Minimum wage in Brazil 2024 | Statista (2024)

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Minimum wage in Brazil 2024 | Statista? ›

The legally guaranteed minimum wage in Brazil was 1,412 Brazilian reals per month in 2024. This is more than double the minimum monthly wage in 2010 and an increase of 110 Brazilian reals from the previous year.

The current minimum wage in Brazil is 1.320,00 Brazilian Reais nationwide, approximately 265 dollars.

The minimum wage has been revised in Brazil from 01 January 2024. The minimum wage has increased from R$1,320.00 to R$1,412.00 per month.

The average salary in Brazil per month across all industries and professions is around 8,590 BRL (1,770 USD) per month, with the average person earning around 10.86 USD per hour (base salary, plus benefits such as housing and transportation).

Some average living costs in São Paulo are (in BRL and USD): Monthly rent (1 bedroom apartment): 2300BRL ($430) Utilities (monthly average): 270BRL ($50) Monthly public transport pass: 275BRL ($50)

In 2022, the top ten percent in Brazil earned an average of 6,449 Brazilian reals per month before income taxes. This is more than 12 times the average income of the bottom half, which was 537 reals per month in that year.

We'll dig into the details a little more in a moment, but as you can see, costs of living in Brazil are on average in the region of half of the costs of living in the USA. In fact, consumer prices without rent are 97.8% higher in the US than Brazil, and once you include rent, that rises to 157.1% higher.

In 2022, the minimum wage in Brazil is US$234.88 (We used the exchange rate of February 25, 2021, with one dollar equivalent to 5.16 reais). People with a per capita income between $188.12 and $727.86 per month are considered middle class.

What is the minimum wage in Australia? ›

The National Minimum Wage applies to employees not covered by an award or registered agreement. This is the minimum pay rate provided by the Fair Work Act 2009 and is reviewed each year. As of 1 July 2023 the National Minimum Wage is $23.23 per hour or $882.80 per week.

The Raise the Wage Act of 2021 (HR 603) would increase the federal minimum wage in five annual steps, from $7.25 to $15 in 2025, with annual increases thereafter indexed to the median wage.

What is the London Living Wage? The London Living Wage is an hourly rate of pay, currently set at £13.15. It is calculated independently to reflect the high cost of living in the capital, giving a worker in London and their family enough to afford the essentials and to save.

The Brazilian economy is the second largest in the Americas. It is an upper-middle income developing mixed economy. In 2024, according to International Monetary Fund (IMF), Brazil has the 8th largest gross domestic product (GDP) in the world and has the 8th largest purchasing power parity in the world.

1 USD = 5.1472 BRL Apr 25, 2024 07:41 UTC

This is very much needed given the extreme volatility in global currencies lately. Sending money abroad is as easy as ever.

By law, the Brazilian real (R$) is the only currency accepted in Brazil. If a traveler comes from abroad bringing foreign currency, one should exchange it for reals at an institution authorized by Banco Central do Brasil (BCB) to trade foreign exchange, or at their hired correspondents.