Cost Of Living in Gazza 2025

cost of living chart - average monthly expenditure in Gazza

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

Whether you're living in Gazza or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: USD
86 1,100 11,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Single

Currency: USD
110 770 5,200
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Couple

Currency: USD
430 1,300 6,900
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Family

Currency: USD
600 1,700 11,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Student

Currency: USD
86 570 3,800
MINIMUM AVERAGE MAXIMUM
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Gazza is 770 USD. Expenses can range from 110 USD at the minimum level to 5,200 USD at the highest end.


Couples

The average monthly spending of couples in Gazza is 1,300 USD. Expenditure can range from 430 USD to 6,900 USD per month.


Families

The average cost of living for families in Gazza is 1,700 USD per month. Families spend anywhere from 600 USD to 11,000 USD.


Students

The average monthly expenditure for students in Gazza is 570 USD. Students spend from 86 USD to 3,800 USD 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 Gazza


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

Dining, food, and beverages costs


Fast food combo meal

1.1 USD 2.2 USD 3.7 USD
MINIMUM AVERAGE MAXIMUM

Restaurant meal for one

3.8 USD 5.7 USD 11 USD
MINIMUM AVERAGE MAXIMUM

Fine dining meal for one

7.6 USD 11 USD 45 USD
MINIMUM AVERAGE MAXIMUM

Cappuccino or latte

0.93 USD 1.5 USD 2.2 USD
MINIMUM AVERAGE MAXIMUM

Grocery and market costs


Milk large bottle

0.75 USD 0.89 USD 1.1 USD
MINIMUM AVERAGE MAXIMUM

12 eggs

0.56 USD 0.75 USD 1.1 USD
MINIMUM AVERAGE MAXIMUM

Fresh whole chicken

1.3 USD 1.6 USD 2.3 USD
MINIMUM AVERAGE MAXIMUM

Pack of beef

1.5 USD 2.2 USD 4.5 USD
MINIMUM AVERAGE MAXIMUM

Medium bag of rice

0.60 USD 0.82 USD 1.2 USD
MINIMUM AVERAGE MAXIMUM

Bag of tomatos

0.22 USD 0.30 USD 0.56 USD
MINIMUM AVERAGE MAXIMUM

Bag of apples

0.40 USD 0.52 USD 0.86 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of commute, travel, and transportation in Gazza

Commute, travel, and transportation costs


20 minutes taxi ride

0.95 USD 1.1 USD 2.3 USD
MINIMUM AVERAGE MAXIMUM

Average car full tank

5.6 USD 7.5 USD 15 USD
MINIMUM AVERAGE MAXIMUM

Average car 1-day rental

5.8 USD 7.7 USD 12 USD
MINIMUM AVERAGE MAXIMUM

Average car price

2,800 USD 5,600 USD 7,500 USD
MINIMUM AVERAGE MAXIMUM

Bus ticket one way

0.19 USD 0.29 USD 0.58 USD
MINIMUM AVERAGE MAXIMUM

Car Service

7.7 USD 12 USD 23 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of utility, energy, water, and gas for a family in Gazza

Utility cost (monthly)


Utility Bill - Individual

6.5 USD 46 USD 310 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill - Couple

17 USD 58 USD 380 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill - Family

30 USD 86 USD 560 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable

5.6 USD 11 USD 15 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone charges

4.5 USD 7.5 USD 22 USD
MINIMUM AVERAGE MAXIMUM

Leisure and activities costs


Movie ticket

2.8 USD 3.7 USD 5.6 USD
MINIMUM AVERAGE MAXIMUM

One month gym membership

9.2 USD 12 USD 23 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of clothing and accessories in Gazza

Cloths and accessories costs


Pair of jeans or pants

6.8 USD 9.6 USD 14 USD
MINIMUM AVERAGE MAXIMUM

Woman dress

6.4 USD 8.9 USD 29 USD
MINIMUM AVERAGE MAXIMUM

Woman shoes

6.1 USD 8.2 USD 19 USD
MINIMUM AVERAGE MAXIMUM

Men's shoes

5.2 USD 6.4 USD 13 USD
MINIMUM AVERAGE MAXIMUM

Men suit

5.8 USD 7.2 USD 38 USD
MINIMUM AVERAGE MAXIMUM

Regular t-shirt

2.9 USD 3.8 USD 12 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of housing, accommodation, and rent in Gazza

Housing costs / monthly rent


Studio apartment

96 USD 140 USD 380 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

140 USD 230 USD 580 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

190 USD 290 USD 770 USD
MINIMUM AVERAGE MAXIMUM

Housing costs / Buying


Studio apartment

19,000 USD 29,000 USD 58,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

23,000 USD 38,000 USD 140,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

38,000 USD 120,000 USD 230,000 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of furniture in Gazza

Furniture Costs


King Size Bed

110 USD 140 USD 190 USD
MINIMUM AVERAGE MAXIMUM

Double Bed

75 USD 110 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Single Bed

66 USD 86 USD 110 USD
MINIMUM AVERAGE MAXIMUM

Living Room

120 USD 160 USD 560 USD
MINIMUM AVERAGE MAXIMUM

Dining Table

56 USD 75 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Sofa or Couch

75 USD 100 USD 220 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of electronic devices and appliances in Gazza

Electronics and House Appliance Costs


TV Set

75 USD 110 USD 220 USD
MINIMUM AVERAGE MAXIMUM

Fridge or Freezer

66 USD 100 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Washing Machine

86 USD 120 USD 220 USD
MINIMUM AVERAGE MAXIMUM

Stove or Cooker

80 USD 100 USD 140 USD
MINIMUM AVERAGE MAXIMUM

Mobile Phone

93 USD 110 USD 160 USD
MINIMUM AVERAGE MAXIMUM

Laptop or Computer

100 USD 120 USD 220 USD
MINIMUM AVERAGE MAXIMUM

Expenditure to Income Ratio in Gazza

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Cost of living and expenditure to income ratio in Gazza

Spending to Income Ratio

88%

81% to 97%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%5%
50% - 60%10%
60% - 70%16%
70% - 80%25%
80% - 90%19%
90% - 100%10%
100% - 110%6%
110% - 120%4%
120% - 130%3%
130% - 140%2%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Gazza is 88% This means that on average, people spend around 88% of their income for living. According to the distribution table, 16% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
79%
Spending-Income-Ratio
73%
88%

Couple
84%
Spending-Income-Ratio
77%
92%

Family
92%
Spending-Income-Ratio
85%
100%
Distribution of monthly cost of living expenses in Gazza

How do people spend their money in Gazza?

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 Expenditure24%

24% of total expenses on average (13% to 32%)

LOW26 USD
AVERAGE330 USD
HIGH3,300 USD
Per Month

People living in Gazza typically spend from 13% to 32% of their total monthly expenditure on housing with 24% being the average. The average spend on housing is 330 USD with expenditure ranging from 26 USD to 3,300 USD. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (4% to 11%)

LOW4.3 USD
AVERAGE56 USD
HIGH560 USD
Per Month

Utility expenditure like electricity, water, and gas in Gazza ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 56 USD with 4.3 USD and 560 USD being the upper and lower limits.

Transport, Fuel, Commute7%

7% of total expenses on average (3% to 11%)

LOW8.6 USD
AVERAGE110 USD
HIGH1,100 USD
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 8.6 USD to 1,100 USD on commuting with 110 USD being the norm for most people in one month. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 3% or as high as 11%.

Food and Groceries Cost28%

28% of total expenses on average (20% to 34%)

LOW21 USD
AVERAGE280 USD
HIGH2,800 USD
Per Month

The average outlay on groceries in a month in Gazza is 280 USD. The cost of groceries can range between 21 USD to 2,800 USD. People spend on average about 28% on food and groceries with upper and lower bounds of 20% and 34% respectively.

Healthcare and Medical Services10%

10% of total expenses on average (5% to 13%)

LOW6 USD
AVERAGE78 USD
HIGH780 USD
Per Month

People in Gazza allocate 5% to 13% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 10%. The range of medical expenses range from 6 USD to 780 USD with 78 USD being the norm.

Leisure and Shopping5%

5% of total expenses on average (2% to 9%)

LOW3.4 USD
AVERAGE45 USD
HIGH450 USD
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 3.4 USD to 450 USD with 45 USD being the average. Speaking of percentages, that equates to 2% to 9% of total expenses with an average of 5% for most residents.

Education and Schooling5%

5% of total expenses on average (3% to 11%)

LOW5.2 USD
AVERAGE67 USD
HIGH670 USD
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 67 USD per month with 5.2 USD being the minimum spent amount and 670 USD being the maximum.

Other Expenses13%

13% of total expenses on average (8% to 20%)

LOW11 USD
AVERAGE150 USD
HIGH1,500 USD
Per Month
Percentage of people who manage to save money from their income every month in Gazza

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


Saving Money
60%
Not Saving
40%

Almost 60% of the surveyed people in Gazza said that they can save some money at the end of each month while 40% said that aren't saving anything.


Percentage of people saving money by population group in Gazza

GroupSaversNon Savers
Singles66%34%
Couples61%39%
Families56%45%

Savings-to-Income Ratio

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


Savings to income ratio in Gazza

Saving to Income Ratio

9.3% 17% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

29 USD 380 USD 3,800 USD
MINIMUM AVERAGE MAXIMUM

For most people, 9.3% 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 380 USD on average with savings ranging from 29 USD to 3,800 USD.

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 Gazza?

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

12% 21% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

29 USD 260 USD 1,800 USD
MINIMUM AVERAGE MAXIMUM

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 12% 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 260 USD with 29 USD and 1,800 USD being the minimum and maximum respectively.


Couples

Saving to Income Ratio

10% 19% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

150 USD 440 USD 2,300 USD
MINIMUM AVERAGE MAXIMUM

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 10% to 31% of their monthly income, with 19% being the average for most couples. The average amount of money that couples can save is 440 USD with 150 USD and 2,300 USD being the minimum and maximum respectively.


Families

Saving to Income Ratio

9.3% 16% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

210 USD 590 USD 3,800 USD
MINIMUM AVERAGE MAXIMUM

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 Gazza can save anywhere between 9.3% 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 590 USD with 210 USD and 3,800 USD being the minimum and maximum respectively.

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

Saving Challenges in Gazza

Reasons that make it difficult for people to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans15%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation12%
Social Pressure3%
Market Instability2%

Around 5% of the people 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. 15% 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. 11% 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. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 20% 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, 2% blamed market instability and price fluctuations.

Where do people choose to put their savings in Gazza

Typical saving choices for people in Gazza

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings19%
Real Estate9%
Investment5%
Stocks5%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical to live in Gazza

Affordable living in Gazza

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Gazza?


Yes
62%
No
38%

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

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

Low-cost alternatives in Gazza

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 options59%

Few low-cost options41%


Based on the survey, 59% of the people living in Gazza 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.

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

Yes59%

No41%


Based on the survey, 41% of the people living in Gazza said that they don't have an emergency fund while 59% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Gazza

Financial Literacy in Palestine

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 Leteracy55%


We asked residents of Palestine whether they acquired any adequate personal financial training in their lives. Approximately 45% 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 55% 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 Palestine have problems or difficulties in managing their expenditures and savings so we asked 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 and targets of people living in Gazza

Financial goals of people in Gazza

In an attempt to understand the economic situation in Gazza, 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 Fund8%
Debt Reduction40%
Retirement Savings9%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle8%
Healthcare Expenses12%
Financial Independence6%

Around 8% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 40% 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 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. 7% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 8% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 12% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Gazza

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

Retirement age

The retirement age for most employees in Palestine is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Gazza:
AgeAmount
253,000 USD
306,000 USD
3510,000 USD
4015,000 USD
4522,000 USD
5031,000 USD
5537,000 USD
6046,000 USD
6555,000 USD

Retirement Income Distribution

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

Source% People
Pensions12%
Savings23%
Investments12%
Social Security7%
Annuities7%
Part-time Job13%
Real Estate18%
Dividends and Interest7%

Retirement Monthly Expenses in Gazza

63 USD 570 USD 3,800 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Gazza

Debt, loans, and mortgages in Gazza


Percentage of people who are in debt


In Debt
31%
Debt Free
69%

According to the survey, 31% of the people in Gazza have some kind of debt, loan, mortgage, or credit card payments while 69% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Gazza

Debt-to-income ratio in Gazza

Debt to income ratio

31%

23% to 40%

( 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 31% of the people's monthly income in Gazza goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%16%
40% - 50%14%
30% - 40%16%
20% - 30%12%
10% - 20%14%
0% - 10%26%

According to our data, 3% of the debtors in Gazza pay 60%+ of their income as debt settlement while 16% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 14% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 16% dedicated 30% to 40% of income for same. Things are looking brighter for 12% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Gazza

Debt% People
Real Estate Mortgage10%
Auto Loan17%
Student Loan4%
Credit Card28%
Personal Loan41%

10% of debtors in Gazza confirm that real estate mortgages constitutes the main part of their outstanding debt while 28% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 17% of people and personal loans rose at 41%. Lastly, student loans are the main source of debt for 4% of debtors in Gazza.


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 Gazza

Besides measuring the loan-to-income ratio, we asked residents of Gazza 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
Never52%
Once a year23%
Twice a year12%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Gazza

Housing costs, accommodation, and housing affordability in Gazza

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


Rent Cost in Gazza

Monthly Rent Prices

Studio apartment monthly rent cost

96 USD 140 USD 380 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment monthly rent cost

140 USD 230 USD 580 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment monthly rent cost

190 USD 290 USD 770 USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment monthly rent cost

230 USD 380 USD 1,000 USD
MINIMUM AVERAGE MAXIMUM

Furnished apartment monthly rent cost

460 USD 1,200 USD 2,300 USD
MINIMUM AVERAGE MAXIMUM

Townhouse monthly rent cost

380 USD 580 USD 1,600 USD
MINIMUM AVERAGE MAXIMUM

House monthly rent cost

460 USD 1,200 USD 2,300 USD
MINIMUM AVERAGE MAXIMUM

Villa monthly rent cost

580 USD 1,400 USD 2,300 USD
MINIMUM AVERAGE MAXIMUM

The monthly rental cost of a studio apartment in Gazza ranges between 96 USD and 380 USD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 140 USD to 580 USD. Two-bedroom rentals rate ranges between 190 USD and 770 USD per month. The monthly rental for a three-bedroom apartment ranges from 230 USD to 1,000 USD. The average rent of a townhouse in Gazza is around 580 USD while house rental costs can be as high as 1,200 USD per month. Finally, if you want to rent a villa, expect to pay anywhere from 580 USD to 2,300 USD per month.



Apartment and house prices in Gazza

Cost of buying a property

Studio apartment price

19,000 USD 29,000 USD 58,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment price

23,000 USD 38,000 USD 140,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment price

38,000 USD 120,000 USD 230,000 USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment price

130,000 USD 190,000 USD 580,000 USD
MINIMUM AVERAGE MAXIMUM

Townhouse price

160,000 USD 380,000 USD 1.4M USD
MINIMUM AVERAGE MAXIMUM

House price

190,000 USD 1.2M USD 1.6M USD
MINIMUM AVERAGE MAXIMUM

Villa price

230,000 USD 1.3M USD 1.9M USD
MINIMUM AVERAGE MAXIMUM

The average price of a studio apartment in Gazza can range from 19,000 USD to 58,000 USD depending on location. One bedroom cost can be anywhere from 23,000 USD to 140,000 USD. A villa can cost you 1.3M USD on average with prices ranging from 230,000 USD to 1.9M USD.


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


36 x104 monthly income 207
MINIMUM AVERAGE MAXIMUM

Property prices in Gazza can be x104 to x207 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x104 multiples of the average monthly salary in Gazza.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


21% 31% of income 41%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Gazza 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.


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.


1.7 USD 22 USD 220 USD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Gazza

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / Individual

6.5 USD 46 USD 310 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill Cost / Electricity + Water + Gas / Couple

17 USD 58 USD 380 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill Cost / Electricity + Water + Gas / Family

30 USD 86 USD 560 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable cost

5.6 USD 11 USD 15 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone bill and charges

4.5 USD 7.5 USD 22 USD
MINIMUM AVERAGE MAXIMUM

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


The average monthly expenditure for individuals on electricty, water, and gas in Gazza ranges between 6.5 USD and 310 USD with average being 46 USD, meanwhile the expenditure of couples is slightly higher at 58 USD with 17 USD and 380 USD being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 86 USD. The cost of internet and WiFi is unchanged among the three groups and ranges from 5.6 USD to 15 USD with 11 USD being the average internet bill. Finally, the average monthly mobile charges is around 7.5 USD but can range between 4.5 USD and 22 USD 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


3.1% 6.2% of income 10%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Gazza is around 6.2%. This means that people pay 6.2% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.1% to 10% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Gazza

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


Prices and cost of goods and services in Gazza

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

Fast food combo meal price

1.1 USD 2.2 USD 3.7 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Gazza is approximatly 2.2 USD with meal cost ranging from 1.1 USD to 3.7 USD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

3.8 USD 5.7 USD 11 USD
MINIMUM AVERAGE MAXIMUM

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 3.8 USD and 11 USD with 5.7 USD being the average price of a plate for one person at a regular restaurant in Gazza.

Fine dining meal for one price

7.6 USD 11 USD 45 USD
MINIMUM AVERAGE MAXIMUM

The price range of a meal at fine-dining restaurant is 7.6 USD to 45 USD with the average cost being 11 USD for one person. This is what you would expect to pay a top-tier diner in Gazza.

Beverage prices, cappuccino, latte etc..

0.93 USD 1.5 USD 2.2 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Gazza is around 1.5 USD. Price ranges between 0.93 USD and 2.2 USD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

0.75 USD 0.89 USD 1.1 USD
MINIMUM AVERAGE MAXIMUM

The average price of a large bottle of milk in Gazza is 0.89 USD. The maximum what you would pay for milk is 1.1 USD and the minimum being 0.75 USD depending on the brand of milk and other properties.

12 eggs price

0.56 USD 0.75 USD 1.1 USD
MINIMUM AVERAGE MAXIMUM

A dozen eggs costs around 0.75 USD on average with 0.56 USD and 1.1 USD being the lower and upper limits respectively.

Fresh whole chicken price

1.3 USD 1.6 USD 2.3 USD
MINIMUM AVERAGE MAXIMUM

The price range of a fresh whole chicken in Gazza is between 1.3 USD and 2.3 USD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 1.6 USD.

Pack of beef price

1.5 USD 2.2 USD 4.5 USD
MINIMUM AVERAGE MAXIMUM

The price of a regular pack of beef or meat is around 2.2 USD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

0.60 USD 0.82 USD 1.2 USD
MINIMUM AVERAGE MAXIMUM

A bag of rice in Gazza costs around 0.82 USD on average with prices rangeing between 0.60 USD and 1.2 USD depending on the brand and quality.

Bag of tomatos price

0.22 USD 0.30 USD 0.56 USD
MINIMUM AVERAGE MAXIMUM

A bag of tomatoes costs anywhere from 0.22 USD to 0.56 USD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

0.40 USD 0.52 USD 0.86 USD
MINIMUM AVERAGE MAXIMUM

A bag of apples costs 0.52 USD 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


19% 27% of income 33%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Gazza is around 27%. This means that people spend 27% of their income on grocery and basic household items. The expenditure can range from 19% to 33% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 120 USD per month on grocery and food with expenditure fluctuating between 17 USD and 820 USD depending on location and the type of person. The average cost of food and groceries for a couple is around 180 USD per month. That number can be get as low as 60 USD or a high as 960 USD. Families' spending on grocery ranges from 110 USD to 2,000 USD with the location, income, and size of the family being the most determinite factors.


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

Housing cost for a single person30%

30% of total expenses on average (18% to 42%)

LOW39 USD
AVERAGE280 USD
HIGH1,900 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

8% of total expenses on average (4% to 13%)

LOW6.5 USD
AVERAGE46 USD
HIGH310 USD
Per Month

Transport and Fuel Cost5%

5% of total expenses on average (3% to 11%)

LOW8.7 USD
AVERAGE62 USD
HIGH410 USD
Per Month

Food and Groceries Cost19%

19% of total expenses on average (13% to 24%)

LOW17 USD
AVERAGE120 USD
HIGH820 USD
Per Month

Healthcare Cost12%

12% of total expenses on average (6% to 16%)

LOW9.8 USD
AVERAGE70 USD
HIGH460 USD
Per Month

Leisure and Shopping Expenditure3%

3% of total expenses on average (2% to 6%)

LOW5.4 USD
AVERAGE39 USD
HIGH260 USD
Per Month

Education Cost1%

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

LOW2.2 USD
AVERAGE15 USD
HIGH100 USD
Per Month

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW20 USD
AVERAGE140 USD
HIGH930 USD
Per Month


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

Housing cost for a couple27%

27% of total expenses on average (20% to 37%)

LOW150 USD
AVERAGE440 USD
HIGH2,300 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

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

LOW17 USD
AVERAGE58 USD
HIGH380 USD
Per Month

Transport and Fuel Cost9%

9% of total expenses on average (3% to 14%)

LOW52 USD
AVERAGE150 USD
HIGH820 USD
Per Month

Food and Groceries Cost17%

17% of total expenses on average (12% to 22%)

LOW60 USD
AVERAGE180 USD
HIGH960 USD
Per Month

Healthcare Cost14%

14% of total expenses on average (8% to 18%)

LOW47 USD
AVERAGE140 USD
HIGH760 USD
Per Month

Leisure and Shopping Cost4%

4% of total expenses on average (1% to 7%)

LOW26 USD
AVERAGE77 USD
HIGH410 USD
Per Month

Education Cost1%

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

LOW8.6 USD
AVERAGE26 USD
HIGH140 USD
Per Month

Other Expenses20%

20% of total expenses on average (14% to 26%)

LOW73 USD
AVERAGE220 USD
HIGH1,200 USD
Per Month


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

Housing cost for a family26%

26% of total expenses on average (21% to 36%)

LOW190 USD
AVERAGE550 USD
HIGH3,600 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile5%

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

LOW30 USD
AVERAGE86 USD
HIGH560 USD
Per Month

Transport and Fuel Expenses5%

5% of total expenses on average (3% to 7%)

LOW60 USD
AVERAGE170 USD
HIGH1,100 USD
Per Month

Food and Groceries Cost21%

21% of total expenses on average (14% to 27%)

LOW110 USD
AVERAGE310 USD
HIGH2,000 USD
Per Month

Healthcare Expenses11%

11% of total expenses on average (7% to 16%)

LOW54 USD
AVERAGE170 USD
HIGH890 USD
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (1% to 7%)

LOW30 USD
AVERAGE86 USD
HIGH560 USD
Per Month

Education Cost13%

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

LOW84 USD
AVERAGE240 USD
HIGH1,600 USD
Per Month

Other Expenses15%

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

LOW48 USD
AVERAGE140 USD
HIGH890 USD
Per Month


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

Housing costs for Student18%

18% of total expenses on average (13% to 24%)

LOW21 USD
AVERAGE140 USD
HIGH900 USD
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses6%

6% of total expenses on average (4% to 10%)

LOW3.4 USD
AVERAGE23 USD
HIGH150 USD
Per Month

Transport and Fuel Cost4%

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

LOW6 USD
AVERAGE40 USD
HIGH260 USD
Per Month

Food and Groceries Expenditure23%

23% of total expenses on average (17% to 27%)

LOW17 USD
AVERAGE110 USD
HIGH750 USD
Per Month

Healthcare Cost9%

9% of total expenses on average (6% to 12%)

LOW5.2 USD
AVERAGE34 USD
HIGH230 USD
Per Month

Leisure and Shopping Cost3%

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

LOW4.3 USD
AVERAGE28 USD
HIGH190 USD
Per Month

Education Cost18%

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

LOW16 USD
AVERAGE110 USD
HIGH720 USD
Per Month

Other Expenses18%

18% of total expenses on average (12% to 24%)

LOW13 USD
AVERAGE85 USD
HIGH570 USD
Per Month
evoeicarsraw©copound