Cost Of Living For a Single Person in Jiangsu 2025

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

Average Monthly Expenditure

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

Average monthly spending for a single person or individual in Jiangsu

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

A single person in Jiangsu spends around 11,000 CNY per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 1,600 CNY or as high as 74,000 CNY. Location and income are very important factors and have a huge influence on expenditure and budget.

Prices and cost of goods and services in Jiangsu

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

Dining, food, and beverages costs


Fast food combo meal

15 CNY 30 CNY 50 CNY
MINIMUM AVERAGE MAXIMUM
$2.1 $4.1 $6.9

Restaurant meal for one

53 CNY 79 CNY 160 CNY
MINIMUM AVERAGE MAXIMUM
$7.3 $11 $22

Fine dining meal for one

110 CNY 160 CNY 630 CNY
MINIMUM AVERAGE MAXIMUM
$15 $22 $88

Cappuccino or latte

12 CNY 20 CNY 30 CNY
MINIMUM AVERAGE MAXIMUM
$1.7 $2.8 $4.1

Grocery and market costs


Milk large bottle

10 CNY 12 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1.4 $1.7 $2.1

12 eggs

7.5 CNY 10 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.1

Fresh whole chicken

17 CNY 22 CNY 31 CNY
MINIMUM AVERAGE MAXIMUM
$2.4 $3 $4.3

Pack of beef

20 CNY 30 CNY 60 CNY
MINIMUM AVERAGE MAXIMUM
$2.8 $4.1 $8.3

Medium bag of rice

8 CNY 11 CNY 16 CNY
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.2

Bag of tomatos

3 CNY 4 CNY 7.5 CNY
MINIMUM AVERAGE MAXIMUM
$0.41 $0.55 $1

Bag of apples

5.3 CNY 7 CNY 11 CNY
MINIMUM AVERAGE MAXIMUM
$0.74 $0.97 $1.6
Chart showing the prices and cost of commute, travel, and transportation in Jiangsu

Commute, travel, and transportation costs


20 minutes taxi ride

13 CNY 16 CNY 32 CNY
MINIMUM AVERAGE MAXIMUM
$1.8 $2.2 $4.4

Average car full tank

75 CNY 100 CNY 200 CNY
MINIMUM AVERAGE MAXIMUM
$10 $14 $28

Average car 1-day rental

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

Average car price

37,000 CNY 75,000 CNY 100,000 CNY
MINIMUM AVERAGE MAXIMUM
$5,200 $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 for a single person in Jiangsu

Utility cost (monthly)


Utility Bill - Individual

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

Internet and cable

75 CNY 150 CNY 200 CNY
MINIMUM AVERAGE MAXIMUM
$10 $21 $28

Mobile phone charges

60 CNY 100 CNY 300 CNY
MINIMUM AVERAGE MAXIMUM
$8.3 $14 $41

Leisure and activities costs


Movie ticket

37 CNY 50 CNY 75 CNY
MINIMUM AVERAGE MAXIMUM
$5.2 $6.9 $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 Jiangsu

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 Jiangsu

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 Jiangsu

Furniture Costs


King Size Bed

1,500 CNY 1,900 CNY 2,500 CNY
MINIMUM AVERAGE MAXIMUM
$210 $260 $350

Double Bed

1,000 CNY 1,500 CNY 1,900 CNY
MINIMUM AVERAGE MAXIMUM
$140 $210 $260

Single Bed

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

Living Room

1,700 CNY 2,100 CNY 7,500 CNY
MINIMUM AVERAGE MAXIMUM
$230 $300 $1,000

Dining Table

750 CNY 1,000 CNY 1,900 CNY
MINIMUM AVERAGE MAXIMUM
$100 $140 $260

Sofa or Couch

1,000 CNY 1,400 CNY 3,000 CNY
MINIMUM AVERAGE MAXIMUM
$140 $190 $410
Chart showing the prices and cost of electronic devices and appliances in Jiangsu

Electronics and House Appliance Costs


TV Set

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

Fridge or Freezer

880 CNY 1,400 CNY 1,900 CNY
MINIMUM AVERAGE MAXIMUM
$120 $190 $260

Washing Machine

1,100 CNY 1,700 CNY 3,000 CNY
MINIMUM AVERAGE MAXIMUM
$160 $230 $410

Stove or Cooker

1,100 CNY 1,400 CNY 1,900 CNY
MINIMUM AVERAGE MAXIMUM
$150 $190 $260

Mobile Phone

1,200 CNY 1,500 CNY 2,100 CNY
MINIMUM AVERAGE MAXIMUM
$170 $210 $300

Laptop or Computer

1,400 CNY 1,700 CNY 3,000 CNY
MINIMUM AVERAGE MAXIMUM
$190 $230 $410
Distribution of monthly cost of living expenses of a single person in Jiangsu

How do individuals spend their money in Jiangsu?

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 Cost31%

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

Individuals in Jiangsu typically spend from 19% to 43% of their total monthly expenditure on housing with 31% being the average. The average monthly spend on housing is 4,000 CNY with expenditure ranging from 560 CNY to 26,000 CNY. 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$13   93 CNY
AVERAGE$92   660 CNY
HIGH$610   4,400 CNY
Per Month

Utility expenditure like electricity, water, and gas in Jiangsu ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 660 CNY with 93 CNY and 4,400 CNY being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel5%

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

LOW$17   120 CNY
AVERAGE$120   880 CNY
HIGH$820   5,900 CNY
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 120 CNY to 5,900 CNY in a month on commuting with 880 CNY being the norm for most individuals. This means that money spent on transport constitutes about 5% of total spending on average but can go as low as 3% or as high as 11%.

Food, groceries, and basic shopping expenditure for individuals

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

The average outlay on groceries and basic houshold items for a typical person in a month in Jiangsu is 1,800 CNY. The cost of groceries can range between 250 CNY to 12,000 CNY. Individuals spend on average about 19% on food and groceries with upper and lower bounds of 13% and 24% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare12%

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

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

Individuals in Jiangsu allocate 6% to 16% 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 12%. The range of medical expenses range from 140 CNY to 6,600 CNY with 990 CNY being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

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

LOW$11   78 CNY
AVERAGE$77   550 CNY
HIGH$510   3,700 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 78 CNY to 3,700 CNY with 550 CNY being the average. Speaking of percentages, that equates to 2% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling1%

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

Spending on education can vary drastically between different individuals. On average, education constitutes 1% of the monthly expenditure of individuals with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 220 CNY per month with 31 CNY being the minimum spent amount and 1,500 CNY being the maximum.

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

Saving Challenges in Jiangsu

Reasons that make it difficult for individuals to save money

We wanted to understand what is stopping people from maximizing their savings in Jiangsu. 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 later19%
Inflation12%
Social Pressure3%
Market Instability2%

Around 5% of the individuals 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% of individuals blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 19% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 12% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Single person or Individual cost of living and expenditure to income ratio in Jiangsu

Single person expenditure to income ratio in Jiangsu

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

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

85%

77% to 94%

( expenditure / income ) x 100


Individuals in Jiangsu spend around 85% of their monthly income. Some individuals spend as low as 77% of their income while some as high as 94%.

Percentage of individuals who manage to save money from their income every month in Jiangsu

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


Percentage of individuals that reported their ability to save money


Saving Money
73%
Not Saving
28%

Almost 73% of surveyed individuals in Jiangsu said that they can save some money at the end of each month while 28% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Jiangsu

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

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 individuals

Saving To Income Ratio% Individuals
0% - 10%31%
10% - 20%24%
20% - 30%16%
30% - 40%14%
40% - 50%11%
> 50%4%

Interpretation and Analysis

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

Where do individuals choose to put their savings in Jiangsu

Typical saving choices for individuals in Jiangsu

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%
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.

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

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 individuals in Jiangsu 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 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? 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%

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

Affordable living in Jiangsu

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Jiangsu?


Yes
71%
No
29%

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

Financial goals and targets of single people living in Jiangsu

Financial goals of individuals in Jiangsu

In an attempt to understand the economic situation in Jiangsu, 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 individuals 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.

Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Jiangsu

Housing costs, accommodation, and housing affordability in Jiangsu

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


Rent Cost in Jiangsu

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 Jiangsu 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 Jiangsu 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 Jiangsu

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 Jiangsu 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 Jiangsu 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 Jiangsu 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 Jiangsu.



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 Jiangsu 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
4%

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.

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

Debt, loans, and mortgages in Jiangsu


Percentage of individuals who are in debt


In Debt
31%
Debt Free
69%

According to the survey, 31% of the individuals in Jiangsu 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 Jiangsu

Debt-to-income ratio in Jiangsu

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 a single person's monthly income in Jiangsu 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 Jiangsu 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 Jiangsu

Debt% People
Real Estate Mortgage10%
Auto Loan18%
Student Loan4%
Credit Card28%
Personal Loan41%

10% of debtors in Jiangsu confirm that real estate mortgages constitutes the main part of their outstanding debt while 28% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 18% of people and personal loans rose at 41%. Lastly, student loans are the main source of debt for 4% of debtors in Jiangsu.


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 Jiangsu

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
Never52%
Once a year23%
Twice a year12%
Three times a year9%
Four times a year4%
How easily is cost-cutting for individuals. Are there plenty of low-cost options in Jiangsu

Low-cost alternatives in Jiangsu

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 options64%

Few low-cost options36%


Based on the survey, 64% of the individuals living in Jiangsu 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.

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.

Yes69%

No32%


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

Monthly costs and expenses of energy and basic utilities in Jiangsu

Utilities expenditure can vary slightly between different areas and locations.


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

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

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

Internet and cable cost

75 CNY 150 CNY 200 CNY
MINIMUM AVERAGE MAXIMUM
$10 $21 $28

Mobile phone bill and charges

60 CNY 100 CNY 300 CNY
MINIMUM AVERAGE MAXIMUM
$8.3 $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 energy and water consumption of individuals is around 660 CNY. The cost of internet and WiFi ranges from 75 CNY to 200 CNY with 150 CNY being the average internet bill. Finally, the average monthly mobile charges is around 100 CNY but can range between 60 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 Jiangsu 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.

Food Prices, Dining Expenses, and Grocery Costs in Jiangsu

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


Prices and cost of goods and services in Jiangsu

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

Fast food combo meal price

15 CNY 30 CNY 50 CNY
MINIMUM AVERAGE MAXIMUM
$2.1 $4.1 $6.9

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Jiangsu is approximatly 30 CNY with meal cost ranging from 15 CNY to 50 CNY. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

53 CNY 79 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 53 CNY and 160 CNY with 79 CNY being the average price of a plate for one person at a regular restaurant in Jiangsu.

Fine dining meal for one price

110 CNY 160 CNY 630 CNY
MINIMUM AVERAGE MAXIMUM
$15 $22 $88

The price range of a meal at fine-dining restaurant is 110 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 Jiangsu.

Beverage prices, cappuccino, latte etc..

12 CNY 20 CNY 30 CNY
MINIMUM AVERAGE MAXIMUM
$1.7 $2.8 $4.1

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Jiangsu 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

10 CNY 12 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1.4 $1.7 $2.1

The average price of a large bottle of milk in Jiangsu is 12 CNY. The maximum what you would pay for milk is 15 CNY and the minimum being 10 CNY depending on the brand of milk and other properties.

12 eggs price

7.5 CNY 10 CNY 15 CNY
MINIMUM AVERAGE MAXIMUM
$1 $1.4 $2.1

A dozen eggs costs around 10 CNY on average with 7.5 CNY and 15 CNY being the lower and upper limits respectively.

Fresh whole chicken price

17 CNY 22 CNY 31 CNY
MINIMUM AVERAGE MAXIMUM
$2.4 $3 $4.3

The price range of a fresh whole chicken in Jiangsu 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 60 CNY
MINIMUM AVERAGE MAXIMUM
$2.8 $4.1 $8.3

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

8 CNY 11 CNY 16 CNY
MINIMUM AVERAGE MAXIMUM
$1.1 $1.5 $2.2

A bag of rice in Jiangsu costs around 11 CNY on average with prices rangeing between 8 CNY and 16 CNY depending on the brand and quality.

Bag of tomatos price

3 CNY 4 CNY 7.5 CNY
MINIMUM AVERAGE MAXIMUM
$0.41 $0.55 $1

A bag of tomatoes costs anywhere from 3 CNY to 7.5 CNY. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

5.3 CNY 7 CNY 11 CNY
MINIMUM AVERAGE MAXIMUM
$0.74 $0.97 $1.6

A bag of apples costs 7 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 Jiangsu is around 29%. This means that individuals 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 individuals

Individuals' spending on grocery ranges from 250 CNY to 12,000 CNY with the location, income being the most determinite factors.

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