Living Wage Family in Russia increased to 23700 RUB/Month in 2018 from 23500 RUB/Month in 2017.

Living Wage Family in Russia averaged 23325 RUB/Month from 2015 until 2018, reaching an all time high of 23700 RUB/Month in 2018 and a record low of 23000 RUB/Month in 2015. Russia Living Wage Family - values, historical data and charts - was last updated on June of 2020.

Living Wage Family in Russia is expected to reach 24411.00 RUB/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Living Wage Family is projected to trend around 25021.00 RUB/Month in 2021 and 25647.00 RUB/Month in 2022, according to our econometric models.

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Russia Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
23700.00 23500.00 23700.00 23000.00 2015 - 2018 RUB/Month yearly

Russia Labour Last Previous Highest Lowest Unit
Unemployment Rate 5.80 4.70 14.10 4.30 percent [+]
Employed Persons 71.40 71.10 74.10 60.40 Million [+]
Unemployed Persons 4.30 3.49 10.40 3.30 Million [+]
Employment Rate 59.10 58.90 66.60 58.80 percent [+]
Labor Force Participation Rate 62.00 61.70 70.30 61.70 percent [+]
Productivity 2.80 2.10 7.50 -4.10 percent [+]
Job Offers 1651014.00 1721885.00 2197833.00 1000000.00 Persons [+]
Wages 50926.00 47257.00 62239.00 0.00 RUB/Month [+]
Wage Growth 5.90 5.70 27.20 -41.40 percent [+]
Wages in Manufacturing 43243.00 44173.00 47231.00 7397.00 RUB/Month [+]
Minimum Wages 12130.00 11280.00 12130.00 132.00 RUB/Month [+]
Population 146.80 146.90 148.69 119.90 Million [+]
Retirement Age Women 55.50 55.00 55.50 55.00 [+]
Retirement Age Men 60.50 60.00 60.50 60.00 [+]
Wages Low Skilled 19900.00 13100.00 19900.00 11800.00 RUB/Month [+]
Wages High Skilled 48300.00 37600.00 48300.00 33300.00 RUB/Month [+]
Living Wage Family 23700.00 23500.00 23700.00 23000.00 RUB/Month [+]
Living Wage Individual 14500.00 14800.00 14800.00 13900.00 RUB/Month [+]


Russia Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.