Cost Of Living in Rostov-on-Don 2024
Average monthly spending for singles, couples, students, and families in Rostov-on-Don
Whether you're living in Rostov-on-Don 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 Expenditure110,000 RUB
per month$1,2008,100 RUB $89
$12,000 1.1M RUB
Single73,000 RUB
per month$80024,000 RUB $270
$5,300 490,000 RUB
Couple120,000 RUB
per month$1,30040,000 RUB $450
$7,100 650,000 RUB
Family160,000 RUB
per month$1,80057,000 RUB $620
$9,800 890,000 RUB
Student49,000 RUB
per month$54020,000 RUB $220
$970 88,000 RUB
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Rostov-on-Don is 73,000 RUB. Expenses can range from 24,000 RUB at the minimum level to 490,000 RUB at the highest end.
Couples
The average monthly spending of couples in Rostov-on-Don is 120,000 RUB. Expenditure can range from 40,000 RUB to 650,000 RUB per month.
Families
The average cost of living for families in Rostov-on-Don is 160,000 RUB per month. Families spend anywhere from 57,000 RUB to 890,000 RUB.
Students
The average monthly expenditure for students in Rostov-on-Don is 49,000 RUB. Students spend from 20,000 RUB to 88,000 RUB per month.
Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.
Prices and cost of goods and services in Rostov-on-Don
Dining, food, and beverages costs
Large bottle of water
Fast food combo meal
Restaurant meal for one | 360 RUB | 530 RUB | 1,100 RUB |
Fine dining meal for one | 710 RUB | 1,100 RUB | 4,300 RUB |
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 | 520 RUB | 700 RUB | 1,400 RUB |
Average car 1-day rental | 540 RUB | 730 RUB | 1,100 RUB |
Average car price | 260,000 RUB | 520,000 RUB | 700,000 RUB |
Bus ticket one way
Car Service | 730 RUB | 1,100 RUB | 2,200 RUB |
Utility cost (monthly)
Utility Bill - Individual | 1,500 RUB | 4,400 RUB | 29,000 RUB |
Utility Bill - Couple | 2,000 RUB | 6,100 RUB | 32,000 RUB |
Utility Bill - Family | 1,700 RUB | 4,900 RUB | 27,000 RUB |
Internet and cable | 520 RUB | 1,000 RUB | 1,400 RUB |
Mobile phone charges | 420 RUB | 700 RUB | 2,100 RUB |
Leisure and activities costs
Movie ticket
One month gym membership | 870 RUB | 1,100 RUB | 2,200 RUB |
Cloths and accessories costs
Pair of jeans or pants | 640 RUB | 910 RUB | 1,400 RUB |
Woman dress | 600 RUB | 840 RUB | 2,700 RUB |
Woman shoes | 570 RUB | 780 RUB | 1,800 RUB |
Men's shoes | 490 RUB | 600 RUB | 1,200 RUB |
Men suit | 540 RUB | 680 RUB | 3,600 RUB |
Regular t-shirt | 270 RUB | 360 RUB | 1,100 RUB |
Housing costs / monthly rent
Studio apartment | 9,100 RUB | 14,000 RUB | 36,000 RUB |
1-bedroom apartment | 14,000 RUB | 22,000 RUB | 54,000 RUB |
2-bedroom apartment | 18,000 RUB | 27,000 RUB | 73,000 RUB |
Housing costs / Buying
Studio apartment | 1.8M RUB | 2.7M RUB | 5.4M RUB |
1-bedroom apartment | 2.2M RUB | 3.6M RUB | 14M RUB |
2-bedroom apartment | $40,000 | $120,000 | $240,000 |
Furniture Costs
King Size Bed | 10,000 RUB | 13,000 RUB | 17,000 RUB |
Double Bed | 7,000 RUB | 10,000 RUB | 13,000 RUB |
Single Bed | 6,200 RUB | 8,000 RUB | 10,000 RUB |
Living Room | 12,000 RUB | 15,000 RUB | 52,000 RUB |
Dining Table | 5,200 RUB | 7,000 RUB | 13,000 RUB |
Sofa or Couch | 7,000 RUB | 9,500 RUB | 21,000 RUB |
Electronics and House Appliance Costs
TV Set | 7,000 RUB | 10,000 RUB | 21,000 RUB |
Fridge or Freezer | 6,200 RUB | 9,500 RUB | 13,000 RUB |
Washing Machine | 8,000 RUB | 12,000 RUB | 21,000 RUB |
Stove or Cooker | 7,500 RUB | 9,500 RUB | 13,000 RUB |
Mobile Phone | 8,700 RUB | 10,000 RUB | 15,000 RUB |
Laptop or Computer | 9,500 RUB | 12,000 RUB | 21,000 RUB |
Expenditure to Income Ratio in Rostov-on-Don
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
88%
79% to 97%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 5% |
| 50% - 60% | 10% |
| 60% - 70% | 16% |
| 70% - 80% | 25% |
| 80% - 90% | 19% |
| 90% - 100% | 10% |
| 100% - 110% | 6% |
| 110% - 120% | 4% |
| 120% - 130% | 3% |
| 130% - 140% | 2% |
| > 140% | 2% |
Interpretation and Analysis
The average spending-to-salary ratio in Rostov-on-Don is 88%
This means that on average, people spend around 88% 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
79%
Spending-Income-Ratio
72%
88%
Couple
83%
Spending-Income-Ratio
75%
92%
Family
92%
Spending-Income-Ratio
83%
100%
How do people spend their money in Rostov-on-Don?
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 | $27 2,400 RUB |
| AVERAGE | $350 32,000 RUB |
| HIGH | $3,500 320,000 RUB |
| Per Month |
People living in Rostov-on-Don typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 32,000 RUB with expenditure ranging from 2,400 RUB to 320,000 RUB. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.
Utilities, Electricity, Water7%
7% of total expenses on average (4% to 11%)
| LOW | $4.5 400 RUB |
| AVERAGE | $58 5,300 RUB |
| HIGH | $580 53,000 RUB |
| Per Month |
Utility expenditure like electricity, water, and gas in Rostov-on-Don ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 5,300 RUB with 400 RUB and 53,000 RUB being the upper and lower limits.
Transport, Fuel, Commute7%
7% of total expenses on average (3% to 11%)
| LOW | $8.9 810 RUB |
| AVERAGE | $120 11,000 RUB |
| HIGH | $1,200 110,000 RUB |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 810 RUB to 110,000 RUB on commuting with 11,000 RUB being the norm for most people in one month. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 3% or as high as 11%.
Food and Groceries Cost28%
28% of total expenses on average (20% to 34%)
| LOW | $22 2,000 RUB |
| AVERAGE | $290 26,000 RUB |
| HIGH | $2,900 260,000 RUB |
| Per Month |
The average outlay on groceries in a month in Rostov-on-Don is 26,000 RUB. The cost of groceries can range between 2,000 RUB to 260,000 RUB. People spend on average about 28% on food and groceries with upper and lower bounds of 20% and 34% respectively.
Healthcare and Medical Services10%
10% of total expenses on average (5% to 13%)
| LOW | $6.2 570 RUB |
| AVERAGE | $81 7,400 RUB |
| HIGH | $810 74,000 RUB |
| Per Month |
People in Rostov-on-Don 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 570 RUB to 74,000 RUB with 7,400 RUB being the norm.
Leisure and Shopping5%
5% of total expenses on average (2% to 9%)
| LOW | $3.6 320 RUB |
| AVERAGE | $46 4,200 RUB |
| HIGH | $460 42,000 RUB |
| Per Month |
This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 320 RUB to 42,000 RUB with 4,200 RUB being the average. Speaking of percentages, that equates to 2% to 9% of total expenses with an average of 5% for most residents.
Education and Schooling5%
5% of total expenses on average (3% to 11%)
| LOW | $5.3 490 RUB |
| AVERAGE | $69 6,300 RUB |
| HIGH | $690 63,000 RUB |
| Per Month |
Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 6,300 RUB per month with 490 RUB being the minimum spent amount and 63,000 RUB being the maximum.
Other Expenses13%
13% of total expenses on average (8% to 20%)
| LOW | $12 1,100 RUB |
| AVERAGE | $150 14,000 RUB |
| HIGH | $1,500 140,000 RUB |
| Per Month |
How much money can you save in Rostov-on-Don 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 Rostov-on-Don manage to save money from their income every month?
Almost 63% of the surveyed people in Rostov-on-Don said that they can save some money at the end of each month while 37% said that aren't saving anything.
Percentage of people saving money by population group in Rostov-on-Don
| Group | Savers | Non Savers |
|---|
| Singles | 67% | 33% |
| Couples | 62% | 38% |
| Families | 57% | 44% |
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
2,800 RUB
$31 | 36,000 RUB
$400 | 360,000 RUB
$4,000 |
For most people, 13% to 33% of their monthly income is what they can allocate to their savings, with 21% being the average. The amount of money that people can save is approximately 36,000 RUB on average with savings ranging from 2,800 RUB to 360,000 RUB.
67% of surveyed singles reported some of their income going to savings while 62% of couples said the same. 57% of families confirmed their ability to save money.
How much money do people actually save in Rostov-on-Don?
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
8,400 RUB
$92 | 25,000 RUB
$280 | 170,000 RUB
$1,800 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 31% |
| 10% - 20% | 24% |
| 20% - 30% | 16% |
| 30% - 40% | 14% |
| 40% - 50% | 11% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 16% to 36% of their monthly income to savings, with 25% being the average for most singles. The average amount of money that singles are able to save is 25,000 RUB with 8,400 RUB and 170,000 RUB being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
14,000 RUB
$150 | 42,000 RUB
$460 | 220,000 RUB
$2,500 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 35% |
| 10% - 20% | 26% |
| 20% - 30% | 19% |
| 30% - 40% | 9% |
| 40% - 50% | 8% |
| > 50% | 3% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 14% to 35% of their monthly income, with 23% being the average for most couples. The average amount of money that couples can save is 42,000 RUB with 14,000 RUB and 220,000 RUB being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
20,000 RUB
$210 | 56,000 RUB
$610 | 310,000 RUB
$3,400 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 38% |
| 10% - 20% | 29% |
| 20% - 30% | 20% |
| 30% - 40% | 6% |
| 40% - 50% | 5% |
| > 50% | 2% |
Interpretation and Analysis
Families in Rostov-on-Don can save anywhere between 12% to 30% of their monthly income, with 20% being the average for most families. The average amount of money that families can put aside is 56,000 RUB with 20,000 RUB and 310,000 RUB being the minimum and maximum respectively.
A typical and healthy budgeting structure
The 50/30/20 rule
Spending among different people can vary significantly based on factors such as their income, lifestyle,
location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule,
which suggests allocating your income into three main categories in the following percentages.
50% for needs and financial obligations
This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.
30% for wants and discretionary spending
This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.
20% for savings and emergency fund
This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.
About financial planning, money management, and household budgeting
The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.
Affordable living in Rostov-on-Don
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Rostov-on-Don?
Around 64% of surveyed residents think that living in Rostov-on-Don is affordable with proper budgeting while 36% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Rostov-on-Don
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 options61%
Few low-cost options39%
Based on the survey, 61% of the people living in Rostov-on-Don have no problem finding low-cost alternatives to support a frugal lifestyle while 39% 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 Rostov-on-Don whether they have an emergency fund and the answers were as follows.
Yes62%
No38%
Based on the survey, 38% of the people living in Rostov-on-Don said that they don't have an emergency fund while 62% said that they do.
Financial Literacy in Russia
Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.
Financial Leteracy56%
We asked residents of Russia whether they acquired any adequate personal financial training in their lives. Approximately 44% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 56% said that they know about the general principles of personal finance from sources other than their own experience.
Difficulty in Budgeting and Financial Planning
We wanted to understand whether residents of Russia have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 40% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 60% said that they have everything under control.
Struggles with finance40%
Easily manages finances60%
Financial goals of people in Rostov-on-Don
In an attempt to understand the economic situation in Rostov-on-Don, 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 Rostov-on-Don
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Rostov-on-Don. 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 | 20% |
| 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. 20% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or societal expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.
Typical saving choices for people in Rostov-on-Don
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 Rostov-on-Don
What does the retirement lifestyle look like in Rostov-on-Don and how much retirement savings are required?
Retirement age
The retirement age for most employees in Russia is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.
Retirement planning and savings
There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.
The typical saved amount of money you should have at every age as multiples of monthly salary:| 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 Rostov-on-Don:| Age | Amount |
|---|
| 25 | 280,000 RUB |
| 30 | 570,000 RUB |
| 35 | 990,000 RUB |
| 40 | 1.4M RUB |
| 45 | 2.1M RUB |
| 50 | 3M RUB |
| 55 | 3.5M RUB |
| 60 | 4.4M RUB |
| 65 | 5.2M RUB |
Retirement Income Distribution
We asked residents of Rostov-on-Don 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 Rostov-on-Don 18,000 RUB
$200 | 53,000 RUB
$590 | 350,000 RUB
$3,900 |
Debt, loans, and mortgages in Rostov-on-Don
Percentage of people who are in debt
According to the survey, 29% of the people in Rostov-on-Don have some kind of debt, loan, mortgage, or credit card payments while 71% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Rostov-on-Don
Debt to income ratio
30%
21% to 40%
( 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 30% of the people's monthly income in Rostov-on-Don goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 16% |
| 40% - 50% | 13% |
| 30% - 40% | 15% |
| 20% - 30% | 12% |
| 10% - 20% | 14% |
| 0% - 10% | 26% |
According to our data, 3% of the debtors in Rostov-on-Don pay 60%+ of their income as debt settlement while 16% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 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 Rostov-on-Don
| Debt | % People |
|---|
| Real Estate Mortgage | 10% |
| Auto Loan | 17% |
| Student Loan | 4% |
| Credit Card | 28% |
| Personal Loan | 41% |
10% of debtors in Rostov-on-Don confirm that real estate mortgages constitutes the main part of their outstanding debt while 28% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 17% of people and personal loans rose at 41%. Lastly, student loans are the main source of debt for 4% of debtors in Rostov-on-Don.
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 Rostov-on-Don
Besides measuring the loan-to-income ratio, we asked residents of Rostov-on-Don 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 Rostov-on-Don
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Rostov-on-Don
Monthly Rent Prices
Studio apartment | 9,100 RUB | 14,000 RUB | 36,000 RUB |
1-bedroom apartment | 14,000 RUB | 22,000 RUB | 54,000 RUB |
2-bedroom apartment | 18,000 RUB | 27,000 RUB | 73,000 RUB |
3-bedroom apartment | 22,000 RUB | 36,000 RUB | 99,000 RUB |
Furnished apartment | 44,000 RUB | 110,000 RUB | 220,000 RUB |
Townhouse | 36,000 RUB | 54,000 RUB | 160,000 RUB |
House | 44,000 RUB | 110,000 RUB | 220,000 RUB |
Villa | 54,000 RUB | 140,000 RUB | 220,000 RUB |
The monthly rental cost of a studio apartment in Rostov-on-Don ranges between 9,100 RUB and 36,000 RUB, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 14,000 RUB to 54,000 RUB. Two-bedroom rentals rate ranges between 18,000 RUB and 73,000 RUB per month. The monthly rental for a three-bedroom apartment ranges from 22,000 RUB to 99,000 RUB. The average rent of a townhouse in Rostov-on-Don is around 54,000 RUB while house rental costs can be as high as 110,000 RUB per month. Finally, if you want to rent a villa, expect to pay anywhere from 54,000 RUB to 220,000 RUB per month.
Apartment and house prices in Rostov-on-Don
Cost of buying a property
Studio apartment | 1.8M RUB | 2.7M RUB | 5.4M RUB |
1-bedroom apartment | 2.2M RUB | 3.6M RUB | 14M RUB |
2-bedroom apartment | $40,000 | $120,000 | $240,000 |
3-bedroom apartment | $130,000 | $200,000 | $600,000 |
Townhouse
House | 18M RUB | 110M RUB | 160M RUB |
Villa | 22M RUB | 120M RUB | 180M RUB |
The average price of a studio apartment in Rostov-on-Don can range from 1.8M RUB to 5.4M RUB depending on location. One bedroom cost can be anywhere from 2.2M RUB to 14M RUB. A villa can cost you 120M RUB on average with prices ranging from 22M RUB to 180M RUB.
If you're leasing or purchasing, housing costs in Rostov-on-Don 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
| 41 | x119 monthly income | 217 |
Property prices in Rostov-on-Don can be x119 to x217 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x119 multiples of the average monthly salary in Rostov-on-Don.
Rent to income ratio
Rent to income ratio( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Rostov-on-Don is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 22% to 43% 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
30% 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.
| 160 RUB | 2,100 RUB | 21,000 RUB |
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 Rostov-on-Don
Housing31%
31% of total expenses on average (19% to 43%)
| LOW | $96 8,700 RUB |
| AVERAGE | $290 26,000 RUB |
| HIGH | $1,900 170,000 RUB |
| Per Month |
Utilities, Electricity, Water8%
8% of total expenses on average (4% to 13%)
| LOW | $16 1,500 RUB |
| AVERAGE | $48 4,400 RUB |
| HIGH | $320 29,000 RUB |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (3% to 11%)
| LOW | $21 1,900 RUB |
| AVERAGE | $64 5,800 RUB |
| HIGH | $430 39,000 RUB |
| Per Month |
Food and Groceries19%
19% of total expenses on average (13% to 24%)
| LOW | $43 3,900 RUB |
| AVERAGE | $130 12,000 RUB |
| HIGH | $860 78,000 RUB |
| Per Month |
Healthcare12%
12% of total expenses on average (6% to 16%)
| LOW | $24 2,200 RUB |
| AVERAGE | $72 6,600 RUB |
| HIGH | $480 44,000 RUB |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 6%)
| LOW | $13 1,200 RUB |
| AVERAGE | $40 3,600 RUB |
| HIGH | $270 24,000 RUB |
| Per Month |
Education1%
1% of total expenses on average (0.00% to 3%)
| LOW | $5.3 490 RUB |
| AVERAGE | $16 1,500 RUB |
| HIGH | $110 9,700 RUB |
| Per Month |
Other Expenses21%
21% of total expenses on average (13% to 25%)
| LOW | $48 4,400 RUB |
| AVERAGE | $140 13,000 RUB |
| HIGH | $960 87,000 RUB |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Rostov-on-Don
Housing28%
28% of total expenses on average (21% to 38%)
| LOW | $150 13,000 RUB |
| AVERAGE | $440 40,000 RUB |
| HIGH | $2,400 210,000 RUB |
| Per Month |
Utilities, Electricity, Water7%
7% of total expenses on average (5% to 11%)
| LOW | $22 2,000 RUB |
| AVERAGE | $67 6,100 RUB |
| HIGH | $360 32,000 RUB |
| Per Month |
Transport, Fuel9%
9% of total expenses on average (3% to 14%)
| LOW | $53 4,900 RUB |
| AVERAGE | $160 15,000 RUB |
| HIGH | $860 78,000 RUB |
| Per Month |
Food and Groceries17%
17% of total expenses on average (12% to 22%)
| LOW | $62 5,700 RUB |
| AVERAGE | $190 17,000 RUB |
| HIGH | $1,000 91,000 RUB |
| Per Month |
Healthcare14%
14% of total expenses on average (8% to 18%)
| LOW | $49 4,400 RUB |
| AVERAGE | $150 13,000 RUB |
| HIGH | $780 71,000 RUB |
| Per Month |
Leisure, Shopping4%
4% of total expenses on average (1% to 7%)
| LOW | $27 2,400 RUB |
| AVERAGE | $80 7,300 RUB |
| HIGH | $430 39,000 RUB |
| Per Month |
Education1%
1% of total expenses on average (0.00% to 3%)
| LOW | $8.9 810 RUB |
| AVERAGE | $27 2,400 RUB |
| HIGH | $140 13,000 RUB |
| Per Month |
Other Expenses20%
20% of total expenses on average (14% to 26%)
| LOW | $76 6,900 RUB |
| AVERAGE | $230 21,000 RUB |
| HIGH | $1,200 110,000 RUB |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Rostov-on-Don
Housing27%
27% of total expenses on average (22% to 37%)
| LOW | $200 18,000 RUB |
| AVERAGE | $570 52,000 RUB |
| HIGH | $3,100 280,000 RUB |
| Per Month |
Transport, Fuel5%
5% of total expenses on average (3% to 7%)
| LOW | $50 4,500 RUB |
| AVERAGE | $140 13,000 RUB |
| HIGH | $780 71,000 RUB |
| Per Month |
Food and Groceries21%
21% of total expenses on average (14% to 27%)
| LOW | $110 10,000 RUB |
| AVERAGE | $320 29,000 RUB |
| HIGH | $1,800 160,000 RUB |
| Per Month |
Healthcare11%
11% of total expenses on average (7% to 16%)
| LOW | $50 4,500 RUB |
| AVERAGE | $140 13,000 RUB |
| HIGH | $780 71,000 RUB |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (1% to 7%)
| LOW | $31 2,800 RUB |
| AVERAGE | $89 8,100 RUB |
| HIGH | $490 44,000 RUB |
| Per Month |
Education13%
13% of total expenses on average (6% to 21%)
| LOW | $87 7,900 RUB |
| AVERAGE | $250 23,000 RUB |
| HIGH | $1,400 120,000 RUB |
| Per Month |
Other Expenses15%
15% of total expenses on average (8% to 20%)
| LOW | $75 6,800 RUB |
| AVERAGE | $210 19,000 RUB |
| HIGH | $1,200 110,000 RUB |
| Per Month |
StudentCost of living and expenses break down for students living in Rostov-on-Don
Housing19%
19% of total expenses on average (14% to 25%)
| LOW | $52 4,700 RUB |
| AVERAGE | $130 12,000 RUB |
| HIGH | $230 21,000 RUB |
| Per Month |
Utilities, Electricity, Water6%
6% of total expenses on average (4% to 10%)
| LOW | $8.6 780 RUB |
| AVERAGE | $22 2,000 RUB |
| HIGH | $39 3,500 RUB |
| Per Month |
Transport, Fuel4%
4% of total expenses on average (4% to 10%)
| LOW | $15 1,400 RUB |
| AVERAGE | $38 3,400 RUB |
| HIGH | $68 6,200 RUB |
| Per Month |
Food and Groceries23%
23% of total expenses on average (17% to 27%)
| LOW | $43 3,900 RUB |
| AVERAGE | $110 9,800 RUB |
| HIGH | $190 18,000 RUB |
| Per Month |
Healthcare9%
9% of total expenses on average (6% to 12%)
| LOW | $13 1,200 RUB |
| AVERAGE | $32 2,900 RUB |
| HIGH | $58 5,300 RUB |
| Per Month |
Leisure, Shopping3%
3% of total expenses on average (2% to 7%)
| LOW | $11 980 RUB |
| AVERAGE | $27 2,400 RUB |
| HIGH | $49 4,400 RUB |
| Per Month |
Education18%
18% of total expenses on average (11% to 23%)
| LOW | $41 3,700 RUB |
| AVERAGE | $100 9,300 RUB |
| HIGH | $180 17,000 RUB |
| Per Month |
Other Expenses18%
18% of total expenses on average (12% to 24%)
| LOW | $32 2,900 RUB |
| AVERAGE | $81 7,300 RUB |
| HIGH | $150 13,000 RUB |
| Per Month |
