Cost Of Living For a Student in Bujumbura 2024

Average monthly spending for students in Bujumbura

How much money does a student need in a month to survive in Bujumbura?

Students in Bujumbura spend around 690,000 BIF per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 100,000 BIF or as high as 4.6M BIF. Location is a very important factor and has a huge influence on expenditure and budget.

How do students spend their money in Bujumbura?

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

Housing and accomodation expenditure for students

Students in Bujumbura typically spend from 13% to 24% of their total monthly expenditure on housing with 18% being the average. The average monthly spend on housing is 170,000 BIF with expenditure ranging from 25,000 BIF to 1.1M BIF. This cost mainly goes for rent but it also includes other accommodation-related expenses.

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

Utility expenditure like electricity, water, and gas in Bujumbura ranges from 5% to 11% of total expenses with 7% being the average for most students. The average monthly cost of utilities is 28,000 BIF with 4,200 BIF and 180,000 BIF being the upper and lower limits for a student of four.

Transport, fuel, and commute expenditure for students

Fuel consumption and cost of transport depend heavily on whether a student resides near school and work, but roughly speaking a student would expect to spend from 7,300 BIF to 320,000 BIF in a month on commuting with 49,000 BIF being the norm for most students. This means that money spent on transport constitutes about 4% of total spending on average but can go as low as 4% or as high as 10%.

Food, groceries, and basic shopping expenditure for students

The average outlay on groceries and basic houshold items for a typical student in a month in Bujumbura is 140,000 BIF. The cost of groceries can range between 21,000 BIF to 920,000 BIF. Students spend on average about 23% on food and groceries with upper and lower bounds of 17% and 27% respectively.

Healthcare and medical services expenditure for students

Students in Bujumbura allocate 6% to 12% 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 9%. The range of medical expenses range from 6,200 BIF to 280,000 BIF with 42,000 BIF being the norm for most students.

Leisure and shopping expenditure for students

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 5,200 BIF to 230,000 BIF with 35,000 BIF being the average. Speaking of percentages, that equates to 2% to 6% of total expenses with an average of 2% for most students.

Education and schooling expenditure for students

Spending on education can vary drastically between different students. On average, education constitutes 18% of the monthly expenditure of students with 11% and 23% being the lower and upper bounds respectively. The average reported education cost is 130,000 BIF per month with 20,000 BIF being the minimum spent amount and 880,000 BIF being the maximum.

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

Affordable living in Bujumbura

Income and cost of living compatibility

We asked students one simple question and recorded their answers.

Is it affordable or economical to live in Bujumbura?

Around 55% of surveyed students think that living in Bujumbura is affordable with proper budgeting while 46% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Bujumbura

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

Plenty of low-cost options62%

Few low-cost options38%

Based on the survey, 62% of the students living in Bujumbura have no problem finding low-cost alternatives to support a frugal lifestyle while 38% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds For Students

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

Yes53%

No47%

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

Financial Literacy in Burundi

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 Leteracy43%

We asked student guardians and parents in Bujumbura whether they acquired any adequate personal financial training in their lives. Approximately 57% 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 43% 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 students of Burundi have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 51% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 49% said that they have everything under control.

Struggles with finance51%

Easily manages finances49%

Housing costs, accommodation, and housing affordability in Bujumbura

Rent Cost in Bujumbura

Monthly Rent Prices

Studio apartment monthly rent cost

110,000 BIF

170,000 BIF

450,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$39

$59

$160

1-bedroom apartment monthly rent cost

170,000 BIF

270,000 BIF

670,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$59

$94

$240

2-bedroom apartment monthly rent cost

220,000 BIF

340,000 BIF

900,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$78

$120

$310

3-bedroom apartment monthly rent cost

270,000 BIF

450,000 BIF

1.2M BIF

MINIMUM

AVERAGE

MAXIMUM

$94

$160

$430

Furnished apartment monthly rent cost

540,000 BIF

1.3M BIF

2.7M BIF

MINIMUM

AVERAGE

MAXIMUM

$190

$470

$940

Townhouse monthly rent cost

450,000 BIF

670,000 BIF

1.9M BIF

MINIMUM

AVERAGE

MAXIMUM

$160

$240

$670

House monthly rent cost

540,000 BIF

1.3M BIF

2.7M BIF

MINIMUM

AVERAGE

MAXIMUM

$190

$470

$940

Villa monthly rent cost

670,000 BIF

1.7M BIF

2.7M BIF

MINIMUM

AVERAGE

MAXIMUM

$240

$590

$940

The monthly rental cost of a studio apartment in Bujumbura ranges between 110,000 BIF and 450,000 BIF, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 170,000 BIF to 670,000 BIF. Two-bedroom rentals rate ranges between 220,000 BIF and 900,000 BIF per month. The monthly rental for a three-bedroom apartment ranges from 270,000 BIF to 1.2M BIF. The average rent of a townhouse in Bujumbura is around 670,000 BIF while house rental costs can be as high as 1.3M BIF per month. Finally, if you want to rent a villa, expect to pay anywhere from 670,000 BIF to 2.7M BIF per month.

Apartment and house prices in Bujumbura

Cost of buying a property

Studio apartment price

22M BIF

34M BIF

67M BIF

MINIMUM

AVERAGE

MAXIMUM

$7,800

$12,000

$24,000

1-bedroom apartment price

27M BIF

45M BIF

170M BIF

MINIMUM

AVERAGE

MAXIMUM

$9,400

$16,000

$59,000

2-bedroom apartment price

45M BIF

130M BIF

270M BIF

MINIMUM

AVERAGE

MAXIMUM

$16,000

$47,000

$94,000

3-bedroom apartment price

150M BIF

220M BIF

670M BIF

MINIMUM

AVERAGE

MAXIMUM

$52,000

$78,000

$240,000

Townhouse price

190M BIF

450M BIF

1,700M BIF

MINIMUM

AVERAGE

MAXIMUM

$67,000

$160,000

$590,000

House price

220M BIF

1,300M BIF

1,900M BIF

MINIMUM

AVERAGE

MAXIMUM

$78,000

$470,000

$670,000

Villa price

270M BIF

1,500M BIF

2,200M BIF

MINIMUM

AVERAGE

MAXIMUM

$94,000

$520,000

$780,000

The average price of a studio apartment in Bujumbura can range from 22M BIF to 67M BIF depending on location. One bedroom cost can be anywhere from 27M BIF to 170M BIF. A villa can cost you 1,500M BIF on average with prices ranging from 270M BIF to 2,200M BIF.

House / apartment prices to income ratio

Property prices in Bujumbura can be x93 to x215 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x93 multiples of the average monthly salary in Bujumbura.

Rent to income ratio

The average rent-to-income ratio in Bujumbura is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 20% to 43% depending on the salary, location, and type of property.

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.

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.

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 Bujumbura

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

Utility Bill Cost / Electricity + Water + Gas / Student

4,200 BIF

28,000 BIF

180,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$1.5

$9.7

$65

Internet and cable cost

6,100 BIF

12,000 BIF

16,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$2.1

$4.3

$5.7

Mobile phone bill and charges

4,900 BIF

8,200 BIF

25,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$1.7

$2.9

$8.6

The average monthly energy and water consumption of students is around 28,000 BIF. The cost of internet and WiFi ranges from 6,100 BIF to 16,000 BIF with 12,000 BIF being the average internet bill. Finally, the average monthly mobile charges is around 8,200 BIF but can range between 4,900 BIF and 25,000 BIF depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Bujumbura is around 7.9%. This means that people pay 7.9% of their income for energy, water, internet, and mobile charges. Those figures can range from 4.5% to 13% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Bujumbura

Prices and cost of goods and services in Bujumbura

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

Fast food combo meal price

1,200 BIF

2,500 BIF

4,100 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.43

$0.86

$1.4

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Bujumbura is approximatly 2,500 BIF with meal cost ranging from 1,200 BIF to 4,100 BIF. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

4,300 BIF

6,400 BIF

13,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$1.5

$2.2

$4.5

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 4,300 BIF and 13,000 BIF with 6,400 BIF being the average price of a plate for one person at a regular restaurant in Bujumbura.

Fine dining meal for one price

8,600 BIF

13,000 BIF

52,000 BIF

MINIMUM

AVERAGE

MAXIMUM

$3

$4.5

$18

The price range of a meal at fine-dining restaurant is 8,600 BIF to 52,000 BIF with the average cost being 13,000 BIF for one person. This is what you would expect to pay a top-tier diner in Bujumbura.

Beverage prices, cappuccino, latte etc..

1,000 BIF

1,600 BIF

2,500 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.36

$0.57

$0.86

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Bujumbura is around 1,600 BIF. Price ranges between 1,000 BIF and 2,500 BIF depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

820 BIF

980 BIF

1,200 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.29

$0.34

$0.43

The average price of a large bottle of milk in Bujumbura is 980 BIF. The maximum what you would pay for milk is 1,200 BIF and the minimum being 820 BIF depending on the brand of milk and other properties.

12 eggs price

610 BIF

820 BIF

1,200 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.21

$0.29

$0.43

A dozen eggs costs around 820 BIF on average with 610 BIF and 1,200 BIF being the lower and upper limits respectively.

Fresh whole chicken price

1,400 BIF

1,800 BIF

2,600 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.49

$0.63

$0.89

The price range of a fresh whole chicken in Bujumbura is between 1,400 BIF and 2,600 BIF depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 1,800 BIF.

Pack of beef price

1,600 BIF

2,500 BIF

4,900 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.57

$0.86

$1.7

The price of a regular pack of beef or meat is around 2,500 BIF. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

660 BIF

900 BIF

1,300 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.23

$0.32

$0.45

A bag of rice in Bujumbura costs around 900 BIF on average with prices rangeing between 660 BIF and 1,300 BIF depending on the brand and quality.

Bag of tomatos price

250 BIF

330 BIF

610 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.09

$0.11

$0.21

A bag of tomatoes costs anywhere from 250 BIF to 610 BIF. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

440 BIF

570 BIF

950 BIF

MINIMUM

AVERAGE

MAXIMUM

$0.15

$0.20

$0.33

A bag of apples costs 570 BIF on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Bujumbura is around 31%. This means that students spend 31% of their income on grocery and basic household items. The expenditure can range from 22% to 38% depending on salary and location.

Expenditure on food and grocery for students