In Acklins, workers need to earn a Living Wage of at least BSD 1,770 to make ends meet for themselves and their family.
|
Income Type |
Living Wage |
|
Typical Family, per month
|
BSD 1,770 |
|
Typical Family, per hour
|
BSD 10.22 |
How these Living wages are calculated
Typical family characteristics
WageIndicator Foundation calculates Living Wages for the Bahamas based on the following family characteristics:
- Families comprise 2 adults and 1.8 children (determined by the national fertility rate)
- 1 adult works full time, while the 2nd adult works for 70% of legally permissible hours (determined by the national employment rate)
Expenses
|
Expense Type |
Costs per month |
| Food - per person | BSD 236 |
| Housing - per family | BSD 1,580 |
| Health - per family | BSD 33 |
| Transport - per person | BSD 45 |
| Education - per child | BSD 19.5 |
| Clothing - per person | BSD 8 |
| Water - per person | BSD 4 |
| Phone - per person | BSD 44 |
| Taxes - per family | BSD 63 |
Data from 2023
How does the Living Wage relate to the Minimum Wage?
In the Bahamas, the Minimum Wage is currently BSD 910 per month. The Living Wage for Acklins is 1.9 times higher.
Prices
|
Food expenses |
Cost per food product |
| Bread (one loaf) | BSD 0.80 |
| Oranges (1 kg) | BSD 1.20 |
| Sugar (1 kg) | BSD 0.50 |
| Bottled water (1 L) | BSD 1.50 |
| Meat (red) (1 kg) | BSD 4.10 |