Cost Of Living For a Family in Kinshasa 2024

Average monthly spending for families in Kinshasa

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.

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

Families in Kinshasa spend around 850,000 CDF per month on average. Depending on the lifestyle, a family can survive with a monthly budget as low as 300,000 CDF or as high as 5.5M CDF. Location and income are very important factors and have a huge influence on expenditure and budget.

Family expenditure to income ratio in Kinshasa

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

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%.

Families in Kinshasa spend around 100% of their monthly income. Some families spend as low as 96% of their income while some as high as 110%.

How do families spend their money in Kinshasa?

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

Housing and accomodation expenditure for families

Families in Kinshasa typically spend from 20% to 35% of their total monthly expenditure on housing with 25% being the average. The average monthly spend on housing is 270,000 CDF with expenditure ranging from 95,000 CDF to 1.8M CDF. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Utility expenditure like electricity, water, and gas in Kinshasa ranges from 4% to 9% of total expenses with 6% being the average for most families. The average monthly cost of utilities is 43,000 CDF with 15,000 CDF and 280,000 CDF being the upper and lower limits for a family of four.

Transport, fuel, and commute expenditure for families

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 30,000 CDF to 550,000 CDF in a month on commuting with 85,000 CDF being the norm for most families. This means that money spent on transport constitutes about 5% of total spending on average but can go as low as 3% or as high as 7%.

Food, groceries, and basic shopping expenditure for families

The average outlay on groceries and basic houshold items for a typical family in a month in Kinshasa is 150,000 CDF. The cost of groceries can range between 54,000 CDF to 1,000,000 CDF. Families spend on average about 21% on food and groceries with upper and lower bounds of 14% and 27% respectively.

Healthcare and medical services expenditure for families

Families in Kinshasa allocate 7% to 16% 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 11%. The range of medical expenses range from 27,000 CDF to 440,000 CDF with 85,000 CDF being the norm for most families.

Leisure and shopping expenditure for families

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 15,000 CDF to 280,000 CDF with 43,000 CDF being the average. Speaking of percentages, that equates to 1% to 6% of total expenses with an average of 2% for most families.

Education and schooling expenditure for families

Spending on education can vary drastically between different families. On average, education constitutes 13% of the monthly expenditure of families with 6% and 21% being the lower and upper bounds respectively. The average reported education cost is 120,000 CDF per month with 42,000 CDF being the minimum spent amount and 770,000 CDF being the maximum.

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

Percentage of families that reported their ability to save money

Almost 52% of surveyed families in Kinshasa said that they can save some money at the end of each month while 49% reported that they have to utilize their whole income to survive.

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

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for families

Interpretation and Analysis

Families that are able to save money can put anywhere from 10% to 32% of their monthly income to their savings, with 18% being the average for most families. The average monthly amount of money that families can put aside is 240,000 CDF with 84,000 CDF and 1.6M CDF being the minimum and maximum respectively.

Saving Challenges in Kinshasa

Reasons that make it difficult for families to save money

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

Around 5% of the families said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 13% 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% of families 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. 21% 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. 13% 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.

Typical saving choices for families in Kinshasa

Where do people choose to put their savings?

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

Affordable living in Kinshasa

Income and cost of living compatibility

We asked families one simple question and recorded their answers.

Is it affordable or economical to live in Kinshasa?

Around 52% of surveyed families think that living in Kinshasa is affordable with proper budgeting while 49% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Kinshasa

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 options63%

Few low-cost options37%

Based on the survey, 63% of the families living in Kinshasa have no problem finding low-cost alternatives to support a frugal lifestyle while 37% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

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

Yes52%

No49%

Based on the survey, 49% of the families living in Kinshasa said that they don't have an emergency fund while 52% said that they do.

Financial Literacy in Congo Democratic Republic

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy40%

We asked family guardians and parents in Kinshasa whether they acquired any adequate personal financial training in their lives. Approximately 60% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 40% said that they know about the general principles of personal finance from sources other than their own experience.

Difficulty in Budgeting and Financial Planning

We wanted to understand whether families of Congo Democratic Republic have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 50% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 50% said that they have everything under control.

Struggles with finance50%

Easily manages finances50%

Financial goals of families in Kinshasa

In an attempt to understand the economic situation in Kinshasa, 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.

Around 8% of families said that their main goal is to establish an emergency fund to cover unexpected expenses while 44% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% 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 14% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Debt, loans, and mortgages in Kinshasa

Percentage of families who are in debt

According to the survey, 32% of the families in Kinshasa have some kind of debt, loan, mortgage, or credit card payments while 68% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Kinshasa

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 37% of a family's monthly income in Kinshasa goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 3% of the debtors in Kinshasa 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 10% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Kinshasa

8% of debtors in Kinshasa confirm that real estate mortgages constitutes the main part of their outstanding debt while 30% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 14% of people and personal loans rose at 44%. Lastly, student loans are the main source of debt for 4% of debtors in Kinshasa.

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 Kinshasa

Besides measuring the loan-to-income ratio, we asked families of Kinshasa 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.

Housing costs, accommodation, and housing affordability in Kinshasa

Rent Cost in Kinshasa

Monthly Rent Prices

Studio apartment monthly rent cost

45,000 CDF

68,000 CDF

180,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$16

$25

$66

1-bedroom apartment monthly rent cost

68,000 CDF

110,000 CDF

270,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$25

$39

$98

2-bedroom apartment monthly rent cost

91,000 CDF

140,000 CDF

360,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$33

$49

$130

3-bedroom apartment monthly rent cost

110,000 CDF

180,000 CDF

500,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$39

$66

$180

Furnished apartment monthly rent cost

220,000 CDF

550,000 CDF

1.1M CDF

MINIMUM

AVERAGE

MAXIMUM

$79

$200

$390

Townhouse monthly rent cost

180,000 CDF

270,000 CDF

780,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$66

$98

$280

House monthly rent cost

220,000 CDF

550,000 CDF

1.1M CDF

MINIMUM

AVERAGE

MAXIMUM

$79

$200

$390

Villa monthly rent cost

270,000 CDF

680,000 CDF

1.1M CDF

MINIMUM

AVERAGE

MAXIMUM

$98

$250

$390

The monthly rental cost of a studio apartment in Kinshasa ranges between 45,000 CDF and 180,000 CDF, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 68,000 CDF to 270,000 CDF. Two-bedroom rentals rate ranges between 91,000 CDF and 360,000 CDF per month. The monthly rental for a three-bedroom apartment ranges from 110,000 CDF to 500,000 CDF. The average rent of a townhouse in Kinshasa is around 270,000 CDF while house rental costs can be as high as 550,000 CDF per month. Finally, if you want to rent a villa, expect to pay anywhere from 270,000 CDF to 1.1M CDF per month.

Apartment and house prices in Kinshasa

Cost of buying a property

Studio apartment price

9.1M CDF

14M CDF

27M CDF

MINIMUM

AVERAGE

MAXIMUM

$3,300

$4,900

$9,800

1-bedroom apartment price

11M CDF

18M CDF

68M CDF

MINIMUM

AVERAGE

MAXIMUM

$3,900

$6,600

$25,000

2-bedroom apartment price

18M CDF

55M CDF

110M CDF

MINIMUM

AVERAGE

MAXIMUM

$6,600

$20,000

$39,000

3-bedroom apartment price

61M CDF

91M CDF

270M CDF

MINIMUM

AVERAGE

MAXIMUM

$22,000

$33,000

$98,000

Townhouse price

78M CDF

180M CDF

680M CDF

MINIMUM

AVERAGE

MAXIMUM

$28,000

$66,000

$250,000

House price

91M CDF

550M CDF

780M CDF

MINIMUM

AVERAGE

MAXIMUM

$33,000

$200,000

$280,000

Villa price

110M CDF

610M CDF

910M CDF

MINIMUM

AVERAGE

MAXIMUM

$39,000

$220,000

$330,000

The average price of a studio apartment in Kinshasa can range from 9.1M CDF to 27M CDF depending on location. One bedroom cost can be anywhere from 11M CDF to 68M CDF. A villa can cost you 610M CDF on average with prices ranging from 110M CDF to 910M CDF.

House / apartment prices to income ratio

Property prices in Kinshasa can be x101 to x221 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 Kinshasa.

Rent to income ratio

The average rent-to-income ratio in Kinshasa is around 33%. This means that people pay 33% of their income for rent. Those figures can range from 22% to 45% depending on the salary, location, and type of property.

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.

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.

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 Kinshasa

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

Utility Bill Cost / Electricity + Water + Gas / Family

15,000 CDF

43,000 CDF

280,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$5.4

$15

$100

Internet and cable cost

2,500 CDF

5,000 CDF

6,600 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.90

$1.8

$2.4

Mobile phone bill and charges

2,000 CDF

3,300 CDF

10,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.72

$1.2

$3.6

The average monthly energy and water consumption of families is around 43,000 CDF. The cost of internet and WiFi ranges from 2,500 CDF to 6,600 CDF with 5,000 CDF being the average internet bill. Finally, the average monthly mobile charges is around 3,300 CDF but can range between 2,000 CDF and 10,000 CDF depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Kinshasa is around 6.9%. This means that people pay 6.9% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.4% to 12% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Kinshasa

Prices and cost of goods and services in Kinshasa

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

Fast food combo meal price

500 CDF

1,000 CDF

1,700 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.18

$0.36

$0.60

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Kinshasa is approximatly 1,000 CDF with meal cost ranging from 500 CDF to 1,700 CDF. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

1,700 CDF

2,600 CDF

5,200 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.63

$0.94

$1.9

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 1,700 CDF and 5,200 CDF with 2,600 CDF being the average price of a plate for one person at a regular restaurant in Kinshasa.

Fine dining meal for one price

3,500 CDF

5,200 CDF

21,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$1.3

$1.9

$7.5

The price range of a meal at fine-dining restaurant is 3,500 CDF to 21,000 CDF with the average cost being 5,200 CDF for one person. This is what you would expect to pay a top-tier diner in Kinshasa.

Beverage prices, cappuccino, latte etc..

410 CDF

660 CDF

1,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.15

$0.24

$0.36

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Kinshasa is around 660 CDF. Price ranges between 410 CDF and 1,000 CDF depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

330 CDF

400 CDF

500 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.12

$0.14

$0.18

The average price of a large bottle of milk in Kinshasa is 400 CDF. The maximum what you would pay for milk is 500 CDF and the minimum being 330 CDF depending on the brand of milk and other properties.

12 eggs price

250 CDF

330 CDF

500 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.09

$0.12

$0.18

A dozen eggs costs around 330 CDF on average with 250 CDF and 500 CDF being the lower and upper limits respectively.

Fresh whole chicken price

570 CDF

730 CDF

1,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.20

$0.26

$0.37

The price range of a fresh whole chicken in Kinshasa is between 570 CDF and 1,000 CDF depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 730 CDF.

Pack of beef price

660 CDF

1,000 CDF

2,000 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.24

$0.36

$0.72

The price of a regular pack of beef or meat is around 1,000 CDF. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

270 CDF

370 CDF

520 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.10

$0.13

$0.19

A bag of rice in Kinshasa costs around 370 CDF on average with prices rangeing between 270 CDF and 520 CDF depending on the brand and quality.

Bag of tomatos price

100 CDF

130 CDF

250 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.04

$0.05

$0.09

A bag of tomatoes costs anywhere from 100 CDF to 250 CDF. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

180 CDF

230 CDF

380 CDF

MINIMUM

AVERAGE

MAXIMUM

$0.06

$0.08

$0.14

A bag of apples costs 230 CDF on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Kinshasa is around 31%. This means that families spend 31% of their income on grocery and basic household items. The expenditure can range from 22% to 38% depending on salary and location.

Expenditure on food and grocery for families