Cost Of Living in Lviv 2025

cost of living chart - average monthly expenditure in Lviv

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

Whether you're living in Lviv 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: UAH
3,700 48,000 480,000
MINIMUM AVERAGE MAXIMUM
$96 $1,300 $13,000

Monthly Expenditure ▶ Single

Currency: UAH
4,700 33,000 220,000
MINIMUM AVERAGE MAXIMUM
$120 $870 $5,800

Monthly Expenditure ▶ Couple

Currency: UAH
18,000 55,000 300,000
MINIMUM AVERAGE MAXIMUM
$480 $1,400 $7,700

Monthly Expenditure ▶ Family

Currency: UAH
26,000 74,000 480,000
MINIMUM AVERAGE MAXIMUM
$670 $1,900 $13,000

Monthly Expenditure ▶ Student

Currency: UAH
3,700 25,000 160,000
MINIMUM AVERAGE MAXIMUM
$96 $640 $4,300
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Lviv is 33,000 UAH. Expenses can range from 4,700 UAH at the minimum level to 220,000 UAH at the highest end.


Couples

The average monthly spending of couples in Lviv is 55,000 UAH. Expenditure can range from 18,000 UAH to 300,000 UAH per month.


Families

The average cost of living for families in Lviv is 74,000 UAH per month. Families spend anywhere from 26,000 UAH to 480,000 UAH.


Students

The average monthly expenditure for students in Lviv is 25,000 UAH. Students spend from 3,700 UAH to 160,000 UAH 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 Lviv


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

Dining, food, and beverages costs


Fast food combo meal

47 UAH 93 UAH 160 UAH
MINIMUM AVERAGE MAXIMUM
$1.2 $2.4 $4

Restaurant meal for one

160 UAH 240 UAH 470 UAH
MINIMUM AVERAGE MAXIMUM
$4.1 $6.2 $12

Fine dining meal for one

320 UAH 470 UAH 1,900 UAH
MINIMUM AVERAGE MAXIMUM
$8.2 $12 $49

Cappuccino or latte

39 UAH 62 UAH 93 UAH
MINIMUM AVERAGE MAXIMUM
$1 $1.6 $2.4

Grocery and market costs


Milk large bottle

31 UAH 37 UAH 47 UAH
MINIMUM AVERAGE MAXIMUM
$0.81 $0.97 $1.2

12 eggs

23 UAH 31 UAH 47 UAH
MINIMUM AVERAGE MAXIMUM
$0.61 $0.81 $1.2

Fresh whole chicken

53 UAH 68 UAH 97 UAH
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $2.5

Pack of beef

62 UAH 93 UAH 190 UAH
MINIMUM AVERAGE MAXIMUM
$1.6 $2.4 $4.9

Medium bag of rice

25 UAH 34 UAH 49 UAH
MINIMUM AVERAGE MAXIMUM
$0.65 $0.89 $1.3

Bag of tomatos

9.3 UAH 12 UAH 23 UAH
MINIMUM AVERAGE MAXIMUM
$0.24 $0.32 $0.61

Bag of apples

17 UAH 22 UAH 36 UAH
MINIMUM AVERAGE MAXIMUM
$0.43 $0.57 $0.93
Chart showing the prices and cost of commute, travel, and transportation in Lviv

Commute, travel, and transportation costs


20 minutes taxi ride

40 UAH 47 UAH 95 UAH
MINIMUM AVERAGE MAXIMUM
$1 $1.2 $2.5

Average car full tank

230 UAH 310 UAH 620 UAH
MINIMUM AVERAGE MAXIMUM
$6.1 $8.1 $16

Average car 1-day rental

240 UAH 320 UAH 480 UAH
MINIMUM AVERAGE MAXIMUM
$6.3 $8.4 $13

Average car price

120,000 UAH 230,000 UAH 310,000 UAH
MINIMUM AVERAGE MAXIMUM
$3,000 $6,100 $8,100

Bus ticket one way

8.1 UAH 12 UAH 24 UAH
MINIMUM AVERAGE MAXIMUM
$0.21 $0.31 $0.63

Car Service

320 UAH 480 UAH 970 UAH
MINIMUM AVERAGE MAXIMUM
$8.4 $13 $25
Chart showing the prices and cost of utility, energy, water, and gas for a family in Lviv

Utility cost (monthly)


Utility Bill - Individual

280 UAH 2,000 UAH 13,000 UAH
MINIMUM AVERAGE MAXIMUM
$7.3 $52 $350

Utility Bill - Couple

740 UAH 2,500 UAH 16,000 UAH
MINIMUM AVERAGE MAXIMUM
$19 $65 $420

Utility Bill - Family

1,300 UAH 3,700 UAH 24,000 UAH
MINIMUM AVERAGE MAXIMUM
$34 $96 $630

Internet and cable

230 UAH 470 UAH 620 UAH
MINIMUM AVERAGE MAXIMUM
$6.1 $12 $16

Mobile phone charges

190 UAH 310 UAH 930 UAH
MINIMUM AVERAGE MAXIMUM
$4.9 $8.1 $24

Leisure and activities costs


Movie ticket

120 UAH 160 UAH 230 UAH
MINIMUM AVERAGE MAXIMUM
$3 $4 $6.1

One month gym membership

390 UAH 480 UAH 970 UAH
MINIMUM AVERAGE MAXIMUM
$10 $13 $25
Chart showing the prices and cost of clothing and accessories in Lviv

Cloths and accessories costs


Pair of jeans or pants

280 UAH 400 UAH 600 UAH
MINIMUM AVERAGE MAXIMUM
$7.4 $10 $16

Woman dress

270 UAH 370 UAH 1,200 UAH
MINIMUM AVERAGE MAXIMUM
$7 $9.7 $31

Woman shoes

250 UAH 350 UAH 810 UAH
MINIMUM AVERAGE MAXIMUM
$6.6 $9 $21

Men's shoes

220 UAH 270 UAH 540 UAH
MINIMUM AVERAGE MAXIMUM
$5.7 $7 $14

Men suit

240 UAH 300 UAH 1,600 UAH
MINIMUM AVERAGE MAXIMUM
$6.3 $7.9 $42

Regular t-shirt

120 UAH 160 UAH 480 UAH
MINIMUM AVERAGE MAXIMUM
$3.1 $4.2 $13
Chart showing the prices and cost of housing, accommodation, and rent in Lviv

Housing costs / monthly rent


Studio apartment

4,000 UAH 6,000 UAH 16,000 UAH
MINIMUM AVERAGE MAXIMUM
$100 $160 $420

1-bedroom apartment

6,000 UAH 9,700 UAH 24,000 UAH
MINIMUM AVERAGE MAXIMUM
$160 $250 $630

2-bedroom apartment

8,100 UAH 12,000 UAH 32,000 UAH
MINIMUM AVERAGE MAXIMUM
$210 $310 $840

Housing costs / Buying


Studio apartment

810,000 UAH 1.2M UAH 2.4M UAH
MINIMUM AVERAGE MAXIMUM
$21,000 $31,000 $63,000

1-bedroom apartment

970,000 UAH 1.6M UAH 6M UAH
MINIMUM AVERAGE MAXIMUM
$25,000 $42,000 $160,000

2-bedroom apartment

1.6M UAH 4.8M UAH 9.7M UAH
MINIMUM AVERAGE MAXIMUM
$42,000 $130,000 $250,000
Chart showing the prices and cost of furniture in Lviv

Furniture Costs


King Size Bed

4,700 UAH 5,800 UAH 7,800 UAH
MINIMUM AVERAGE MAXIMUM
$120 $150 $200

Double Bed

3,100 UAH 4,700 UAH 5,800 UAH
MINIMUM AVERAGE MAXIMUM
$81 $120 $150

Single Bed

2,700 UAH 3,600 UAH 4,700 UAH
MINIMUM AVERAGE MAXIMUM
$71 $93 $120

Living Room

5,200 UAH 6,700 UAH 23,000 UAH
MINIMUM AVERAGE MAXIMUM
$130 $170 $610

Dining Table

2,300 UAH 3,100 UAH 5,800 UAH
MINIMUM AVERAGE MAXIMUM
$61 $81 $150

Sofa or Couch

3,100 UAH 4,200 UAH 9,300 UAH
MINIMUM AVERAGE MAXIMUM
$81 $110 $240
Chart showing the prices and cost of electronic devices and appliances in Lviv

Electronics and House Appliance Costs


TV Set

3,100 UAH 4,700 UAH 9,300 UAH
MINIMUM AVERAGE MAXIMUM
$81 $120 $240

Fridge or Freezer

2,700 UAH 4,200 UAH 5,800 UAH
MINIMUM AVERAGE MAXIMUM
$71 $110 $150

Washing Machine

3,600 UAH 5,200 UAH 9,300 UAH
MINIMUM AVERAGE MAXIMUM
$93 $130 $240

Stove or Cooker

3,300 UAH 4,200 UAH 5,800 UAH
MINIMUM AVERAGE MAXIMUM
$87 $110 $150

Mobile Phone

3,900 UAH 4,700 UAH 6,700 UAH
MINIMUM AVERAGE MAXIMUM
$100 $120 $170

Laptop or Computer

4,200 UAH 5,200 UAH 9,300 UAH
MINIMUM AVERAGE MAXIMUM
$110 $130 $240

Expenditure to Income Ratio in Lviv

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 Lviv

Spending to Income Ratio

94%

86% to 100%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%4%
50% - 60%9%
60% - 70%15%
70% - 80%25%
80% - 90%20%
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 Lviv 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
77%
92%

Couple
89%
Spending-Income-Ratio
82%
97%

Family
98%
Spending-Income-Ratio
90%
110%
Distribution of monthly cost of living expenses in Lviv

How do people spend their money in Lviv?

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$29   1,100 UAH
AVERAGE$380   14,000 UAH
HIGH$3,800   140,000 UAH
Per Month

People living in Lviv typically spend from 13% to 32% of their total monthly expenditure on housing with 24% being the average. The average spend on housing is 14,000 UAH with expenditure ranging from 1,100 UAH to 140,000 UAH. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile7%

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

LOW$4.8   180 UAH
AVERAGE$63   2,400 UAH
HIGH$630   24,000 UAH
Per Month

Utility expenditure like electricity, water, and gas in Lviv ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 2,400 UAH with 180 UAH and 24,000 UAH being the upper and lower limits.

Transport, Fuel, Commute7%

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

LOW$9.6   370 UAH
AVERAGE$130   4,800 UAH
HIGH$1,300   48,000 UAH
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 370 UAH to 48,000 UAH on commuting with 4,800 UAH 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$24   920 UAH
AVERAGE$310   12,000 UAH
HIGH$3,100   120,000 UAH
Per Month

The average outlay on groceries in a month in Lviv is 12,000 UAH. The cost of groceries can range between 920 UAH to 120,000 UAH. 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$6.7   260 UAH
AVERAGE$88   3,400 UAH
HIGH$880   34,000 UAH
Per Month

People in Lviv 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 260 UAH to 34,000 UAH with 3,400 UAH being the norm.

Leisure and Shopping5%

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

LOW$3.9   150 UAH
AVERAGE$50   1,900 UAH
HIGH$500   19,000 UAH
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 150 UAH to 19,000 UAH with 1,900 UAH 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$5.8   220 UAH
AVERAGE$75   2,900 UAH
HIGH$750   29,000 UAH
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 2,900 UAH per month with 220 UAH being the minimum spent amount and 29,000 UAH being the maximum.

Other Expenses14%

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

LOW$13   480 UAH
AVERAGE$160   6,200 UAH
HIGH$1,600   62,000 UAH
Per Month
Percentage of people who manage to save money from their income every month in Lviv

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


Saving Money
55%
Not Saving
45%

Almost 55% of the surveyed people in Lviv said that they can save some money at the end of each month while 45% said that aren't saving anything.


Percentage of people saving money by population group in Lviv

GroupSaversNon Savers
Singles63%37%
Couples58%42%
Families52%48%

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 Lviv

Saving to Income Ratio

8.6% 15% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,100 UAH
$30
15,000 UAH
$390
150,000 UAH
$3,900
MINIMUM AVERAGE MAXIMUM

For most people, 8.6% to 30% of their monthly income is what they can allocate to their savings, with 15% being the average. The amount of money that people can save is approximately 15,000 UAH on average with savings ranging from 1,100 UAH to 150,000 UAH.

63% of surveyed singles reported some of their income going to savings while 58% of couples said the same. 52% of families confirmed their ability to save money.


How much money do people actually save in Lviv?

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% 19% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,100 UAH
$30
10,000 UAH
$270
68,000 UAH
$1,800
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%32%
10% - 20%25%
20% - 30%16%
30% - 40%13%
40% - 50%10%
> 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 19% being the average for most singles. The average amount of money that singles are able to save is 10,000 UAH with 1,100 UAH and 68,000 UAH being the minimum and maximum respectively.


Couples

Saving to Income Ratio

9.7% 17% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

5,700 UAH
$150
17,000 UAH
$450
91,000 UAH
$2,400
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%36%
10% - 20%27%
20% - 30%19%
30% - 40%8%
40% - 50%7%
> 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 17% being the average for most couples. The average amount of money that couples can save is 17,000 UAH with 5,700 UAH and 91,000 UAH being the minimum and maximum respectively.


Families

Saving to Income Ratio

8.6% 15% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

8,000 UAH
$210
23,000 UAH
$590
150,000 UAH
$3,900
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%39%
10% - 20%30%
20% - 30%20%
30% - 40%5%
40% - 50%4%
> 50%2%

Interpretation and Analysis

Families in Lviv can save anywhere between 8.6% to 28% of their monthly income, with 15% being the average for most families. The average amount of money that families can put aside is 23,000 UAH with 8,000 UAH and 150,000 UAH being the minimum and maximum respectively.

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

Saving Challenges in Lviv

Reasons that make it difficult for people to save money

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


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

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

Where do people choose to put their savings in Lviv

Typical saving choices for people in Lviv

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold13%
Savings Accounts17%
Retirement Accounts10%
Cash Savings20%
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 Lviv

Affordable living in Lviv

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Lviv?


Yes
53%
No
47%

Around 53% of surveyed residents think that living in Lviv is affordable with proper budgeting while 47% 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 Lviv

Low-cost alternatives in Lviv

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 options57%

Few low-cost options43%


Based on the survey, 57% of the people living in Lviv have no problem finding low-cost alternatives to support a frugal lifestyle while 43% 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 Lviv whether they have an emergency fund and the answers were as follows.

Yes48%

No52%


Based on the survey, 52% of the people living in Lviv said that they don't have an emergency fund while 48% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Lviv

Financial Literacy in Ukraine

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 Leteracy44%


We asked residents of Ukraine whether they acquired any adequate personal financial training in their lives. Approximately 56% 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 44% 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 Ukraine have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 57% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 43% said that they have everything under control.

Struggles with finance57%

Easily manages finances43%

Financial goals and targets of people living in Lviv

Financial goals of people in Lviv

In an attempt to understand the economic situation in Lviv, 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 Reduction41%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle7%
Healthcare Expenses13%
Financial Independence5%

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 Lviv

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

Retirement age

The retirement age for most employees in Ukraine 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 Lviv:
AgeAmount
25130,000 UAH
30250,000 UAH
35440,000 UAH
40630,000 UAH
45940,000 UAH
501.3M UAH
551.6M UAH
601.9M UAH
652.3M UAH

Retirement Income Distribution

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

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

Retirement Monthly Expenses in Lviv

2,700 UAH
$71
25,000 UAH
$640
160,000 UAH
$4,300
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Lviv

Debt, loans, and mortgages in Lviv


Percentage of people who are in debt


In Debt
37%
Debt Free
63%

According to the survey, 37% of the people in Lviv have some kind of debt, loan, mortgage, or credit card payments while 63% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Lviv

Debt-to-income ratio in Lviv

Debt to income ratio

34%

26% to 43%

( 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 Lviv goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%17%
40% - 50%14%
30% - 40%16%
20% - 30%11%
10% - 20%13%
0% - 10%26%

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

Debt% People
Real Estate Mortgage9%
Auto Loan16%
Student Loan4%
Credit Card29%
Personal Loan42%

9% of debtors in Lviv 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 Lviv.


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 Lviv

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

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

Frequency% People
Never51%
Once a year24%
Twice a year12%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Lviv

Housing costs, accommodation, and housing affordability in Lviv

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


Rent Cost in Lviv

Monthly Rent Prices

Studio apartment monthly rent cost

4,000 UAH 6,000 UAH 16,000 UAH
MINIMUM AVERAGE MAXIMUM
$100 $160 $420

1-bedroom apartment monthly rent cost

6,000 UAH 9,700 UAH 24,000 UAH
MINIMUM AVERAGE MAXIMUM
$160 $250 $630

2-bedroom apartment monthly rent cost

8,100 UAH 12,000 UAH 32,000 UAH
MINIMUM AVERAGE MAXIMUM
$210 $310 $840

3-bedroom apartment monthly rent cost

9,700 UAH 16,000 UAH 44,000 UAH
MINIMUM AVERAGE MAXIMUM
$250 $420 $1,100

Furnished apartment monthly rent cost

19,000 UAH 48,000 UAH 97,000 UAH
MINIMUM AVERAGE MAXIMUM
$500 $1,300 $2,500

Townhouse monthly rent cost

16,000 UAH 24,000 UAH 69,000 UAH
MINIMUM AVERAGE MAXIMUM
$420 $630 $1,800

House monthly rent cost

19,000 UAH 48,000 UAH 97,000 UAH
MINIMUM AVERAGE MAXIMUM
$500 $1,300 $2,500

Villa monthly rent cost

24,000 UAH 60,000 UAH 97,000 UAH
MINIMUM AVERAGE MAXIMUM
$630 $1,600 $2,500

The monthly rental cost of a studio apartment in Lviv ranges between 4,000 UAH and 16,000 UAH, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 6,000 UAH to 24,000 UAH. Two-bedroom rentals rate ranges between 8,100 UAH and 32,000 UAH per month. The monthly rental for a three-bedroom apartment ranges from 9,700 UAH to 44,000 UAH. The average rent of a townhouse in Lviv is around 24,000 UAH while house rental costs can be as high as 48,000 UAH per month. Finally, if you want to rent a villa, expect to pay anywhere from 24,000 UAH to 97,000 UAH per month.



Apartment and house prices in Lviv

Cost of buying a property

Studio apartment price

810,000 UAH 1.2M UAH 2.4M UAH
MINIMUM AVERAGE MAXIMUM
$21,000 $31,000 $63,000

1-bedroom apartment price

970,000 UAH 1.6M UAH 6M UAH
MINIMUM AVERAGE MAXIMUM
$25,000 $42,000 $160,000

2-bedroom apartment price

1.6M UAH 4.8M UAH 9.7M UAH
MINIMUM AVERAGE MAXIMUM
$42,000 $130,000 $250,000

3-bedroom apartment price

5.4M UAH 8.1M UAH 24M UAH
MINIMUM AVERAGE MAXIMUM
$140,000 $210,000 $630,000

Townhouse price

6.9M UAH 16M UAH 60M UAH
MINIMUM AVERAGE MAXIMUM
$180,000 $420,000 $1.6M

House price

8.1M UAH 48M UAH 69M UAH
MINIMUM AVERAGE MAXIMUM
$210,000 $1.3M $1.8M

Villa price

9.7M UAH 54M UAH 81M UAH
MINIMUM AVERAGE MAXIMUM
$250,000 $1.4M $2.1M

The average price of a studio apartment in Lviv can range from 810,000 UAH to 2.4M UAH depending on location. One bedroom cost can be anywhere from 970,000 UAH to 6M UAH. A villa can cost you 54M UAH on average with prices ranging from 9.7M UAH to 81M UAH.


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


33 x91 monthly income 205
MINIMUM AVERAGE MAXIMUM

Property prices in Lviv can be x91 to x205 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x91 multiples of the average monthly salary in Lviv.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 31% of income 42%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Lviv is around 31%. This means that people pay 31% of their income for rent. Those figures can range from 20% to 42% 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%
AVERAGE
3%
TO
4%

Home Maintenance Costs

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


74 UAH 960 UAH 9,600 UAH
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 Lviv

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / Individual

280 UAH 2,000 UAH 13,000 UAH
MINIMUM AVERAGE MAXIMUM
$7.3 $52 $350

Utility Bill Cost / Electricity + Water + Gas / Couple

740 UAH 2,500 UAH 16,000 UAH
MINIMUM AVERAGE MAXIMUM
$19 $65 $420

Utility Bill Cost / Electricity + Water + Gas / Family

1,300 UAH 3,700 UAH 24,000 UAH
MINIMUM AVERAGE MAXIMUM
$34 $96 $630

Internet and cable cost

230 UAH 470 UAH 620 UAH
MINIMUM AVERAGE MAXIMUM
$6.1 $12 $16

Mobile phone bill and charges

190 UAH 310 UAH 930 UAH
MINIMUM AVERAGE MAXIMUM
$4.9 $8.1 $24

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 Lviv ranges between 280 UAH and 13,000 UAH with average being 2,000 UAH, meanwhile the expenditure of couples is slightly higher at 2,500 UAH with 740 UAH and 16,000 UAH 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 3,700 UAH. The cost of internet and WiFi is unchanged among the three groups and ranges from 230 UAH to 620 UAH with 470 UAH being the average internet bill. Finally, the average monthly mobile charges is around 310 UAH but can range between 190 UAH and 930 UAH 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 Lviv 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 Lviv

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


Prices and cost of goods and services in Lviv

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

Fast food combo meal price

47 UAH 93 UAH 160 UAH
MINIMUM AVERAGE MAXIMUM
$1.2 $2.4 $4

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Lviv is approximatly 93 UAH with meal cost ranging from 47 UAH to 160 UAH. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

160 UAH 240 UAH 470 UAH
MINIMUM AVERAGE MAXIMUM
$4.1 $6.2 $12

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 160 UAH and 470 UAH with 240 UAH being the average price of a plate for one person at a regular restaurant in Lviv.

Fine dining meal for one price

320 UAH 470 UAH 1,900 UAH
MINIMUM AVERAGE MAXIMUM
$8.2 $12 $49

The price range of a meal at fine-dining restaurant is 320 UAH to 1,900 UAH with the average cost being 470 UAH for one person. This is what you would expect to pay a top-tier diner in Lviv.

Beverage prices, cappuccino, latte etc..

39 UAH 62 UAH 93 UAH
MINIMUM AVERAGE MAXIMUM
$1 $1.6 $2.4

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Lviv is around 62 UAH. Price ranges between 39 UAH and 93 UAH depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

31 UAH 37 UAH 47 UAH
MINIMUM AVERAGE MAXIMUM
$0.81 $0.97 $1.2

The average price of a large bottle of milk in Lviv is 37 UAH. The maximum what you would pay for milk is 47 UAH and the minimum being 31 UAH depending on the brand of milk and other properties.

12 eggs price

23 UAH 31 UAH 47 UAH
MINIMUM AVERAGE MAXIMUM
$0.61 $0.81 $1.2

A dozen eggs costs around 31 UAH on average with 23 UAH and 47 UAH being the lower and upper limits respectively.

Fresh whole chicken price

53 UAH 68 UAH 97 UAH
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $2.5

The price range of a fresh whole chicken in Lviv is between 53 UAH and 97 UAH depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 68 UAH.

Pack of beef price

62 UAH 93 UAH 190 UAH
MINIMUM AVERAGE MAXIMUM
$1.6 $2.4 $4.9

The price of a regular pack of beef or meat is around 93 UAH. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

25 UAH 34 UAH 49 UAH
MINIMUM AVERAGE MAXIMUM
$0.65 $0.89 $1.3

A bag of rice in Lviv costs around 34 UAH on average with prices rangeing between 25 UAH and 49 UAH depending on the brand and quality.

Bag of tomatos price

9.3 UAH 12 UAH 23 UAH
MINIMUM AVERAGE MAXIMUM
$0.24 $0.32 $0.61

A bag of tomatoes costs anywhere from 9.3 UAH to 23 UAH. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

17 UAH 22 UAH 36 UAH
MINIMUM AVERAGE MAXIMUM
$0.43 $0.57 $0.93

A bag of apples costs 22 UAH 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 Lviv 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 5,300 UAH per month on grocery and food with expenditure fluctuating between 750 UAH and 35,000 UAH depending on location and the type of person. The average cost of food and groceries for a couple is around 7,800 UAH per month. That number can be get as low as 2,600 UAH or a high as 41,000 UAH. Families' spending on grocery ranges from 4,700 UAH to 87,000 UAH 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 Lviv

Housing cost for a single person30%

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

LOW$44   1,700 UAH
AVERAGE$310   12,000 UAH
HIGH$2,100   80,000 UAH
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

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

LOW$7.3   280 UAH
AVERAGE$52   2,000 UAH
HIGH$350   13,000 UAH
Per Month

Transport and Fuel Cost5%

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

LOW$9.7   370 UAH
AVERAGE$69   2,700 UAH
HIGH$460   18,000 UAH
Per Month

Food and Groceries Cost19%

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

LOW$19   750 UAH
AVERAGE$140   5,300 UAH
HIGH$920   35,000 UAH
Per Month

Healthcare Cost12%

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

LOW$11   420 UAH
AVERAGE$78   3,000 UAH
HIGH$520   20,000 UAH
Per Month

Leisure and Shopping Expenditure3%

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

LOW$6.1   230 UAH
AVERAGE$43   1,700 UAH
HIGH$290   11,000 UAH
Per Month

Education Cost1%

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

LOW$2.4   93 UAH
AVERAGE$17   670 UAH
HIGH$120   4,400 UAH
Per Month

Other Expenses22%

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

LOW$22   840 UAH
AVERAGE$160   6,000 UAH
HIGH$1,000   40,000 UAH
Per Month


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

Housing cost for a couple27%

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

LOW$160   6,300 UAH
AVERAGE$490   19,000 UAH
HIGH$2,600   100,000 UAH
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

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

LOW$19   740 UAH
AVERAGE$65   2,500 UAH
HIGH$420   16,000 UAH
Per Month

Transport and Fuel Cost9%

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

LOW$58   2,200 UAH
AVERAGE$170   6,700 UAH
HIGH$920   35,000 UAH
Per Month

Food and Groceries Cost17%

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

LOW$67   2,600 UAH
AVERAGE$200   7,800 UAH
HIGH$1,100   41,000 UAH
Per Month

Healthcare Cost14%

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

LOW$53   2,000 UAH
AVERAGE$160   6,100 UAH
HIGH$850   33,000 UAH
Per Month

Leisure and Shopping Cost4%

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

LOW$29   1,100 UAH
AVERAGE$87   3,300 UAH
HIGH$460   18,000 UAH
Per Month

Education Cost1%

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

LOW$9.6   370 UAH
AVERAGE$29   1,100 UAH
HIGH$150   5,900 UAH
Per Month

Other Expenses21%

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

LOW$82   3,100 UAH
AVERAGE$250   9,400 UAH
HIGH$1,300   50,000 UAH
Per Month


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

Housing cost for a family26%

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

LOW$220   8,300 UAH
AVERAGE$620   24,000 UAH
HIGH$4,000   150,000 UAH
Per Month

Utilities, Electricity, Water, Internet, Mobile5%

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

LOW$34   1,300 UAH
AVERAGE$96   3,700 UAH
HIGH$630   24,000 UAH
Per Month

Transport and Fuel Expenses5%

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

LOW$67   2,600 UAH
AVERAGE$190   7,400 UAH
HIGH$1,300   48,000 UAH
Per Month

Food and Groceries Cost21%

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

LOW$120   4,700 UAH
AVERAGE$350   13,000 UAH
HIGH$2,300   87,000 UAH
Per Month

Healthcare Expenses11%

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

LOW$61   2,300 UAH
AVERAGE$190   7,400 UAH
HIGH$1,000   38,000 UAH
Per Month

Leisure and Shopping Cost3%

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

LOW$34   1,300 UAH
AVERAGE$96   3,700 UAH
HIGH$630   24,000 UAH
Per Month

Education Cost13%

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

LOW$94   3,600 UAH
AVERAGE$270   10,000 UAH
HIGH$1,800   67,000 UAH
Per Month

Other Expenses16%

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

LOW$54   2,100 UAH
AVERAGE$150   5,900 UAH
HIGH$1,000   38,000 UAH
Per Month


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

Housing costs for Student18%

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

LOW$23   890 UAH
AVERAGE$150   5,900 UAH
HIGH$1,000   39,000 UAH
Per Month

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

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

LOW$3.9   150 UAH
AVERAGE$26   980 UAH
HIGH$170   6,600 UAH
Per Month

Transport and Fuel Cost4%

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

LOW$6.7   260 UAH
AVERAGE$45   1,700 UAH
HIGH$300   11,000 UAH
Per Month

Food and Groceries Expenditure23%

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

LOW$19   740 UAH
AVERAGE$130   4,900 UAH
HIGH$850   33,000 UAH
Per Month

Healthcare Cost9%

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

LOW$5.8   220 UAH
AVERAGE$38   1,500 UAH
HIGH$260   9,800 UAH
Per Month

Leisure and Shopping Cost3%

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

LOW$4.8   180 UAH
AVERAGE$32   1,200 UAH
HIGH$210   8,200 UAH
Per Month

Education Cost18%

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

LOW$18   700 UAH
AVERAGE$120   4,700 UAH
HIGH$810   31,000 UAH
Per Month

Other Expenses19%

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

LOW$14   550 UAH
AVERAGE$96   3,700 UAH
HIGH$640   25,000 UAH
Per Month
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