Cost Of Living in Dhaka 2024

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

Whether you're living in Dhaka 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

29,000 BDT

per month
$260

2,200 BDT   $20
$2,600   290,000 BDT

Single

20,000 BDT

per month
$180

6,600 BDT   $60
$1,200   130,000 BDT

Couple

33,000 BDT

per month
$300

11,000 BDT   $100
$1,600   180,000 BDT

Family

44,000 BDT

per month
$400

15,000 BDT   $140
$2,200   240,000 BDT

Student

13,000 BDT

per month
$120

5,100 BDT   $46
$210   23,000 BDT
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Dhaka is 20,000 BDT. Expenses can range from 6,600 BDT at the minimum level to 130,000 BDT at the highest end.


Couples

The average monthly spending of couples in Dhaka is 33,000 BDT. Expenditure can range from 11,000 BDT to 180,000 BDT per month.


Families

The average cost of living for families in Dhaka is 44,000 BDT per month. Families spend anywhere from 15,000 BDT to 240,000 BDT.


Students

The average monthly expenditure for students in Dhaka is 13,000 BDT. Students spend from 5,100 BDT to 23,000 BDT 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 Dhaka


Dining, food, and beverages costs


Large bottle of water
3 BDT 3.4 BDT 4 BDT
MINIMUM AVERAGE MAXIMUM
$0.03 $0.03 $0.04
Fast food combo meal
26 BDT 51 BDT 86 BDT
MINIMUM AVERAGE MAXIMUM
$0.23 $0.47 $0.78
Restaurant meal for one
90 BDT 140 BDT 270 BDT
MINIMUM AVERAGE MAXIMUM
$0.82 $1.2 $2.5
Fine dining meal for one
180 BDT 270 BDT 1,100 BDT
MINIMUM AVERAGE MAXIMUM
$1.6 $2.5 $9.9
Soda or Soft Drink
3.7 BDT 4.3 BDT 5.1 BDT
MINIMUM AVERAGE MAXIMUM
$0.03 $0.04 $0.05
Cappuccino or latte
21 BDT 34 BDT 51 BDT
MINIMUM AVERAGE MAXIMUM
$0.20 $0.31 $0.47

Grocery and market costs


Milk large bottle
17 BDT 21 BDT 26 BDT
MINIMUM AVERAGE MAXIMUM
$0.16 $0.19 $0.23
Loaf of bread
3.1 BDT 3.5 BDT 4.1 BDT
MINIMUM AVERAGE MAXIMUM
$0.03 $0.03 $0.04
12 eggs
13 BDT 17 BDT 26 BDT
MINIMUM AVERAGE MAXIMUM
$0.12 $0.16 $0.23
Fresh whole chicken
29 BDT 38 BDT 54 BDT
MINIMUM AVERAGE MAXIMUM
$0.27 $0.34 $0.49
Beef 1 kg or 1 lb
34 BDT 51 BDT 100 BDT
MINIMUM AVERAGE MAXIMUM
$0.31 $0.47 $0.94
Rice 1 kg or 1 lb
14 BDT 19 BDT 27 BDT
MINIMUM AVERAGE MAXIMUM
$0.13 $0.17 $0.24
Tomato 1 kg or 1 lb
5.1 BDT 6.9 BDT 13 BDT
MINIMUM AVERAGE MAXIMUM
$0.05 $0.06 $0.12
Apples 1 kg or 1 lb
9.2 BDT 12 BDT 20 BDT
MINIMUM AVERAGE MAXIMUM
$0.08 $0.11 $0.18

Commute, travel, and transportation costs


20 minutes taxi ride
23 BDT 27 BDT 54 BDT
MINIMUM AVERAGE MAXIMUM
$0.21 $0.25 $0.49
Average car full tank
130 BDT 170 BDT 340 BDT
MINIMUM AVERAGE MAXIMUM
$1.2 $1.6 $3.1
Average car 1-day rental
140 BDT 190 BDT 280 BDT
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $2.6
Average car price
64,000 BDT 130,000 BDT 170,000 BDT
MINIMUM AVERAGE MAXIMUM
$590 $1,200 $1,600
Bus ticket one way
4.7 BDT 7.1 BDT 14 BDT
MINIMUM AVERAGE MAXIMUM
$0.04 $0.06 $0.13
Car Service
190 BDT 280 BDT 570 BDT
MINIMUM AVERAGE MAXIMUM
$1.7 $2.6 $5.2

Utility cost (monthly)


Utility Bill - Individual
400 BDT 1,200 BDT 7,900 BDT
MINIMUM AVERAGE MAXIMUM
$3.6 $11 $72
Utility Bill - Couple
550 BDT 1,700 BDT 8,800 BDT
MINIMUM AVERAGE MAXIMUM
$5 $15 $80
Utility Bill - Family
460 BDT 1,300 BDT 7,300 BDT
MINIMUM AVERAGE MAXIMUM
$4.2 $12 $66
Internet and cable
130 BDT 260 BDT 340 BDT
MINIMUM AVERAGE MAXIMUM
$1.2 $2.3 $3.1
Mobile phone charges
100 BDT 170 BDT 510 BDT
MINIMUM AVERAGE MAXIMUM
$0.94 $1.6 $4.7

Leisure and activities costs


Movie ticket
64 BDT 86 BDT 130 BDT
MINIMUM AVERAGE MAXIMUM
$0.59 $0.78 $1.2
One month gym membership
230 BDT 280 BDT 570 BDT
MINIMUM AVERAGE MAXIMUM
$2.1 $2.6 $5.2

Cloths and accessories costs


Pair of jeans or pants
170 BDT 240 BDT 350 BDT
MINIMUM AVERAGE MAXIMUM
$1.5 $2.2 $3.2
Woman dress
160 BDT 220 BDT 710 BDT
MINIMUM AVERAGE MAXIMUM
$1.4 $2 $6.5
Woman shoes
150 BDT 200 BDT 470 BDT
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $4.3
Men's shoes
130 BDT 160 BDT 310 BDT
MINIMUM AVERAGE MAXIMUM
$1.2 $1.4 $2.9
Men suit
140 BDT 180 BDT 940 BDT
MINIMUM AVERAGE MAXIMUM
$1.3 $1.6 $8.6
Regular t-shirt
71 BDT 94 BDT 280 BDT
MINIMUM AVERAGE MAXIMUM
$0.65 $0.86 $2.6

Housing costs / monthly rent


Studio apartment
2,400 BDT 3,500 BDT 9,400 BDT
MINIMUM AVERAGE MAXIMUM
$22 $32 $86
1-bedroom apartment
3,500 BDT 5,700 BDT 14,000 BDT
MINIMUM AVERAGE MAXIMUM
$32 $52 $130
2-bedroom apartment
4,700 BDT 7,100 BDT 19,000 BDT
MINIMUM AVERAGE MAXIMUM
$43 $65 $170

Housing costs / Buying


Studio apartment
470,000 BDT 710,000 BDT 1.4M BDT
MINIMUM AVERAGE MAXIMUM
$4,300 $6,500 $13,000
1-bedroom apartment
570,000 BDT 940,000 BDT 3.5M BDT
MINIMUM AVERAGE MAXIMUM
$5,200 $8,600 $32,000
2-bedroom apartment
940,000 BDT 2.8M BDT 5.7M BDT
MINIMUM AVERAGE MAXIMUM
$8,600 $26,000 $52,000

Furniture Costs


King Size Bed
2,600 BDT 3,200 BDT 4,300 BDT
MINIMUM AVERAGE MAXIMUM
$23 $29 $39
Double Bed
1,700 BDT 2,600 BDT 3,200 BDT
MINIMUM AVERAGE MAXIMUM
$16 $23 $29
Single Bed
1,500 BDT 2,000 BDT 2,600 BDT
MINIMUM AVERAGE MAXIMUM
$14 $18 $23
Living Room
2,900 BDT 3,700 BDT 13,000 BDT
MINIMUM AVERAGE MAXIMUM
$26 $33 $120
Dining Table
1,300 BDT 1,700 BDT 3,200 BDT
MINIMUM AVERAGE MAXIMUM
$12 $16 $29
Sofa or Couch
1,700 BDT 2,300 BDT 5,100 BDT
MINIMUM AVERAGE MAXIMUM
$16 $21 $47

Electronics and House Appliance Costs


TV Set
1,700 BDT 2,600 BDT 5,100 BDT
MINIMUM AVERAGE MAXIMUM
$16 $23 $47
Fridge or Freezer
1,500 BDT 2,300 BDT 3,200 BDT
MINIMUM AVERAGE MAXIMUM
$14 $21 $29
Washing Machine
2,000 BDT 2,900 BDT 5,100 BDT
MINIMUM AVERAGE MAXIMUM
$18 $26 $47
Stove or Cooker
1,800 BDT 2,300 BDT 3,200 BDT
MINIMUM AVERAGE MAXIMUM
$17 $21 $29
Mobile Phone
2,100 BDT 2,600 BDT 3,700 BDT
MINIMUM AVERAGE MAXIMUM
$20 $23 $33
Laptop or Computer
2,300 BDT 2,900 BDT 5,100 BDT
MINIMUM AVERAGE MAXIMUM
$21 $26 $47

Expenditure to Income Ratio in Dhaka

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

94%

88% to 100%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%3%
50% - 60%8%
60% - 70%14%
70% - 80%24%
80% - 90%22%
90% - 100%12%
100% - 110%6%
110% - 120%4%
120% - 130%3%
130% - 140%3%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Dhaka is 94% This means that on average, people spend around 94% of their income for living. According to the distribution table, 14% 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
85%
Spending-Income-Ratio
79%
94%

Couple
90%
Spending-Income-Ratio
84%
99%

Family
99%
Spending-Income-Ratio
92%
110%

How do people spend their money in Dhaka?

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 Expenditure22%

22% of total expenses on average (11% to 30%)

LOW$6   660 BDT
AVERAGE$78   8,600 BDT
HIGH$780   86,000 BDT
Per Month

People living in Dhaka typically spend from 11% to 30% of their total monthly expenditure on housing with 22% being the average. The average spend on housing is 8,600 BDT with expenditure ranging from 660 BDT to 86,000 BDT. 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, Water8%

8% of total expenses on average (5% to 12%)

LOW$1   110 BDT
AVERAGE$13   1,400 BDT
HIGH$130   14,000 BDT
Per Month

Utility expenditure like electricity, water, and gas in Dhaka ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 1,400 BDT with 110 BDT and 14,000 BDT being the upper and lower limits.

Transport, Fuel, Commute6%

6% of total expenses on average (3% to 10%)

LOW$2   220 BDT
AVERAGE$26   2,900 BDT
HIGH$260   29,000 BDT
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 220 BDT to 29,000 BDT on commuting with 2,900 BDT 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%.

Food and Groceries Cost29%

29% of total expenses on average (21% to 35%)

LOW$5   550 BDT
AVERAGE$65   7,200 BDT
HIGH$650   72,000 BDT
Per Month

The average outlay on groceries in a month in Dhaka is 7,200 BDT. The cost of groceries can range between 550 BDT to 72,000 BDT. 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$1.4   150 BDT
AVERAGE$18   2,000 BDT
HIGH$180   20,000 BDT
Per Month

People in Dhaka 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 150 BDT to 20,000 BDT with 2,000 BDT being the norm.

Leisure and Shopping4%

4% of total expenses on average (2% to 8%)

LOW$0.80   88 BDT
AVERAGE$10   1,100 BDT
HIGH$100   11,000 BDT
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 88 BDT to 11,000 BDT with 1,100 BDT 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$1.2   130 BDT
AVERAGE$16   1,700 BDT
HIGH$160   17,000 BDT
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 1,700 BDT per month with 130 BDT being the minimum spent amount and 17,000 BDT being the maximum.

Other Expenses15%

15% of total expenses on average (10% to 22%)

LOW$2.6   290 BDT
AVERAGE$34   3,700 BDT
HIGH$340   37,000 BDT
Per Month

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


Saving Money
58%
Not Saving
43%

Almost 58% of the surveyed people in Dhaka said that they can save some money at the end of each month while 43% said that aren't saving anything.


Percentage of people saving money by population group in Dhaka

GroupSaversNon Savers
Singles60%40%
Couples55%45%
Families49%51%

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

8.7% 16% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

630 BDT
$5.7
8,200 BDT
$75
82,000 BDT
$750
MINIMUM AVERAGE MAXIMUM

For most people, 8.7% to 30% of their monthly income is what they can allocate to their savings, with 16% being the average. The amount of money that people can save is approximately 8,200 BDT on average with savings ranging from 630 BDT to 82,000 BDT.

60% of surveyed singles reported some of their income going to savings while 55% of couples said the same. 49% of families confirmed their ability to save money.


How much money do people actually save in Dhaka?

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

12% 21% of income 33%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,900 BDT
$17
5,700 BDT
$52
38,000 BDT
$340
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%34%
10% - 20%26%
20% - 30%17%
30% - 40%11%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 12% to 33% of their monthly income to savings, with 21% being the average for most singles. The average amount of money that singles are able to save is 5,700 BDT with 1,900 BDT and 38,000 BDT being the minimum and maximum respectively.


Couples

Saving to Income Ratio

9.8% 18% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

3,200 BDT
$29
9,500 BDT
$86
50,000 BDT
$460
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%38%
10% - 20%28%
20% - 30%20%
30% - 40%6%
40% - 50%6%
> 50%2%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 9.8% to 32% of their monthly income, with 18% being the average for most couples. The average amount of money that couples can save is 9,500 BDT with 3,200 BDT and 50,000 BDT being the minimum and maximum respectively.


Families

Saving to Income Ratio

8.7% 15% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

4,400 BDT
$40
13,000 BDT
$110
69,000 BDT
$630
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%41%
10% - 20%31%
20% - 30%21%
30% - 40%3%
40% - 50%3%
> 50%1%

Interpretation and Analysis

Families in Dhaka can save anywhere between 8.7% to 29% of their monthly income, with 15% being the average for most families. The average amount of money that families can put aside is 13,000 BDT with 4,400 BDT and 69,000 BDT being the minimum and maximum respectively.

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 Dhaka

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Dhaka?


Yes
49%
No
51%

Around 49% of surveyed residents think that living in Dhaka is affordable with proper budgeting while 51% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Dhaka

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 options59%

Few low-cost options41%


Based on the survey, 59% of the people living in Dhaka have no problem finding low-cost alternatives to support a frugal lifestyle while 41% 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 Dhaka whether they have an emergency fund and the answers were as follows.

Yes48%

No52%


Based on the survey, 52% of the people living in Dhaka said that they don't have an emergency fund while 48% said that they do.

Financial Literacy in Bangladesh

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 Leteracy40%


We asked residents of Bangladesh whether they acquired any adequate personal financial training in their lives. Approximately 60% 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 40% 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 Bangladesh have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 54% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 46% said that they have everything under control.

Struggles with finance54%

Easily manages finances46%

Financial goals of people in Dhaka

In an attempt to understand the economic situation in Dhaka, 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 Fund9%
Debt Reduction47%
Retirement Savings11%
Education Funding6%
Homeownership19%
Investing5%
Travel or Lifestyle5%
Healthcare Expenses16%
Financial Independence3%

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

Saving Challenges in Dhaka

Reasons that make it difficult for people to save money

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


Reason% People
Low Income4%
High Expenses7%
Debt and Loans11%
Lack of Budgeting Skills12%
Impulsive Spending13%
Financial Emergencies7%
Living the moment5%
Will do it later22%
Inflation14%
Social Pressure2%
Market Instability2%

Around 4% of the people said that their salary is too low to accommodate a portion for savings while 7% said that the high cost of living leaves little room for savings. 11% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 13% 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 societal expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Typical saving choices for people in Dhaka

Where do people choose to put their savings?


Saving Type% People
Emergency Funds13%
Gold14%
Savings Accounts16%
Retirement Accounts9%
Cash Savings23%
Real Estate9%
Investment5%
Stocks3%
Bonds4%
Mutual Funds2%
Certificates of Deposit2%

Retirement, pension plans, and life after work in Dhaka

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

Retirement age

The retirement age for most employees in Bangladesh 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:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Dhaka:
AgeAmount
2574,000 BDT
30150,000 BDT
35260,000 BDT
40370,000 BDT
45550,000 BDT
50770,000 BDT
55920,000 BDT
601.1M BDT
651.4M BDT

Retirement Income Distribution

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

Source% People
Pensions11%
Savings24%
Investments11%
Social Security6%
Annuities6%
Part-time Job17%
Real Estate19%
Dividends and Interest6%

Retirement Monthly Expenses in Dhaka

4,900 BDT
$45
15,000 BDT
$130
98,000 BDT
$890
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Dhaka


Percentage of people who are in debt


In Debt
33%
Debt Free
67%

According to the survey, 33% of the people in Dhaka have some kind of debt, loan, mortgage, or credit card payments while 67% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Dhaka

Debt to income ratio

35%

27% to 45%

( 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 35% of the people's monthly income in Dhaka goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%4%
50% - 60%21%
40% - 50%16%
30% - 40%18%
20% - 30%8%
10% - 20%9%
0% - 10%24%

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


Distribution by type of debt in Dhaka

Debt% People
Real Estate Mortgage6%
Auto Loan12%
Student Loan4%
Credit Card32%
Personal Loan46%

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


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 Dhaka

Besides measuring the loan-to-income ratio, we asked residents of Dhaka 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
Never48%
Once a year25%
Twice a year13%
Three times a year9%
Four times a year5%

Housing costs, accommodation, and housing affordability in Dhaka

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


Rent Cost in Dhaka

Monthly Rent Prices

Studio apartment
2,400 BDT 3,500 BDT 9,400 BDT
MINIMUM AVERAGE MAXIMUM
$22 $32 $86
1-bedroom apartment
3,500 BDT 5,700 BDT 14,000 BDT
MINIMUM AVERAGE MAXIMUM
$32 $52 $130
2-bedroom apartment
4,700 BDT 7,100 BDT 19,000 BDT
MINIMUM AVERAGE MAXIMUM
$43 $65 $170
3-bedroom apartment
5,700 BDT 9,400 BDT 26,000 BDT
MINIMUM AVERAGE MAXIMUM
$52 $86 $230
Furnished apartment
11,000 BDT 28,000 BDT 57,000 BDT
MINIMUM AVERAGE MAXIMUM
$100 $260 $520
Townhouse
9,400 BDT 14,000 BDT 40,000 BDT
MINIMUM AVERAGE MAXIMUM
$86 $130 $370
House
11,000 BDT 28,000 BDT 57,000 BDT
MINIMUM AVERAGE MAXIMUM
$100 $260 $520
Villa
14,000 BDT 35,000 BDT 57,000 BDT
MINIMUM AVERAGE MAXIMUM
$130 $320 $520

The monthly rental cost of a studio apartment in Dhaka ranges between 2,400 BDT and 9,400 BDT, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 3,500 BDT to 14,000 BDT. Two-bedroom rentals rate ranges between 4,700 BDT and 19,000 BDT per month. The monthly rental for a three-bedroom apartment ranges from 5,700 BDT to 26,000 BDT. The average rent of a townhouse in Dhaka is around 14,000 BDT while house rental costs can be as high as 28,000 BDT per month. Finally, if you want to rent a villa, expect to pay anywhere from 14,000 BDT to 57,000 BDT per month.



Apartment and house prices in Dhaka

Cost of buying a property

Studio apartment
470,000 BDT 710,000 BDT 1.4M BDT
MINIMUM AVERAGE MAXIMUM
$4,300 $6,500 $13,000
1-bedroom apartment
570,000 BDT 940,000 BDT 3.5M BDT
MINIMUM AVERAGE MAXIMUM
$5,200 $8,600 $32,000
2-bedroom apartment
940,000 BDT 2.8M BDT 5.7M BDT
MINIMUM AVERAGE MAXIMUM
$8,600 $26,000 $52,000
3-bedroom apartment
3.1M BDT 4.7M BDT 14M BDT
MINIMUM AVERAGE MAXIMUM
$29,000 $43,000 $130,000
Townhouse
4M BDT 9.4M BDT 35M BDT
MINIMUM AVERAGE MAXIMUM
$37,000 $86,000 $320,000
House
4.7M BDT 28M BDT 40M BDT
MINIMUM AVERAGE MAXIMUM
$43,000 $260,000 $370,000
Villa
5.7M BDT 31M BDT 47M BDT
MINIMUM AVERAGE MAXIMUM
$52,000 $290,000 $430,000

The average price of a studio apartment in Dhaka can range from 470,000 BDT to 1.4M BDT depending on location. One bedroom cost can be anywhere from 570,000 BDT to 3.5M BDT. A villa can cost you 31M BDT on average with prices ranging from 5.7M BDT to 47M BDT.


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


31 x87 monthly income 204
MINIMUM AVERAGE MAXIMUM

Property prices in Dhaka can be x87 to x204 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x87 multiples of the average monthly salary in Dhaka.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 30% of income 41%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Dhaka is around 30%. This means that people pay 30% 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.


FROM
1.8%
AVERAGE
2.8%
TO
3.7%

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.


44 BDT 570 BDT 5,700 BDT
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.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Dhaka

Housing28%

28% of total expenses on average (16% to 40%)

LOW$22   2,400 BDT
AVERAGE$65   7,100 BDT
HIGH$430   48,000 BDT
Per Month

Utilities, Electricity, Water9%

9% of total expenses on average (5% to 14%)

LOW$3.6   400 BDT
AVERAGE$11   1,200 BDT
HIGH$72   7,900 BDT
Per Month

Transport, Fuel4%

4% of total expenses on average (2% to 10%)

LOW$4.8   530 BDT
AVERAGE$14   1,600 BDT
HIGH$96   11,000 BDT
Per Month

Food and Groceries20%

20% of total expenses on average (14% to 25%)

LOW$9.6   1,100 BDT
AVERAGE$29   3,200 BDT
HIGH$190   21,000 BDT
Per Month

Healthcare13%

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

LOW$5.4   590 BDT
AVERAGE$16   1,800 BDT
HIGH$110   12,000 BDT
Per Month

Leisure, Shopping2%

2% of total expenses on average (2% to 5%)

LOW$3   330 BDT
AVERAGE$9   990 BDT
HIGH$60   6,600 BDT
Per Month

Education1%

1% of total expenses on average (0.00% to 3%)

LOW$1.2   130 BDT
AVERAGE$3.6   400 BDT
HIGH$24   2,600 BDT
Per Month

Other Expenses23%

23% of total expenses on average (15% to 27%)

LOW$11   1,200 BDT
AVERAGE$33   3,600 BDT
HIGH$220   24,000 BDT
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Dhaka

Housing25%

25% of total expenses on average (18% to 35%)

LOW$33   3,600 BDT
AVERAGE$99   11,000 BDT
HIGH$530   58,000 BDT
Per Month

Utilities, Electricity, Water8%

8% of total expenses on average (6% to 12%)

LOW$5   550 BDT
AVERAGE$15   1,700 BDT
HIGH$80   8,800 BDT
Per Month

Transport, Fuel8%

8% of total expenses on average (2% to 13%)

LOW$12   1,300 BDT
AVERAGE$36   4,000 BDT
HIGH$190   21,000 BDT
Per Month

Food and Groceries18%

18% of total expenses on average (13% to 23%)

LOW$14   1,500 BDT
AVERAGE$42   4,600 BDT
HIGH$220   25,000 BDT
Per Month

Healthcare15%

15% of total expenses on average (9% to 19%)

LOW$11   1,200 BDT
AVERAGE$33   3,600 BDT
HIGH$180   19,000 BDT
Per Month

Leisure, Shopping3%

3% of total expenses on average (1% to 6%)

LOW$6   660 BDT
AVERAGE$18   2,000 BDT
HIGH$96   11,000 BDT
Per Month

Education1%

1% of total expenses on average (0.00% to 3%)

LOW$2   220 BDT
AVERAGE$6   660 BDT
HIGH$32   3,500 BDT
Per Month

Other Expenses22%

22% of total expenses on average (16% to 28%)

LOW$17   1,900 BDT
AVERAGE$51   5,600 BDT
HIGH$270   30,000 BDT
Per Month


Family
Average monthly expenses and break out of spending for families living in Dhaka

Housing24%

24% of total expenses on average (19% to 34%)

LOW$45   4,900 BDT
AVERAGE$130   14,000 BDT
HIGH$710   78,000 BDT
Per Month

Transport, Fuel4%

4% of total expenses on average (2% to 6%)

LOW$11   1,200 BDT
AVERAGE$32   3,500 BDT
HIGH$180   19,000 BDT
Per Month

Food and Groceries22%

22% of total expenses on average (15% to 28%)

LOW$25   2,800 BDT
AVERAGE$72   7,900 BDT
HIGH$400   44,000 BDT
Per Month

Healthcare12%

12% of total expenses on average (8% to 17%)

LOW$11   1,200 BDT
AVERAGE$32   3,500 BDT
HIGH$180   19,000 BDT
Per Month

Leisure, Shopping2%

2% of total expenses on average (1% to 6%)

LOW$7   770 BDT
AVERAGE$20   2,200 BDT
HIGH$110   12,000 BDT
Per Month

Education13%

13% of total expenses on average (6% to 21%)

LOW$20   2,200 BDT
AVERAGE$56   6,200 BDT
HIGH$310   34,000 BDT
Per Month

Other Expenses17%

17% of total expenses on average (10% to 22%)

LOW$17   1,900 BDT
AVERAGE$48   5,300 BDT
HIGH$260   29,000 BDT
Per Month


Student
Cost of living and expenses break down for students living in Dhaka

Housing16%

16% of total expenses on average (11% to 22%)

LOW$11   1,200 BDT
AVERAGE$28   3,100 BDT
HIGH$50   5,500 BDT
Per Month

Utilities, Electricity, Water7%

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

LOW$1.9   200 BDT
AVERAGE$4.6   510 BDT
HIGH$8.4   920 BDT
Per Month

Transport, Fuel3%

3% of total expenses on average (4% to 9%)

LOW$3.3   360 BDT
AVERAGE$8.1   890 BDT
HIGH$15   1,600 BDT
Per Month

Food and Groceries24%

24% of total expenses on average (18% to 28%)

LOW$9.3   1,000 BDT
AVERAGE$23   2,600 BDT
HIGH$42   4,600 BDT
Per Month

Healthcare10%

10% of total expenses on average (7% to 13%)

LOW$2.8   310 BDT
AVERAGE$7   770 BDT
HIGH$13   1,400 BDT
Per Month

Leisure, Shopping2%

2% of total expenses on average (1% to 6%)

LOW$2.3   260 BDT
AVERAGE$5.8   640 BDT
HIGH$10   1,100 BDT
Per Month

Education18%

18% of total expenses on average (11% to 23%)

LOW$8.8   970 BDT
AVERAGE$22   2,400 BDT
HIGH$40   4,400 BDT
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW$7   770 BDT
AVERAGE$17   1,900 BDT
HIGH$31   3,400 BDT
Per Month
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