Magadan Region - Minimum subsistence level of working age population

18,319 (Rubles) in 2015

In 2015, minimum subsistence level of working age population for Magadan Region was 18,319 rubles. Between 1998 and 2015, minimum subsistence level of working age population of Magadan Region grew substantially from 1,672 to 18,319 rubles rising at an increasing annual rate that reached a maximum of 55.32% in 1999 and then decreased to 13.32% in 2015.

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What is minimum subsistence level of working age population?

Represents cost estimate of consumer goods basket as well as statutory payments and fees. Consumer goods basket includes minimum set of food and non-food products and services needed for maintenance of human health and life support. It is established both on national level by Federal law and on regional level by regional authorities. Minimum subsistence level is determined in average per capita on the quarterly base for three socio-economic groups of population (working-age population, retirees and children) by the Government of the Russian Federation.

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What is Magadan Region minimum subsistence level of working age population?