Cost Of Living in Khulna 2024

cost of living chart - average monthly expenditure in Khulna

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

Whether you're living in Khulna 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: BDT
2,200 28,000 280,000
MINIMUM AVERAGE MAXIMUM
$20 $260 $2,600

Monthly Expenditure ▶ Single

Currency: BDT
2,700 20,000 130,000
MINIMUM AVERAGE MAXIMUM
$25 $180 $1,200

Monthly Expenditure ▶ Couple

Currency: BDT
11,000 33,000 170,000
MINIMUM AVERAGE MAXIMUM
$99 $300 $1,600

Monthly Expenditure ▶ Family

Currency: BDT
15,000 44,000 280,000
MINIMUM AVERAGE MAXIMUM
$140 $400 $2,600

Monthly Expenditure ▶ Student

Currency: BDT
2,200 15,000 97,000
MINIMUM AVERAGE MAXIMUM
$20 $130 $890
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Khulna is 20,000 BDT. Expenses can range from 2,700 BDT at the minimum level to 130,000 BDT at the highest end.


Couples

The average monthly spending of couples in Khulna is 33,000 BDT. Expenditure can range from 11,000 BDT to 170,000 BDT per month.


Families

The average cost of living for families in Khulna is 44,000 BDT per month. Families spend anywhere from 15,000 BDT to 280,000 BDT.


Students

The average monthly expenditure for students in Khulna is 15,000 BDT. Students spend from 2,200 BDT to 97,000 BDT 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 Khulna


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

Dining, food, and beverages costs


Fast food combo meal

27 BDT 54 BDT 90 BDT
MINIMUM AVERAGE MAXIMUM
$0.25 $0.49 $0.82

Restaurant meal for one

92 BDT 140 BDT 280 BDT
MINIMUM AVERAGE MAXIMUM
$0.84 $1.3 $2.5

Fine dining meal for one

180 BDT 280 BDT 1,100 BDT
MINIMUM AVERAGE MAXIMUM
$1.7 $2.5 $10

Cappuccino or latte

23 BDT 36 BDT 54 BDT
MINIMUM AVERAGE MAXIMUM
$0.21 $0.33 $0.49

Grocery and market costs


Milk large bottle

18 BDT 22 BDT 27 BDT
MINIMUM AVERAGE MAXIMUM
$0.16 $0.20 $0.25

12 eggs

14 BDT 18 BDT 27 BDT
MINIMUM AVERAGE MAXIMUM
$0.12 $0.16 $0.25

Fresh whole chicken

31 BDT 40 BDT 56 BDT
MINIMUM AVERAGE MAXIMUM
$0.28 $0.36 $0.51

Pack of beef

36 BDT 54 BDT 110 BDT
MINIMUM AVERAGE MAXIMUM
$0.33 $0.49 $0.99

Medium bag of rice

15 BDT 20 BDT 28 BDT
MINIMUM AVERAGE MAXIMUM
$0.13 $0.18 $0.26

Bag of tomatos

5.4 BDT 7.2 BDT 14 BDT
MINIMUM AVERAGE MAXIMUM
$0.05 $0.07 $0.12

Bag of apples

9.7 BDT 13 BDT 21 BDT
MINIMUM AVERAGE MAXIMUM
$0.09 $0.12 $0.19
Chart showing the prices and cost of commute, travel, and transportation in Khulna

Commute, travel, and transportation costs


20 minutes taxi ride

23 BDT 28 BDT 55 BDT
MINIMUM AVERAGE MAXIMUM
$0.21 $0.25 $0.50

Average car full tank

140 BDT 180 BDT 360 BDT
MINIMUM AVERAGE MAXIMUM
$1.2 $1.6 $3.3

Average car 1-day rental

140 BDT 190 BDT 280 BDT
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $2.6

Average car price

68,000 BDT 140,000 BDT 180,000 BDT
MINIMUM AVERAGE MAXIMUM
$620 $1,200 $1,600

Bus ticket one way

4.7 BDT 7 BDT 14 BDT
MINIMUM AVERAGE MAXIMUM
$0.04 $0.06 $0.13

Car Service

190 BDT 280 BDT 560 BDT
MINIMUM AVERAGE MAXIMUM
$1.7 $2.6 $5.1
Chart showing the prices and cost of utility, energy, water, and gas for a family in Khulna

Utility cost (monthly)


Utility Bill - Individual

160 BDT 1,200 BDT 7,900 BDT
MINIMUM AVERAGE MAXIMUM
$1.5 $11 $72

Utility Bill - Couple

440 BDT 1,500 BDT 9,600 BDT
MINIMUM AVERAGE MAXIMUM
$4 $13 $88

Utility Bill - Family

760 BDT 2,200 BDT 14,000 BDT
MINIMUM AVERAGE MAXIMUM
$7 $20 $130

Internet and cable

140 BDT 270 BDT 360 BDT
MINIMUM AVERAGE MAXIMUM
$1.2 $2.5 $3.3

Mobile phone charges

110 BDT 180 BDT 540 BDT
MINIMUM AVERAGE MAXIMUM
$0.99 $1.6 $4.9

Leisure and activities costs


Movie ticket

68 BDT 90 BDT 140 BDT
MINIMUM AVERAGE MAXIMUM
$0.62 $0.82 $1.2

One month gym membership

220 BDT 280 BDT 560 BDT
MINIMUM AVERAGE MAXIMUM
$2 $2.6 $5.1
Chart showing the prices and cost of clothing and accessories in Khulna

Cloths and accessories costs


Pair of jeans or pants

170 BDT 230 BDT 350 BDT
MINIMUM AVERAGE MAXIMUM
$1.5 $2.1 $3.2

Woman dress

160 BDT 220 BDT 700 BDT
MINIMUM AVERAGE MAXIMUM
$1.4 $2 $6.4

Woman shoes

150 BDT 200 BDT 470 BDT
MINIMUM AVERAGE MAXIMUM
$1.3 $1.8 $4.3

Men's shoes

130 BDT 160 BDT 310 BDT
MINIMUM AVERAGE MAXIMUM
$1.2 $1.4 $2.8

Men suit

140 BDT 180 BDT 940 BDT
MINIMUM AVERAGE MAXIMUM
$1.3 $1.6 $8.5

Regular t-shirt

70 BDT 94 BDT 280 BDT
MINIMUM AVERAGE MAXIMUM
$0.64 $0.85 $2.6
Chart showing the prices and cost of housing, accommodation, and rent in Khulna

Housing costs / monthly rent


Studio apartment

2,300 BDT 3,500 BDT 9,400 BDT
MINIMUM AVERAGE MAXIMUM
$21 $32 $85

1-bedroom apartment

3,500 BDT 5,600 BDT 14,000 BDT
MINIMUM AVERAGE MAXIMUM
$32 $51 $130

2-bedroom apartment

4,700 BDT 7,000 BDT 19,000 BDT
MINIMUM AVERAGE MAXIMUM
$43 $64 $170

Housing costs / Buying


Studio apartment

470,000 BDT 700,000 BDT 1.4M BDT
MINIMUM AVERAGE MAXIMUM
$4,300 $6,400 $13,000

1-bedroom apartment

560,000 BDT 940,000 BDT 3.5M BDT
MINIMUM AVERAGE MAXIMUM
$5,100 $8,500 $32,000

2-bedroom apartment

940,000 BDT 2.8M BDT 5.6M BDT
MINIMUM AVERAGE MAXIMUM
$8,500 $26,000 $51,000
Chart showing the prices and cost of furniture in Khulna

Furniture Costs


King Size Bed

2,700 BDT 3,400 BDT 4,500 BDT
MINIMUM AVERAGE MAXIMUM
$25 $31 $41

Double Bed

1,800 BDT 2,700 BDT 3,400 BDT
MINIMUM AVERAGE MAXIMUM
$16 $25 $31

Single Bed

1,600 BDT 2,100 BDT 2,700 BDT
MINIMUM AVERAGE MAXIMUM
$14 $19 $25

Living Room

3,000 BDT 3,900 BDT 14,000 BDT
MINIMUM AVERAGE MAXIMUM
$27 $35 $120

Dining Table

1,400 BDT 1,800 BDT 3,400 BDT
MINIMUM AVERAGE MAXIMUM
$12 $16 $31

Sofa or Couch

1,800 BDT 2,500 BDT 5,400 BDT
MINIMUM AVERAGE MAXIMUM
$16 $22 $49
Chart showing the prices and cost of electronic devices and appliances in Khulna

Electronics and House Appliance Costs


TV Set

1,800 BDT 2,700 BDT 5,400 BDT
MINIMUM AVERAGE MAXIMUM
$16 $25 $49

Fridge or Freezer

1,600 BDT 2,500 BDT 3,400 BDT
MINIMUM AVERAGE MAXIMUM
$14 $22 $31

Washing Machine

2,100 BDT 3,000 BDT 5,400 BDT
MINIMUM AVERAGE MAXIMUM
$19 $27 $49

Stove or Cooker

1,900 BDT 2,500 BDT 3,400 BDT
MINIMUM AVERAGE MAXIMUM
$18 $22 $31

Mobile Phone

2,300 BDT 2,700 BDT 3,900 BDT
MINIMUM AVERAGE MAXIMUM
$21 $25 $35

Laptop or Computer

2,500 BDT 3,000 BDT 5,400 BDT
MINIMUM AVERAGE MAXIMUM
$22 $27 $49

Expenditure to Income Ratio in Khulna

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 Khulna

Spending to Income Ratio

94%

87% to 100%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%4%
50% - 60%8%
60% - 70%15%
70% - 80%25%
80% - 90%21%
90% - 100%11%
100% - 110%6%
110% - 120%4%
120% - 130%3%
130% - 140%2%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Khulna is 94% This means that on average, people spend around 94% of their income for living. According to the distribution table, 15% 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
84%
Spending-Income-Ratio
78%
93%

Couple
89%
Spending-Income-Ratio
83%
98%

Family
98%
Spending-Income-Ratio
92%
110%
Distribution of monthly cost of living expenses in Khulna

How do people spend their money in Khulna?

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 Expenditure23%

23% of total expenses on average (12% to 31%)

LOW$6   650 BDT
AVERAGE$78   8,500 BDT
HIGH$780   85,000 BDT
Per Month

People living in Khulna typically spend from 12% to 31% of their total monthly expenditure on housing with 23% being the average. The average spend on housing is 8,500 BDT with expenditure ranging from 650 BDT to 85,000 BDT. 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, Mobile8%

8% of total expenses on average (5% to 12%)

LOW$0.99   110 BDT
AVERAGE$13   1,400 BDT
HIGH$130   14,000 BDT
Per Month

Utility expenditure like electricity, water, and gas in Khulna ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 1,400 BDT with 110 BDT and 14,000 BDT being the upper and lower limits.

Transport, Fuel, Commute7%

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

LOW$2   220 BDT
AVERAGE$26   2,800 BDT
HIGH$260   28,000 BDT
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 220 BDT to 28,000 BDT on commuting with 2,800 BDT 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$5   550 BDT
AVERAGE$65   7,100 BDT
HIGH$650   71,000 BDT
Per Month

The average outlay on groceries in a month in Khulna is 7,100 BDT. The cost of groceries can range between 550 BDT to 71,000 BDT. 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$1.4   150 BDT
AVERAGE$18   2,000 BDT
HIGH$180   20,000 BDT
Per Month

People in Khulna 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 150 BDT to 20,000 BDT with 2,000 BDT being the norm.

Leisure and Shopping4%

4% of total expenses on average (2% to 8%)

LOW$0.80   87 BDT
AVERAGE$10   1,100 BDT
HIGH$100   11,000 BDT
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 87 BDT to 11,000 BDT with 1,100 BDT being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.

Education and Schooling5%

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

LOW$1.2   130 BDT
AVERAGE$16   1,700 BDT
HIGH$160   17,000 BDT
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 1,700 BDT per month with 130 BDT being the minimum spent amount and 17,000 BDT being the maximum.

Other Expenses14%

14% of total expenses on average (9% to 21%)

LOW$2.6   280 BDT
AVERAGE$34   3,700 BDT
HIGH$340   37,000 BDT
Per Month
Percentage of people who manage to save money from their income every month in Khulna

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


Saving Money
57%
Not Saving
43%

Almost 57% of the surveyed people in Khulna said that they can save some money at the end of each month while 43% said that aren't saving anything.


Percentage of people saving money by population group in Khulna

GroupSaversNon Savers
Singles60%40%
Couples54%46%
Families49%51%

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 Khulna

Saving to Income Ratio

8.6% 16% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

620 BDT
$5.7
8,100 BDT
$74
81,000 BDT
$740
MINIMUM AVERAGE MAXIMUM

For most people, 8.6% to 30% of their monthly income is what they can allocate to their savings, with 16% being the average. The amount of money that people can save is approximately 8,100 BDT on average with savings ranging from 620 BDT to 81,000 BDT.

60% 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 Khulna?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

12% 20% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

620 BDT
$5.7
5,600 BDT
$51
37,000 BDT
$340
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%33%
10% - 20%26%
20% - 30%16%
30% - 40%12%
40% - 50%9%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 12% to 32% of their monthly income to savings, with 20% being the average for most singles. The average amount of money that singles are able to save is 5,600 BDT with 620 BDT and 37,000 BDT being the minimum and maximum respectively.


Couples

Saving to Income Ratio

9.7% 18% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

3,100 BDT
$28
9,400 BDT
$85
50,000 BDT
$460
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%37%
10% - 20%28%
20% - 30%19%
30% - 40%7%
40% - 50%6%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 9.7% to 31% of their monthly income, with 18% being the average for most couples. The average amount of money that couples can save is 9,400 BDT with 3,100 BDT and 50,000 BDT being the minimum and maximum respectively.


Families

Saving to Income Ratio

8.6% 15% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

4,400 BDT
$40
12,000 BDT
$110
81,000 BDT
$740
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%40%
10% - 20%31%
20% - 30%20%
30% - 40%4%
40% - 50%3%
> 50%2%

Interpretation and Analysis

Families in Khulna can save anywhere between 8.6% to 29% of their monthly income, with 15% being the average for most families. The average amount of money that families can put aside is 12,000 BDT with 4,400 BDT and 81,000 BDT being the minimum and maximum respectively.

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

Saving Challenges in Khulna

Reasons that make it difficult for people to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans13%
Lack of Budgeting Skills12%
Impulsive Spending12%
Financial Emergencies7%
Living the moment5%
Will do it later21%
Inflation14%
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. 13% 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. 21% 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 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 Khulna

Typical saving choices for people in Khulna

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold13%
Savings Accounts17%
Retirement Accounts10%
Cash Savings21%
Real Estate9%
Investment5%
Stocks4%
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 Khulna

Affordable living in Khulna

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Khulna?


Yes
48%
No
52%

Around 48% of surveyed residents think that living in Khulna is affordable with proper budgeting while 52% 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 Khulna

Low-cost alternatives in Khulna

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 options58%

Few low-cost options42%


Based on the survey, 58% of the people living in Khulna have no problem finding low-cost alternatives to support a frugal lifestyle while 42% 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 Khulna whether they have an emergency fund and the answers were as follows.

Yes47%

No53%


Based on the survey, 53% of the people living in Khulna said that they don't have an emergency fund while 47% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Khulna

Financial Literacy in Bangladesh

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 Leteracy40%


We asked residents of Bangladesh whether they acquired any adequate personal financial training in their lives. Approximately 60% 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 40% 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 Bangladesh have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 54% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 46% said that they have everything under control.

Struggles with finance54%

Easily manages finances46%

Financial goals and targets of people living in Khulna

Financial goals of people in Khulna

In an attempt to understand the economic situation in Khulna, 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 Reduction44%
Retirement Savings11%
Education Funding7%
Homeownership18%
Investing6%
Travel or Lifestyle6%
Healthcare Expenses14%
Financial Independence4%

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 44% 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 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. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 6% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 14% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Khulna

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

Retirement age

The retirement age for most employees in Bangladesh 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 Khulna:
AgeAmount
2573,000 BDT
30150,000 BDT
35260,000 BDT
40360,000 BDT
45550,000 BDT
50770,000 BDT
55910,000 BDT
601.1M BDT
651.4M BDT

Retirement Income Distribution

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

Source% People
Pensions12%
Savings23%
Investments12%
Social Security7%
Annuities7%
Part-time Job15%
Real Estate18%
Dividends and Interest7%

Retirement Monthly Expenses in Khulna

1,600 BDT
$15
15,000 BDT
$130
97,000 BDT
$890
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Khulna

Debt, loans, and mortgages in Khulna


Percentage of people who are in debt


In Debt
32%
Debt Free
68%

According to the survey, 32% of the people in Khulna have some kind of debt, loan, mortgage, or credit card payments while 68% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Khulna

Debt-to-income ratio in Khulna

Debt to income ratio

34%

27% to 44%

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


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%19%
40% - 50%15%
30% - 40%17%
20% - 30%10%
10% - 20%11%
0% - 10%25%

According to our data, 3% of the debtors in Khulna pay 60%+ of their income as debt settlement while 19% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 10% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Khulna

Debt% People
Real Estate Mortgage8%
Auto Loan14%
Student Loan4%
Credit Card30%
Personal Loan44%

8% of debtors in Khulna confirm that real estate mortgages constitutes the main part of their outstanding debt while 30% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 14% of people and personal loans rose at 44%. Lastly, student loans are the main source of debt for 4% of debtors in Khulna.


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 Khulna

Besides measuring the loan-to-income ratio, we asked residents of Khulna 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
Never50%
Once a year24%
Twice a year13%
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 Khulna

Housing costs, accommodation, and housing affordability in Khulna

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


Rent Cost in Khulna

Monthly Rent Prices

Studio apartment monthly rent cost

2,300 BDT 3,500 BDT 9,400 BDT
MINIMUM AVERAGE MAXIMUM
$21 $32 $85

1-bedroom apartment monthly rent cost

3,500 BDT 5,600 BDT 14,000 BDT
MINIMUM AVERAGE MAXIMUM
$32 $51 $130

2-bedroom apartment monthly rent cost

4,700 BDT 7,000 BDT 19,000 BDT
MINIMUM AVERAGE MAXIMUM
$43 $64 $170

3-bedroom apartment monthly rent cost

5,600 BDT 9,400 BDT 26,000 BDT
MINIMUM AVERAGE MAXIMUM
$51 $85 $230

Furnished apartment monthly rent cost

11,000 BDT 28,000 BDT 56,000 BDT
MINIMUM AVERAGE MAXIMUM
$100 $260 $510

Townhouse monthly rent cost

9,400 BDT 14,000 BDT 40,000 BDT
MINIMUM AVERAGE MAXIMUM
$85 $130 $370

House monthly rent cost

11,000 BDT 28,000 BDT 56,000 BDT
MINIMUM AVERAGE MAXIMUM
$100 $260 $510

Villa monthly rent cost

14,000 BDT 35,000 BDT 56,000 BDT
MINIMUM AVERAGE MAXIMUM
$130 $320 $510

The monthly rental cost of a studio apartment in Khulna ranges between 2,300 BDT and 9,400 BDT, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 3,500 BDT to 14,000 BDT. Two-bedroom rentals rate ranges between 4,700 BDT and 19,000 BDT per month. The monthly rental for a three-bedroom apartment ranges from 5,600 BDT to 26,000 BDT. The average rent of a townhouse in Khulna is around 14,000 BDT while house rental costs can be as high as 28,000 BDT per month. Finally, if you want to rent a villa, expect to pay anywhere from 14,000 BDT to 56,000 BDT per month.



Apartment and house prices in Khulna

Cost of buying a property

Studio apartment price

470,000 BDT 700,000 BDT 1.4M BDT
MINIMUM AVERAGE MAXIMUM
$4,300 $6,400 $13,000

1-bedroom apartment price

560,000 BDT 940,000 BDT 3.5M BDT
MINIMUM AVERAGE MAXIMUM
$5,100 $8,500 $32,000

2-bedroom apartment price

940,000 BDT 2.8M BDT 5.6M BDT
MINIMUM AVERAGE MAXIMUM
$8,500 $26,000 $51,000

3-bedroom apartment price

3.1M BDT 4.7M BDT 14M BDT
MINIMUM AVERAGE MAXIMUM
$28,000 $43,000 $130,000

Townhouse price

4M BDT 9.4M BDT 35M BDT
MINIMUM AVERAGE MAXIMUM
$37,000 $85,000 $320,000

House price

4.7M BDT 28M BDT 40M BDT
MINIMUM AVERAGE MAXIMUM
$43,000 $260,000 $370,000

Villa price

5.6M BDT 31M BDT 47M BDT
MINIMUM AVERAGE MAXIMUM
$51,000 $280,000 $430,000

The average price of a studio apartment in Khulna can range from 470,000 BDT to 1.4M BDT depending on location. One bedroom cost can be anywhere from 560,000 BDT to 3.5M BDT. A villa can cost you 31M BDT on average with prices ranging from 5.6M BDT to 47M BDT.


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


31 x86 monthly income 202
MINIMUM AVERAGE MAXIMUM

Property prices in Khulna can be x86 to x202 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x86 multiples of the average monthly salary in Khulna.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


19% 30% of income 41%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Khulna is around 30%. This means that people pay 30% of their income for rent. Those figures can range from 19% to 41% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
27%

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
1.9%
AVERAGE
2.9%
TO
3.9%

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.


44 BDT 570 BDT 5,700 BDT
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 Khulna

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / Individual

160 BDT 1,200 BDT 7,900 BDT
MINIMUM AVERAGE MAXIMUM
$1.5 $11 $72

Utility Bill Cost / Electricity + Water + Gas / Couple

440 BDT 1,500 BDT 9,600 BDT
MINIMUM AVERAGE MAXIMUM
$4 $13 $88

Utility Bill Cost / Electricity + Water + Gas / Family

760 BDT 2,200 BDT 14,000 BDT
MINIMUM AVERAGE MAXIMUM
$7 $20 $130

Internet and cable cost

140 BDT 270 BDT 360 BDT
MINIMUM AVERAGE MAXIMUM
$1.2 $2.5 $3.3

Mobile phone bill and charges

110 BDT 180 BDT 540 BDT
MINIMUM AVERAGE MAXIMUM
$0.99 $1.6 $4.9

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 Khulna ranges between 160 BDT and 7,900 BDT with average being 1,200 BDT, meanwhile the expenditure of couples is slightly higher at 1,500 BDT with 440 BDT and 9,600 BDT 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 2,200 BDT. The cost of internet and WiFi is unchanged among the three groups and ranges from 140 BDT to 360 BDT with 270 BDT being the average internet bill. Finally, the average monthly mobile charges is around 180 BDT but can range between 110 BDT and 540 BDT 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


4.3% 7.5% of income 12%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Khulna is around 7.5%. This means that people pay 7.5% of their income for energy, water, internet, and mobile charges. Those figures can range from 4.3% to 12% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Khulna

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


Prices and cost of goods and services in Khulna

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

Fast food combo meal price

27 BDT 54 BDT 90 BDT
MINIMUM AVERAGE MAXIMUM
$0.25 $0.49 $0.82

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Khulna is approximatly 54 BDT with meal cost ranging from 27 BDT to 90 BDT. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

92 BDT 140 BDT 280 BDT
MINIMUM AVERAGE MAXIMUM
$0.84 $1.3 $2.5

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 92 BDT and 280 BDT with 140 BDT being the average price of a plate for one person at a regular restaurant in Khulna.

Fine dining meal for one price

180 BDT 280 BDT 1,100 BDT
MINIMUM AVERAGE MAXIMUM
$1.7 $2.5 $10

The price range of a meal at fine-dining restaurant is 180 BDT to 1,100 BDT with the average cost being 280 BDT for one person. This is what you would expect to pay a top-tier diner in Khulna.

Beverage prices, cappuccino, latte etc..

23 BDT 36 BDT 54 BDT
MINIMUM AVERAGE MAXIMUM
$0.21 $0.33 $0.49

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Khulna is around 36 BDT. Price ranges between 23 BDT and 54 BDT depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

18 BDT 22 BDT 27 BDT
MINIMUM AVERAGE MAXIMUM
$0.16 $0.20 $0.25

The average price of a large bottle of milk in Khulna is 22 BDT. The maximum what you would pay for milk is 27 BDT and the minimum being 18 BDT depending on the brand of milk and other properties.

12 eggs price

14 BDT 18 BDT 27 BDT
MINIMUM AVERAGE MAXIMUM
$0.12 $0.16 $0.25

A dozen eggs costs around 18 BDT on average with 14 BDT and 27 BDT being the lower and upper limits respectively.

Fresh whole chicken price

31 BDT 40 BDT 56 BDT
MINIMUM AVERAGE MAXIMUM
$0.28 $0.36 $0.51

The price range of a fresh whole chicken in Khulna is between 31 BDT and 56 BDT depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 40 BDT.

Pack of beef price

36 BDT 54 BDT 110 BDT
MINIMUM AVERAGE MAXIMUM
$0.33 $0.49 $0.99

The price of a regular pack of beef or meat is around 54 BDT. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

15 BDT 20 BDT 28 BDT
MINIMUM AVERAGE MAXIMUM
$0.13 $0.18 $0.26

A bag of rice in Khulna costs around 20 BDT on average with prices rangeing between 15 BDT and 28 BDT depending on the brand and quality.

Bag of tomatos price

5.4 BDT 7.2 BDT 14 BDT
MINIMUM AVERAGE MAXIMUM
$0.05 $0.07 $0.12

A bag of tomatoes costs anywhere from 5.4 BDT to 14 BDT. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

9.7 BDT 13 BDT 21 BDT
MINIMUM AVERAGE MAXIMUM
$0.09 $0.12 $0.19

A bag of apples costs 13 BDT 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% 29% of income 36%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Khulna is around 29%. This means that people spend 29% of their income on grocery and basic household items. The expenditure can range from 20% to 36% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 3,100 BDT per month on grocery and food with expenditure fluctuating between 440 BDT and 21,000 BDT depending on location and the type of person. The average cost of food and groceries for a couple is around 4,600 BDT per month. That number can be get as low as 1,500 BDT or a high as 24,000 BDT. Families' spending on grocery ranges from 2,800 BDT to 51,000 BDT 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 Khulna

Housing cost for a single person29%

29% of total expenses on average (17% to 41%)

LOW$9   990 BDT
AVERAGE$64   7,100 BDT
HIGH$430   47,000 BDT
Per Month

Utilities, Electricity, Water, Internet, Mobile9%

9% of total expenses on average (5% to 14%)

LOW$1.5   160 BDT
AVERAGE$11   1,200 BDT
HIGH$72   7,900 BDT
Per Month

Transport and Fuel Cost5%

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

LOW$2   220 BDT
AVERAGE$14   1,600 BDT
HIGH$95   10,000 BDT
Per Month

Food and Groceries Cost19%

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

LOW$4   440 BDT
AVERAGE$29   3,100 BDT
HIGH$190   21,000 BDT
Per Month

Healthcare Cost12%

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

LOW$2.3   250 BDT
AVERAGE$16   1,800 BDT
HIGH$110   12,000 BDT
Per Month

Leisure and Shopping Expenditure2%

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

LOW$1.3   140 BDT
AVERAGE$9   980 BDT
HIGH$60   6,500 BDT
Per Month

Education Cost1%

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

LOW$0.50   55 BDT
AVERAGE$3.6   390 BDT
HIGH$24   2,600 BDT
Per Month

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW$4.5   490 BDT
AVERAGE$32   3,500 BDT
HIGH$210   24,000 BDT
Per Month


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

Housing cost for a couple26%

26% of total expenses on average (19% to 36%)

LOW$34   3,700 BDT
AVERAGE$100   11,000 BDT
HIGH$540   59,000 BDT
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

8% of total expenses on average (6% to 12%)

LOW$4   440 BDT
AVERAGE$13   1,500 BDT
HIGH$88   9,600 BDT
Per Month

Transport and Fuel Cost9%

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

LOW$12   1,300 BDT
AVERAGE$36   3,900 BDT
HIGH$190   21,000 BDT
Per Month

Food and Groceries Cost17%

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

LOW$14   1,500 BDT
AVERAGE$42   4,600 BDT
HIGH$220   24,000 BDT
Per Month

Healthcare Cost14%

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

LOW$11   1,200 BDT
AVERAGE$33   3,600 BDT
HIGH$180   19,000 BDT
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (1% to 6%)

LOW$6   650 BDT
AVERAGE$18   2,000 BDT
HIGH$95   10,000 BDT
Per Month

Education Cost1%

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

LOW$2   220 BDT
AVERAGE$6   650 BDT
HIGH$32   3,500 BDT
Per Month

Other Expenses21%

21% of total expenses on average (15% to 27%)

LOW$17   1,900 BDT
AVERAGE$51   5,600 BDT
HIGH$270   30,000 BDT
Per Month


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

Housing cost for a family25%

25% of total expenses on average (20% to 35%)

LOW$45   4,900 BDT
AVERAGE$130   14,000 BDT
HIGH$830   91,000 BDT
Per Month

Utilities, Electricity, Water, Internet, Mobile6%

6% of total expenses on average (4% to 9%)

LOW$7   760 BDT
AVERAGE$20   2,200 BDT
HIGH$130   14,000 BDT
Per Month

Transport and Fuel Expenses5%

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

LOW$14   1,500 BDT
AVERAGE$40   4,400 BDT
HIGH$260   28,000 BDT
Per Month

Food and Groceries Cost21%

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

LOW$25   2,800 BDT
AVERAGE$72   7,900 BDT
HIGH$470   51,000 BDT
Per Month

Healthcare Expenses11%

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

LOW$13   1,400 BDT
AVERAGE$40   4,400 BDT
HIGH$210   23,000 BDT
Per Month

Leisure and Shopping Cost2%

2% of total expenses on average (1% to 6%)

LOW$7   760 BDT
AVERAGE$20   2,200 BDT
HIGH$130   14,000 BDT
Per Month

Education Cost13%

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

LOW$19   2,100 BDT
AVERAGE$56   6,100 BDT
HIGH$360   40,000 BDT
Per Month

Other Expenses16%

16% of total expenses on average (9% to 21%)

LOW$11   1,200 BDT
AVERAGE$32   3,500 BDT
HIGH$210   23,000 BDT
Per Month


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

Housing costs for Student17%

17% of total expenses on average (12% to 23%)

LOW$4.8   520 BDT
AVERAGE$32   3,500 BDT
HIGH$210   23,000 BDT
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses7%

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

LOW$0.80   87 BDT
AVERAGE$5.3   580 BDT
HIGH$35   3,900 BDT
Per Month

Transport and Fuel Cost4%

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

LOW$1.4   150 BDT
AVERAGE$9.3   1,000 BDT
HIGH$62   6,800 BDT
Per Month

Food and Groceries Expenditure23%

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

LOW$4   440 BDT
AVERAGE$27   2,900 BDT
HIGH$180   19,000 BDT
Per Month

Healthcare Cost9%

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

LOW$1.2   130 BDT
AVERAGE$8   880 BDT
HIGH$53   5,800 BDT
Per Month

Leisure and Shopping Cost2%

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

LOW$0.99   110 BDT
AVERAGE$6.6   730 BDT
HIGH$44   4,900 BDT
Per Month

Education Cost18%

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

LOW$3.8   410 BDT
AVERAGE$25   2,800 BDT
HIGH$170   18,000 BDT
Per Month

Other Expenses19%

19% of total expenses on average (13% to 25%)

LOW$3   330 BDT
AVERAGE$20   2,200 BDT
HIGH$130   15,000 BDT
Per Month
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