Cost Of Living For a Single Person in Baku 2025

Single person cost of living chart - individual average monthly expenditure in Baku

Average Monthly Expenditure

Currency: AZN
570 4,000 45,000
MINIMUM AVERAGE MAXIMUM
$340 $2,400 $26,000

Average monthly spending for a single person or individual in Baku

How much money does an individual need in a month to survive in Baku?

A single person in Baku spends around 4,000 AZN per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 570 AZN or as high as 45,000 AZN. Location and income are very important factors and have a huge influence on expenditure and budget.

Prices and cost of goods and services in Baku

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

Dining, food, and beverages costs


Fast food combo meal

5.2 AZN 10 AZN 17 AZN
MINIMUM AVERAGE MAXIMUM
$3 $6.1 $10

Restaurant meal for one

18 AZN 27 AZN 54 AZN
MINIMUM AVERAGE MAXIMUM
$11 $16 $32

Fine dining meal for one

35 AZN 52 AZN 210 AZN
MINIMUM AVERAGE MAXIMUM
$20 $30 $120

Cappuccino or latte

4.4 AZN 7.1 AZN 11 AZN
MINIMUM AVERAGE MAXIMUM
$2.6 $4.2 $6.3

Grocery and market costs


Milk large bottle

3.6 AZN 4.3 AZN 5.4 AZN
MINIMUM AVERAGE MAXIMUM
$2.1 $2.5 $3.2

12 eggs

2.6 AZN 3.4 AZN 5.2 AZN
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3

Fresh whole chicken

6.2 AZN 8 AZN 11 AZN
MINIMUM AVERAGE MAXIMUM
$3.6 $4.7 $6.7

Pack of beef

7.5 AZN 11 AZN 22 AZN
MINIMUM AVERAGE MAXIMUM
$4.4 $6.6 $13

Medium bag of rice

2.7 AZN 3.7 AZN 5.3 AZN
MINIMUM AVERAGE MAXIMUM
$1.6 $2.2 $3.1

Bag of tomatos

1 AZN 1.4 AZN 2.6 AZN
MINIMUM AVERAGE MAXIMUM
$0.61 $0.82 $1.5

Bag of apples

1.9 AZN 2.5 AZN 4.1 AZN
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.4
Chart showing the prices and cost of commute, travel, and transportation in Baku

Commute, travel, and transportation costs


20 minutes taxi ride

4.5 AZN 5.4 AZN 11 AZN
MINIMUM AVERAGE MAXIMUM
$2.7 $3.2 $6.4

Average car full tank

26 AZN 35 AZN 69 AZN
MINIMUM AVERAGE MAXIMUM
$15 $20 $41

Average car 1-day rental

24 AZN 32 AZN 49 AZN
MINIMUM AVERAGE MAXIMUM
$14 $19 $29

Average car price

12,000 AZN 25,000 AZN 33,000 AZN
MINIMUM AVERAGE MAXIMUM
$7,300 $15,000 $19,000

Bus ticket one way

0.83 AZN 1.2 AZN 2.5 AZN
MINIMUM AVERAGE MAXIMUM
$0.48 $0.73 $1.5

Car Service

34 AZN 51 AZN 100 AZN
MINIMUM AVERAGE MAXIMUM
$20 $30 $60
Chart showing the prices and cost of utility, energy, water, and gas for a single person in Baku

Utility cost (monthly)


Utility Bill - Individual

30 AZN 210 AZN 2,300 AZN
MINIMUM AVERAGE MAXIMUM
$17 $120 $1,400

Internet and cable

27 AZN 54 AZN 73 AZN
MINIMUM AVERAGE MAXIMUM
$16 $32 $43

Mobile phone charges

18 AZN 30 AZN 89 AZN
MINIMUM AVERAGE MAXIMUM
$10 $17 $52

Leisure and activities costs


Movie ticket

12 AZN 15 AZN 23 AZN
MINIMUM AVERAGE MAXIMUM
$6.8 $9.1 $14

One month gym membership

42 AZN 53 AZN 110 AZN
MINIMUM AVERAGE MAXIMUM
$25 $31 $62
Chart showing the prices and cost of clothing and accessories in Baku

Cloths and accessories costs


Pair of jeans or pants

32 AZN 45 AZN 68 AZN
MINIMUM AVERAGE MAXIMUM
$19 $27 $40

Woman dress

31 AZN 43 AZN 140 AZN
MINIMUM AVERAGE MAXIMUM
$18 $25 $82

Woman shoes

27 AZN 37 AZN 86 AZN
MINIMUM AVERAGE MAXIMUM
$16 $22 $51

Men's shoes

24 AZN 30 AZN 59 AZN
MINIMUM AVERAGE MAXIMUM
$14 $17 $35

Men suit

27 AZN 34 AZN 180 AZN
MINIMUM AVERAGE MAXIMUM
$16 $20 $110

Regular t-shirt

14 AZN 19 AZN 56 AZN
MINIMUM AVERAGE MAXIMUM
$8.2 $11 $33
Chart showing the prices and cost of housing, accommodation, and rent in Baku

Housing costs / monthly rent


Studio apartment

500 AZN 750 AZN 2,000 AZN
MINIMUM AVERAGE MAXIMUM
$290 $440 $1,200

1-bedroom apartment

770 AZN 1,200 AZN 3,100 AZN
MINIMUM AVERAGE MAXIMUM
$450 $720 $1,800

2-bedroom apartment

1,000 AZN 1,600 AZN 4,200 AZN
MINIMUM AVERAGE MAXIMUM
$610 $920 $2,500

Housing costs / Buying


Studio apartment

100,000 AZN 160,000 AZN 310,000 AZN
MINIMUM AVERAGE MAXIMUM
$61,000 $92,000 $180,000

1-bedroom apartment

130,000 AZN 210,000 AZN 800,000 AZN
MINIMUM AVERAGE MAXIMUM
$76,000 $130,000 $470,000

2-bedroom apartment

200,000 AZN 600,000 AZN 1.2M AZN
MINIMUM AVERAGE MAXIMUM
$120,000 $350,000 $700,000
Chart showing the prices and cost of furniture in Baku

Furniture Costs


King Size Bed

510 AZN 640 AZN 860 AZN
MINIMUM AVERAGE MAXIMUM
$300 $380 $500

Double Bed

350 AZN 530 AZN 660 AZN
MINIMUM AVERAGE MAXIMUM
$210 $310 $390

Single Bed

320 AZN 410 AZN 540 AZN
MINIMUM AVERAGE MAXIMUM
$190 $240 $320

Living Room

610 AZN 790 AZN 2,800 AZN
MINIMUM AVERAGE MAXIMUM
$360 $460 $1,600

Dining Table

260 AZN 340 AZN 640 AZN
MINIMUM AVERAGE MAXIMUM
$150 $200 $380

Sofa or Couch

350 AZN 480 AZN 1,100 AZN
MINIMUM AVERAGE MAXIMUM
$210 $280 $620
Chart showing the prices and cost of electronic devices and appliances in Baku

Electronics and House Appliance Costs


TV Set

350 AZN 530 AZN 1,100 AZN
MINIMUM AVERAGE MAXIMUM
$210 $310 $620

Fridge or Freezer

320 AZN 490 AZN 680 AZN
MINIMUM AVERAGE MAXIMUM
$190 $290 $400

Washing Machine

390 AZN 560 AZN 1,000 AZN
MINIMUM AVERAGE MAXIMUM
$230 $330 $590

Stove or Cooker

370 AZN 470 AZN 650 AZN
MINIMUM AVERAGE MAXIMUM
$220 $280 $380

Mobile Phone

440 AZN 530 AZN 760 AZN
MINIMUM AVERAGE MAXIMUM
$260 $310 $440

Laptop or Computer

490 AZN 600 AZN 1,100 AZN
MINIMUM AVERAGE MAXIMUM
$290 $350 $640
Single person or Individual cost of living and expenditure to income ratio in Baku

Single person expenditure to income ratio in Baku

Analysing the how affordable it is for an individual to live in Baku

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. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

89%

80% to 98%

( expenditure / income ) x 100


Individuals in Baku spend around 89% of their monthly income. Some individuals spend as low as 80% of their income while some as high as 98%.

Distribution of monthly cost of living expenses of a single person in Baku

How do individuals spend their money in Baku?

We asked thousands of individuals about their spending habits and expenditure break down.


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 and accomodation expenditure for individuals

Accomodation Cost32%

32% of total expenses on average (20% to 44%)

LOW$120   200 AZN
AVERAGE$830   1,400 AZN
HIGH$9,300   16,000 AZN
Per Month

Individuals in Baku typically spend from 20% to 44% of their total monthly expenditure on housing with 32% being the average. The average monthly spend on housing is 1,400 AZN with expenditure ranging from 200 AZN to 16,000 AZN. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities8%

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

LOW$17   30 AZN
AVERAGE$120   210 AZN
HIGH$1,400   2,300 AZN
Per Month

Utility expenditure like electricity, water, and gas in Baku ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 210 AZN with 30 AZN and 2,300 AZN being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel6%

6% of total expenses on average (4% to 12%)

LOW$25   43 AZN
AVERAGE$180   300 AZN
HIGH$2,000   3,300 AZN
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 43 AZN to 3,300 AZN in a month on commuting with 300 AZN being the norm for most individuals. This means that money spent on transport constitutes about 6% of total spending on average but can go as low as 4% or as high as 12%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost18%

18% of total expenses on average (12% to 23%)

LOW$49   83 AZN
AVERAGE$350   590 AZN
HIGH$3,800   6,500 AZN
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Baku is 590 AZN. The cost of groceries can range between 83 AZN to 6,500 AZN. Individuals spend on average about 18% on food and groceries with upper and lower bounds of 12% and 23% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare11%

11% of total expenses on average (5% to 15%)

LOW$24   42 AZN
AVERAGE$170   290 AZN
HIGH$1,900   3,300 AZN
Per Month

Individuals in Baku allocate 5% to 15% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 11%. The range of medical expenses range from 42 AZN to 3,300 AZN with 290 AZN being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

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

LOW$15   26 AZN
AVERAGE$110   180 AZN
HIGH$1,200   2,000 AZN
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 26 AZN to 2,000 AZN with 180 AZN being the average. Speaking of percentages, that equates to 3% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling2%

2% of total expenses on average (1% to 4%)

LOW$6.1   10 AZN
AVERAGE$43   73 AZN
HIGH$480   820 AZN
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 2% of the monthly expenditure of individuals with 1% and 4% being the lower and upper bounds respectively. The average reported education cost is 73 AZN per month with 10 AZN being the minimum spent amount and 820 AZN being the maximum.

Other Expenses20%

20% of total expenses on average (12% to 24%)

LOW$58   98 AZN
AVERAGE$410   690 AZN
HIGH$4,500   7,700 AZN
Per Month
Percentage of individuals who manage to save money from their income every month in Baku

What percentage of individuals in Baku are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
76%
Not Saving
24%

Almost 76% of surveyed individuals in Baku said that they can save some money at the end of each month while 24% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Baku

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.


How much money do individuals manage to add to their savings?

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.

Saving to Income Ratio

16% 26% of income 39%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

160 AZN
$97
1,500 AZN
$870
16,000 AZN
$9,700
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%29%
10% - 20%23%
20% - 30%16%
30% - 40%16%
40% - 50%12%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 16% to 39% of their monthly income to their savings, with 26% being the average for most individuals. The average monthly amount of money that individuals can put aside is 1,500 AZN with 160 AZN and 16,000 AZN being the minimum and maximum respectively.

Reasons that make it difficult for individuals to save money in Baku

Saving Challenges in Baku

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income6%
High Expenses9%
Debt and Loans17%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the individuals said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 17% 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. 10% of individuals blamed impulsive spending as the reason for saving inability. Around 6% 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. 18% 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. 11% 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, 3% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Baku

Typical saving choices for individuals in Baku

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings17%
Real Estate10%
Investment6%
Stocks6%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
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.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Baku

Affordable living in Baku

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Baku?


Yes
68%
No
32%

Around 68% of surveyed individuals think that living in Baku is affordable with proper budgeting while 32% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting for individuals. Are there plenty of low-cost options in Baku

Low-cost alternatives in Baku

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 individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options60%

Few low-cost options40%


Based on the survey, 60% of the individuals living in Baku have no problem finding low-cost alternatives to support a frugal lifestyle while 40% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Individuals

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

Yes67%

No33%


Based on the survey, 33% of the individuals living in Baku said that they don't have an emergency fund while 67% said that they do.

Financial literacy and difficulty in budgeting and financial planning for individuals in Baku

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 Leteracy63%


We asked individuals in Baku whether they acquired any adequate personal financial training in their lives. Approximately 37% 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 63% 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 single people 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? 31% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 69% said that they have everything under control.

Struggles with finance31%

Easily manages finances69%

Monthly costs and expenses of energy and basic utilities in Baku

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / A single person

30 AZN 210 AZN 2,300 AZN
MINIMUM AVERAGE MAXIMUM
$17 $120 $1,400

Internet and cable cost

27 AZN 54 AZN 73 AZN
MINIMUM AVERAGE MAXIMUM
$16 $32 $43

Mobile phone bill and charges

18 AZN 30 AZN 89 AZN
MINIMUM AVERAGE MAXIMUM
$10 $17 $52

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 energy and water consumption of individuals is around 210 AZN. The cost of internet and WiFi ranges from 27 AZN to 73 AZN with 54 AZN being the average internet bill. Finally, the average monthly mobile charges is around 30 AZN but can range between 18 AZN and 89 AZN 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


2.4% 5.9% of income 11%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Baku is around 5.9%. This means that people pay 5.9% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.4% to 11% depending on salary and location.

Financial goals and targets of single people living in Baku

Financial goals of individuals in Baku

In an attempt to understand the economic situation in Baku, 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 Fund7%
Debt Reduction35%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle10%
Healthcare Expenses10%
Financial Independence8%

Around 7% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 35% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 10% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 10% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Chart showing the percentage of individuals who are in debt in Baku

Debt, loans, and mortgages in Baku


Percentage of individuals who are in debt


In Debt
26%
Debt Free
74%

According to the survey, 26% of the individuals in Baku have some kind of debt, loan, mortgage, or credit card payments while 74% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Baku

Debt-to-income ratio in Baku

Debt to income ratio

29%

20% to 38%

( 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 29% of a single person's monthly income in Baku goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%13%
40% - 50%12%
30% - 40%14%
20% - 30%14%
10% - 20%17%
0% - 10%27%

According to our data, 3% of the debtors in Baku pay 60%+ of their income as debt settlement while 13% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 14% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Baku

Debt% People
Real Estate Mortgage12%
Auto Loan21%
Student Loan3%
Credit Card26%
Personal Loan38%

12% of debtors in Baku confirm that real estate mortgages constitutes the main part of their outstanding debt while 26% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 21% of people and personal loans rose at 38%. Lastly, student loans are the main source of debt for 3% of debtors in Baku.


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 Baku

Besides measuring the loan-to-income ratio, we asked individuals 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
Never54%
Once a year22%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Baku

Housing costs, accommodation, and housing affordability in Baku

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


Rent Cost in Baku

Monthly Rent Prices

Studio apartment monthly rent cost

500 AZN 750 AZN 2,000 AZN
MINIMUM AVERAGE MAXIMUM
$290 $440 $1,200

1-bedroom apartment monthly rent cost

770 AZN 1,200 AZN 3,100 AZN
MINIMUM AVERAGE MAXIMUM
$450 $720 $1,800

2-bedroom apartment monthly rent cost

1,000 AZN 1,600 AZN 4,200 AZN
MINIMUM AVERAGE MAXIMUM
$610 $920 $2,500

3-bedroom apartment monthly rent cost

1,300 AZN 2,100 AZN 5,800 AZN
MINIMUM AVERAGE MAXIMUM
$760 $1,300 $3,400

Furnished apartment monthly rent cost

2,500 AZN 6,100 AZN 12,000 AZN
MINIMUM AVERAGE MAXIMUM
$1,400 $3,600 $7,200

Townhouse monthly rent cost

2,000 AZN 3,000 AZN 8,600 AZN
MINIMUM AVERAGE MAXIMUM
$1,200 $1,800 $5,000

House monthly rent cost

2,500 AZN 6,200 AZN 12,000 AZN
MINIMUM AVERAGE MAXIMUM
$1,400 $3,600 $7,200

Villa monthly rent cost

3,000 AZN 7,500 AZN 12,000 AZN
MINIMUM AVERAGE MAXIMUM
$1,800 $4,400 $7,000

The monthly rental cost of a studio apartment in Baku ranges between 500 AZN and 2,000 AZN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 770 AZN to 3,100 AZN. Two-bedroom rentals rate ranges between 1,000 AZN and 4,200 AZN per month. The monthly rental for a three-bedroom apartment ranges from 1,300 AZN to 5,800 AZN. The average rent of a townhouse in Baku is around 3,000 AZN while house rental costs can be as high as 6,200 AZN per month. Finally, if you want to rent a villa, expect to pay anywhere from 3,000 AZN to 12,000 AZN per month.



Apartment and house prices in Baku

Cost of buying a property

Studio apartment price

100,000 AZN 160,000 AZN 310,000 AZN
MINIMUM AVERAGE MAXIMUM
$61,000 $92,000 $180,000

1-bedroom apartment price

130,000 AZN 210,000 AZN 800,000 AZN
MINIMUM AVERAGE MAXIMUM
$76,000 $130,000 $470,000

2-bedroom apartment price

200,000 AZN 600,000 AZN 1.2M AZN
MINIMUM AVERAGE MAXIMUM
$120,000 $350,000 $700,000

3-bedroom apartment price

680,000 AZN 1M AZN 3.1M AZN
MINIMUM AVERAGE MAXIMUM
$400,000 $600,000 $1.8M

Townhouse price

900,000 AZN 2.1M AZN 7.9M AZN
MINIMUM AVERAGE MAXIMUM
$530,000 $1.2M $4.6M

House price

1.1M AZN 6.5M AZN 9.2M AZN
MINIMUM AVERAGE MAXIMUM
$630,000 $3.8M $5.4M

Villa price

1.3M AZN 7.1M AZN 11M AZN
MINIMUM AVERAGE MAXIMUM
$760,000 $4.2M $6.3M

The average price of a studio apartment in Baku can range from 100,000 AZN to 310,000 AZN depending on location. One bedroom cost can be anywhere from 130,000 AZN to 800,000 AZN. A villa can cost you 7.1M AZN on average with prices ranging from 1.3M AZN to 11M AZN.


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


53 x153 monthly income 282
MINIMUM AVERAGE MAXIMUM

Property prices in Baku can be x153 to x282 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x153 multiples of the average monthly salary in Baku.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


25% 37% of income 49%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Baku is around 37%. This means that people pay 37% of their income for rent. Those figures can range from 25% to 49% 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
29%

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
2.1%
AVERAGE
3.1%
TO
4.1%

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.


8.8 AZN 88 AZN 1,300 AZN
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.

Food Prices, Dining Expenses, and Grocery Costs in Baku

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


Prices and cost of goods and services in Baku

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

Fast food combo meal price

5.2 AZN 10 AZN 17 AZN
MINIMUM AVERAGE MAXIMUM
$3 $6.1 $10

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Baku is approximatly 10 AZN with meal cost ranging from 5.2 AZN to 17 AZN. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

18 AZN 27 AZN 54 AZN
MINIMUM AVERAGE MAXIMUM
$11 $16 $32

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 18 AZN and 54 AZN with 27 AZN being the average price of a plate for one person at a regular restaurant in Baku.

Fine dining meal for one price

35 AZN 52 AZN 210 AZN
MINIMUM AVERAGE MAXIMUM
$20 $30 $120

The price range of a meal at fine-dining restaurant is 35 AZN to 210 AZN with the average cost being 52 AZN for one person. This is what you would expect to pay a top-tier diner in Baku.

Beverage prices, cappuccino, latte etc..

4.4 AZN 7.1 AZN 11 AZN
MINIMUM AVERAGE MAXIMUM
$2.6 $4.2 $6.3

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Baku is around 7.1 AZN. Price ranges between 4.4 AZN and 11 AZN depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

3.6 AZN 4.3 AZN 5.4 AZN
MINIMUM AVERAGE MAXIMUM
$2.1 $2.5 $3.2

The average price of a large bottle of milk in Baku is 4.3 AZN. The maximum what you would pay for milk is 5.4 AZN and the minimum being 3.6 AZN depending on the brand of milk and other properties.

12 eggs price

2.6 AZN 3.4 AZN 5.2 AZN
MINIMUM AVERAGE MAXIMUM
$1.5 $2 $3

A dozen eggs costs around 3.4 AZN on average with 2.6 AZN and 5.2 AZN being the lower and upper limits respectively.

Fresh whole chicken price

6.2 AZN 8 AZN 11 AZN
MINIMUM AVERAGE MAXIMUM
$3.6 $4.7 $6.7

The price range of a fresh whole chicken in Baku is between 6.2 AZN and 11 AZN depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 8 AZN.

Pack of beef price

7.5 AZN 11 AZN 22 AZN
MINIMUM AVERAGE MAXIMUM
$4.4 $6.6 $13

The price of a regular pack of beef or meat is around 11 AZN. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

2.7 AZN 3.7 AZN 5.3 AZN
MINIMUM AVERAGE MAXIMUM
$1.6 $2.2 $3.1

A bag of rice in Baku costs around 3.7 AZN on average with prices rangeing between 2.7 AZN and 5.3 AZN depending on the brand and quality.

Bag of tomatos price

1 AZN 1.4 AZN 2.6 AZN
MINIMUM AVERAGE MAXIMUM
$0.61 $0.82 $1.5

A bag of tomatoes costs anywhere from 1 AZN to 2.6 AZN. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

1.9 AZN 2.5 AZN 4.1 AZN
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.4

A bag of apples costs 2.5 AZN 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


21% 30% of income 37%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Baku is around 30%. This means that individuals spend 30% of their income on grocery and basic household items. The expenditure can range from 21% to 37% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 83 AZN to 6,500 AZN with the location, income being the most determinite factors.

Published: February 11, 2024   Last Update: April 4, 2025



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