How much money should you earn in Colombia to be considered a good salary?

A good salary is important for every citizen. And the different specialized entities have been in charge of organizing all the residents of Colombia taking this aspect. In this sense,What is the appropriate salary that a worker can receive after providing his services?

How much money should a salary have to be considered good?

The first thing you should know is the current value of the minimum wage. With information provided by the Ministry of Labor, at the beginning of 2024, the increase in the minimum wage was indicated, which reached the amount of one million 300 thousand pesos, together with transportation assistance, which was set at $162,000.

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Now, for the monthly income to be ideal, you must allocate money for food, health, the amount to pay taxes, the housing fee and of course entertainment activities. There are some variables that may be different taking into consideration the strata, city or municipality where you reside.

What are the estimated income amounts of all social classes in Colombia?

The amount to be considered a good salary.

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The National Association of Financial Institutions (ANIF) announced what would be the average value that people from the different social classes in the national territory have.

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– Lower class: income below 420,676 pesos.

– Vulnerable class: income between 420,676 and 781,000 pesos.

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– Middle class: income between 781,000 and 4,201,570 pesos.

– Upper class: income above 4,201,570 pesos.

How much money must you earn to be considered a good salary?

Taking into account all the information mentioned above, it could be said that with an average salary between $3,000,000 and $4,00,0000 that a person receives would be the figure for what is called a good salary.since it will allow you to cover basic needs, allocate money for other types of activities and even save money.