Cost Of Living in Mbuji-Mayi 2024

Average monthly spending for singles, couples, students, and families in Mbuji-Mayi

Whether you're living in Mbuji-Mayi 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

470,000 CDF

per month
$170

36,000 CDF   $13
$1,700   4.7M CDF

Single

330,000 CDF

per month
$120

110,000 CDF   $39
$780   2.2M CDF

Couple

540,000 CDF

per month
$200

180,000 CDF   $65
$1,000   2.9M CDF

Family

720,000 CDF

per month
$260

250,000 CDF   $92
$1,400   4M CDF

Student

210,000 CDF

per month
$75

84,000 CDF   $30
$140   380,000 CDF
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Mbuji-Mayi is 330,000 CDF. Expenses can range from 110,000 CDF at the minimum level to 2.2M CDF at the highest end.


Couples

The average monthly spending of couples in Mbuji-Mayi is 540,000 CDF. Expenditure can range from 180,000 CDF to 2.9M CDF per month.


Families

The average cost of living for families in Mbuji-Mayi is 720,000 CDF per month. Families spend anywhere from 250,000 CDF to 4M CDF.


Students

The average monthly expenditure for students in Mbuji-Mayi is 210,000 CDF. Students spend from 84,000 CDF to 380,000 CDF 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 Mbuji-Mayi


Dining, food, and beverages costs


Large bottle of water
53 CDF 61 CDF 70 CDF
MINIMUM AVERAGE MAXIMUM
$0.02 $0.02 $0.03
Fast food combo meal
450 CDF 910 CDF 1,500 CDF
MINIMUM AVERAGE MAXIMUM
$0.16 $0.33 $0.55
Restaurant meal for one
1,500 CDF 2,300 CDF 4,600 CDF
MINIMUM AVERAGE MAXIMUM
$0.55 $0.83 $1.7
Fine dining meal for one
3,100 CDF 4,600 CDF 18,000 CDF
MINIMUM AVERAGE MAXIMUM
$1.1 $1.7 $6.6
Soda or Soft Drink
65 CDF 76 CDF 91 CDF
MINIMUM AVERAGE MAXIMUM
$0.02 $0.03 $0.03
Cappuccino or latte
380 CDF 610 CDF 910 CDF
MINIMUM AVERAGE MAXIMUM
$0.14 $0.22 $0.33

Grocery and market costs


Milk large bottle
300 CDF 360 CDF 450 CDF
MINIMUM AVERAGE MAXIMUM
$0.11 $0.13 $0.16
Loaf of bread
55 CDF 62 CDF 72 CDF
MINIMUM AVERAGE MAXIMUM
$0.02 $0.02 $0.03
12 eggs
230 CDF 300 CDF 450 CDF
MINIMUM AVERAGE MAXIMUM
$0.08 $0.11 $0.16
Fresh whole chicken
520 CDF 670 CDF 950 CDF
MINIMUM AVERAGE MAXIMUM
$0.19 $0.24 $0.34
Beef 1 kg or 1 lb
610 CDF 910 CDF 1,800 CDF
MINIMUM AVERAGE MAXIMUM
$0.22 $0.33 $0.66
Rice 1 kg or 1 lb
240 CDF 330 CDF 470 CDF
MINIMUM AVERAGE MAXIMUM
$0.09 $0.12 $0.17
Tomato 1 kg or 1 lb
91 CDF 120 CDF 230 CDF
MINIMUM AVERAGE MAXIMUM
$0.03 $0.04 $0.08
Apples 1 kg or 1 lb
160 CDF 210 CDF 350 CDF
MINIMUM AVERAGE MAXIMUM
$0.06 $0.08 $0.13

Commute, travel, and transportation costs


20 minutes taxi ride
380 CDF 460 CDF 920 CDF
MINIMUM AVERAGE MAXIMUM
$0.14 $0.17 $0.33
Average car full tank
2,300 CDF 3,000 CDF 6,100 CDF
MINIMUM AVERAGE MAXIMUM
$0.82 $1.1 $2.2
Average car 1-day rental
2,300 CDF 3,100 CDF 4,600 CDF
MINIMUM AVERAGE MAXIMUM
$0.84 $1.1 $1.7
Average car price
1.1M CDF 2.3M CDF 3M CDF
MINIMUM AVERAGE MAXIMUM
$410 $820 $1,100
Bus ticket one way
77 CDF 120 CDF 230 CDF
MINIMUM AVERAGE MAXIMUM
$0.03 $0.04 $0.08
Car Service
3,100 CDF 4,600 CDF 9,300 CDF
MINIMUM AVERAGE MAXIMUM
$1.1 $1.7 $3.4

Utility cost (monthly)


Utility Bill - Individual
6,500 CDF 20,000 CDF 130,000 CDF
MINIMUM AVERAGE MAXIMUM
$2.4 $7.1 $47
Utility Bill - Couple
9,100 CDF 27,000 CDF 140,000 CDF
MINIMUM AVERAGE MAXIMUM
$3.3 $9.8 $52
Utility Bill - Family
7,600 CDF 22,000 CDF 120,000 CDF
MINIMUM AVERAGE MAXIMUM
$2.7 $7.8 $43
Internet and cable
2,300 CDF 4,500 CDF 6,100 CDF
MINIMUM AVERAGE MAXIMUM
$0.82 $1.6 $2.2
Mobile phone charges
1,800 CDF 3,000 CDF 9,100 CDF
MINIMUM AVERAGE MAXIMUM
$0.66 $1.1 $3.3

Leisure and activities costs


Movie ticket
1,100 CDF 1,500 CDF 2,300 CDF
MINIMUM AVERAGE MAXIMUM
$0.41 $0.55 $0.82
One month gym membership
3,700 CDF 4,600 CDF 9,300 CDF
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $3.4

Cloths and accessories costs


Pair of jeans or pants
2,700 CDF 3,900 CDF 5,800 CDF
MINIMUM AVERAGE MAXIMUM
$0.99 $1.4 $2.1
Woman dress
2,600 CDF 3,600 CDF 12,000 CDF
MINIMUM AVERAGE MAXIMUM
$0.93 $1.3 $4.2
Woman shoes
2,400 CDF 3,300 CDF 7,700 CDF
MINIMUM AVERAGE MAXIMUM
$0.88 $1.2 $2.8
Men's shoes
2,100 CDF 2,600 CDF 5,200 CDF
MINIMUM AVERAGE MAXIMUM
$0.76 $0.93 $1.9
Men suit
2,300 CDF 2,900 CDF 15,000 CDF
MINIMUM AVERAGE MAXIMUM
$0.84 $1 $5.6
Regular t-shirt
1,200 CDF 1,500 CDF 4,600 CDF
MINIMUM AVERAGE MAXIMUM
$0.42 $0.56 $1.7

Housing costs / monthly rent


Studio apartment
39,000 CDF 58,000 CDF 150,000 CDF
MINIMUM AVERAGE MAXIMUM
$14 $21 $56
1-bedroom apartment
58,000 CDF 93,000 CDF 230,000 CDF
MINIMUM AVERAGE MAXIMUM
$21 $34 $84
2-bedroom apartment
77,000 CDF 120,000 CDF 310,000 CDF
MINIMUM AVERAGE MAXIMUM
$28 $42 $110

Housing costs / Buying


Studio apartment
7.7M CDF 12M CDF 23M CDF
MINIMUM AVERAGE MAXIMUM
$2,800 $4,200 $8,400
1-bedroom apartment
9.3M CDF 15M CDF 58M CDF
MINIMUM AVERAGE MAXIMUM
$3,400 $5,600 $21,000
2-bedroom apartment
15M CDF 46M CDF 93M CDF
MINIMUM AVERAGE MAXIMUM
$5,600 $17,000 $34,000

Furniture Costs


King Size Bed
45,000 CDF 57,000 CDF 76,000 CDF
MINIMUM AVERAGE MAXIMUM
$16 $21 $27
Double Bed
30,000 CDF 45,000 CDF 57,000 CDF
MINIMUM AVERAGE MAXIMUM
$11 $16 $21
Single Bed
27,000 CDF 35,000 CDF 45,000 CDF
MINIMUM AVERAGE MAXIMUM
$9.7 $13 $16
Living Room
51,000 CDF 65,000 CDF 230,000 CDF
MINIMUM AVERAGE MAXIMUM
$18 $23 $82
Dining Table
23,000 CDF 30,000 CDF 57,000 CDF
MINIMUM AVERAGE MAXIMUM
$8.2 $11 $21
Sofa or Couch
30,000 CDF 41,000 CDF 91,000 CDF
MINIMUM AVERAGE MAXIMUM
$11 $15 $33

Electronics and House Appliance Costs


TV Set
30,000 CDF 45,000 CDF 91,000 CDF
MINIMUM AVERAGE MAXIMUM
$11 $16 $33
Fridge or Freezer
27,000 CDF 41,000 CDF 57,000 CDF
MINIMUM AVERAGE MAXIMUM
$9.7 $15 $21
Washing Machine
35,000 CDF 51,000 CDF 91,000 CDF
MINIMUM AVERAGE MAXIMUM
$13 $18 $33
Stove or Cooker
32,000 CDF 41,000 CDF 57,000 CDF
MINIMUM AVERAGE MAXIMUM
$12 $15 $21
Mobile Phone
38,000 CDF 45,000 CDF 65,000 CDF
MINIMUM AVERAGE MAXIMUM
$14 $16 $23
Laptop or Computer
41,000 CDF 51,000 CDF 91,000 CDF
MINIMUM AVERAGE MAXIMUM
$15 $18 $33

Expenditure to Income Ratio in Mbuji-Mayi

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

85%

78% to 93%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%3%
50% - 60%7%
60% - 70%13%
70% - 80%24%
80% - 90%23%
90% - 100%12%
100% - 110%7%
110% - 120%4%
120% - 130%3%
130% - 140%3%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Mbuji-Mayi is 85% This means that on average, people spend around 85% of their income for living. According to the distribution table, 13% 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
70%
83%

Couple
81%
Spending-Income-Ratio
74%
88%

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

How do people spend their money in Mbuji-Mayi?

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 Expenditure21%

21% of total expenses on average (10% to 29%)

LOW$3.9   11,000 CDF
AVERAGE$51   140,000 CDF
HIGH$510   1.4M CDF
Per Month

People living in Mbuji-Mayi typically spend from 10% to 29% of their total monthly expenditure on housing with 21% being the average. The average spend on housing is 140,000 CDF with expenditure ranging from 11,000 CDF to 1.4M CDF. 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, Water9%

9% of total expenses on average (6% to 13%)

LOW$0.65   1,800 CDF
AVERAGE$8.5   24,000 CDF
HIGH$85   240,000 CDF
Per Month

Utility expenditure like electricity, water, and gas in Mbuji-Mayi ranges from 6% to 13% of total expenses with 9% being the average. The average monthly cost of utilities is 24,000 CDF with 1,800 CDF and 240,000 CDF being the upper and lower limits.

Transport, Fuel, Commute6%

6% of total expenses on average (2% to 10%)

LOW$1.3   3,600 CDF
AVERAGE$17   47,000 CDF
HIGH$170   470,000 CDF
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 3,600 CDF to 470,000 CDF on commuting with 47,000 CDF being the norm for most people in one month. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 2% or as high as 10%.

Food and Groceries Cost29%

29% of total expenses on average (21% to 35%)

LOW$3.3   9,100 CDF
AVERAGE$42   120,000 CDF
HIGH$420   1.2M CDF
Per Month

The average outlay on groceries in a month in Mbuji-Mayi is 120,000 CDF. The cost of groceries can range between 9,100 CDF to 1.2M CDF. People spend on average about 29% on food and groceries with upper and lower bounds of 21% and 35% respectively.

Healthcare and Medical Services11%

11% of total expenses on average (6% to 14%)

LOW$0.92   2,500 CDF
AVERAGE$12   33,000 CDF
HIGH$120   330,000 CDF
Per Month

People in Mbuji-Mayi allocate 6% to 14% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 11%. The range of medical expenses range from 2,500 CDF to 330,000 CDF with 33,000 CDF being the norm.

Leisure and Shopping3%

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

LOW$0.52   1,400 CDF
AVERAGE$6.8   19,000 CDF
HIGH$68   190,000 CDF
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 1,400 CDF to 190,000 CDF with 19,000 CDF being the average. Speaking of percentages, that equates to 2% to 7% of total expenses with an average of 3% for most residents.

Education and Schooling5%

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

LOW$0.78   2,200 CDF
AVERAGE$10   28,000 CDF
HIGH$100   280,000 CDF
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 28,000 CDF per month with 2,200 CDF being the minimum spent amount and 280,000 CDF being the maximum.

Other Expenses15%

15% of total expenses on average (10% to 22%)

LOW$1.7   4,700 CDF
AVERAGE$22   61,000 CDF
HIGH$220   610,000 CDF
Per Month

How much money can you save in Mbuji-Mayi 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 Mbuji-Mayi manage to save money from their income every month?


Saving Money
54%
Not Saving
46%

Almost 54% of the surveyed people in Mbuji-Mayi said that they can save some money at the end of each month while 46% said that aren't saving anything.


Percentage of people saving money by population group in Mbuji-Mayi

GroupSaversNon Savers
Singles54%46%
Couples49%51%
Families44%56%

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

9.8% 17% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

10,000 CDF
$3.7
130,000 CDF
$48
1.3M CDF
$480
MINIMUM AVERAGE MAXIMUM

For most people, 9.8% to 29% of their monthly income is what they can allocate to their savings, with 17% being the average. The amount of money that people can save is approximately 130,000 CDF on average with savings ranging from 10,000 CDF to 1.3M CDF.

54% of surveyed singles reported some of their income going to savings while 49% of couples said the same. 44% of families confirmed their ability to save money.


How much money do people actually save in Mbuji-Mayi?

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

13% 21% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

31,000 CDF
$11
92,000 CDF
$33
610,000 CDF
$220
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%35%
10% - 20%27%
20% - 30%17%
30% - 40%10%
40% - 50%8%
> 50%3%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 13% to 31% of their monthly income to savings, with 21% being the average for most singles. The average amount of money that singles are able to save is 92,000 CDF with 31,000 CDF and 610,000 CDF being the minimum and maximum respectively.


Couples

Saving to Income Ratio

11% 19% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

51,000 CDF
$18
150,000 CDF
$55
820,000 CDF
$290
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%39%
10% - 20%29%
20% - 30%20%
30% - 40%5%
40% - 50%5%
> 50%2%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 11% to 30% of their monthly income, with 19% being the average for most couples. The average amount of money that couples can save is 150,000 CDF with 51,000 CDF and 820,000 CDF being the minimum and maximum respectively.


Families

Saving to Income Ratio

8.8% 16% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

71,000 CDF
$26
200,000 CDF
$74
1.1M CDF
$400
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%42%
10% - 20%32%
20% - 30%21%
30% - 40%2%
40% - 50%2%
> 50%1%

Interpretation and Analysis

Families in Mbuji-Mayi can save anywhere between 8.8% to 27% of their monthly income, with 16% being the average for most families. The average amount of money that families can put aside is 200,000 CDF with 71,000 CDF and 1.1M CDF 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 Mbuji-Mayi

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Mbuji-Mayi?


Yes
44%
No
56%

Around 44% of surveyed residents think that living in Mbuji-Mayi is affordable with proper budgeting while 56% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Mbuji-Mayi

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 options54%

Few low-cost options46%


Based on the survey, 54% of the people living in Mbuji-Mayi have no problem finding low-cost alternatives to support a frugal lifestyle while 46% 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 Mbuji-Mayi whether they have an emergency fund and the answers were as follows.

Yes44%

No56%


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

Financial Literacy in Congo Democratic Republic

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

Financial Leteracy40%


We asked residents of Congo Democratic Republic whether they acquired any adequate personal financial training in their lives. Approximately 60% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 40% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Congo Democratic Republic have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 50% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 50% said that they have everything under control.

Struggles with finance50%

Easily manages finances50%

Financial goals of people in Mbuji-Mayi

In an attempt to understand the economic situation in Mbuji-Mayi, 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 Fund9%
Debt Reduction49%
Retirement Savings12%
Education Funding6%
Homeownership19%
Investing5%
Travel or Lifestyle4%
Healthcare Expenses17%
Financial Independence2%

Around 9% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 49% said their number one priority is to pay off high-interest debt or loans and improve credit. 12% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 6% reported that their priority is saving for the tuition fees and education costs of their children while 19% choose to buy a home or pay off existing mortgage before other things. 5% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 4% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 17% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Saving Challenges in Mbuji-Mayi

Reasons that make it difficult for people to save money

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


Reason% People
Low Income4%
High Expenses7%
Debt and Loans10%
Lack of Budgeting Skills13%
Impulsive Spending13%
Financial Emergencies8%
Living the moment4%
Will do it later24%
Inflation15%
Social Pressure2%
Market Instability1%

Around 4% of the people said that their salary is too low to accommodate a portion for savings while 7% said that the high cost of living leaves little room for savings. 10% of the residents said that they are burdened with debt and find it challenging to save money. 13% 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. 13% blamed impulsive spending as the reason for saving inability. Around 8% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 4% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 24% 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. 15% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 2% said that social pressure and keeping up with peers or societal expectations makes them overspend. Lastly, 1% blamed market instability and price fluctuations.

Typical saving choices for people in Mbuji-Mayi

Where do people choose to put their savings?


Saving Type% People
Emergency Funds13%
Gold15%
Savings Accounts16%
Retirement Accounts9%
Cash Savings24%
Real Estate8%
Investment4%
Stocks3%
Bonds4%
Mutual Funds1%
Certificates of Deposit2%

Retirement, pension plans, and life after work in Mbuji-Mayi

What does the retirement lifestyle look like in Mbuji-Mayi and how much retirement savings are required?

Retirement age

The retirement age for most employees in Congo Democratic Republic 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 Mbuji-Mayi:
AgeAmount
251.2M CDF
302.4M CDF
354.2M CDF
406M CDF
459.1M CDF
5013M CDF
5515M CDF
6019M CDF
6522M CDF

Retirement Income Distribution

We asked residents of Mbuji-Mayi about their retirement income sources and below are the results.

Source% People
Pensions11%
Savings24%
Investments11%
Social Security6%
Annuities6%
Part-time Job18%
Real Estate19%
Dividends and Interest6%

Retirement Monthly Expenses in Mbuji-Mayi

81,000 CDF
$29
240,000 CDF
$88
1.6M CDF
$580
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Mbuji-Mayi


Percentage of people who are in debt


In Debt
27%
Debt Free
73%

According to the survey, 27% of the people in Mbuji-Mayi have some kind of debt, loan, mortgage, or credit card payments while 73% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Mbuji-Mayi

Debt to income ratio

31%

23% to 39%

( 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 31% of the people's monthly income in Mbuji-Mayi goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%4%
50% - 60%23%
40% - 50%17%
30% - 40%19%
20% - 30%7%
10% - 20%7%
0% - 10%24%

According to our data, 4% of the debtors in Mbuji-Mayi pay 60%+ of their income as debt settlement while 23% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 17% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 19% dedicated 30% to 40% of income for same. Things are looking brighter for 7% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Mbuji-Mayi

Debt% People
Real Estate Mortgage5%
Auto Loan10%
Student Loan5%
Credit Card33%
Personal Loan48%

5% of debtors in Mbuji-Mayi confirm that real estate mortgages constitutes the main part of their outstanding debt while 33% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 10% of people and personal loans rose at 48%. Lastly, student loans are the main source of debt for 5% of debtors in Mbuji-Mayi.


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 Mbuji-Mayi

Besides measuring the loan-to-income ratio, we asked residents of Mbuji-Mayi 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
Never47%
Once a year25%
Twice a year14%
Three times a year10%
Four times a year5%

Housing costs, accommodation, and housing affordability in Mbuji-Mayi

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


Rent Cost in Mbuji-Mayi

Monthly Rent Prices

Studio apartment
39,000 CDF 58,000 CDF 150,000 CDF
MINIMUM AVERAGE MAXIMUM
$14 $21 $56
1-bedroom apartment
58,000 CDF 93,000 CDF 230,000 CDF
MINIMUM AVERAGE MAXIMUM
$21 $34 $84
2-bedroom apartment
77,000 CDF 120,000 CDF 310,000 CDF
MINIMUM AVERAGE MAXIMUM
$28 $42 $110
3-bedroom apartment
93,000 CDF 150,000 CDF 420,000 CDF
MINIMUM AVERAGE MAXIMUM
$34 $56 $150
Furnished apartment
190,000 CDF 460,000 CDF 930,000 CDF
MINIMUM AVERAGE MAXIMUM
$67 $170 $340
Townhouse
150,000 CDF 230,000 CDF 660,000 CDF
MINIMUM AVERAGE MAXIMUM
$56 $84 $240
House
190,000 CDF 460,000 CDF 930,000 CDF
MINIMUM AVERAGE MAXIMUM
$67 $170 $340
Villa
230,000 CDF 580,000 CDF 930,000 CDF
MINIMUM AVERAGE MAXIMUM
$84 $210 $340

The monthly rental cost of a studio apartment in Mbuji-Mayi ranges between 39,000 CDF and 150,000 CDF, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 58,000 CDF to 230,000 CDF. Two-bedroom rentals rate ranges between 77,000 CDF and 310,000 CDF per month. The monthly rental for a three-bedroom apartment ranges from 93,000 CDF to 420,000 CDF. The average rent of a townhouse in Mbuji-Mayi is around 230,000 CDF while house rental costs can be as high as 460,000 CDF per month. Finally, if you want to rent a villa, expect to pay anywhere from 230,000 CDF to 930,000 CDF per month.



Apartment and house prices in Mbuji-Mayi

Cost of buying a property

Studio apartment
7.7M CDF 12M CDF 23M CDF
MINIMUM AVERAGE MAXIMUM
$2,800 $4,200 $8,400
1-bedroom apartment
9.3M CDF 15M CDF 58M CDF
MINIMUM AVERAGE MAXIMUM
$3,400 $5,600 $21,000
2-bedroom apartment
15M CDF 46M CDF 93M CDF
MINIMUM AVERAGE MAXIMUM
$5,600 $17,000 $34,000
3-bedroom apartment
52M CDF 77M CDF 230M CDF
MINIMUM AVERAGE MAXIMUM
$19,000 $28,000 $84,000
Townhouse
66M CDF 150M CDF 580M CDF
MINIMUM AVERAGE MAXIMUM
$24,000 $56,000 $210,000
House
77M CDF 460M CDF 660M CDF
MINIMUM AVERAGE MAXIMUM
$28,000 $170,000 $240,000
Villa
93M CDF 520M CDF 770M CDF
MINIMUM AVERAGE MAXIMUM
$34,000 $190,000 $280,000

The average price of a studio apartment in Mbuji-Mayi can range from 7.7M CDF to 23M CDF depending on location. One bedroom cost can be anywhere from 9.3M CDF to 58M CDF. A villa can cost you 520M CDF on average with prices ranging from 93M CDF to 770M CDF.


If you're leasing or purchasing, housing costs in Mbuji-Mayi 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


30 x86 monthly income 188
MINIMUM AVERAGE MAXIMUM

Property prices in Mbuji-Mayi can be x86 to x188 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x86 multiples of the average monthly salary in Mbuji-Mayi.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


19% 28% of income 38%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Mbuji-Mayi is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 19% to 38% 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
26%

Property Taxes

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


FROM
1.8%
AVERAGE
2.8%
TO
3.7%

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.


720 CDF 9,400 CDF 94,000 CDF
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 Mbuji-Mayi

Housing27%

27% of total expenses on average (15% to 39%)

LOW$14   39,000 CDF
AVERAGE$42   120,000 CDF
HIGH$280   780,000 CDF
Per Month

Utilities, Electricity, Water10%

10% of total expenses on average (6% to 15%)

LOW$2.4   6,500 CDF
AVERAGE$7.1   20,000 CDF
HIGH$47   130,000 CDF
Per Month

Transport, Fuel4%

4% of total expenses on average (2% to 10%)

LOW$3.1   8,700 CDF
AVERAGE$9.4   26,000 CDF
HIGH$63   170,000 CDF
Per Month

Food and Groceries20%

20% of total expenses on average (14% to 25%)

LOW$6.3   17,000 CDF
AVERAGE$19   52,000 CDF
HIGH$130   350,000 CDF
Per Month

Healthcare13%

13% of total expenses on average (7% to 17%)

LOW$3.5   9,800 CDF
AVERAGE$11   29,000 CDF
HIGH$71   200,000 CDF
Per Month

Leisure, Shopping1%

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

LOW$2   5,400 CDF
AVERAGE$5.9   16,000 CDF
HIGH$39   110,000 CDF
Per Month

Education1%

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

LOW$0.78   2,200 CDF
AVERAGE$2.4   6,500 CDF
HIGH$16   43,000 CDF
Per Month

Other Expenses23%

23% of total expenses on average (15% to 27%)

LOW$7.1   20,000 CDF
AVERAGE$21   59,000 CDF
HIGH$140   390,000 CDF
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Mbuji-Mayi

Housing24%

24% of total expenses on average (17% to 34%)

LOW$22   60,000 CDF
AVERAGE$65   180,000 CDF
HIGH$350   960,000 CDF
Per Month

Utilities, Electricity, Water9%

9% of total expenses on average (7% to 13%)

LOW$3.3   9,100 CDF
AVERAGE$9.8   27,000 CDF
HIGH$52   140,000 CDF
Per Month

Transport, Fuel8%

8% of total expenses on average (2% to 13%)

LOW$7.8   22,000 CDF
AVERAGE$24   65,000 CDF
HIGH$130   350,000 CDF
Per Month

Food and Groceries18%

18% of total expenses on average (13% to 23%)

LOW$9.2   25,000 CDF
AVERAGE$27   76,000 CDF
HIGH$150   410,000 CDF
Per Month

Healthcare15%

15% of total expenses on average (9% to 19%)

LOW$7.2   20,000 CDF
AVERAGE$22   60,000 CDF
HIGH$120   320,000 CDF
Per Month

Leisure, Shopping2%

2% of total expenses on average (0.00% to 5%)

LOW$3.9   11,000 CDF
AVERAGE$12   33,000 CDF
HIGH$63   170,000 CDF
Per Month

Education1%

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

LOW$1.3   3,600 CDF
AVERAGE$3.9   11,000 CDF
HIGH$21   58,000 CDF
Per Month

Other Expenses22%

22% of total expenses on average (16% to 28%)

LOW$11   31,000 CDF
AVERAGE$33   92,000 CDF
HIGH$180   490,000 CDF
Per Month


Family
Average monthly expenses and break out of spending for families living in Mbuji-Mayi

Housing23%

23% of total expenses on average (18% to 33%)

LOW$29   81,000 CDF
AVERAGE$84   230,000 CDF
HIGH$460   1.3M CDF
Per Month

Transport, Fuel4%

4% of total expenses on average (2% to 6%)

LOW$7.3   20,000 CDF
AVERAGE$21   58,000 CDF
HIGH$120   320,000 CDF
Per Month

Food and Groceries22%

22% of total expenses on average (15% to 28%)

LOW$16   46,000 CDF
AVERAGE$47   130,000 CDF
HIGH$260   720,000 CDF
Per Month

Healthcare12%

12% of total expenses on average (8% to 17%)

LOW$7.3   20,000 CDF
AVERAGE$21   58,000 CDF
HIGH$120   320,000 CDF
Per Month

Leisure, Shopping1%

1% of total expenses on average (0.00% to 5%)

LOW$4.6   13,000 CDF
AVERAGE$13   36,000 CDF
HIGH$72   200,000 CDF
Per Month

Education13%

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

LOW$13   36,000 CDF
AVERAGE$37   100,000 CDF
HIGH$200   560,000 CDF
Per Month

Other Expenses17%

17% of total expenses on average (10% to 22%)

LOW$11   30,000 CDF
AVERAGE$31   87,000 CDF
HIGH$170   480,000 CDF
Per Month


Student
Cost of living and expenses break down for students living in Mbuji-Mayi

Housing15%

15% of total expenses on average (10% to 21%)

LOW$7.2   20,000 CDF
AVERAGE$18   50,000 CDF
HIGH$33   90,000 CDF
Per Month

Utilities, Electricity, Water8%

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

LOW$1.2   3,300 CDF
AVERAGE$3   8,400 CDF
HIGH$5.4   15,000 CDF
Per Month

Transport, Fuel3%

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

LOW$2.1   5,800 CDF
AVERAGE$5.3   15,000 CDF
HIGH$9.5   26,000 CDF
Per Month

Food and Groceries24%

24% of total expenses on average (18% to 28%)

LOW$6   17,000 CDF
AVERAGE$15   42,000 CDF
HIGH$27   75,000 CDF
Per Month

Healthcare10%

10% of total expenses on average (7% to 13%)

LOW$1.8   5,000 CDF
AVERAGE$4.5   13,000 CDF
HIGH$8.1   23,000 CDF
Per Month

Leisure, Shopping1%

1% of total expenses on average (1% to 5%)

LOW$1.5   4,200 CDF
AVERAGE$3.8   10,000 CDF
HIGH$6.8   19,000 CDF
Per Month

Education18%

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

LOW$5.7   16,000 CDF
AVERAGE$14   40,000 CDF
HIGH$26   71,000 CDF
Per Month

Other Expenses20%

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

LOW$4.5   13,000 CDF
AVERAGE$11   31,000 CDF
HIGH$20   56,000 CDF
Per Month
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