Cost Of Living in French Polynesia 2024
Average monthly spending for singles, couples, students, and families in French Polynesia
Whether you're living in French Polynesia 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 Expenditure140,000 XPF
per month$1,30011,000 XPF $98
$13,000 1.4M XPF
Single97,000 XPF
per month$88032,000 XPF $290
$5,900 650,000 XPF
Couple160,000 XPF
per month$1,50054,000 XPF $490
$7,800 860,000 XPF
Family220,000 XPF
per month$2,00076,000 XPF $690
$11,000 1.2M XPF
Student66,000 XPF
per month$60026,000 XPF $240
$1,100 120,000 XPF
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in French Polynesia is 97,000 XPF. Expenses can range from 32,000 XPF at the minimum level to 650,000 XPF at the highest end.
Couples
The average monthly spending of couples in French Polynesia is 160,000 XPF. Expenditure can range from 54,000 XPF to 860,000 XPF per month.
Families
The average cost of living for families in French Polynesia is 220,000 XPF per month. Families spend anywhere from 76,000 XPF to 1.2M XPF.
Students
The average monthly expenditure for students in French Polynesia is 66,000 XPF. Students spend from 26,000 XPF to 120,000 XPF 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 French Polynesia
Dining, food, and beverages costs
Large bottle of water
Fast food combo meal
Restaurant meal for one | 490 XPF | 730 XPF | 1,500 XPF |
Fine dining meal for one | 970 XPF | 1,500 XPF | 5,800 XPF |
Soda or Soft Drink
Cappuccino or latte Grocery and market costs
Milk large bottle
Loaf of bread
12 eggs
Fresh whole chicken
Beef 1 kg or 1 lb
Rice 1 kg or 1 lb
Tomato 1 kg or 1 lb
Apples 1 kg or 1 lb Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank | 730 XPF | 970 XPF | 1,900 XPF |
Average car 1-day rental | 730 XPF | 970 XPF | 1,500 XPF |
Average car price | 370,000 XPF | 730,000 XPF | 970,000 XPF |
Bus ticket one way
Car Service | 970 XPF | 1,500 XPF | 2,900 XPF |
Utility cost (monthly)
Utility Bill - Individual | 1,900 XPF | 5,800 XPF | 39,000 XPF |
Utility Bill - Couple | 2,700 XPF | 8,100 XPF | 43,000 XPF |
Utility Bill - Family | 2,300 XPF | 6,500 XPF | 36,000 XPF |
Internet and cable | 730 XPF | 1,500 XPF | 1,900 XPF |
Mobile phone charges | 580 XPF | 970 XPF | 2,900 XPF |
Leisure and activities costs
Movie ticket
One month gym membership | 1,200 XPF | 1,500 XPF | 2,900 XPF |
Cloths and accessories costs
Pair of jeans or pants | 860 XPF | 1,200 XPF | 1,800 XPF |
Woman dress | 810 XPF | 1,100 XPF | 3,700 XPF |
Woman shoes | 770 XPF | 1,000 XPF | 2,400 XPF |
Men's shoes | 660 XPF | 810 XPF | 1,600 XPF |
Men suit | 730 XPF | 910 XPF | 4,900 XPF |
Regular t-shirt | 370 XPF | 490 XPF | 1,500 XPF |
Housing costs / monthly rent
Studio apartment | 12,000 XPF | 18,000 XPF | 49,000 XPF |
1-bedroom apartment | 18,000 XPF | 29,000 XPF | 73,000 XPF |
2-bedroom apartment | 24,000 XPF | 37,000 XPF | 97,000 XPF |
Housing costs / Buying
Studio apartment | 2.4M XPF | 3.7M XPF | 7.3M XPF |
1-bedroom apartment | 2.9M XPF | 4.9M XPF | 18M XPF |
2-bedroom apartment | $44,000 | $130,000 | $270,000 |
Furniture Costs
King Size Bed | 15,000 XPF | 18,000 XPF | 24,000 XPF |
Double Bed | 9,700 XPF | 15,000 XPF | 18,000 XPF |
Single Bed | 8,600 XPF | 11,000 XPF | 15,000 XPF |
Living Room | 16,000 XPF | 21,000 XPF | 73,000 XPF |
Dining Table | 7,300 XPF | 9,700 XPF | 18,000 XPF |
Sofa or Couch | 9,700 XPF | 13,000 XPF | 29,000 XPF |
Electronics and House Appliance Costs
TV Set | 9,700 XPF | 15,000 XPF | 29,000 XPF |
Fridge or Freezer | 8,600 XPF | 13,000 XPF | 18,000 XPF |
Washing Machine | 11,000 XPF | 16,000 XPF | 29,000 XPF |
Stove or Cooker | 10,000 XPF | 13,000 XPF | 18,000 XPF |
Mobile Phone | 12,000 XPF | 15,000 XPF | 21,000 XPF |
Laptop or Computer | 13,000 XPF | 16,000 XPF | 29,000 XPF |
Expenditure to Income Ratio in French Polynesia
One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.
Spending to Income Ratio
85%
77% to 94%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 5% |
| 50% - 60% | 10% |
| 60% - 70% | 17% |
| 70% - 80% | 26% |
| 80% - 90% | 17% |
| 90% - 100% | 10% |
| 100% - 110% | 5% |
| 110% - 120% | 3% |
| 120% - 130% | 2% |
| 130% - 140% | 2% |
| > 140% | 1% |
Interpretation and Analysis
The average spending-to-salary ratio in French Polynesia is 85%
This means that on average, people spend around 85% of their income for living.
According to the distribution table, 17% of the population spend approximately 60% to 70% of their income every month.
How can spending be more than income?
A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.
Individual
77%
Spending-Income-Ratio
69%
85%
Couple
81%
Spending-Income-Ratio
73%
89%
Family
89%
Spending-Income-Ratio
81%
99%
How do people spend their money in French Polynesia?
We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.
The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.
Housing Expenditure26%
26% of total expenses on average (15% to 34%)
| LOW | $29 3,200 XPF |
| AVERAGE | $380 42,000 XPF |
| HIGH | $3,800 420,000 XPF |
| Per Month |
People living in French Polynesia typically spend from 15% to 34% of their total monthly expenditure on housing with 26% being the average. The average spend on housing is 42,000 XPF with expenditure ranging from 3,200 XPF to 420,000 XPF. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.
Utilities, Electricity, Water7%
7% of total expenses on average (4% to 11%)
| LOW | $4.9 540 XPF |
| AVERAGE | $64 7,000 XPF |
| HIGH | $640 70,000 XPF |
| Per Month |
Utility expenditure like electricity, water, and gas in French Polynesia ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 7,000 XPF with 540 XPF and 70,000 XPF being the upper and lower limits.
Transport, Fuel, Commute8%
8% of total expenses on average (4% to 12%)
| LOW | $9.8 1,100 XPF |
| AVERAGE | $130 14,000 XPF |
| HIGH | $1,300 140,000 XPF |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 1,100 XPF to 140,000 XPF on commuting with 14,000 XPF being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.
Food and Groceries Cost27%
27% of total expenses on average (19% to 33%)
| LOW | $25 2,700 XPF |
| AVERAGE | $320 35,000 XPF |
| HIGH | $3,200 350,000 XPF |
| Per Month |
The average outlay on groceries in a month in French Polynesia is 35,000 XPF. The cost of groceries can range between 2,700 XPF to 350,000 XPF. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.
Healthcare and Medical Services9%
9% of total expenses on average (4% to 12%)
| LOW | $6.9 760 XPF |
| AVERAGE | $89 9,800 XPF |
| HIGH | $890 98,000 XPF |
| Per Month |
People in French Polynesia allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 760 XPF to 98,000 XPF with 9,800 XPF being the norm.
Leisure and Shopping5%
5% of total expenses on average (3% to 9%)
| LOW | $3.9 430 XPF |
| AVERAGE | $51 5,600 XPF |
| HIGH | $510 56,000 XPF |
| 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 430 XPF to 56,000 XPF with 5,600 XPF being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.
Education and Schooling6%
6% of total expenses on average (4% to 12%)
| LOW | $5.9 650 XPF |
| AVERAGE | $77 8,400 XPF |
| HIGH | $770 84,000 XPF |
| Per Month |
Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 8,400 XPF per month with 650 XPF being the minimum spent amount and 84,000 XPF being the maximum.
Other Expenses13%
13% of total expenses on average (8% to 20%)
| LOW | $13 1,400 XPF |
| AVERAGE | $170 18,000 XPF |
| HIGH | $1,700 180,000 XPF |
| Per Month |
How much money can you save in French Polynesia 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 French Polynesia manage to save money from their income every month?
Almost 58% of the surveyed people in French Polynesia said that they can save some money at the end of each month while 42% said that aren't saving anything.
Percentage of people saving money by population group in French Polynesia
| Group | Savers | Non Savers |
|---|
| Singles | 66% | 34% |
| Couples | 61% | 39% |
| Families | 56% | 44% |
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
Saving to Income Ratio
Average Monthly Saved Amount
3,800 XPF
$35 | 50,000 XPF
$450 | 500,000 XPF
$4,500 |
For most people, 10% to 30% of their monthly income is what they can allocate to their savings, with 17% being the average. The amount of money that people can save is approximately 50,000 XPF on average with savings ranging from 3,800 XPF to 500,000 XPF.
66% of surveyed singles reported some of their income going to savings while 61% of couples said the same. 56% of families confirmed their ability to save money.
How much money do people actually save in French Polynesia?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Singles
Saving to Income Ratio
Average Monthly Saved Amount
11,000 XPF
$100 | 34,000 XPF
$310 | 230,000 XPF
$2,100 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 31% |
| 10% - 20% | 24% |
| 20% - 30% | 16% |
| 30% - 40% | 14% |
| 40% - 50% | 11% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 13% to 32% of their monthly income to savings, with 21% being the average for most singles. The average amount of money that singles are able to save is 34,000 XPF with 11,000 XPF and 230,000 XPF being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
19,000 XPF
$170 | 57,000 XPF
$520 | 310,000 XPF
$2,800 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 35% |
| 10% - 20% | 26% |
| 20% - 30% | 19% |
| 30% - 40% | 9% |
| 40% - 50% | 8% |
| > 50% | 3% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 11% to 31% of their monthly income, with 19% being the average for most couples. The average amount of money that couples can save is 57,000 XPF with 19,000 XPF and 310,000 XPF being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
27,000 XPF
$240 | 76,000 XPF
$700 | 420,000 XPF
$3,800 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 38% |
| 10% - 20% | 29% |
| 20% - 30% | 20% |
| 30% - 40% | 6% |
| 40% - 50% | 5% |
| > 50% | 2% |
Interpretation and Analysis
Families in French Polynesia can save anywhere between 9% to 28% of their monthly income, with 16% being the average for most families. The average amount of money that families can put aside is 76,000 XPF with 27,000 XPF and 420,000 XPF being the minimum and maximum respectively.
A typical and healthy budgeting structure
The 50/30/20 rule
Spending among different people can vary significantly based on factors such as their income, lifestyle,
location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule,
which suggests allocating your income into three main categories in the following percentages.
50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
About financial planning, money management, and household budgeting
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in French Polynesia
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in French Polynesia?
Around 62% of surveyed residents think that living in French Polynesia is affordable with proper budgeting while 38% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in French Polynesia
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 options56%
Few low-cost options44%
Based on the survey, 56% of the people living in French Polynesia have no problem finding low-cost alternatives to support a frugal lifestyle while 44% 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 French Polynesia whether they have an emergency fund and the answers were as follows.
Yes58%
No42%
Based on the survey, 42% of the people living in French Polynesia said that they don't have an emergency fund while 58% said that they do.
Financial Literacy in French Polynesia
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 residents of French Polynesia 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 residents of French Polynesia have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 44% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 56% said that they have everything under control.
Struggles with finance44%
Easily manages finances56%
Financial goals of people in French Polynesia
In an attempt to understand the economic situation in French Polynesia, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.
| Financial Goal | % People |
|---|
| Emergency Fund | 7% |
| Debt Reduction | 36% |
| Retirement Savings | 9% |
| Education Funding | 8% |
| Homeownership | 17% |
| Investing | 8% |
| Travel or Lifestyle | 9% |
| Healthcare Expenses | 11% |
| Financial Independence | 7% |
Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 36% 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.
Saving Challenges in French Polynesia
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in French Polynesia. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 6% |
| High Expenses | 9% |
| Debt and Loans | 16% |
| Lack of Budgeting Skills | 11% |
| Impulsive Spending | 10% |
| Financial Emergencies | 6% |
| Living the moment | 6% |
| Will do it later | 18% |
| Inflation | 12% |
| Social Pressure | 3% |
| Market Instability | 3% |
Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 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% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 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 societal expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.
Typical saving choices for people in French Polynesia
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 11% |
| Gold | 11% |
| Savings Accounts | 17% |
| Retirement Accounts | 11% |
| Cash Savings | 18% |
| Real Estate | 10% |
| Investment | 6% |
| Stocks | 5% |
| Bonds | 6% |
| Mutual Funds | 3% |
| Certificates of Deposit | 3% |
Retirement, pension plans, and life after work in French Polynesia
What does the retirement lifestyle look like in French Polynesia and how much retirement savings are required?
Retirement age
The retirement age for most employees in French Polynesia is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.
Retirement planning and savings
There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.
The typical saved amount of money you should have at every age as multiples of monthly salary:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in French Polynesia:| Age | Amount |
|---|
| 25 | 380,000 XPF |
| 30 | 760,000 XPF |
| 35 | 1.3M XPF |
| 40 | 1.9M XPF |
| 45 | 2.8M XPF |
| 50 | 4M XPF |
| 55 | 4.7M XPF |
| 60 | 5.9M XPF |
| 65 | 7M XPF |
Retirement Income Distribution
We asked residents of French Polynesia about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 13% |
| Savings | 22% |
| Investments | 13% |
| Social Security | 8% |
| Annuities | 8% |
| Part-time Job | 12% |
| Real Estate | 17% |
| Dividends and Interest | 8% |
Retirement Monthly Expenses in French Polynesia 24,000 XPF
$210 | 71,000 XPF
$640 | 470,000 XPF
$4,300 |
Debt, loans, and mortgages in French Polynesia
Percentage of people who are in debt
According to the survey, 31% of the people in French Polynesia have some kind of debt, loan, mortgage, or credit card payments while 69% reported that they don't have financial obligations to banks.
Debt-to-income ratio in French Polynesia
Debt to income ratio
30%
21% to 39%
( monthly debt payment / monthly income ) x 100
Interpretation
The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 30% of the people's monthly income in French Polynesia goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 14% |
| 40% - 50% | 12% |
| 30% - 40% | 14% |
| 20% - 30% | 13% |
| 10% - 20% | 16% |
| 0% - 10% | 27% |
According to our data, 3% of the debtors in French Polynesia pay 60%+ of their income as debt settlement while 14% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 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 French Polynesia
| Debt | % People |
|---|
| Real Estate Mortgage | 11% |
| Auto Loan | 20% |
| Student Loan | 3% |
| Credit Card | 27% |
| Personal Loan | 39% |
11% of debtors in French Polynesia 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 20% of people and personal loans rose at 39%. Lastly, student loans are the main source of debt for 3% of debtors in French Polynesia.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
Good debt vs. Bad debt
Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.
Loan Affordability Index in French Polynesia
Besides measuring the loan-to-income ratio, we asked residents of French Polynesia how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.
Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.
| Frequency | % People |
|---|
| Never | 53% |
| Once a year | 23% |
| Twice a year | 12% |
| Three times a year | 8% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in French Polynesia
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in French Polynesia
Monthly Rent Prices
Studio apartment | 12,000 XPF | 18,000 XPF | 49,000 XPF |
1-bedroom apartment | 18,000 XPF | 29,000 XPF | 73,000 XPF |
2-bedroom apartment | 24,000 XPF | 37,000 XPF | 97,000 XPF |
3-bedroom apartment | 29,000 XPF | 49,000 XPF | 130,000 XPF |
Furnished apartment | 58,000 XPF | 150,000 XPF | 290,000 XPF |
Townhouse | 49,000 XPF | 73,000 XPF | 210,000 XPF |
House | 58,000 XPF | 150,000 XPF | 290,000 XPF |
Villa | 73,000 XPF | 180,000 XPF | 290,000 XPF |
The monthly rental cost of a studio apartment in French Polynesia ranges between 12,000 XPF and 49,000 XPF, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 18,000 XPF to 73,000 XPF. Two-bedroom rentals rate ranges between 24,000 XPF and 97,000 XPF per month. The monthly rental for a three-bedroom apartment ranges from 29,000 XPF to 130,000 XPF. The average rent of a townhouse in French Polynesia is around 73,000 XPF while house rental costs can be as high as 150,000 XPF per month. Finally, if you want to rent a villa, expect to pay anywhere from 73,000 XPF to 290,000 XPF per month.
Apartment and house prices in French Polynesia
Cost of buying a property
Studio apartment | 2.4M XPF | 3.7M XPF | 7.3M XPF |
1-bedroom apartment | 2.9M XPF | 4.9M XPF | 18M XPF |
2-bedroom apartment | $44,000 | $130,000 | $270,000 |
3-bedroom apartment | $150,000 | $220,000 | $660,000 |
Townhouse
House | 24M XPF | 150M XPF | 210M XPF |
Villa | 29M XPF | 160M XPF | 240M XPF |
The average price of a studio apartment in French Polynesia can range from 2.4M XPF to 7.3M XPF depending on location. One bedroom cost can be anywhere from 2.9M XPF to 18M XPF. A villa can cost you 160M XPF on average with prices ranging from 29M XPF to 240M XPF.
If you're leasing or purchasing, housing costs in French Polynesia 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
| 37 | x105 monthly income | 203 |
Property prices in French Polynesia can be x105 to x203 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x105 multiples of the average monthly salary in French Polynesia.
Rent to income ratio
Rent to income ratio( monthly rental / monthly income ) x 100
The average rent-to-income ratio in French Polynesia is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 21% to 41% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
Housing affordability index
The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.
Housing Affordability Index
29% Property Taxes
Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.
Home Maintenance Costs
Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.
| 220 XPF | 2,800 XPF | 28,000 XPF |
Urban vs. rural living costs
Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.
SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in French Polynesia
Housing32%
32% of total expenses on average (20% to 44%)
| LOW | $110 12,000 XPF |
| AVERAGE | $320 35,000 XPF |
| HIGH | $2,100 230,000 XPF |
| Per Month |
Utilities, Electricity, Water8%
8% of total expenses on average (4% to 13%)
| LOW | $18 1,900 XPF |
| AVERAGE | $53 5,800 XPF |
| HIGH | $350 39,000 XPF |
| Per Month |
Transport, Fuel6%
6% of total expenses on average (4% to 12%)
| LOW | $24 2,600 XPF |
| AVERAGE | $71 7,800 XPF |
| HIGH | $470 52,000 XPF |
| Per Month |
Food and Groceries18%
18% of total expenses on average (12% to 23%)
| LOW | $47 5,200 XPF |
| AVERAGE | $140 16,000 XPF |
| HIGH | $940 100,000 XPF |
| Per Month |
Healthcare11%
11% of total expenses on average (5% to 15%)
| LOW | $26 2,900 XPF |
| AVERAGE | $79 8,700 XPF |
| HIGH | $530 58,000 XPF |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (3% to 6%)
| LOW | $15 1,600 XPF |
| AVERAGE | $44 4,900 XPF |
| HIGH | $290 32,000 XPF |
| Per Month |
Education2%
2% of total expenses on average (1% to 4%)
| LOW | $5.9 650 XPF |
| AVERAGE | $18 1,900 XPF |
| HIGH | $120 13,000 XPF |
| Per Month |
Other Expenses21%
21% of total expenses on average (13% to 25%)
| LOW | $53 5,800 XPF |
| AVERAGE | $160 17,000 XPF |
| HIGH | $1,100 120,000 XPF |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in French Polynesia
Housing29%
29% of total expenses on average (22% to 39%)
| LOW | $160 18,000 XPF |
| AVERAGE | $490 53,000 XPF |
| HIGH | $2,600 280,000 XPF |
| Per Month |
Utilities, Electricity, Water7%
7% of total expenses on average (5% to 11%)
| LOW | $25 2,700 XPF |
| AVERAGE | $74 8,100 XPF |
| HIGH | $390 43,000 XPF |
| Per Month |
Transport, Fuel10%
10% of total expenses on average (4% to 15%)
| LOW | $59 6,500 XPF |
| AVERAGE | $180 19,000 XPF |
| HIGH | $940 100,000 XPF |
| Per Month |
Food and Groceries16%
16% of total expenses on average (11% to 21%)
| LOW | $69 7,600 XPF |
| AVERAGE | $210 23,000 XPF |
| HIGH | $1,100 120,000 XPF |
| Per Month |
Healthcare13%
13% of total expenses on average (7% to 17%)
| LOW | $54 5,900 XPF |
| AVERAGE | $160 18,000 XPF |
| HIGH | $860 95,000 XPF |
| Per Month |
Leisure, Shopping4%
4% of total expenses on average (2% to 7%)
| LOW | $29 3,200 XPF |
| AVERAGE | $88 9,700 XPF |
| HIGH | $470 52,000 XPF |
| Per Month |
Education2%
2% of total expenses on average (1% to 4%)
| LOW | $9.8 1,100 XPF |
| AVERAGE | $29 3,200 XPF |
| HIGH | $160 17,000 XPF |
| Per Month |
Other Expenses20%
20% of total expenses on average (14% to 26%)
| LOW | $83 9,200 XPF |
| AVERAGE | $250 28,000 XPF |
| HIGH | $1,300 150,000 XPF |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in French Polynesia
Housing28%
28% of total expenses on average (23% to 38%)
| LOW | $220 24,000 XPF |
| AVERAGE | $630 69,000 XPF |
| HIGH | $3,500 380,000 XPF |
| Per Month |
Transport, Fuel6%
6% of total expenses on average (4% to 8%)
| LOW | $55 6,000 XPF |
| AVERAGE | $160 17,000 XPF |
| HIGH | $860 95,000 XPF |
| Per Month |
Food and Groceries20%
20% of total expenses on average (13% to 26%)
| LOW | $120 14,000 XPF |
| AVERAGE | $350 39,000 XPF |
| HIGH | $1,900 210,000 XPF |
| Per Month |
Healthcare10%
10% of total expenses on average (6% to 15%)
| LOW | $55 6,000 XPF |
| AVERAGE | $160 17,000 XPF |
| HIGH | $860 95,000 XPF |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $34 3,800 XPF |
| AVERAGE | $98 11,000 XPF |
| HIGH | $540 59,000 XPF |
| Per Month |
Education14%
14% of total expenses on average (7% to 22%)
| LOW | $96 11,000 XPF |
| AVERAGE | $270 30,000 XPF |
| HIGH | $1,500 170,000 XPF |
| Per Month |
Other Expenses15%
15% of total expenses on average (8% to 20%)
| LOW | $82 9,100 XPF |
| AVERAGE | $240 26,000 XPF |
| HIGH | $1,300 140,000 XPF |
| Per Month |
StudentCost of living and expenses break down for students living in French Polynesia
Housing20%
20% of total expenses on average (15% to 26%)
| LOW | $57 6,300 XPF |
| AVERAGE | $140 16,000 XPF |
| HIGH | $260 28,000 XPF |
| Per Month |
Utilities, Electricity, Water6%
6% of total expenses on average (4% to 10%)
| LOW | $9.6 1,100 XPF |
| AVERAGE | $24 2,600 XPF |
| HIGH | $43 4,700 XPF |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (5% to 11%)
| LOW | $17 1,800 XPF |
| AVERAGE | $42 4,600 XPF |
| HIGH | $75 8,300 XPF |
| Per Month |
Food and Groceries22%
22% of total expenses on average (16% to 26%)
| LOW | $48 5,300 XPF |
| AVERAGE | $120 13,000 XPF |
| HIGH | $220 24,000 XPF |
| Per Month |
Healthcare8%
8% of total expenses on average (5% to 11%)
| LOW | $14 1,600 XPF |
| AVERAGE | $36 3,900 XPF |
| HIGH | $65 7,100 XPF |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $12 1,300 XPF |
| AVERAGE | $30 3,300 XPF |
| HIGH | $54 5,900 XPF |
| Per Month |
Education19%
19% of total expenses on average (12% to 24%)
| LOW | $45 5,000 XPF |
| AVERAGE | $110 12,000 XPF |
| HIGH | $200 22,000 XPF |
| Per Month |
Other Expenses18%
18% of total expenses on average (12% to 24%)
| LOW | $36 3,900 XPF |
| AVERAGE | $90 9,900 XPF |
| HIGH | $160 18,000 XPF |
| Per Month |
