Cost Of Living in Sichuan 2025

cost of living chart - average monthly expenditure in Sichuan

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

Whether you're living in Sichuan or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: CNY
1,200 16,000 160,000
MINIMUM AVERAGE MAXIMUM
$170 $2,200 $22,000

Monthly Expenditure ▶ Single

Currency: CNY
1,600 11,000 74,000
MINIMUM AVERAGE MAXIMUM
$220 $1,500 $10,000

Monthly Expenditure ▶ Couple

Currency: CNY
6,100 18,000 98,000
MINIMUM AVERAGE MAXIMUM
$850 $2,600 $14,000

Monthly Expenditure ▶ Family

Currency: CNY
8,600 25,000 160,000
MINIMUM AVERAGE MAXIMUM
$1,200 $3,400 $22,000

Monthly Expenditure ▶ Student

Currency: CNY
1,200 8,000 54,000
MINIMUM AVERAGE MAXIMUM
$170 $1,100 $7,400


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

Housing costs for Student19%

19% of total expenses on average (14% to 25%)

LOW$41   290 CNY
AVERAGE$270   1,900 CNY
HIGH$1,800   13,000 CNY
Per Month

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

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

LOW$6.8   49 CNY
AVERAGE$45   320 CNY
HIGH$300   2,100 CNY
Per Month

Transport and Fuel Cost4%

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

LOW$12   86 CNY
AVERAGE$78   560 CNY
HIGH$520   3,800 CNY
Per Month

Food and Groceries Expenditure23%

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

LOW$34   250 CNY
AVERAGE$220   1,600 CNY
HIGH$1,500   11,000 CNY
Per Month

Healthcare Cost9%

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

LOW$10   74 CNY
AVERAGE$67   480 CNY
HIGH$450   3,200 CNY
Per Month

Leisure and Shopping Cost3%

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

LOW$8.5   61 CNY
AVERAGE$56   400 CNY
HIGH$370   2,700 CNY
Per Month

Education Cost18%

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

LOW$32   230 CNY
AVERAGE$210   1,500 CNY
HIGH$1,400   10,000 CNY
Per Month

Other Expenses18%

18% of total expenses on average (12% to 24%)

LOW$26   180 CNY
AVERAGE$170   1,200 CNY
HIGH$1,100   8,000 CNY
Per Month


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

Housing cost for a family27%

27% of total expenses on average (22% to 37%)

LOW$380   2,700 CNY
AVERAGE$1,100   7,800 CNY
HIGH$7,100   51,000 CNY
Per Month

Utilities, Electricity, Water, Internet, Mobile5%

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

LOW$60   430 CNY
AVERAGE$170   1,200 CNY
HIGH$1,100   8,000 CNY
Per Month

Transport and Fuel Expenses5%

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

LOW$120   860 CNY
AVERAGE$340   2,500 CNY
HIGH$2,200   16,000 CNY
Per Month

Food and Groceries Cost21%

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

LOW$210   1,500 CNY
AVERAGE$610   4,400 CNY
HIGH$4,000   29,000 CNY
Per Month

Healthcare Expenses11%

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

LOW$110   770 CNY
AVERAGE$340   2,500 CNY
HIGH$1,800   13,000 CNY
Per Month

Leisure and Shopping Cost3%

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

LOW$60   430 CNY
AVERAGE$170   1,200 CNY
HIGH$1,100   8,000 CNY
Per Month

Education Cost13%

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

LOW$170   1,200 CNY
AVERAGE$480   3,400 CNY
HIGH$3,100   22,000 CNY
Per Month

Other Expenses15%

15% of total expenses on average (8% to 20%)

LOW$95   690 CNY
AVERAGE$270   2,000 CNY
HIGH$1,800   13,000 CNY
Per Month

Food Prices, Dining Expenses, and Grocery Costs in Sichuan

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


Prices and cost of goods and services in Sichuan

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

Fast food combo meal price

15 CNY 30 CNY 49 CNY
MINIMUM AVERAGE MAXIMUM
$2.1 $4.1 $6.8

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Sichuan is approximatly 30 CNY with meal cost ranging from 15 CNY to 49 CNY. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

52 CNY 78 CNY 160 CNY
MINIMUM AVERAGE MAXIMUM
$7.3 $11 $22

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 52 CNY and 160 CNY with 78 CNY being the average price of a plate for one person at a regular restaurant in Sichuan.

Fine dining meal for one price

100 CNY 160 CNY 630 CNY
MINIMUM AVERAGE MAXIMUM
$15 $22 $87

The price range of a meal at fine-dining restaurant is 100 CNY to 630 CNY with the average cost being 160 CNY for one person. This is what you would expect to pay a top-tier diner in Sichuan.

Beverage prices, cappuccino, latte etc..

12 CNY 20 CNY 30 CNY
MINIMUM AVERAGE MAXIMUM
$1.7 $2.7 $4.1

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Sichuan is around 20 CNY. Price ranges between 12 CNY and 30 CNY depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

9.9 CNY 12 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1.4 $1.6 $2.1

The average price of a large bottle of milk in Sichuan is 12 CNY. The maximum what you would pay for milk is 15 CNY and the minimum being 9.9 CNY depending on the brand of milk and other properties.

12 eggs price

7.4 CNY 9.9 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.1

A dozen eggs costs around 9.9 CNY on average with 7.4 CNY and 15 CNY being the lower and upper limits respectively.

Fresh whole chicken price

17 CNY 22 CNY 31 CNY
MINIMUM AVERAGE MAXIMUM
$2.3 $3 $4.3

The price range of a fresh whole chicken in Sichuan is between 17 CNY and 31 CNY depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 22 CNY.

Pack of beef price

20 CNY 30 CNY 59 CNY
MINIMUM AVERAGE MAXIMUM
$2.7 $4.1 $8.2

The price of a regular pack of beef or meat is around 30 CNY. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

7.9 CNY 11 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.1

A bag of rice in Sichuan costs around 11 CNY on average with prices rangeing between 7.9 CNY and 15 CNY depending on the brand and quality.

Bag of tomatos price

3 CNY 3.9 CNY 7.4 CNY
MINIMUM AVERAGE MAXIMUM
$0.41 $0.55 $1

A bag of tomatoes costs anywhere from 3 CNY to 7.4 CNY. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

5.3 CNY 6.9 CNY 11 CNY
MINIMUM AVERAGE MAXIMUM
$0.73 $0.96 $1.6

A bag of apples costs 6.9 CNY on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


20% 29% of income 35%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Sichuan is around 29%. This means that people spend 29% of their income on grocery and basic household items. The expenditure can range from 20% to 35% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 1,800 CNY per month on grocery and food with expenditure fluctuating between 250 CNY and 12,000 CNY depending on location and the type of person. The average cost of food and groceries for a couple is around 2,600 CNY per month. That number can be get as low as 860 CNY or a high as 14,000 CNY. Families' spending on grocery ranges from 1,500 CNY to 29,000 CNY with the location, income, and size of the family being the most determinite factors.

Prices and cost of goods and services in Sichuan

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

Dining, food, and beverages costs


Fast food combo meal

15 CNY 30 CNY 49 CNY
MINIMUM AVERAGE MAXIMUM
$2.1 $4.1 $6.8

Restaurant meal for one

52 CNY 78 CNY 160 CNY
MINIMUM AVERAGE MAXIMUM
$7.3 $11 $22

Fine dining meal for one

100 CNY 160 CNY 630 CNY
MINIMUM AVERAGE MAXIMUM
$15 $22 $87

Cappuccino or latte

12 CNY 20 CNY 30 CNY
MINIMUM AVERAGE MAXIMUM
$1.7 $2.7 $4.1

Grocery and market costs


Milk large bottle

9.9 CNY 12 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1.4 $1.6 $2.1

12 eggs

7.4 CNY 9.9 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.1

Fresh whole chicken

17 CNY 22 CNY 31 CNY
MINIMUM AVERAGE MAXIMUM
$2.3 $3 $4.3

Pack of beef

20 CNY 30 CNY 59 CNY
MINIMUM AVERAGE MAXIMUM
$2.7 $4.1 $8.2

Medium bag of rice

7.9 CNY 11 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.1

Bag of tomatos

3 CNY 3.9 CNY 7.4 CNY
MINIMUM AVERAGE MAXIMUM
$0.41 $0.55 $1

Bag of apples

5.3 CNY 6.9 CNY 11 CNY
MINIMUM AVERAGE MAXIMUM
$0.73 $0.96 $1.6
Chart showing the prices and cost of commute, travel, and transportation in Sichuan

Commute, travel, and transportation costs


20 minutes taxi ride

13 CNY 16 CNY 31 CNY
MINIMUM AVERAGE MAXIMUM
$1.8 $2.2 $4.4

Average car full tank

74 CNY 99 CNY 200 CNY
MINIMUM AVERAGE MAXIMUM
$10 $14 $27

Average car 1-day rental

83 CNY 110 CNY 170 CNY
MINIMUM AVERAGE MAXIMUM
$12 $15 $23

Average car price

37,000 CNY 74,000 CNY 99,000 CNY
MINIMUM AVERAGE MAXIMUM
$5,100 $10,000 $14,000

Bus ticket one way

2.8 CNY 4.1 CNY 8.3 CNY
MINIMUM AVERAGE MAXIMUM
$0.38 $0.58 $1.2

Car Service

110 CNY 170 CNY 330 CNY
MINIMUM AVERAGE MAXIMUM
$15 $23 $46
Chart showing the prices and cost of utility, energy, water, and gas in Sichuan

Utility cost (monthly)


Utility Bill - Individual

93 CNY 660 CNY 4,400 CNY
MINIMUM AVERAGE MAXIMUM
$13 $92 $610

Utility Bill - Couple

250 CNY 830 CNY 5,400 CNY
MINIMUM AVERAGE MAXIMUM
$34 $110 $750

Utility Bill - Family

430 CNY 1,200 CNY 8,000 CNY
MINIMUM AVERAGE MAXIMUM
$60 $170 $1,100

Internet and cable

74 CNY 150 CNY 200 CNY
MINIMUM AVERAGE MAXIMUM
$10 $21 $27

Mobile phone charges

59 CNY 99 CNY 300 CNY
MINIMUM AVERAGE MAXIMUM
$8.2 $14 $41

Leisure and activities costs


Movie ticket

37 CNY 49 CNY 74 CNY
MINIMUM AVERAGE MAXIMUM
$5.1 $6.8 $10

One month gym membership

130 CNY 170 CNY 330 CNY
MINIMUM AVERAGE MAXIMUM
$18 $23 $46
Chart showing the prices and cost of clothing and accessories in Sichuan

Cloths and accessories costs


Pair of jeans or pants

98 CNY 140 CNY 210 CNY
MINIMUM AVERAGE MAXIMUM
$14 $19 $29

Woman dress

92 CNY 130 CNY 410 CNY
MINIMUM AVERAGE MAXIMUM
$13 $18 $58

Woman shoes

87 CNY 120 CNY 280 CNY
MINIMUM AVERAGE MAXIMUM
$12 $16 $38

Men's shoes

75 CNY 92 CNY 180 CNY
MINIMUM AVERAGE MAXIMUM
$10 $13 $26

Men suit

83 CNY 100 CNY 550 CNY
MINIMUM AVERAGE MAXIMUM
$12 $14 $77

Regular t-shirt

41 CNY 55 CNY 170 CNY
MINIMUM AVERAGE MAXIMUM
$5.8 $7.7 $23
Chart showing the prices and cost of housing, accommodation, and rent in Sichuan

Housing costs / monthly rent


Studio apartment

1,400 CNY 2,100 CNY 5,500 CNY
MINIMUM AVERAGE MAXIMUM
$190 $290 $770

1-bedroom apartment

2,100 CNY 3,300 CNY 8,300 CNY
MINIMUM AVERAGE MAXIMUM
$290 $460 $1,200

2-bedroom apartment

2,800 CNY 4,100 CNY 11,000 CNY
MINIMUM AVERAGE MAXIMUM
$380 $580 $1,500

Housing costs / Buying


Studio apartment

280,000 CNY 410,000 CNY 830,000 CNY
MINIMUM AVERAGE MAXIMUM
$38,000 $58,000 $120,000

1-bedroom apartment

330,000 CNY 550,000 CNY 2.1M CNY
MINIMUM AVERAGE MAXIMUM
$46,000 $77,000 $290,000

2-bedroom apartment

550,000 CNY 1.7M CNY 3.3M CNY
MINIMUM AVERAGE MAXIMUM
$77,000 $230,000 $460,000
Chart showing the prices and cost of furniture in Sichuan

Furniture Costs


King Size Bed

1,500 CNY 1,800 CNY 2,500 CNY
MINIMUM AVERAGE MAXIMUM
$210 $260 $340

Double Bed

990 CNY 1,500 CNY 1,800 CNY
MINIMUM AVERAGE MAXIMUM
$140 $210 $260

Single Bed

870 CNY 1,100 CNY 1,500 CNY
MINIMUM AVERAGE MAXIMUM
$120 $160 $210

Living Room

1,600 CNY 2,100 CNY 7,400 CNY
MINIMUM AVERAGE MAXIMUM
$230 $290 $1,000

Dining Table

740 CNY 990 CNY 1,800 CNY
MINIMUM AVERAGE MAXIMUM
$100 $140 $260

Sofa or Couch

990 CNY 1,300 CNY 3,000 CNY
MINIMUM AVERAGE MAXIMUM
$140 $190 $410
Chart showing the prices and cost of electronic devices and appliances in Sichuan

Electronics and House Appliance Costs


TV Set

990 CNY 1,500 CNY 3,000 CNY
MINIMUM AVERAGE MAXIMUM
$140 $210 $410

Fridge or Freezer

870 CNY 1,300 CNY 1,800 CNY
MINIMUM AVERAGE MAXIMUM
$120 $190 $260

Washing Machine

1,100 CNY 1,600 CNY 3,000 CNY
MINIMUM AVERAGE MAXIMUM
$160 $230 $410

Stove or Cooker

1,100 CNY 1,300 CNY 1,800 CNY
MINIMUM AVERAGE MAXIMUM
$150 $190 $260

Mobile Phone

1,200 CNY 1,500 CNY 2,100 CNY
MINIMUM AVERAGE MAXIMUM
$170 $210 $290

Laptop or Computer

1,300 CNY 1,600 CNY 3,000 CNY
MINIMUM AVERAGE MAXIMUM
$190 $230 $410
Reasons that make it difficult for people to save money in Sichuan

Saving Challenges in Sichuan

Reasons that make it difficult for people to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans15%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation12%
Social Pressure3%
Market Instability2%

Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 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 social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Monthly costs and expenses of energy and basic utilities in Sichuan

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / Individual

93 CNY 660 CNY 4,400 CNY
MINIMUM AVERAGE MAXIMUM
$13 $92 $610

Utility Bill Cost / Electricity + Water + Gas / Couple

250 CNY 830 CNY 5,400 CNY
MINIMUM AVERAGE MAXIMUM
$34 $110 $750

Utility Bill Cost / Electricity + Water + Gas / Family

430 CNY 1,200 CNY 8,000 CNY
MINIMUM AVERAGE MAXIMUM
$60 $170 $1,100

Internet and cable cost

74 CNY 150 CNY 200 CNY
MINIMUM AVERAGE MAXIMUM
$10 $21 $27

Mobile phone bill and charges

59 CNY 99 CNY 300 CNY
MINIMUM AVERAGE MAXIMUM
$8.2 $14 $41

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly expenditure for individuals on electricty, water, and gas in Sichuan ranges between 93 CNY and 4,400 CNY with average being 660 CNY, meanwhile the expenditure of couples is slightly higher at 830 CNY with 250 CNY and 5,400 CNY being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 1,200 CNY. The cost of internet and WiFi is unchanged among the three groups and ranges from 74 CNY to 200 CNY with 150 CNY being the average internet bill. Finally, the average monthly mobile charges is around 99 CNY but can range between 59 CNY and 300 CNY depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


3.3% 6.6% of income 11%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Sichuan is around 6.6%. This means that people pay 6.6% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.3% to 11% depending on salary and location.

A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Chart showing the percentage of people who are in debt in Sichuan

Debt, loans, and mortgages in Sichuan


Percentage of people who are in debt


In Debt
31%
Debt Free
69%

According to the survey, 31% of the people in Sichuan have some kind of debt, loan, mortgage, or credit card payments while 69% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Sichuan

Debt-to-income ratio in Sichuan

Debt to income ratio

33%

23% to 43%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 33% of the people's monthly income in Sichuan goes to debt settlement.


Debt levels

Monthly 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 Sichuan 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 Sichuan

Debt% People
Real Estate Mortgage10%
Auto Loan17%
Student Loan4%
Credit Card28%
Personal Loan41%

10% of debtors in Sichuan 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 Sichuan.


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 Sichuan

Besides measuring the loan-to-income ratio, we asked residents 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
Never52%
Once a year23%
Twice a year12%
Three times a year9%
Four times a year4%

Retirement, pension plans, and life after work in Sichuan

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

Retirement age

The retirement age for most employees in 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 Sichuan:
AgeAmount
2543,000 CNY
3086,000 CNY
35150,000 CNY
40220,000 CNY
45320,000 CNY
50450,000 CNY
55540,000 CNY
60670,000 CNY
65800,000 CNY

Retirement Income Distribution

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

Source% People
Pensions12%
Savings23%
Investments12%
Social Security7%
Annuities7%
Part-time Job13%
Real Estate18%
Dividends and Interest7%

Retirement Monthly Expenses in Sichuan

890 CNY
$120
8,000 CNY
$1,100
54,000 CNY
$7,400
MINIMUM AVERAGE MAXIMUM
Financial goals and targets of people living in Sichuan

Financial goals of people in Sichuan

In an attempt to understand the economic situation in Sichuan, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund8%
Debt Reduction39%
Retirement Savings9%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle8%
Healthcare Expenses12%
Financial Independence6%

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.

Financial literacy and difficulty in budgeting and financial planning in Sichuan

Financial Literacy in

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 Leteracy59%


We asked residents of whether they acquired any adequate personal financial training in their lives. Approximately 41% 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 59% 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 have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 37% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 63% said that they have everything under control.

Struggles with finance37%

Easily manages finances63%

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 whether they have an emergency fund and the answers were as follows.

Yes69%

No32%


Based on the survey, 32% of the people living in Sichuan said that they don't have an emergency fund while 69% said that they do.

Income and cost of living compatibility. Is it affordable or economical to live in Sichuan

Affordable living in Sichuan

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Sichuan?


Yes
71%
No
29%

Around 71% of surveyed residents think that living in Sichuan is affordable with proper budgeting while 29% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting. Are there plenty of low-cost options in Sichuan

Low-cost alternatives in Sichuan

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 options64%

Few low-cost options36%


Based on the survey, 64% of the people living in Sichuan have no problem finding low-cost alternatives to support a frugal lifestyle while 36% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Percentage of people who manage to save money from their income every month in Sichuan

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


Saving Money
69%
Not Saving
32%

Almost 69% of the surveyed people in Sichuan said that they can save some money at the end of each month while 32% said that aren't saving anything.


Percentage of people saving money by population group in Sichuan

GroupSaversNon Savers
Singles73%28%
Couples67%33%
Families61%39%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


Savings to income ratio in Sichuan

Saving to Income Ratio

11% 19% of income 33%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

430 CNY
$60
5,600 CNY
$780
56,000 CNY
$7,800
MINIMUM AVERAGE MAXIMUM

For most people, 11% to 33% of their monthly income is what they can allocate to their savings, with 19% being the average. The amount of money that people can save is approximately 5,600 CNY on average with savings ranging from 430 CNY to 56,000 CNY.

73% of surveyed singles reported some of their income going to savings while 67% of couples said the same. 61% of families confirmed their ability to save money.


How much money do people actually save in Sichuan?

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

14% 23% of income 35%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

430 CNY
$60
3,900 CNY
$540
26,000 CNY
$3,600
MINIMUM AVERAGE MAXIMUM

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 14% to 35% of their monthly income to savings, with 23% being the average for most singles. The average amount of money that singles are able to save is 3,900 CNY with 430 CNY and 26,000 CNY being the minimum and maximum respectively.


Couples

Saving to Income Ratio

12% 21% of income 34%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

2,200 CNY
$300
6,500 CNY
$900
35,000 CNY
$4,800
MINIMUM AVERAGE MAXIMUM

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 12% to 34% of their monthly income, with 21% being the average for most couples. The average amount of money that couples can save is 6,500 CNY with 2,200 CNY and 35,000 CNY being the minimum and maximum respectively.


Families

Saving to Income Ratio

9.9% 18% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

3,000 CNY
$420
8,600 CNY
$1,200
56,000 CNY
$7,800
MINIMUM AVERAGE MAXIMUM

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 Sichuan can save anywhere between 9.9% to 31% of their monthly income, with 18% being the average for most families. The average amount of money that families can put aside is 8,600 CNY with 3,000 CNY and 56,000 CNY being the minimum and maximum respectively.

Expenditure to Income Ratio in Sichuan

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Cost of living and expenditure to income ratio in Sichuan

Spending to Income Ratio

94%

85% to 100%

( 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 Sichuan is 94% This means that on average, people spend around 94% 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
85%
Spending-Income-Ratio
77%
94%

Couple
89%
Spending-Income-Ratio
81%
99%

Family
99%
Spending-Income-Ratio
89%
110%
Where do people choose to put their savings in Sichuan

Typical saving choices for people in Sichuan

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings19%
Real Estate9%
Investment5%
Stocks5%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%
Distribution of monthly cost of living expenses in Sichuan

How do people spend their money in Sichuan?

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$51   370 CNY
AVERAGE$660   4,800 CNY
HIGH$6,600   48,000 CNY
Per Month

People living in Sichuan typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 4,800 CNY with expenditure ranging from 370 CNY to 48,000 CNY. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile7%

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

LOW$8.5   61 CNY
AVERAGE$110   800 CNY
HIGH$1,100   8,000 CNY
Per Month

Utility expenditure like electricity, water, and gas in Sichuan ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 800 CNY with 61 CNY and 8,000 CNY being the upper and lower limits.

Transport, Fuel, Commute7%

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

LOW$17   120 CNY
AVERAGE$220   1,600 CNY
HIGH$2,200   16,000 CNY
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 120 CNY to 16,000 CNY on commuting with 1,600 CNY 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$43   310 CNY
AVERAGE$550   4,000 CNY
HIGH$5,500   40,000 CNY
Per Month

The average outlay on groceries in a month in Sichuan is 4,000 CNY. The cost of groceries can range between 310 CNY to 40,000 CNY. 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$12   86 CNY
AVERAGE$150   1,100 CNY
HIGH$1,500   11,000 CNY
Per Month

People in Sichuan 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 86 CNY to 11,000 CNY with 1,100 CNY being the norm.

Leisure and Shopping5%

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

LOW$6.8   49 CNY
AVERAGE$89   640 CNY
HIGH$890   6,400 CNY
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 49 CNY to 6,400 CNY with 640 CNY 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$10   74 CNY
AVERAGE$130   960 CNY
HIGH$1,300   9,600 CNY
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 960 CNY per month with 74 CNY being the minimum spent amount and 9,600 CNY being the maximum.

Other Expenses13%

13% of total expenses on average (8% to 20%)

LOW$22   160 CNY
AVERAGE$290   2,100 CNY
HIGH$2,900   21,000 CNY
Per Month
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Sichuan

Housing costs, accommodation, and housing affordability in Sichuan

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


Rent Cost in Sichuan

Monthly Rent Prices

Studio apartment monthly rent cost

1,400 CNY 2,100 CNY 5,500 CNY
MINIMUM AVERAGE MAXIMUM
$190 $290 $770

1-bedroom apartment monthly rent cost

2,100 CNY 3,300 CNY 8,300 CNY
MINIMUM AVERAGE MAXIMUM
$290 $460 $1,200

2-bedroom apartment monthly rent cost

2,800 CNY 4,100 CNY 11,000 CNY
MINIMUM AVERAGE MAXIMUM
$380 $580 $1,500

3-bedroom apartment monthly rent cost

3,300 CNY 5,500 CNY 15,000 CNY
MINIMUM AVERAGE MAXIMUM
$460 $770 $2,100

Furnished apartment monthly rent cost

6,600 CNY 17,000 CNY 33,000 CNY
MINIMUM AVERAGE MAXIMUM
$920 $2,300 $4,600

Townhouse monthly rent cost

5,500 CNY 8,300 CNY 24,000 CNY
MINIMUM AVERAGE MAXIMUM
$770 $1,200 $3,300

House monthly rent cost

6,600 CNY 17,000 CNY 33,000 CNY
MINIMUM AVERAGE MAXIMUM
$920 $2,300 $4,600

Villa monthly rent cost

8,300 CNY 21,000 CNY 33,000 CNY
MINIMUM AVERAGE MAXIMUM
$1,200 $2,900 $4,600

The monthly rental cost of a studio apartment in Sichuan ranges between 1,400 CNY and 5,500 CNY, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 2,100 CNY to 8,300 CNY. Two-bedroom rentals rate ranges between 2,800 CNY and 11,000 CNY per month. The monthly rental for a three-bedroom apartment ranges from 3,300 CNY to 15,000 CNY. The average rent of a townhouse in Sichuan is around 8,300 CNY while house rental costs can be as high as 17,000 CNY per month. Finally, if you want to rent a villa, expect to pay anywhere from 8,300 CNY to 33,000 CNY per month.



Apartment and house prices in Sichuan

Cost of buying a property

Studio apartment price

280,000 CNY 410,000 CNY 830,000 CNY
MINIMUM AVERAGE MAXIMUM
$38,000 $58,000 $120,000

1-bedroom apartment price

330,000 CNY 550,000 CNY 2.1M CNY
MINIMUM AVERAGE MAXIMUM
$46,000 $77,000 $290,000

2-bedroom apartment price

550,000 CNY 1.7M CNY 3.3M CNY
MINIMUM AVERAGE MAXIMUM
$77,000 $230,000 $460,000

3-bedroom apartment price

1.8M CNY 2.8M CNY 8.3M CNY
MINIMUM AVERAGE MAXIMUM
$260,000 $380,000 $1.2M

Townhouse price

2.4M CNY 5.5M CNY 21M CNY
MINIMUM AVERAGE MAXIMUM
$330,000 $770,000 $2.9M

House price

2.8M CNY 17M CNY 24M CNY
MINIMUM AVERAGE MAXIMUM
$380,000 $2.3M $3.3M

Villa price

3.3M CNY 18M CNY 28M CNY
MINIMUM AVERAGE MAXIMUM
$460,000 $2.6M $3.8M

The average price of a studio apartment in Sichuan can range from 280,000 CNY to 830,000 CNY depending on location. One bedroom cost can be anywhere from 330,000 CNY to 2.1M CNY. A villa can cost you 18M CNY on average with prices ranging from 3.3M CNY to 28M CNY.


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


40 x116 monthly income 224
MINIMUM AVERAGE MAXIMUM

Property prices in Sichuan can be x116 to x224 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x116 multiples of the average monthly salary in Sichuan.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


22% 33% of income 44%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Sichuan is around 33%. This means that people pay 33% of their income for rent. Those figures can range from 22% to 44% 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.


FROM
2%
AVERAGE
3%
TO
3.9%

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.


25 CNY 320 CNY 3,200 CNY
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.

The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Sichuan is 11,000 CNY. Expenses can range from 1,600 CNY at the minimum level to 74,000 CNY at the highest end.


Couples

The average monthly spending of couples in Sichuan is 18,000 CNY. Expenditure can range from 6,100 CNY to 98,000 CNY per month.


Families

The average cost of living for families in Sichuan is 25,000 CNY per month. Families spend anywhere from 8,600 CNY to 160,000 CNY.


Students

The average monthly expenditure for students in Sichuan is 8,000 CNY. Students spend from 1,200 CNY to 54,000 CNY per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.


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

Housing cost for a couple28%

28% of total expenses on average (21% to 38%)

LOW$290   2,100 CNY
AVERAGE$870   6,200 CNY
HIGH$4,600   33,000 CNY
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

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

LOW$34   250 CNY
AVERAGE$110   830 CNY
HIGH$750   5,400 CNY
Per Month

Transport and Fuel Cost9%

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

LOW$100   740 CNY
AVERAGE$310   2,200 CNY
HIGH$1,600   12,000 CNY
Per Month

Food and Groceries Cost17%

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

LOW$120   860 CNY
AVERAGE$360   2,600 CNY
HIGH$1,900   14,000 CNY
Per Month

Healthcare Cost14%

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

LOW$94   670 CNY
AVERAGE$280   2,000 CNY
HIGH$1,500   11,000 CNY
Per Month

Leisure and Shopping Cost4%

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

LOW$51   370 CNY
AVERAGE$150   1,100 CNY
HIGH$820   5,900 CNY
Per Month

Education Cost1%

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

LOW$17   120 CNY
AVERAGE$51   370 CNY
HIGH$270   2,000 CNY
Per Month

Other Expenses20%

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

LOW$140   1,000 CNY
AVERAGE$430   3,100 CNY
HIGH$2,300   17,000 CNY
Per Month


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Sichuan

Housing cost for a single person31%

31% of total expenses on average (19% to 43%)

LOW$78   560 CNY
AVERAGE$550   4,000 CNY
HIGH$3,700   26,000 CNY
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

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

LOW$13   93 CNY
AVERAGE$92   660 CNY
HIGH$610   4,400 CNY
Per Month

Transport and Fuel Cost5%

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

LOW$17   120 CNY
AVERAGE$120   880 CNY
HIGH$820   5,900 CNY
Per Month

Food and Groceries Cost19%

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

LOW$35   250 CNY
AVERAGE$250   1,800 CNY
HIGH$1,600   12,000 CNY
Per Month

Healthcare Cost12%

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

LOW$19   140 CNY
AVERAGE$140   990 CNY
HIGH$920   6,600 CNY
Per Month

Leisure and Shopping Expenditure3%

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

LOW$11   78 CNY
AVERAGE$77   550 CNY
HIGH$510   3,700 CNY
Per Month

Education Cost1%

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

LOW$4.3   31 CNY
AVERAGE$31   220 CNY
HIGH$200   1,500 CNY
Per Month

Other Expenses21%

21% of total expenses on average (13% to 25%)

LOW$39   280 CNY
AVERAGE$280   2,000 CNY
HIGH$1,800   13,000 CNY
Per Month
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