Cost Of Living in Aden 2024

Average monthly spending for singles, couples, students, and families in Aden

Whether you're living in Aden or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Singles

The average monthly expense for a single person living in Aden is 2,700 YER. Expenses can range from 370 YER at the minimum level to 18,000 YER at the highest end.

Couples

The average monthly spending of couples in Aden is 4,400 YER. Expenditure can range from 1,500 YER to 24,000 YER per month.

Families

The average cost of living for families in Aden is 5,900 YER per month. Families spend anywhere from 2,100 YER to 39,000 YER.

Students

The average monthly expenditure for students in Aden is 2,000 YER. Students spend from 300 YER to 13,000 YER per month.

Expenditure to Income Ratio in Aden

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Expense to income distribution levels

Interpretation and Analysis

The average spending-to-salary ratio in Aden is 96% This means that on average, people spend around 96% of their income for living. According to the distribution table, 14% of the population spend approximately 60% to 70% of their income every month.

Individual
87%
Spending-Income-Ratio

---

81%

96%

Couple
91%
Spending-Income-Ratio

---

85%

100%

Family
100%
Spending-Income-Ratio

---

94%

110%

How do people spend their money in Aden?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

People living in Aden typically spend from 11% to 30% of their total monthly expenditure on housing with 22% being the average. The average spend on housing is 1,200 YER with expenditure ranging from 89 YER to 12,000 YER. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utility expenditure like electricity, water, and gas in Aden ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 190 YER with 15 YER and 1,900 YER being the upper and lower limits.

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 30 YER to 3,900 YER on commuting with 390 YER being the norm for most people in one month. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 3% or as high as 10%.

The average outlay on groceries in a month in Aden is 960 YER. The cost of groceries can range between 74 YER to 9,600 YER. People spend on average about 29% on food and groceries with upper and lower bounds of 21% and 35% respectively.

People in Aden allocate 6% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 11%. The range of medical expenses range from 21 YER to 2,700 YER with 270 YER being the norm.

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 12 YER to 1,500 YER with 150 YER being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 230 YER per month with 18 YER being the minimum spent amount and 2,300 YER being the maximum.

How much money can you save in Aden every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.

What percentage of people in Aden manage to save money from their income every month?

Almost 51% of the surveyed people in Aden said that they can save some money at the end of each month while 49% said that aren't saving anything.

Percentage of people saving money by population group in Aden

Saving to Income Ratio

Average Monthly Saved Amount

For most people, 9.9% to 32% of their monthly income is what they can allocate to their savings, with 18% being the average. The amount of money that people can save is approximately 1,100 YER on average with savings ranging from 82 YER to 11,000 YER.

60% of surveyed singles reported some of their income going to savings while 54% of couples said the same. 49% of families confirmed their ability to save money.

How much money do people actually save in Aden?

Singles

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for singles

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 13% to 34% of their monthly income to savings, with 22% being the average for most singles. The average amount of money that singles are able to save is 740 YER with 82 YER and 4,900 YER being the minimum and maximum respectively.

Couples

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for couples

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 11% to 33% of their monthly income, with 20% being the average for most couples. The average amount of money that couples can save is 1,200 YER with 410 YER and 6,500 YER being the minimum and maximum respectively.

Families

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for families

Interpretation and Analysis

Families in Aden can save anywhere between 9.9% to 30% of their monthly income, with 18% being the average for most families. The average amount of money that families can put aside is 1,600 YER with 570 YER and 11,000 YER being the minimum and maximum respectively.

Saving Challenges in Aden

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Aden. Listed below are the answers given by the survey participants.

Around 4% of the people said that their salary is too low to accommodate a portion for savings while 7% said that the high cost of living leaves little room for savings. 11% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 22% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 14% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 2% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Typical saving choices for people in Aden

Where do people choose to put their savings?

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

• 50% for needs and financial obligations

  This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

• 30% for wants and discretionary spending

  This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

• 20% for savings and emergency fund

  This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

Affordable living in Aden

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Aden?

Around 43% of surveyed residents think that living in Aden is affordable with proper budgeting while 57% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Aden

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options56%

Few low-cost options44%

Based on the survey, 56% of the people living in Aden have no problem finding low-cost alternatives to support a frugal lifestyle while 44% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Aden whether they have an emergency fund and the answers were as follows.

Yes39%

No61%

Based on the survey, 61% of the people living in Aden said that they don't have an emergency fund while 39% said that they do.

Financial Literacy in Yemen

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy34%

We asked residents of Yemen whether they acquired any adequate personal financial training in their lives. Approximately 66% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 34% said that they know about the general principles of personal finance from sources other than their own experience.

Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Yemen have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 68% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 32% said that they have everything under control.

Struggles with finance68%

Easily manages finances32%

Financial goals of people in Aden

In an attempt to understand the economic situation in Aden, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.

Around 9% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 47% said their number one priority is to pay off high-interest debt or loans and improve credit. 11% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 6% reported that their priority is saving for the tuition fees and education costs of their children while 19% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 5% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 16% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Aden

What does the retirement lifestyle look like in Aden and how much retirement savings are required?

Retirement age

The retirement age for most employees in Yemen is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.

Retirement Income Distribution

We asked residents of Aden about their retirement income sources and below are the results.

Retirement Monthly Expenses in Aden

Debt, loans, and mortgages in Aden

Percentage of people who are in debt

According to the survey, 40% of the people in Aden have some kind of debt, loan, mortgage, or credit card payments while 60% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Aden

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 35% of the people's monthly income in Aden goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 4% of the debtors in Aden pay 60%+ of their income as debt settlement while 21% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 16% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 18% dedicated 30% to 40% of income for same. Things are looking brighter for 8% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Aden

6% of debtors in Aden confirm that real estate mortgages constitutes the main part of their outstanding debt while 32% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 12% of people and personal loans rose at 46%. Lastly, student loans are the main source of debt for 4% of debtors in Aden.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.

Loan Affordability Index in Aden

Besides measuring the loan-to-income ratio, we asked residents of Aden how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Housing costs, accommodation, and housing affordability in Aden

Rent Cost in Aden

Monthly Rent Prices

Studio apartment monthly rent cost

320 YER

470 YER

1,300 YER

MINIMUM

AVERAGE

MAXIMUM

$1.3

$1.9

$5

1-bedroom apartment monthly rent cost

470 YER

760 YER

1,900 YER

MINIMUM

AVERAGE

MAXIMUM

$1.9

$3

$7.6

2-bedroom apartment monthly rent cost

630 YER

950 YER

2,500 YER

MINIMUM

AVERAGE

MAXIMUM

$2.5

$3.8

$10

3-bedroom apartment monthly rent cost

760 YER

1,300 YER

3,400 YER

MINIMUM

AVERAGE

MAXIMUM

$3

$5

$14

Furnished apartment monthly rent cost

1,500 YER

3,800 YER

7,600 YER

MINIMUM

AVERAGE

MAXIMUM

$6

$15

$30

Townhouse monthly rent cost

1,300 YER

1,900 YER

5,400 YER

MINIMUM

AVERAGE

MAXIMUM

$5

$7.6

$22

House monthly rent cost

1,500 YER

3,800 YER

7,600 YER

MINIMUM

AVERAGE

MAXIMUM

$6

$15

$30

Villa monthly rent cost

1,900 YER

4,700 YER

7,600 YER

MINIMUM

AVERAGE

MAXIMUM

$7.6

$19

$30

The monthly rental cost of a studio apartment in Aden ranges between 320 YER and 1,300 YER, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 470 YER to 1,900 YER. Two-bedroom rentals rate ranges between 630 YER and 2,500 YER per month. The monthly rental for a three-bedroom apartment ranges from 760 YER to 3,400 YER. The average rent of a townhouse in Aden is around 1,900 YER while house rental costs can be as high as 3,800 YER per month. Finally, if you want to rent a villa, expect to pay anywhere from 1,900 YER to 7,600 YER per month.

Apartment and house prices in Aden

Cost of buying a property

Studio apartment price

63,000 YER

95,000 YER

190,000 YER

MINIMUM

AVERAGE

MAXIMUM

$250

$380

$760

1-bedroom apartment price

76,000 YER

130,000 YER

470,000 YER

MINIMUM

AVERAGE

MAXIMUM

$300

$500

$1,900

2-bedroom apartment price

130,000 YER

380,000 YER

760,000 YER

MINIMUM

AVERAGE

MAXIMUM

$500

$1,500

$3,000

3-bedroom apartment price

420,000 YER

630,000 YER

1.9M YER

MINIMUM

AVERAGE

MAXIMUM

$1,700

$2,500

$7,600

Townhouse price

540,000 YER

1.3M YER

4.7M YER

MINIMUM

AVERAGE

MAXIMUM

$2,200

$5,000

$19,000

House price

630,000 YER

3.8M YER

5.4M YER

MINIMUM

AVERAGE

MAXIMUM

$2,500

$15,000

$22,000

Villa price

760,000 YER

4.2M YER

6.3M YER

MINIMUM

AVERAGE

MAXIMUM

$3,000

$17,000

$25,000

The average price of a studio apartment in Aden can range from 63,000 YER to 190,000 YER depending on location. One bedroom cost can be anywhere from 76,000 YER to 470,000 YER. A villa can cost you 4.2M YER on average with prices ranging from 760,000 YER to 6.3M YER.

House / apartment prices to income ratio

Property prices in Aden can be x92 to x210 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x92 multiples of the average monthly salary in Aden.

Rent to income ratio

The average rent-to-income ratio in Aden is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 20% to 42% depending on the salary, location, and type of property.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Aden

Energy, electricity, water, gas, internet, and mobile cost in Aden

Utility Bill Cost / Electricity + Water + Gas / Individual

22 YER

160 YER

1,100 YER

MINIMUM

AVERAGE

MAXIMUM

$0.09

$0.64

$4.3

Utility Bill Cost / Electricity + Water + Gas / Couple

59 YER

200 YER

1,300 YER

MINIMUM

AVERAGE

MAXIMUM

$0.24

$0.80

$5.2

Utility Bill Cost / Electricity + Water + Gas / Family

100 YER

300 YER

1,900 YER

MINIMUM

AVERAGE

MAXIMUM

$0.41

$1.2

$7.7

Internet and cable cost

17 YER

34 YER

46 YER

MINIMUM

AVERAGE

MAXIMUM

$0.07

$0.14

$0.18

Mobile phone bill and charges

14 YER

23 YER

69 YER

MINIMUM

AVERAGE

MAXIMUM

$0.05

$0.09

$0.27

The average monthly expenditure for individuals on electricty, water, and gas in Aden ranges between 22 YER and 1,100 YER with average being 160 YER, meanwhile the expenditure of couples is slightly higher at 200 YER with 59 YER and 1,300 YER being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 300 YER. The cost of internet and WiFi is unchanged among the three groups and ranges from 17 YER to 46 YER with 34 YER being the average internet bill. Finally, the average monthly mobile charges is around 23 YER but can range between 14 YER and 69 YER depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Aden is around 7.7%. This means that people pay 7.7% of their income for energy, water, internet, and mobile charges. Those figures can range from 4.4% to 12% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Aden

Prices and cost of goods and services in Aden

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

3.4 YER

6.9 YER

11 YER

MINIMUM

AVERAGE

MAXIMUM

$0.01

$0.03

$0.05

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Aden is approximatly 6.9 YER with meal cost ranging from 3.4 YER to 11 YER. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

12 YER

18 YER

36 YER

MINIMUM

AVERAGE

MAXIMUM

$0.05

$0.07

$0.14

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 12 YER and 36 YER with 18 YER being the average price of a plate for one person at a regular restaurant in Aden.

Fine dining meal for one price

24 YER

36 YER

140 YER

MINIMUM

AVERAGE

MAXIMUM

$0.10

$0.14

$0.58

The price range of a meal at fine-dining restaurant is 24 YER to 140 YER with the average cost being 36 YER for one person. This is what you would expect to pay a top-tier diner in Aden.

Beverage prices, cappuccino, latte etc..

2.9 YER

4.6 YER

6.9 YER

MINIMUM

AVERAGE

MAXIMUM

$0.01

$0.02

$0.03

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Aden is around 4.6 YER. Price ranges between 2.9 YER and 6.9 YER depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

2.3 YER

2.8 YER

3.4 YER

MINIMUM

AVERAGE

MAXIMUM

$0.01

$0.01

$0.01

The average price of a large bottle of milk in Aden is 2.8 YER. The maximum what you would pay for milk is 3.4 YER and the minimum being 2.3 YER depending on the brand of milk and other properties.

12 eggs price

1.7 YER

2.3 YER

3.4 YER

MINIMUM

AVERAGE

MAXIMUM

$0.01

$0.01

$0.01

A dozen eggs costs around 2.3 YER on average with 1.7 YER and 3.4 YER being the lower and upper limits respectively.

Fresh whole chicken price

3.9 YER

5.1 YER

7.2 YER

MINIMUM

AVERAGE

MAXIMUM

$0.02

$0.02

$0.03

The price range of a fresh whole chicken in Aden is between 3.9 YER and 7.2 YER depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 5.1 YER.

Pack of beef price

4.6 YER

6.9 YER

14 YER

MINIMUM

AVERAGE

MAXIMUM

$0.02

$0.03

$0.05

The price of a regular pack of beef or meat is around 6.9 YER. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

1.8 YER

2.5 YER

3.6 YER

MINIMUM

AVERAGE

MAXIMUM

$0.01

$0.01

$0.01

A bag of rice in Aden costs around 2.5 YER on average with prices rangeing between 1.8 YER and 3.6 YER depending on the brand and quality.

Bag of tomatos price

0.69 YER

0.92 YER

1.7 YER

MINIMUM

AVERAGE

MAXIMUM

$0.01

$0.01

$0.01

A bag of tomatoes costs anywhere from 0.69 YER to 1.7 YER. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

1.2 YER

1.6 YER

2.6 YER

MINIMUM

AVERAGE

MAXIMUM

$0.01

$0.01

$0.01

A bag of apples costs 1.6 YER on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Aden is around 30%. This means that people spend 30% of their income on grocery and basic household items. The expenditure can range from 21% to 37% depending on salary and location.

Expenditure on food and grocery for every population group

A single person living alone spends approximately 430 YER per month on grocery and food with expenditure fluctuating between 60 YER and 2,800 YER depending on location and the type of person. The average cost of food and groceries for a couple is around 620 YER per month. That number can be get as low as 210 YER or a high as 3,300 YER. Families' spending on grocery ranges from 370 YER to 6,900 YER with the location, income, and size of the family being the most determinite factors.

SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Aden

CoupleAverage monthly living expenditure breaks and spending patterns for couples in Aden

FamilyAverage monthly expenses and break out of spending for families living in Aden

StudentCost of living and expenses break down for students living in Aden