Cost Of Living in Adis Abeba 2024
Average monthly spending for singles, couples, students, and families in Adis Abeba
Whether you're living in Adis Abeba 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.
Average Monthly Expenditure
Currency: ETB
Monthly Expenditure ▶ Single
Currency: ETB
Monthly Expenditure ▶ Couple
Currency: ETB
Monthly Expenditure ▶ Family
Currency: ETB
Monthly Expenditure ▶ Student
Currency: ETB
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Adis Abeba is 6,600 ETB. Expenses can range from 920 ETB at the minimum level to 44,000 ETB at the highest end.
Couples
The average monthly spending of couples in Adis Abeba is 11,000 ETB. Expenditure can range from 3,700 ETB to 59,000 ETB per month.
Families
The average cost of living for families in Adis Abeba is 15,000 ETB per month. Families spend anywhere from 5,100 ETB to 96,000 ETB.
Students
The average monthly expenditure for students in Adis Abeba is 4,900 ETB. Students spend from 740 ETB to 33,000 ETB per month.
Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.
Prices and cost of goods and services in Adis Abeba
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
Fine dining meal for one
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
Average car 1-day rental
Average car price
| 21,000 ETB | 43,000 ETB | 57,000 ETB |
Bus ticket one way
Car Service
Utility cost (monthly)
Utility Bill - Individual
Utility Bill - Couple
| 150 ETB | 500 ETB | 3,200 ETB |
Utility Bill - Family
| 260 ETB | 740 ETB | 4,800 ETB |
Internet and cable
Mobile phone charges
Leisure and activities costs
Movie ticket
One month gym membership
Cloths and accessories costs
Pair of jeans or pants
Woman dress
Woman shoes
Men's shoes
Men suit
Regular t-shirt
Housing costs / monthly rent
Studio apartment
| 790 ETB | 1,200 ETB | 3,100 ETB |
1-bedroom apartment
| 1,200 ETB | 1,900 ETB | 4,700 ETB |
2-bedroom apartment
| 1,600 ETB | 2,400 ETB | 6,300 ETB |
Housing costs / Buying
Studio apartment
| 160,000 ETB | 240,000 ETB | 470,000 ETB |
1-bedroom apartment
| 190,000 ETB | 310,000 ETB | 1.2M ETB |
2-bedroom apartment
| 310,000 ETB | 940,000 ETB | 1.9M ETB |
Furniture Costs
King Size Bed
| 850 ETB | 1,100 ETB | 1,400 ETB |
Double Bed
| 570 ETB | 850 ETB | 1,100 ETB |
Single Bed
Living Room
| 950 ETB | 1,200 ETB | 4,300 ETB |
Dining Table
| 430 ETB | 570 ETB | 1,100 ETB |
Sofa or Couch
| 570 ETB | 780 ETB | 1,700 ETB |
Electronics and House Appliance Costs
TV Set
| 570 ETB | 850 ETB | 1,700 ETB |
Fridge or Freezer
| 500 ETB | 780 ETB | 1,100 ETB |
Washing Machine
| 660 ETB | 950 ETB | 1,700 ETB |
Stove or Cooker
| 610 ETB | 780 ETB | 1,100 ETB |
Mobile Phone
| 710 ETB | 850 ETB | 1,200 ETB |
Laptop or Computer
| 780 ETB | 950 ETB | 1,700 ETB |
Expenditure to Income Ratio in Adis Abeba
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.
Spending to Income Ratio
92%
84% to 100%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 3% |
| 50% - 60% | 7% |
| 60% - 70% | 13% |
| 70% - 80% | 24% |
| 80% - 90% | 23% |
| 90% - 100% | 12% |
| 100% - 110% | 7% |
| 110% - 120% | 4% |
| 120% - 130% | 3% |
| 130% - 140% | 3% |
| > 140% | 2% |
Interpretation and Analysis
The average spending-to-salary ratio in Adis Abeba is 92%
This means that on average, people spend around 92% of their income for living.
According to the distribution table, 13% of the population spend approximately 60% to 70% of their income every month.
How can spending be more than income?
A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.
Individual
83%
Spending-Income-Ratio
76%
91%
Couple
87%
Spending-Income-Ratio
80%
96%
Family
96%
Spending-Income-Ratio
89%
110%
How do people spend their money in Adis Abeba?
We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.
The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.
Housing Expenditure21%
21% of total expenses on average (10% to 29%)
| LOW | $3.9 220 ETB |
| AVERAGE | $51 2,900 ETB |
| HIGH | $510 29,000 ETB |
| Per Month |
People living in Adis Abeba typically spend from 10% to 29% of their total monthly expenditure on housing with 21% being the average. The average spend on housing is 2,900 ETB with expenditure ranging from 220 ETB to 29,000 ETB. 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.
Utilities, Electricity, Water, Internet, Mobile8%
8% of total expenses on average (5% to 12%)
| LOW | $0.65 37 ETB |
| AVERAGE | $8.4 480 ETB |
| HIGH | $84 4,800 ETB |
| Per Month |
Utility expenditure like electricity, water, and gas in Adis Abeba ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 480 ETB with 37 ETB and 4,800 ETB being the upper and lower limits.
Transport, Fuel, Commute6%
6% of total expenses on average (2% to 10%)
| LOW | $1.3 74 ETB |
| AVERAGE | $17 960 ETB |
| HIGH | $170 9,600 ETB |
| Per Month |
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 74 ETB to 9,600 ETB on commuting with 960 ETB 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 2% or as high as 10%.
Food and Groceries Cost29%
29% of total expenses on average (21% to 35%)
| LOW | $3.2 180 ETB |
| AVERAGE | $42 2,400 ETB |
| HIGH | $420 24,000 ETB |
| Per Month |
The average outlay on groceries in a month in Adis Abeba is 2,400 ETB. The cost of groceries can range between 180 ETB to 24,000 ETB. People spend on average about 29% on food and groceries with upper and lower bounds of 21% and 35% respectively.
Healthcare and Medical Services11%
11% of total expenses on average (6% to 14%)
| LOW | $0.91 51 ETB |
| AVERAGE | $12 670 ETB |
| HIGH | $120 6,700 ETB |
| Per Month |
People in Adis Abeba 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 51 ETB to 6,700 ETB with 670 ETB being the norm.
Leisure and Shopping4%
4% of total expenses on average (2% to 8%)
| LOW | $0.52 29 ETB |
| AVERAGE | $6.7 380 ETB |
| HIGH | $67 3,800 ETB |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 29 ETB to 3,800 ETB with 380 ETB being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.
Education and Schooling5%
5% of total expenses on average (3% to 11%)
| LOW | $0.78 44 ETB |
| AVERAGE | $10 570 ETB |
| HIGH | $100 5,700 ETB |
| Per Month |
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 570 ETB per month with 44 ETB being the minimum spent amount and 5,700 ETB being the maximum.
Other Expenses15%
15% of total expenses on average (10% to 22%)
| LOW | $1.7 96 ETB |
| AVERAGE | $22 1,200 ETB |
| HIGH | $220 12,000 ETB |
| Per Month |
How much money can you save in Adis Abeba 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 Adis Abeba manage to save money from their income every month?
Almost 52% of the surveyed people in Adis Abeba said that they can save some money at the end of each month while 48% said that aren't saving anything.
Percentage of people saving money by population group in Adis Abeba
| Group | Savers | Non Savers |
|---|
| Singles | 58% | 42% |
| Couples | 53% | 47% |
| Families | 48% | 52% |
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
Saving to Income Ratio
Average Monthly Saved Amount
210 ETB
$3.6 | 2,700 ETB
$47 | 27,000 ETB
$470 |
For most people, 9.5% to 31% 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 2,700 ETB on average with savings ranging from 210 ETB to 27,000 ETB.
58% of surveyed singles reported some of their income going to savings while 53% of couples said the same. 48% of families confirmed their ability to save money.
How much money do people actually save in Adis Abeba?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Singles
Saving to Income Ratio
Average Monthly Saved Amount
210 ETB
$3.6 | 1,900 ETB
$33 | 12,000 ETB
$220 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 35% |
| 10% - 20% | 27% |
| 20% - 30% | 17% |
| 30% - 40% | 10% |
| 40% - 50% | 8% |
| > 50% | 3% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 13% to 33% 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 1,900 ETB with 210 ETB and 12,000 ETB being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
1,000 ETB
$18 | 3,100 ETB
$55 | 17,000 ETB
$290 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 39% |
| 10% - 20% | 29% |
| 20% - 30% | 20% |
| 30% - 40% | 5% |
| 40% - 50% | 5% |
| > 50% | 2% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 11% to 32% of their monthly income, with 20% being the average for most couples. The average amount of money that couples can save is 3,100 ETB with 1,000 ETB and 17,000 ETB being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
1,400 ETB
$26 | 4,100 ETB
$73 | 27,000 ETB
$470 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 42% |
| 10% - 20% | 32% |
| 20% - 30% | 21% |
| 30% - 40% | 2% |
| 40% - 50% | 2% |
| > 50% | 1% |
Interpretation and Analysis
Families in Adis Abeba can save anywhere between 9.5% to 30% of their monthly income, with 17% being the average for most families. The average amount of money that families can put aside is 4,100 ETB with 1,400 ETB and 27,000 ETB being the minimum and maximum respectively.
Saving Challenges in Adis Abeba
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Adis Abeba. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 4% |
| High Expenses | 7% |
| Debt and Loans | 10% |
| Lack of Budgeting Skills | 12% |
| Impulsive Spending | 13% |
| Financial Emergencies | 8% |
| Living the moment | 5% |
| Will do it later | 23% |
| Inflation | 15% |
| Social Pressure | 2% |
| Market Instability | 1% |
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. 10% 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. 13% blamed impulsive spending as the reason for saving inability. Around 8% 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. 23% 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. 15% 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, 1% blamed market instability and price fluctuations.
Typical saving choices for people in Adis Abeba
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 13% |
| Gold | 15% |
| Savings Accounts | 16% |
| Retirement Accounts | 9% |
| Cash Savings | 24% |
| Real Estate | 8% |
| Investment | 4% |
| Stocks | 3% |
| Bonds | 4% |
| Mutual Funds | 1% |
| Certificates of Deposit | 2% |
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
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Adis Abeba
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Adis Abeba?
Around 44% of surveyed residents think that living in Adis Abeba is affordable with proper budgeting while 56% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Adis Abeba
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 options55%
Few low-cost options45%
Based on the survey, 55% of the people living in Adis Abeba have no problem finding low-cost alternatives to support a frugal lifestyle while 45% 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 Adis Abeba whether they have an emergency fund and the answers were as follows.
Yes41%
No59%
Based on the survey, 59% of the people living in Adis Abeba said that they don't have an emergency fund while 41% said that they do.
Financial Literacy in Ethiopia
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 Leteracy37%
We asked residents of Ethiopia whether they acquired any adequate personal financial training in their lives. Approximately 63% 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 37% 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 Ethiopia have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 63% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 37% said that they have everything under control.
Struggles with finance63%
Easily manages finances37%
Financial goals of people in Adis Abeba
In an attempt to understand the economic situation in Adis Abeba, 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.
| Financial Goal | % People |
|---|
| Emergency Fund | 9% |
| Debt Reduction | 49% |
| Retirement Savings | 12% |
| Education Funding | 6% |
| Homeownership | 19% |
| Investing | 5% |
| Travel or Lifestyle | 4% |
| Healthcare Expenses | 17% |
| Financial Independence | 2% |
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 49% said their number one priority is to pay off high-interest debt or loans and improve credit. 12% 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. 5% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 4% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 17% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Retirement, pension plans, and life after work in Adis Abeba
What does the retirement lifestyle look like in Adis Abeba and how much retirement savings are required?
Retirement age
The retirement age for most employees in Ethiopia 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.
The typical saved amount of money you should have at every age as multiples of monthly salary:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in Adis Abeba:| Age | Amount |
|---|
| 25 | 24,000 ETB |
| 30 | 49,000 ETB |
| 35 | 86,000 ETB |
| 40 | 120,000 ETB |
| 45 | 180,000 ETB |
| 50 | 260,000 ETB |
| 55 | 310,000 ETB |
| 60 | 380,000 ETB |
| 65 | 450,000 ETB |
Retirement Income Distribution
We asked residents of Adis Abeba about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 11% |
| Savings | 24% |
| Investments | 11% |
| Social Security | 6% |
| Annuities | 6% |
| Part-time Job | 18% |
| Real Estate | 19% |
| Dividends and Interest | 6% |
Retirement Monthly Expenses in Adis Abeba 550 ETB
$9.7 | 4,900 ETB
$87 | 33,000 ETB
$580 |
Debt, loans, and mortgages in Adis Abeba
Percentage of people who are in debt
According to the survey, 36% of the people in Adis Abeba have some kind of debt, loan, mortgage, or credit card payments while 64% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Adis Abeba
Debt to income ratio
34%
25% to 43%
( monthly debt payment / monthly income ) x 100
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 34% of the people's monthly income in Adis Abeba goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 4% |
| 50% - 60% | 22% |
| 40% - 50% | 17% |
| 30% - 40% | 19% |
| 20% - 30% | 7% |
| 10% - 20% | 8% |
| 0% - 10% | 24% |
According to our data, 4% of the debtors in Adis Abeba pay 60%+ of their income as debt settlement while 22% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 17% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 19% dedicated 30% to 40% of income for same. Things are looking brighter for 7% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Adis Abeba
| Debt | % People |
|---|
| Real Estate Mortgage | 5% |
| Auto Loan | 10% |
| Student Loan | 5% |
| Credit Card | 33% |
| Personal Loan | 47% |
5% of debtors in Adis Abeba confirm that real estate mortgages constitutes the main part of their outstanding debt while 33% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 10% of people and personal loans rose at 47%. Lastly, student loans are the main source of debt for 5% of debtors in Adis Abeba.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
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 Adis Abeba
Besides measuring the loan-to-income ratio, we asked residents of Adis Abeba 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.
| Frequency | % People |
|---|
| Never | 47% |
| Once a year | 25% |
| Twice a year | 13% |
| Three times a year | 10% |
| Four times a year | 5% |
Housing costs, accommodation, and housing affordability in Adis Abeba
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Adis Abeba
Monthly Rent Prices
Studio apartment monthly rent cost
| 790 ETB | 1,200 ETB | 3,100 ETB |
1-bedroom apartment monthly rent cost
| 1,200 ETB | 1,900 ETB | 4,700 ETB |
2-bedroom apartment monthly rent cost
| 1,600 ETB | 2,400 ETB | 6,300 ETB |
3-bedroom apartment monthly rent cost
| 1,900 ETB | 3,100 ETB | 8,600 ETB |
Furnished apartment monthly rent cost
| 3,800 ETB | 9,400 ETB | 19,000 ETB |
Townhouse monthly rent cost
| 3,100 ETB | 4,700 ETB | 13,000 ETB |
House monthly rent cost
| 3,800 ETB | 9,400 ETB | 19,000 ETB |
Villa monthly rent cost
| 4,700 ETB | 12,000 ETB | 19,000 ETB |
The monthly rental cost of a studio apartment in Adis Abeba ranges between 790 ETB and 3,100 ETB, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 1,200 ETB to 4,700 ETB. Two-bedroom rentals rate ranges between 1,600 ETB and 6,300 ETB per month. The monthly rental for a three-bedroom apartment ranges from 1,900 ETB to 8,600 ETB. The average rent of a townhouse in Adis Abeba is around 4,700 ETB while house rental costs can be as high as 9,400 ETB per month. Finally, if you want to rent a villa, expect to pay anywhere from 4,700 ETB to 19,000 ETB per month.
Apartment and house prices in Adis Abeba
Cost of buying a property
Studio apartment price
| 160,000 ETB | 240,000 ETB | 470,000 ETB |
1-bedroom apartment price
| 190,000 ETB | 310,000 ETB | 1.2M ETB |
2-bedroom apartment price
| 310,000 ETB | 940,000 ETB | 1.9M ETB |
3-bedroom apartment price
Townhouse price
| 1.3M ETB | 3.1M ETB | 12M ETB |
House price
| 1.6M ETB | 9.4M ETB | 13M ETB |
| $28,000 | $170,000 | $240,000 |
Villa price
| $33,000 | $180,000 | $280,000 |
The average price of a studio apartment in Adis Abeba can range from 160,000 ETB to 470,000 ETB depending on location. One bedroom cost can be anywhere from 190,000 ETB to 1.2M ETB. A villa can cost you 10M ETB on average with prices ranging from 1.9M ETB to 16M ETB.
If you're leasing or purchasing, housing costs in Adis Abeba will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio
( average property price / average monthly income ) x 100
| 33 | x90 monthly income | 202 |
Property prices in Adis Abeba can be x90 to x202 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x90 multiples of the average monthly salary in Adis Abeba.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Adis Abeba is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 20% to 41% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
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.
Housing Affordability Index
28% 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 Adis Abeba
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Adis Abeba
Utility Bill Cost / Electricity + Water + Gas / Individual
Utility Bill Cost / Electricity + Water + Gas / Couple
| 150 ETB | 500 ETB | 3,200 ETB |
Utility Bill Cost / Electricity + Water + Gas / Family
| 260 ETB | 740 ETB | 4,800 ETB |
Internet and cable cost
Mobile phone bill and charges
Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.
The average monthly expenditure for individuals on electricty, water, and gas in Adis Abeba ranges between 55 ETB and 2,600 ETB with average being 400 ETB, meanwhile the expenditure of couples is slightly higher at 500 ETB with 150 ETB and 3,200 ETB 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 740 ETB. The cost of internet and WiFi is unchanged among the three groups and ranges from 43 ETB to 110 ETB with 85 ETB being the average internet bill. Finally, the average monthly mobile charges is around 57 ETB but can range between 34 ETB and 170 ETB depending on consumption. Mobile charges include both calling minutes as well as data packages.
Energy / Utility expense to income ratio
( monthly utility expenses / monthly income ) x 100
The average utility-to-income ratio in Adis Abeba is around 7.4%. This means that people pay 7.4% of their income for energy, water, internet, and mobile charges. Those figures can range from 4.2% to 12% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Adis Abeba
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Adis Abeba
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Adis Abeba is approximatly 17 ETB with meal cost ranging from 8.5 ETB to 28 ETB. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 30 ETB and 90 ETB with 45 ETB being the average price of a plate for one person at a regular restaurant in Adis Abeba.
Fine dining meal for one price
The price range of a meal at fine-dining restaurant is 60 ETB to 360 ETB with the average cost being 90 ETB for one person. This is what you would expect to pay a top-tier diner in Adis Abeba.
Beverage prices, cappuccino, latte etc..
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Adis Abeba is around 11 ETB. Price ranges between 7.1 ETB and 17 ETB depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Adis Abeba is 6.8 ETB. The maximum what you would pay for milk is 8.5 ETB and the minimum being 5.7 ETB depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 5.7 ETB on average with 4.3 ETB and 8.5 ETB being the lower and upper limits respectively.
Fresh whole chicken price
The price range of a fresh whole chicken in Adis Abeba is between 9.7 ETB and 18 ETB depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 13 ETB.
Pack of beef price
The price of a regular pack of beef or meat is around 17 ETB. A pack of beef contains around 1Kg or 1lb depending on packing.
Medium bag of rice price
A bag of rice in Adis Abeba costs around 6.3 ETB on average with prices rangeing between 4.6 ETB and 8.9 ETB depending on the brand and quality.
Bag of tomatos price
A bag of tomatoes costs anywhere from 1.7 ETB to 4.3 ETB. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 4 ETB on average. A bag of apples denotes 1Kg or 1lb depending on location.
Grocery and food expenditure to income ratio
( monthly grocery expenses / monthly income ) x 100
The average grocery-to-income ratio in Adis Abeba is around 29%. This means that people spend 29% of their income on grocery and basic household items. The expenditure can range from 20% to 35% depending on salary and location.
Expenditure on food and grocery for every population group
A single person living alone spends approximately 1,100 ETB per month on grocery and food with expenditure fluctuating between 150 ETB and 7,100 ETB depending on location and the type of person. The average cost of food and groceries for a couple is around 1,500 ETB per month. That number can be get as low as 510 ETB or a high as 8,200 ETB. Families' spending on grocery ranges from 930 ETB to 17,000 ETB 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 Adis Abeba
Housing cost for a single person27%
27% of total expenses on average (15% to 39%)
| LOW | $5.9 330 ETB |
| AVERAGE | $42 2,400 ETB |
| HIGH | $280 16,000 ETB |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile9%
9% of total expenses on average (5% to 14%)
| LOW | $0.98 55 ETB |
| AVERAGE | $7 400 ETB |
| HIGH | $47 2,600 ETB |
| Per Month |
Transport and Fuel Cost4%
4% of total expenses on average (2% to 10%)
| LOW | $1.3 74 ETB |
| AVERAGE | $9.3 530 ETB |
| HIGH | $62 3,500 ETB |
| Per Month |
Food and Groceries Cost20%
20% of total expenses on average (14% to 25%)
| LOW | $2.6 150 ETB |
| AVERAGE | $19 1,100 ETB |
| HIGH | $120 7,100 ETB |
| Per Month |
Healthcare Cost13%
13% of total expenses on average (7% to 17%)
| LOW | $1.5 83 ETB |
| AVERAGE | $11 600 ETB |
| HIGH | $70 4,000 ETB |
| Per Month |
Leisure and Shopping Expenditure2%
2% of total expenses on average (1% to 5%)
| LOW | $0.82 46 ETB |
| AVERAGE | $5.8 330 ETB |
| HIGH | $39 2,200 ETB |
| Per Month |
Education Cost1%
1% of total expenses on average (0.00% to 3%)
| LOW | $0.33 18 ETB |
| AVERAGE | $2.3 130 ETB |
| HIGH | $16 880 ETB |
| Per Month |
Other Expenses23%
23% of total expenses on average (15% to 27%)
| LOW | $2.9 170 ETB |
| AVERAGE | $21 1,200 ETB |
| HIGH | $140 7,900 ETB |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Adis Abeba
Housing cost for a couple24%
24% of total expenses on average (17% to 34%)
| LOW | $22 1,300 ETB |
| AVERAGE | $66 3,800 ETB |
| HIGH | $350 20,000 ETB |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile8%
8% of total expenses on average (6% to 12%)
| LOW | $2.6 150 ETB |
| AVERAGE | $8.8 500 ETB |
| HIGH | $57 3,200 ETB |
| Per Month |
Transport and Fuel Cost8%
8% of total expenses on average (2% to 13%)
| LOW | $7.8 440 ETB |
| AVERAGE | $23 1,300 ETB |
| HIGH | $120 7,100 ETB |
| Per Month |
Food and Groceries Cost18%
18% of total expenses on average (13% to 23%)
| LOW | $9.1 510 ETB |
| AVERAGE | $27 1,500 ETB |
| HIGH | $150 8,200 ETB |
| Per Month |
Healthcare Cost15%
15% of total expenses on average (9% to 19%)
| LOW | $7.1 400 ETB |
| AVERAGE | $21 1,200 ETB |
| HIGH | $110 6,500 ETB |
| Per Month |
Leisure and Shopping Cost3%
3% of total expenses on average (0.00% to 6%)
| LOW | $3.9 220 ETB |
| AVERAGE | $12 660 ETB |
| HIGH | $62 3,500 ETB |
| Per Month |
Education Cost1%
1% of total expenses on average (0.00% to 3%)
| LOW | $1.3 74 ETB |
| AVERAGE | $3.9 220 ETB |
| HIGH | $21 1,200 ETB |
| Per Month |
Other Expenses22%
22% of total expenses on average (16% to 28%)
| LOW | $11 630 ETB |
| AVERAGE | $33 1,900 ETB |
| HIGH | $180 10,000 ETB |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Adis Abeba
Housing cost for a family23%
23% of total expenses on average (18% to 33%)
| LOW | $29 1,600 ETB |
| AVERAGE | $83 4,700 ETB |
| HIGH | $540 31,000 ETB |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile6%
6% of total expenses on average (4% to 9%)
| LOW | $4.5 260 ETB |
| AVERAGE | $13 740 ETB |
| HIGH | $84 4,800 ETB |
| Per Month |
Transport and Fuel Expenses4%
4% of total expenses on average (2% to 6%)
| LOW | $9.1 510 ETB |
| AVERAGE | $26 1,500 ETB |
| HIGH | $170 9,600 ETB |
| Per Month |
Food and Groceries Cost22%
22% of total expenses on average (15% to 28%)
| LOW | $16 930 ETB |
| AVERAGE | $47 2,600 ETB |
| HIGH | $300 17,000 ETB |
| Per Month |
Healthcare Expenses12%
12% of total expenses on average (8% to 17%)
| LOW | $8.2 460 ETB |
| AVERAGE | $26 1,500 ETB |
| HIGH | $130 7,700 ETB |
| Per Month |
Leisure and Shopping Cost2%
2% of total expenses on average (0.00% to 6%)
| LOW | $4.5 260 ETB |
| AVERAGE | $13 740 ETB |
| HIGH | $84 4,800 ETB |
| Per Month |
Education Cost13%
13% of total expenses on average (6% to 21%)
| LOW | $13 720 ETB |
| AVERAGE | $36 2,100 ETB |
| HIGH | $240 13,000 ETB |
| Per Month |
Other Expenses17%
17% of total expenses on average (10% to 22%)
| LOW | $7.3 410 ETB |
| AVERAGE | $21 1,200 ETB |
| HIGH | $130 7,700 ETB |
| Per Month |
StudentCost of living and expenses break down for students living in Adis Abeba
Housing costs for Student15%
15% of total expenses on average (10% to 21%)
| LOW | $3.1 180 ETB |
| AVERAGE | $21 1,200 ETB |
| HIGH | $140 7,900 ETB |
| Per Month |
Utilities, Electricity, Water, Internet, and Mobile Expenses7%
7% of total expenses on average (5% to 11%)
| LOW | $0.52 29 ETB |
| AVERAGE | $3.5 200 ETB |
| HIGH | $23 1,300 ETB |
| Per Month |
Transport and Fuel Cost3%
3% of total expenses on average (3% to 9%)
| LOW | $0.91 51 ETB |
| AVERAGE | $6.1 340 ETB |
| HIGH | $41 2,300 ETB |
| Per Month |
Food and Groceries Expenditure24%
24% of total expenses on average (18% to 28%)
| LOW | $2.6 150 ETB |
| AVERAGE | $17 990 ETB |
| HIGH | $120 6,600 ETB |
| Per Month |
Healthcare Cost10%
10% of total expenses on average (7% to 13%)
| LOW | $0.78 44 ETB |
| AVERAGE | $5.2 300 ETB |
| HIGH | $35 2,000 ETB |
| Per Month |
Leisure and Shopping Cost2%
2% of total expenses on average (1% to 6%)
| LOW | $0.65 37 ETB |
| AVERAGE | $4.3 250 ETB |
| HIGH | $29 1,600 ETB |
| Per Month |
Education Cost18%
18% of total expenses on average (11% to 23%)
| LOW | $2.5 140 ETB |
| AVERAGE | $17 940 ETB |
| HIGH | $110 6,200 ETB |
| Per Month |
Other Expenses20%
20% of total expenses on average (14% to 26%)
| LOW | $1.9 110 ETB |
| AVERAGE | $13 740 ETB |
| HIGH | $87 4,900 ETB |
| Per Month |
