Cost Of Living in Kazan 2024

cost of living chart - average monthly expenditure in Kazan

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

Whether you're living in Kazan 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
8,400 110,000 1.1M
MINIMUM AVERAGE MAXIMUM
$92 $1,200 $12,000

Monthly Expenditure ▶ Single

Currency: RUB
11,000 76,000 500,000
MINIMUM AVERAGE MAXIMUM
$120 $830 $5,500

Monthly Expenditure ▶ Couple

Currency: RUB
42,000 130,000 670,000
MINIMUM AVERAGE MAXIMUM
$460 $1,400 $7,400

Monthly Expenditure ▶ Family

Currency: RUB
59,000 170,000 1.1M
MINIMUM AVERAGE MAXIMUM
$650 $1,800 $12,000

Monthly Expenditure ▶ Student

Currency: RUB
8,400 55,000 370,000
MINIMUM AVERAGE MAXIMUM
$92 $610 $4,100
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Kazan is 76,000 RUB. Expenses can range from 11,000 RUB at the minimum level to 500,000 RUB at the highest end.


Couples

The average monthly spending of couples in Kazan is 130,000 RUB. Expenditure can range from 42,000 RUB to 670,000 RUB per month.


Families

The average cost of living for families in Kazan is 170,000 RUB per month. Families spend anywhere from 59,000 RUB to 1.1M RUB.


Students

The average monthly expenditure for students in Kazan is 55,000 RUB. Students spend from 8,400 RUB to 370,000 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 Kazan


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

Dining, food, and beverages costs


Fast food combo meal

100 RUB 210 RUB 340 RUB
MINIMUM AVERAGE MAXIMUM
$1.1 $2.3 $3.8

Restaurant meal for one

360 RUB 540 RUB 1,100 RUB
MINIMUM AVERAGE MAXIMUM
$4 $5.9 $12

Fine dining meal for one

720 RUB 1,100 RUB 4,300 RUB
MINIMUM AVERAGE MAXIMUM
$7.9 $12 $47

Cappuccino or latte

85 RUB 140 RUB 210 RUB
MINIMUM AVERAGE MAXIMUM
$0.94 $1.5 $2.3

Grocery and market costs


Milk large bottle

68 RUB 82 RUB 100 RUB
MINIMUM AVERAGE MAXIMUM
$0.75 $0.90 $1.1

12 eggs

51 RUB 68 RUB 100 RUB
MINIMUM AVERAGE MAXIMUM
$0.56 $0.75 $1.1

Fresh whole chicken

120 RUB 150 RUB 210 RUB
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $2.4

Pack of beef

140 RUB 210 RUB 410 RUB
MINIMUM AVERAGE MAXIMUM
$1.5 $2.3 $4.5

Medium bag of rice

55 RUB 75 RUB 110 RUB
MINIMUM AVERAGE MAXIMUM
$0.61 $0.83 $1.2

Bag of tomatos

21 RUB 27 RUB 51 RUB
MINIMUM AVERAGE MAXIMUM
$0.23 $0.30 $0.56

Bag of apples

37 RUB 48 RUB 79 RUB
MINIMUM AVERAGE MAXIMUM
$0.40 $0.53 $0.87
Chart showing the prices and cost of commute, travel, and transportation in Kazan

Commute, travel, and transportation costs


20 minutes taxi ride

90 RUB 110 RUB 220 RUB
MINIMUM AVERAGE MAXIMUM
$0.99 $1.2 $2.4

Average car full tank

510 RUB 680 RUB 1,400 RUB
MINIMUM AVERAGE MAXIMUM
$5.6 $7.5 $15

Average car 1-day rental

560 RUB 750 RUB 1,100 RUB
MINIMUM AVERAGE MAXIMUM
$6.2 $8.3 $12

Average car price

260,000 RUB 510,000 RUB 680,000 RUB
MINIMUM AVERAGE MAXIMUM
$2,800 $5,600 $7,500

Bus ticket one way

19 RUB 28 RUB 56 RUB
MINIMUM AVERAGE MAXIMUM
$0.21 $0.31 $0.62

Car Service

750 RUB 1,100 RUB 2,300 RUB
MINIMUM AVERAGE MAXIMUM
$8.3 $12 $25
Chart showing the prices and cost of utility, energy, water, and gas for a family in Kazan

Utility cost (monthly)


Utility Bill - Individual

640 RUB 4,500 RUB 30,000 RUB
MINIMUM AVERAGE MAXIMUM
$7 $50 $330

Utility Bill - Couple

1,700 RUB 5,700 RUB 37,000 RUB
MINIMUM AVERAGE MAXIMUM
$18 $62 $410

Utility Bill - Family

2,900 RUB 8,400 RUB 55,000 RUB
MINIMUM AVERAGE MAXIMUM
$32 $92 $600

Internet and cable

510 RUB 1,000 RUB 1,400 RUB
MINIMUM AVERAGE MAXIMUM
$5.6 $11 $15

Mobile phone charges

410 RUB 680 RUB 2,100 RUB
MINIMUM AVERAGE MAXIMUM
$4.5 $7.5 $23

Leisure and activities costs


Movie ticket

260 RUB 340 RUB 510 RUB
MINIMUM AVERAGE MAXIMUM
$2.8 $3.8 $5.6

One month gym membership

900 RUB 1,100 RUB 2,300 RUB
MINIMUM AVERAGE MAXIMUM
$10 $12 $25
Chart showing the prices and cost of clothing and accessories in Kazan

Cloths and accessories costs


Pair of jeans or pants

660 RUB 940 RUB 1,400 RUB
MINIMUM AVERAGE MAXIMUM
$7.3 $10 $16

Woman dress

630 RUB 870 RUB 2,800 RUB
MINIMUM AVERAGE MAXIMUM
$6.9 $9.6 $31

Woman shoes

590 RUB 810 RUB 1,900 RUB
MINIMUM AVERAGE MAXIMUM
$6.5 $8.9 $21

Men's shoes

510 RUB 630 RUB 1,300 RUB
MINIMUM AVERAGE MAXIMUM
$5.7 $6.9 $14

Men suit

560 RUB 710 RUB 3,800 RUB
MINIMUM AVERAGE MAXIMUM
$6.2 $7.8 $41

Regular t-shirt

280 RUB 380 RUB 1,100 RUB
MINIMUM AVERAGE MAXIMUM
$3.1 $4.1 $12
Chart showing the prices and cost of housing, accommodation, and rent in Kazan

Housing costs / monthly rent


Studio apartment

9,400 RUB 14,000 RUB 38,000 RUB
MINIMUM AVERAGE MAXIMUM
$100 $160 $410

1-bedroom apartment

14,000 RUB 23,000 RUB 56,000 RUB
MINIMUM AVERAGE MAXIMUM
$160 $250 $620

2-bedroom apartment

19,000 RUB 28,000 RUB 75,000 RUB
MINIMUM AVERAGE MAXIMUM
$210 $310 $830

Housing costs / Buying


Studio apartment

1.9M RUB 2.8M RUB 5.6M RUB
MINIMUM AVERAGE MAXIMUM
$21,000 $31,000 $62,000

1-bedroom apartment

2.3M RUB 3.8M RUB 14M RUB
MINIMUM AVERAGE MAXIMUM
$25,000 $41,000 $160,000

2-bedroom apartment

3.8M RUB 11M RUB 23M RUB
MINIMUM AVERAGE MAXIMUM
$41,000 $120,000 $250,000
Chart showing the prices and cost of furniture in Kazan

Furniture Costs


King Size Bed

10,000 RUB 13,000 RUB 17,000 RUB
MINIMUM AVERAGE MAXIMUM
$110 $140 $190

Double Bed

6,800 RUB 10,000 RUB 13,000 RUB
MINIMUM AVERAGE MAXIMUM
$75 $110 $140

Single Bed

6,000 RUB 7,900 RUB 10,000 RUB
MINIMUM AVERAGE MAXIMUM
$66 $87 $110

Living Room

11,000 RUB 15,000 RUB 51,000 RUB
MINIMUM AVERAGE MAXIMUM
$130 $160 $560

Dining Table

5,100 RUB 6,800 RUB 13,000 RUB
MINIMUM AVERAGE MAXIMUM
$56 $75 $140

Sofa or Couch

6,800 RUB 9,300 RUB 21,000 RUB
MINIMUM AVERAGE MAXIMUM
$75 $100 $230
Chart showing the prices and cost of electronic devices and appliances in Kazan

Electronics and House Appliance Costs


TV Set

6,800 RUB 10,000 RUB 21,000 RUB
MINIMUM AVERAGE MAXIMUM
$75 $110 $230

Fridge or Freezer

6,000 RUB 9,300 RUB 13,000 RUB
MINIMUM AVERAGE MAXIMUM
$66 $100 $140

Washing Machine

7,900 RUB 11,000 RUB 21,000 RUB
MINIMUM AVERAGE MAXIMUM
$87 $130 $230

Stove or Cooker

7,300 RUB 9,300 RUB 13,000 RUB
MINIMUM AVERAGE MAXIMUM
$81 $100 $140

Mobile Phone

8,500 RUB 10,000 RUB 15,000 RUB
MINIMUM AVERAGE MAXIMUM
$94 $110 $160

Laptop or Computer

9,300 RUB 11,000 RUB 21,000 RUB
MINIMUM AVERAGE MAXIMUM
$100 $130 $230

Expenditure to Income Ratio in Kazan

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

Cost of living and expenditure to income ratio in Kazan

Spending to Income Ratio

91%

83% to 100%

( 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 Kazan is 91% This means that on average, people spend around 91% 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
82%
Spending-Income-Ratio
74%
91%

Couple
87%
Spending-Income-Ratio
78%
96%

Family
96%
Spending-Income-Ratio
87%
110%
Distribution of monthly cost of living expenses in Kazan

How do people spend their money in Kazan?

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$28   2,500 RUB
AVERAGE$360   33,000 RUB
HIGH$3,600   330,000 RUB
Per Month

People living in Kazan typically spend from 13% to 32% of their total monthly expenditure on housing with 24% being the average. The average spend on housing is 33,000 RUB with expenditure ranging from 2,500 RUB to 330,000 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$4.6   420 RUB
AVERAGE$60   5,500 RUB
HIGH$600   55,000 RUB
Per Month

Utility expenditure like electricity, water, and gas in Kazan ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 5,500 RUB with 420 RUB and 55,000 RUB being the upper and lower limits.

Transport, Fuel, Commute7%

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

LOW$9.2   840 RUB
AVERAGE$120   11,000 RUB
HIGH$1,200   110,000 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 840 RUB to 110,000 RUB on commuting with 11,000 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$23   2,100 RUB
AVERAGE$300   27,000 RUB
HIGH$3,000   270,000 RUB
Per Month

The average outlay on groceries in a month in Kazan is 27,000 RUB. The cost of groceries can range between 2,100 RUB to 270,000 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$6.5   590 RUB
AVERAGE$84   7,600 RUB
HIGH$840   76,000 RUB
Per Month

People in Kazan 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 590 RUB to 76,000 RUB with 7,600 RUB being the norm.

Leisure and Shopping5%

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

LOW$3.7   340 RUB
AVERAGE$48   4,400 RUB
HIGH$480   44,000 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 340 RUB to 44,000 RUB with 4,400 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$5.5   500 RUB
AVERAGE$72   6,600 RUB
HIGH$720   66,000 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 6,600 RUB per month with 500 RUB being the minimum spent amount and 66,000 RUB being the maximum.

Other Expenses13%

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

LOW$12   1,100 RUB
AVERAGE$160   14,000 RUB
HIGH$1,600   140,000 RUB
Per Month
Percentage of people who manage to save money from their income every month in Kazan

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


Saving Money
65%
Not Saving
35%

Almost 65% of the surveyed people in Kazan said that they can save some money at the end of each month while 35% said that aren't saving anything.


Percentage of people saving money by population group in Kazan

GroupSaversNon Savers
Singles70%31%
Couples64%36%
Families59%41%

Savings-to-Income Ratio

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


Savings to income ratio in Kazan

Saving to Income Ratio

13% 22% of income 35%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

2,900 RUB
$32
38,000 RUB
$410
380,000 RUB
$4,100
MINIMUM AVERAGE MAXIMUM

For most people, 13% to 35% of their monthly income is what they can allocate to their savings, with 22% being the average. The amount of money that people can save is approximately 38,000 RUB on average with savings ranging from 2,900 RUB to 380,000 RUB.

70% of surveyed singles reported some of their income going to savings while 64% of couples said the same. 59% of families confirmed their ability to save money.


How much money do people actually save in Kazan?

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

16% 26% of income 37%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

2,900 RUB
$32
26,000 RUB
$290
170,000 RUB
$1,900
MINIMUM AVERAGE MAXIMUM

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 16% to 37% of their monthly income to savings, with 26% being the average for most singles. The average amount of money that singles are able to save is 26,000 RUB with 2,900 RUB and 170,000 RUB being the minimum and maximum respectively.


Couples

Saving to Income Ratio

14% 24% of income 36%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

14,000 RUB
$160
43,000 RUB
$480
230,000 RUB
$2,600
MINIMUM AVERAGE MAXIMUM

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 14% to 36% of their monthly income, with 24% being the average for most couples. The average amount of money that couples can save is 43,000 RUB with 14,000 RUB and 230,000 RUB being the minimum and maximum respectively.


Families

Saving to Income Ratio

12% 21% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

20,000 RUB
$220
58,000 RUB
$640
380,000 RUB
$4,100
MINIMUM AVERAGE MAXIMUM

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 Kazan can save anywhere between 12% to 32% of their monthly income, with 21% being the average for most families. The average amount of money that families can put aside is 58,000 RUB with 20,000 RUB and 380,000 RUB being the minimum and maximum respectively.

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

Saving Challenges in Kazan

Reasons that make it difficult for people to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans14%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation13%
Social Pressure3%
Market Instability2%

Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 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.

Where do people choose to put their savings in Kazan

Typical saving choices for people in Kazan

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings20%
Real Estate9%
Investment5%
Stocks5%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

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

  • 50% for needs and financial obligations

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

  • 30% for wants and discretionary spending

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

  • 20% for savings and emergency fund

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

About financial planning, money management, and household budgeting

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

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

Affordable living in Kazan

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Kazan?


Yes
66%
No
34%

Around 66% of surveyed residents think that living in Kazan is affordable with proper budgeting while 34% reported that it is just too expensive and not affordable even with frugality and thriftness.

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

Low-cost alternatives in Kazan

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 options63%

Few low-cost options37%


Based on the survey, 63% of the people living in Kazan have no problem finding low-cost alternatives to support a frugal lifestyle while 37% 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 Kazan whether they have an emergency fund and the answers were as follows.

Yes64%

No36%


Based on the survey, 36% of the people living in Kazan said that they don't have an emergency fund while 64% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Kazan

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 and targets of people living in Kazan

Financial goals of people in Kazan

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


Financial Goal% People
Emergency Fund8%
Debt Reduction40%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle8%
Healthcare Expenses13%
Financial Independence6%

Around 8% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 40% said their number one priority is to pay off high-interest debt or loans and improve credit. 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 Kazan

What does the retirement lifestyle look like in Kazan 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:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Kazan:
AgeAmount
25290,000 RUB
30590,000 RUB
351M RUB
401.5M RUB
452.2M RUB
503.1M RUB
553.7M RUB
604.6M RUB
655.4M RUB

Retirement Income Distribution

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

Source% People
Pensions12%
Savings23%
Investments12%
Social Security7%
Annuities7%
Part-time Job14%
Real Estate18%
Dividends and Interest7%

Retirement Monthly Expenses in Kazan

6,100 RUB
$68
55,000 RUB
$610
370,000 RUB
$4,100
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Kazan

Debt, loans, and mortgages in Kazan


Percentage of people who are in debt


In Debt
30%
Debt Free
70%

According to the survey, 30% of the people in Kazan have some kind of debt, loan, mortgage, or credit card payments while 70% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Kazan

Debt-to-income ratio in Kazan

Debt to income ratio

32%

22% to 41%

( 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 32% of the people's monthly income in Kazan goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%16%
40% - 50%14%
30% - 40%16%
20% - 30%11%
10% - 20%14%
0% - 10%26%

According to our data, 3% of the debtors in Kazan 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 Kazan

Debt% People
Real Estate Mortgage9%
Auto Loan17%
Student Loan4%
Credit Card29%
Personal Loan41%

9% of debtors in Kazan 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 Kazan.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

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


Loan Affordability Index in Kazan

Besides measuring the loan-to-income ratio, we asked residents of Kazan 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
Never51%
Once a year23%
Twice a year12%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Kazan

Housing costs, accommodation, and housing affordability in Kazan

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


Rent Cost in Kazan

Monthly Rent Prices

Studio apartment monthly rent cost

9,400 RUB 14,000 RUB 38,000 RUB
MINIMUM AVERAGE MAXIMUM
$100 $160 $410

1-bedroom apartment monthly rent cost

14,000 RUB 23,000 RUB 56,000 RUB
MINIMUM AVERAGE MAXIMUM
$160 $250 $620

2-bedroom apartment monthly rent cost

19,000 RUB 28,000 RUB 75,000 RUB
MINIMUM AVERAGE MAXIMUM
$210 $310 $830

3-bedroom apartment monthly rent cost

23,000 RUB 38,000 RUB 100,000 RUB
MINIMUM AVERAGE MAXIMUM
$250 $410 $1,100

Furnished apartment monthly rent cost

45,000 RUB 110,000 RUB 230,000 RUB
MINIMUM AVERAGE MAXIMUM
$500 $1,200 $2,500

Townhouse monthly rent cost

38,000 RUB 56,000 RUB 160,000 RUB
MINIMUM AVERAGE MAXIMUM
$410 $620 $1,800

House monthly rent cost

45,000 RUB 110,000 RUB 230,000 RUB
MINIMUM AVERAGE MAXIMUM
$500 $1,200 $2,500

Villa monthly rent cost

56,000 RUB 140,000 RUB 230,000 RUB
MINIMUM AVERAGE MAXIMUM
$620 $1,600 $2,500

The monthly rental cost of a studio apartment in Kazan ranges between 9,400 RUB and 38,000 RUB, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 14,000 RUB to 56,000 RUB. Two-bedroom rentals rate ranges between 19,000 RUB and 75,000 RUB per month. The monthly rental for a three-bedroom apartment ranges from 23,000 RUB to 100,000 RUB. The average rent of a townhouse in Kazan is around 56,000 RUB while house rental costs can be as high as 110,000 RUB per month. Finally, if you want to rent a villa, expect to pay anywhere from 56,000 RUB to 230,000 RUB per month.



Apartment and house prices in Kazan

Cost of buying a property

Studio apartment price

1.9M RUB 2.8M RUB 5.6M RUB
MINIMUM AVERAGE MAXIMUM
$21,000 $31,000 $62,000

1-bedroom apartment price

2.3M RUB 3.8M RUB 14M RUB
MINIMUM AVERAGE MAXIMUM
$25,000 $41,000 $160,000

2-bedroom apartment price

3.8M RUB 11M RUB 23M RUB
MINIMUM AVERAGE MAXIMUM
$41,000 $120,000 $250,000

3-bedroom apartment price

13M RUB 19M RUB 56M RUB
MINIMUM AVERAGE MAXIMUM
$140,000 $210,000 $620,000

Townhouse price

16M RUB 38M RUB 140M RUB
MINIMUM AVERAGE MAXIMUM
$180,000 $410,000 $1.6M

House price

19M RUB 110M RUB 160M RUB
MINIMUM AVERAGE MAXIMUM
$210,000 $1.2M $1.8M

Villa price

23M RUB 130M RUB 190M RUB
MINIMUM AVERAGE MAXIMUM
$250,000 $1.4M $2.1M

The average price of a studio apartment in Kazan can range from 1.9M RUB to 5.6M RUB depending on location. One bedroom cost can be anywhere from 2.3M RUB to 14M RUB. A villa can cost you 130M RUB on average with prices ranging from 23M RUB to 190M RUB.


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


42 x124 monthly income 226
MINIMUM AVERAGE MAXIMUM

Property prices in Kazan can be x124 to x226 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x124 multiples of the average monthly salary in Kazan.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


23% 34% of income 45%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Kazan is around 34%. This means that people pay 34% of their income for rent. Those figures can range from 23% to 45% 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
31%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.1%
AVERAGE
3.1%
TO
4%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


170 RUB 2,200 RUB 22,000 RUB
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

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

Monthly costs and expenses of energy and basic utilities in Kazan

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / Individual

640 RUB 4,500 RUB 30,000 RUB
MINIMUM AVERAGE MAXIMUM
$7 $50 $330

Utility Bill Cost / Electricity + Water + Gas / Couple

1,700 RUB 5,700 RUB 37,000 RUB
MINIMUM AVERAGE MAXIMUM
$18 $62 $410

Utility Bill Cost / Electricity + Water + Gas / Family

2,900 RUB 8,400 RUB 55,000 RUB
MINIMUM AVERAGE MAXIMUM
$32 $92 $600

Internet and cable cost

510 RUB 1,000 RUB 1,400 RUB
MINIMUM AVERAGE MAXIMUM
$5.6 $11 $15

Mobile phone bill and charges

410 RUB 680 RUB 2,100 RUB
MINIMUM AVERAGE MAXIMUM
$4.5 $7.5 $23

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 Kazan ranges between 640 RUB and 30,000 RUB with average being 4,500 RUB, meanwhile the expenditure of couples is slightly higher at 5,700 RUB with 1,700 RUB and 37,000 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 8,400 RUB. The cost of internet and WiFi is unchanged among the three groups and ranges from 510 RUB to 1,400 RUB with 1,000 RUB being the average internet bill. Finally, the average monthly mobile charges is around 680 RUB but can range between 410 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


2.2% 5.4% of income 9.8%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Kazan is around 5.4%. This means that people pay 5.4% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.2% to 9.8% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Kazan

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


Prices and cost of goods and services in Kazan

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

Fast food combo meal price

100 RUB 210 RUB 340 RUB
MINIMUM AVERAGE MAXIMUM
$1.1 $2.3 $3.8

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Kazan is approximatly 210 RUB with meal cost ranging from 100 RUB to 340 RUB. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

360 RUB 540 RUB 1,100 RUB
MINIMUM AVERAGE MAXIMUM
$4 $5.9 $12

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 360 RUB and 1,100 RUB with 540 RUB being the average price of a plate for one person at a regular restaurant in Kazan.

Fine dining meal for one price

720 RUB 1,100 RUB 4,300 RUB
MINIMUM AVERAGE MAXIMUM
$7.9 $12 $47

The price range of a meal at fine-dining restaurant is 720 RUB to 4,300 RUB with the average cost being 1,100 RUB for one person. This is what you would expect to pay a top-tier diner in Kazan.

Beverage prices, cappuccino, latte etc..

85 RUB 140 RUB 210 RUB
MINIMUM AVERAGE MAXIMUM
$0.94 $1.5 $2.3

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Kazan is around 140 RUB. Price ranges between 85 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

68 RUB 82 RUB 100 RUB
MINIMUM AVERAGE MAXIMUM
$0.75 $0.90 $1.1

The average price of a large bottle of milk in Kazan is 82 RUB. The maximum what you would pay for milk is 100 RUB and the minimum being 68 RUB depending on the brand of milk and other properties.

12 eggs price

51 RUB 68 RUB 100 RUB
MINIMUM AVERAGE MAXIMUM
$0.56 $0.75 $1.1

A dozen eggs costs around 68 RUB on average with 51 RUB and 100 RUB being the lower and upper limits respectively.

Fresh whole chicken price

120 RUB 150 RUB 210 RUB
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $2.4

The price range of a fresh whole chicken in Kazan is between 120 RUB and 210 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

140 RUB 210 RUB 410 RUB
MINIMUM AVERAGE MAXIMUM
$1.5 $2.3 $4.5

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

55 RUB 75 RUB 110 RUB
MINIMUM AVERAGE MAXIMUM
$0.61 $0.83 $1.2

A bag of rice in Kazan costs around 75 RUB on average with prices rangeing between 55 RUB and 110 RUB depending on the brand and quality.

Bag of tomatos price

21 RUB 27 RUB 51 RUB
MINIMUM AVERAGE MAXIMUM
$0.23 $0.30 $0.56

A bag of tomatoes costs anywhere from 21 RUB to 51 RUB. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

37 RUB 48 RUB 79 RUB
MINIMUM AVERAGE MAXIMUM
$0.40 $0.53 $0.87

A bag of apples costs 48 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


20% 28% of income 35%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Kazan is around 28%. This means that people spend 28% of their income on grocery and basic household items. The expenditure can range from 20% to 35% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 12,000 RUB per month on grocery and food with expenditure fluctuating between 1,700 RUB and 81,000 RUB depending on location and the type of person. The average cost of food and groceries for a couple is around 18,000 RUB per month. That number can be get as low as 5,900 RUB or a high as 94,000 RUB. Families' spending on grocery ranges from 11,000 RUB to 200,000 RUB with the location, income, and size of the family being the most determinite factors.


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

Housing cost for a single person30%

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

LOW$42   3,800 RUB
AVERAGE$300   27,000 RUB
HIGH$2,000   180,000 RUB
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

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

LOW$7   640 RUB
AVERAGE$50   4,500 RUB
HIGH$330   30,000 RUB
Per Month

Transport and Fuel Cost5%

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

LOW$9.4   850 RUB
AVERAGE$67   6,000 RUB
HIGH$440   40,000 RUB
Per Month

Food and Groceries Cost19%

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

LOW$19   1,700 RUB
AVERAGE$130   12,000 RUB
HIGH$890   81,000 RUB
Per Month

Healthcare Cost12%

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

LOW$11   960 RUB
AVERAGE$75   6,800 RUB
HIGH$500   45,000 RUB
Per Month

Leisure and Shopping Expenditure3%

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

LOW$5.9   530 RUB
AVERAGE$42   3,800 RUB
HIGH$280   25,000 RUB
Per Month

Education Cost1%

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

LOW$2.3   210 RUB
AVERAGE$17   1,500 RUB
HIGH$110   10,000 RUB
Per Month

Other Expenses21%

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

LOW$21   1,900 RUB
AVERAGE$150   14,000 RUB
HIGH$1,000   91,000 RUB
Per Month


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

Housing cost for a couple27%

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

LOW$160   14,000 RUB
AVERAGE$470   43,000 RUB
HIGH$2,500   230,000 RUB
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

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

LOW$18   1,700 RUB
AVERAGE$62   5,700 RUB
HIGH$410   37,000 RUB
Per Month

Transport and Fuel Cost9%

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

LOW$55   5,000 RUB
AVERAGE$170   15,000 RUB
HIGH$890   81,000 RUB
Per Month

Food and Groceries Cost17%

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

LOW$65   5,900 RUB
AVERAGE$190   18,000 RUB
HIGH$1,000   94,000 RUB
Per Month

Healthcare Cost14%

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

LOW$51   4,600 RUB
AVERAGE$150   14,000 RUB
HIGH$810   74,000 RUB
Per Month

Leisure and Shopping Cost4%

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

LOW$28   2,500 RUB
AVERAGE$83   7,600 RUB
HIGH$440   40,000 RUB
Per Month

Education Cost1%

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

LOW$9.2   840 RUB
AVERAGE$28   2,500 RUB
HIGH$150   13,000 RUB
Per Month

Other Expenses20%

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

LOW$79   7,100 RUB
AVERAGE$240   21,000 RUB
HIGH$1,300   110,000 RUB
Per Month


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

Housing cost for a family26%

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

LOW$210   19,000 RUB
AVERAGE$590   54,000 RUB
HIGH$3,800   350,000 RUB
Per Month

Utilities, Electricity, Water, Internet, Mobile5%

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

LOW$32   2,900 RUB
AVERAGE$92   8,400 RUB
HIGH$600   55,000 RUB
Per Month

Transport and Fuel Expenses5%

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

LOW$65   5,900 RUB
AVERAGE$180   17,000 RUB
HIGH$1,200   110,000 RUB
Per Month

Food and Groceries Cost21%

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

LOW$120   11,000 RUB
AVERAGE$330   30,000 RUB
HIGH$2,200   200,000 RUB
Per Month

Healthcare Expenses11%

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

LOW$58   5,300 RUB
AVERAGE$180   17,000 RUB
HIGH$960   87,000 RUB
Per Month

Leisure and Shopping Cost3%

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

LOW$32   2,900 RUB
AVERAGE$92   8,400 RUB
HIGH$600   55,000 RUB
Per Month

Education Cost13%

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

LOW$91   8,200 RUB
AVERAGE$260   24,000 RUB
HIGH$1,700   150,000 RUB
Per Month

Other Expenses15%

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

LOW$52   4,700 RUB
AVERAGE$150   13,000 RUB
HIGH$960   87,000 RUB
Per Month


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

Housing costs for Student18%

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

LOW$22   2,000 RUB
AVERAGE$150   13,000 RUB
HIGH$970   88,000 RUB
Per Month

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

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

LOW$3.7   340 RUB
AVERAGE$24   2,200 RUB
HIGH$160   15,000 RUB
Per Month

Transport and Fuel Cost4%

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

LOW$6.5   590 RUB
AVERAGE$43   3,900 RUB
HIGH$280   26,000 RUB
Per Month

Food and Groceries Expenditure23%

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

LOW$18   1,700 RUB
AVERAGE$120   11,000 RUB
HIGH$810   74,000 RUB
Per Month

Healthcare Cost9%

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

LOW$5.5   500 RUB
AVERAGE$37   3,300 RUB
HIGH$240   22,000 RUB
Per Month

Leisure and Shopping Cost3%

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

LOW$4.6   420 RUB
AVERAGE$30   2,800 RUB
HIGH$200   18,000 RUB
Per Month

Education Cost18%

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

LOW$18   1,600 RUB
AVERAGE$120   11,000 RUB
HIGH$770   70,000 RUB
Per Month

Other Expenses18%

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

LOW$14   1,300 RUB
AVERAGE$91   8,300 RUB
HIGH$610   55,000 RUB
Per Month
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