Cost Of Living For a Single Person in Myanmar 2024

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

Average Monthly Expenditure

Currency: MMK
53,000 380,000 2.5M
MINIMUM AVERAGE MAXIMUM
$25 $180 $1,200

Average monthly spending for a single person or individual in Myanmar

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

A single person in Myanmar spends around 380,000 MMK per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 53,000 MMK or as high as 2.5M MMK. Location and income are very important factors and have a huge influence on expenditure and budget.


Prices and cost of goods and services in Myanmar


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

Dining, food, and beverages costs


Fast food combo meal

550 MMK 1,100 MMK 1,800 MMK
MINIMUM AVERAGE MAXIMUM
$0.26 $0.52 $0.87

Restaurant meal for one

1,800 MMK 2,700 MMK 5,500 MMK
MINIMUM AVERAGE MAXIMUM
$0.87 $1.3 $2.6

Fine dining meal for one

3,600 MMK 5,500 MMK 22,000 MMK
MINIMUM AVERAGE MAXIMUM
$1.7 $2.6 $10

Cappuccino or latte

460 MMK 730 MMK 1,100 MMK
MINIMUM AVERAGE MAXIMUM
$0.22 $0.35 $0.52

Grocery and market costs


Milk large bottle

360 MMK 440 MMK 550 MMK
MINIMUM AVERAGE MAXIMUM
$0.17 $0.21 $0.26

12 eggs

270 MMK 360 MMK 550 MMK
MINIMUM AVERAGE MAXIMUM
$0.13 $0.17 $0.26

Fresh whole chicken

620 MMK 800 MMK 1,100 MMK
MINIMUM AVERAGE MAXIMUM
$0.30 $0.38 $0.54

Pack of beef

730 MMK 1,100 MMK 2,200 MMK
MINIMUM AVERAGE MAXIMUM
$0.35 $0.52 $1

Medium bag of rice

290 MMK 400 MMK 570 MMK
MINIMUM AVERAGE MAXIMUM
$0.14 $0.19 $0.27

Bag of tomatos

110 MMK 150 MMK 270 MMK
MINIMUM AVERAGE MAXIMUM
$0.05 $0.07 $0.13

Bag of apples

200 MMK 260 MMK 420 MMK
MINIMUM AVERAGE MAXIMUM
$0.09 $0.12 $0.20
Chart showing the prices and cost of commute, travel, and transportation in Myanmar


Commute, travel, and transportation costs


20 minutes taxi ride

460 MMK 550 MMK 1,100 MMK
MINIMUM AVERAGE MAXIMUM
$0.22 $0.26 $0.52

Average car full tank

2,700 MMK 3,600 MMK 7,300 MMK
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $3.5

Average car 1-day rental

2,700 MMK 3,600 MMK 5,500 MMK
MINIMUM AVERAGE MAXIMUM
$1.3 $1.7 $2.6

Average car price

1.4M MMK 2.7M MMK 3.6M MMK
MINIMUM AVERAGE MAXIMUM
$650 $1,300 $1,700

Bus ticket one way

91 MMK 140 MMK 270 MMK
MINIMUM AVERAGE MAXIMUM
$0.04 $0.07 $0.13

Car Service

3,600 MMK 5,500 MMK 11,000 MMK
MINIMUM AVERAGE MAXIMUM
$1.7 $2.6 $5.2
Chart showing the prices and cost of utility, energy, water, and gas in Myanmar


Utility cost (monthly)


Utility Bill - Individual

3,200 MMK 23,000 MMK 150,000 MMK
MINIMUM AVERAGE MAXIMUM
$1.5 $11 $73

Internet and cable

2,700 MMK 5,500 MMK 7,300 MMK
MINIMUM AVERAGE MAXIMUM
$1.3 $2.6 $3.5

Mobile phone charges

2,200 MMK 3,600 MMK 11,000 MMK
MINIMUM AVERAGE MAXIMUM
$1 $1.7 $5.2

Leisure and activities costs


Movie ticket

1,400 MMK 1,800 MMK 2,700 MMK
MINIMUM AVERAGE MAXIMUM
$0.65 $0.87 $1.3

One month gym membership

4,400 MMK 5,500 MMK 11,000 MMK
MINIMUM AVERAGE MAXIMUM
$2.1 $2.6 $5.2
Chart showing the prices and cost of clothing and accessories in Myanmar


Cloths and accessories costs


Pair of jeans or pants

3,200 MMK 4,600 MMK 6,800 MMK
MINIMUM AVERAGE MAXIMUM
$1.5 $2.2 $3.3

Woman dress

3,000 MMK 4,200 MMK 14,000 MMK
MINIMUM AVERAGE MAXIMUM
$1.4 $2 $6.5

Woman shoes

2,900 MMK 3,900 MMK 9,100 MMK
MINIMUM AVERAGE MAXIMUM
$1.4 $1.9 $4.3

Men's shoes

2,500 MMK 3,000 MMK 6,100 MMK
MINIMUM AVERAGE MAXIMUM
$1.2 $1.4 $2.9

Men suit

2,700 MMK 3,400 MMK 18,000 MMK
MINIMUM AVERAGE MAXIMUM
$1.3 $1.6 $8.7

Regular t-shirt

1,400 MMK 1,800 MMK 5,500 MMK
MINIMUM AVERAGE MAXIMUM
$0.65 $0.87 $2.6
Chart showing the prices and cost of housing, accommodation, and rent in Myanmar


Housing costs / monthly rent


Studio apartment

46,000 MMK 68,000 MMK 180,000 MMK
MINIMUM AVERAGE MAXIMUM
$22 $33 $87

1-bedroom apartment

68,000 MMK 110,000 MMK 270,000 MMK
MINIMUM AVERAGE MAXIMUM
$33 $52 $130

2-bedroom apartment

91,000 MMK 140,000 MMK 360,000 MMK
MINIMUM AVERAGE MAXIMUM
$43 $65 $170

Housing costs / Buying


Studio apartment

9.1M MMK 14M MMK 27M MMK
MINIMUM AVERAGE MAXIMUM
$4,300 $6,500 $13,000

1-bedroom apartment

11M MMK 18M MMK 68M MMK
MINIMUM AVERAGE MAXIMUM
$5,200 $8,700 $33,000

2-bedroom apartment

18M MMK 55M MMK 110M MMK
MINIMUM AVERAGE MAXIMUM
$8,700 $26,000 $52,000
Chart showing the prices and cost of furniture in Myanmar


Furniture Costs


King Size Bed

55,000 MMK 68,000 MMK 91,000 MMK
MINIMUM AVERAGE MAXIMUM
$26 $33 $43

Double Bed

36,000 MMK 55,000 MMK 68,000 MMK
MINIMUM AVERAGE MAXIMUM
$17 $26 $33

Single Bed

32,000 MMK 42,000 MMK 55,000 MMK
MINIMUM AVERAGE MAXIMUM
$15 $20 $26

Living Room

61,000 MMK 78,000 MMK 270,000 MMK
MINIMUM AVERAGE MAXIMUM
$29 $37 $130

Dining Table

27,000 MMK 36,000 MMK 68,000 MMK
MINIMUM AVERAGE MAXIMUM
$13 $17 $33

Sofa or Couch

36,000 MMK 50,000 MMK 110,000 MMK
MINIMUM AVERAGE MAXIMUM
$17 $24 $52
Chart showing the prices and cost of electronic devices and appliances in Myanmar


Electronics and House Appliance Costs


TV Set

36,000 MMK 55,000 MMK 110,000 MMK
MINIMUM AVERAGE MAXIMUM
$17 $26 $52

Fridge or Freezer

32,000 MMK 50,000 MMK 68,000 MMK
MINIMUM AVERAGE MAXIMUM
$15 $24 $33

Washing Machine

42,000 MMK 61,000 MMK 110,000 MMK
MINIMUM AVERAGE MAXIMUM
$20 $29 $52

Stove or Cooker

39,000 MMK 50,000 MMK 68,000 MMK
MINIMUM AVERAGE MAXIMUM
$19 $24 $33

Mobile Phone

46,000 MMK 55,000 MMK 78,000 MMK
MINIMUM AVERAGE MAXIMUM
$22 $26 $37

Laptop or Computer

50,000 MMK 61,000 MMK 110,000 MMK
MINIMUM AVERAGE MAXIMUM
$24 $29 $52
Single person or Individual cost of living and expenditure to income ratio in Myanmar

Single person expenditure to income ratio in Myanmar

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

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

78%

73% to 86%

( expenditure / income ) x 100


Individuals in Myanmar spend around 78% of their monthly income. Some individuals spend as low as 73% of their income while some as high as 86%.

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

How do individuals spend their money in Myanmar?

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 Cost29%

29% of total expenses on average (17% to 41%)

LOW$9.1   19,000 MMK
AVERAGE$65   140,000 MMK
HIGH$440   920,000 MMK
Per Month

Individuals in Myanmar typically spend from 17% to 41% of their total monthly expenditure on housing with 29% being the average. The average monthly spend on housing is 140,000 MMK with expenditure ranging from 19,000 MMK to 920,000 MMK. 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 utilities9%

9% of total expenses on average (5% to 14%)

LOW$1.5   3,200 MMK
AVERAGE$11   23,000 MMK
HIGH$73   150,000 MMK
Per Month

Utility expenditure like electricity, water, and gas in Myanmar ranges from 5% to 14% of total expenses with 9% being the average for most individuals. The average monthly cost of utilities is 23,000 MMK with 3,200 MMK and 150,000 MMK 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$2   4,300 MMK
AVERAGE$15   31,000 MMK
HIGH$97   200,000 MMK
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 4,300 MMK to 200,000 MMK in a month on commuting with 31,000 MMK 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$4.1   8,500 MMK
AVERAGE$29   61,000 MMK
HIGH$190   410,000 MMK
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Myanmar is 61,000 MMK. The cost of groceries can range between 8,500 MMK to 410,000 MMK. 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$2.3   4,800 MMK
AVERAGE$16   34,000 MMK
HIGH$110   230,000 MMK
Per Month

Individuals in Myanmar 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 4,800 MMK to 230,000 MMK with 34,000 MMK being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping2%

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

LOW$1.3   2,700 MMK
AVERAGE$9.1   19,000 MMK
HIGH$61   130,000 MMK
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 2,700 MMK to 130,000 MMK with 19,000 MMK being the average. Speaking of percentages, that equates to 2% to 5% of total expenses with an average of 2% 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$0.51   1,100 MMK
AVERAGE$3.6   7,600 MMK
HIGH$24   51,000 MMK
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 7,600 MMK per month with 1,100 MMK being the minimum spent amount and 51,000 MMK being the maximum.

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW$4.6   9,600 MMK
AVERAGE$33   69,000 MMK
HIGH$220   460,000 MMK
Per Month
Percentage of individuals who manage to save money from their income every month in Myanmar

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


Percentage of individuals that reported their ability to save money


Saving Money
56%
Not Saving
44%

Almost 56% of surveyed individuals in Myanmar said that they can save some money at the end of each month while 44% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Myanmar

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

11% 19% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

12,000 MMK
$5.8
110,000 MMK
$52
730,000 MMK
$350
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%32%
10% - 20%25%
20% - 30%16%
30% - 40%13%
40% - 50%10%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 11% to 30% of their monthly income to their savings, with 19% being the average for most individuals. The average monthly amount of money that individuals can put aside is 110,000 MMK with 12,000 MMK and 730,000 MMK being the minimum and maximum respectively.

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

Saving Challenges in Myanmar

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans13%
Lack of Budgeting Skills12%
Impulsive Spending12%
Financial Emergencies7%
Living the moment5%
Will do it later21%
Inflation13%
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. 13% of the residents said that they are burdened with debt and find it challenging to save money. 12% 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. 12% 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. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 21% 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. 13% 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.

Where do individuals choose to put their savings in Myanmar

Typical saving choices for individuals in Myanmar

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold13%
Savings Accounts17%
Retirement Accounts10%
Cash Savings21%
Real Estate9%
Investment5%
Stocks4%
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.

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

Affordable living in Myanmar

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Myanmar?


Yes
47%
No
53%

Around 47% of surveyed individuals think that living in Myanmar is affordable with proper budgeting while 53% 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 Myanmar

Low-cost alternatives in Myanmar

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 options55%

Few low-cost options45%


Based on the survey, 55% of the individuals living in Myanmar have no problem finding low-cost alternatives to support a frugal lifestyle while 45% 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 of Myanmar whether they have an emergency fund and the answers were as follows.

Yes47%

No53%


Based on the survey, 53% of the individuals living in Myanmar said that they don't have an emergency fund while 47% said that they do.

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

Financial Literacy in Myanmar

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 Leteracy42%


We asked individuals in Myanmar whether they acquired any adequate personal financial training in their lives. Approximately 58% 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 42% 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 Myanmar have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 49% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 51% said that they have everything under control.

Struggles with finance49%

Easily manages finances51%

Financial goals and targets of single people living in Myanmar

Financial goals of individuals in Myanmar

In an attempt to understand the economic situation in Myanmar, 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 Reduction44%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing6%
Travel or Lifestyle6%
Healthcare Expenses14%
Financial Independence4%

Around 8% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 44% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% 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. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 6% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 14% 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 Myanmar

Debt, loans, and mortgages in Myanmar


Percentage of individuals who are in debt


In Debt
28%
Debt Free
72%

According to the survey, 28% of the individuals in Myanmar have some kind of debt, loan, mortgage, or credit card payments while 72% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Myanmar

Debt-to-income ratio in Myanmar

Debt to income ratio

32%

25% to 41%

( 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 32% of a single person's monthly income in Myanmar goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%19%
40% - 50%15%
30% - 40%17%
20% - 30%10%
10% - 20%11%
0% - 10%25%

According to our data, 3% of the debtors in Myanmar pay 60%+ of their income as debt settlement while 19% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 10% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Myanmar

Debt% People
Real Estate Mortgage8%
Auto Loan14%
Student Loan4%
Credit Card30%
Personal Loan44%

8% of debtors in Myanmar confirm that real estate mortgages constitutes the main part of their outstanding debt while 30% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 14% of people and personal loans rose at 44%. Lastly, student loans are the main source of debt for 4% of debtors in Myanmar.


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 Myanmar

Besides measuring the loan-to-income ratio, we asked individuals of Myanmar 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
Never50%
Once a year24%
Twice a year13%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Myanmar

Housing costs, accommodation, and housing affordability in Myanmar

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


Rent Cost in Myanmar

Monthly Rent Prices

Studio apartment monthly rent cost

46,000 MMK 68,000 MMK 180,000 MMK
MINIMUM AVERAGE MAXIMUM
$22 $33 $87

1-bedroom apartment monthly rent cost

68,000 MMK 110,000 MMK 270,000 MMK
MINIMUM AVERAGE MAXIMUM
$33 $52 $130

2-bedroom apartment monthly rent cost

91,000 MMK 140,000 MMK 360,000 MMK
MINIMUM AVERAGE MAXIMUM
$43 $65 $170

3-bedroom apartment monthly rent cost

110,000 MMK 180,000 MMK 500,000 MMK
MINIMUM AVERAGE MAXIMUM
$52 $87 $240

Furnished apartment monthly rent cost

220,000 MMK 550,000 MMK 1.1M MMK
MINIMUM AVERAGE MAXIMUM
$100 $260 $520

Townhouse monthly rent cost

180,000 MMK 270,000 MMK 780,000 MMK
MINIMUM AVERAGE MAXIMUM
$87 $130 $370

House monthly rent cost

220,000 MMK 550,000 MMK 1.1M MMK
MINIMUM AVERAGE MAXIMUM
$100 $260 $520

Villa monthly rent cost

270,000 MMK 680,000 MMK 1.1M MMK
MINIMUM AVERAGE MAXIMUM
$130 $330 $520

The monthly rental cost of a studio apartment in Myanmar ranges between 46,000 MMK and 180,000 MMK, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 68,000 MMK to 270,000 MMK. Two-bedroom rentals rate ranges between 91,000 MMK and 360,000 MMK per month. The monthly rental for a three-bedroom apartment ranges from 110,000 MMK to 500,000 MMK. The average rent of a townhouse in Myanmar is around 270,000 MMK while house rental costs can be as high as 550,000 MMK per month. Finally, if you want to rent a villa, expect to pay anywhere from 270,000 MMK to 1.1M MMK per month.



Apartment and house prices in Myanmar

Cost of buying a property

Studio apartment price

9.1M MMK 14M MMK 27M MMK
MINIMUM AVERAGE MAXIMUM
$4,300 $6,500 $13,000

1-bedroom apartment price

11M MMK 18M MMK 68M MMK
MINIMUM AVERAGE MAXIMUM
$5,200 $8,700 $33,000

2-bedroom apartment price

18M MMK 55M MMK 110M MMK
MINIMUM AVERAGE MAXIMUM
$8,700 $26,000 $52,000

3-bedroom apartment price

61M MMK 91M MMK 270M MMK
MINIMUM AVERAGE MAXIMUM
$29,000 $43,000 $130,000

Townhouse price

78M MMK 180M MMK 680M MMK
MINIMUM AVERAGE MAXIMUM
$37,000 $87,000 $330,000

House price

91M MMK 550M MMK 780M MMK
MINIMUM AVERAGE MAXIMUM
$43,000 $260,000 $370,000

Villa price

110M MMK 610M MMK 910M MMK
MINIMUM AVERAGE MAXIMUM
$52,000 $290,000 $430,000

The average price of a studio apartment in Myanmar can range from 9.1M MMK to 27M MMK depending on location. One bedroom cost can be anywhere from 11M MMK to 68M MMK. A villa can cost you 610M MMK on average with prices ranging from 110M MMK to 910M MMK.


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


29 x82 monthly income 189
MINIMUM AVERAGE MAXIMUM

Property prices in Myanmar can be x82 to x189 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x82 multiples of the average monthly salary in Myanmar.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


18% 28% of income 38%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Myanmar is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 18% to 38% 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
26%

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
1.8%
AVERAGE
2.8%
TO
3.8%

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.


850 MMK 11,000 MMK 110,000 MMK
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.

Monthly costs and expenses of energy and basic utilities in Myanmar

Utilities expenditure can vary slightly between different areas and locations.


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

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

3,200 MMK 23,000 MMK 150,000 MMK
MINIMUM AVERAGE MAXIMUM
$1.5 $11 $73

Internet and cable cost

2,700 MMK 5,500 MMK 7,300 MMK
MINIMUM AVERAGE MAXIMUM
$1.3 $2.6 $3.5

Mobile phone bill and charges

2,200 MMK 3,600 MMK 11,000 MMK
MINIMUM AVERAGE MAXIMUM
$1 $1.7 $5.2

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 23,000 MMK. The cost of internet and WiFi ranges from 2,700 MMK to 7,300 MMK with 5,500 MMK being the average internet bill. Finally, the average monthly mobile charges is around 3,600 MMK but can range between 2,200 MMK and 11,000 MMK 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


4% 7% of income 11%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Myanmar is around 7%. This means that people pay 7% of their income for energy, water, internet, and mobile charges. Those figures can range from 4% to 11% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Myanmar

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


Prices and cost of goods and services in Myanmar

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

Fast food combo meal price

550 MMK 1,100 MMK 1,800 MMK
MINIMUM AVERAGE MAXIMUM
$0.26 $0.52 $0.87

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Myanmar is approximatly 1,100 MMK with meal cost ranging from 550 MMK to 1,800 MMK. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

1,800 MMK 2,700 MMK 5,500 MMK
MINIMUM AVERAGE MAXIMUM
$0.87 $1.3 $2.6

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 1,800 MMK and 5,500 MMK with 2,700 MMK being the average price of a plate for one person at a regular restaurant in Myanmar.

Fine dining meal for one price

3,600 MMK 5,500 MMK 22,000 MMK
MINIMUM AVERAGE MAXIMUM
$1.7 $2.6 $10

The price range of a meal at fine-dining restaurant is 3,600 MMK to 22,000 MMK with the average cost being 5,500 MMK for one person. This is what you would expect to pay a top-tier diner in Myanmar.

Beverage prices, cappuccino, latte etc..

460 MMK 730 MMK 1,100 MMK
MINIMUM AVERAGE MAXIMUM
$0.22 $0.35 $0.52

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Myanmar is around 730 MMK. Price ranges between 460 MMK and 1,100 MMK depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

360 MMK 440 MMK 550 MMK
MINIMUM AVERAGE MAXIMUM
$0.17 $0.21 $0.26

The average price of a large bottle of milk in Myanmar is 440 MMK. The maximum what you would pay for milk is 550 MMK and the minimum being 360 MMK depending on the brand of milk and other properties.

12 eggs price

270 MMK 360 MMK 550 MMK
MINIMUM AVERAGE MAXIMUM
$0.13 $0.17 $0.26

A dozen eggs costs around 360 MMK on average with 270 MMK and 550 MMK being the lower and upper limits respectively.

Fresh whole chicken price

620 MMK 800 MMK 1,100 MMK
MINIMUM AVERAGE MAXIMUM
$0.30 $0.38 $0.54

The price range of a fresh whole chicken in Myanmar is between 620 MMK and 1,100 MMK depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 800 MMK.

Pack of beef price

730 MMK 1,100 MMK 2,200 MMK
MINIMUM AVERAGE MAXIMUM
$0.35 $0.52 $1

The price of a regular pack of beef or meat is around 1,100 MMK. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

290 MMK 400 MMK 570 MMK
MINIMUM AVERAGE MAXIMUM
$0.14 $0.19 $0.27

A bag of rice in Myanmar costs around 400 MMK on average with prices rangeing between 290 MMK and 570 MMK depending on the brand and quality.

Bag of tomatos price

110 MMK 150 MMK 270 MMK
MINIMUM AVERAGE MAXIMUM
$0.05 $0.07 $0.13

A bag of tomatoes costs anywhere from 110 MMK to 270 MMK. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

200 MMK 260 MMK 420 MMK
MINIMUM AVERAGE MAXIMUM
$0.09 $0.12 $0.20

A bag of apples costs 260 MMK 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


19% 27% of income 33%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Myanmar is around 27%. This means that individuals spend 27% of their income on grocery and basic household items. The expenditure can range from 19% to 33% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 8,500 MMK to 410,000 MMK with the location, income being the most determinite factors.

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