Cost Of Living in Nepal 2024
Average monthly spending for singles, couples, students, and families in Nepal
Whether you're living in Nepal 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 Expenditure80,000 NPR
per month$6106,200 NPR $47
$6,100 800,000 NPR
Single56,000 NPR
per month$42019,000 NPR $140
$2,800 370,000 NPR
Couple93,000 NPR
per month$70031,000 NPR $230
$3,700 500,000 NPR
Family120,000 NPR
per month$93043,000 NPR $330
$5,100 680,000 NPR
Student36,000 NPR
per month$27015,000 NPR $110
$490 66,000 NPR
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Nepal is 56,000 NPR. Expenses can range from 19,000 NPR at the minimum level to 370,000 NPR at the highest end.
Couples
The average monthly spending of couples in Nepal is 93,000 NPR. Expenditure can range from 31,000 NPR to 500,000 NPR per month.
Families
The average cost of living for families in Nepal is 120,000 NPR per month. Families spend anywhere from 43,000 NPR to 680,000 NPR.
Students
The average monthly expenditure for students in Nepal is 36,000 NPR. Students spend from 15,000 NPR to 66,000 NPR 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 Nepal
Dining, food, and beverages costs
Large bottle of water
Fast food combo meal
Restaurant meal for one
Fine dining meal for one | 540 NPR | 810 NPR | 3,200 NPR |
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 | 410 NPR | 540 NPR | 1,100 NPR |
Average car 1-day rental
Average car price | 200,000 NPR | 410,000 NPR | 540,000 NPR |
Bus ticket one way
Car Service | 540 NPR | 810 NPR | 1,600 NPR |
Utility cost (monthly)
Utility Bill - Individual | 1,100 NPR | 3,300 NPR | 22,000 NPR |
Utility Bill - Couple | 1,500 NPR | 4,600 NPR | 25,000 NPR |
Utility Bill - Family | 1,300 NPR | 3,700 NPR | 20,000 NPR |
Internet and cable | 410 NPR | 810 NPR | 1,100 NPR |
Mobile phone charges | 320 NPR | 540 NPR | 1,600 NPR |
Leisure and activities costs
Movie ticket
One month gym membership | 650 NPR | 810 NPR | 1,600 NPR |
Cloths and accessories costs
Pair of jeans or pants | 480 NPR | 680 NPR | 1,000 NPR |
Woman dress | 450 NPR | 620 NPR | 2,000 NPR |
Woman shoes | 430 NPR | 580 NPR | 1,400 NPR |
Men's shoes
Men suit | 410 NPR | 510 NPR | 2,700 NPR |
Regular t-shirt Housing costs / monthly rent
Studio apartment | 6,800 NPR | 10,000 NPR | 27,000 NPR |
1-bedroom apartment | 10,000 NPR | 16,000 NPR | 41,000 NPR |
2-bedroom apartment | 14,000 NPR | 20,000 NPR | 54,000 NPR |
Housing costs / Buying
Studio apartment
1-bedroom apartment | 1.6M NPR | 2.7M NPR | 10M NPR |
2-bedroom apartment | 2.7M NPR | 8.1M NPR | 16M NPR |
Furniture Costs
King Size Bed | 8,100 NPR | 10,000 NPR | 14,000 NPR |
Double Bed | 5,400 NPR | 8,100 NPR | 10,000 NPR |
Single Bed | 4,800 NPR | 6,200 NPR | 8,100 NPR |
Living Room | 9,000 NPR | 12,000 NPR | 41,000 NPR |
Dining Table | 4,100 NPR | 5,400 NPR | 10,000 NPR |
Sofa or Couch | 5,400 NPR | 7,400 NPR | 16,000 NPR |
Electronics and House Appliance Costs
TV Set | 5,400 NPR | 8,100 NPR | 16,000 NPR |
Fridge or Freezer | 4,800 NPR | 7,400 NPR | 10,000 NPR |
Washing Machine | 6,200 NPR | 9,000 NPR | 16,000 NPR |
Stove or Cooker | 5,800 NPR | 7,400 NPR | 10,000 NPR |
Mobile Phone | 6,800 NPR | 8,100 NPR | 12,000 NPR |
Laptop or Computer | 7,400 NPR | 9,000 NPR | 16,000 NPR |
Expenditure to Income Ratio in Nepal
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
86%
78% to 94%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 5% |
| 50% - 60% | 10% |
| 60% - 70% | 16% |
| 70% - 80% | 25% |
| 80% - 90% | 18% |
| 90% - 100% | 10% |
| 100% - 110% | 6% |
| 110% - 120% | 4% |
| 120% - 130% | 3% |
| 130% - 140% | 2% |
| > 140% | 2% |
Interpretation and Analysis
The average spending-to-salary ratio in Nepal is 86%
This means that on average, people spend around 86% of their income for living.
According to the distribution table, 16% of the population spend approximately 60% to 70% of their income every month.
How can spending be more than income?
A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.
Individual
77%
Spending-Income-Ratio
70%
85%
Couple
82%
Spending-Income-Ratio
74%
89%
Family
90%
Spending-Income-Ratio
82%
99%
How do people spend their money in Nepal?
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 Expenditure25%
25% of total expenses on average (14% to 33%)
| LOW | $14 1,900 NPR |
| AVERAGE | $180 24,000 NPR |
| HIGH | $1,800 240,000 NPR |
| Per Month |
People living in Nepal typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 24,000 NPR with expenditure ranging from 1,900 NPR to 240,000 NPR. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.
Utilities, Electricity, Water7%
7% of total expenses on average (4% to 11%)
| LOW | $2.3 310 NPR |
| AVERAGE | $30 4,000 NPR |
| HIGH | $300 40,000 NPR |
| Per Month |
Utility expenditure like electricity, water, and gas in Nepal ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 4,000 NPR with 310 NPR and 40,000 NPR being the upper and lower limits.
Transport, Fuel, Commute7%
7% of total expenses on average (3% to 11%)
| LOW | $4.7 620 NPR |
| AVERAGE | $61 8,000 NPR |
| HIGH | $610 80,000 NPR |
| 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 620 NPR to 80,000 NPR on commuting with 8,000 NPR 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 | $12 1,500 NPR |
| AVERAGE | $150 20,000 NPR |
| HIGH | $1,500 200,000 NPR |
| Per Month |
The average outlay on groceries in a month in Nepal is 20,000 NPR. The cost of groceries can range between 1,500 NPR to 200,000 NPR. 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 | $3.3 430 NPR |
| AVERAGE | $42 5,600 NPR |
| HIGH | $420 56,000 NPR |
| Per Month |
People in Nepal 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 430 NPR to 56,000 NPR with 5,600 NPR being the norm.
Leisure and Shopping5%
5% of total expenses on average (2% to 9%)
| LOW | $1.9 250 NPR |
| AVERAGE | $24 3,200 NPR |
| HIGH | $240 32,000 NPR |
| 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 250 NPR to 32,000 NPR with 3,200 NPR 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 | $2.8 370 NPR |
| AVERAGE | $36 4,800 NPR |
| HIGH | $360 48,000 NPR |
| 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 4,800 NPR per month with 370 NPR being the minimum spent amount and 48,000 NPR being the maximum.
Other Expenses13%
13% of total expenses on average (8% to 20%)
| LOW | $6.1 800 NPR |
| AVERAGE | $79 10,000 NPR |
| HIGH | $790 100,000 NPR |
| Per Month |
How much money can you save in Nepal 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 Nepal manage to save money from their income every month?
Almost 59% of the surveyed people in Nepal said that they can save some money at the end of each month while 41% said that aren't saving anything.
Percentage of people saving money by population group in Nepal
| Group | Savers | Non Savers |
|---|
| Singles | 59% | 41% |
| Couples | 54% | 46% |
| Families | 49% | 51% |
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
1,900 NPR
$14 | 25,000 NPR
$190 | 250,000 NPR
$1,900 |
For most people, 11% to 31% of their monthly income is what they can allocate to their savings, with 18% being the average. The amount of money that people can save is approximately 25,000 NPR on average with savings ranging from 1,900 NPR to 250,000 NPR.
59% of surveyed singles reported some of their income going to savings while 54% of couples said the same. 49% of families confirmed their ability to save money.
How much money do people actually save in Nepal?
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
5,700 NPR
$43 | 17,000 NPR
$130 | 110,000 NPR
$860 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 30% |
| 10% - 20% | 24% |
| 20% - 30% | 16% |
| 30% - 40% | 15% |
| 40% - 50% | 11% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 14% to 33% of their monthly income to savings, with 22% being the average for most singles. The average amount of money that singles are able to save is 17,000 NPR with 5,700 NPR and 110,000 NPR being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
9,600 NPR
$72 | 29,000 NPR
$220 | 150,000 NPR
$1,200 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 34% |
| 10% - 20% | 26% |
| 20% - 30% | 19% |
| 30% - 40% | 10% |
| 40% - 50% | 8% |
| > 50% | 3% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 12% to 32% of their monthly income, with 20% being the average for most couples. The average amount of money that couples can save is 29,000 NPR with 9,600 NPR and 150,000 NPR being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
13,000 NPR
$100 | 38,000 NPR
$290 | 210,000 NPR
$1,600 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 37% |
| 10% - 20% | 29% |
| 20% - 30% | 20% |
| 30% - 40% | 7% |
| 40% - 50% | 5% |
| > 50% | 2% |
Interpretation and Analysis
Families in Nepal can save anywhere between 10% to 28% of their monthly income, with 17% being the average for most families. The average amount of money that families can put aside is 38,000 NPR with 13,000 NPR and 210,000 NPR 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 Nepal
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Nepal?
Around 53% of surveyed residents think that living in Nepal is affordable with proper budgeting while 47% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Nepal
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 Nepal 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 Nepal whether they have an emergency fund and the answers were as follows.
Yes53%
No47%
Based on the survey, 47% of the people living in Nepal said that they don't have an emergency fund while 53% said that they do.
Financial Literacy in Nepal
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 Nepal 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 Nepal have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 42% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 58% said that they have everything under control.
Struggles with finance42%
Easily manages finances58%
Financial goals of people in Nepal
In an attempt to understand the economic situation in Nepal, 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 | 39% |
| Retirement Savings | 9% |
| Education Funding | 7% |
| Homeownership | 18% |
| Investing | 7% |
| Travel or Lifestyle | 8% |
| Healthcare Expenses | 12% |
| Financial Independence | 6% |
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 39% said their number one priority is to pay off high-interest debt or loans and improve credit. 9% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 7% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 8% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 12% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Saving Challenges in Nepal
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Nepal. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 5% |
| High Expenses | 8% |
| Debt and Loans | 15% |
| Lack of Budgeting Skills | 11% |
| Impulsive Spending | 11% |
| Financial Emergencies | 7% |
| Living the moment | 6% |
| Will do it later | 19% |
| Inflation | 12% |
| 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. 15% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 11% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 19% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or societal expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.
Typical saving choices for people in Nepal
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 12% |
| Gold | 12% |
| Savings Accounts | 17% |
| Retirement Accounts | 10% |
| Cash Savings | 19% |
| Real Estate | 9% |
| Investment | 5% |
| Stocks | 5% |
| Bonds | 5% |
| Mutual Funds | 2% |
| Certificates of Deposit | 3% |
Retirement, pension plans, and life after work in Nepal
What does the retirement lifestyle look like in Nepal and how much retirement savings are required?
Retirement age
The retirement age for most employees in Nepal 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 Nepal:| Age | Amount |
|---|
| 25 | 210,000 NPR |
| 30 | 420,000 NPR |
| 35 | 740,000 NPR |
| 40 | 1.1M NPR |
| 45 | 1.6M NPR |
| 50 | 2.2M NPR |
| 55 | 2.6M NPR |
| 60 | 3.3M NPR |
| 65 | 3.9M NPR |
Retirement Income Distribution
We asked residents of Nepal 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 | 13% |
| Real Estate | 18% |
| Dividends and Interest | 7% |
Retirement Monthly Expenses in Nepal 14,000 NPR
$100 | 41,000 NPR
$310 | 270,000 NPR
$2,100 |
Debt, loans, and mortgages in Nepal
Percentage of people who are in debt
According to the survey, 27% of the people in Nepal 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 Nepal
Debt to income ratio
31%
22% 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 Nepal goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 15% |
| 40% - 50% | 13% |
| 30% - 40% | 15% |
| 20% - 30% | 12% |
| 10% - 20% | 15% |
| 0% - 10% | 26% |
According to our data, 3% of the debtors in Nepal pay 60%+ of their income as debt settlement while 15% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 13% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 15% dedicated 30% to 40% of income for same. Things are looking brighter for 12% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Nepal
| Debt | % People |
|---|
| Real Estate Mortgage | 10% |
| Auto Loan | 18% |
| Student Loan | 4% |
| Credit Card | 28% |
| Personal Loan | 40% |
10% of debtors in Nepal confirm that real estate mortgages constitutes the main part of their outstanding debt while 28% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 18% of people and personal loans rose at 40%. Lastly, student loans are the main source of debt for 4% of debtors in Nepal.
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 Nepal
Besides measuring the loan-to-income ratio, we asked residents of Nepal 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 | 52% |
| Once a year | 23% |
| Twice a year | 12% |
| Three times a year | 9% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Nepal
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Nepal
Monthly Rent Prices
Studio apartment | 6,800 NPR | 10,000 NPR | 27,000 NPR |
1-bedroom apartment | 10,000 NPR | 16,000 NPR | 41,000 NPR |
2-bedroom apartment | 14,000 NPR | 20,000 NPR | 54,000 NPR |
3-bedroom apartment | 16,000 NPR | 27,000 NPR | 74,000 NPR |
Furnished apartment | 32,000 NPR | 81,000 NPR | 160,000 NPR |
Townhouse | 27,000 NPR | 41,000 NPR | 120,000 NPR |
House | 32,000 NPR | 81,000 NPR | 160,000 NPR |
Villa | 41,000 NPR | 100,000 NPR | 160,000 NPR |
The monthly rental cost of a studio apartment in Nepal ranges between 6,800 NPR and 27,000 NPR, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 10,000 NPR to 41,000 NPR. Two-bedroom rentals rate ranges between 14,000 NPR and 54,000 NPR per month. The monthly rental for a three-bedroom apartment ranges from 16,000 NPR to 74,000 NPR. The average rent of a townhouse in Nepal is around 41,000 NPR while house rental costs can be as high as 81,000 NPR per month. Finally, if you want to rent a villa, expect to pay anywhere from 41,000 NPR to 160,000 NPR per month.
Apartment and house prices in Nepal
Cost of buying a property
Studio apartment
1-bedroom apartment | 1.6M NPR | 2.7M NPR | 10M NPR |
2-bedroom apartment | 2.7M NPR | 8.1M NPR | 16M NPR |
3-bedroom apartment | $68,000 | $100,000 | $310,000 |
Townhouse | $87,000 | $200,000 | $760,000 |
House | $100,000 | $610,000 | $870,000 |
Villa The average price of a studio apartment in Nepal can range from 1.4M NPR to 4.1M NPR depending on location. One bedroom cost can be anywhere from 1.6M NPR to 10M NPR. A villa can cost you 90M NPR on average with prices ranging from 16M NPR to 140M NPR.
If you're leasing or purchasing, housing costs in Nepal 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
| 34 | x98 monthly income | 199 |
Property prices in Nepal can be x98 to x199 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x98 multiples of the average monthly salary in Nepal.
Rent to income ratio
Rent to income ratio( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Nepal is around 30%. This means that people pay 30% of their income for rent. Those figures can range from 20% to 40% 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.
| 120 NPR | 1,600 NPR | 16,000 NPR |
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 Nepal
Housing31%
31% of total expenses on average (19% to 43%)
| LOW | $50 6,700 NPR |
| AVERAGE | $150 20,000 NPR |
| HIGH | $1,000 130,000 NPR |
| Per Month |
Utilities, Electricity, Water8%
8% of total expenses on average (4% to 13%)
| LOW | $8.4 1,100 NPR |
| AVERAGE | $25 3,300 NPR |
| HIGH | $170 22,000 NPR |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (3% to 11%)
| LOW | $11 1,500 NPR |
| AVERAGE | $34 4,500 NPR |
| HIGH | $220 30,000 NPR |
| Per Month |
Food and Groceries19%
19% of total expenses on average (13% to 24%)
| LOW | $22 3,000 NPR |
| AVERAGE | $67 8,900 NPR |
| HIGH | $450 59,000 NPR |
| Per Month |
Healthcare12%
12% of total expenses on average (6% to 16%)
| LOW | $13 1,700 NPR |
| AVERAGE | $38 5,000 NPR |
| HIGH | $250 33,000 NPR |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 6%)
| LOW | $7 930 NPR |
| AVERAGE | $21 2,800 NPR |
| HIGH | $140 19,000 NPR |
| Per Month |
Education1%
1% of total expenses on average (0.00% to 3%)
| LOW | $2.8 370 NPR |
| AVERAGE | $8.4 1,100 NPR |
| HIGH | $56 7,400 NPR |
| Per Month |
Other Expenses21%
21% of total expenses on average (13% to 25%)
| LOW | $25 3,300 NPR |
| AVERAGE | $76 10,000 NPR |
| HIGH | $500 67,000 NPR |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Nepal
Housing28%
28% of total expenses on average (21% to 38%)
| LOW | $77 10,000 NPR |
| AVERAGE | $230 31,000 NPR |
| HIGH | $1,200 160,000 NPR |
| Per Month |
Utilities, Electricity, Water7%
7% of total expenses on average (5% to 11%)
| LOW | $12 1,500 NPR |
| AVERAGE | $35 4,600 NPR |
| HIGH | $190 25,000 NPR |
| Per Month |
Transport, Fuel9%
9% of total expenses on average (3% to 14%)
| LOW | $28 3,700 NPR |
| AVERAGE | $84 11,000 NPR |
| HIGH | $450 59,000 NPR |
| Per Month |
Food and Groceries17%
17% of total expenses on average (12% to 22%)
| LOW | $33 4,300 NPR |
| AVERAGE | $98 13,000 NPR |
| HIGH | $520 69,000 NPR |
| Per Month |
Healthcare14%
14% of total expenses on average (8% to 18%)
| LOW | $26 3,400 NPR |
| AVERAGE | $77 10,000 NPR |
| HIGH | $410 54,000 NPR |
| Per Month |
Leisure, Shopping4%
4% of total expenses on average (1% to 7%)
| LOW | $14 1,900 NPR |
| AVERAGE | $42 5,600 NPR |
| HIGH | $220 30,000 NPR |
| Per Month |
Education1%
1% of total expenses on average (0.00% to 3%)
| LOW | $4.7 620 NPR |
| AVERAGE | $14 1,900 NPR |
| HIGH | $75 9,900 NPR |
| Per Month |
Other Expenses20%
20% of total expenses on average (14% to 26%)
| LOW | $40 5,300 NPR |
| AVERAGE | $120 16,000 NPR |
| HIGH | $630 84,000 NPR |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Nepal
Housing27%
27% of total expenses on average (22% to 37%)
| LOW | $100 14,000 NPR |
| AVERAGE | $300 40,000 NPR |
| HIGH | $1,600 220,000 NPR |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (3% to 7%)
| LOW | $26 3,500 NPR |
| AVERAGE | $75 9,900 NPR |
| HIGH | $410 54,000 NPR |
| Per Month |
Food and Groceries21%
21% of total expenses on average (14% to 27%)
| LOW | $59 7,800 NPR |
| AVERAGE | $170 22,000 NPR |
| HIGH | $920 120,000 NPR |
| Per Month |
Healthcare11%
11% of total expenses on average (7% to 16%)
| LOW | $26 3,500 NPR |
| AVERAGE | $75 9,900 NPR |
| HIGH | $410 54,000 NPR |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (1% to 7%)
| LOW | $16 2,200 NPR |
| AVERAGE | $47 6,200 NPR |
| HIGH | $260 34,000 NPR |
| Per Month |
Education13%
13% of total expenses on average (6% to 21%)
| LOW | $46 6,100 NPR |
| AVERAGE | $130 17,000 NPR |
| HIGH | $720 95,000 NPR |
| Per Month |
Other Expenses15%
15% of total expenses on average (8% to 20%)
| LOW | $39 5,200 NPR |
| AVERAGE | $110 15,000 NPR |
| HIGH | $620 82,000 NPR |
| Per Month |
StudentCost of living and expenses break down for students living in Nepal
Housing19%
19% of total expenses on average (14% to 25%)
| LOW | $26 3,500 NPR |
| AVERAGE | $66 8,800 NPR |
| HIGH | $120 16,000 NPR |
| Per Month |
Utilities, Electricity, Water6%
6% of total expenses on average (4% to 10%)
| LOW | $4.4 580 NPR |
| AVERAGE | $11 1,500 NPR |
| HIGH | $20 2,600 NPR |
| Per Month |
Transport, Fuel4%
4% of total expenses on average (4% to 10%)
| LOW | $7.7 1,000 NPR |
| AVERAGE | $19 2,600 NPR |
| HIGH | $35 4,600 NPR |
| Per Month |
Food and Groceries23%
23% of total expenses on average (17% to 27%)
| LOW | $22 2,900 NPR |
| AVERAGE | $55 7,300 NPR |
| HIGH | $99 13,000 NPR |
| Per Month |
Healthcare9%
9% of total expenses on average (6% to 12%)
| LOW | $6.6 880 NPR |
| AVERAGE | $16 2,200 NPR |
| HIGH | $30 3,900 NPR |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $5.5 730 NPR |
| AVERAGE | $14 1,800 NPR |
| HIGH | $25 3,300 NPR |
| Per Month |
Education18%
18% of total expenses on average (11% to 23%)
| LOW | $21 2,800 NPR |
| AVERAGE | $52 6,900 NPR |
| HIGH | $94 12,000 NPR |
| Per Month |
Other Expenses18%
18% of total expenses on average (12% to 24%)
| LOW | $16 2,200 NPR |
| AVERAGE | $41 5,500 NPR |
| HIGH | $74 9,800 NPR |
| Per Month |
