Cost Of Living For a Family in Honduras 2025

Family cost of living chart - average monthly expenditure in Honduras

Average monthly spending for families in Honduras

We consider a family to be a member of four members, two adults and two children. This is the most common type of family. From the figures below, it should be fairly easy to calculate the average spending for families of different sizes.

Average Monthly Expenditure

Currency: HNL
39,000 110,000 730,000
MINIMUM AVERAGE MAXIMUM
$1,600 $4,500 $29,000

How much money does a family need in a month to survive in Honduras?

Families in Honduras spend around 110,000 HNL per month on average. Depending on the lifestyle, a family can survive with a monthly budget as low as 39,000 HNL or as high as 730,000 HNL. Location and income are very important factors and have a huge influence on expenditure and budget.

Prices and cost of goods and services in Honduras

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

Dining, food, and beverages costs


Fast food combo meal

75 HNL 150 HNL 250 HNL
MINIMUM AVERAGE MAXIMUM
$3 $6.1 $10

Restaurant meal for one

250 HNL 380 HNL 750 HNL
MINIMUM AVERAGE MAXIMUM
$10 $15 $30

Fine dining meal for one

500 HNL 750 HNL 3,000 HNL
MINIMUM AVERAGE MAXIMUM
$20 $30 $120

Cappuccino or latte

63 HNL 100 HNL 150 HNL
MINIMUM AVERAGE MAXIMUM
$2.5 $4.1 $6.1

Grocery and market costs


Milk large bottle

50 HNL 60 HNL 75 HNL
MINIMUM AVERAGE MAXIMUM
$2 $2.4 $3

12 eggs

38 HNL 50 HNL 75 HNL
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3

Fresh whole chicken

85 HNL 110 HNL 160 HNL
MINIMUM AVERAGE MAXIMUM
$3.5 $4.5 $6.3

Pack of beef

100 HNL 150 HNL 300 HNL
MINIMUM AVERAGE MAXIMUM
$4.1 $6.1 $12

Medium bag of rice

40 HNL 55 HNL 78 HNL
MINIMUM AVERAGE MAXIMUM
$1.6 $2.2 $3.2

Bag of tomatos

15 HNL 20 HNL 38 HNL
MINIMUM AVERAGE MAXIMUM
$0.61 $0.81 $1.5

Bag of apples

27 HNL 35 HNL 58 HNL
MINIMUM AVERAGE MAXIMUM
$1.1 $1.4 $2.3
Chart showing the prices and cost of commute, travel, and transportation in Honduras

Commute, travel, and transportation costs


20 minutes taxi ride

63 HNL 75 HNL 150 HNL
MINIMUM AVERAGE MAXIMUM
$2.5 $3 $6.1

Average car full tank

380 HNL 500 HNL 1,000 HNL
MINIMUM AVERAGE MAXIMUM
$15 $20 $41

Average car 1-day rental

380 HNL 500 HNL 750 HNL
MINIMUM AVERAGE MAXIMUM
$15 $20 $30

Average car price

190,000 HNL 380,000 HNL 500,000 HNL
MINIMUM AVERAGE MAXIMUM
$7,600 $15,000 $20,000

Bus ticket one way

13 HNL 19 HNL 38 HNL
MINIMUM AVERAGE MAXIMUM
$0.51 $0.76 $1.5

Car Service

500 HNL 750 HNL 1,500 HNL
MINIMUM AVERAGE MAXIMUM
$20 $30 $61
Chart showing the prices and cost of utility, energy, water, and gas for a family in Honduras

Utility cost (monthly)


Utility Bill - Family

2,000 HNL 5,600 HNL 36,000 HNL
MINIMUM AVERAGE MAXIMUM
$79 $230 $1,500

Internet and cable

380 HNL 750 HNL 1,000 HNL
MINIMUM AVERAGE MAXIMUM
$15 $30 $41

Mobile phone charges

300 HNL 500 HNL 1,500 HNL
MINIMUM AVERAGE MAXIMUM
$12 $20 $61

Leisure and activities costs


Movie ticket

190 HNL 250 HNL 380 HNL
MINIMUM AVERAGE MAXIMUM
$7.6 $10 $15

One month gym membership

600 HNL 750 HNL 1,500 HNL
MINIMUM AVERAGE MAXIMUM
$24 $30 $61
Chart showing the prices and cost of clothing and accessories in Honduras

Cloths and accessories costs


Pair of jeans or pants

440 HNL 630 HNL 940 HNL
MINIMUM AVERAGE MAXIMUM
$18 $25 $38

Woman dress

420 HNL 580 HNL 1,900 HNL
MINIMUM AVERAGE MAXIMUM
$17 $23 $76

Woman shoes

390 HNL 540 HNL 1,300 HNL
MINIMUM AVERAGE MAXIMUM
$16 $22 $51

Men's shoes

340 HNL 420 HNL 830 HNL
MINIMUM AVERAGE MAXIMUM
$14 $17 $34

Men suit

380 HNL 470 HNL 2,500 HNL
MINIMUM AVERAGE MAXIMUM
$15 $19 $100

Regular t-shirt

190 HNL 250 HNL 750 HNL
MINIMUM AVERAGE MAXIMUM
$7.6 $10 $30
Chart showing the prices and cost of housing, accommodation, and rent in Honduras

Housing costs / monthly rent


Studio apartment

6,300 HNL 9,400 HNL 25,000 HNL
MINIMUM AVERAGE MAXIMUM
$250 $380 $1,000

1-bedroom apartment

9,400 HNL 15,000 HNL 38,000 HNL
MINIMUM AVERAGE MAXIMUM
$380 $610 $1,500

2-bedroom apartment

13,000 HNL 19,000 HNL 50,000 HNL
MINIMUM AVERAGE MAXIMUM
$510 $760 $2,000

Housing costs / Buying


Studio apartment

1.3M HNL 1.9M HNL 3.8M HNL
MINIMUM AVERAGE MAXIMUM
$51,000 $76,000 $150,000

1-bedroom apartment

1.5M HNL 2.5M HNL 9.4M HNL
MINIMUM AVERAGE MAXIMUM
$61,000 $100,000 $380,000

2-bedroom apartment

2.5M HNL 7.5M HNL 15M HNL
MINIMUM AVERAGE MAXIMUM
$100,000 $300,000 $610,000
Chart showing the prices and cost of furniture in Honduras

Furniture Costs


King Size Bed

7,500 HNL 9,400 HNL 13,000 HNL
MINIMUM AVERAGE MAXIMUM
$300 $380 $510

Double Bed

5,000 HNL 7,500 HNL 9,400 HNL
MINIMUM AVERAGE MAXIMUM
$200 $300 $380

Single Bed

4,400 HNL 5,800 HNL 7,500 HNL
MINIMUM AVERAGE MAXIMUM
$180 $230 $300

Living Room

8,300 HNL 11,000 HNL 38,000 HNL
MINIMUM AVERAGE MAXIMUM
$340 $430 $1,500

Dining Table

3,800 HNL 5,000 HNL 9,400 HNL
MINIMUM AVERAGE MAXIMUM
$150 $200 $380

Sofa or Couch

5,000 HNL 6,800 HNL 15,000 HNL
MINIMUM AVERAGE MAXIMUM
$200 $280 $610
Chart showing the prices and cost of electronic devices and appliances in Honduras

Electronics and House Appliance Costs


TV Set

5,000 HNL 7,500 HNL 15,000 HNL
MINIMUM AVERAGE MAXIMUM
$200 $300 $610

Fridge or Freezer

4,400 HNL 6,800 HNL 9,400 HNL
MINIMUM AVERAGE MAXIMUM
$180 $280 $380

Washing Machine

5,800 HNL 8,300 HNL 15,000 HNL
MINIMUM AVERAGE MAXIMUM
$230 $340 $610

Stove or Cooker

5,400 HNL 6,800 HNL 9,400 HNL
MINIMUM AVERAGE MAXIMUM
$220 $280 $380

Mobile Phone

6,300 HNL 7,500 HNL 11,000 HNL
MINIMUM AVERAGE MAXIMUM
$250 $300 $430

Laptop or Computer

6,800 HNL 8,300 HNL 15,000 HNL
MINIMUM AVERAGE MAXIMUM
$280 $340 $610
Family cost of living and expenditure to income ratio in Honduras

Family expenditure to income ratio in Honduras

Analysing the how affordable it is for families to live in Honduras

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


Spending to Income Ratio

89%

82% to 99%

( expenditure / income ) x 100


Families in Honduras spend around 89% of their monthly income. Some families spend as low as 82% of their income while some as high as 99%.

Distribution of monthly cost of living expenses of a family in Honduras

How do families spend their money in Honduras?

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


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for families

Accomodation Cost27%

27% of total expenses on average (22% to 37%)

LOW$510   12,000 HNL
AVERAGE$1,400   36,000 HNL
HIGH$9,400   230,000 HNL
Per Month

Families in Honduras typically spend from 22% to 37% of their total monthly expenditure on housing with 27% being the average. The average monthly spend on housing is 36,000 HNL with expenditure ranging from 12,000 HNL to 230,000 HNL. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Cost of utilities5%

5% of total expenses on average (3% to 8%)

LOW$79   2,000 HNL
AVERAGE$230   5,600 HNL
HIGH$1,500   36,000 HNL
Per Month

Utility expenditure like electricity, water, and gas in Honduras ranges from 3% to 8% of total expenses with 5% being the average for most families. The average monthly cost of utilities is 5,600 HNL with 2,000 HNL and 36,000 HNL being the upper and lower limits for a family of four.

Transport, fuel, and commute expenditure for families

Cost of transport and fuel6%

6% of total expenses on average (4% to 8%)

LOW$160   3,900 HNL
AVERAGE$450   11,000 HNL
HIGH$2,900   73,000 HNL
Per Month

Fuel consumption and cost of transport depend heavily on whether a family resides near school and work, but roughly speaking a family would expect to spend from 3,900 HNL to 73,000 HNL in a month on commuting with 11,000 HNL being the norm for most families. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 4% or as high as 8%.

Food, groceries, and basic shopping expenditure for families

Food and Groceries Cost20%

20% of total expenses on average (13% to 26%)

LOW$280   7,000 HNL
AVERAGE$810   20,000 HNL
HIGH$5,300   130,000 HNL
Per Month

The average outlay on groceries and basic houshold items for a typical family in a month in Honduras is 20,000 HNL. The cost of groceries can range between 7,000 HNL to 130,000 HNL. Families spend on average about 20% on food and groceries with upper and lower bounds of 13% and 26% respectively.

Healthcare and medical services expenditure for families

Cost of healthcare10%

10% of total expenses on average (6% to 15%)

LOW$140   3,500 HNL
AVERAGE$450   11,000 HNL
HIGH$2,400   58,000 HNL
Per Month

Families in Honduras allocate 6% to 15% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 10%. The range of medical expenses range from 3,500 HNL to 58,000 HNL with 11,000 HNL being the norm for most families.

Leisure and shopping expenditure for families

Cost of leisure and shopping3%

3% of total expenses on average (2% to 7%)

LOW$79   2,000 HNL
AVERAGE$230   5,600 HNL
HIGH$1,500   36,000 HNL
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 2,000 HNL to 36,000 HNL with 5,600 HNL being the average. Speaking of percentages, that equates to 2% to 7% of total expenses with an average of 3% for most families.

Education and schooling expenditure for families

Cost of education and schooling14%

14% of total expenses on average (7% to 22%)

LOW$220   5,500 HNL
AVERAGE$630   16,000 HNL
HIGH$4,100   100,000 HNL
Per Month

Spending on education can vary drastically between different families. On average, education constitutes 14% of the monthly expenditure of families with 7% and 22% being the lower and upper bounds respectively. The average reported education cost is 16,000 HNL per month with 5,500 HNL being the minimum spent amount and 100,000 HNL being the maximum.

Other Expenses15%

15% of total expenses on average (8% to 20%)

LOW$130   3,100 HNL
AVERAGE$360   8,900 HNL
HIGH$2,400   58,000 HNL
Per Month
Percentage of families who manage to save money from their income every month in Honduras

What percentage of families in Honduras are able to save money and how much can they save?


Percentage of families that reported their ability to save money


Saving Money
54%
Not Saving
46%

Almost 54% of surveyed families in Honduras said that they can save some money at the end of each month while 46% reported that they have to utilize their whole income to survive.


Family savings to income ratio in Honduras

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


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

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

9% 16% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

13,000 HNL
$540
38,000 HNL
$1,600
250,000 HNL
$10,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%38%
10% - 20%30%
20% - 30%20%
30% - 40%6%
40% - 50%4%
> 50%2%

Interpretation and Analysis

Families that are able to save money can put anywhere from 9% to 27% of their monthly income to their savings, with 16% being the average for most families. The average monthly amount of money that families can put aside is 38,000 HNL with 13,000 HNL and 250,000 HNL being the minimum and maximum respectively.

Reasons that make it difficult for families to save money in Honduras

Saving Challenges in Honduras

Reasons that make it difficult for families to save money

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


Reason% People
Low Income6%
High Expenses9%
Debt and Loans16%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later19%
Inflation12%
Social Pressure3%
Market Instability3%

Around 6% of the families 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. 16% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% of families 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. 19% 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. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

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

Affordable living in Honduras

Income and cost of living compatibility

We asked families one simple question and recorded their answers.

Is it affordable or economical to live in Honduras?


Yes
62%
No
38%

Around 62% of surveyed families think that living in Honduras is affordable with proper budgeting while 38% reported that it is just too expensive and not affordable even with frugality and thriftness.

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.

Where do families choose to put their savings in Honduras

Typical saving choices for families in Honduras

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings18%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%

Emergency Funds For Families

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 families whether they have an emergency fund and the answers were as follows.

Yes61%

No39%


Based on the survey, 39% of the families living in Honduras said that they don't have an emergency fund while 61% said that they do.

How easily is cost-cutting for families. Are there plenty of low-cost options in Honduras

Low-cost alternatives in Honduras

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 families 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 families living in Honduras 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.

Financial goals and targets of families living in Honduras

Financial goals of families in Honduras

In an attempt to understand the economic situation in Honduras, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction38%
Retirement Savings9%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses11%
Financial Independence7%

Around 7% of families said that their main goal is to establish an emergency fund to cover unexpected expenses while 38% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% 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 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Honduras

Housing costs, accommodation, and housing affordability in Honduras

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


Rent Cost in Honduras

Monthly Rent Prices

Studio apartment monthly rent cost

6,300 HNL 9,400 HNL 25,000 HNL
MINIMUM AVERAGE MAXIMUM
$250 $380 $1,000

1-bedroom apartment monthly rent cost

9,400 HNL 15,000 HNL 38,000 HNL
MINIMUM AVERAGE MAXIMUM
$380 $610 $1,500

2-bedroom apartment monthly rent cost

13,000 HNL 19,000 HNL 50,000 HNL
MINIMUM AVERAGE MAXIMUM
$510 $760 $2,000

3-bedroom apartment monthly rent cost

15,000 HNL 25,000 HNL 68,000 HNL
MINIMUM AVERAGE MAXIMUM
$610 $1,000 $2,800

Furnished apartment monthly rent cost

30,000 HNL 75,000 HNL 150,000 HNL
MINIMUM AVERAGE MAXIMUM
$1,200 $3,000 $6,100

Townhouse monthly rent cost

25,000 HNL 38,000 HNL 110,000 HNL
MINIMUM AVERAGE MAXIMUM
$1,000 $1,500 $4,300

House monthly rent cost

30,000 HNL 75,000 HNL 150,000 HNL
MINIMUM AVERAGE MAXIMUM
$1,200 $3,000 $6,100

Villa monthly rent cost

38,000 HNL 94,000 HNL 150,000 HNL
MINIMUM AVERAGE MAXIMUM
$1,500 $3,800 $6,100

The monthly rental cost of a studio apartment in Honduras ranges between 6,300 HNL and 25,000 HNL, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 9,400 HNL to 38,000 HNL. Two-bedroom rentals rate ranges between 13,000 HNL and 50,000 HNL per month. The monthly rental for a three-bedroom apartment ranges from 15,000 HNL to 68,000 HNL. The average rent of a townhouse in Honduras is around 38,000 HNL while house rental costs can be as high as 75,000 HNL per month. Finally, if you want to rent a villa, expect to pay anywhere from 38,000 HNL to 150,000 HNL per month.



Apartment and house prices in Honduras

Cost of buying a property

Studio apartment price

1.3M HNL 1.9M HNL 3.8M HNL
MINIMUM AVERAGE MAXIMUM
$51,000 $76,000 $150,000

1-bedroom apartment price

1.5M HNL 2.5M HNL 9.4M HNL
MINIMUM AVERAGE MAXIMUM
$61,000 $100,000 $380,000

2-bedroom apartment price

2.5M HNL 7.5M HNL 15M HNL
MINIMUM AVERAGE MAXIMUM
$100,000 $300,000 $610,000

3-bedroom apartment price

8.3M HNL 13M HNL 38M HNL
MINIMUM AVERAGE MAXIMUM
$340,000 $510,000 $1.5M

Townhouse price

11M HNL 25M HNL 94M HNL
MINIMUM AVERAGE MAXIMUM
$430,000 $1M $3.8M

House price

13M HNL 75M HNL 110M HNL
MINIMUM AVERAGE MAXIMUM
$510,000 $3M $4.3M

Villa price

15M HNL 83M HNL 130M HNL
MINIMUM AVERAGE MAXIMUM
$610,000 $3.4M $5.1M

The average price of a studio apartment in Honduras can range from 1.3M HNL to 3.8M HNL depending on location. One bedroom cost can be anywhere from 1.5M HNL to 9.4M HNL. A villa can cost you 83M HNL on average with prices ranging from 15M HNL to 130M HNL.


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


35 x101 monthly income 201
MINIMUM AVERAGE MAXIMUM

Property prices in Honduras can be x101 to x201 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x101 multiples of the average monthly salary in Honduras.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 30% of income 40%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Honduras is around 30%. This means that people pay 30% of their income for rent. Those figures can range from 20% to 40% 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
2%
AVERAGE
3%
TO
4%

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.


110 HNL 1,500 HNL 15,000 HNL
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.

Financial literacy and difficulty in budgeting and financial planning for families in Honduras

Financial Literacy in

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 Leteracy57%


We asked family guardians and parents in Honduras whether they acquired any adequate personal financial training in their lives. Approximately 43% 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 57% 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 families of have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 35% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 65% said that they have everything under control.

Struggles with finance35%

Easily manages finances65%

Chart showing the percentage of families who are in debt in Honduras

Debt, loans, and mortgages in Honduras


Percentage of families who are in debt


In Debt
26%
Debt Free
74%

According to the survey, 26% of the families in Honduras have some kind of debt, loan, mortgage, or credit card payments while 74% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Honduras

Debt-to-income ratio in Honduras

Debt to income ratio

30%

22% 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 30% of a family's monthly income in Honduras goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%15%
40% - 50%13%
30% - 40%15%
20% - 30%13%
10% - 20%15%
0% - 10%27%

According to our data, 3% of the debtors in Honduras pay 60%+ of their income as debt settlement while 15% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 13% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 15% dedicated 30% to 40% of income for same. Things are looking brighter for 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Honduras

Debt% People
Real Estate Mortgage11%
Auto Loan19%
Student Loan3%
Credit Card27%
Personal Loan40%

11% of debtors in Honduras confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 19% of people and personal loans rose at 40%. Lastly, student loans are the main source of debt for 3% of debtors in Honduras.


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 Honduras

Besides measuring the loan-to-income ratio, we asked families 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
Never53%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%

Monthly costs and expenses of energy and basic utilities in Honduras

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / Family

2,000 HNL 5,600 HNL 36,000 HNL
MINIMUM AVERAGE MAXIMUM
$79 $230 $1,500

Internet and cable cost

380 HNL 750 HNL 1,000 HNL
MINIMUM AVERAGE MAXIMUM
$15 $30 $41

Mobile phone bill and charges

300 HNL 500 HNL 1,500 HNL
MINIMUM AVERAGE MAXIMUM
$12 $20 $61

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of families is around 5,600 HNL. The cost of internet and WiFi ranges from 380 HNL to 1,000 HNL with 750 HNL being the average internet bill. Finally, the average monthly mobile charges is around 500 HNL but can range between 300 HNL and 1,500 HNL 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


3% 6% of income 10%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Honduras is around 6%. This means that people pay 6% of their income for energy, water, internet, and mobile charges. Those figures can range from 3% to 10% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Honduras

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


Prices and cost of goods and services in Honduras

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

Fast food combo meal price

75 HNL 150 HNL 250 HNL
MINIMUM AVERAGE MAXIMUM
$3 $6.1 $10

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Honduras is approximatly 150 HNL with meal cost ranging from 75 HNL to 250 HNL. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

250 HNL 380 HNL 750 HNL
MINIMUM AVERAGE MAXIMUM
$10 $15 $30

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 250 HNL and 750 HNL with 380 HNL being the average price of a plate for one person at a regular restaurant in Honduras.

Fine dining meal for one price

500 HNL 750 HNL 3,000 HNL
MINIMUM AVERAGE MAXIMUM
$20 $30 $120

The price range of a meal at fine-dining restaurant is 500 HNL to 3,000 HNL with the average cost being 750 HNL for one person. This is what you would expect to pay a top-tier diner in Honduras.

Beverage prices, cappuccino, latte etc..

63 HNL 100 HNL 150 HNL
MINIMUM AVERAGE MAXIMUM
$2.5 $4.1 $6.1

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Honduras is around 100 HNL. Price ranges between 63 HNL and 150 HNL depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

50 HNL 60 HNL 75 HNL
MINIMUM AVERAGE MAXIMUM
$2 $2.4 $3

The average price of a large bottle of milk in Honduras is 60 HNL. The maximum what you would pay for milk is 75 HNL and the minimum being 50 HNL depending on the brand of milk and other properties.

12 eggs price

38 HNL 50 HNL 75 HNL
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3

A dozen eggs costs around 50 HNL on average with 38 HNL and 75 HNL being the lower and upper limits respectively.

Fresh whole chicken price

85 HNL 110 HNL 160 HNL
MINIMUM AVERAGE MAXIMUM
$3.5 $4.5 $6.3

The price range of a fresh whole chicken in Honduras is between 85 HNL and 160 HNL depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 110 HNL.

Pack of beef price

100 HNL 150 HNL 300 HNL
MINIMUM AVERAGE MAXIMUM
$4.1 $6.1 $12

The price of a regular pack of beef or meat is around 150 HNL. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

40 HNL 55 HNL 78 HNL
MINIMUM AVERAGE MAXIMUM
$1.6 $2.2 $3.2

A bag of rice in Honduras costs around 55 HNL on average with prices rangeing between 40 HNL and 78 HNL depending on the brand and quality.

Bag of tomatos price

15 HNL 20 HNL 38 HNL
MINIMUM AVERAGE MAXIMUM
$0.61 $0.81 $1.5

A bag of tomatoes costs anywhere from 15 HNL to 38 HNL. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

27 HNL 35 HNL 58 HNL
MINIMUM AVERAGE MAXIMUM
$1.1 $1.4 $2.3

A bag of apples costs 35 HNL 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


18% 26% of income 32%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Honduras is around 26%. This means that families spend 26% of their income on grocery and basic household items. The expenditure can range from 18% to 32% depending on salary and location.


Expenditure on food and grocery for families

Families' spending on grocery ranges from 7,000 HNL to 130,000 HNL with the location, income, and size of the family being the most determinite factors.

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