Cost Of Living in Egypt 2024

cost of living chart - average monthly expenditure in Egypt

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

Whether you're living in Egypt 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

Currency: EGP
1,700 23,000 230,000
MINIMUM AVERAGE MAXIMUM
$56 $730 $7,300

Monthly Expenditure ▶ Single

Currency: EGP
2,200 16,000 100,000
MINIMUM AVERAGE MAXIMUM
$71 $510 $3,400

Monthly Expenditure ▶ Couple

Currency: EGP
8,700 26,000 140,000
MINIMUM AVERAGE MAXIMUM
$280 $850 $4,500

Monthly Expenditure ▶ Family

Currency: EGP
12,000 35,000 230,000
MINIMUM AVERAGE MAXIMUM
$390 $1,100 $7,300

Monthly Expenditure ▶ Student

Currency: EGP
1,700 12,000 78,000
MINIMUM AVERAGE MAXIMUM
$56 $380 $2,500
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Egypt is 16,000 EGP. Expenses can range from 2,200 EGP at the minimum level to 100,000 EGP at the highest end.


Couples

The average monthly spending of couples in Egypt is 26,000 EGP. Expenditure can range from 8,700 EGP to 140,000 EGP per month.


Families

The average cost of living for families in Egypt is 35,000 EGP per month. Families spend anywhere from 12,000 EGP to 230,000 EGP.


Students

The average monthly expenditure for students in Egypt is 12,000 EGP. Students spend from 1,700 EGP to 78,000 EGP 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 Egypt


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

Dining, food, and beverages costs


Fast food combo meal

23 EGP 45 EGP 75 EGP
MINIMUM AVERAGE MAXIMUM
$0.73 $1.5 $2.4

Restaurant meal for one

75 EGP 110 EGP 230 EGP
MINIMUM AVERAGE MAXIMUM
$2.4 $3.6 $7.3

Fine dining meal for one

150 EGP 230 EGP 900 EGP
MINIMUM AVERAGE MAXIMUM
$4.9 $7.3 $29

Cappuccino or latte

19 EGP 30 EGP 45 EGP
MINIMUM AVERAGE MAXIMUM
$0.61 $0.97 $1.5

Grocery and market costs


Milk large bottle

15 EGP 18 EGP 23 EGP
MINIMUM AVERAGE MAXIMUM
$0.49 $0.58 $0.73

12 eggs

11 EGP 15 EGP 23 EGP
MINIMUM AVERAGE MAXIMUM
$0.36 $0.49 $0.73

Fresh whole chicken

26 EGP 33 EGP 47 EGP
MINIMUM AVERAGE MAXIMUM
$0.83 $1.1 $1.5

Pack of beef

30 EGP 45 EGP 90 EGP
MINIMUM AVERAGE MAXIMUM
$0.97 $1.5 $2.9

Medium bag of rice

12 EGP 17 EGP 23 EGP
MINIMUM AVERAGE MAXIMUM
$0.39 $0.54 $0.76

Bag of tomatos

4.5 EGP 6 EGP 11 EGP
MINIMUM AVERAGE MAXIMUM
$0.15 $0.19 $0.36

Bag of apples

8 EGP 11 EGP 17 EGP
MINIMUM AVERAGE MAXIMUM
$0.26 $0.34 $0.56
Chart showing the prices and cost of commute, travel, and transportation in Egypt

Commute, travel, and transportation costs


20 minutes taxi ride

19 EGP 23 EGP 45 EGP
MINIMUM AVERAGE MAXIMUM
$0.61 $0.73 $1.5

Average car full tank

110 EGP 150 EGP 300 EGP
MINIMUM AVERAGE MAXIMUM
$3.6 $4.9 $9.7

Average car 1-day rental

110 EGP 150 EGP 230 EGP
MINIMUM AVERAGE MAXIMUM
$3.6 $4.9 $7.3

Average car price

56,000 EGP 110,000 EGP 150,000 EGP
MINIMUM AVERAGE MAXIMUM
$1,800 $3,600 $4,900

Bus ticket one way

3.8 EGP 5.6 EGP 11 EGP
MINIMUM AVERAGE MAXIMUM
$0.12 $0.18 $0.36

Car Service

150 EGP 230 EGP 450 EGP
MINIMUM AVERAGE MAXIMUM
$4.9 $7.3 $15
Chart showing the prices and cost of utility, energy, water, and gas for a family in Egypt

Utility cost (monthly)


Utility Bill - Individual

130 EGP 940 EGP 6,300 EGP
MINIMUM AVERAGE MAXIMUM
$4.3 $30 $200

Utility Bill - Couple

350 EGP 1,200 EGP 7,700 EGP
MINIMUM AVERAGE MAXIMUM
$11 $38 $250

Utility Bill - Family

610 EGP 1,700 EGP 11,000 EGP
MINIMUM AVERAGE MAXIMUM
$20 $56 $370

Internet and cable

110 EGP 230 EGP 300 EGP
MINIMUM AVERAGE MAXIMUM
$3.6 $7.3 $9.7

Mobile phone charges

90 EGP 150 EGP 450 EGP
MINIMUM AVERAGE MAXIMUM
$2.9 $4.9 $15

Leisure and activities costs


Movie ticket

56 EGP 75 EGP 110 EGP
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $3.6

One month gym membership

180 EGP 230 EGP 450 EGP
MINIMUM AVERAGE MAXIMUM
$5.8 $7.3 $15
Chart showing the prices and cost of clothing and accessories in Egypt

Cloths and accessories costs


Pair of jeans or pants

130 EGP 190 EGP 280 EGP
MINIMUM AVERAGE MAXIMUM
$4.3 $6.1 $9.1

Woman dress

130 EGP 170 EGP 560 EGP
MINIMUM AVERAGE MAXIMUM
$4 $5.6 $18

Woman shoes

120 EGP 160 EGP 380 EGP
MINIMUM AVERAGE MAXIMUM
$3.8 $5.2 $12

Men's shoes

100 EGP 130 EGP 250 EGP
MINIMUM AVERAGE MAXIMUM
$3.3 $4 $8.1

Men suit

110 EGP 140 EGP 750 EGP
MINIMUM AVERAGE MAXIMUM
$3.6 $4.6 $24

Regular t-shirt

56 EGP 75 EGP 230 EGP
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $7.3
Chart showing the prices and cost of housing, accommodation, and rent in Egypt

Housing costs / monthly rent


Studio apartment

1,900 EGP 2,800 EGP 7,500 EGP
MINIMUM AVERAGE MAXIMUM
$61 $91 $240

1-bedroom apartment

2,800 EGP 4,500 EGP 11,000 EGP
MINIMUM AVERAGE MAXIMUM
$91 $150 $360

2-bedroom apartment

3,800 EGP 5,600 EGP 15,000 EGP
MINIMUM AVERAGE MAXIMUM
$120 $180 $490

Housing costs / Buying


Studio apartment

380,000 EGP 560,000 EGP 1.1M EGP
MINIMUM AVERAGE MAXIMUM
$12,000 $18,000 $36,000

1-bedroom apartment

450,000 EGP 750,000 EGP 2.8M EGP
MINIMUM AVERAGE MAXIMUM
$15,000 $24,000 $91,000

2-bedroom apartment

750,000 EGP 2.3M EGP 4.5M EGP
MINIMUM AVERAGE MAXIMUM
$24,000 $73,000 $150,000
Chart showing the prices and cost of furniture in Egypt

Furniture Costs


King Size Bed

2,300 EGP 2,800 EGP 3,800 EGP
MINIMUM AVERAGE MAXIMUM
$73 $91 $120

Double Bed

1,500 EGP 2,300 EGP 2,800 EGP
MINIMUM AVERAGE MAXIMUM
$49 $73 $91

Single Bed

1,300 EGP 1,700 EGP 2,300 EGP
MINIMUM AVERAGE MAXIMUM
$43 $56 $73

Living Room

2,500 EGP 3,200 EGP 11,000 EGP
MINIMUM AVERAGE MAXIMUM
$81 $100 $360

Dining Table

1,100 EGP 1,500 EGP 2,800 EGP
MINIMUM AVERAGE MAXIMUM
$36 $49 $91

Sofa or Couch

1,500 EGP 2,000 EGP 4,500 EGP
MINIMUM AVERAGE MAXIMUM
$49 $66 $150
Chart showing the prices and cost of electronic devices and appliances in Egypt

Electronics and House Appliance Costs


TV Set

1,500 EGP 2,300 EGP 4,500 EGP
MINIMUM AVERAGE MAXIMUM
$49 $73 $150

Fridge or Freezer

1,300 EGP 2,000 EGP 2,800 EGP
MINIMUM AVERAGE MAXIMUM
$43 $66 $91

Washing Machine

1,700 EGP 2,500 EGP 4,500 EGP
MINIMUM AVERAGE MAXIMUM
$56 $81 $150

Stove or Cooker

1,600 EGP 2,000 EGP 2,800 EGP
MINIMUM AVERAGE MAXIMUM
$52 $66 $91

Mobile Phone

1,900 EGP 2,300 EGP 3,200 EGP
MINIMUM AVERAGE MAXIMUM
$61 $73 $100

Laptop or Computer

2,000 EGP 2,500 EGP 4,500 EGP
MINIMUM AVERAGE MAXIMUM
$66 $81 $150

Expenditure to Income Ratio in Egypt

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.

Cost of living and expenditure to income ratio in Egypt

Spending to Income Ratio

88%

82% to 96%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%4%
50% - 60%8%
60% - 70%14%
70% - 80%24%
80% - 90%21%
90% - 100%11%
100% - 110%6%
110% - 120%4%
120% - 130%3%
130% - 140%2%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Egypt is 88% This means that on average, people spend around 88% 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
79%
Spending-Income-Ratio
74%
86%

Couple
84%
Spending-Income-Ratio
78%
91%

Family
92%
Spending-Income-Ratio
86%
100%
Distribution of monthly cost of living expenses in Egypt

How do people spend their money in Egypt?

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 Expenditure23%

23% of total expenses on average (12% to 31%)

LOW$17   520 EGP
AVERAGE$220   6,800 EGP
HIGH$2,200   68,000 EGP
Per Month

People living in Egypt typically spend from 12% to 31% of their total monthly expenditure on housing with 23% being the average. The average spend on housing is 6,800 EGP with expenditure ranging from 520 EGP to 68,000 EGP. 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, Water, Internet, Mobile8%

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

LOW$2.8   87 EGP
AVERAGE$37   1,100 EGP
HIGH$370   11,000 EGP
Per Month

Utility expenditure like electricity, water, and gas in Egypt ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 1,100 EGP with 87 EGP and 11,000 EGP being the upper and lower limits.

Transport, Fuel, Commute6%

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

LOW$5.6   170 EGP
AVERAGE$73   2,300 EGP
HIGH$730   23,000 EGP
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 170 EGP to 23,000 EGP on commuting with 2,300 EGP 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$14   440 EGP
AVERAGE$180   5,700 EGP
HIGH$1,800   57,000 EGP
Per Month

The average outlay on groceries in a month in Egypt is 5,700 EGP. The cost of groceries can range between 440 EGP to 57,000 EGP. 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$3.9   120 EGP
AVERAGE$51   1,600 EGP
HIGH$510   16,000 EGP
Per Month

People in Egypt 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 120 EGP to 16,000 EGP with 1,600 EGP being the norm.

Leisure and Shopping4%

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

LOW$2.3   70 EGP
AVERAGE$29   910 EGP
HIGH$290   9,100 EGP
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 70 EGP to 9,100 EGP with 910 EGP 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$3.4   100 EGP
AVERAGE$44   1,400 EGP
HIGH$440   14,000 EGP
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 1,400 EGP per month with 100 EGP being the minimum spent amount and 14,000 EGP being the maximum.

Other Expenses14%

14% of total expenses on average (9% to 21%)

LOW$7.3   230 EGP
AVERAGE$95   2,900 EGP
HIGH$950   29,000 EGP
Per Month
Percentage of people who manage to save money from their income every month in Egypt

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


Saving Money
47%
Not Saving
53%

Almost 47% of the surveyed people in Egypt said that they can save some money at the end of each month while 53% said that aren't saving anything.


Percentage of people saving money by population group in Egypt

GroupSaversNon Savers
Singles57%43%
Couples52%48%
Families47%53%

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.


Savings to income ratio in Egypt

Saving to Income Ratio

7% 14% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

510 EGP
$16
6,600 EGP
$210
66,000 EGP
$2,100
MINIMUM AVERAGE MAXIMUM

For most people, 7% to 27% of their monthly income is what they can allocate to their savings, with 14% being the average. The amount of money that people can save is approximately 6,600 EGP on average with savings ranging from 510 EGP to 66,000 EGP.

57% of surveyed singles reported some of their income going to savings while 52% of couples said the same. 47% of families confirmed their ability to save money.


How much money do people actually save in Egypt?

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

10% 18% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

510 EGP
$16
4,600 EGP
$150
30,000 EGP
$990
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%33%
10% - 20%26%
20% - 30%17%
30% - 40%12%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 10% to 29% of their monthly income to savings, with 18% being the average for most singles. The average amount of money that singles are able to save is 4,600 EGP with 510 EGP and 30,000 EGP being the minimum and maximum respectively.


Couples

Saving to Income Ratio

8% 16% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

2,500 EGP
$82
7,600 EGP
$250
41,000 EGP
$1,300
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%37%
10% - 20%28%
20% - 30%20%
30% - 40%7%
40% - 50%6%
> 50%2%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 8% to 28% of their monthly income, with 16% being the average for most couples. The average amount of money that couples can save is 7,600 EGP with 2,500 EGP and 41,000 EGP being the minimum and maximum respectively.


Families

Saving to Income Ratio

7% 13% of income 26%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

3,600 EGP
$120
10,000 EGP
$330
66,000 EGP
$2,100
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%40%
10% - 20%31%
20% - 30%21%
30% - 40%4%
40% - 50%3%
> 50%1%

Interpretation and Analysis

Families in Egypt can save anywhere between 7% to 26% of their monthly income, with 13% being the average for most families. The average amount of money that families can put aside is 10,000 EGP with 3,600 EGP and 66,000 EGP being the minimum and maximum respectively.

Reasons that make it difficult for people to save money in Egypt

Saving Challenges in Egypt

Reasons that make it difficult for people to save money

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


Reason% People
Low Income4%
High Expenses7%
Debt and Loans12%
Lack of Budgeting Skills12%
Impulsive Spending12%
Financial Emergencies7%
Living the moment5%
Will do it later22%
Inflation14%
Social Pressure3%
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. 12% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 22% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 14% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Where do people choose to put their savings in Egypt

Typical saving choices for people in Egypt

Where do people choose to put their savings?


Saving Type% People
Emergency Funds13%
Gold14%
Savings Accounts17%
Retirement Accounts9%
Cash Savings22%
Real Estate9%
Investment5%
Stocks4%
Bonds4%
Mutual Funds2%
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 to live in Egypt

Affordable living in Egypt

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Egypt?


Yes
43%
No
57%

Around 43% of surveyed residents think that living in Egypt is affordable with proper budgeting while 57% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting. Are there plenty of low-cost options in Egypt

Low-cost alternatives in Egypt

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 options51%

Few low-cost options49%


Based on the survey, 51% of the people living in Egypt have no problem finding low-cost alternatives to support a frugal lifestyle while 49% 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 Egypt whether they have an emergency fund and the answers were as follows.

Yes38%

No62%


Based on the survey, 62% of the people living in Egypt said that they don't have an emergency fund while 38% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Egypt

Financial Literacy in Egypt

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 Leteracy38%


We asked residents of Egypt whether they acquired any adequate personal financial training in their lives. Approximately 62% 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 38% 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 Egypt have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 66% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 34% said that they have everything under control.

Struggles with finance66%

Easily manages finances34%

Financial goals and targets of people living in Egypt

Financial goals of people in Egypt

In an attempt to understand the economic situation in Egypt, 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 Reduction45%
Retirement Savings11%
Education Funding6%
Homeownership19%
Investing6%
Travel or Lifestyle6%
Healthcare Expenses15%
Financial Independence4%

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 45% said their number one priority is to pay off high-interest debt or loans and improve credit. 11% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 6% reported that their priority is saving for the tuition fees and education costs of their children while 19% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 6% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 15% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Egypt

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

Retirement age

The retirement age for most employees in Egypt 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 Egypt:
AgeAmount
2559,000 EGP
30120,000 EGP
35200,000 EGP
40290,000 EGP
45440,000 EGP
50610,000 EGP
55730,000 EGP
60910,000 EGP
651.1M EGP

Retirement Income Distribution

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

Source% People
Pensions11%
Savings24%
Investments11%
Social Security6%
Annuities6%
Part-time Job16%
Real Estate19%
Dividends and Interest6%

Retirement Monthly Expenses in Egypt

1,300 EGP
$42
12,000 EGP
$380
78,000 EGP
$2,500
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Egypt

Debt, loans, and mortgages in Egypt


Percentage of people who are in debt


In Debt
37%
Debt Free
63%

According to the survey, 37% of the people in Egypt have some kind of debt, loan, mortgage, or credit card payments while 63% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Egypt

Debt-to-income ratio in Egypt

Debt to income ratio

33%

25% to 41%

( 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 33% of the people's monthly income in Egypt goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%19%
40% - 50%15%
30% - 40%17%
20% - 30%9%
10% - 20%11%
0% - 10%25%

According to our data, 3% of the debtors in Egypt pay 60%+ of their income as debt settlement while 19% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 9% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Egypt

Debt% People
Real Estate Mortgage7%
Auto Loan13%
Student Loan4%
Credit Card31%
Personal Loan44%

7% of debtors in Egypt confirm that real estate mortgages constitutes the main part of their outstanding debt while 31% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 13% of people and personal loans rose at 44%. Lastly, student loans are the main source of debt for 4% of debtors in Egypt.


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 Egypt

Besides measuring the loan-to-income ratio, we asked residents of Egypt 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
Never49%
Once a year24%
Twice a year13%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Egypt

Housing costs, accommodation, and housing affordability in Egypt

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


Rent Cost in Egypt

Monthly Rent Prices

Studio apartment monthly rent cost

1,900 EGP 2,800 EGP 7,500 EGP
MINIMUM AVERAGE MAXIMUM
$61 $91 $240

1-bedroom apartment monthly rent cost

2,800 EGP 4,500 EGP 11,000 EGP
MINIMUM AVERAGE MAXIMUM
$91 $150 $360

2-bedroom apartment monthly rent cost

3,800 EGP 5,600 EGP 15,000 EGP
MINIMUM AVERAGE MAXIMUM
$120 $180 $490

3-bedroom apartment monthly rent cost

4,500 EGP 7,500 EGP 20,000 EGP
MINIMUM AVERAGE MAXIMUM
$150 $240 $660

Furnished apartment monthly rent cost

9,000 EGP 23,000 EGP 45,000 EGP
MINIMUM AVERAGE MAXIMUM
$290 $730 $1,500

Townhouse monthly rent cost

7,500 EGP 11,000 EGP 32,000 EGP
MINIMUM AVERAGE MAXIMUM
$240 $360 $1,000

House monthly rent cost

9,000 EGP 23,000 EGP 45,000 EGP
MINIMUM AVERAGE MAXIMUM
$290 $730 $1,500

Villa monthly rent cost

11,000 EGP 28,000 EGP 45,000 EGP
MINIMUM AVERAGE MAXIMUM
$360 $910 $1,500

The monthly rental cost of a studio apartment in Egypt ranges between 1,900 EGP and 7,500 EGP, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 2,800 EGP to 11,000 EGP. Two-bedroom rentals rate ranges between 3,800 EGP and 15,000 EGP per month. The monthly rental for a three-bedroom apartment ranges from 4,500 EGP to 20,000 EGP. The average rent of a townhouse in Egypt is around 11,000 EGP while house rental costs can be as high as 23,000 EGP per month. Finally, if you want to rent a villa, expect to pay anywhere from 11,000 EGP to 45,000 EGP per month.



Apartment and house prices in Egypt

Cost of buying a property

Studio apartment price

380,000 EGP 560,000 EGP 1.1M EGP
MINIMUM AVERAGE MAXIMUM
$12,000 $18,000 $36,000

1-bedroom apartment price

450,000 EGP 750,000 EGP 2.8M EGP
MINIMUM AVERAGE MAXIMUM
$15,000 $24,000 $91,000

2-bedroom apartment price

750,000 EGP 2.3M EGP 4.5M EGP
MINIMUM AVERAGE MAXIMUM
$24,000 $73,000 $150,000

3-bedroom apartment price

2.5M EGP 3.8M EGP 11M EGP
MINIMUM AVERAGE MAXIMUM
$81,000 $120,000 $360,000

Townhouse price

3.2M EGP 7.5M EGP 28M EGP
MINIMUM AVERAGE MAXIMUM
$100,000 $240,000 $910,000

House price

3.8M EGP 23M EGP 32M EGP
MINIMUM AVERAGE MAXIMUM
$120,000 $730,000 $1M

Villa price

4.5M EGP 25M EGP 38M EGP
MINIMUM AVERAGE MAXIMUM
$150,000 $810,000 $1.2M

The average price of a studio apartment in Egypt can range from 380,000 EGP to 1.1M EGP depending on location. One bedroom cost can be anywhere from 450,000 EGP to 2.8M EGP. A villa can cost you 25M EGP on average with prices ranging from 4.5M EGP to 38M EGP.


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


28 x78 monthly income 187
MINIMUM AVERAGE MAXIMUM

Property prices in Egypt can be x78 to x187 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x78 multiples of the average monthly salary in Egypt.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


18% 28% of income 38%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Egypt is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 18% 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
26%

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
3.8%

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.


35 EGP 450 EGP 4,500 EGP
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 Egypt

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / Individual

130 EGP 940 EGP 6,300 EGP
MINIMUM AVERAGE MAXIMUM
$4.3 $30 $200

Utility Bill Cost / Electricity + Water + Gas / Couple

350 EGP 1,200 EGP 7,700 EGP
MINIMUM AVERAGE MAXIMUM
$11 $38 $250

Utility Bill Cost / Electricity + Water + Gas / Family

610 EGP 1,700 EGP 11,000 EGP
MINIMUM AVERAGE MAXIMUM
$20 $56 $370

Internet and cable cost

110 EGP 230 EGP 300 EGP
MINIMUM AVERAGE MAXIMUM
$3.6 $7.3 $9.7

Mobile phone bill and charges

90 EGP 150 EGP 450 EGP
MINIMUM AVERAGE MAXIMUM
$2.9 $4.9 $15

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 expenditure for individuals on electricty, water, and gas in Egypt ranges between 130 EGP and 6,300 EGP with average being 940 EGP, meanwhile the expenditure of couples is slightly higher at 1,200 EGP with 350 EGP and 7,700 EGP being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 1,700 EGP. The cost of internet and WiFi is unchanged among the three groups and ranges from 110 EGP to 300 EGP with 230 EGP being the average internet bill. Finally, the average monthly mobile charges is around 150 EGP but can range between 90 EGP and 450 EGP 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


4% 7% of income 11%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Egypt is around 7%. This means that people pay 7% of their income for energy, water, internet, and mobile charges. Those figures can range from 4% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Egypt

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


Prices and cost of goods and services in Egypt

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

Fast food combo meal price

23 EGP 45 EGP 75 EGP
MINIMUM AVERAGE MAXIMUM
$0.73 $1.5 $2.4

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Egypt is approximatly 45 EGP with meal cost ranging from 23 EGP to 75 EGP. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

75 EGP 110 EGP 230 EGP
MINIMUM AVERAGE MAXIMUM
$2.4 $3.6 $7.3

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 75 EGP and 230 EGP with 110 EGP being the average price of a plate for one person at a regular restaurant in Egypt.

Fine dining meal for one price

150 EGP 230 EGP 900 EGP
MINIMUM AVERAGE MAXIMUM
$4.9 $7.3 $29

The price range of a meal at fine-dining restaurant is 150 EGP to 900 EGP with the average cost being 230 EGP for one person. This is what you would expect to pay a top-tier diner in Egypt.

Beverage prices, cappuccino, latte etc..

19 EGP 30 EGP 45 EGP
MINIMUM AVERAGE MAXIMUM
$0.61 $0.97 $1.5

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Egypt is around 30 EGP. Price ranges between 19 EGP and 45 EGP depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

15 EGP 18 EGP 23 EGP
MINIMUM AVERAGE MAXIMUM
$0.49 $0.58 $0.73

The average price of a large bottle of milk in Egypt is 18 EGP. The maximum what you would pay for milk is 23 EGP and the minimum being 15 EGP depending on the brand of milk and other properties.

12 eggs price

11 EGP 15 EGP 23 EGP
MINIMUM AVERAGE MAXIMUM
$0.36 $0.49 $0.73

A dozen eggs costs around 15 EGP on average with 11 EGP and 23 EGP being the lower and upper limits respectively.

Fresh whole chicken price

26 EGP 33 EGP 47 EGP
MINIMUM AVERAGE MAXIMUM
$0.83 $1.1 $1.5

The price range of a fresh whole chicken in Egypt is between 26 EGP and 47 EGP depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 33 EGP.

Pack of beef price

30 EGP 45 EGP 90 EGP
MINIMUM AVERAGE MAXIMUM
$0.97 $1.5 $2.9

The price of a regular pack of beef or meat is around 45 EGP. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

12 EGP 17 EGP 23 EGP
MINIMUM AVERAGE MAXIMUM
$0.39 $0.54 $0.76

A bag of rice in Egypt costs around 17 EGP on average with prices rangeing between 12 EGP and 23 EGP depending on the brand and quality.

Bag of tomatos price

4.5 EGP 6 EGP 11 EGP
MINIMUM AVERAGE MAXIMUM
$0.15 $0.19 $0.36

A bag of tomatoes costs anywhere from 4.5 EGP to 11 EGP. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

8 EGP 11 EGP 17 EGP
MINIMUM AVERAGE MAXIMUM
$0.26 $0.34 $0.56

A bag of apples costs 11 EGP 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


20% 28% of income 34%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Egypt is around 28%. This means that people spend 28% of their income on grocery and basic household items. The expenditure can range from 20% to 34% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 2,500 EGP per month on grocery and food with expenditure fluctuating between 350 EGP and 17,000 EGP depending on location and the type of person. The average cost of food and groceries for a couple is around 3,700 EGP per month. That number can be get as low as 1,200 EGP or a high as 20,000 EGP. Families' spending on grocery ranges from 2,200 EGP to 41,000 EGP with the location, income, and size of the family being the most determinite factors.


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

Housing cost for a single person29%

29% of total expenses on average (17% to 41%)

LOW$26   790 EGP
AVERAGE$180   5,600 EGP
HIGH$1,200   38,000 EGP
Per Month

Utilities, Electricity, Water, Internet, Mobile9%

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

LOW$4.3   130 EGP
AVERAGE$30   940 EGP
HIGH$200   6,300 EGP
Per Month

Transport and Fuel Cost4%

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

LOW$5.7   180 EGP
AVERAGE$41   1,300 EGP
HIGH$270   8,400 EGP
Per Month

Food and Groceries Cost20%

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

LOW$11   350 EGP
AVERAGE$81   2,500 EGP
HIGH$540   17,000 EGP
Per Month

Healthcare Cost13%

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

LOW$6.4   200 EGP
AVERAGE$46   1,400 EGP
HIGH$300   9,400 EGP
Per Month

Leisure and Shopping Expenditure2%

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

LOW$3.5   110 EGP
AVERAGE$25   780 EGP
HIGH$170   5,200 EGP
Per Month

Education Cost1%

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

LOW$1.4   44 EGP
AVERAGE$10   310 EGP
HIGH$68   2,100 EGP
Per Month

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW$13   390 EGP
AVERAGE$91   2,800 EGP
HIGH$610   19,000 EGP
Per Month


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

Housing cost for a couple26%

26% of total expenses on average (19% to 36%)

LOW$96   3,000 EGP
AVERAGE$290   8,900 EGP
HIGH$1,500   47,000 EGP
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

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

LOW$11   350 EGP
AVERAGE$38   1,200 EGP
HIGH$250   7,700 EGP
Per Month

Transport and Fuel Cost8%

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

LOW$34   1,000 EGP
AVERAGE$100   3,100 EGP
HIGH$540   17,000 EGP
Per Month

Food and Groceries Cost18%

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

LOW$39   1,200 EGP
AVERAGE$120   3,700 EGP
HIGH$630   20,000 EGP
Per Month

Healthcare Cost15%

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

LOW$31   960 EGP
AVERAGE$93   2,900 EGP
HIGH$500   15,000 EGP
Per Month

Leisure and Shopping Cost3%

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

LOW$17   520 EGP
AVERAGE$51   1,600 EGP
HIGH$270   8,400 EGP
Per Month

Education Cost1%

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

LOW$5.6   170 EGP
AVERAGE$17   520 EGP
HIGH$90   2,800 EGP
Per Month

Other Expenses21%

21% of total expenses on average (15% to 27%)

LOW$48   1,500 EGP
AVERAGE$140   4,400 EGP
HIGH$770   24,000 EGP
Per Month


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

Housing cost for a family25%

25% of total expenses on average (20% to 35%)

LOW$130   3,900 EGP
AVERAGE$360   11,000 EGP
HIGH$2,300   72,000 EGP
Per Month

Utilities, Electricity, Water, Internet, Mobile6%

6% of total expenses on average (4% to 9%)

LOW$20   610 EGP
AVERAGE$56   1,700 EGP
HIGH$370   11,000 EGP
Per Month

Transport and Fuel Expenses4%

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

LOW$39   1,200 EGP
AVERAGE$110   3,500 EGP
HIGH$730   23,000 EGP
Per Month

Food and Groceries Cost22%

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

LOW$71   2,200 EGP
AVERAGE$200   6,300 EGP
HIGH$1,300   41,000 EGP
Per Month

Healthcare Expenses12%

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

LOW$36   1,100 EGP
AVERAGE$110   3,500 EGP
HIGH$590   18,000 EGP
Per Month

Leisure and Shopping Cost2%

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

LOW$20   610 EGP
AVERAGE$56   1,700 EGP
HIGH$370   11,000 EGP
Per Month

Education Cost13%

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

LOW$55   1,700 EGP
AVERAGE$160   4,900 EGP
HIGH$1,000   32,000 EGP
Per Month

Other Expenses16%

16% of total expenses on average (9% to 21%)

LOW$32   980 EGP
AVERAGE$90   2,800 EGP
HIGH$590   18,000 EGP
Per Month


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

Housing costs for Student17%

17% of total expenses on average (12% to 23%)

LOW$14   420 EGP
AVERAGE$90   2,800 EGP
HIGH$600   19,000 EGP
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses7%

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

LOW$2.3   70 EGP
AVERAGE$15   470 EGP
HIGH$100   3,100 EGP
Per Month

Transport and Fuel Cost3%

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

LOW$3.9   120 EGP
AVERAGE$26   810 EGP
HIGH$180   5,400 EGP
Per Month

Food and Groceries Expenditure24%

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

LOW$11   350 EGP
AVERAGE$75   2,300 EGP
HIGH$500   16,000 EGP
Per Month

Healthcare Cost10%

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

LOW$3.4   100 EGP
AVERAGE$23   700 EGP
HIGH$150   4,700 EGP
Per Month

Leisure and Shopping Cost2%

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

LOW$2.8   87 EGP
AVERAGE$19   580 EGP
HIGH$130   3,900 EGP
Per Month

Education Cost18%

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

LOW$11   330 EGP
AVERAGE$72   2,200 EGP
HIGH$480   15,000 EGP
Per Month

Other Expenses19%

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

LOW$8.5   260 EGP
AVERAGE$56   1,700 EGP
HIGH$380   12,000 EGP
Per Month
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