Living Wage Series - Greece - September 2019 - In Euro, 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 in more than 70 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 EUR)

  Typical family Standard family Single-adult
  from-to from-to from-to
Food expenses 380-470 460-570 115-140
Housing expenses 350-490 350-490 200-290
Transport expenses 60-80 60-80 30-40
Healthcare expenses 50-100 50-100 13-25
Education expenses 100-150 100-150 0
Other expenses 47-64 51-69 18-25
Total Expenditure 987-1354 1071-1459 376-520
Net Living Wage 658-903 595-811 376-520
Gross Living Wage 835-1150 755-1030 475-660

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

Typical family (two parents + 1.3 children, 1.5 working) 835-1150
Standard family (two parents + 2 children, 1.8 working) 755-1030
Two parents and two children, 2 working 680-925
Two parents and two children, 1.5 working 905-1240
Two parents and two children, 1 working 1360-1860
Two parents and three children, 1.5 working 1010-1360
Two parents and four children, 1.5 working 1110-1490
Single-adult without children, 1 working 475-660

Note: Results in the table are rounded.


Living Wages in Context (monthly rates in EUR)

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.

  2016 2017 2018 2019
Minimum wage 684 684 684 684
Living Wage - Single Adult 435-575 470-595 500-635 480-660
Living Wage - Typical Family 810-1080 855-1100 890-1150 835-1150
Real wage of low-skilled worker 690-865 675-855 665-845 580-755
Real wage of medium-skilled worker 750-945 745-940 755-965 705-930
Real wage of high-skilled worker 1100-1500 1110-1530 1080-1480 945-1320

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 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 item Grams per day Energy (kcal) Price per kilo
Wheat, barley and cereals products 225 566 1.6-2
Rice 12 39 1-1.5
Meat (beef, pork, poultry) 142 199 5-7
Oils (soyabean, olive, palm) 34 298 -
Sugar (Raw Equivalent) 47 167 -
Maize and products 3 9 -
Milk - Excluding Butter 1315 713 1-1.2
Vegetables, Other 213 46 .5-1
Potatoes and products 129 86 .6-.7
Butter, Ghee 3 21 -
Groundnuts (Shelled Eq) 19 40 -
Pulses, Other and products 4 14 2-4.4
Egg (price per 10 eggs) 18 25 22-25
Sunflowerseed Oil 14 120 -
Fish products 34 20 4-7
Beer (0.5 liter/pint) 61 30 -
Sweeteners, Other 2 5 -
Beans 4 15 -
Sweet potatoes 1 1 2-2
Bananas 14 8 1.3-1.5
Apples and products 30 13 1-1.5
Tomatoes and products 148 27 1-1.2
Onions 38 15 .5-.9
Oranges, Mandarines 66 21 .8-1
Peas 0 1 -
Seeds and kernels 3 16 2-3
Wine (bottle) 33 23 -
Pineapples and products 2 1 -
Cream 4 8 5-7
Olives (including preserved) 16 14 4-6
Honey 3 8 7.5-9
Lemons, Limes and products 10 1 1.3-1.3
Grapefruit and products 1 1 -
Coffee and products 12 5 -


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.

WageIndicator useful links:

Publication Guzi, M., & Kahanec, M. (2019). Estimating Living Wage Globally. Amsterdam, WageIndicator Foundation
WageIndicator Wages in Context Map with the latest updates
All You Always wanted to Know about Living Wages