Cost Of Living in Volgograd 2024

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

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

Average Monthly Expenditure

100,000 RUB

per month
$1,100

7,900 RUB   $87
$11,000   1M RUB

Single

71,000 RUB

per month
$790

24,000 RUB   $260
$5,200   480,000 RUB

Couple

120,000 RUB

per month
$1,300

40,000 RUB   $440
$7,000   630,000 RUB

Family

160,000 RUB

per month
$1,700

56,000 RUB   $610
$9,600   870,000 RUB

Student

48,000 RUB

per month
$530

19,000 RUB   $210
$950   86,000 RUB
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Volgograd is 71,000 RUB. Expenses can range from 24,000 RUB at the minimum level to 480,000 RUB at the highest end.


Couples

The average monthly spending of couples in Volgograd is 120,000 RUB. Expenditure can range from 40,000 RUB to 630,000 RUB per month.


Families

The average cost of living for families in Volgograd is 160,000 RUB per month. Families spend anywhere from 56,000 RUB to 870,000 RUB.


Students

The average monthly expenditure for students in Volgograd is 48,000 RUB. Students spend from 19,000 RUB to 86,000 RUB per month.


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

Prices and cost of goods and services in Volgograd


Dining, food, and beverages costs


Large bottle of water
13 RUB 15 RUB 17 RUB
MINIMUM AVERAGE MAXIMUM
$0.14 $0.16 $0.18
Fast food combo meal
110 RUB 220 RUB 360 RUB
MINIMUM AVERAGE MAXIMUM
$1.2 $2.4 $4
Restaurant meal for one
360 RUB 540 RUB 1,100 RUB
MINIMUM AVERAGE MAXIMUM
$4 $5.9 $12
Fine dining meal for one
720 RUB 1,100 RUB 4,300 RUB
MINIMUM AVERAGE MAXIMUM
$7.9 $12 $47
Soda or Soft Drink
16 RUB 18 RUB 22 RUB
MINIMUM AVERAGE MAXIMUM
$0.17 $0.20 $0.24
Cappuccino or latte
91 RUB 150 RUB 220 RUB
MINIMUM AVERAGE MAXIMUM
$1.00 $1.6 $2.4

Grocery and market costs


Milk large bottle
73 RUB 87 RUB 110 RUB
MINIMUM AVERAGE MAXIMUM
$0.80 $0.96 $1.2
Loaf of bread
13 RUB 15 RUB 17 RUB
MINIMUM AVERAGE MAXIMUM
$0.14 $0.16 $0.19
12 eggs
54 RUB 73 RUB 110 RUB
MINIMUM AVERAGE MAXIMUM
$0.60 $0.80 $1.2
Fresh whole chicken
120 RUB 160 RUB 230 RUB
MINIMUM AVERAGE MAXIMUM
$1.4 $1.8 $2.5
Beef 1 kg or 1 lb
150 RUB 220 RUB 440 RUB
MINIMUM AVERAGE MAXIMUM
$1.6 $2.4 $4.8
Rice 1 kg or 1 lb
58 RUB 80 RUB 110 RUB
MINIMUM AVERAGE MAXIMUM
$0.64 $0.88 $1.2
Tomato 1 kg or 1 lb
22 RUB 29 RUB 54 RUB
MINIMUM AVERAGE MAXIMUM
$0.24 $0.32 $0.60
Apples 1 kg or 1 lb
39 RUB 51 RUB 84 RUB
MINIMUM AVERAGE MAXIMUM
$0.43 $0.56 $0.92

Commute, travel, and transportation costs


20 minutes taxi ride
90 RUB 110 RUB 220 RUB
MINIMUM AVERAGE MAXIMUM
$0.99 $1.2 $2.4
Average car full tank
540 RUB 730 RUB 1,500 RUB
MINIMUM AVERAGE MAXIMUM
$6 $8 $16
Average car 1-day rental
530 RUB 710 RUB 1,100 RUB
MINIMUM AVERAGE MAXIMUM
$5.9 $7.8 $12
Average car price
270,000 RUB 540,000 RUB 730,000 RUB
MINIMUM AVERAGE MAXIMUM
$3,000 $6,000 $8,000
Bus ticket one way
18 RUB 27 RUB 53 RUB
MINIMUM AVERAGE MAXIMUM
$0.20 $0.29 $0.59
Car Service
710 RUB 1,100 RUB 2,100 RUB
MINIMUM AVERAGE MAXIMUM
$7.8 $12 $23

Utility cost (monthly)


Utility Bill - Individual
1,400 RUB 4,300 RUB 29,000 RUB
MINIMUM AVERAGE MAXIMUM
$16 $47 $310
Utility Bill - Couple
2,000 RUB 6,000 RUB 32,000 RUB
MINIMUM AVERAGE MAXIMUM
$22 $66 $350
Utility Bill - Family
1,700 RUB 4,800 RUB 26,000 RUB
MINIMUM AVERAGE MAXIMUM
$18 $52 $290
Internet and cable
540 RUB 1,100 RUB 1,500 RUB
MINIMUM AVERAGE MAXIMUM
$6 $12 $16
Mobile phone charges
440 RUB 730 RUB 2,200 RUB
MINIMUM AVERAGE MAXIMUM
$4.8 $8 $24

Leisure and activities costs


Movie ticket
270 RUB 360 RUB 540 RUB
MINIMUM AVERAGE MAXIMUM
$3 $4 $6
One month gym membership
850 RUB 1,100 RUB 2,100 RUB
MINIMUM AVERAGE MAXIMUM
$9.4 $12 $23

Cloths and accessories costs


Pair of jeans or pants
630 RUB 890 RUB 1,300 RUB
MINIMUM AVERAGE MAXIMUM
$6.9 $9.8 $15
Woman dress
590 RUB 820 RUB 2,700 RUB
MINIMUM AVERAGE MAXIMUM
$6.5 $9 $29
Woman shoes
560 RUB 760 RUB 1,800 RUB
MINIMUM AVERAGE MAXIMUM
$6.2 $8.4 $20
Men's shoes
490 RUB 590 RUB 1,200 RUB
MINIMUM AVERAGE MAXIMUM
$5.3 $6.5 $13
Men suit
530 RUB 670 RUB 3,600 RUB
MINIMUM AVERAGE MAXIMUM
$5.9 $7.3 $39
Regular t-shirt
270 RUB 360 RUB 1,100 RUB
MINIMUM AVERAGE MAXIMUM
$2.9 $3.9 $12

Housing costs / monthly rent


Studio apartment
8,900 RUB 13,000 RUB 36,000 RUB
MINIMUM AVERAGE MAXIMUM
$98 $150 $390
1-bedroom apartment
13,000 RUB 21,000 RUB 53,000 RUB
MINIMUM AVERAGE MAXIMUM
$150 $230 $590
2-bedroom apartment
18,000 RUB 27,000 RUB 71,000 RUB
MINIMUM AVERAGE MAXIMUM
$200 $290 $780

Housing costs / Buying


Studio apartment
1.8M RUB 2.7M RUB 5.3M RUB
MINIMUM AVERAGE MAXIMUM
$20,000 $29,000 $59,000
1-bedroom apartment
2.1M RUB 3.6M RUB 13M RUB
MINIMUM AVERAGE MAXIMUM
$23,000 $39,000 $150,000
2-bedroom apartment
3.6M RUB 11M RUB 21M RUB
MINIMUM AVERAGE MAXIMUM
$39,000 $120,000 $230,000

Furniture Costs


King Size Bed
11,000 RUB 14,000 RUB 18,000 RUB
MINIMUM AVERAGE MAXIMUM
$120 $150 $200
Double Bed
7,300 RUB 11,000 RUB 14,000 RUB
MINIMUM AVERAGE MAXIMUM
$80 $120 $150
Single Bed
6,400 RUB 8,400 RUB 11,000 RUB
MINIMUM AVERAGE MAXIMUM
$70 $92 $120
Living Room
12,000 RUB 16,000 RUB 54,000 RUB
MINIMUM AVERAGE MAXIMUM
$130 $170 $600
Dining Table
5,400 RUB 7,300 RUB 14,000 RUB
MINIMUM AVERAGE MAXIMUM
$60 $80 $150
Sofa or Couch
7,300 RUB 9,900 RUB 22,000 RUB
MINIMUM AVERAGE MAXIMUM
$80 $110 $240

Electronics and House Appliance Costs


TV Set
7,300 RUB 11,000 RUB 22,000 RUB
MINIMUM AVERAGE MAXIMUM
$80 $120 $240
Fridge or Freezer
6,400 RUB 9,900 RUB 14,000 RUB
MINIMUM AVERAGE MAXIMUM
$70 $110 $150
Washing Machine
8,400 RUB 12,000 RUB 22,000 RUB
MINIMUM AVERAGE MAXIMUM
$92 $130 $240
Stove or Cooker
7,800 RUB 9,900 RUB 14,000 RUB
MINIMUM AVERAGE MAXIMUM
$86 $110 $150
Mobile Phone
9,100 RUB 11,000 RUB 16,000 RUB
MINIMUM AVERAGE MAXIMUM
$100 $120 $170
Laptop or Computer
9,900 RUB 12,000 RUB 22,000 RUB
MINIMUM AVERAGE MAXIMUM
$110 $130 $240

Expenditure to Income Ratio in Volgograd

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.


Spending to Income Ratio

86%

78% to 95%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%5%
50% - 60%10%
60% - 70%17%
70% - 80%26%
80% - 90%18%
90% - 100%10%
100% - 110%5%
110% - 120%3%
120% - 130%2%
130% - 140%2%
> 140%1%

Interpretation and Analysis

The average spending-to-salary ratio in Volgograd is 86% This means that on average, people spend around 86% of their income for living. According to the distribution table, 17% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
78%
Spending-Income-Ratio
70%
86%

Couple
82%
Spending-Income-Ratio
74%
91%

Family
90%
Spending-Income-Ratio
82%
100%

How do people spend their money in Volgograd?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure25%

25% of total expenses on average (14% to 33%)

LOW$26   2,400 RUB
AVERAGE$340   31,000 RUB
HIGH$3,400   310,000 RUB
Per Month

People living in Volgograd typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 31,000 RUB with expenditure ranging from 2,400 RUB to 310,000 RUB. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water7%

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

LOW$4.4   400 RUB
AVERAGE$57   5,200 RUB
HIGH$570   52,000 RUB
Per Month

Utility expenditure like electricity, water, and gas in Volgograd ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 5,200 RUB with 400 RUB and 52,000 RUB being the upper and lower limits.

Transport, Fuel, Commute8%

8% of total expenses on average (4% to 12%)

LOW$8.7   790 RUB
AVERAGE$110   10,000 RUB
HIGH$1,100   100,000 RUB
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 790 RUB to 100,000 RUB on commuting with 10,000 RUB being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.

Food and Groceries Cost27%

27% of total expenses on average (19% to 33%)

LOW$22   2,000 RUB
AVERAGE$280   26,000 RUB
HIGH$2,800   260,000 RUB
Per Month

The average outlay on groceries in a month in Volgograd is 26,000 RUB. The cost of groceries can range between 2,000 RUB to 260,000 RUB. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

Healthcare and Medical Services9%

9% of total expenses on average (4% to 12%)

LOW$6.1   560 RUB
AVERAGE$80   7,200 RUB
HIGH$800   72,000 RUB
Per Month

People in Volgograd allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 560 RUB to 72,000 RUB with 7,200 RUB being the norm.

Leisure and Shopping5%

5% of total expenses on average (3% to 9%)

LOW$3.5   320 RUB
AVERAGE$45   4,100 RUB
HIGH$450   41,000 RUB
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 320 RUB to 41,000 RUB with 4,100 RUB being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.

Education and Schooling6%

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

LOW$5.2   480 RUB
AVERAGE$68   6,200 RUB
HIGH$680   62,000 RUB
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 6,200 RUB per month with 480 RUB being the minimum spent amount and 62,000 RUB being the maximum.

Other Expenses13%

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

LOW$11   1,000 RUB
AVERAGE$150   13,000 RUB
HIGH$1,500   130,000 RUB
Per Month

How much money can you save in Volgograd every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Volgograd manage to save money from their income every month?


Saving Money
62%
Not Saving
39%

Almost 62% of the surveyed people in Volgograd said that they can save some money at the end of each month while 39% said that aren't saving anything.


Percentage of people saving money by population group in Volgograd

GroupSaversNon Savers
Singles66%34%
Couples61%39%
Families56%45%

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.


Saving to Income Ratio

12% 21% of income 33%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

2,700 RUB
$30
36,000 RUB
$390
360,000 RUB
$3,900
MINIMUM AVERAGE MAXIMUM

For most people, 12% to 33% of their monthly income is what they can allocate to their savings, with 21% being the average. The amount of money that people can save is approximately 36,000 RUB on average with savings ranging from 2,700 RUB to 360,000 RUB.

66% of surveyed singles reported some of their income going to savings while 61% of couples said the same. 56% of families confirmed their ability to save money.


How much money do people actually save in Volgograd?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

15% 25% of income 35%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

8,200 RUB
$90
25,000 RUB
$270
160,000 RUB
$1,800
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%30%
10% - 20%24%
20% - 30%16%
30% - 40%15%
40% - 50%11%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 15% to 35% of their monthly income to savings, with 25% being the average for most singles. The average amount of money that singles are able to save is 25,000 RUB with 8,200 RUB and 160,000 RUB being the minimum and maximum respectively.


Couples

Saving to Income Ratio

13% 23% of income 34%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

14,000 RUB
$150
41,000 RUB
$450
220,000 RUB
$2,400
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%34%
10% - 20%26%
20% - 30%19%
30% - 40%10%
40% - 50%8%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 13% to 34% of their monthly income, with 23% being the average for most couples. The average amount of money that couples can save is 41,000 RUB with 14,000 RUB and 220,000 RUB being the minimum and maximum respectively.


Families

Saving to Income Ratio

11% 20% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

19,000 RUB
$210
55,000 RUB
$600
300,000 RUB
$3,300
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%37%
10% - 20%29%
20% - 30%20%
30% - 40%7%
40% - 50%5%
> 50%2%

Interpretation and Analysis

Families in Volgograd can save anywhere between 11% to 30% of their monthly income, with 20% being the average for most families. The average amount of money that families can put aside is 55,000 RUB with 19,000 RUB and 300,000 RUB being the minimum and maximum respectively.

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.

Affordable living in Volgograd

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Volgograd?


Yes
63%
No
38%

Around 63% of surveyed residents think that living in Volgograd is affordable with proper budgeting while 38% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Volgograd

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options60%

Few low-cost options41%


Based on the survey, 60% of the people living in Volgograd have no problem finding low-cost alternatives to support a frugal lifestyle while 41% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Volgograd whether they have an emergency fund and the answers were as follows.

Yes61%

No40%


Based on the survey, 40% of the people living in Volgograd said that they don't have an emergency fund while 61% said that they do.

Financial Literacy in Russia

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 Leteracy56%


We asked residents of Russia whether they acquired any adequate personal financial training in their lives. Approximately 44% 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 56% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Russia have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 40% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 60% said that they have everything under control.

Struggles with finance40%

Easily manages finances60%

Financial goals of people in Volgograd

In an attempt to understand the economic situation in Volgograd, 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 Reduction37%
Retirement Savings9%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle9%
Healthcare Expenses11%
Financial Independence7%

Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 37% 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 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 9% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 11% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Saving Challenges in Volgograd

Reasons that make it difficult for people to save money

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


Reason% People
Low Income6%
High Expenses9%
Debt and Loans16%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later19%
Inflation12%
Social Pressure3%
Market Instability3%

Around 6% of the people 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. 16% 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% 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. 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 societal expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Typical saving choices for people in Volgograd

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold11%
Savings Accounts17%
Retirement Accounts11%
Cash Savings18%
Real Estate10%
Investment6%
Stocks5%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%

Retirement, pension plans, and life after work in Volgograd

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

Retirement age

The retirement age for most employees in Russia is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Volgograd:
AgeAmount
25280,000 RUB
30550,000 RUB
35970,000 RUB
401.4M RUB
452.1M RUB
502.9M RUB
553.5M RUB
604.3M RUB
655.1M RUB

Retirement Income Distribution

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

Source% People
Pensions13%
Savings22%
Investments13%
Social Security8%
Annuities8%
Part-time Job12%
Real Estate17%
Dividends and Interest8%

Retirement Monthly Expenses in Volgograd

17,000 RUB
$190
52,000 RUB
$570
350,000 RUB
$3,800
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Volgograd


Percentage of people who are in debt


In Debt
29%
Debt Free
71%

According to the survey, 29% of the people in Volgograd have some kind of debt, loan, mortgage, or credit card payments while 71% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Volgograd

Debt to income ratio

30%

21% to 39%

( 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 30% of the people's monthly income in Volgograd goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%15%
40% - 50%13%
30% - 40%15%
20% - 30%13%
10% - 20%15%
0% - 10%27%

According to our data, 3% of the debtors in Volgograd pay 60%+ of their income as debt settlement while 15% 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 13% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Volgograd

Debt% People
Real Estate Mortgage11%
Auto Loan19%
Student Loan3%
Credit Card27%
Personal Loan40%

11% of debtors in Volgograd confirm that real estate mortgages constitutes the main part of their outstanding debt while 27% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 19% of people and personal loans rose at 40%. Lastly, student loans are the main source of debt for 3% of debtors in Volgograd.


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 Volgograd

Besides measuring the loan-to-income ratio, we asked residents of Volgograd 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
Never53%
Once a year23%
Twice a year12%
Three times a year8%
Four times a year4%

Housing costs, accommodation, and housing affordability in Volgograd

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


Rent Cost in Volgograd

Monthly Rent Prices

Studio apartment
8,900 RUB 13,000 RUB 36,000 RUB
MINIMUM AVERAGE MAXIMUM
$98 $150 $390
1-bedroom apartment
13,000 RUB 21,000 RUB 53,000 RUB
MINIMUM AVERAGE MAXIMUM
$150 $230 $590
2-bedroom apartment
18,000 RUB 27,000 RUB 71,000 RUB
MINIMUM AVERAGE MAXIMUM
$200 $290 $780
3-bedroom apartment
21,000 RUB 36,000 RUB 97,000 RUB
MINIMUM AVERAGE MAXIMUM
$230 $390 $1,100
Furnished apartment
43,000 RUB 110,000 RUB 210,000 RUB
MINIMUM AVERAGE MAXIMUM
$470 $1,200 $2,300
Townhouse
36,000 RUB 53,000 RUB 150,000 RUB
MINIMUM AVERAGE MAXIMUM
$390 $590 $1,700
House
43,000 RUB 110,000 RUB 210,000 RUB
MINIMUM AVERAGE MAXIMUM
$470 $1,200 $2,300
Villa
53,000 RUB 130,000 RUB 210,000 RUB
MINIMUM AVERAGE MAXIMUM
$590 $1,500 $2,300

The monthly rental cost of a studio apartment in Volgograd ranges between 8,900 RUB and 36,000 RUB, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 13,000 RUB to 53,000 RUB. Two-bedroom rentals rate ranges between 18,000 RUB and 71,000 RUB per month. The monthly rental for a three-bedroom apartment ranges from 21,000 RUB to 97,000 RUB. The average rent of a townhouse in Volgograd is around 53,000 RUB while house rental costs can be as high as 110,000 RUB per month. Finally, if you want to rent a villa, expect to pay anywhere from 53,000 RUB to 210,000 RUB per month.



Apartment and house prices in Volgograd

Cost of buying a property

Studio apartment
1.8M RUB 2.7M RUB 5.3M RUB
MINIMUM AVERAGE MAXIMUM
$20,000 $29,000 $59,000
1-bedroom apartment
2.1M RUB 3.6M RUB 13M RUB
MINIMUM AVERAGE MAXIMUM
$23,000 $39,000 $150,000
2-bedroom apartment
3.6M RUB 11M RUB 21M RUB
MINIMUM AVERAGE MAXIMUM
$39,000 $120,000 $230,000
3-bedroom apartment
12M RUB 18M RUB 53M RUB
MINIMUM AVERAGE MAXIMUM
$130,000 $200,000 $590,000
Townhouse
15M RUB 36M RUB 130M RUB
MINIMUM AVERAGE MAXIMUM
$170,000 $390,000 $1.5M
House
18M RUB 110M RUB 150M RUB
MINIMUM AVERAGE MAXIMUM
$200,000 $1.2M $1.7M
Villa
21M RUB 120M RUB 180M RUB
MINIMUM AVERAGE MAXIMUM
$230,000 $1.3M $2M

The average price of a studio apartment in Volgograd can range from 1.8M RUB to 5.3M RUB depending on location. One bedroom cost can be anywhere from 2.1M RUB to 13M RUB. A villa can cost you 120M RUB on average with prices ranging from 21M RUB to 180M RUB.


If you're leasing or purchasing, housing costs in Volgograd 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 x117 monthly income 213
MINIMUM AVERAGE MAXIMUM

Property prices in Volgograd can be x117 to x213 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x117 multiples of the average monthly salary in Volgograd.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


22% 32% of income 42%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Volgograd is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 22% to 42% 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
2.2%
AVERAGE
3.2%
TO
4.3%

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.


160 RUB 2,100 RUB 21,000 RUB
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.


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

Housing31%

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

LOW$94   8,600 RUB
AVERAGE$280   26,000 RUB
HIGH$1,900   170,000 RUB
Per Month

Utilities, Electricity, Water8%

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

LOW$16   1,400 RUB
AVERAGE$47   4,300 RUB
HIGH$310   29,000 RUB
Per Month

Transport, Fuel6%

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

LOW$21   1,900 RUB
AVERAGE$63   5,700 RUB
HIGH$420   38,000 RUB
Per Month

Food and Groceries18%

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

LOW$42   3,800 RUB
AVERAGE$130   11,000 RUB
HIGH$840   76,000 RUB
Per Month

Healthcare11%

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

LOW$24   2,100 RUB
AVERAGE$71   6,400 RUB
HIGH$470   43,000 RUB
Per Month

Leisure, Shopping3%

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

LOW$13   1,200 RUB
AVERAGE$39   3,600 RUB
HIGH$260   24,000 RUB
Per Month

Education2%

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

LOW$5.2   480 RUB
AVERAGE$16   1,400 RUB
HIGH$100   9,500 RUB
Per Month

Other Expenses21%

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

LOW$47   4,300 RUB
AVERAGE$140   13,000 RUB
HIGH$940   86,000 RUB
Per Month


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

Housing28%

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

LOW$140   13,000 RUB
AVERAGE$430   39,000 RUB
HIGH$2,300   210,000 RUB
Per Month

Utilities, Electricity, Water7%

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

LOW$22   2,000 RUB
AVERAGE$66   6,000 RUB
HIGH$350   32,000 RUB
Per Month

Transport, Fuel10%

10% of total expenses on average (4% to 15%)

LOW$52   4,800 RUB
AVERAGE$160   14,000 RUB
HIGH$840   76,000 RUB
Per Month

Food and Groceries16%

16% of total expenses on average (11% to 21%)

LOW$61   5,600 RUB
AVERAGE$180   17,000 RUB
HIGH$980   89,000 RUB
Per Month

Healthcare13%

13% of total expenses on average (7% to 17%)

LOW$48   4,400 RUB
AVERAGE$140   13,000 RUB
HIGH$770   70,000 RUB
Per Month

Leisure, Shopping4%

4% of total expenses on average (2% to 7%)

LOW$26   2,400 RUB
AVERAGE$79   7,100 RUB
HIGH$420   38,000 RUB
Per Month

Education2%

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

LOW$8.7   790 RUB
AVERAGE$26   2,400 RUB
HIGH$140   13,000 RUB
Per Month

Other Expenses20%

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

LOW$74   6,700 RUB
AVERAGE$220   20,000 RUB
HIGH$1,200   110,000 RUB
Per Month


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

Housing27%

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

LOW$200   18,000 RUB
AVERAGE$560   51,000 RUB
HIGH$3,100   280,000 RUB
Per Month

Transport, Fuel6%

6% of total expenses on average (4% to 8%)

LOW$49   4,400 RUB
AVERAGE$140   13,000 RUB
HIGH$770   70,000 RUB
Per Month

Food and Groceries20%

20% of total expenses on average (13% to 26%)

LOW$110   10,000 RUB
AVERAGE$310   29,000 RUB
HIGH$1,700   160,000 RUB
Per Month

Healthcare10%

10% of total expenses on average (6% to 15%)

LOW$49   4,400 RUB
AVERAGE$140   13,000 RUB
HIGH$770   70,000 RUB
Per Month

Leisure, Shopping3%

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

LOW$31   2,800 RUB
AVERAGE$87   7,900 RUB
HIGH$480   44,000 RUB
Per Month

Education14%

14% of total expenses on average (7% to 22%)

LOW$86   7,800 RUB
AVERAGE$240   22,000 RUB
HIGH$1,300   120,000 RUB
Per Month

Other Expenses15%

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

LOW$73   6,700 RUB
AVERAGE$210   19,000 RUB
HIGH$1,200   100,000 RUB
Per Month


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

Housing19%

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

LOW$51   4,600 RUB
AVERAGE$130   12,000 RUB
HIGH$230   21,000 RUB
Per Month

Utilities, Electricity, Water6%

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

LOW$8.5   770 RUB
AVERAGE$21   1,900 RUB
HIGH$38   3,500 RUB
Per Month

Transport, Fuel5%

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

LOW$15   1,300 RUB
AVERAGE$37   3,400 RUB
HIGH$67   6,100 RUB
Per Month

Food and Groceries22%

22% of total expenses on average (16% to 26%)

LOW$42   3,800 RUB
AVERAGE$110   9,600 RUB
HIGH$190   17,000 RUB
Per Month

Healthcare8%

8% of total expenses on average (5% to 11%)

LOW$13   1,200 RUB
AVERAGE$32   2,900 RUB
HIGH$57   5,200 RUB
Per Month

Leisure, Shopping3%

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

LOW$11   960 RUB
AVERAGE$26   2,400 RUB
HIGH$48   4,300 RUB
Per Month

Education19%

19% of total expenses on average (12% to 24%)

LOW$40   3,600 RUB
AVERAGE$100   9,100 RUB
HIGH$180   16,000 RUB
Per Month

Other Expenses18%

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

LOW$32   2,900 RUB
AVERAGE$79   7,200 RUB
HIGH$140   13,000 RUB
Per Month
©copound