Cost Of Living in Krasnoyarsk 2024

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

Whether you're living in Krasnoyarsk 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

100,000 RUB

per month
$1,100

7,800 RUB   $86
$11,000   1M RUB

Single

70,000 RUB

per month
$770

23,000 RUB   $260
$5,100   470,000 RUB

Couple

120,000 RUB

per month
$1,300

39,000 RUB   $430
$6,900   620,000 RUB

Family

160,000 RUB

per month
$1,700

54,000 RUB   $600
$9,400   860,000 RUB

Student

47,000 RUB

per month
$520

19,000 RUB   $210
$930   85,000 RUB
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Krasnoyarsk is 70,000 RUB. Expenses can range from 23,000 RUB at the minimum level to 470,000 RUB at the highest end.


Couples

The average monthly spending of couples in Krasnoyarsk is 120,000 RUB. Expenditure can range from 39,000 RUB to 620,000 RUB per month.


Families

The average cost of living for families in Krasnoyarsk is 160,000 RUB per month. Families spend anywhere from 54,000 RUB to 860,000 RUB.


Students

The average monthly expenditure for students in Krasnoyarsk is 47,000 RUB. Students spend from 19,000 RUB to 85,000 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 Krasnoyarsk


Dining, food, and beverages costs


Large bottle of water
12 RUB 14 RUB 16 RUB
MINIMUM AVERAGE MAXIMUM
$0.14 $0.15 $0.18
Fast food combo meal
100 RUB 210 RUB 350 RUB
MINIMUM AVERAGE MAXIMUM
$1.2 $2.3 $3.8
Restaurant meal for one
350 RUB 520 RUB 1,000 RUB
MINIMUM AVERAGE MAXIMUM
$3.8 $5.8 $12
Fine dining meal for one
700 RUB 1,000 RUB 4,200 RUB
MINIMUM AVERAGE MAXIMUM
$7.7 $12 $46
Soda or Soft Drink
15 RUB 17 RUB 21 RUB
MINIMUM AVERAGE MAXIMUM
$0.16 $0.19 $0.23
Cappuccino or latte
87 RUB 140 RUB 210 RUB
MINIMUM AVERAGE MAXIMUM
$0.96 $1.5 $2.3

Grocery and market costs


Milk large bottle
70 RUB 84 RUB 100 RUB
MINIMUM AVERAGE MAXIMUM
$0.77 $0.92 $1.2
Loaf of bread
13 RUB 14 RUB 17 RUB
MINIMUM AVERAGE MAXIMUM
$0.14 $0.16 $0.18
12 eggs
52 RUB 70 RUB 100 RUB
MINIMUM AVERAGE MAXIMUM
$0.58 $0.77 $1.2
Fresh whole chicken
120 RUB 150 RUB 220 RUB
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $2.4
Beef 1 kg or 1 lb
140 RUB 210 RUB 420 RUB
MINIMUM AVERAGE MAXIMUM
$1.5 $2.3 $4.6
Rice 1 kg or 1 lb
56 RUB 77 RUB 110 RUB
MINIMUM AVERAGE MAXIMUM
$0.62 $0.85 $1.2
Tomato 1 kg or 1 lb
21 RUB 28 RUB 52 RUB
MINIMUM AVERAGE MAXIMUM
$0.23 $0.31 $0.58
Apples 1 kg or 1 lb
37 RUB 49 RUB 80 RUB
MINIMUM AVERAGE MAXIMUM
$0.41 $0.54 $0.89

Commute, travel, and transportation costs


20 minutes taxi ride
87 RUB 100 RUB 210 RUB
MINIMUM AVERAGE MAXIMUM
$0.96 $1.2 $2.3
Average car full tank
520 RUB 700 RUB 1,400 RUB
MINIMUM AVERAGE MAXIMUM
$5.8 $7.7 $15
Average car 1-day rental
520 RUB 700 RUB 1,000 RUB
MINIMUM AVERAGE MAXIMUM
$5.8 $7.7 $12
Average car price
260,000 RUB 520,000 RUB 700,000 RUB
MINIMUM AVERAGE MAXIMUM
$2,900 $5,800 $7,700
Bus ticket one way
17 RUB 26 RUB 52 RUB
MINIMUM AVERAGE MAXIMUM
$0.19 $0.29 $0.58
Car Service
700 RUB 1,000 RUB 2,100 RUB
MINIMUM AVERAGE MAXIMUM
$7.7 $12 $23

Utility cost (monthly)


Utility Bill - Individual
1,400 RUB 4,200 RUB 28,000 RUB
MINIMUM AVERAGE MAXIMUM
$15 $46 $310
Utility Bill - Couple
1,900 RUB 5,800 RUB 31,000 RUB
MINIMUM AVERAGE MAXIMUM
$21 $64 $340
Utility Bill - Family
1,600 RUB 4,700 RUB 26,000 RUB
MINIMUM AVERAGE MAXIMUM
$18 $51 $280
Internet and cable
520 RUB 1,000 RUB 1,400 RUB
MINIMUM AVERAGE MAXIMUM
$5.8 $12 $15
Mobile phone charges
420 RUB 700 RUB 2,100 RUB
MINIMUM AVERAGE MAXIMUM
$4.6 $7.7 $23

Leisure and activities costs


Movie ticket
260 RUB 350 RUB 520 RUB
MINIMUM AVERAGE MAXIMUM
$2.9 $3.8 $5.8
One month gym membership
840 RUB 1,000 RUB 2,100 RUB
MINIMUM AVERAGE MAXIMUM
$9.2 $12 $23

Cloths and accessories costs


Pair of jeans or pants
620 RUB 870 RUB 1,300 RUB
MINIMUM AVERAGE MAXIMUM
$6.8 $9.6 $14
Woman dress
580 RUB 800 RUB 2,600 RUB
MINIMUM AVERAGE MAXIMUM
$6.4 $8.9 $29
Woman shoes
550 RUB 750 RUB 1,700 RUB
MINIMUM AVERAGE MAXIMUM
$6.1 $8.2 $19
Men's shoes
480 RUB 580 RUB 1,200 RUB
MINIMUM AVERAGE MAXIMUM
$5.2 $6.4 $13
Men suit
520 RUB 650 RUB 3,500 RUB
MINIMUM AVERAGE MAXIMUM
$5.8 $7.2 $38
Regular t-shirt
260 RUB 350 RUB 1,000 RUB
MINIMUM AVERAGE MAXIMUM
$2.9 $3.8 $12

Housing costs / monthly rent


Studio apartment
8,700 RUB 13,000 RUB 35,000 RUB
MINIMUM AVERAGE MAXIMUM
$96 $140 $380
1-bedroom apartment
13,000 RUB 21,000 RUB 52,000 RUB
MINIMUM AVERAGE MAXIMUM
$140 $230 $580
2-bedroom apartment
17,000 RUB 26,000 RUB 70,000 RUB
MINIMUM AVERAGE MAXIMUM
$190 $290 $770

Housing costs / Buying


Studio apartment
1.7M RUB 2.6M RUB 5.2M RUB
MINIMUM AVERAGE MAXIMUM
$19,000 $29,000 $58,000
1-bedroom apartment
2.1M RUB 3.5M RUB 13M RUB
MINIMUM AVERAGE MAXIMUM
$23,000 $38,000 $140,000
2-bedroom apartment
3.5M RUB 10M RUB 21M RUB
MINIMUM AVERAGE MAXIMUM
$38,000 $120,000 $230,000

Furniture Costs


King Size Bed
10,000 RUB 13,000 RUB 17,000 RUB
MINIMUM AVERAGE MAXIMUM
$120 $140 $190
Double Bed
7,000 RUB 10,000 RUB 13,000 RUB
MINIMUM AVERAGE MAXIMUM
$77 $120 $140
Single Bed
6,200 RUB 8,000 RUB 10,000 RUB
MINIMUM AVERAGE MAXIMUM
$68 $89 $120
Living Room
12,000 RUB 15,000 RUB 52,000 RUB
MINIMUM AVERAGE MAXIMUM
$130 $160 $580
Dining Table
5,200 RUB 7,000 RUB 13,000 RUB
MINIMUM AVERAGE MAXIMUM
$58 $77 $140
Sofa or Couch
7,000 RUB 9,500 RUB 21,000 RUB
MINIMUM AVERAGE MAXIMUM
$77 $100 $230

Electronics and House Appliance Costs


TV Set
7,000 RUB 10,000 RUB 21,000 RUB
MINIMUM AVERAGE MAXIMUM
$77 $120 $230
Fridge or Freezer
6,200 RUB 9,500 RUB 13,000 RUB
MINIMUM AVERAGE MAXIMUM
$68 $100 $140
Washing Machine
8,000 RUB 12,000 RUB 21,000 RUB
MINIMUM AVERAGE MAXIMUM
$89 $130 $230
Stove or Cooker
7,500 RUB 9,500 RUB 13,000 RUB
MINIMUM AVERAGE MAXIMUM
$82 $100 $140
Mobile Phone
8,700 RUB 10,000 RUB 15,000 RUB
MINIMUM AVERAGE MAXIMUM
$96 $120 $160
Laptop or Computer
9,500 RUB 12,000 RUB 21,000 RUB
MINIMUM AVERAGE MAXIMUM
$100 $130 $230

Expenditure to Income Ratio in Krasnoyarsk

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


Spending to Income Ratio

84%

76% to 94%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%5%
50% - 60%10%
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 Krasnoyarsk is 84% This means that on average, people spend around 84% 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
76%
Spending-Income-Ratio
69%
84%

Couple
80%
Spending-Income-Ratio
73%
89%

Family
89%
Spending-Income-Ratio
80%
98%

How do people spend their money in Krasnoyarsk?

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$26   2,300 RUB
AVERAGE$330   30,000 RUB
HIGH$3,300   300,000 RUB
Per Month

People living in Krasnoyarsk typically spend from 13% to 32% of their total monthly expenditure on housing with 24% being the average. The average spend on housing is 30,000 RUB with expenditure ranging from 2,300 RUB to 300,000 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, Water7%

7% of total expenses on average (4% to 11%)

LOW$4.3   390 RUB
AVERAGE$56   5,100 RUB
HIGH$560   51,000 RUB
Per Month

Utility expenditure like electricity, water, and gas in Krasnoyarsk ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 5,100 RUB with 390 RUB and 51,000 RUB being the upper and lower limits.

Transport, Fuel, Commute7%

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

LOW$8.6   780 RUB
AVERAGE$110   10,000 RUB
HIGH$1,100   100,000 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 780 RUB to 100,000 RUB on commuting with 10,000 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$21   1,900 RUB
AVERAGE$280   25,000 RUB
HIGH$2,800   250,000 RUB
Per Month

The average outlay on groceries in a month in Krasnoyarsk is 25,000 RUB. The cost of groceries can range between 1,900 RUB to 250,000 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   540 RUB
AVERAGE$78   7,100 RUB
HIGH$780   71,000 RUB
Per Month

People in Krasnoyarsk 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 540 RUB to 71,000 RUB with 7,100 RUB being the norm.

Leisure and Shopping5%

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

LOW$3.4   310 RUB
AVERAGE$45   4,000 RUB
HIGH$450   40,000 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 310 RUB to 40,000 RUB with 4,000 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$5.1   470 RUB
AVERAGE$67   6,100 RUB
HIGH$670   61,000 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 6,100 RUB per month with 470 RUB being the minimum spent amount and 61,000 RUB being the maximum.

Other Expenses13%

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

LOW$11   1,000 RUB
AVERAGE$140   13,000 RUB
HIGH$1,400   130,000 RUB
Per Month

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


Saving Money
60%
Not Saving
40%

Almost 60% of the surveyed people in Krasnoyarsk said that they can save some money at the end of each month while 40% said that aren't saving anything.


Percentage of people saving money by population group in Krasnoyarsk

GroupSaversNon Savers
Singles64%36%
Couples59%41%
Families54%46%

Savings-to-Income Ratio

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


Saving to Income Ratio

12% 20% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

2,700 RUB
$30
35,000 RUB
$380
350,000 RUB
$3,800
MINIMUM AVERAGE MAXIMUM

For most people, 12% to 32% of their monthly income is what they can allocate to their savings, with 20% being the average. The amount of money that people can save is approximately 35,000 RUB on average with savings ranging from 2,700 RUB to 350,000 RUB.

64% of surveyed singles reported some of their income going to savings while 59% of couples said the same. 54% of families confirmed their ability to save money.


How much money do people actually save in Krasnoyarsk?

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

15% 24% of income 34%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

8,000 RUB
$89
24,000 RUB
$270
160,000 RUB
$1,800
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%31%
10% - 20%24%
20% - 30%16%
30% - 40%14%
40% - 50%11%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 15% to 34% of their monthly income to savings, with 24% being the average for most singles. The average amount of money that singles are able to save is 24,000 RUB with 8,000 RUB and 160,000 RUB being the minimum and maximum respectively.


Couples

Saving to Income Ratio

13% 22% of income 33%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

13,000 RUB
$150
40,000 RUB
$440
210,000 RUB
$2,400
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%35%
10% - 20%26%
20% - 30%19%
30% - 40%9%
40% - 50%8%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 13% to 33% of their monthly income, with 22% being the average for most couples. The average amount of money that couples can save is 40,000 RUB with 13,000 RUB and 210,000 RUB being the minimum and maximum respectively.


Families

Saving to Income Ratio

11% 19% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

19,000 RUB
$210
54,000 RUB
$590
300,000 RUB
$3,200
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%38%
10% - 20%29%
20% - 30%20%
30% - 40%6%
40% - 50%5%
> 50%2%

Interpretation and Analysis

Families in Krasnoyarsk can save anywhere between 11% to 29% of their monthly income, with 19% being the average for most families. The average amount of money that families can put aside is 54,000 RUB with 19,000 RUB and 300,000 RUB being the minimum and maximum respectively.

A typical and healthy budgeting structure

The 50/30/20 rule

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

  • 50% for needs and financial obligations

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

  • 30% for wants and discretionary spending

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

  • 20% for savings and emergency fund

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

About financial planning, money management, and household budgeting

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

Affordable living in Krasnoyarsk

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Krasnoyarsk?


Yes
61%
No
39%

Around 61% of surveyed residents think that living in Krasnoyarsk is affordable with proper budgeting while 39% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Krasnoyarsk

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 Krasnoyarsk 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 Krasnoyarsk whether they have an emergency fund and the answers were as follows.

Yes59%

No41%


Based on the survey, 41% of the people living in Krasnoyarsk said that they don't have an emergency fund while 59% 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 asked the 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 Krasnoyarsk

In an attempt to understand the economic situation in Krasnoyarsk, 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 Savings9%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle8%
Healthcare Expenses12%
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. 9% 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 12% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Saving Challenges in Krasnoyarsk

Reasons that make it difficult for people to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans15%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation12%
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. 15% 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. 12% 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 societal expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Typical saving choices for people in Krasnoyarsk

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings19%
Real Estate9%
Investment5%
Stocks5%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%

Retirement, pension plans, and life after work in Krasnoyarsk

What does the retirement lifestyle look like in Krasnoyarsk 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 Krasnoyarsk:
AgeAmount
25270,000 RUB
30540,000 RUB
35950,000 RUB
401.4M RUB
452M RUB
502.9M RUB
553.4M RUB
604.2M RUB
655M RUB

Retirement Income Distribution

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

Source% People
Pensions12%
Savings23%
Investments12%
Social Security7%
Annuities7%
Part-time Job13%
Real Estate18%
Dividends and Interest7%

Retirement Monthly Expenses in Krasnoyarsk

17,000 RUB
$190
51,000 RUB
$560
340,000 RUB
$3,800
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Krasnoyarsk


Percentage of people who are in debt


In Debt
28%
Debt Free
72%

According to the survey, 28% of the people in Krasnoyarsk have some kind of debt, loan, mortgage, or credit card payments while 72% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Krasnoyarsk

Debt to income ratio

29%

20% to 38%

( 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 29% of the people's monthly income in Krasnoyarsk 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%12%
10% - 20%14%
0% - 10%26%

According to our data, 3% of the debtors in Krasnoyarsk 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 12% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Krasnoyarsk

Debt% People
Real Estate Mortgage10%
Auto Loan17%
Student Loan4%
Credit Card28%
Personal Loan41%

10% of debtors in Krasnoyarsk confirm that real estate mortgages constitutes the main part of their outstanding debt while 28% 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 Krasnoyarsk.


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 Krasnoyarsk

Besides measuring the loan-to-income ratio, we asked residents of Krasnoyarsk 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
Never52%
Once a year23%
Twice a year12%
Three times a year9%
Four times a year4%

Housing costs, accommodation, and housing affordability in Krasnoyarsk

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


Rent Cost in Krasnoyarsk

Monthly Rent Prices

Studio apartment
8,700 RUB 13,000 RUB 35,000 RUB
MINIMUM AVERAGE MAXIMUM
$96 $140 $380
1-bedroom apartment
13,000 RUB 21,000 RUB 52,000 RUB
MINIMUM AVERAGE MAXIMUM
$140 $230 $580
2-bedroom apartment
17,000 RUB 26,000 RUB 70,000 RUB
MINIMUM AVERAGE MAXIMUM
$190 $290 $770
3-bedroom apartment
21,000 RUB 35,000 RUB 95,000 RUB
MINIMUM AVERAGE MAXIMUM
$230 $380 $1,000
Furnished apartment
42,000 RUB 100,000 RUB 210,000 RUB
MINIMUM AVERAGE MAXIMUM
$460 $1,200 $2,300
Townhouse
35,000 RUB 52,000 RUB 150,000 RUB
MINIMUM AVERAGE MAXIMUM
$380 $580 $1,600
House
42,000 RUB 100,000 RUB 210,000 RUB
MINIMUM AVERAGE MAXIMUM
$460 $1,200 $2,300
Villa
52,000 RUB 130,000 RUB 210,000 RUB
MINIMUM AVERAGE MAXIMUM
$580 $1,400 $2,300

The monthly rental cost of a studio apartment in Krasnoyarsk ranges between 8,700 RUB and 35,000 RUB, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 13,000 RUB to 52,000 RUB. Two-bedroom rentals rate ranges between 17,000 RUB and 70,000 RUB per month. The monthly rental for a three-bedroom apartment ranges from 21,000 RUB to 95,000 RUB. The average rent of a townhouse in Krasnoyarsk is around 52,000 RUB while house rental costs can be as high as 100,000 RUB per month. Finally, if you want to rent a villa, expect to pay anywhere from 52,000 RUB to 210,000 RUB per month.



Apartment and house prices in Krasnoyarsk

Cost of buying a property

Studio apartment
1.7M RUB 2.6M RUB 5.2M RUB
MINIMUM AVERAGE MAXIMUM
$19,000 $29,000 $58,000
1-bedroom apartment
2.1M RUB 3.5M RUB 13M RUB
MINIMUM AVERAGE MAXIMUM
$23,000 $38,000 $140,000
2-bedroom apartment
3.5M RUB 10M RUB 21M RUB
MINIMUM AVERAGE MAXIMUM
$38,000 $120,000 $230,000
3-bedroom apartment
12M RUB 17M RUB 52M RUB
MINIMUM AVERAGE MAXIMUM
$130,000 $190,000 $580,000
Townhouse
15M RUB 35M RUB 130M RUB
MINIMUM AVERAGE MAXIMUM
$160,000 $380,000 $1.4M
House
17M RUB 100M RUB 150M RUB
MINIMUM AVERAGE MAXIMUM
$190,000 $1.2M $1.6M
Villa
21M RUB 120M RUB 170M RUB
MINIMUM AVERAGE MAXIMUM
$230,000 $1.3M $1.9M

The average price of a studio apartment in Krasnoyarsk can range from 1.7M RUB to 5.2M RUB depending on location. One bedroom cost can be anywhere from 2.1M RUB to 13M RUB. A villa can cost you 120M RUB on average with prices ranging from 21M RUB to 170M RUB.


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


39 x115 monthly income 209
MINIMUM AVERAGE MAXIMUM

Property prices in Krasnoyarsk can be x115 to x209 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x115 multiples of the average monthly salary in Krasnoyarsk.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


21% 31% of income 41%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Krasnoyarsk is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 21% 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
29%

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
4.1%

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.


160 RUB 2,000 RUB 20,000 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.


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

Housing30%

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

LOW$93   8,400 RUB
AVERAGE$280   25,000 RUB
HIGH$1,900   170,000 RUB
Per Month

Utilities, Electricity, Water8%

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

LOW$15   1,400 RUB
AVERAGE$46   4,200 RUB
HIGH$310   28,000 RUB
Per Month

Transport, Fuel5%

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

LOW$21   1,900 RUB
AVERAGE$62   5,600 RUB
HIGH$410   37,000 RUB
Per Month

Food and Groceries19%

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

LOW$41   3,700 RUB
AVERAGE$120   11,000 RUB
HIGH$820   75,000 RUB
Per Month

Healthcare12%

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

LOW$23   2,100 RUB
AVERAGE$69   6,300 RUB
HIGH$460   42,000 RUB
Per Month

Leisure, Shopping3%

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

LOW$13   1,200 RUB
AVERAGE$39   3,500 RUB
HIGH$260   23,000 RUB
Per Month

Education1%

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

LOW$5.1   470 RUB
AVERAGE$15   1,400 RUB
HIGH$100   9,300 RUB
Per Month

Other Expenses21%

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

LOW$46   4,200 RUB
AVERAGE$140   13,000 RUB
HIGH$930   84,000 RUB
Per Month


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

Housing27%

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

LOW$140   13,000 RUB
AVERAGE$420   39,000 RUB
HIGH$2,300   210,000 RUB
Per Month

Utilities, Electricity, Water7%

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

LOW$21   1,900 RUB
AVERAGE$64   5,800 RUB
HIGH$340   31,000 RUB
Per Month

Transport, Fuel9%

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

LOW$51   4,700 RUB
AVERAGE$150   14,000 RUB
HIGH$820   75,000 RUB
Per Month

Food and Groceries17%

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

LOW$60   5,400 RUB
AVERAGE$180   16,000 RUB
HIGH$960   87,000 RUB
Per Month

Healthcare14%

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

LOW$47   4,300 RUB
AVERAGE$140   13,000 RUB
HIGH$750   68,000 RUB
Per Month

Leisure, Shopping4%

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

LOW$26   2,300 RUB
AVERAGE$77   7,000 RUB
HIGH$410   37,000 RUB
Per Month

Education1%

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

LOW$8.6   780 RUB
AVERAGE$26   2,300 RUB
HIGH$140   12,000 RUB
Per Month

Other Expenses20%

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

LOW$73   6,600 RUB
AVERAGE$220   20,000 RUB
HIGH$1,200   110,000 RUB
Per Month


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

Housing26%

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

LOW$190   17,000 RUB
AVERAGE$550   50,000 RUB
HIGH$3,000   270,000 RUB
Per Month

Transport, Fuel5%

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

LOW$48   4,400 RUB
AVERAGE$140   12,000 RUB
HIGH$750   68,000 RUB
Per Month

Food and Groceries21%

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

LOW$110   9,800 RUB
AVERAGE$310   28,000 RUB
HIGH$1,700   150,000 RUB
Per Month

Healthcare11%

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

LOW$48   4,400 RUB
AVERAGE$140   12,000 RUB
HIGH$750   68,000 RUB
Per Month

Leisure, Shopping3%

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

LOW$30   2,700 RUB
AVERAGE$86   7,800 RUB
HIGH$470   43,000 RUB
Per Month

Education13%

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

LOW$84   7,600 RUB
AVERAGE$240   22,000 RUB
HIGH$1,300   120,000 RUB
Per Month

Other Expenses15%

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

LOW$72   6,500 RUB
AVERAGE$210   19,000 RUB
HIGH$1,100   100,000 RUB
Per Month


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

Housing18%

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

LOW$50   4,500 RUB
AVERAGE$120   11,000 RUB
HIGH$220   20,000 RUB
Per Month

Utilities, Electricity, Water6%

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

LOW$8.3   750 RUB
AVERAGE$21   1,900 RUB
HIGH$37   3,400 RUB
Per Month

Transport, Fuel4%

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

LOW$15   1,300 RUB
AVERAGE$36   3,300 RUB
HIGH$65   5,900 RUB
Per Month

Food and Groceries23%

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

LOW$41   3,800 RUB
AVERAGE$100   9,400 RUB
HIGH$190   17,000 RUB
Per Month

Healthcare9%

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

LOW$12   1,100 RUB
AVERAGE$31   2,800 RUB
HIGH$56   5,100 RUB
Per Month

Leisure, Shopping3%

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

LOW$10   940 RUB
AVERAGE$26   2,400 RUB
HIGH$47   4,200 RUB
Per Month

Education18%

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

LOW$39   3,600 RUB
AVERAGE$99   8,900 RUB
HIGH$180   16,000 RUB
Per Month

Other Expenses18%

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

LOW$31   2,800 RUB
AVERAGE$78   7,100 RUB
HIGH$140   13,000 RUB
Per Month
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