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Minimum wage and payroll indicators for 2024
Federal minimum wage, subsistence minimum, social contribution cap, sole proprietor contributions and the Bank of Russia key rate, with dates and legal acts.
2024 compared with 2023
as of 31 December 2024
Minimum wage (federal)
19 242 ₽
+3 000 ₽ · +18,5 % in 2023: 16 242 ₽
effective from 01.01.2024
Subsistence minimum for the working-age population
16 844 ₽
+1 175 ₽ · +7,5 % in 2023: 15 669 ₽
effective from 01.01.2024
Subsistence minimum per capita
15 453 ₽
+1 078 ₽ · +7,5 % in 2023: 14 375 ₽
effective from 01.01.2024
Social contributions cap
2 225 000 ₽
+308 000 ₽ · +16,1 % in 2023: 1 917 000 ₽
effective from 01.01.2024
Fixed contributions of sole proprietors
49 500 ₽
+3 658 ₽ · +8,0 % in 2023: 45 842 ₽
effective from 01.01.2024
Bank of Russia key rate
21 %
+5 pp in 2023: 16 %
effective from 28.10.2024
Indicators for 2024
| Indicator | Value | Change | Effective from | Grounds |
|---|---|---|---|---|
| Minimum wage (federal) | 19 242 ₽ | +3 000 ₽ +18,5 % | 01.01.2024 | Федеральный закон от 27.11.2023 № 548-ФЗ |
| Subsistence minimum per capita | 15 453 ₽ | +1 078 ₽ +7,5 % | 01.01.2024 | Федеральный закон от 27.11.2023 № 540-ФЗ о федеральном бюджете на 2024 год |
| Subsistence minimum for the working-age population | 16 844 ₽ | +1 175 ₽ +7,5 % | 01.01.2024 | Федеральный закон от 27.11.2023 № 540-ФЗ о федеральном бюджете на 2024 год |
| Subsistence minimum for pensioners | 13 290 ₽ | +927 ₽ +7,5 % | 01.01.2024 | Федеральный закон от 27.11.2023 № 540-ФЗ о федеральном бюджете на 2024 год |
| Subsistence minimum for children | 14 989 ₽ | +1 045 ₽ +7,5 % | 01.01.2024 | Федеральный закон от 27.11.2023 № 540-ФЗ о федеральном бюджете на 2024 год |
| Social contributions cap Unified cap; above it a reduced rate of 15.1% applies | 2 225 000 ₽ | +308 000 ₽ +16,1 % | 01.01.2024 | Постановление Правительства РФ от 10.11.2023 № 1883 |
| Fixed contributions of sole proprietors Plus 1% of income above RUB 300,000, capped at RUB 277,571 | 49 500 ₽ | +3 658 ₽ +8,0 % | 01.01.2024 | Пп. 1 п. 1.2 ст. 430 НК РФ |
| Bank of Russia key rate In effect on 1 January 2024 | 16 % | — | 18.12.2023 | Решение Совета директоров Банка России от 15.12.2023 |
| Bank of Russia key rate | 18 % | +2 pp | 29.07.2024 | Решение Совета директоров Банка России от 26.07.2024 |
| Bank of Russia key rate | 19 % | +1 pp | 16.09.2024 | Решение Совета директоров Банка России от 13.09.2024 |
| Bank of Russia key rate | 21 % | +2 pp | 28.10.2024 | Решение Совета директоров Банка России от 25.10.2024 |
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.
