Cost Of Living in Maputo 2024
Average monthly spending for singles, couples, students, and families in Maputo
Whether you're living in Maputo 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 Expenditure44,000 MZN
per month$6903,400 MZN $53
$6,900 440,000 MZN
Single31,000 MZN
per month$48010,000 MZN $160
$3,200 200,000 MZN
Couple51,000 MZN
per month$80017,000 MZN $270
$4,300 270,000 MZN
Family68,000 MZN
per month$1,10024,000 MZN $370
$5,900 370,000 MZN
Student20,000 MZN
per month$3108,000 MZN $130
$570 36,000 MZN
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Maputo is 31,000 MZN. Expenses can range from 10,000 MZN at the minimum level to 200,000 MZN at the highest end.
Couples
The average monthly spending of couples in Maputo is 51,000 MZN. Expenditure can range from 17,000 MZN to 270,000 MZN per month.
Families
The average cost of living for families in Maputo is 68,000 MZN per month. Families spend anywhere from 24,000 MZN to 370,000 MZN.
Students
The average monthly expenditure for students in Maputo is 20,000 MZN. Students spend from 8,000 MZN to 36,000 MZN 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 Maputo
Dining, food, and beverages costs
Large bottle of water
Fast food combo meal
Restaurant meal for one
Fine dining meal for one | 280 MZN | 430 MZN | 1,700 MZN |
Soda or Soft Drink
Cappuccino or latte Grocery and market costs
Milk large bottle
Loaf of bread
12 eggs
Fresh whole chicken
Beef 1 kg or 1 lb
Rice 1 kg or 1 lb
Tomato 1 kg or 1 lb
Apples 1 kg or 1 lb Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
Average car 1-day rental
Average car price | 100,000 MZN | 200,000 MZN | 270,000 MZN |
Bus ticket one way
Car Service Utility cost (monthly)
Utility Bill - Individual | 610 MZN | 1,800 MZN | 12,000 MZN |
Utility Bill - Couple | 850 MZN | 2,600 MZN | 14,000 MZN |
Utility Bill - Family | 710 MZN | 2,000 MZN | 11,000 MZN |
Internet and cable
Mobile phone charges Leisure and activities costs
Movie ticket
One month gym membership Cloths and accessories costs
Pair of jeans or pants
Woman dress | 250 MZN | 340 MZN | 1,100 MZN |
Woman shoes
Men's shoes
Men suit | 220 MZN | 280 MZN | 1,500 MZN |
Regular t-shirt Housing costs / monthly rent
Studio apartment | 3,700 MZN | 5,600 MZN | 15,000 MZN |
1-bedroom apartment | 5,600 MZN | 8,900 MZN | 22,000 MZN |
2-bedroom apartment | 7,400 MZN | 11,000 MZN | 30,000 MZN |
Housing costs / Buying
Studio apartment | 740,000 MZN | 1.1M MZN | 2.2M MZN |
1-bedroom apartment | 890,000 MZN | 1.5M MZN | 5.6M MZN |
2-bedroom apartment | 1.5M MZN | 4.5M MZN | 8.9M MZN |
Furniture Costs
King Size Bed | 4,100 MZN | 5,100 MZN | 6,800 MZN |
Double Bed | 2,700 MZN | 4,100 MZN | 5,100 MZN |
Single Bed | 2,400 MZN | 3,100 MZN | 4,100 MZN |
Living Room | 4,500 MZN | 5,800 MZN | 20,000 MZN |
Dining Table | 2,000 MZN | 2,700 MZN | 5,100 MZN |
Sofa or Couch | 2,700 MZN | 3,700 MZN | 8,100 MZN |
Electronics and House Appliance Costs
TV Set | 2,700 MZN | 4,100 MZN | 8,100 MZN |
Fridge or Freezer | 2,400 MZN | 3,700 MZN | 5,100 MZN |
Washing Machine | 3,100 MZN | 4,500 MZN | 8,100 MZN |
Stove or Cooker | 2,900 MZN | 3,700 MZN | 5,100 MZN |
Mobile Phone | 3,400 MZN | 4,100 MZN | 5,800 MZN |
Laptop or Computer | 3,700 MZN | 4,500 MZN | 8,100 MZN |
Expenditure to Income Ratio in Maputo
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
96%
90% to 110%
( 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 Maputo is 96%
This means that on average, people spend around 96% 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
87%
Spending-Income-Ratio
81%
96%
Couple
91%
Spending-Income-Ratio
85%
100%
Family
100%
Spending-Income-Ratio
94%
110%
How do people spend their money in Maputo?
We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.
The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.
Housing Expenditure23%
23% of total expenses on average (12% to 31%)
| LOW | $16 1,000 MZN |
| AVERAGE | $210 13,000 MZN |
| HIGH | $2,100 130,000 MZN |
| Per Month |
People living in Maputo typically spend from 12% to 31% of their total monthly expenditure on housing with 23% being the average. The average spend on housing is 13,000 MZN with expenditure ranging from 1,000 MZN to 130,000 MZN. 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, Water8%
8% of total expenses on average (5% to 12%)
| LOW | $2.7 170 MZN |
| AVERAGE | $35 2,200 MZN |
| HIGH | $350 22,000 MZN |
| Per Month |
Utility expenditure like electricity, water, and gas in Maputo ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 2,200 MZN with 170 MZN and 22,000 MZN being the upper and lower limits.
Transport, Fuel, Commute7%
7% of total expenses on average (3% to 11%)
| LOW | $5.3 340 MZN |
| AVERAGE | $69 4,400 MZN |
| HIGH | $690 44,000 MZN |
| 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 340 MZN to 44,000 MZN on commuting with 4,400 MZN 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 | $13 850 MZN |
| AVERAGE | $170 11,000 MZN |
| HIGH | $1,700 110,000 MZN |
| Per Month |
The average outlay on groceries in a month in Maputo is 11,000 MZN. The cost of groceries can range between 850 MZN to 110,000 MZN. 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 | $3.7 240 MZN |
| AVERAGE | $48 3,100 MZN |
| HIGH | $480 31,000 MZN |
| Per Month |
People in Maputo 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 240 MZN to 31,000 MZN with 3,100 MZN being the norm.
Leisure and Shopping4%
4% of total expenses on average (2% to 8%)
| LOW | $2.1 140 MZN |
| AVERAGE | $28 1,800 MZN |
| HIGH | $280 18,000 MZN |
| 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 140 MZN to 18,000 MZN with 1,800 MZN being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.
Education and Schooling5%
5% of total expenses on average (3% to 11%)
| LOW | $3.2 200 MZN |
| AVERAGE | $42 2,700 MZN |
| HIGH | $420 27,000 MZN |
| 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 2,700 MZN per month with 200 MZN being the minimum spent amount and 27,000 MZN being the maximum.
Other Expenses14%
14% of total expenses on average (9% to 21%)
| LOW | $6.9 440 MZN |
| AVERAGE | $90 5,700 MZN |
| HIGH | $900 57,000 MZN |
| Per Month |
How much money can you save in Maputo 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 Maputo manage to save money from their income every month?
Almost 64% of the surveyed people in Maputo said that they can save some money at the end of each month while 36% said that aren't saving anything.
Percentage of people saving money by population group in Maputo
| Group | Savers | Non Savers |
|---|
| Singles | 65% | 35% |
| Couples | 60% | 40% |
| Families | 54% | 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
Average Monthly Saved Amount
1,100 MZN
$17 | 14,000 MZN
$220 | 140,000 MZN
$2,200 |
For most people, 7.7% to 30% of their monthly income is what they can allocate to their savings, with 13% being the average. The amount of money that people can save is approximately 14,000 MZN on average with savings ranging from 1,100 MZN to 140,000 MZN.
65% of surveyed singles reported some of their income going to savings while 60% of couples said the same. 54% of families confirmed their ability to save money.
How much money do people actually save in Maputo?
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
Average Monthly Saved Amount
3,200 MZN
$50 | 9,500 MZN
$150 | 63,000 MZN
$990 |
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 11% to 32% of their monthly income to savings, with 18% being the average for most singles. The average amount of money that singles are able to save is 9,500 MZN with 3,200 MZN and 63,000 MZN being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
5,300 MZN
$83 | 16,000 MZN
$250 | 85,000 MZN
$1,300 |
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 8.8% to 31% of their monthly income, with 16% being the average for most couples. The average amount of money that couples can save is 16,000 MZN with 5,300 MZN and 85,000 MZN being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
7,400 MZN
$120 | 21,000 MZN
$330 | 120,000 MZN
$1,800 |
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 Maputo can save anywhere between 6.6% to 28% of their monthly income, with 13% being the average for most families. The average amount of money that families can put aside is 21,000 MZN with 7,400 MZN and 120,000 MZN 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 Maputo
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Maputo?
Around 59% of surveyed residents think that living in Maputo is affordable with proper budgeting while 41% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Maputo
People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options63%
Few low-cost options37%
Based on the survey, 63% of the people living in Maputo have no problem finding low-cost alternatives to support a frugal lifestyle while 37% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Emergency Funds
An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Maputo whether they have an emergency fund and the answers were as follows.
Yes59%
No41%
Based on the survey, 41% of the people living in Maputo said that they don't have an emergency fund while 59% said that they do.
Financial Literacy in Mozambique
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 Leteracy48%
We asked residents of Mozambique whether they acquired any adequate personal financial training in their lives. Approximately 52% 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 48% 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 Mozambique have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 43% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 57% said that they have everything under control.
Struggles with finance43%
Easily manages finances57%
Financial goals of people in Maputo
In an attempt to understand the economic situation in Maputo, 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 Fund | 8% |
| Debt Reduction | 43% |
| Retirement Savings | 10% |
| Education Funding | 7% |
| Homeownership | 18% |
| Investing | 6% |
| Travel or Lifestyle | 6% |
| Healthcare Expenses | 14% |
| Financial Independence | 5% |
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 43% 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. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 6% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 14% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Saving Challenges in Maputo
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Maputo. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 5% |
| High Expenses | 8% |
| Debt and Loans | 13% |
| Lack of Budgeting Skills | 12% |
| Impulsive Spending | 12% |
| Financial Emergencies | 7% |
| Living the moment | 5% |
| Will do it later | 21% |
| Inflation | 13% |
| Social Pressure | 3% |
| Market Instability | 2% |
Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 13% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 21% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 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 societal expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.
Typical saving choices for people in Maputo
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 12% |
| Gold | 13% |
| Savings Accounts | 17% |
| Retirement Accounts | 10% |
| Cash Savings | 21% |
| Real Estate | 9% |
| Investment | 5% |
| Stocks | 4% |
| Bonds | 5% |
| Mutual Funds | 2% |
| Certificates of Deposit | 3% |
Retirement, pension plans, and life after work in Maputo
What does the retirement lifestyle look like in Maputo and how much retirement savings are required?
Retirement age
The retirement age for most employees in Mozambique 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:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in Maputo:| Age | Amount |
|---|
| 25 | 120,000 MZN |
| 30 | 230,000 MZN |
| 35 | 410,000 MZN |
| 40 | 580,000 MZN |
| 45 | 870,000 MZN |
| 50 | 1.2M MZN |
| 55 | 1.4M MZN |
| 60 | 1.8M MZN |
| 65 | 2.1M MZN |
Retirement Income Distribution
We asked residents of Maputo about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 12% |
| Savings | 23% |
| Investments | 12% |
| Social Security | 7% |
| Annuities | 7% |
| Part-time Job | 15% |
| Real Estate | 18% |
| Dividends and Interest | 7% |
Retirement Monthly Expenses in Maputo 7,500 MZN
$120 | 23,000 MZN
$350 | 150,000 MZN
$2,400 |
Debt, loans, and mortgages in Maputo
Percentage of people who are in debt
According to the survey, 30% of the people in Maputo have some kind of debt, loan, mortgage, or credit card payments while 70% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Maputo
Debt to income ratio
35%
28% to 45%
( 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 35% of the people's monthly income in Maputo goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 18% |
| 40% - 50% | 15% |
| 30% - 40% | 17% |
| 20% - 30% | 10% |
| 10% - 20% | 12% |
| 0% - 10% | 25% |
According to our data, 3% of the debtors in Maputo pay 60%+ of their income as debt settlement while 18% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 10% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Maputo
| Debt | % People |
|---|
| Real Estate Mortgage | 8% |
| Auto Loan | 15% |
| Student Loan | 4% |
| Credit Card | 30% |
| Personal Loan | 43% |
8% of debtors in Maputo confirm that real estate mortgages constitutes the main part of their outstanding debt while 30% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 15% of people and personal loans rose at 43%. Lastly, student loans are the main source of debt for 4% of debtors in Maputo.
About credit score and debt managementManaging 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 Maputo
Besides measuring the loan-to-income ratio, we asked residents of Maputo 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 |
|---|
| Never | 50% |
| Once a year | 24% |
| Twice a year | 13% |
| Three times a year | 9% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Maputo
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Maputo
Monthly Rent Prices
Studio apartment | 3,700 MZN | 5,600 MZN | 15,000 MZN |
1-bedroom apartment | 5,600 MZN | 8,900 MZN | 22,000 MZN |
2-bedroom apartment | 7,400 MZN | 11,000 MZN | 30,000 MZN |
3-bedroom apartment | 8,900 MZN | 15,000 MZN | 41,000 MZN |
Furnished apartment | 18,000 MZN | 45,000 MZN | 89,000 MZN |
Townhouse | 15,000 MZN | 22,000 MZN | 64,000 MZN |
House | 18,000 MZN | 45,000 MZN | 89,000 MZN |
Villa | 22,000 MZN | 56,000 MZN | 89,000 MZN |
The monthly rental cost of a studio apartment in Maputo ranges between 3,700 MZN and 15,000 MZN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 5,600 MZN to 22,000 MZN. Two-bedroom rentals rate ranges between 7,400 MZN and 30,000 MZN per month. The monthly rental for a three-bedroom apartment ranges from 8,900 MZN to 41,000 MZN. The average rent of a townhouse in Maputo is around 22,000 MZN while house rental costs can be as high as 45,000 MZN per month. Finally, if you want to rent a villa, expect to pay anywhere from 22,000 MZN to 89,000 MZN per month.
Apartment and house prices in Maputo
Cost of buying a property
Studio apartment | 740,000 MZN | 1.1M MZN | 2.2M MZN |
1-bedroom apartment | 890,000 MZN | 1.5M MZN | 5.6M MZN |
2-bedroom apartment | 1.5M MZN | 4.5M MZN | 8.9M MZN |
3-bedroom apartment | $78,000 | $120,000 | $350,000 |
Townhouse | $100,000 | $230,000 | $870,000 |
House | $120,000 | $700,000 | $1,000,000 |
Villa The average price of a studio apartment in Maputo can range from 740,000 MZN to 2.2M MZN depending on location. One bedroom cost can be anywhere from 890,000 MZN to 5.6M MZN. A villa can cost you 50M MZN on average with prices ranging from 8.9M MZN to 74M MZN.
If you're leasing or purchasing, housing costs in Maputo 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
| 32 | x87 monthly income | 208 |
Property prices in Maputo can be x87 to x208 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x87 multiples of the average monthly salary in Maputo.
Rent to income ratio
Rent to income ratio( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Maputo 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
28% 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.
SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Maputo
Housing29%
29% of total expenses on average (17% to 41%)
| LOW | $57 3,700 MZN |
| AVERAGE | $170 11,000 MZN |
| HIGH | $1,100 73,000 MZN |
| Per Month |
Utilities, Electricity, Water9%
9% of total expenses on average (5% to 14%)
| LOW | $9.6 610 MZN |
| AVERAGE | $29 1,800 MZN |
| HIGH | $190 12,000 MZN |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (3% to 11%)
| LOW | $13 820 MZN |
| AVERAGE | $38 2,400 MZN |
| HIGH | $260 16,000 MZN |
| Per Month |
Food and Groceries19%
19% of total expenses on average (13% to 24%)
| LOW | $26 1,600 MZN |
| AVERAGE | $77 4,900 MZN |
| HIGH | $510 33,000 MZN |
| Per Month |
Healthcare12%
12% of total expenses on average (6% to 16%)
| LOW | $14 920 MZN |
| AVERAGE | $43 2,800 MZN |
| HIGH | $290 18,000 MZN |
| Per Month |
Leisure, Shopping2%
2% of total expenses on average (2% to 5%)
| LOW | $8 510 MZN |
| AVERAGE | $24 1,500 MZN |
| HIGH | $160 10,000 MZN |
| Per Month |
Education1%
1% of total expenses on average (0.00% to 3%)
| LOW | $3.2 200 MZN |
| AVERAGE | $9.6 610 MZN |
| HIGH | $64 4,100 MZN |
| Per Month |
Other Expenses22%
22% of total expenses on average (14% to 26%)
| LOW | $29 1,800 MZN |
| AVERAGE | $86 5,500 MZN |
| HIGH | $570 37,000 MZN |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Maputo
Housing26%
26% of total expenses on average (19% to 36%)
| LOW | $88 5,600 MZN |
| AVERAGE | $260 17,000 MZN |
| HIGH | $1,400 90,000 MZN |
| Per Month |
Utilities, Electricity, Water8%
8% of total expenses on average (6% to 12%)
| LOW | $13 850 MZN |
| AVERAGE | $40 2,600 MZN |
| HIGH | $210 14,000 MZN |
| Per Month |
Transport, Fuel9%
9% of total expenses on average (3% to 14%)
| LOW | $32 2,000 MZN |
| AVERAGE | $96 6,100 MZN |
| HIGH | $510 33,000 MZN |
| Per Month |
Food and Groceries17%
17% of total expenses on average (12% to 22%)
| LOW | $37 2,400 MZN |
| AVERAGE | $110 7,100 MZN |
| HIGH | $600 38,000 MZN |
| Per Month |
Healthcare14%
14% of total expenses on average (8% to 18%)
| LOW | $29 1,900 MZN |
| AVERAGE | $88 5,600 MZN |
| HIGH | $470 30,000 MZN |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (1% to 6%)
| LOW | $16 1,000 MZN |
| AVERAGE | $48 3,100 MZN |
| HIGH | $260 16,000 MZN |
| Per Month |
Education1%
1% of total expenses on average (0.00% to 3%)
| LOW | $5.3 340 MZN |
| AVERAGE | $16 1,000 MZN |
| HIGH | $85 5,400 MZN |
| Per Month |
Other Expenses21%
21% of total expenses on average (15% to 27%)
| LOW | $45 2,900 MZN |
| AVERAGE | $140 8,700 MZN |
| HIGH | $720 46,000 MZN |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Maputo
Housing25%
25% of total expenses on average (20% to 35%)
| LOW | $120 7,600 MZN |
| AVERAGE | $340 22,000 MZN |
| HIGH | $1,900 120,000 MZN |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (3% to 7%)
| LOW | $30 1,900 MZN |
| AVERAGE | $85 5,400 MZN |
| HIGH | $470 30,000 MZN |
| Per Month |
Food and Groceries21%
21% of total expenses on average (14% to 27%)
| LOW | $67 4,300 MZN |
| AVERAGE | $190 12,000 MZN |
| HIGH | $1,100 67,000 MZN |
| Per Month |
Healthcare11%
11% of total expenses on average (7% to 16%)
| LOW | $30 1,900 MZN |
| AVERAGE | $85 5,400 MZN |
| HIGH | $470 30,000 MZN |
| Per Month |
Leisure, Shopping2%
2% of total expenses on average (1% to 6%)
| LOW | $19 1,200 MZN |
| AVERAGE | $53 3,400 MZN |
| HIGH | $290 19,000 MZN |
| Per Month |
Education13%
13% of total expenses on average (6% to 21%)
| LOW | $52 3,300 MZN |
| AVERAGE | $150 9,500 MZN |
| HIGH | $820 52,000 MZN |
| Per Month |
Other Expenses16%
16% of total expenses on average (9% to 21%)
| LOW | $45 2,900 MZN |
| AVERAGE | $130 8,200 MZN |
| HIGH | $700 45,000 MZN |
| Per Month |
StudentCost of living and expenses break down for students living in Maputo
Housing17%
17% of total expenses on average (12% to 23%)
| LOW | $30 1,900 MZN |
| AVERAGE | $75 4,800 MZN |
| HIGH | $140 8,700 MZN |
| Per Month |
Utilities, Electricity, Water7%
7% of total expenses on average (5% to 11%)
| LOW | $5 320 MZN |
| AVERAGE | $13 800 MZN |
| HIGH | $23 1,400 MZN |
| Per Month |
Transport, Fuel4%
4% of total expenses on average (4% to 10%)
| LOW | $8.8 560 MZN |
| AVERAGE | $22 1,400 MZN |
| HIGH | $40 2,500 MZN |
| Per Month |
Food and Groceries23%
23% of total expenses on average (17% to 27%)
| LOW | $25 1,600 MZN |
| AVERAGE | $63 4,000 MZN |
| HIGH | $110 7,200 MZN |
| Per Month |
Healthcare9%
9% of total expenses on average (6% to 12%)
| LOW | $7.5 480 MZN |
| AVERAGE | $19 1,200 MZN |
| HIGH | $34 2,200 MZN |
| Per Month |
Leisure, Shopping2%
2% of total expenses on average (2% to 6%)
| LOW | $6.3 400 MZN |
| AVERAGE | $16 1,000 MZN |
| HIGH | $28 1,800 MZN |
| Per Month |
Education18%
18% of total expenses on average (11% to 23%)
| LOW | $24 1,500 MZN |
| AVERAGE | $60 3,800 MZN |
| HIGH | $110 6,900 MZN |
| Per Month |
Other Expenses19%
19% of total expenses on average (13% to 25%)
| LOW | $19 1,200 MZN |
| AVERAGE | $47 3,000 MZN |
| HIGH | $85 5,400 MZN |
| Per Month |
