Cost Of Living For a Couple in Waterford 2024

Couple cost of living chart - average monthly expenditure in Waterford

Average Monthly Expenditure

Currency: EUR
1,100 3,300 17,000
MINIMUM AVERAGE MAXIMUM
$1,200 $3,600 $19,000

Average monthly spending for couples in Waterford

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

Couples in Waterford spend around 3,300 EUR per month on average. Depending on the lifestyle, a couple can survive with a monthly budget as low as 1,100 EUR or as high as 17,000 EUR. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Waterford


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Waterford

Dining, food, and beverages costs


Fast food combo meal

3.4 EUR 6.8 EUR 11 EUR
MINIMUM AVERAGE MAXIMUM
$3.7 $7.4 $12

Restaurant meal for one

11 EUR 16 EUR 32 EUR
MINIMUM AVERAGE MAXIMUM
$12 $17 $35

Fine dining meal for one

21 EUR 32 EUR 130 EUR
MINIMUM AVERAGE MAXIMUM
$23 $35 $140

Cappuccino or latte

2.8 EUR 4.5 EUR 6.8 EUR
MINIMUM AVERAGE MAXIMUM
$3.1 $4.9 $7.4

Grocery and market costs


Milk large bottle

2.3 EUR 2.7 EUR 3.4 EUR
MINIMUM AVERAGE MAXIMUM
$2.5 $2.9 $3.7

12 eggs

1.7 EUR 2.3 EUR 3.4 EUR
MINIMUM AVERAGE MAXIMUM
$1.8 $2.5 $3.7

Fresh whole chicken

3.9 EUR 5 EUR 7.1 EUR
MINIMUM AVERAGE MAXIMUM
$4.2 $5.4 $7.7

Pack of beef

4.5 EUR 6.8 EUR 14 EUR
MINIMUM AVERAGE MAXIMUM
$4.9 $7.4 $15

Medium bag of rice

1.8 EUR 2.5 EUR 3.5 EUR
MINIMUM AVERAGE MAXIMUM
$2 $2.7 $3.8

Bag of tomatos

0.68 EUR 0.91 EUR 1.7 EUR
MINIMUM AVERAGE MAXIMUM
$0.74 $0.98 $1.8

Bag of apples

1.2 EUR 1.6 EUR 2.6 EUR
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $2.8
Chart showing the prices and cost of commute, travel, and transportation in Waterford


Commute, travel, and transportation costs


20 minutes taxi ride

2.7 EUR 3.2 EUR 6.4 EUR
MINIMUM AVERAGE MAXIMUM
$2.9 $3.5 $7

Average car full tank

17 EUR 23 EUR 45 EUR
MINIMUM AVERAGE MAXIMUM
$18 $25 $49

Average car 1-day rental

15 EUR 20 EUR 31 EUR
MINIMUM AVERAGE MAXIMUM
$17 $22 $33

Average car price

8,500 EUR 17,000 EUR 23,000 EUR
MINIMUM AVERAGE MAXIMUM
$9,200 $18,000 $25,000

Bus ticket one way

0.51 EUR 0.76 EUR 1.5 EUR
MINIMUM AVERAGE MAXIMUM
$0.55 $0.83 $1.7

Car Service

20 EUR 31 EUR 61 EUR
MINIMUM AVERAGE MAXIMUM
$22 $33 $66
Chart showing the prices and cost of utility, energy, water, and gas in Waterford


Utility cost (monthly)


Utility Bill - Couple

44 EUR 150 EUR 960 EUR
MINIMUM AVERAGE MAXIMUM
$47 $160 $1,000

Internet and cable

17 EUR 34 EUR 45 EUR
MINIMUM AVERAGE MAXIMUM
$18 $37 $49

Mobile phone charges

14 EUR 23 EUR 68 EUR
MINIMUM AVERAGE MAXIMUM
$15 $25 $74

Leisure and activities costs


Movie ticket

8.5 EUR 11 EUR 17 EUR
MINIMUM AVERAGE MAXIMUM
$9.2 $12 $18

One month gym membership

24 EUR 31 EUR 61 EUR
MINIMUM AVERAGE MAXIMUM
$27 $33 $66
Chart showing the prices and cost of clothing and accessories in Waterford


Cloths and accessories costs


Pair of jeans or pants

18 EUR 25 EUR 38 EUR
MINIMUM AVERAGE MAXIMUM
$19 $28 $41

Woman dress

17 EUR 23 EUR 76 EUR
MINIMUM AVERAGE MAXIMUM
$18 $25 $83

Woman shoes

16 EUR 22 EUR 51 EUR
MINIMUM AVERAGE MAXIMUM
$17 $24 $55

Men's shoes

14 EUR 17 EUR 34 EUR
MINIMUM AVERAGE MAXIMUM
$15 $18 $37

Men suit

15 EUR 19 EUR 100 EUR
MINIMUM AVERAGE MAXIMUM
$17 $21 $110

Regular t-shirt

7.6 EUR 10 EUR 31 EUR
MINIMUM AVERAGE MAXIMUM
$8.3 $11 $33
Chart showing the prices and cost of housing, accommodation, and rent in Waterford


Housing costs / monthly rent


Studio apartment

250 EUR 380 EUR 1,000 EUR
MINIMUM AVERAGE MAXIMUM
$280 $410 $1,100

1-bedroom apartment

380 EUR 610 EUR 1,500 EUR
MINIMUM AVERAGE MAXIMUM
$410 $660 $1,700

2-bedroom apartment

510 EUR 760 EUR 2,000 EUR
MINIMUM AVERAGE MAXIMUM
$550 $830 $2,200

Housing costs / Buying


Studio apartment

51,000 EUR 76,000 EUR 150,000 EUR
MINIMUM AVERAGE MAXIMUM
$55,000 $83,000 $170,000

1-bedroom apartment

61,000 EUR 100,000 EUR 380,000 EUR
MINIMUM AVERAGE MAXIMUM
$66,000 $110,000 $410,000

2-bedroom apartment

100,000 EUR 310,000 EUR 610,000 EUR
MINIMUM AVERAGE MAXIMUM
$110,000 $330,000 $660,000
Chart showing the prices and cost of furniture in Waterford


Furniture Costs


King Size Bed

340 EUR 420 EUR 570 EUR
MINIMUM AVERAGE MAXIMUM
$370 $460 $610

Double Bed

230 EUR 340 EUR 420 EUR
MINIMUM AVERAGE MAXIMUM
$250 $370 $460

Single Bed

200 EUR 260 EUR 340 EUR
MINIMUM AVERAGE MAXIMUM
$220 $280 $370

Living Room

380 EUR 480 EUR 1,700 EUR
MINIMUM AVERAGE MAXIMUM
$410 $530 $1,800

Dining Table

170 EUR 230 EUR 420 EUR
MINIMUM AVERAGE MAXIMUM
$180 $250 $460

Sofa or Couch

230 EUR 310 EUR 680 EUR
MINIMUM AVERAGE MAXIMUM
$250 $330 $740
Chart showing the prices and cost of electronic devices and appliances in Waterford


Electronics and House Appliance Costs


TV Set

230 EUR 340 EUR 680 EUR
MINIMUM AVERAGE MAXIMUM
$250 $370 $740

Fridge or Freezer

200 EUR 310 EUR 420 EUR
MINIMUM AVERAGE MAXIMUM
$220 $330 $460

Washing Machine

260 EUR 380 EUR 680 EUR
MINIMUM AVERAGE MAXIMUM
$280 $410 $740

Stove or Cooker

240 EUR 310 EUR 420 EUR
MINIMUM AVERAGE MAXIMUM
$260 $330 $460

Mobile Phone

280 EUR 340 EUR 480 EUR
MINIMUM AVERAGE MAXIMUM
$310 $370 $530

Laptop or Computer

310 EUR 380 EUR 680 EUR
MINIMUM AVERAGE MAXIMUM
$330 $410 $740
Couple cost of living and expenditure to income ratio in Waterford

Couple expenditure to income ratio in Waterford

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

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%.


Spending to Income Ratio

71%

64% to 79%

( expenditure / income ) x 100


Couples in Waterford spend around 71% of their monthly income. Some couples spend as low as 64% of their income while some as high as 79%.

Distribution of monthly cost of living expenses of a couple in Waterford

How do couples spend their money in Waterford?

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


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 and accomodation expenditure for couples

Accomodation Cost29%

29% of total expenses on average (22% to 39%)

LOW$400   370 EUR
AVERAGE$1,200   1,100 EUR
HIGH$6,500   5,900 EUR
Per Month

Couples in Waterford typically spend from 22% to 39% of their total monthly expenditure on housing with 29% being the average. The average monthly spend on housing is 1,100 EUR with expenditure ranging from 370 EUR to 5,900 EUR. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Cost of utilities7%

7% of total expenses on average (5% to 11%)

LOW$47   44 EUR
AVERAGE$160   150 EUR
HIGH$1,000   960 EUR
Per Month

Utility expenditure like electricity, water, and gas in Waterford ranges from 5% to 11% of total expenses with 7% being the average for most couples. The average monthly cost of utilities is 150 EUR with 44 EUR and 960 EUR being the upper and lower limits for a couple of four.

Transport, fuel, and commute expenditure for couples

Cost of transport and fuel10%

10% of total expenses on average (4% to 15%)

LOW$140   130 EUR
AVERAGE$430   390 EUR
HIGH$2,300   2,100 EUR
Per Month

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 130 EUR to 2,100 EUR in a month on commuting with 390 EUR being the norm for most couples. This means that money spent on transport constitutes about 10% of total spending on average but can go as low as 4% or as high as 15%.

Food, groceries, and basic shopping expenditure for couples

Food and Groceries Cost16%

16% of total expenses on average (11% to 21%)

LOW$170   150 EUR
AVERAGE$500   460 EUR
HIGH$2,700   2,400 EUR
Per Month

The average outlay on groceries and basic houshold items for a typical couple in a month in Waterford is 460 EUR. The cost of groceries can range between 150 EUR to 2,400 EUR. Couples spend on average about 16% on food and groceries with upper and lower bounds of 11% and 21% respectively.

Healthcare and medical services expenditure for couples

Cost of healthcare13%

13% of total expenses on average (7% to 17%)

LOW$130   120 EUR
AVERAGE$390   360 EUR
HIGH$2,100   1,900 EUR
Per Month

Couples in Waterford allocate 7% to 17% 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 13%. The range of medical expenses range from 120 EUR to 1,900 EUR with 360 EUR being the norm for most couples.

Leisure and shopping expenditure for couples

Cost of leisure and shopping4%

4% of total expenses on average (2% to 7%)

LOW$71   66 EUR
AVERAGE$210   200 EUR
HIGH$1,100   1,000 EUR
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 66 EUR to 1,000 EUR with 200 EUR being the average. Speaking of percentages, that equates to 2% to 7% of total expenses with an average of 4% for most couples.

Education and schooling expenditure for couples

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$24   22 EUR
AVERAGE$71   66 EUR
HIGH$380   350 EUR
Per Month

Spending on education can vary drastically between different couples. On average, education constitutes 2% of the monthly expenditure of couples with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 66 EUR per month with 22 EUR being the minimum spent amount and 350 EUR being the maximum.

Other Expenses19%

19% of total expenses on average (13% to 25%)

LOW$200   190 EUR
AVERAGE$600   560 EUR
HIGH$3,200   3,000 EUR
Per Month
Percentage of couples who manage to save money from their income every month in Waterford

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


Percentage of couples that reported their ability to save money


Saving Money
59%
Not Saving
41%

Almost 59% of surveyed couples in Waterford said that they can save some money at the end of each month while 41% reported that they have to utilize their whole income to survive.


Couple savings to income ratio in Waterford

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.


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

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.

Saving to Income Ratio

11% 19% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

430 EUR
$470
1,300 EUR
$1,400
6,900 EUR
$7,500
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%33%
10% - 20%25%
20% - 30%19%
30% - 40%11%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Couples that are able to save money can put anywhere from 11% to 29% 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 1,300 EUR with 430 EUR and 6,900 EUR being the minimum and maximum respectively.

Reasons that make it difficult for couples to save money in Waterford

Saving Challenges in Waterford

Reasons that make it difficult for couples to save money

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


Reason% People
Low Income6%
High Expenses9%
Debt and Loans17%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the couples said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 17% of the residents said that they are burdened with debt and find it challenging to save money. 11% 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. 10% of couples blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% 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. 11% 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, 3% blamed market instability and price fluctuations.

Where do couples choose to put their savings in Waterford

Typical saving choices for couples in Waterford

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings17%
Real Estate10%
Investment6%
Stocks6%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

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.

Income and cost of living compatibility. Is it affordable or economical for couples to live in Waterford

Affordable living in Waterford

Income and cost of living compatibility

We asked couples one simple question and recorded their answers.

Is it affordable or economical to live in Waterford?


Yes
69%
No
31%

Around 69% of surveyed couples think that living in Waterford is affordable with proper budgeting while 31% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for couples. Are there plenty of low-cost options in Waterford

Low-cost alternatives in Waterford

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 options56%

Few low-cost options44%


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

Emergency Funds 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 Waterford whether they have an emergency fund and the answers were as follows.

Yes68%

No32%


Based on the survey, 32% of the couples living in Waterford said that they don't have an emergency fund while 68% said that they do.

Financial literacy and difficulty in budgeting and financial planning for couples in Waterford

Financial Literacy in Ireland

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 Leteracy71%


We asked couple guardians and parents in Waterford whether they acquired any adequate personal financial training in their lives. Approximately 29% 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 71% 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 Ireland have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 21% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 79% said that they have everything under control.

Struggles with finance21%

Easily manages finances79%

Financial goals and targets of couples living in Waterford

Financial goals of couples in Waterford

In an attempt to understand the economic situation in Waterford, 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 Fund7%
Debt Reduction35%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle10%
Healthcare Expenses10%
Financial Independence8%

Around 7% of couples said that their main goal is to establish an emergency fund to cover unexpected expenses while 35% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 10% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 10% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of couples who are in debt in Waterford

Debt, loans, and mortgages in Waterford


Percentage of couples who are in debt


In Debt
21%
Debt Free
79%

According to the survey, 21% of the couples in Waterford have some kind of debt, loan, mortgage, or credit card payments while 79% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Waterford

Debt-to-income ratio in Waterford

Debt to income ratio

25%

17% to 34%

( 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 25% of a couple's monthly income in Waterford goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%13%
40% - 50%12%
30% - 40%14%
20% - 30%14%
10% - 20%17%
0% - 10%27%

According to our data, 3% of the debtors in Waterford pay 60%+ of their income as debt settlement while 13% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 14% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Waterford

Debt% People
Real Estate Mortgage12%
Auto Loan21%
Student Loan3%
Credit Card26%
Personal Loan38%

12% of debtors in Waterford confirm that real estate mortgages constitutes the main part of their outstanding debt while 26% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 21% of people and personal loans rose at 38%. Lastly, student loans are the main source of debt for 3% of debtors in Waterford.


About credit score and debt management

Managing 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 Waterford

Besides measuring the loan-to-income ratio, we asked couples of Waterford 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
Never54%
Once a year22%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Waterford

Housing costs, accommodation, and housing affordability in Waterford

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Waterford

Monthly Rent Prices

Studio apartment monthly rent cost

250 EUR 380 EUR 1,000 EUR
MINIMUM AVERAGE MAXIMUM
$280 $410 $1,100

1-bedroom apartment monthly rent cost

380 EUR 610 EUR 1,500 EUR
MINIMUM AVERAGE MAXIMUM
$410 $660 $1,700

2-bedroom apartment monthly rent cost

510 EUR 760 EUR 2,000 EUR
MINIMUM AVERAGE MAXIMUM
$550 $830 $2,200

3-bedroom apartment monthly rent cost

610 EUR 1,000 EUR 2,800 EUR
MINIMUM AVERAGE MAXIMUM
$660 $1,100 $3,000

Furnished apartment monthly rent cost

1,200 EUR 3,100 EUR 6,100 EUR
MINIMUM AVERAGE MAXIMUM
$1,300 $3,300 $6,600

Townhouse monthly rent cost

1,000 EUR 1,500 EUR 4,400 EUR
MINIMUM AVERAGE MAXIMUM
$1,100 $1,700 $4,700

House monthly rent cost

1,200 EUR 3,100 EUR 6,100 EUR
MINIMUM AVERAGE MAXIMUM
$1,300 $3,300 $6,600

Villa monthly rent cost

1,500 EUR 3,800 EUR 6,100 EUR
MINIMUM AVERAGE MAXIMUM
$1,700 $4,100 $6,600

The monthly rental cost of a studio apartment in Waterford ranges between 250 EUR and 1,000 EUR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 380 EUR to 1,500 EUR. Two-bedroom rentals rate ranges between 510 EUR and 2,000 EUR per month. The monthly rental for a three-bedroom apartment ranges from 610 EUR to 2,800 EUR. The average rent of a townhouse in Waterford is around 1,500 EUR while house rental costs can be as high as 3,100 EUR per month. Finally, if you want to rent a villa, expect to pay anywhere from 1,500 EUR to 6,100 EUR per month.



Apartment and house prices in Waterford

Cost of buying a property

Studio apartment price

51,000 EUR 76,000 EUR 150,000 EUR
MINIMUM AVERAGE MAXIMUM
$55,000 $83,000 $170,000

1-bedroom apartment price

61,000 EUR 100,000 EUR 380,000 EUR
MINIMUM AVERAGE MAXIMUM
$66,000 $110,000 $410,000

2-bedroom apartment price

100,000 EUR 310,000 EUR 610,000 EUR
MINIMUM AVERAGE MAXIMUM
$110,000 $330,000 $660,000

3-bedroom apartment price

340,000 EUR 510,000 EUR 1.5M EUR
MINIMUM AVERAGE MAXIMUM
$370,000 $550,000 $1.7M

Townhouse price

440,000 EUR 1M EUR 3.8M EUR
MINIMUM AVERAGE MAXIMUM
$470,000 $1.1M $4.1M

House price

510,000 EUR 3.1M EUR 4.4M EUR
MINIMUM AVERAGE MAXIMUM
$550,000 $3.3M $4.7M

Villa price

610,000 EUR 3.4M EUR 5.1M EUR
MINIMUM AVERAGE MAXIMUM
$660,000 $3.7M $5.5M

The average price of a studio apartment in Waterford can range from 51,000 EUR to 150,000 EUR depending on location. One bedroom cost can be anywhere from 61,000 EUR to 380,000 EUR. A villa can cost you 3.4M EUR on average with prices ranging from 610,000 EUR to 5.1M EUR.


If you're leasing or purchasing, housing costs in Waterford 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


38 x111 monthly income 194
MINIMUM AVERAGE MAXIMUM

Property prices in Waterford can be x111 to x194 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x111 multiples of the average monthly salary in Waterford.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 29% of income 38%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Waterford is around 29%. This means that people pay 29% of their income for rent. Those figures can range from 20% to 38% 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
27%

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.


FROM
2.2%
AVERAGE
3.2%
TO
4.2%

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.


4.4 EUR 57 EUR 570 EUR
MINIMUM AVERAGE MAXIMUM

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 Waterford

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / Couple

44 EUR 150 EUR 960 EUR
MINIMUM AVERAGE MAXIMUM
$47 $160 $1,000

Internet and cable cost

17 EUR 34 EUR 45 EUR
MINIMUM AVERAGE MAXIMUM
$18 $37 $49

Mobile phone bill and charges

14 EUR 23 EUR 68 EUR
MINIMUM AVERAGE MAXIMUM
$15 $25 $74

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 energy and water consumption of couples is around 150 EUR. The cost of internet and WiFi ranges from 17 EUR to 45 EUR with 34 EUR being the average internet bill. Finally, the average monthly mobile charges is around 23 EUR but can range between 14 EUR and 68 EUR 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


1.8% 4.5% of income 8.1%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Waterford is around 4.5%. This means that people pay 4.5% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.8% to 8.1% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Waterford

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Waterford

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

Fast food combo meal price

3.4 EUR 6.8 EUR 11 EUR
MINIMUM AVERAGE MAXIMUM
$3.7 $7.4 $12

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Waterford is approximatly 6.8 EUR with meal cost ranging from 3.4 EUR to 11 EUR. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

11 EUR 16 EUR 32 EUR
MINIMUM AVERAGE MAXIMUM
$12 $17 $35

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 11 EUR and 32 EUR with 16 EUR being the average price of a plate for one person at a regular restaurant in Waterford.

Fine dining meal for one price

21 EUR 32 EUR 130 EUR
MINIMUM AVERAGE MAXIMUM
$23 $35 $140

The price range of a meal at fine-dining restaurant is 21 EUR to 130 EUR with the average cost being 32 EUR for one person. This is what you would expect to pay a top-tier diner in Waterford.

Beverage prices, cappuccino, latte etc..

2.8 EUR 4.5 EUR 6.8 EUR
MINIMUM AVERAGE MAXIMUM
$3.1 $4.9 $7.4

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Waterford is around 4.5 EUR. Price ranges between 2.8 EUR and 6.8 EUR depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

2.3 EUR 2.7 EUR 3.4 EUR
MINIMUM AVERAGE MAXIMUM
$2.5 $2.9 $3.7

The average price of a large bottle of milk in Waterford is 2.7 EUR. The maximum what you would pay for milk is 3.4 EUR and the minimum being 2.3 EUR depending on the brand of milk and other properties.

12 eggs price

1.7 EUR 2.3 EUR 3.4 EUR
MINIMUM AVERAGE MAXIMUM
$1.8 $2.5 $3.7

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

Fresh whole chicken price

3.9 EUR 5 EUR 7.1 EUR
MINIMUM AVERAGE MAXIMUM
$4.2 $5.4 $7.7

The price range of a fresh whole chicken in Waterford is between 3.9 EUR and 7.1 EUR depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 5 EUR.

Pack of beef price

4.5 EUR 6.8 EUR 14 EUR
MINIMUM AVERAGE MAXIMUM
$4.9 $7.4 $15

The price of a regular pack of beef or meat is around 6.8 EUR. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

1.8 EUR 2.5 EUR 3.5 EUR
MINIMUM AVERAGE MAXIMUM
$2 $2.7 $3.8

A bag of rice in Waterford costs around 2.5 EUR on average with prices rangeing between 1.8 EUR and 3.5 EUR depending on the brand and quality.

Bag of tomatos price

0.68 EUR 0.91 EUR 1.7 EUR
MINIMUM AVERAGE MAXIMUM
$0.74 $0.98 $1.8

A bag of tomatoes costs anywhere from 0.68 EUR to 1.7 EUR. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

1.2 EUR 1.6 EUR 2.6 EUR
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $2.8

A bag of apples costs 1.6 EUR 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


15% 23% of income 28%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Waterford is around 23%. This means that couples spend 23% of their income on grocery and basic household items. The expenditure can range from 15% to 28% depending on salary and location.


Expenditure on food and grocery for couples

Couples' spending on grocery ranges from 150 EUR to 2,400 EUR with the location, income, and size of the couple being the most determinite factors.

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