Cost Of Living in Izhevsk 2024
Average monthly spending for singles, couples, students, and families in Izhevsk
Whether you're living in Izhevsk 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: RUB
Monthly Expenditure ▶ Single
Currency: RUB
Monthly Expenditure ▶ Couple
Currency: RUB
Monthly Expenditure ▶ Family
Currency: RUB
Monthly Expenditure ▶ Student
Currency: RUB
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Izhevsk is 64,000 RUB. Expenses can range from 9,100 RUB at the minimum level to 430,000 RUB at the highest end.
Couples
The average monthly spending of couples in Izhevsk is 110,000 RUB. Expenditure can range from 36,000 RUB to 570,000 RUB per month.
Families
The average cost of living for families in Izhevsk is 140,000 RUB per month. Families spend anywhere from 50,000 RUB to 930,000 RUB.
Students
The average monthly expenditure for students in Izhevsk is 47,000 RUB. Students spend from 7,200 RUB to 310,000 RUB 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 Izhevsk
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
| 330 RUB | 500 RUB | 1,000 RUB |
Fine dining meal for one
| 670 RUB | 1,000 RUB | 4,000 RUB |
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
| 520 RUB | 700 RUB | 1,400 RUB |
Average car 1-day rental
Average car price
| 260,000 RUB | 520,000 RUB | 700,000 RUB |
Bus ticket one way
Car Service
| 640 RUB | 960 RUB | 1,900 RUB |
Utility cost (monthly)
Utility Bill - Individual
| 550 RUB | 3,900 RUB | 26,000 RUB |
Utility Bill - Couple
| 1,400 RUB | 4,800 RUB | 32,000 RUB |
Utility Bill - Family
| 2,500 RUB | 7,200 RUB | 47,000 RUB |
Internet and cable
| 520 RUB | 1,000 RUB | 1,400 RUB |
Mobile phone charges
| 420 RUB | 700 RUB | 2,100 RUB |
Leisure and activities costs
Movie ticket
One month gym membership
| 770 RUB | 960 RUB | 1,900 RUB |
Cloths and accessories costs
Pair of jeans or pants
| 570 RUB | 800 RUB | 1,200 RUB |
Woman dress
| 540 RUB | 740 RUB | 2,400 RUB |
Woman shoes
| 510 RUB | 690 RUB | 1,600 RUB |
Men's shoes
| 440 RUB | 540 RUB | 1,100 RUB |
Men suit
| 480 RUB | 600 RUB | 3,200 RUB |
Regular t-shirt
Housing costs / monthly rent
Studio apartment
| 8,000 RUB | 12,000 RUB | 32,000 RUB |
1-bedroom apartment
| 12,000 RUB | 19,000 RUB | 48,000 RUB |
2-bedroom apartment
| 16,000 RUB | 24,000 RUB | 64,000 RUB |
Housing costs / Buying
Studio apartment
| 1.6M RUB | 2.4M RUB | 4.8M RUB |
1-bedroom apartment
| 1.9M RUB | 3.2M RUB | 12M RUB |
2-bedroom apartment
| 3.2M RUB | 9.6M RUB | 19M RUB |
| $35,000 | $110,000 | $210,000 |
Furniture Costs
King Size Bed
| 10,000 RUB | 13,000 RUB | 17,000 RUB |
Double Bed
| 7,000 RUB | 10,000 RUB | 13,000 RUB |
Single Bed
| 6,200 RUB | 8,000 RUB | 10,000 RUB |
Living Room
| 12,000 RUB | 15,000 RUB | 52,000 RUB |
Dining Table
| 5,200 RUB | 7,000 RUB | 13,000 RUB |
Sofa or Couch
| 7,000 RUB | 9,500 RUB | 21,000 RUB |
Electronics and House Appliance Costs
TV Set
| 7,000 RUB | 10,000 RUB | 21,000 RUB |
Fridge or Freezer
| 6,200 RUB | 9,500 RUB | 13,000 RUB |
Washing Machine
| 8,000 RUB | 12,000 RUB | 21,000 RUB |
Stove or Cooker
| 7,500 RUB | 9,500 RUB | 13,000 RUB |
Mobile Phone
| 8,700 RUB | 10,000 RUB | 15,000 RUB |
Laptop or Computer
| 9,500 RUB | 12,000 RUB | 21,000 RUB |
Expenditure to Income Ratio in Izhevsk
One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.
Spending to Income Ratio
78%
70% to 86%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 5% |
| 50% - 60% | 9% |
| 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 Izhevsk is 78%
This means that on average, people spend around 78% 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
70%
Spending-Income-Ratio
63%
77%
Couple
74%
Spending-Income-Ratio
67%
82%
Family
82%
Spending-Income-Ratio
74%
90%
How do people spend their money in Izhevsk?
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%)
| LOW | $24 2,100 RUB |
| AVERAGE | $310 28,000 RUB |
| HIGH | $3,100 280,000 RUB |
| Per Month |
People living in Izhevsk typically spend from 13% to 32% of their total monthly expenditure on housing with 24% being the average. The average spend on housing is 28,000 RUB with expenditure ranging from 2,100 RUB to 280,000 RUB. 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%)
| LOW | $3.9 360 RUB |
| AVERAGE | $51 4,700 RUB |
| HIGH | $510 47,000 RUB |
| Per Month |
Utility expenditure like electricity, water, and gas in Izhevsk ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 4,700 RUB with 360 RUB and 47,000 RUB being the upper and lower limits.
Transport, Fuel, Commute7%
7% of total expenses on average (3% to 11%)
| LOW | $7.9 720 RUB |
| AVERAGE | $100 9,300 RUB |
| HIGH | $1,000 93,000 RUB |
| 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 720 RUB to 93,000 RUB on commuting with 9,300 RUB 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%)
| LOW | $20 1,800 RUB |
| AVERAGE | $260 23,000 RUB |
| HIGH | $2,600 230,000 RUB |
| Per Month |
The average outlay on groceries in a month in Izhevsk is 23,000 RUB. The cost of groceries can range between 1,800 RUB to 230,000 RUB. 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%)
| LOW | $5.5 500 RUB |
| AVERAGE | $72 6,500 RUB |
| HIGH | $720 65,000 RUB |
| Per Month |
People in Izhevsk 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 500 RUB to 65,000 RUB with 6,500 RUB being the norm.
Leisure and Shopping5%
5% of total expenses on average (2% to 9%)
| LOW | $3.2 290 RUB |
| AVERAGE | $41 3,700 RUB |
| HIGH | $410 37,000 RUB |
| 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 290 RUB to 37,000 RUB with 3,700 RUB 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%)
| LOW | $4.7 430 RUB |
| AVERAGE | $62 5,600 RUB |
| HIGH | $620 56,000 RUB |
| 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 5,600 RUB per month with 430 RUB being the minimum spent amount and 56,000 RUB being the maximum.
Other Expenses13%
13% of total expenses on average (8% to 20%)
| LOW | $10 930 RUB |
| AVERAGE | $130 12,000 RUB |
| HIGH | $1,300 120,000 RUB |
| Per Month |
How much money can you save in Izhevsk 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 Izhevsk manage to save money from their income every month?
Almost 56% of the surveyed people in Izhevsk said that they can save some money at the end of each month while 45% said that aren't saving anything.
Percentage of people saving money by population group in Izhevsk
| Group | Savers | Non Savers |
|---|
| Singles | 59% | 41% |
| Couples | 55% | 45% |
| Families | 50% | 50% |
Savings-to-Income Ratio
The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.
Saving to Income Ratio
Average Monthly Saved Amount
2,500 RUB
$27 | 32,000 RUB
$350 | 320,000 RUB
$3,500 |
For most people, 11% to 30% of their monthly income is what they can allocate to their savings, with 19% being the average. The amount of money that people can save is approximately 32,000 RUB on average with savings ranging from 2,500 RUB to 320,000 RUB.
59% of surveyed singles reported some of their income going to savings while 55% of couples said the same. 50% of families confirmed their ability to save money.
How much money do people actually save in Izhevsk?
The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.
Singles
Saving to Income Ratio
Average Monthly Saved Amount
2,500 RUB
$27 | 22,000 RUB
$240 | 150,000 RUB
$1,600 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 31% |
| 10% - 20% | 25% |
| 20% - 30% | 16% |
| 30% - 40% | 14% |
| 40% - 50% | 10% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 14% to 32% of their monthly income to savings, with 22% being the average for most singles. The average amount of money that singles are able to save is 22,000 RUB with 2,500 RUB and 150,000 RUB being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
12,000 RUB
$140 | 37,000 RUB
$410 | 200,000 RUB
$2,200 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 35% |
| 10% - 20% | 27% |
| 20% - 30% | 19% |
| 30% - 40% | 9% |
| 40% - 50% | 7% |
| > 50% | 3% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 12% to 31% of their monthly income, with 20% being the average for most couples. The average amount of money that couples can save is 37,000 RUB with 12,000 RUB and 200,000 RUB being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
17,000 RUB
$190 | 49,000 RUB
$540 | 320,000 RUB
$3,500 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 38% |
| 10% - 20% | 30% |
| 20% - 30% | 20% |
| 30% - 40% | 6% |
| 40% - 50% | 4% |
| > 50% | 2% |
Interpretation and Analysis
Families in Izhevsk can save anywhere between 10% to 27% of their monthly income, with 18% being the average for most families. The average amount of money that families can put aside is 49,000 RUB with 17,000 RUB and 320,000 RUB being the minimum and maximum respectively.
Saving Challenges in Izhevsk
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Izhevsk. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 5% |
| High Expenses | 8% |
| Debt and Loans | 14% |
| Lack of Budgeting Skills | 11% |
| Impulsive Spending | 11% |
| Financial Emergencies | 7% |
| Living the moment | 6% |
| Will do it later | 20% |
| Inflation | 13% |
| Social Pressure | 3% |
| Market Instability | 2% |
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. 14% 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. 13% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.
Typical saving choices for people in Izhevsk
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 12% |
| Gold | 12% |
| Savings Accounts | 17% |
| Retirement Accounts | 10% |
| Cash Savings | 20% |
| Real Estate | 9% |
| Investment | 5% |
| Stocks | 5% |
| Bonds | 5% |
| Mutual Funds | 2% |
| Certificates of Deposit | 3% |
A typical and healthy budgeting structure
The 50/30/20 rule
Spending among different people can vary significantly based on factors such as their income, lifestyle,
location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule,
which suggests allocating your income into three main categories in the following percentages.
50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
About financial planning, money management, and household budgeting
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Izhevsk
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Izhevsk?
Around 56% of surveyed residents think that living in Izhevsk is affordable with proper budgeting while 44% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Izhevsk
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 options54%
Few low-cost options46%
Based on the survey, 54% of the people living in Izhevsk have no problem finding low-cost alternatives to support a frugal lifestyle while 46% 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 Izhevsk whether they have an emergency fund and the answers were as follows.
Yes55%
No45%
Based on the survey, 45% of the people living in Izhevsk said that they don't have an emergency fund while 55% said that they do.
Financial Literacy in Russia
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 Leteracy56%
We asked residents of Russia whether they acquired any adequate personal financial training in their lives. Approximately 44% 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 56% 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 Russia have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 40% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 60% said that they have everything under control.
Struggles with finance40%
Easily manages finances60%
Financial goals of people in Izhevsk
In an attempt to understand the economic situation in Izhevsk, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.
| Financial Goal | % People |
|---|
| Emergency Fund | 8% |
| Debt Reduction | 40% |
| Retirement Savings | 10% |
| Education Funding | 7% |
| Homeownership | 18% |
| Investing | 7% |
| Travel or Lifestyle | 8% |
| Healthcare Expenses | 13% |
| Financial Independence | 6% |
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. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 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 13% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Retirement, pension plans, and life after work in Izhevsk
What does the retirement lifestyle look like in Izhevsk and how much retirement savings are required?
Retirement age
The retirement age for most employees in Russia is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.
Retirement planning and savings
There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.
The typical saved amount of money you should have at every age as multiples of monthly salary:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in Izhevsk:| Age | Amount |
|---|
| 25 | 250,000 RUB |
| 30 | 500,000 RUB |
| 35 | 880,000 RUB |
| 40 | 1.3M RUB |
| 45 | 1.9M RUB |
| 50 | 2.6M RUB |
| 55 | 3.1M RUB |
| 60 | 3.9M RUB |
| 65 | 4.6M RUB |
Retirement Income Distribution
We asked residents of Izhevsk about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 12% |
| Savings | 23% |
| Investments | 12% |
| Social Security | 7% |
| Annuities | 7% |
| Part-time Job | 14% |
| Real Estate | 18% |
| Dividends and Interest | 7% |
Retirement Monthly Expenses in Izhevsk 5,200 RUB
$58 | 47,000 RUB
$520 | 310,000 RUB
$3,500 |
Debt, loans, and mortgages in Izhevsk
Percentage of people who are in debt
According to the survey, 26% of the people in Izhevsk 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 Izhevsk
Debt to income ratio
27%
19% to 35%
( 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 27% of the people's monthly income in Izhevsk goes to debt settlement.
Debt levelsMonthly 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% | 11% |
| 10% - 20% | 14% |
| 0% - 10% | 26% |
According to our data, 3% of the debtors in Izhevsk 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 11% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Izhevsk
| Debt | % People |
|---|
| Real Estate Mortgage | 9% |
| Auto Loan | 17% |
| Student Loan | 4% |
| Credit Card | 29% |
| Personal Loan | 41% |
9% of debtors in Izhevsk confirm that real estate mortgages constitutes the main part of their outstanding debt while 29% 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 Izhevsk.
About credit score and debt managementManaging debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.
Good debt vs. Bad debt
Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.
Loan Affordability Index in Izhevsk
Besides measuring the loan-to-income ratio, we asked residents of Izhevsk how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.
Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.
| Frequency | % People |
|---|
| Never | 51% |
| Once a year | 23% |
| Twice a year | 12% |
| Three times a year | 9% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Izhevsk
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Izhevsk
Monthly Rent Prices
Studio apartment monthly rent cost
| 8,000 RUB | 12,000 RUB | 32,000 RUB |
1-bedroom apartment monthly rent cost
| 12,000 RUB | 19,000 RUB | 48,000 RUB |
2-bedroom apartment monthly rent cost
| 16,000 RUB | 24,000 RUB | 64,000 RUB |
3-bedroom apartment monthly rent cost
| 19,000 RUB | 32,000 RUB | 88,000 RUB |
Furnished apartment monthly rent cost
| 39,000 RUB | 96,000 RUB | 190,000 RUB |
Townhouse monthly rent cost
| 32,000 RUB | 48,000 RUB | 140,000 RUB |
House monthly rent cost
| 39,000 RUB | 96,000 RUB | 190,000 RUB |
Villa monthly rent cost
| 48,000 RUB | 120,000 RUB | 190,000 RUB |
The monthly rental cost of a studio apartment in Izhevsk ranges between 8,000 RUB and 32,000 RUB, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 12,000 RUB to 48,000 RUB. Two-bedroom rentals rate ranges between 16,000 RUB and 64,000 RUB per month. The monthly rental for a three-bedroom apartment ranges from 19,000 RUB to 88,000 RUB. The average rent of a townhouse in Izhevsk is around 48,000 RUB while house rental costs can be as high as 96,000 RUB per month. Finally, if you want to rent a villa, expect to pay anywhere from 48,000 RUB to 190,000 RUB per month.
Apartment and house prices in Izhevsk
Cost of buying a property
Studio apartment price
| 1.6M RUB | 2.4M RUB | 4.8M RUB |
1-bedroom apartment price
| 1.9M RUB | 3.2M RUB | 12M RUB |
2-bedroom apartment price
| 3.2M RUB | 9.6M RUB | 19M RUB |
| $35,000 | $110,000 | $210,000 |
3-bedroom apartment price
| $120,000 | $180,000 | $530,000 |
Townhouse price
House price
Villa price
| 19M RUB | 110M RUB | 160M RUB |
The average price of a studio apartment in Izhevsk can range from 1.6M RUB to 4.8M RUB depending on location. One bedroom cost can be anywhere from 1.9M RUB to 12M RUB. A villa can cost you 110M RUB on average with prices ranging from 19M RUB to 160M RUB.
If you're leasing or purchasing, housing costs in Izhevsk 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 | x105 monthly income | 192 |
Property prices in Izhevsk can be x105 to x192 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x105 multiples of the average monthly salary in Izhevsk.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Izhevsk is around 29%. This means that people pay 29% of their income for rent. Those figures can range from 19% to 38% 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
26% 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.
| 140 RUB | 1,900 RUB | 19,000 RUB |
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 Izhevsk
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Izhevsk
Utility Bill Cost / Electricity + Water + Gas / Individual
| 550 RUB | 3,900 RUB | 26,000 RUB |
Utility Bill Cost / Electricity + Water + Gas / Couple
| 1,400 RUB | 4,800 RUB | 32,000 RUB |
Utility Bill Cost / Electricity + Water + Gas / Family
| 2,500 RUB | 7,200 RUB | 47,000 RUB |
Internet and cable cost
| 520 RUB | 1,000 RUB | 1,400 RUB |
Mobile phone bill and charges
| 420 RUB | 700 RUB | 2,100 RUB |
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 Izhevsk ranges between 550 RUB and 26,000 RUB with average being 3,900 RUB, meanwhile the expenditure of couples is slightly higher at 4,800 RUB with 1,400 RUB and 32,000 RUB 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 7,200 RUB. The cost of internet and WiFi is unchanged among the three groups and ranges from 520 RUB to 1,400 RUB with 1,000 RUB being the average internet bill. Finally, the average monthly mobile charges is around 700 RUB but can range between 420 RUB and 2,100 RUB 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
The average utility-to-income ratio in Izhevsk is around 4.6%. This means that people pay 4.6% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.9% to 8.3% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Izhevsk
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Izhevsk
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Izhevsk is approximatly 210 RUB with meal cost ranging from 100 RUB to 350 RUB. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
| 330 RUB | 500 RUB | 1,000 RUB |
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 330 RUB and 1,000 RUB with 500 RUB being the average price of a plate for one person at a regular restaurant in Izhevsk.
Fine dining meal for one price
| 670 RUB | 1,000 RUB | 4,000 RUB |
The price range of a meal at fine-dining restaurant is 670 RUB to 4,000 RUB with the average cost being 1,000 RUB for one person. This is what you would expect to pay a top-tier diner in Izhevsk.
Beverage prices, cappuccino, latte etc..
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Izhevsk is around 140 RUB. Price ranges between 87 RUB and 210 RUB depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Izhevsk is 84 RUB. The maximum what you would pay for milk is 100 RUB and the minimum being 70 RUB depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 70 RUB on average with 52 RUB and 100 RUB being the lower and upper limits respectively.
Fresh whole chicken price
The price range of a fresh whole chicken in Izhevsk is between 120 RUB and 220 RUB depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 150 RUB.
Pack of beef price
The price of a regular pack of beef or meat is around 210 RUB. A pack of beef contains around 1Kg or 1lb depending on packing.
Medium bag of rice price
A bag of rice in Izhevsk costs around 77 RUB on average with prices rangeing between 56 RUB and 110 RUB depending on the brand and quality.
Bag of tomatos price
A bag of tomatoes costs anywhere from 21 RUB to 52 RUB. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 49 RUB 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
The average grocery-to-income ratio in Izhevsk is around 24%. This means that people spend 24% of their income on grocery and basic household items. The expenditure can range from 17% to 30% depending on salary and location.
Expenditure on food and grocery for every population group
A single person living alone spends approximately 10,000 RUB per month on grocery and food with expenditure fluctuating between 1,500 RUB and 69,000 RUB depending on location and the type of person. The average cost of food and groceries for a couple is around 15,000 RUB per month. That number can be get as low as 5,000 RUB or a high as 80,000 RUB. Families' spending on grocery ranges from 9,000 RUB to 170,000 RUB with the location, income, and size of the family being the most determinite factors.
SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Izhevsk
Housing cost for a single person30%
30% of total expenses on average (18% to 42%)
| LOW | $36 3,300 RUB |
| AVERAGE | $260 23,000 RUB |
| HIGH | $1,700 150,000 RUB |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile8%
8% of total expenses on average (4% to 13%)
| LOW | $6 550 RUB |
| AVERAGE | $43 3,900 RUB |
| HIGH | $280 26,000 RUB |
| Per Month |
Transport and Fuel Cost5%
5% of total expenses on average (3% to 11%)
| LOW | $8 730 RUB |
| AVERAGE | $57 5,200 RUB |
| HIGH | $380 34,000 RUB |
| Per Month |
Food and Groceries Cost19%
19% of total expenses on average (13% to 24%)
| LOW | $16 1,500 RUB |
| AVERAGE | $110 10,000 RUB |
| HIGH | $760 69,000 RUB |
| Per Month |
Healthcare Cost12%
12% of total expenses on average (6% to 16%)
| LOW | $9 820 RUB |
| AVERAGE | $64 5,800 RUB |
| HIGH | $430 39,000 RUB |
| Per Month |
Leisure and Shopping Expenditure3%
3% of total expenses on average (2% to 6%)
| LOW | $5 450 RUB |
| AVERAGE | $35 3,200 RUB |
| HIGH | $240 21,000 RUB |
| Per Month |
Education Cost1%
1% of total expenses on average (0.00% to 3%)
| LOW | $2 180 RUB |
| AVERAGE | $14 1,300 RUB |
| HIGH | $95 8,600 RUB |
| Per Month |
Other Expenses21%
21% of total expenses on average (13% to 25%)
| LOW | $18 1,600 RUB |
| AVERAGE | $130 12,000 RUB |
| HIGH | $850 77,000 RUB |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Izhevsk
Housing cost for a couple27%
27% of total expenses on average (20% to 37%)
| LOW | $130 12,000 RUB |
| AVERAGE | $400 37,000 RUB |
| HIGH | $2,100 190,000 RUB |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile7%
7% of total expenses on average (5% to 11%)
| LOW | $16 1,400 RUB |
| AVERAGE | $53 4,800 RUB |
| HIGH | $350 32,000 RUB |
| Per Month |
Transport and Fuel Cost9%
9% of total expenses on average (3% to 14%)
| LOW | $47 4,300 RUB |
| AVERAGE | $140 13,000 RUB |
| HIGH | $760 69,000 RUB |
| Per Month |
Food and Groceries Cost17%
17% of total expenses on average (12% to 22%)
| LOW | $55 5,000 RUB |
| AVERAGE | $170 15,000 RUB |
| HIGH | $880 80,000 RUB |
| Per Month |
Healthcare Cost14%
14% of total expenses on average (8% to 18%)
| LOW | $43 3,900 RUB |
| AVERAGE | $130 12,000 RUB |
| HIGH | $690 63,000 RUB |
| Per Month |
Leisure and Shopping Cost4%
4% of total expenses on average (1% to 7%)
| LOW | $24 2,100 RUB |
| AVERAGE | $71 6,400 RUB |
| HIGH | $380 34,000 RUB |
| Per Month |
Education Cost1%
1% of total expenses on average (0.00% to 3%)
| LOW | $7.9 720 RUB |
| AVERAGE | $24 2,100 RUB |
| HIGH | $130 11,000 RUB |
| Per Month |
Other Expenses20%
20% of total expenses on average (14% to 26%)
| LOW | $67 6,100 RUB |
| AVERAGE | $200 18,000 RUB |
| HIGH | $1,100 97,000 RUB |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Izhevsk
Housing cost for a family26%
26% of total expenses on average (21% to 36%)
| LOW | $180 16,000 RUB |
| AVERAGE | $500 46,000 RUB |
| HIGH | $3,300 300,000 RUB |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile5%
5% of total expenses on average (3% to 8%)
| LOW | $28 2,500 RUB |
| AVERAGE | $79 7,200 RUB |
| HIGH | $510 47,000 RUB |
| Per Month |
Transport and Fuel Expenses5%
5% of total expenses on average (3% to 7%)
| LOW | $55 5,000 RUB |
| AVERAGE | $160 14,000 RUB |
| HIGH | $1,000 93,000 RUB |
| Per Month |
Food and Groceries Cost21%
21% of total expenses on average (14% to 27%)
| LOW | $99 9,000 RUB |
| AVERAGE | $280 26,000 RUB |
| HIGH | $1,800 170,000 RUB |
| Per Month |
Healthcare Expenses11%
11% of total expenses on average (7% to 16%)
| LOW | $50 4,500 RUB |
| AVERAGE | $160 14,000 RUB |
| HIGH | $820 74,000 RUB |
| Per Month |
Leisure and Shopping Cost3%
3% of total expenses on average (1% to 7%)
| LOW | $28 2,500 RUB |
| AVERAGE | $79 7,200 RUB |
| HIGH | $510 47,000 RUB |
| Per Month |
Education Cost13%
13% of total expenses on average (6% to 21%)
| LOW | $77 7,000 RUB |
| AVERAGE | $220 20,000 RUB |
| HIGH | $1,400 130,000 RUB |
| Per Month |
Other Expenses15%
15% of total expenses on average (8% to 20%)
| LOW | $44 4,000 RUB |
| AVERAGE | $130 11,000 RUB |
| HIGH | $820 74,000 RUB |
| Per Month |
StudentCost of living and expenses break down for students living in Izhevsk
Housing costs for Student18%
18% of total expenses on average (13% to 24%)
| LOW | $19 1,700 RUB |
| AVERAGE | $120 11,000 RUB |
| HIGH | $830 75,000 RUB |
| Per Month |
Utilities, Electricity, Water, Internet, and Mobile Expenses6%
6% of total expenses on average (4% to 10%)
| LOW | $3.2 290 RUB |
| AVERAGE | $21 1,900 RUB |
| HIGH | $140 13,000 RUB |
| Per Month |
Transport and Fuel Cost4%
4% of total expenses on average (4% to 10%)
| LOW | $5.5 500 RUB |
| AVERAGE | $36 3,300 RUB |
| HIGH | $240 22,000 RUB |
| Per Month |
Food and Groceries Expenditure23%
23% of total expenses on average (17% to 27%)
| LOW | $16 1,400 RUB |
| AVERAGE | $100 9,400 RUB |
| HIGH | $690 63,000 RUB |
| Per Month |
Healthcare Cost9%
9% of total expenses on average (6% to 12%)
| LOW | $4.7 430 RUB |
| AVERAGE | $31 2,800 RUB |
| HIGH | $210 19,000 RUB |
| Per Month |
Leisure and Shopping Cost3%
3% of total expenses on average (2% to 7%)
| LOW | $3.9 360 RUB |
| AVERAGE | $26 2,400 RUB |
| HIGH | $170 16,000 RUB |
| Per Month |
Education Cost18%
18% of total expenses on average (11% to 23%)
| LOW | $15 1,400 RUB |
| AVERAGE | $99 9,000 RUB |
| HIGH | $660 60,000 RUB |
| Per Month |
Other Expenses18%
18% of total expenses on average (12% to 24%)
| LOW | $12 1,100 RUB |
| AVERAGE | $78 7,100 RUB |
| HIGH | $520 47,000 RUB |
| Per Month |
