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Minimum wage and payroll indicators for 2023
Federal minimum wage, subsistence minimum, social contribution cap, sole proprietor contributions and the Bank of Russia key rate, with dates and legal acts.
2023 compared with 2022
as of 31 December 2023
Minimum wage (federal)
16 242 ₽
+963 ₽ · +6,3 % in 2022: 15 279 ₽
effective from 01.01.2023
Subsistence minimum for the working-age population
15 669 ₽
+497 ₽ · +3,3 % in 2022: 15 172 ₽
effective from 01.01.2023
Subsistence minimum per capita
14 375 ₽
+456 ₽ · +3,3 % in 2022: 13 919 ₽
effective from 01.01.2023
Social contributions cap
1 917 000 ₽
+352 000 ₽ · +22,5 % in 2022: 1 565 000 ₽ (pension contribution cap)
effective from 01.01.2023
Fixed contributions of sole proprietors
45 842 ₽
+2 631 ₽ · +6,1 % in 2022: 43 211 ₽
effective from 01.01.2023
Bank of Russia key rate
16 %
+8,5 pp in 2022: 7,5 %
effective from 18.12.2023
Indicators for 2023
| Indicator | Value | Change | Effective from | Grounds |
|---|---|---|---|---|
| Minimum wage (federal) | 16 242 ₽ | +963 ₽ +6,3 % | 01.01.2023 | Федеральный закон от 19.12.2022 № 522-ФЗ |
| Subsistence minimum per capita | 14 375 ₽ | +456 ₽ +3,3 % | 01.01.2023 | Федеральный закон от 05.12.2022 № 466-ФЗ о федеральном бюджете на 2023 год |
| Subsistence minimum for the working-age population | 15 669 ₽ | +497 ₽ +3,3 % | 01.01.2023 | Федеральный закон от 05.12.2022 № 466-ФЗ о федеральном бюджете на 2023 год |
| Subsistence minimum for pensioners | 12 363 ₽ | +393 ₽ +3,3 % | 01.01.2023 | Федеральный закон от 05.12.2022 № 466-ФЗ о федеральном бюджете на 2023 год |
| Subsistence minimum for children | 13 944 ₽ | +443 ₽ +3,3 % | 01.01.2023 | Федеральный закон от 05.12.2022 № 466-ФЗ о федеральном бюджете на 2023 год |
| Social contributions cap Unified cap; above it a reduced rate of 15.1% applies | 1 917 000 ₽ | — | 01.01.2023 | Постановление Правительства РФ от 25.11.2022 № 2143 |
| Fixed contributions of sole proprietors Single payment; plus 1% of income above RUB 300,000, capped at RUB 257,061 | 45 842 ₽ | +2 631 ₽ +6,1 % | 01.01.2023 | Пп. 1 п. 1.2 ст. 430 НК РФ |
| Bank of Russia key rate In effect on 1 January 2023 | 7,5 % | — | 19.09.2022 | Решение Совета директоров Банка России от 16.09.2022 |
| Bank of Russia key rate | 8,5 % | +1 pp | 24.07.2023 | Решение Совета директоров Банка России от 21.07.2023 |
| Bank of Russia key rate Extraordinary decision | 12 % | +3,5 pp | 15.08.2023 | Решение Совета директоров Банка России от 15.08.2023 |
| Bank of Russia key rate | 13 % | +1 pp | 18.09.2023 | Решение Совета директоров Банка России от 15.09.2023 |
| Bank of Russia key rate | 15 % | +2 pp | 30.10.2023 | Решение Совета директоров Банка России от 27.10.2023 |
| Bank of Russia key rate | 16 % | +1 pp | 18.12.2023 | Решение Совета директоров Банка России от 15.12.2023 |
Minimum wage by year
Federal minimum wage at year end (current value for this year) and growth on the previous year.
- 2020 12 130 ₽ —
- 2021 12 792 ₽ +5,5 %
- 2022 15 279 ₽ +19,4 %
- 2023 16 242 ₽ +6,3 %
- 2024 19 242 ₽ +18,5 %
- 2025 22 440 ₽ +16,6 %
- 2026 27 093 ₽ +20,7 %
In 2022 the minimum wage was raised twice: RUB 13,890 from 1 January and RUB 15,279 from 1 June.
A region may set a higher minimum wage, and regional subsistence minimums differ from the national one. Check the values for your region before calculating.
