Cost Of Living in Huambo 2025

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

Whether you're living in Huambo 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.

Expenditure to Income Ratio in Huambo

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 Huambo is 91% This means that on average, people spend around 91% of their income for living. According to the distribution table, 14% of the population spend approximately 60% to 70% of their income every month.

Individual
82%
Spending-Income-Ratio

---

77%

90%

Couple
87%
Spending-Income-Ratio

---

82%

95%

Family
96%
Spending-Income-Ratio

---

90%

110%

Debt, loans, and mortgages in Huambo

Percentage of people who are in debt

According to the survey, 33% of the people in Huambo have some kind of debt, loan, mortgage, or credit card payments while 67% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Huambo

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 34% of the people's monthly income in Huambo goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 4% of the debtors in Huambo pay 60%+ of their income as debt settlement while 20% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 16% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 18% dedicated 30% to 40% of income for same. Things are looking brighter for 8% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Huambo

6% of debtors in Huambo confirm that real estate mortgages constitutes the main part of their outstanding debt while 32% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 12% of people and personal loans rose at 45%. Lastly, student loans are the main source of debt for 4% of debtors in Huambo.

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 Huambo

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.

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

Financial goals of people in Huambo

In an attempt to understand the economic situation in Huambo, 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 9% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 46% said their number one priority is to pay off high-interest debt or loans and improve credit. 11% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 6% reported that their priority is saving for the tuition fees and education costs of their children while 19% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 5% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 16% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

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

Food Prices, Dining Expenses, and Grocery Costs in Huambo

Prices and cost of goods and services in Huambo

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

Fast food combo meal price

390 AOA

770 AOA

1,300 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.46

$0.91

$1.5

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Huambo is approximatly 770 AOA with meal cost ranging from 390 AOA to 1,300 AOA. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

1,300 AOA

2,000 AOA

4,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$1.6

$2.3

$4.7

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 1,300 AOA and 4,000 AOA with 2,000 AOA being the average price of a plate for one person at a regular restaurant in Huambo.

Fine dining meal for one price

2,600 AOA

4,000 AOA

16,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$3.1

$4.7

$19

The price range of a meal at fine-dining restaurant is 2,600 AOA to 16,000 AOA with the average cost being 4,000 AOA for one person. This is what you would expect to pay a top-tier diner in Huambo.

Beverage prices, cappuccino, latte etc..

320 AOA

520 AOA

770 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.38

$0.61

$0.91

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Huambo is around 520 AOA. Price ranges between 320 AOA and 770 AOA depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

260 AOA

310 AOA

390 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.30

$0.36

$0.46

The average price of a large bottle of milk in Huambo is 310 AOA. The maximum what you would pay for milk is 390 AOA and the minimum being 260 AOA depending on the brand of milk and other properties.

12 eggs price

190 AOA

260 AOA

390 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.23

$0.30

$0.46

A dozen eggs costs around 260 AOA on average with 190 AOA and 390 AOA being the lower and upper limits respectively.

Fresh whole chicken price

440 AOA

570 AOA

810 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.52

$0.67

$0.95

The price range of a fresh whole chicken in Huambo is between 440 AOA and 810 AOA depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 570 AOA.

Pack of beef price

520 AOA

770 AOA

1,500 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.61

$0.91

$1.8

The price of a regular pack of beef or meat is around 770 AOA. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

210 AOA

280 AOA

400 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.25

$0.34

$0.47

A bag of rice in Huambo costs around 280 AOA on average with prices rangeing between 210 AOA and 400 AOA depending on the brand and quality.

Bag of tomatos price

77 AOA

100 AOA

190 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.09

$0.12

$0.23

A bag of tomatoes costs anywhere from 77 AOA to 190 AOA. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

140 AOA

180 AOA

300 AOA

MINIMUM

AVERAGE

MAXIMUM

$0.16

$0.21

$0.35

A bag of apples costs 180 AOA 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 Huambo is around 29%. This means that people spend 29% of their income on grocery and basic household items. The expenditure can range from 21% to 35% depending on salary and location.

Expenditure on food and grocery for every population group

A single person living alone spends approximately 45,000 AOA per month on grocery and food with expenditure fluctuating between 6,300 AOA and 300,000 AOA depending on location and the type of person. The average cost of food and groceries for a couple is around 66,000 AOA per month. That number can be get as low as 22,000 AOA or a high as 350,000 AOA. Families' spending on grocery ranges from 40,000 AOA to 740,000 AOA with the location, income, and size of the family being the most determinite factors.

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

Retirement, pension plans, and life after work in Huambo

What does the retirement lifestyle look like in Huambo 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 Huambo

Monthly costs and expenses of energy and basic utilities in Huambo

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

Utility Bill Cost / Electricity + Water + Gas / Individual

2,400 AOA

17,000 AOA

110,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$2.8

$20

$130

Utility Bill Cost / Electricity + Water + Gas / Couple

6,300 AOA

21,000 AOA

140,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$7.4

$25

$160

Utility Bill Cost / Electricity + Water + Gas / Family

11,000 AOA

31,000 AOA

200,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$13

$37

$240

Internet and cable cost

1,900 AOA

3,900 AOA

5,200 AOA

MINIMUM

AVERAGE

MAXIMUM

$2.3

$4.6

$6.1

Mobile phone bill and charges

1,500 AOA

2,600 AOA

7,700 AOA

MINIMUM

AVERAGE

MAXIMUM

$1.8

$3

$9.1

The average monthly expenditure for individuals on electricty, water, and gas in Huambo ranges between 2,400 AOA and 110,000 AOA with average being 17,000 AOA, meanwhile the expenditure of couples is slightly higher at 21,000 AOA with 6,300 AOA and 140,000 AOA 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 31,000 AOA. The cost of internet and WiFi is unchanged among the three groups and ranges from 1,900 AOA to 5,200 AOA with 3,900 AOA being the average internet bill. Finally, the average monthly mobile charges is around 2,600 AOA but can range between 1,500 AOA and 7,700 AOA 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 Huambo is around 7.2%. This means that people pay 7.2% of their income for energy, water, internet, and mobile charges. Those figures can range from 4.1% to 11% depending on salary and location.

Housing costs, accommodation, and housing affordability in Huambo

Rent Cost in Huambo

Monthly Rent Prices

Studio apartment monthly rent cost

34,000 AOA

51,000 AOA

140,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$40

$60

$160

1-bedroom apartment monthly rent cost

51,000 AOA

81,000 AOA

200,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$60

$96

$240

2-bedroom apartment monthly rent cost

68,000 AOA

100,000 AOA

270,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$80

$120

$320

3-bedroom apartment monthly rent cost

81,000 AOA

140,000 AOA

370,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$96

$160

$440

Furnished apartment monthly rent cost

160,000 AOA

410,000 AOA

810,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$190

$480

$960

Townhouse monthly rent cost

140,000 AOA

200,000 AOA

580,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$160

$240

$680

House monthly rent cost

160,000 AOA

410,000 AOA

810,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$190

$480

$960

Villa monthly rent cost

200,000 AOA

510,000 AOA

810,000 AOA

MINIMUM

AVERAGE

MAXIMUM

$240

$600

$960

The monthly rental cost of a studio apartment in Huambo ranges between 34,000 AOA and 140,000 AOA, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 51,000 AOA to 200,000 AOA. Two-bedroom rentals rate ranges between 68,000 AOA and 270,000 AOA per month. The monthly rental for a three-bedroom apartment ranges from 81,000 AOA to 370,000 AOA. The average rent of a townhouse in Huambo is around 200,000 AOA while house rental costs can be as high as 410,000 AOA per month. Finally, if you want to rent a villa, expect to pay anywhere from 200,000 AOA to 810,000 AOA per month.

Apartment and house prices in Huambo

Cost of buying a property

Studio apartment price

6.8M AOA

10M AOA

20M AOA

MINIMUM

AVERAGE

MAXIMUM

$8,000

$12,000

$24,000

1-bedroom apartment price

8.1M AOA

14M AOA

51M AOA

MINIMUM

AVERAGE

MAXIMUM

$9,600

$16,000

$60,000

2-bedroom apartment price

14M AOA

41M AOA

81M AOA

MINIMUM

AVERAGE

MAXIMUM

$16,000

$48,000

$96,000

3-bedroom apartment price

45M AOA

68M AOA

200M AOA

MINIMUM

AVERAGE

MAXIMUM

$53,000

$80,000

$240,000

Townhouse price

58M AOA

140M AOA

510M AOA

MINIMUM

AVERAGE

MAXIMUM

$68,000

$160,000

$600,000

House price

68M AOA

410M AOA

580M AOA

MINIMUM

AVERAGE

MAXIMUM

$80,000

$480,000

$680,000

Villa price

81M AOA

450M AOA

680M AOA

MINIMUM

AVERAGE

MAXIMUM

$96,000

$530,000

$800,000

The average price of a studio apartment in Huambo can range from 6.8M AOA to 20M AOA depending on location. One bedroom cost can be anywhere from 8.1M AOA to 51M AOA. A villa can cost you 450M AOA on average with prices ranging from 81M AOA to 680M AOA.

House / apartment prices to income ratio

Property prices in Huambo can be x73 to x188 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x73 multiples of the average monthly salary in Huambo.

Rent to income ratio

The average rent-to-income ratio in Huambo is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 18% to 38% 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.

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 Leteracy41%

We asked residents of whether they acquired any adequate personal financial training in their lives. Approximately 59% 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 41% 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? 57% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 43% said that they have everything under control.

Struggles with finance57%

Easily manages finances43%

Affordable living in Huambo

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Huambo?

Around 48% of surveyed residents think that living in Huambo is affordable with proper budgeting while 52% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Huambo

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 options55%

Few low-cost options45%

Based on the survey, 55% of the people living in Huambo have no problem finding low-cost alternatives to support a frugal lifestyle while 45% 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 whether they have an emergency fund and the answers were as follows.

Yes45%

No56%

Based on the survey, 56% of the people living in Huambo said that they don't have an emergency fund while 45% said that they do.

Typical saving choices for people in Huambo

Where do people choose to put their savings?

Saving Challenges in Huambo

Reasons that make it difficult for people to save money

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

Around 4% of the people said that their salary is too low to accommodate a portion for savings while 7% said that the high cost of living leaves little room for savings. 11% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 22% 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. 14% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 2% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

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

Almost 54% of the surveyed people in Huambo said that they can save some money at the end of each month while 46% said that aren't saving anything.

Percentage of people saving money by population group in Huambo

Saving to Income Ratio

Average Monthly Saved Amount

For most people, 6.2% to 27% of their monthly income is what they can allocate to their savings, with 11% being the average. The amount of money that people can save is approximately 120,000 AOA on average with savings ranging from 9,200 AOA to 1.2M AOA.

59% of surveyed singles reported some of their income going to savings while 54% of couples said the same. 49% of families confirmed their ability to save money.

How much money do people actually save in Huambo?

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 9.3% to 29% of their monthly income to savings, with 16% being the average for most singles. The average amount of money that singles are able to save is 83,000 AOA with 9,200 AOA and 550,000 AOA 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 7.2% to 28% of their monthly income, with 14% being the average for most couples. The average amount of money that couples can save is 140,000 AOA with 46,000 AOA and 740,000 AOA 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 Huambo can save anywhere between 6.2% to 26% of their monthly income, with 11% being the average for most families. The average amount of money that families can put aside is 180,000 AOA with 64,000 AOA and 1.2M AOA being the minimum and maximum respectively.

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

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

How do people spend their money in Huambo?

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

People living in Huambo typically spend from 11% to 30% of their total monthly expenditure on housing with 22% being the average. The average spend on housing is 120,000 AOA with expenditure ranging from 9,400 AOA to 1.2M AOA. 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 Huambo ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 20,000 AOA with 1,600 AOA and 200,000 AOA 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 3,100 AOA to 410,000 AOA on commuting with 41,000 AOA being the norm for most people in one month. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 3% or as high as 10%.

The average outlay on groceries in a month in Huambo is 100,000 AOA. The cost of groceries can range between 7,900 AOA to 1M AOA. People spend on average about 29% on food and groceries with upper and lower bounds of 21% and 35% respectively.

People in Huambo allocate 6% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 11%. The range of medical expenses range from 2,200 AOA to 290,000 AOA with 29,000 AOA 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 1,300 AOA to 160,000 AOA with 16,000 AOA being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% 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 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 25,000 AOA per month with 1,900 AOA being the minimum spent amount and 250,000 AOA being the maximum.

Singles

The average monthly expense for a single person living in Huambo is 280,000 AOA. Expenses can range from 40,000 AOA at the minimum level to 1.9M AOA at the highest end.

Couples

The average monthly spending of couples in Huambo is 470,000 AOA. Expenditure can range from 160,000 AOA to 2.5M AOA per month.

Families

The average cost of living for families in Huambo is 630,000 AOA per month. Families spend anywhere from 220,000 AOA to 4.1M AOA.

Students

The average monthly expenditure for students in Huambo is 210,000 AOA. Students spend from 31,000 AOA to 1.4M AOA per month.