Cost Of Living in Honduras 2025

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

Whether you're living in Honduras 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.

Singles

The average monthly expense for a single person living in Honduras is 50,000 HNL. Expenses can range from 7,100 HNL at the minimum level to 330,000 HNL at the highest end.

Couples

The average monthly spending of couples in Honduras is 84,000 HNL. Expenditure can range from 28,000 HNL to 450,000 HNL per month.

Families

The average cost of living for families in Honduras is 110,000 HNL per month. Families spend anywhere from 39,000 HNL to 730,000 HNL.

Students

The average monthly expenditure for students in Honduras is 37,000 HNL. Students spend from 5,600 HNL to 240,000 HNL per month.

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

Almost 62% of the surveyed people in Honduras said that they can save some money at the end of each month while 38% said that aren't saving anything.

Percentage of people saving money by population group in Honduras

Saving to Income Ratio

Average Monthly Saved Amount

For most people, 9% to 29% of their monthly income is what they can allocate to their savings, with 16% being the average. The amount of money that people can save is approximately 25,000 HNL on average with savings ranging from 1,900 HNL to 250,000 HNL.

64% of surveyed singles reported some of their income going to savings while 59% of couples said the same. 54% of families confirmed their ability to save money.

How much money do people actually save in Honduras?

Singles

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for singles

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 12% to 31% of their monthly income to savings, with 20% being the average for most singles. The average amount of money that singles are able to save is 17,000 HNL with 1,900 HNL and 120,000 HNL being the minimum and maximum respectively.

Couples

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for couples

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 10% to 30% of their monthly income, with 18% being the average for most couples. The average amount of money that couples can save is 29,000 HNL with 9,600 HNL and 150,000 HNL being the minimum and maximum respectively.

Families

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for families

Interpretation and Analysis

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

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

Typical saving choices for people in Honduras

Where do people choose to put their savings?

Saving Challenges in Honduras

Reasons that make it difficult for people to save money

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

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. 19% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Food Prices, Dining Expenses, and Grocery Costs in Honduras

Prices and cost of goods and services in Honduras

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

Fast food combo meal price

75 HNL

150 HNL

250 HNL

MINIMUM

AVERAGE

MAXIMUM

$3

$6.1

$10

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

Restaurant meal for one price

250 HNL

380 HNL

750 HNL

MINIMUM

AVERAGE

MAXIMUM

$10

$15

$30

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

Fine dining meal for one price

500 HNL

750 HNL

3,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$20

$30

$120

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

Beverage prices, cappuccino, latte etc..

63 HNL

100 HNL

150 HNL

MINIMUM

AVERAGE

MAXIMUM

$2.5

$4.1

$6.1

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

Grocery and market costs

Large bottle of milk price

50 HNL

60 HNL

75 HNL

MINIMUM

AVERAGE

MAXIMUM

$2

$2.4

$3

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

12 eggs price

38 HNL

50 HNL

75 HNL

MINIMUM

AVERAGE

MAXIMUM

$1.5

$2

$3

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

Fresh whole chicken price

85 HNL

110 HNL

160 HNL

MINIMUM

AVERAGE

MAXIMUM

$3.5

$4.5

$6.3

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

Pack of beef price

100 HNL

150 HNL

300 HNL

MINIMUM

AVERAGE

MAXIMUM

$4.1

$6.1

$12

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

Medium bag of rice price

40 HNL

55 HNL

78 HNL

MINIMUM

AVERAGE

MAXIMUM

$1.6

$2.2

$3.2

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

Bag of tomatos price

15 HNL

20 HNL

38 HNL

MINIMUM

AVERAGE

MAXIMUM

$0.61

$0.81

$1.5

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

Bag of apples price

27 HNL

35 HNL

58 HNL

MINIMUM

AVERAGE

MAXIMUM

$1.1

$1.4

$2.3

A bag of apples costs 35 HNL on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

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

Expenditure on food and grocery for every population group

A single person living alone spends approximately 8,000 HNL per month on grocery and food with expenditure fluctuating between 1,100 HNL and 54,000 HNL depending on location and the type of person. The average cost of food and groceries for a couple is around 12,000 HNL per month. That number can be get as low as 3,900 HNL or a high as 62,000 HNL. Families' spending on grocery ranges from 7,000 HNL to 130,000 HNL with the location, income, and size of the family being the most determinite factors.

FamilyAverage monthly expenses and break out of spending for families living in Honduras

Affordable living in Honduras

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Honduras?

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

CoupleAverage monthly living expenditure breaks and spending patterns for couples in Honduras

Financial goals of people in Honduras

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

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 38% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Financial Literacy in

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

Financial Leteracy57%

We asked residents of 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 have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 35% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 65% said that they have everything under control.

Struggles with finance35%

Easily manages finances65%

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

Yes61%

No39%

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

Retirement, pension plans, and life after work in Honduras

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

Retirement age

The retirement age for most employees in 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.

Retirement Income Distribution

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

Retirement Monthly Expenses in Honduras

Monthly costs and expenses of energy and basic utilities in Honduras

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

Utility Bill Cost / Electricity + Water + Gas / Individual

420 HNL

3,000 HNL

20,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$17

$120

$810

Utility Bill Cost / Electricity + Water + Gas / Couple

1,100 HNL

3,800 HNL

25,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$45

$150

$990

Utility Bill Cost / Electricity + Water + Gas / Family

2,000 HNL

5,600 HNL

36,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$79

$230

$1,500

Internet and cable cost

380 HNL

750 HNL

1,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$15

$30

$41

Mobile phone bill and charges

300 HNL

500 HNL

1,500 HNL

MINIMUM

AVERAGE

MAXIMUM

$12

$20

$61

The average monthly expenditure for individuals on electricty, water, and gas in Honduras ranges between 420 HNL and 20,000 HNL with average being 3,000 HNL, meanwhile the expenditure of couples is slightly higher at 3,800 HNL with 1,100 HNL and 25,000 HNL 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 5,600 HNL. The cost of internet and WiFi is unchanged among the three groups and ranges from 380 HNL to 1,000 HNL with 750 HNL being the average internet bill. Finally, the average monthly mobile charges is around 500 HNL but can range between 300 HNL and 1,500 HNL depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

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

SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Honduras

Debt, loans, and mortgages in Honduras

Percentage of people who are in debt

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

Debt-to-income ratio in Honduras

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 Honduras goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

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

Distribution by type of debt in Honduras

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

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.

Loan Affordability Index in Honduras

Besides measuring the loan-to-income ratio, we asked residents 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 Honduras

Rent Cost in Honduras

Monthly Rent Prices

Studio apartment monthly rent cost

6,300 HNL

9,400 HNL

25,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$250

$380

$1,000

1-bedroom apartment monthly rent cost

9,400 HNL

15,000 HNL

38,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$380

$610

$1,500

2-bedroom apartment monthly rent cost

13,000 HNL

19,000 HNL

50,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$510

$760

$2,000

3-bedroom apartment monthly rent cost

15,000 HNL

25,000 HNL

68,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$610

$1,000

$2,800

Furnished apartment monthly rent cost

30,000 HNL

75,000 HNL

150,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$1,200

$3,000

$6,100

Townhouse monthly rent cost

25,000 HNL

38,000 HNL

110,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$1,000

$1,500

$4,300

House monthly rent cost

30,000 HNL

75,000 HNL

150,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$1,200

$3,000

$6,100

Villa monthly rent cost

38,000 HNL

94,000 HNL

150,000 HNL

MINIMUM

AVERAGE

MAXIMUM

$1,500

$3,800

$6,100

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

Apartment and house prices in Honduras

Cost of buying a property

Studio apartment price

1.3M HNL

1.9M HNL

3.8M HNL

MINIMUM

AVERAGE

MAXIMUM

$51,000

$76,000

$150,000

1-bedroom apartment price

1.5M HNL

2.5M HNL

9.4M HNL

MINIMUM

AVERAGE

MAXIMUM

$61,000

$100,000

$380,000

2-bedroom apartment price

2.5M HNL

7.5M HNL

15M HNL

MINIMUM

AVERAGE

MAXIMUM

$100,000

$300,000

$610,000

3-bedroom apartment price

8.3M HNL

13M HNL

38M HNL

MINIMUM

AVERAGE

MAXIMUM

$340,000

$510,000

$1.5M

Townhouse price

11M HNL

25M HNL

94M HNL

MINIMUM

AVERAGE

MAXIMUM

$430,000

$1M

$3.8M

House price

13M HNL

75M HNL

110M HNL

MINIMUM

AVERAGE

MAXIMUM

$510,000

$3M

$4.3M

Villa price

15M HNL

83M HNL

130M HNL

MINIMUM

AVERAGE

MAXIMUM

$610,000

$3.4M

$5.1M

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

House / apartment prices to income ratio

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

Rent to income ratio

The average rent-to-income ratio in Honduras is around 30%. This means that people pay 30% of their income for rent. Those figures can range from 20% to 40% depending on the salary, location, and type of property.

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.

Low-cost alternatives in Honduras

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked 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 Honduras have no problem finding low-cost alternatives to support a frugal lifestyle while 41% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

How do people spend their money in Honduras?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

People living in Honduras typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 22,000 HNL with expenditure ranging from 1,700 HNL to 220,000 HNL. 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.

Utility expenditure like electricity, water, and gas in Honduras ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 3,600 HNL with 280 HNL and 36,000 HNL being the upper and lower limits.

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 560 HNL to 73,000 HNL on commuting with 7,300 HNL 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%.

The average outlay on groceries in a month in Honduras is 18,000 HNL. The cost of groceries can range between 1,400 HNL to 180,000 HNL. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

People in Honduras 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 390 HNL to 51,000 HNL with 5,100 HNL being the norm.

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 220 HNL to 29,000 HNL with 2,900 HNL being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.

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 4,400 HNL per month with 330 HNL being the minimum spent amount and 44,000 HNL being the maximum.

Expenditure to Income Ratio in Honduras

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

Expense to income distribution levels

Interpretation and Analysis

The average spending-to-salary ratio in Honduras 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.

Individual
77%
Spending-Income-Ratio

---

70%

85%

Couple
81%
Spending-Income-Ratio

---

74%

89%

Family
89%
Spending-Income-Ratio

---

82%

99%

StudentCost of living and expenses break down for students living in Honduras