Cost Of Living For a Couple in Bujumbura 2024

Average monthly spending for couples in Bujumbura

How much money does a couple need in a month to survive in Bujumbura?

Couples in Bujumbura spend around 1.6M BIF per month on average. Depending on the lifestyle, a couple can survive with a monthly budget as low as 520,000 BIF or as high as 8.3M BIF. Location and income are very important factors and have a huge influence on expenditure and budget.

Couple expenditure to income ratio in Bujumbura

Analysing the how affordable it is for couples to live in Bujumbura

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. Couples usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a couple of four ranges between 70% to 80%.

Couples in Bujumbura spend around 94% of their monthly income. Some couples spend as low as 87% of their income while some as high as 100%.

How do couples spend their money in Bujumbura?

We asked thousands of couples about their spending habits and expenditure break down.

Housing and accomodation expenditure for couples

Couples in Bujumbura typically spend from 20% to 37% of their total monthly expenditure on housing with 27% being the average. The average monthly spend on housing is 530,000 BIF with expenditure ranging from 180,000 BIF to 2.8M BIF. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for couples

Utility expenditure like electricity, water, and gas in Bujumbura ranges from 6% to 12% of total expenses with 8% being the average for most couples. The average monthly cost of utilities is 70,000 BIF with 21,000 BIF and 460,000 BIF being the upper and lower limits for a couple of four.

Transport, fuel, and commute expenditure for couples

Fuel consumption and cost of transport depend heavily on whether a couple resides near school and work, but roughly speaking a couple would expect to spend from 62,000 BIF to 1,000,000 BIF in a month on commuting with 190,000 BIF being the norm for most couples. This means that money spent on transport constitutes about 9% of total spending on average but can go as low as 3% or as high as 14%.

Food, groceries, and basic shopping expenditure for couples

The average outlay on groceries and basic houshold items for a typical couple in a month in Bujumbura is 220,000 BIF. The cost of groceries can range between 73,000 BIF to 1.2M BIF. Couples spend on average about 17% on food and groceries with upper and lower bounds of 12% and 22% respectively.

Healthcare and medical services expenditure for couples

Couples in Bujumbura allocate 8% to 18% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 14%. The range of medical expenses range from 57,000 BIF to 910,000 BIF with 170,000 BIF being the norm for most couples.

Leisure and shopping expenditure for couples

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 31,000 BIF to 500,000 BIF with 94,000 BIF being the average. Speaking of percentages, that equates to 1% to 6% of total expenses with an average of 3% for most couples.

Education and schooling expenditure for couples

Spending on education can vary drastically between different couples. On average, education constitutes 1% of the monthly expenditure of couples with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 31,000 BIF per month with 10,000 BIF being the minimum spent amount and 170,000 BIF being the maximum.

What percentage of couples in Bujumbura are able to save money and how much can they save?

Percentage of couples that reported their ability to save money

Almost 60% of surveyed couples in Bujumbura said that they can save some money at the end of each month while 40% reported that they have to utilize their whole income to survive.

How much money do couples manage to add to their savings?

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for couples

Interpretation and Analysis

Couples that are able to save money can put anywhere from 10% to 33% of their monthly income to their savings, with 19% being the average for most couples. The average monthly amount of money that couples can put aside is 460,000 BIF with 150,000 BIF and 2.5M BIF being the minimum and maximum respectively.

Saving Challenges in Bujumbura

Reasons that make it difficult for couples to save money

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

Around 5% of the couples said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 13% 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% of couples 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. 21% 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. 13% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% 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 couples in Bujumbura

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 Bujumbura

Income and cost of living compatibility

We asked couples one simple question and recorded their answers.

Is it affordable or economical to live in Bujumbura?

Around 55% of surveyed couples think that living in Bujumbura is affordable with proper budgeting while 46% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Bujumbura

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 couples how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options62%

Few low-cost options38%

Based on the survey, 62% of the couples living in Bujumbura have no problem finding low-cost alternatives to support a frugal lifestyle while 38% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Couples

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 couples of Bujumbura whether they have an emergency fund and the answers were as follows.

Yes53%

No47%

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

Financial Literacy in Burundi

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 Leteracy43%

We asked couple guardians and parents in Bujumbura whether they acquired any adequate personal financial training in their lives. Approximately 57% 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 43% 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 couples of Burundi have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 51% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 49% said that they have everything under control.

Struggles with finance51%

Easily manages finances49%

Financial goals of couples in Bujumbura

In an attempt to understand the economic situation in Bujumbura, 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 8% of couples said that their main goal is to establish an emergency fund to cover unexpected expenses while 42% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% 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 7% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 14% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Debt, loans, and mortgages in Bujumbura

Percentage of couples who are in debt

According to the survey, 34% of the couples in Bujumbura have some kind of debt, loan, mortgage, or credit card payments while 66% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Bujumbura

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 36% of a couple's monthly income in Bujumbura goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 3% of the debtors in Bujumbura pay 60%+ of their income as debt settlement while 18% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 14% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 16% dedicated 30% to 40% of income for same. Things are looking brighter for 10% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Bujumbura

8% of debtors in Bujumbura confirm that real estate mortgages constitutes the main part of their outstanding debt while 30% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 15% of people and personal loans rose at 43%. Lastly, student loans are the main source of debt for 4% of debtors in Bujumbura.

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 Bujumbura

Besides measuring the loan-to-income ratio, we asked couples of Bujumbura 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 Bujumbura

Rent Cost in Bujumbura

Monthly Rent Prices

Studio apartment monthly rent cost

110,000 BIF

170,000 BIF

450,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$39

$59

$160

1-bedroom apartment monthly rent cost

170,000 BIF

270,000 BIF

670,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$59

$94

$240

2-bedroom apartment monthly rent cost

220,000 BIF

340,000 BIF

900,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$78

$120

$310

3-bedroom apartment monthly rent cost

270,000 BIF

450,000 BIF

1.2M BIF

MINIMUM

AVERAGE

MAXIMUM

$94

$160

$430

Furnished apartment monthly rent cost

540,000 BIF

1.3M BIF

2.7M BIF

MINIMUM

AVERAGE

MAXIMUM

$190

$470

$940

Townhouse monthly rent cost

450,000 BIF

670,000 BIF

1.9M BIF

MINIMUM

AVERAGE

MAXIMUM

$160

$240

$670

House monthly rent cost

540,000 BIF

1.3M BIF

2.7M BIF

MINIMUM

AVERAGE

MAXIMUM

$190

$470

$940

Villa monthly rent cost

670,000 BIF

1.7M BIF

2.7M BIF

MINIMUM

AVERAGE

MAXIMUM

$240

$590

$940

The monthly rental cost of a studio apartment in Bujumbura ranges between 110,000 BIF and 450,000 BIF, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 170,000 BIF to 670,000 BIF. Two-bedroom rentals rate ranges between 220,000 BIF and 900,000 BIF per month. The monthly rental for a three-bedroom apartment ranges from 270,000 BIF to 1.2M BIF. The average rent of a townhouse in Bujumbura is around 670,000 BIF while house rental costs can be as high as 1.3M BIF per month. Finally, if you want to rent a villa, expect to pay anywhere from 670,000 BIF to 2.7M BIF per month.

Apartment and house prices in Bujumbura

Cost of buying a property

Studio apartment price

22M BIF

34M BIF

67M BIF

MINIMUM

AVERAGE

MAXIMUM

$7,800

$12,000

$24,000

1-bedroom apartment price

27M BIF

45M BIF

170M BIF

MINIMUM

AVERAGE

MAXIMUM

$9,400

$16,000

$59,000

2-bedroom apartment price

45M BIF

130M BIF

270M BIF

MINIMUM

AVERAGE

MAXIMUM

$16,000

$47,000

$94,000

3-bedroom apartment price

150M BIF

220M BIF

670M BIF

MINIMUM

AVERAGE

MAXIMUM

$52,000

$78,000

$240,000

Townhouse price

190M BIF

450M BIF

1,700M BIF

MINIMUM

AVERAGE

MAXIMUM

$67,000

$160,000

$590,000

House price

220M BIF

1,300M BIF

1,900M BIF

MINIMUM

AVERAGE

MAXIMUM

$78,000

$470,000

$670,000

Villa price

270M BIF

1,500M BIF

2,200M BIF

MINIMUM

AVERAGE

MAXIMUM

$94,000

$520,000

$780,000

The average price of a studio apartment in Bujumbura can range from 22M BIF to 67M BIF depending on location. One bedroom cost can be anywhere from 27M BIF to 170M BIF. A villa can cost you 1,500M BIF on average with prices ranging from 270M BIF to 2,200M BIF.

House / apartment prices to income ratio

Property prices in Bujumbura can be x93 to x215 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x93 multiples of the average monthly salary in Bujumbura.

Rent to income ratio

The average rent-to-income ratio in Bujumbura is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 20% to 43% 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 Bujumbura

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

Utility Bill Cost / Electricity + Water + Gas / Couple

21,000 BIF

70,000 BIF

460,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$7.3

$25

$160

Internet and cable cost

6,100 BIF

12,000 BIF

16,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$2.1

$4.3

$5.7

Mobile phone bill and charges

4,900 BIF

8,200 BIF

25,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$1.7

$2.9

$8.6

The average monthly energy and water consumption of couples is around 70,000 BIF. The cost of internet and WiFi ranges from 6,100 BIF to 16,000 BIF with 12,000 BIF being the average internet bill. Finally, the average monthly mobile charges is around 8,200 BIF but can range between 4,900 BIF and 25,000 BIF 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 Bujumbura is around 7.9%. This means that people pay 7.9% of their income for energy, water, internet, and mobile charges. Those figures can range from 4.5% to 13% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Bujumbura

Prices and cost of goods and services in Bujumbura

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

Fast food combo meal price

1,200 BIF

2,500 BIF

4,100 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.43

$0.86

$1.4

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Bujumbura is approximatly 2,500 BIF with meal cost ranging from 1,200 BIF to 4,100 BIF. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

4,300 BIF

6,400 BIF

13,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$1.5

$2.2

$4.5

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 4,300 BIF and 13,000 BIF with 6,400 BIF being the average price of a plate for one person at a regular restaurant in Bujumbura.

Fine dining meal for one price

8,600 BIF

13,000 BIF

52,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$3

$4.5

$18

The price range of a meal at fine-dining restaurant is 8,600 BIF to 52,000 BIF with the average cost being 13,000 BIF for one person. This is what you would expect to pay a top-tier diner in Bujumbura.

Beverage prices, cappuccino, latte etc..

1,000 BIF

1,600 BIF

2,500 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.36

$0.57

$0.86

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Bujumbura is around 1,600 BIF. Price ranges between 1,000 BIF and 2,500 BIF depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

820 BIF

980 BIF

1,200 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.29

$0.34

$0.43

The average price of a large bottle of milk in Bujumbura is 980 BIF. The maximum what you would pay for milk is 1,200 BIF and the minimum being 820 BIF depending on the brand of milk and other properties.

12 eggs price

610 BIF

820 BIF

1,200 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.21

$0.29

$0.43

A dozen eggs costs around 820 BIF on average with 610 BIF and 1,200 BIF being the lower and upper limits respectively.

Fresh whole chicken price

1,400 BIF

1,800 BIF

2,600 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.49

$0.63

$0.89

The price range of a fresh whole chicken in Bujumbura is between 1,400 BIF and 2,600 BIF depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 1,800 BIF.

Pack of beef price

1,600 BIF

2,500 BIF

4,900 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.57

$0.86

$1.7

The price of a regular pack of beef or meat is around 2,500 BIF. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

660 BIF

900 BIF

1,300 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.23

$0.32

$0.45

A bag of rice in Bujumbura costs around 900 BIF on average with prices rangeing between 660 BIF and 1,300 BIF depending on the brand and quality.

Bag of tomatos price

250 BIF

330 BIF

610 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.09

$0.11

$0.21

A bag of tomatoes costs anywhere from 250 BIF to 610 BIF. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

440 BIF

570 BIF

950 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.15

$0.20

$0.33

A bag of apples costs 570 BIF 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 Bujumbura is around 31%. This means that couples spend 31% of their income on grocery and basic household items. The expenditure can range from 22% to 38% depending on salary and location.

Expenditure on food and grocery for couples