Cost Of Living in Annaba 2024

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

Whether you're living in Annaba 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 Annaba is 150,000 DZD. Expenses can range from 22,000 DZD at the minimum level to 1M DZD at the highest end.

Couples

The average monthly spending of couples in Annaba is 260,000 DZD. Expenditure can range from 85,000 DZD to 1.4M DZD per month.

Families

The average cost of living for families in Annaba is 340,000 DZD per month. Families spend anywhere from 120,000 DZD to 2.2M DZD.

Students

The average monthly expenditure for students in Annaba is 110,000 DZD. Students spend from 17,000 DZD to 750,000 DZD per month.

Expenditure to Income Ratio in Annaba

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 Annaba is 87% This means that on average, people spend around 87% 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
78%
Spending-Income-Ratio

---

72%

85%

Couple
82%
Spending-Income-Ratio

---

76%

90%

Family
91%
Spending-Income-Ratio

---

84%

99%

How do people spend their money in Annaba?

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

People living in Annaba typically spend from 11% to 30% of their total monthly expenditure on housing with 22% being the average. The average spend on housing is 66,000 DZD with expenditure ranging from 5,100 DZD to 660,000 DZD. 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 Annaba ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 11,000 DZD with 850 DZD and 110,000 DZD 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 1,700 DZD to 220,000 DZD on commuting with 22,000 DZD 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 Annaba is 55,000 DZD. The cost of groceries can range between 4,300 DZD to 550,000 DZD. People spend on average about 29% on food and groceries with upper and lower bounds of 21% and 35% respectively.

People in Annaba 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 1,200 DZD to 160,000 DZD with 16,000 DZD 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 680 DZD to 89,000 DZD with 8,900 DZD 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 13,000 DZD per month with 1,000 DZD being the minimum spent amount and 130,000 DZD being the maximum.

How much money can you save in Annaba 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 Annaba manage to save money from their income every month?

Almost 58% of the surveyed people in Annaba said that they can save some money at the end of each month while 42% said that aren't saving anything.

Percentage of people saving money by population group in Annaba

Saving to Income Ratio

Average Monthly Saved Amount

For most people, 8% to 28% of their monthly income is what they can allocate to their savings, with 15% being the average. The amount of money that people can save is approximately 69,000 DZD on average with savings ranging from 5,300 DZD to 690,000 DZD.

59% 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 Annaba?

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 11% to 30% of their monthly income to savings, with 19% being the average for most singles. The average amount of money that singles are able to save is 48,000 DZD with 5,300 DZD and 320,000 DZD 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 9% to 29% of their monthly income, with 17% being the average for most couples. The average amount of money that couples can save is 80,000 DZD with 27,000 DZD and 430,000 DZD 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 Annaba can save anywhere between 8% to 27% of their monthly income, with 14% being the average for most families. The average amount of money that families can put aside is 110,000 DZD with 37,000 DZD and 690,000 DZD being the minimum and maximum respectively.

Saving Challenges in Annaba

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Annaba. 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. 12% 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 Annaba

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 Annaba

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Annaba?

Around 53% of surveyed residents think that living in Annaba is affordable with proper budgeting while 47% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Annaba

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 options57%

Few low-cost options43%

Based on the survey, 57% of the people living in Annaba have no problem finding low-cost alternatives to support a frugal lifestyle while 43% 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 Annaba whether they have an emergency fund and the answers were as follows.

Yes53%

No47%

Based on the survey, 47% of the people living in Annaba said that they don't have an emergency fund while 53% said that they do.

Financial Literacy in Algeria

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 Leteracy48%

We asked residents of Algeria whether they acquired any adequate personal financial training in their lives. Approximately 52% 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 48% 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 Algeria have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 44% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 56% said that they have everything under control.

Struggles with finance44%

Easily manages finances56%

Financial goals of people in Annaba

In an attempt to understand the economic situation in Annaba, 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 46% 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 15% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Annaba

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

Retirement age

The retirement age for most employees in Algeria 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 Annaba about their retirement income sources and below are the results.

Retirement Monthly Expenses in Annaba

Debt, loans, and mortgages in Annaba

Percentage of people who are in debt

According to the survey, 28% of the people in Annaba have some kind of debt, loan, mortgage, or credit card payments while 72% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Annaba

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 32% of the people's monthly income in Annaba goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 4% of the debtors in Annaba pay 60%+ of their income as debt settlement while 20% 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 9% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Annaba

7% of debtors in Annaba confirm that real estate mortgages constitutes the main part of their outstanding debt while 31% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 13% of people and personal loans rose at 45%. Lastly, student loans are the main source of debt for 4% of debtors in Annaba.

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 Annaba

Besides measuring the loan-to-income ratio, we asked residents of Annaba 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 Annaba

Rent Cost in Annaba

Monthly Rent Prices

Studio apartment monthly rent cost

19,000 DZD

28,000 DZD

75,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$140

$210

$550

1-bedroom apartment monthly rent cost

28,000 DZD

45,000 DZD

110,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$210

$330

$830

2-bedroom apartment monthly rent cost

37,000 DZD

56,000 DZD

150,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$280

$420

$1,100

3-bedroom apartment monthly rent cost

45,000 DZD

75,000 DZD

200,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$330

$550

$1,500

Furnished apartment monthly rent cost

90,000 DZD

220,000 DZD

450,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$670

$1,700

$3,300

Townhouse monthly rent cost

75,000 DZD

110,000 DZD

320,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$550

$830

$2,400

House monthly rent cost

90,000 DZD

220,000 DZD

450,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$670

$1,700

$3,300

Villa monthly rent cost

110,000 DZD

280,000 DZD

450,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$830

$2,100

$3,300

The monthly rental cost of a studio apartment in Annaba ranges between 19,000 DZD and 75,000 DZD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 28,000 DZD to 110,000 DZD. Two-bedroom rentals rate ranges between 37,000 DZD and 150,000 DZD per month. The monthly rental for a three-bedroom apartment ranges from 45,000 DZD to 200,000 DZD. The average rent of a townhouse in Annaba is around 110,000 DZD while house rental costs can be as high as 220,000 DZD per month. Finally, if you want to rent a villa, expect to pay anywhere from 110,000 DZD to 450,000 DZD per month.

Apartment and house prices in Annaba

Cost of buying a property

Studio apartment price

3.7M DZD

5.6M DZD

11M DZD

MINIMUM

AVERAGE

MAXIMUM

$28,000

$42,000

$83,000

1-bedroom apartment price

4.5M DZD

7.5M DZD

28M DZD

MINIMUM

AVERAGE

MAXIMUM

$33,000

$55,000

$210,000

2-bedroom apartment price

7.5M DZD

22M DZD

45M DZD

MINIMUM

AVERAGE

MAXIMUM

$55,000

$170,000

$330,000

3-bedroom apartment price

25M DZD

37M DZD

110M DZD

MINIMUM

AVERAGE

MAXIMUM

$180,000

$280,000

$830,000

Townhouse price

32M DZD

75M DZD

280M DZD

MINIMUM

AVERAGE

MAXIMUM

$240,000

$550,000

$2.1M

House price

37M DZD

220M DZD

320M DZD

MINIMUM

AVERAGE

MAXIMUM

$280,000

$1.7M

$2.4M

Villa price

45M DZD

250M DZD

370M DZD

MINIMUM

AVERAGE

MAXIMUM

$330,000

$1.8M

$2.8M

The average price of a studio apartment in Annaba can range from 3.7M DZD to 11M DZD depending on location. One bedroom cost can be anywhere from 4.5M DZD to 28M DZD. A villa can cost you 250M DZD on average with prices ranging from 45M DZD to 370M DZD.

House / apartment prices to income ratio

Property prices in Annaba can be x88 to x192 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x88 multiples of the average monthly salary in Annaba.

Rent to income ratio

The average rent-to-income ratio in Annaba is around 29%. This means that people pay 29% of their income for rent. Those figures can range from 19% to 39% 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 Annaba

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

Utility Bill Cost / Electricity + Water + Gas / Individual

1,300 DZD

9,200 DZD

61,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$9.6

$68

$460

Utility Bill Cost / Electricity + Water + Gas / Couple

3,400 DZD

12,000 DZD

75,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$25

$86

$560

Utility Bill Cost / Electricity + Water + Gas / Family

6,000 DZD

17,000 DZD

110,000 DZD

MINIMUM

AVERAGE

MAXIMUM

$44

$130

$820

Internet and cable cost

1,100 DZD

2,100 DZD

2,900 DZD

MINIMUM

AVERAGE

MAXIMUM

$8

$16

$21

Mobile phone bill and charges

860 DZD

1,400 DZD

4,300 DZD

MINIMUM

AVERAGE

MAXIMUM

$6.4

$11

$32

The average monthly expenditure for individuals on electricty, water, and gas in Annaba ranges between 1,300 DZD and 61,000 DZD with average being 9,200 DZD, meanwhile the expenditure of couples is slightly higher at 12,000 DZD with 3,400 DZD and 75,000 DZD 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 17,000 DZD. The cost of internet and WiFi is unchanged among the three groups and ranges from 1,100 DZD to 2,900 DZD with 2,100 DZD being the average internet bill. Finally, the average monthly mobile charges is around 1,400 DZD but can range between 860 DZD and 4,300 DZD 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 Annaba is around 6%. This means that people pay 6% of their income for energy, water, internet, and mobile charges. Those figures can range from 3% to 10% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Annaba

Prices and cost of goods and services in Annaba

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

Fast food combo meal price

210 DZD

430 DZD

720 DZD

MINIMUM

AVERAGE

MAXIMUM

$1.6

$3.2

$5.3

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Annaba is approximatly 430 DZD with meal cost ranging from 210 DZD to 720 DZD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

730 DZD

1,100 DZD

2,200 DZD

MINIMUM

AVERAGE

MAXIMUM

$5.4

$8.2

$16

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 730 DZD and 2,200 DZD with 1,100 DZD being the average price of a plate for one person at a regular restaurant in Annaba.

Fine dining meal for one price

1,500 DZD

2,200 DZD

8,800 DZD

MINIMUM

AVERAGE

MAXIMUM

$11

$16

$65

The price range of a meal at fine-dining restaurant is 1,500 DZD to 8,800 DZD with the average cost being 2,200 DZD for one person. This is what you would expect to pay a top-tier diner in Annaba.

Beverage prices, cappuccino, latte etc..

180 DZD

290 DZD

430 DZD

MINIMUM

AVERAGE

MAXIMUM

$1.3

$2.1

$3.2

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Annaba is around 290 DZD. Price ranges between 180 DZD and 430 DZD depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

140 DZD

170 DZD

210 DZD

MINIMUM

AVERAGE

MAXIMUM

$1.1

$1.3

$1.6

The average price of a large bottle of milk in Annaba is 170 DZD. The maximum what you would pay for milk is 210 DZD and the minimum being 140 DZD depending on the brand of milk and other properties.

12 eggs price

110 DZD

140 DZD

210 DZD

MINIMUM

AVERAGE

MAXIMUM

$0.80

$1.1

$1.6

A dozen eggs costs around 140 DZD on average with 110 DZD and 210 DZD being the lower and upper limits respectively.

Fresh whole chicken price

240 DZD

320 DZD

450 DZD

MINIMUM

AVERAGE

MAXIMUM

$1.8

$2.3

$3.3

The price range of a fresh whole chicken in Annaba is between 240 DZD and 450 DZD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 320 DZD.

Pack of beef price

290 DZD

430 DZD

860 DZD

MINIMUM

AVERAGE

MAXIMUM

$2.1

$3.2

$6.4

The price of a regular pack of beef or meat is around 430 DZD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

120 DZD

160 DZD

220 DZD

MINIMUM

AVERAGE

MAXIMUM

$0.86

$1.2

$1.7

A bag of rice in Annaba costs around 160 DZD on average with prices rangeing between 120 DZD and 220 DZD depending on the brand and quality.

Bag of tomatos price

43 DZD

57 DZD

110 DZD

MINIMUM

AVERAGE

MAXIMUM

$0.32

$0.43

$0.80

A bag of tomatoes costs anywhere from 43 DZD to 110 DZD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

77 DZD

100 DZD

170 DZD

MINIMUM

AVERAGE

MAXIMUM

$0.57

$0.75

$1.2

A bag of apples costs 100 DZD 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 Annaba is around 27%. This means that people spend 27% of their income on grocery and basic household items. The expenditure can range from 19% to 33% depending on salary and location.

Expenditure on food and grocery for every population group

A single person living alone spends approximately 25,000 DZD per month on grocery and food with expenditure fluctuating between 3,400 DZD and 160,000 DZD depending on location and the type of person. The average cost of food and groceries for a couple is around 36,000 DZD per month. That number can be get as low as 12,000 DZD or a high as 190,000 DZD. Families' spending on grocery ranges from 21,000 DZD to 400,000 DZD 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 Annaba

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

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

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