Living Wage Family in Russia increased to 23700 RUB/Month in 2018 from 23500 RUB/Month in 2017. Russia Living Wage Family - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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.

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 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.