Cost Of Living in Djibouti 2024
Average monthly spending for singles, couples, students, and families in Djibouti
Whether you're living in Djibouti 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 Expenditure170,000 DJF
per month$97013,000 DJF $74
$9,700 1.7M DJF
Single120,000 DJF
per month$67040,000 DJF $220
$4,500 790,000 DJF
Couple200,000 DJF
per month$1,10066,000 DJF $370
$5,900 1.1M DJF
Family260,000 DJF
per month$1,50093,000 DJF $520
$8,200 1.5M DJF
Student79,000 DJF
per month$45032,000 DJF $180
$800 140,000 DJF
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Djibouti is 120,000 DJF. Expenses can range from 40,000 DJF at the minimum level to 790,000 DJF at the highest end.
Couples
The average monthly spending of couples in Djibouti is 200,000 DJF. Expenditure can range from 66,000 DJF to 1.1M DJF per month.
Families
The average cost of living for families in Djibouti is 260,000 DJF per month. Families spend anywhere from 93,000 DJF to 1.5M DJF.
Students
The average monthly expenditure for students in Djibouti is 79,000 DJF. Students spend from 32,000 DJF to 140,000 DJF 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 Djibouti
Dining, food, and beverages costs
Large bottle of water
Fast food combo meal
Restaurant meal for one | 590 DJF | 880 DJF | 1,800 DJF |
Fine dining meal for one | 1,200 DJF | 1,800 DJF | 7,100 DJF |
Soda or Soft Drink
Cappuccino or latte Grocery and market costs
Milk large bottle
Loaf of bread
12 eggs
Fresh whole chicken
Beef 1 kg or 1 lb
Rice 1 kg or 1 lb
Tomato 1 kg or 1 lb
Apples 1 kg or 1 lb Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank | 880 DJF | 1,200 DJF | 2,400 DJF |
Average car 1-day rental | 880 DJF | 1,200 DJF | 1,800 DJF |
Average car price | 440,000 DJF | 880,000 DJF | 1.2M DJF |
Bus ticket one way
Car Service | 1,200 DJF | 1,800 DJF | 3,500 DJF |
Utility cost (monthly)
Utility Bill - Individual | 2,400 DJF | 7,100 DJF | 48,000 DJF |
Utility Bill - Couple | 3,300 DJF | 9,900 DJF | 53,000 DJF |
Utility Bill - Family | 2,800 DJF | 7,900 DJF | 44,000 DJF |
Internet and cable | 880 DJF | 1,800 DJF | 2,400 DJF |
Mobile phone charges | 710 DJF | 1,200 DJF | 3,500 DJF |
Leisure and activities costs
Movie ticket
One month gym membership | 1,400 DJF | 1,800 DJF | 3,500 DJF |
Cloths and accessories costs
Pair of jeans or pants | 1,000 DJF | 1,500 DJF | 2,200 DJF |
Woman dress | 980 DJF | 1,400 DJF | 4,400 DJF |
Woman shoes | 930 DJF | 1,300 DJF | 2,900 DJF |
Men's shoes | 800 DJF | 980 DJF | 2,000 DJF |
Men suit | 880 DJF | 1,100 DJF | 5,900 DJF |
Regular t-shirt | 440 DJF | 590 DJF | 1,800 DJF |
Housing costs / monthly rent
Studio apartment | 15,000 DJF | 22,000 DJF | 59,000 DJF |
1-bedroom apartment | 22,000 DJF | 35,000 DJF | 88,000 DJF |
2-bedroom apartment | 29,000 DJF | 44,000 DJF | 120,000 DJF |
Housing costs / Buying
Studio apartment | 2.9M DJF | 4.4M DJF | 8.8M DJF |
1-bedroom apartment | 3.5M DJF | 5.9M DJF | 22M DJF |
2-bedroom apartment Furniture Costs
King Size Bed | 18,000 DJF | 22,000 DJF | 29,000 DJF |
Double Bed | 12,000 DJF | 18,000 DJF | 22,000 DJF |
Single Bed | 10,000 DJF | 14,000 DJF | 18,000 DJF |
Living Room | 20,000 DJF | 25,000 DJF | 88,000 DJF |
Dining Table | 8,800 DJF | 12,000 DJF | 22,000 DJF |
Sofa or Couch | 12,000 DJF | 16,000 DJF | 35,000 DJF |
Electronics and House Appliance Costs
TV Set | 12,000 DJF | 18,000 DJF | 35,000 DJF |
Fridge or Freezer | 10,000 DJF | 16,000 DJF | 22,000 DJF |
Washing Machine | 14,000 DJF | 20,000 DJF | 35,000 DJF |
Stove or Cooker | 13,000 DJF | 16,000 DJF | 22,000 DJF |
Mobile Phone | 15,000 DJF | 18,000 DJF | 25,000 DJF |
Laptop or Computer | 16,000 DJF | 20,000 DJF | 35,000 DJF |
Expenditure to Income Ratio in Djibouti
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
84%
77% to 94%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 6% |
| 50% - 60% | 11% |
| 60% - 70% | 17% |
| 70% - 80% | 26% |
| 80% - 90% | 17% |
| 90% - 100% | 9% |
| 100% - 110% | 5% |
| 110% - 120% | 3% |
| 120% - 130% | 2% |
| 130% - 140% | 2% |
| > 140% | 1% |
Interpretation and Analysis
The average spending-to-salary ratio in Djibouti is 84%
This means that on average, people spend around 84% of their income for living.
According to the distribution table, 17% 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
76%
Spending-Income-Ratio
69%
85%
Couple
80%
Spending-Income-Ratio
73%
89%
Family
88%
Spending-Income-Ratio
81%
99%
How do people spend their money in Djibouti?
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 Expenditure26%
26% of total expenses on average (15% to 34%)
| LOW | $22 4,000 DJF |
| AVERAGE | $290 52,000 DJF |
| HIGH | $2,900 520,000 DJF |
| Per Month |
People living in Djibouti typically spend from 15% to 34% of their total monthly expenditure on housing with 26% being the average. The average spend on housing is 52,000 DJF with expenditure ranging from 4,000 DJF to 520,000 DJF. 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, Water7%
7% of total expenses on average (4% to 11%)
| LOW | $3.7 660 DJF |
| AVERAGE | $48 8,600 DJF |
| HIGH | $480 86,000 DJF |
| Per Month |
Utility expenditure like electricity, water, and gas in Djibouti ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 8,600 DJF with 660 DJF and 86,000 DJF being the upper and lower limits.
Transport, Fuel, Commute8%
8% of total expenses on average (4% to 12%)
| LOW | $7.4 1,300 DJF |
| AVERAGE | $97 17,000 DJF |
| HIGH | $970 170,000 DJF |
| 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 1,300 DJF to 170,000 DJF on commuting with 17,000 DJF being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.
Food and Groceries Cost27%
27% of total expenses on average (19% to 33%)
| LOW | $19 3,300 DJF |
| AVERAGE | $240 43,000 DJF |
| HIGH | $2,400 430,000 DJF |
| Per Month |
The average outlay on groceries in a month in Djibouti is 43,000 DJF. The cost of groceries can range between 3,300 DJF to 430,000 DJF. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.
Healthcare and Medical Services9%
9% of total expenses on average (4% to 12%)
| LOW | $5.2 930 DJF |
| AVERAGE | $68 12,000 DJF |
| HIGH | $680 120,000 DJF |
| Per Month |
People in Djibouti allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 930 DJF to 120,000 DJF with 12,000 DJF being the norm.
Leisure and Shopping5%
5% of total expenses on average (3% to 9%)
| LOW | $3 530 DJF |
| AVERAGE | $39 6,900 DJF |
| HIGH | $390 69,000 DJF |
| 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 530 DJF to 69,000 DJF with 6,900 DJF being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.
Education and Schooling6%
6% of total expenses on average (4% to 12%)
| LOW | $4.5 790 DJF |
| AVERAGE | $58 10,000 DJF |
| HIGH | $580 100,000 DJF |
| 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 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 10,000 DJF per month with 790 DJF being the minimum spent amount and 100,000 DJF being the maximum.
Other Expenses12%
12% of total expenses on average (7% to 19%)
| LOW | $9.7 1,700 DJF |
| AVERAGE | $130 22,000 DJF |
| HIGH | $1,300 220,000 DJF |
| Per Month |
How much money can you save in Djibouti 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 Djibouti manage to save money from their income every month?
Almost 54% of the surveyed people in Djibouti said that they can save some money at the end of each month while 46% said that aren't saving anything.
Percentage of people saving money by population group in Djibouti
| Group | Savers | Non Savers |
|---|
| Singles | 62% | 38% |
| Couples | 57% | 43% |
| Families | 52% | 48% |
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
Saving to Income Ratio
Average Monthly Saved Amount
4,400 DJF
$25 | 57,000 DJF
$320 | 570,000 DJF
$3,200 |
For most people, 11% to 31% of their monthly income is what they can allocate to their savings, with 20% being the average. The amount of money that people can save is approximately 57,000 DJF on average with savings ranging from 4,400 DJF to 570,000 DJF.
62% of surveyed singles reported some of their income going to savings while 57% of couples said the same. 52% of families confirmed their ability to save money.
How much money do people actually save in Djibouti?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Singles
Saving to Income Ratio
Average Monthly Saved Amount
13,000 DJF
$74 | 40,000 DJF
$220 | 260,000 DJF
$1,500 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 29% |
| 10% - 20% | 23% |
| 20% - 30% | 16% |
| 30% - 40% | 16% |
| 40% - 50% | 12% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 14% to 33% of their monthly income to savings, with 24% being the average for most singles. The average amount of money that singles are able to save is 40,000 DJF with 13,000 DJF and 260,000 DJF being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
22,000 DJF
$120 | 66,000 DJF
$370 | 350,000 DJF
$2,000 |
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 who confirmed their ability to save reported saving equivalent to 12% to 32% of their monthly income, with 22% being the average for most couples. The average amount of money that couples can save is 66,000 DJF with 22,000 DJF and 350,000 DJF being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
31,000 DJF
$170 | 88,000 DJF
$500 | 480,000 DJF
$2,700 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 36% |
| 10% - 20% | 28% |
| 20% - 30% | 20% |
| 30% - 40% | 8% |
| 40% - 50% | 6% |
| > 50% | 2% |
Interpretation and Analysis
Families in Djibouti can save anywhere between 11% to 29% of their monthly income, with 18% being the average for most families. The average amount of money that families can put aside is 88,000 DJF with 31,000 DJF and 480,000 DJF 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 Djibouti
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Djibouti?
Around 56% of surveyed residents think that living in Djibouti is affordable with proper budgeting while 44% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Djibouti
People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options55%
Few low-cost options45%
Based on the survey, 55% of the people living in Djibouti have no problem finding low-cost alternatives to support a frugal lifestyle while 45% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Emergency Funds
An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Djibouti whether they have an emergency fund and the answers were as follows.
Yes52%
No48%
Based on the survey, 48% of the people living in Djibouti said that they don't have an emergency fund while 52% said that they do.
Financial Literacy in Djibouti
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 Leteracy51%
We asked residents of Djibouti whether they acquired any adequate personal financial training in their lives. Approximately 49% 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 51% 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 Djibouti have problems or difficulties in managing their expenditures and savings so asked the 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 people in Djibouti
In an attempt to understand the economic situation in Djibouti, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.
| Financial Goal | % People |
|---|
| Emergency Fund | 7% |
| Debt Reduction | 35% |
| Retirement Savings | 8% |
| Education Funding | 8% |
| Homeownership | 17% |
| Investing | 8% |
| Travel or Lifestyle | 10% |
| Healthcare Expenses | 10% |
| Financial Independence | 7% |
Around 7% of those who participated in the survey 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.
Saving Challenges in Djibouti
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Djibouti. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 6% |
| High Expenses | 9% |
| Debt and Loans | 17% |
| Lack of Budgeting Skills | 11% |
| Impulsive Spending | 10% |
| Financial Emergencies | 6% |
| Living the moment | 6% |
| Will do it later | 18% |
| Inflation | 11% |
| Social Pressure | 3% |
| Market Instability | 3% |
Around 6% of the people 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% 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 societal expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.
Typical saving choices for people in Djibouti
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 11% |
| Gold | 11% |
| Savings Accounts | 17% |
| Retirement Accounts | 11% |
| Cash Savings | 17% |
| Real Estate | 10% |
| Investment | 6% |
| Stocks | 6% |
| Bonds | 6% |
| Mutual Funds | 3% |
| Certificates of Deposit | 3% |
Retirement, pension plans, and life after work in Djibouti
What does the retirement lifestyle look like in Djibouti and how much retirement savings are required?
Retirement age
The retirement age for most employees in Djibouti is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.
Retirement planning and savings
There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.
The typical saved amount of money you should have at every age as multiples of monthly salary:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in Djibouti:| Age | Amount |
|---|
| 25 | 460,000 DJF |
| 30 | 920,000 DJF |
| 35 | 1.6M DJF |
| 40 | 2.3M DJF |
| 45 | 3.4M DJF |
| 50 | 4.8M DJF |
| 55 | 5.7M DJF |
| 60 | 7.1M DJF |
| 65 | 8.5M DJF |
Retirement Income Distribution
We asked residents of Djibouti about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 13% |
| Savings | 22% |
| Investments | 13% |
| Social Security | 8% |
| Annuities | 8% |
| Part-time Job | 11% |
| Real Estate | 17% |
| Dividends and Interest | 8% |
Retirement Monthly Expenses in Djibouti 29,000 DJF
$160 | 87,000 DJF
$490 | 580,000 DJF
$3,300 |
Debt, loans, and mortgages in Djibouti
Percentage of people who are in debt
According to the survey, 33% of the people in Djibouti 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 Djibouti
Debt to income ratio
29%
21% to 39%
( 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 29% of the people's monthly income in Djibouti goes to debt settlement.
Debt levelsMonthly 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 Djibouti 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 Djibouti
| Debt | % People |
|---|
| Real Estate Mortgage | 12% |
| Auto Loan | 21% |
| Student Loan | 3% |
| Credit Card | 26% |
| Personal Loan | 38% |
12% of debtors in Djibouti 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 Djibouti.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
Good debt vs. Bad debt
Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.
Loan Affordability Index in Djibouti
Besides measuring the loan-to-income ratio, we asked residents of Djibouti how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.
Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.
| Frequency | % People |
|---|
| Never | 54% |
| Once a year | 22% |
| Twice a year | 12% |
| Three times a year | 8% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Djibouti
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Djibouti
Monthly Rent Prices
Studio apartment | 15,000 DJF | 22,000 DJF | 59,000 DJF |
1-bedroom apartment | 22,000 DJF | 35,000 DJF | 88,000 DJF |
2-bedroom apartment | 29,000 DJF | 44,000 DJF | 120,000 DJF |
3-bedroom apartment | 35,000 DJF | 59,000 DJF | 160,000 DJF |
Furnished apartment | 71,000 DJF | 180,000 DJF | 350,000 DJF |
Townhouse | 59,000 DJF | 88,000 DJF | 250,000 DJF |
House | 71,000 DJF | 180,000 DJF | 350,000 DJF |
Villa | 88,000 DJF | 220,000 DJF | 350,000 DJF |
The monthly rental cost of a studio apartment in Djibouti ranges between 15,000 DJF and 59,000 DJF, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 22,000 DJF to 88,000 DJF. Two-bedroom rentals rate ranges between 29,000 DJF and 120,000 DJF per month. The monthly rental for a three-bedroom apartment ranges from 35,000 DJF to 160,000 DJF. The average rent of a townhouse in Djibouti is around 88,000 DJF while house rental costs can be as high as 180,000 DJF per month. Finally, if you want to rent a villa, expect to pay anywhere from 88,000 DJF to 350,000 DJF per month.
Apartment and house prices in Djibouti
Cost of buying a property
Studio apartment | 2.9M DJF | 4.4M DJF | 8.8M DJF |
1-bedroom apartment | 3.5M DJF | 5.9M DJF | 22M DJF |
2-bedroom apartment
3-bedroom apartment | $110,000 | $170,000 | $500,000 |
Townhouse
House | 29M DJF | 180M DJF | 250M DJF |
Villa | 35M DJF | 200M DJF | 290M DJF |
The average price of a studio apartment in Djibouti can range from 2.9M DJF to 8.8M DJF depending on location. One bedroom cost can be anywhere from 3.5M DJF to 22M DJF. A villa can cost you 200M DJF on average with prices ranging from 35M DJF to 290M DJF.
If you're leasing or purchasing, housing costs in Djibouti 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 | x109 monthly income | 205 |
Property prices in Djibouti can be x109 to x205 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x109 multiples of the average monthly salary in Djibouti.
Rent to income ratio
Rent to income ratio( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Djibouti is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 21% 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
29% 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.
| 260 DJF | 3,400 DJF | 34,000 DJF |
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.
SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Djibouti
Housing32%
32% of total expenses on average (20% to 44%)
| LOW | $80 14,000 DJF |
| AVERAGE | $240 43,000 DJF |
| HIGH | $1,600 290,000 DJF |
| Per Month |
Utilities, Electricity, Water8%
8% of total expenses on average (4% to 13%)
| LOW | $13 2,400 DJF |
| AVERAGE | $40 7,100 DJF |
| HIGH | $270 48,000 DJF |
| Per Month |
Transport, Fuel6%
6% of total expenses on average (4% to 12%)
| LOW | $18 3,200 DJF |
| AVERAGE | $54 9,500 DJF |
| HIGH | $360 63,000 DJF |
| Per Month |
Food and Groceries18%
18% of total expenses on average (12% to 23%)
| LOW | $36 6,300 DJF |
| AVERAGE | $110 19,000 DJF |
| HIGH | $710 130,000 DJF |
| Per Month |
Healthcare11%
11% of total expenses on average (5% to 15%)
| LOW | $20 3,600 DJF |
| AVERAGE | $60 11,000 DJF |
| HIGH | $400 71,000 DJF |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (3% to 6%)
| LOW | $11 2,000 DJF |
| AVERAGE | $33 6,000 DJF |
| HIGH | $220 40,000 DJF |
| Per Month |
Education2%
2% of total expenses on average (1% to 4%)
| LOW | $4.5 790 DJF |
| AVERAGE | $13 2,400 DJF |
| HIGH | $89 16,000 DJF |
| Per Month |
Other Expenses20%
20% of total expenses on average (12% to 24%)
| LOW | $40 7,100 DJF |
| AVERAGE | $120 21,000 DJF |
| HIGH | $800 140,000 DJF |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Djibouti
Housing29%
29% of total expenses on average (22% to 39%)
| LOW | $120 22,000 DJF |
| AVERAGE | $370 65,000 DJF |
| HIGH | $2,000 350,000 DJF |
| Per Month |
Utilities, Electricity, Water7%
7% of total expenses on average (5% to 11%)
| LOW | $19 3,300 DJF |
| AVERAGE | $56 9,900 DJF |
| HIGH | $300 53,000 DJF |
| Per Month |
Transport, Fuel10%
10% of total expenses on average (4% to 15%)
| LOW | $45 7,900 DJF |
| AVERAGE | $130 24,000 DJF |
| HIGH | $710 130,000 DJF |
| Per Month |
Food and Groceries16%
16% of total expenses on average (11% to 21%)
| LOW | $52 9,300 DJF |
| AVERAGE | $160 28,000 DJF |
| HIGH | $830 150,000 DJF |
| Per Month |
Healthcare13%
13% of total expenses on average (7% to 17%)
| LOW | $41 7,300 DJF |
| AVERAGE | $120 22,000 DJF |
| HIGH | $650 120,000 DJF |
| Per Month |
Leisure, Shopping4%
4% of total expenses on average (2% to 7%)
| LOW | $22 4,000 DJF |
| AVERAGE | $67 12,000 DJF |
| HIGH | $360 63,000 DJF |
| Per Month |
Education2%
2% of total expenses on average (1% to 4%)
| LOW | $7.4 1,300 DJF |
| AVERAGE | $22 4,000 DJF |
| HIGH | $120 21,000 DJF |
| Per Month |
Other Expenses19%
19% of total expenses on average (13% to 25%)
| LOW | $63 11,000 DJF |
| AVERAGE | $190 34,000 DJF |
| HIGH | $1,000 180,000 DJF |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Djibouti
Housing28%
28% of total expenses on average (23% to 38%)
| LOW | $170 30,000 DJF |
| AVERAGE | $480 85,000 DJF |
| HIGH | $2,600 470,000 DJF |
| Per Month |
Transport, Fuel6%
6% of total expenses on average (4% to 8%)
| LOW | $42 7,400 DJF |
| AVERAGE | $120 21,000 DJF |
| HIGH | $650 120,000 DJF |
| Per Month |
Food and Groceries20%
20% of total expenses on average (13% to 26%)
| LOW | $94 17,000 DJF |
| AVERAGE | $270 48,000 DJF |
| HIGH | $1,500 260,000 DJF |
| Per Month |
Healthcare10%
10% of total expenses on average (6% to 15%)
| LOW | $42 7,400 DJF |
| AVERAGE | $120 21,000 DJF |
| HIGH | $650 120,000 DJF |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $26 4,600 DJF |
| AVERAGE | $74 13,000 DJF |
| HIGH | $410 73,000 DJF |
| Per Month |
Education14%
14% of total expenses on average (7% to 22%)
| LOW | $73 13,000 DJF |
| AVERAGE | $210 37,000 DJF |
| HIGH | $1,100 200,000 DJF |
| Per Month |
Other Expenses14%
14% of total expenses on average (7% to 19%)
| LOW | $62 11,000 DJF |
| AVERAGE | $180 32,000 DJF |
| HIGH | $980 170,000 DJF |
| Per Month |
StudentCost of living and expenses break down for students living in Djibouti
Housing20%
20% of total expenses on average (15% to 26%)
| LOW | $43 7,600 DJF |
| AVERAGE | $110 19,000 DJF |
| HIGH | $190 34,000 DJF |
| Per Month |
Utilities, Electricity, Water6%
6% of total expenses on average (4% to 10%)
| LOW | $7.1 1,300 DJF |
| AVERAGE | $18 3,200 DJF |
| HIGH | $32 5,700 DJF |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (5% to 11%)
| LOW | $12 2,200 DJF |
| AVERAGE | $31 5,600 DJF |
| HIGH | $56 10,000 DJF |
| Per Month |
Food and Groceries22%
22% of total expenses on average (16% to 26%)
| LOW | $36 6,300 DJF |
| AVERAGE | $89 16,000 DJF |
| HIGH | $160 29,000 DJF |
| Per Month |
Healthcare8%
8% of total expenses on average (5% to 11%)
| LOW | $11 1,900 DJF |
| AVERAGE | $27 4,800 DJF |
| HIGH | $48 8,600 DJF |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $8.9 1,600 DJF |
| AVERAGE | $22 4,000 DJF |
| HIGH | $40 7,100 DJF |
| Per Month |
Education19%
19% of total expenses on average (12% to 24%)
| LOW | $34 6,000 DJF |
| AVERAGE | $85 15,000 DJF |
| HIGH | $150 27,000 DJF |
| Per Month |
Other Expenses17%
17% of total expenses on average (11% to 23%)
| LOW | $27 4,800 DJF |
| AVERAGE | $67 12,000 DJF |
| HIGH | $120 21,000 DJF |
| Per Month |
