Colombia's minimum wage for 2024

$ 1,300,000.00 COP

One million, three hundred thousand

Yearly increase: 12.07 % ($ 140,000.00 COP)

Monthly minimum wage + monthly transport subsidy: $ 1,462,000.00 COP

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< Minimum wage 2023

Daily Minimum Wage Colombia 2024

$ 43,333.33 COP

fourty-three thousand, three hundred and thirty-three point three three three three three three three three three

Hourly Minimum Wage Colombia 2024

$ 5,416.67 COP

five thousand, four hundred and sixteen point six six six six six six six six six seven

Colombia's Minimum wage table

Monthly

Minimum wage equivalent Value
1 minimum wage $ 1,300,000.00
2 x minimum wage $ 2,600,000.00
3 x minimum wage $ 3,900,000.00
4 x minimum wage $ 5,200,000.00
5 x minimum wage $ 6,500,000.00
10 x minimum wage $ 13,000,000.00
15 x minimum wage $ 19,500,000.00
20 x minimum wage $ 26,000,000.00
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Daily

Minimum wage equivalent Value
1 minimum wage $ 43,333.33
2 x minimum wage $ 86,666.67
3 x minimum wage $ 130,000.00
4 x minimum wage $ 173,333.33
5 x minimum wage $ 216,666.67
10 x minimum wage $ 433,333.33
15 x minimum wage $ 650,000.00
20 x minimum wage $ 866,666.67
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Colombia | 2016 - 2024 | Español