Cost Of Living in Krasnodar 2024

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

Whether you're living in Krasnodar or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Singles

The average monthly expense for a single person living in Krasnodar is 66,000 RUB. Expenses can range from 9,300 RUB at the minimum level to 440,000 RUB at the highest end.

Couples

The average monthly spending of couples in Krasnodar is 110,000 RUB. Expenditure can range from 37,000 RUB to 590,000 RUB per month.

Families

The average cost of living for families in Krasnodar is 150,000 RUB per month. Families spend anywhere from 51,000 RUB to 950,000 RUB.

Students

The average monthly expenditure for students in Krasnodar is 48,000 RUB. Students spend from 7,300 RUB to 320,000 RUB per month.

Expenditure to Income Ratio in Krasnodar

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

Expense to income distribution levels

Interpretation and Analysis

The average spending-to-salary ratio in Krasnodar is 79% This means that on average, people spend around 79% of their income for living. According to the distribution table, 16% of the population spend approximately 60% to 70% of their income every month.

Individual
71%
Spending-Income-Ratio

---

65%

79%

Couple
75%
Spending-Income-Ratio

---

68%

84%

Family
83%
Spending-Income-Ratio

---

75%

92%

How do people spend their money in Krasnodar?

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

People living in Krasnodar typically spend from 13% to 32% of their total monthly expenditure on housing with 24% being the average. The average spend on housing is 29,000 RUB with expenditure ranging from 2,200 RUB to 290,000 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.

Utility expenditure like electricity, water, and gas in Krasnodar ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 4,800 RUB with 370 RUB and 48,000 RUB being the upper and lower limits.

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 730 RUB to 95,000 RUB on commuting with 9,500 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%.

The average outlay on groceries in a month in Krasnodar is 24,000 RUB. The cost of groceries can range between 1,800 RUB to 240,000 RUB. People spend on average about 28% on food and groceries with upper and lower bounds of 20% and 34% respectively.

People in Krasnodar 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 510 RUB to 67,000 RUB with 6,700 RUB being the norm.

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 290 RUB to 38,000 RUB with 3,800 RUB being the average. Speaking of percentages, that equates to 2% to 9% of total expenses with an average of 5% for most residents.

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 5,700 RUB per month with 440 RUB being the minimum spent amount and 57,000 RUB being the maximum.

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

Almost 57% of the surveyed people in Krasnodar 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 Krasnodar

Saving to Income Ratio

Average Monthly Saved Amount

For most people, 11% to 30% of their monthly income is what they can allocate to their savings, with 19% being the average. The amount of money that people can save is approximately 33,000 RUB on average with savings ranging from 2,500 RUB to 330,000 RUB.

61% of surveyed singles reported some of their income going to savings while 56% of couples said the same. 51% of families confirmed their ability to save money.

How much money do people actually save in Krasnodar?

Singles

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for singles

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 14% to 32% of their monthly income to savings, with 23% being the average for most singles. The average amount of money that singles are able to save is 23,000 RUB with 2,500 RUB and 150,000 RUB being the minimum and maximum respectively.

Couples

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for couples

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 12% to 31% of their monthly income, with 21% being the average for most couples. The average amount of money that couples can save is 38,000 RUB with 13,000 RUB and 200,000 RUB being the minimum and maximum respectively.

Families

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for families

Interpretation and Analysis

Families in Krasnodar can save anywhere between 10% to 27% of their monthly income, with 18% being the average for most families. The average amount of money that families can put aside is 50,000 RUB with 18,000 RUB and 330,000 RUB being the minimum and maximum respectively.

Saving Challenges in Krasnodar

Reasons that make it difficult for people to save money

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

Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 14% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 11% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 20% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 13% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Typical saving choices for people in Krasnodar

Where do people choose to put their savings?

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

Affordable living in Krasnodar

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Krasnodar?

Around 58% of surveyed residents think that living in Krasnodar is affordable with proper budgeting while 42% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Krasnodar

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options55%

Few low-cost options45%

Based on the survey, 55% of the people living in Krasnodar have no problem finding low-cost alternatives to support a frugal lifestyle while 45% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Krasnodar whether they have an emergency fund and the answers were as follows.

Yes56%

No44%

Based on the survey, 44% of the people living in Krasnodar said that they don't have an emergency fund while 56% said that they do.

Financial Literacy in Russia

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

Financial Leteracy56%

We asked residents of Russia whether they acquired any adequate personal financial training in their lives. Approximately 44% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 56% said that they know about the general principles of personal finance from sources other than their own experience.

Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Russia have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 40% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 60% said that they have everything under control.

Struggles with finance40%

Easily manages finances60%

Financial goals of people in Krasnodar

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

Around 8% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 41% 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 7% 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 Krasnodar

What does the retirement lifestyle look like in Krasnodar 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.

Retirement Income Distribution

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

Retirement Monthly Expenses in Krasnodar

Debt, loans, and mortgages in Krasnodar

Percentage of people who are in debt

According to the survey, 27% of the people in Krasnodar have some kind of debt, loan, mortgage, or credit card payments while 74% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Krasnodar

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 27% of the people's monthly income in Krasnodar goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 3% of the debtors in Krasnodar pay 60%+ of their income as debt settlement while 17% 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 Krasnodar

9% of debtors in Krasnodar 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 16% of people and personal loans rose at 42%. Lastly, student loans are the main source of debt for 4% of debtors in Krasnodar.

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 Krasnodar

Besides measuring the loan-to-income ratio, we asked residents of Krasnodar how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Housing costs, accommodation, and housing affordability in Krasnodar

Rent Cost in Krasnodar

Monthly Rent Prices

Studio apartment monthly rent cost

8,200 RUB

12,000 RUB

33,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$90

$140

$360

1-bedroom apartment monthly rent cost

12,000 RUB

20,000 RUB

49,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$140

$220

$540

2-bedroom apartment monthly rent cost

16,000 RUB

25,000 RUB

66,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$180

$270

$720

3-bedroom apartment monthly rent cost

20,000 RUB

33,000 RUB

89,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$220

$360

$980

Furnished apartment monthly rent cost

39,000 RUB

98,000 RUB

200,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$430

$1,100

$2,200

Townhouse monthly rent cost

33,000 RUB

49,000 RUB

140,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$360

$540

$1,500

House monthly rent cost

39,000 RUB

98,000 RUB

200,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$430

$1,100

$2,200

Villa monthly rent cost

49,000 RUB

120,000 RUB

200,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$540

$1,400

$2,200

The monthly rental cost of a studio apartment in Krasnodar ranges between 8,200 RUB and 33,000 RUB, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 12,000 RUB to 49,000 RUB. Two-bedroom rentals rate ranges between 16,000 RUB and 66,000 RUB per month. The monthly rental for a three-bedroom apartment ranges from 20,000 RUB to 89,000 RUB. The average rent of a townhouse in Krasnodar is around 49,000 RUB while house rental costs can be as high as 98,000 RUB per month. Finally, if you want to rent a villa, expect to pay anywhere from 49,000 RUB to 200,000 RUB per month.

Apartment and house prices in Krasnodar

Cost of buying a property

Studio apartment price

1.6M RUB

2.5M RUB

4.9M RUB

MINIMUM

AVERAGE

MAXIMUM

$18,000

$27,000

$54,000

1-bedroom apartment price

2M RUB

3.3M RUB

12M RUB

MINIMUM

AVERAGE

MAXIMUM

$22,000

$36,000

$140,000

2-bedroom apartment price

3.3M RUB

9.8M RUB

20M RUB

MINIMUM

AVERAGE

MAXIMUM

$36,000

$110,000

$220,000

3-bedroom apartment price

11M RUB

16M RUB

49M RUB

MINIMUM

AVERAGE

MAXIMUM

$120,000

$180,000

$540,000

Townhouse price

14M RUB

33M RUB

120M RUB

MINIMUM

AVERAGE

MAXIMUM

$150,000

$360,000

$1.4M

House price

16M RUB

98M RUB

140M RUB

MINIMUM

AVERAGE

MAXIMUM

$180,000

$1.1M

$1.5M

Villa price

20M RUB

110M RUB

160M RUB

MINIMUM

AVERAGE

MAXIMUM

$220,000

$1.2M

$1.8M

The average price of a studio apartment in Krasnodar can range from 1.6M RUB to 4.9M RUB depending on location. One bedroom cost can be anywhere from 2M RUB to 12M RUB. A villa can cost you 110M RUB on average with prices ranging from 20M RUB to 160M RUB.

House / apartment prices to income ratio

Property prices in Krasnodar can be x108 to x197 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x108 multiples of the average monthly salary in Krasnodar.

Rent to income ratio

The average rent-to-income ratio in Krasnodar is around 29%. This means that people pay 29% of their income for rent. Those figures can range from 20% to 39% depending on the salary, location, and type of property.

Housing affordability index

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

Property Taxes

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

Home Maintenance Costs

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

Urban vs. rural living costs

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

Monthly costs and expenses of energy and basic utilities in Krasnodar

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

Utility Bill Cost / Electricity + Water + Gas / Individual

560 RUB

4,000 RUB

26,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$6.1

$43

$290

Utility Bill Cost / Electricity + Water + Gas / Couple

1,500 RUB

4,900 RUB

32,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$16

$54

$350

Utility Bill Cost / Electricity + Water + Gas / Family

2,600 RUB

7,300 RUB

48,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$28

$81

$520

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

The average monthly expenditure for individuals on electricty, water, and gas in Krasnodar ranges between 560 RUB and 26,000 RUB with average being 4,000 RUB, meanwhile the expenditure of couples is slightly higher at 4,900 RUB with 1,500 RUB and 32,000 RUB being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 7,300 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

The average utility-to-income ratio in Krasnodar is around 4.7%. This means that people pay 4.7% of their income for energy, water, internet, and mobile charges. Those figures can range from 1.9% to 8.5% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Krasnodar

Prices and cost of goods and services in Krasnodar

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 Krasnodar 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

330 RUB

500 RUB

1,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$3.7

$5.5

$11

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 330 RUB and 1,000 RUB with 500 RUB being the average price of a plate for one person at a regular restaurant in Krasnodar.

Fine dining meal for one price

670 RUB

1,000 RUB

4,000 RUB

MINIMUM

AVERAGE

MAXIMUM

$7.4

$11

$44

The price range of a meal at fine-dining restaurant is 670 RUB to 4,000 RUB with the average cost being 1,000 RUB for one person. This is what you would expect to pay a top-tier diner in Krasnodar.

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 Krasnodar 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 Krasnodar 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 Krasnodar 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 Krasnodar 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

The average grocery-to-income ratio in Krasnodar is around 25%. This means that people spend 25% of their income on grocery and basic household items. The expenditure can range from 17% to 30% depending on salary and location.

Expenditure on food and grocery for every population group

A single person living alone spends approximately 11,000 RUB per month on grocery and food with expenditure fluctuating between 1,500 RUB and 70,000 RUB depending on location and the type of person. The average cost of food and groceries for a couple is around 15,000 RUB per month. That number can be get as low as 5,100 RUB or a high as 82,000 RUB. Families' spending on grocery ranges from 9,200 RUB to 170,000 RUB with the location, income, and size of the family being the most determinite factors.

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

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

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

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