 130
Housing 300 400 300 400 200 250
Transport 60 60 60 60 30 30
Health 50 100 50 100 13 25
Education 120 150 120 150 0 0
Other costs 44 57 47 62 17 22
Total Expenditure 914 1202 987 1302 365 457
Net Living Wage 609 801 548 723 365 457
Gross Living Wage 775 1020 695 920 465 580

Note: For more details see Living Wage FAQ.

Family Living Wages (monthly rates in Euro)

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 + 1.3 children, 1.5 working) 775 1020
Standard family (two parents + 2 children, 1.8 working) 695 920
Two parents and two children, 2 working 625 825
Two parents and two children, 1.5 working 835 1100
Two parents and two children, 1 working 1260 1660
Two parents and three children, 1.5 working 930 1220
Two parents and four children, 1.5 working 1020 1340
Single-adult without children, 1 working 465 580

Note: Results in the table are rounded.

Living Wages in Context (monthly rates in Euro)

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 684 684 684 684 684 684 684 684
Living Wage - Single Adult 465 585 420 560 455 580 465 580
Living Wage - Typical Family 780 1030 740 1010 770 1020 775 1020
Real wage of low-skilled worker 865 1080 820 1050 785 1010 615 745
Real wage of medium-skilled worker 1170 1520 1110 1490 1050 1400 735 925
Real wage of high-skilled worker 1710 2470 1610 2400 1500 2240 1130 1600

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 Euro

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 1 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 1.4 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 .4 .7
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

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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