Name: United Kingdom Living Wage Family
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: United Kingdom Living Wage Family, data, historical, chart, forecasts, news,2021,2022,2023

Living Wage Family in the United Kingdom increased to 1300 GBP/Month in 2018 from 1230 GBP/Month in 2017. source: WageIndicator Foundation

Living Wage Family in the United Kingdom averaged 1252.50 GBP/Month from 2015 until 2018, reaching an all time high of 1300 GBP/Month in 2016 and a record low of 1180 GBP/Month in 2015. United Kingdom Living Wage Family - values, historical data and charts - was last updated on July of 2022.

Living Wage Family in the United Kingdom is expected to reach 1365.00 GBP/Month by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Living Wage Family is projected to trend around 1403.00 GBP/Month in 2023 and 1437.00 GBP/Month in 2024, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Wages Low Skilled	1320.00	1180.00	GBP/Month	Dec 2018
Wages High Skilled	2330.00	2110.00	GBP/Month	Dec 2018
Living Wage Individual	895.00	850.00	GBP/Month	Dec 2018
Living Wage Family	1300.00	1230.00	GBP/Month	Dec 2018

United Kingdom 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.