Living Wage Family in Mexico increased to 7900 MXN/Month in 2018 from 7700 MXN/Month in 2017.

Living Wage Family in Mexico averaged 7832.50 MXN/Month from 2015 until 2018, reaching an all time high of 7900 MXN/Month in 2016 and a record low of 7700 MXN/Month in 2017. Mexico Living Wage Family - values, historical data and charts - was last updated on July of 2020.

Living Wage Family in Mexico is expected to reach 8500.00 MXN/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mexico Living Wage Family is projected to trend around 8600.00 MXN/Month in 2021, according to our econometric models.

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Mexico Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
7900.00 7700.00 7900.00 7700.00 2015 - 2018 MXN/Month yearly

Mexico Labour Last Previous Highest Lowest Unit
Unemployment Rate 2.90 3.60 6.42 2.22 percent [+]
Employed Persons 55352304.00 55683450.00 55683450.00 37970852.00 [+]
Unemployed Persons 1976060.00 1942071.00 3012574.00 915418.00 [+]
Labor Force Participation Rate 59.80 60.10 61.47 58.18 percent [+]
Labour Costs 123.60 88.70 132.40 71.50 points [+]
Productivity 83.00 92.70 104.70 83.00 points [+]
Wages 408.02 403.62 408.02 129.28 MXN/Day [+]
Wages in Manufacturing 2.40 2.80 3.80 2.00 USD/Hour [+]
Minimum Wages 123.22 123.22 123.22 0.01 MXN/Day [+]
Population 126.58 125.33 126.58 38.68 Million [+]
Retirement Age Women 65.00 65.00 65.00 65.00 [+]
Retirement Age Men 65.00 65.00 65.00 65.00 [+]
Employment Rate 97.06 96.43 97.23 93.58 percent [+]


Mexico 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.