Cost Of Living in Yokohama 2024

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

Whether you're living in Yokohama 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

510,000 JPY

per month
$3,400

39,000 JPY   $260
$34,000   5.1M JPY

Single

350,000 JPY

per month
$2,400

120,000 JPY   $780
$16,000   2.4M JPY

Couple

590,000 JPY

per month
$3,900

200,000 JPY   $1,300
$21,000   3.1M JPY

Family

790,000 JPY

per month
$5,200

280,000 JPY   $1,800
$29,000   4.3M JPY

Student

250,000 JPY

per month
$1,600

99,000 JPY   $660
$3,000   440,000 JPY
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Yokohama is 350,000 JPY. Expenses can range from 120,000 JPY at the minimum level to 2.4M JPY at the highest end.


Couples

The average monthly spending of couples in Yokohama is 590,000 JPY. Expenditure can range from 200,000 JPY to 3.1M JPY per month.


Families

The average cost of living for families in Yokohama is 790,000 JPY per month. Families spend anywhere from 280,000 JPY to 4.3M JPY.


Students

The average monthly expenditure for students in Yokohama is 250,000 JPY. Students spend from 99,000 JPY to 440,000 JPY 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 Yokohama


Dining, food, and beverages costs


Large bottle of water
59 JPY 67 JPY 77 JPY
MINIMUM AVERAGE MAXIMUM
$0.39 $0.44 $0.51
Fast food combo meal
500 JPY 1,000 JPY 1,700 JPY
MINIMUM AVERAGE MAXIMUM
$3.3 $6.7 $11
Restaurant meal for one
1,800 JPY 2,600 JPY 5,300 JPY
MINIMUM AVERAGE MAXIMUM
$12 $17 $35
Fine dining meal for one
3,500 JPY 5,300 JPY 21,000 JPY
MINIMUM AVERAGE MAXIMUM
$23 $35 $140
Soda or Soft Drink
72 JPY 84 JPY 100 JPY
MINIMUM AVERAGE MAXIMUM
$0.48 $0.56 $0.67
Cappuccino or latte
420 JPY 670 JPY 1,000 JPY
MINIMUM AVERAGE MAXIMUM
$2.8 $4.4 $6.7

Grocery and market costs


Milk large bottle
330 JPY 400 JPY 500 JPY
MINIMUM AVERAGE MAXIMUM
$2.2 $2.7 $3.3
Loaf of bread
60 JPY 69 JPY 80 JPY
MINIMUM AVERAGE MAXIMUM
$0.40 $0.46 $0.53
12 eggs
250 JPY 330 JPY 500 JPY
MINIMUM AVERAGE MAXIMUM
$1.7 $2.2 $3.3
Fresh whole chicken
570 JPY 740 JPY 1,000 JPY
MINIMUM AVERAGE MAXIMUM
$3.8 $4.9 $6.9
Beef 1 kg or 1 lb
670 JPY 1,000 JPY 2,000 JPY
MINIMUM AVERAGE MAXIMUM
$4.4 $6.7 $13
Rice 1 kg or 1 lb
270 JPY 370 JPY 520 JPY
MINIMUM AVERAGE MAXIMUM
$1.8 $2.5 $3.5
Tomato 1 kg or 1 lb
100 JPY 130 JPY 250 JPY
MINIMUM AVERAGE MAXIMUM
$0.67 $0.89 $1.7
Apples 1 kg or 1 lb
180 JPY 230 JPY 390 JPY
MINIMUM AVERAGE MAXIMUM
$1.2 $1.6 $2.6

Commute, travel, and transportation costs


20 minutes taxi ride
440 JPY 530 JPY 1,100 JPY
MINIMUM AVERAGE MAXIMUM
$2.9 $3.5 $7
Average car full tank
2,500 JPY 3,300 JPY 6,700 JPY
MINIMUM AVERAGE MAXIMUM
$17 $22 $44
Average car 1-day rental
2,700 JPY 3,700 JPY 5,500 JPY
MINIMUM AVERAGE MAXIMUM
$18 $24 $36
Average car price
1.3M JPY 2.5M JPY 3.3M JPY
MINIMUM AVERAGE MAXIMUM
$8,300 $17,000 $22,000
Bus ticket one way
91 JPY 140 JPY 270 JPY
MINIMUM AVERAGE MAXIMUM
$0.61 $0.91 $1.8
Car Service
3,700 JPY 5,500 JPY 11,000 JPY
MINIMUM AVERAGE MAXIMUM
$24 $36 $73

Utility cost (monthly)


Utility Bill - Individual
7,100 JPY 21,000 JPY 140,000 JPY
MINIMUM AVERAGE MAXIMUM
$47 $140 $940
Utility Bill - Couple
9,800 JPY 29,000 JPY 160,000 JPY
MINIMUM AVERAGE MAXIMUM
$65 $200 $1,000
Utility Bill - Family
8,300 JPY 24,000 JPY 130,000 JPY
MINIMUM AVERAGE MAXIMUM
$55 $160 $860
Internet and cable
2,500 JPY 5,000 JPY 6,700 JPY
MINIMUM AVERAGE MAXIMUM
$17 $33 $44
Mobile phone charges
2,000 JPY 3,300 JPY 10,000 JPY
MINIMUM AVERAGE MAXIMUM
$13 $22 $67

Leisure and activities costs


Movie ticket
1,300 JPY 1,700 JPY 2,500 JPY
MINIMUM AVERAGE MAXIMUM
$8.3 $11 $17
One month gym membership
4,400 JPY 5,500 JPY 11,000 JPY
MINIMUM AVERAGE MAXIMUM
$29 $36 $73

Cloths and accessories costs


Pair of jeans or pants
3,200 JPY 4,600 JPY 6,900 JPY
MINIMUM AVERAGE MAXIMUM
$21 $30 $46
Woman dress
3,000 JPY 4,200 JPY 14,000 JPY
MINIMUM AVERAGE MAXIMUM
$20 $28 $91
Woman shoes
2,900 JPY 3,900 JPY 9,100 JPY
MINIMUM AVERAGE MAXIMUM
$19 $26 $61
Men's shoes
2,500 JPY 3,000 JPY 6,100 JPY
MINIMUM AVERAGE MAXIMUM
$17 $20 $41
Men suit
2,700 JPY 3,400 JPY 18,000 JPY
MINIMUM AVERAGE MAXIMUM
$18 $23 $120
Regular t-shirt
1,400 JPY 1,800 JPY 5,500 JPY
MINIMUM AVERAGE MAXIMUM
$9.1 $12 $36

Housing costs / monthly rent


Studio apartment
46,000 JPY 69,000 JPY 180,000 JPY
MINIMUM AVERAGE MAXIMUM
$300 $460 $1,200
1-bedroom apartment
69,000 JPY 110,000 JPY 270,000 JPY
MINIMUM AVERAGE MAXIMUM
$460 $730 $1,800
2-bedroom apartment
91,000 JPY 140,000 JPY 370,000 JPY
MINIMUM AVERAGE MAXIMUM
$610 $910 $2,400

Housing costs / Buying


Studio apartment
9.1M JPY 14M JPY 27M JPY
MINIMUM AVERAGE MAXIMUM
$61,000 $91,000 $180,000
1-bedroom apartment
11M JPY 18M JPY 69M JPY
MINIMUM AVERAGE MAXIMUM
$73,000 $120,000 $460,000
2-bedroom apartment
18M JPY 55M JPY 110M JPY
MINIMUM AVERAGE MAXIMUM
$120,000 $360,000 $730,000

Furniture Costs


King Size Bed
50,000 JPY 63,000 JPY 84,000 JPY
MINIMUM AVERAGE MAXIMUM
$330 $420 $560
Double Bed
33,000 JPY 50,000 JPY 63,000 JPY
MINIMUM AVERAGE MAXIMUM
$220 $330 $420
Single Bed
29,000 JPY 39,000 JPY 50,000 JPY
MINIMUM AVERAGE MAXIMUM
$200 $260 $330
Living Room
56,000 JPY 72,000 JPY 250,000 JPY
MINIMUM AVERAGE MAXIMUM
$370 $480 $1,700
Dining Table
25,000 JPY 33,000 JPY 63,000 JPY
MINIMUM AVERAGE MAXIMUM
$170 $220 $420
Sofa or Couch
33,000 JPY 46,000 JPY 100,000 JPY
MINIMUM AVERAGE MAXIMUM
$220 $300 $670

Electronics and House Appliance Costs


TV Set
33,000 JPY 50,000 JPY 100,000 JPY
MINIMUM AVERAGE MAXIMUM
$220 $330 $670
Fridge or Freezer
29,000 JPY 46,000 JPY 63,000 JPY
MINIMUM AVERAGE MAXIMUM
$200 $300 $420
Washing Machine
39,000 JPY 56,000 JPY 100,000 JPY
MINIMUM AVERAGE MAXIMUM
$260 $370 $670
Stove or Cooker
36,000 JPY 46,000 JPY 63,000 JPY
MINIMUM AVERAGE MAXIMUM
$240 $300 $420
Mobile Phone
42,000 JPY 50,000 JPY 72,000 JPY
MINIMUM AVERAGE MAXIMUM
$280 $330 $480
Laptop or Computer
46,000 JPY 56,000 JPY 100,000 JPY
MINIMUM AVERAGE MAXIMUM
$300 $370 $670

Expenditure to Income Ratio in Yokohama

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

88%

78% to 97%

( 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 Yokohama is 88% This means that on average, people spend around 88% 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
79%
Spending-Income-Ratio
71%
88%

Couple
83%
Spending-Income-Ratio
75%
92%

Family
92%
Spending-Income-Ratio
82%
100%

How do people spend their money in Yokohama?

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$78   12,000 JPY
AVERAGE$1,000   150,000 JPY
HIGH$10,000   1.5M JPY
Per Month

People living in Yokohama typically spend from 14% to 33% of their total monthly expenditure on housing with 25% being the average. The average spend on housing is 150,000 JPY with expenditure ranging from 12,000 JPY to 1.5M JPY. 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$13   2,000 JPY
AVERAGE$170   26,000 JPY
HIGH$1,700   260,000 JPY
Per Month

Utility expenditure like electricity, water, and gas in Yokohama ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 26,000 JPY with 2,000 JPY and 260,000 JPY being the upper and lower limits.

Transport, Fuel, Commute8%

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

LOW$26   3,900 JPY
AVERAGE$340   51,000 JPY
HIGH$3,400   510,000 JPY
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 3,900 JPY to 510,000 JPY on commuting with 51,000 JPY 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$65   9,800 JPY
AVERAGE$850   130,000 JPY
HIGH$8,500   1.3M JPY
Per Month

The average outlay on groceries in a month in Yokohama is 130,000 JPY. The cost of groceries can range between 9,800 JPY to 1.3M JPY. 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$18   2,800 JPY
AVERAGE$240   36,000 JPY
HIGH$2,400   360,000 JPY
Per Month

People in Yokohama 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 2,800 JPY to 360,000 JPY with 36,000 JPY being the norm.

Leisure and Shopping5%

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

LOW$10   1,600 JPY
AVERAGE$140   20,000 JPY
HIGH$1,400   200,000 JPY
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 1,600 JPY to 200,000 JPY with 20,000 JPY 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$16   2,400 JPY
AVERAGE$200   31,000 JPY
HIGH$2,000   310,000 JPY
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 31,000 JPY per month with 2,400 JPY being the minimum spent amount and 310,000 JPY being the maximum.

Other Expenses13%

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

LOW$34   5,100 JPY
AVERAGE$440   66,000 JPY
HIGH$4,400   660,000 JPY
Per Month

How much money can you save in Yokohama 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 Yokohama manage to save money from their income every month?


Saving Money
69%
Not Saving
31%

Almost 69% of the surveyed people in Yokohama said that they can save some money at the end of each month while 31% said that aren't saving anything.


Percentage of people saving money by population group in Yokohama

GroupSaversNon Savers
Singles74%26%
Couples69%31%
Families64%36%

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

9.4% 18% of income 30%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

16,000 JPY
$100
200,000 JPY
$1,300
2M JPY
$13,000
MINIMUM AVERAGE MAXIMUM

For most people, 9.4% to 30% of their monthly income is what they can allocate to their savings, with 18% being the average. The amount of money that people can save is approximately 200,000 JPY on average with savings ranging from 16,000 JPY to 2M JPY.

74% of surveyed singles reported some of their income going to savings while 69% of couples said the same. 64% of families confirmed their ability to save money.


How much money do people actually save in Yokohama?

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

13% 22% of income 32%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

47,000 JPY
$310
140,000 JPY
$930
930,000 JPY
$6,200
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 13% to 32% of their monthly income to savings, with 22% being the average for most singles. The average amount of money that singles are able to save is 140,000 JPY with 47,000 JPY and 930,000 JPY being the minimum and maximum respectively.


Couples

Saving to Income Ratio

11% 20% of income 31%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

78,000 JPY
$520
230,000 JPY
$1,600
1.2M JPY
$8,300
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 11% to 31% of their monthly income, with 20% being the average for most couples. The average amount of money that couples can save is 230,000 JPY with 78,000 JPY and 1.2M JPY being the minimum and maximum respectively.


Families

Saving to Income Ratio

9.4% 17% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

110,000 JPY
$720
310,000 JPY
$2,100
1.7M JPY
$11,000
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 Yokohama can save anywhere between 9.4% to 29% of their monthly income, with 17% being the average for most families. The average amount of money that families can put aside is 310,000 JPY with 110,000 JPY and 1.7M JPY 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 Yokohama

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Yokohama?


Yes
77%
No
23%

Around 77% of surveyed residents think that living in Yokohama is affordable with proper budgeting while 23% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Yokohama

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 options64%

Few low-cost options36%


Based on the survey, 64% of the people living in Yokohama 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

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

Yes75%

No25%


Based on the survey, 25% of the people living in Yokohama said that they don't have an emergency fund while 75% said that they do.

Financial Literacy in Japan

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 Leteracy69%


We asked residents of Japan whether they acquired any adequate personal financial training in their lives. Approximately 31% 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 69% 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 Japan have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 28% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 72% said that they have everything under control.

Struggles with finance28%

Easily manages finances72%

Financial goals of people in Yokohama

In an attempt to understand the economic situation in Yokohama, 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 Yokohama

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Yokohama. 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 Yokohama

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 Yokohama

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

Retirement age

The retirement age for most employees in Japan 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 Yokohama:
AgeAmount
251.4M JPY
302.9M JPY
355M JPY
407.1M JPY
4511M JPY
5015M JPY
5518M JPY
6022M JPY
6526M JPY

Retirement Income Distribution

We asked residents of Yokohama 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 Yokohama

85,000 JPY
$570
250,000 JPY
$1,700
1.7M JPY
$11,000
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Yokohama


Percentage of people who are in debt


In Debt
28%
Debt Free
72%

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


Debt-to-income ratio in Yokohama

Debt to income ratio

30%

21% to 40%

( 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 Yokohama goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%14%
40% - 50%13%
30% - 40%15%
20% - 30%13%
10% - 20%16%
0% - 10%27%

According to our data, 3% of the debtors in Yokohama pay 60%+ of their income as debt settlement while 14% 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 Yokohama

Debt% People
Real Estate Mortgage11%
Auto Loan19%
Student Loan3%
Credit Card27%
Personal Loan39%

11% of debtors in Yokohama 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 39%. Lastly, student loans are the main source of debt for 3% of debtors in Yokohama.


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 Yokohama

Besides measuring the loan-to-income ratio, we asked residents of Yokohama 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 Yokohama

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


Rent Cost in Yokohama

Monthly Rent Prices

Studio apartment
46,000 JPY 69,000 JPY 180,000 JPY
MINIMUM AVERAGE MAXIMUM
$300 $460 $1,200
1-bedroom apartment
69,000 JPY 110,000 JPY 270,000 JPY
MINIMUM AVERAGE MAXIMUM
$460 $730 $1,800
2-bedroom apartment
91,000 JPY 140,000 JPY 370,000 JPY
MINIMUM AVERAGE MAXIMUM
$610 $910 $2,400
3-bedroom apartment
110,000 JPY 180,000 JPY 500,000 JPY
MINIMUM AVERAGE MAXIMUM
$730 $1,200 $3,300
Furnished apartment
220,000 JPY 550,000 JPY 1.1M JPY
MINIMUM AVERAGE MAXIMUM
$1,500 $3,600 $7,300
Townhouse
180,000 JPY 270,000 JPY 780,000 JPY
MINIMUM AVERAGE MAXIMUM
$1,200 $1,800 $5,200
House
220,000 JPY 550,000 JPY 1.1M JPY
MINIMUM AVERAGE MAXIMUM
$1,500 $3,600 $7,300
Villa
270,000 JPY 690,000 JPY 1.1M JPY
MINIMUM AVERAGE MAXIMUM
$1,800 $4,600 $7,300

The monthly rental cost of a studio apartment in Yokohama ranges between 46,000 JPY and 180,000 JPY, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 69,000 JPY to 270,000 JPY. Two-bedroom rentals rate ranges between 91,000 JPY and 370,000 JPY per month. The monthly rental for a three-bedroom apartment ranges from 110,000 JPY to 500,000 JPY. The average rent of a townhouse in Yokohama is around 270,000 JPY while house rental costs can be as high as 550,000 JPY per month. Finally, if you want to rent a villa, expect to pay anywhere from 270,000 JPY to 1.1M JPY per month.



Apartment and house prices in Yokohama

Cost of buying a property

Studio apartment
9.1M JPY 14M JPY 27M JPY
MINIMUM AVERAGE MAXIMUM
$61,000 $91,000 $180,000
1-bedroom apartment
11M JPY 18M JPY 69M JPY
MINIMUM AVERAGE MAXIMUM
$73,000 $120,000 $460,000
2-bedroom apartment
18M JPY 55M JPY 110M JPY
MINIMUM AVERAGE MAXIMUM
$120,000 $360,000 $730,000
3-bedroom apartment
61M JPY 91M JPY 270M JPY
MINIMUM AVERAGE MAXIMUM
$410,000 $610,000 $1.8M
Townhouse
78M JPY 180M JPY 690M JPY
MINIMUM AVERAGE MAXIMUM
$520,000 $1.2M $4.6M
House
91M JPY 550M JPY 780M JPY
MINIMUM AVERAGE MAXIMUM
$610,000 $3.6M $5.2M
Villa
110M JPY 610M JPY 910M JPY
MINIMUM AVERAGE MAXIMUM
$730,000 $4.1M $6.1M

The average price of a studio apartment in Yokohama can range from 9.1M JPY to 27M JPY depending on location. One bedroom cost can be anywhere from 11M JPY to 69M JPY. A villa can cost you 610M JPY on average with prices ranging from 110M JPY to 910M JPY.


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


41 x120 monthly income 218
MINIMUM AVERAGE MAXIMUM

Property prices in Yokohama can be x120 to x218 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x120 multiples of the average monthly salary in Yokohama.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


22% 32% of income 43%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Yokohama is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 22% to 43% 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
3.9%

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.


790 JPY 10,000 JPY 100,000 JPY
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 Yokohama

Housing31%

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

LOW$280   42,000 JPY
AVERAGE$850   130,000 JPY
HIGH$5,600   850,000 JPY
Per Month

Utilities, Electricity, Water8%

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

LOW$47   7,100 JPY
AVERAGE$140   21,000 JPY
HIGH$940   140,000 JPY
Per Month

Transport, Fuel6%

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

LOW$63   9,400 JPY
AVERAGE$190   28,000 JPY
HIGH$1,300   190,000 JPY
Per Month

Food and Groceries18%

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

LOW$130   19,000 JPY
AVERAGE$380   57,000 JPY
HIGH$2,500   380,000 JPY
Per Month

Healthcare11%

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

LOW$71   11,000 JPY
AVERAGE$210   32,000 JPY
HIGH$1,400   210,000 JPY
Per Month

Leisure, Shopping3%

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

LOW$39   5,900 JPY
AVERAGE$120   18,000 JPY
HIGH$780   120,000 JPY
Per Month

Education2%

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

LOW$16   2,400 JPY
AVERAGE$47   7,100 JPY
HIGH$310   47,000 JPY
Per Month

Other Expenses21%

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

LOW$140   21,000 JPY
AVERAGE$420   64,000 JPY
HIGH$2,800   420,000 JPY
Per Month


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

Housing28%

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

LOW$430   65,000 JPY
AVERAGE$1,300   190,000 JPY
HIGH$6,900   1M JPY
Per Month

Utilities, Electricity, Water7%

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

LOW$65   9,800 JPY
AVERAGE$200   29,000 JPY
HIGH$1,000   160,000 JPY
Per Month

Transport, Fuel10%

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

LOW$160   24,000 JPY
AVERAGE$470   71,000 JPY
HIGH$2,500   380,000 JPY
Per Month

Food and Groceries16%

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

LOW$180   28,000 JPY
AVERAGE$550   83,000 JPY
HIGH$2,900   440,000 JPY
Per Month

Healthcare13%

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

LOW$140   22,000 JPY
AVERAGE$430   65,000 JPY
HIGH$2,300   350,000 JPY
Per Month

Leisure, Shopping4%

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

LOW$78   12,000 JPY
AVERAGE$240   35,000 JPY
HIGH$1,300   190,000 JPY
Per Month

Education2%

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

LOW$26   3,900 JPY
AVERAGE$78   12,000 JPY
HIGH$420   63,000 JPY
Per Month

Other Expenses20%

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

LOW$220   33,000 JPY
AVERAGE$670   100,000 JPY
HIGH$3,600   530,000 JPY
Per Month


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

Housing27%

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

LOW$590   88,000 JPY
AVERAGE$1,700   250,000 JPY
HIGH$9,200   1.4M JPY
Per Month

Transport, Fuel6%

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

LOW$150   22,000 JPY
AVERAGE$420   63,000 JPY
HIGH$2,300   350,000 JPY
Per Month

Food and Groceries20%

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

LOW$330   50,000 JPY
AVERAGE$940   140,000 JPY
HIGH$5,200   780,000 JPY
Per Month

Healthcare10%

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

LOW$150   22,000 JPY
AVERAGE$420   63,000 JPY
HIGH$2,300   350,000 JPY
Per Month

Leisure, Shopping3%

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

LOW$91   14,000 JPY
AVERAGE$260   39,000 JPY
HIGH$1,400   220,000 JPY
Per Month

Education14%

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

LOW$260   39,000 JPY
AVERAGE$730   110,000 JPY
HIGH$4,000   610,000 JPY
Per Month

Other Expenses15%

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

LOW$220   33,000 JPY
AVERAGE$630   94,000 JPY
HIGH$3,400   520,000 JPY
Per Month


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

Housing19%

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

LOW$160   24,000 JPY
AVERAGE$390   59,000 JPY
HIGH$710   110,000 JPY
Per Month

Utilities, Electricity, Water6%

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

LOW$26   4,000 JPY
AVERAGE$66   9,900 JPY
HIGH$120   18,000 JPY
Per Month

Transport, Fuel5%

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

LOW$46   6,900 JPY
AVERAGE$110   17,000 JPY
HIGH$210   31,000 JPY
Per Month

Food and Groceries22%

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

LOW$130   20,000 JPY
AVERAGE$330   49,000 JPY
HIGH$590   89,000 JPY
Per Month

Healthcare8%

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

LOW$39   5,900 JPY
AVERAGE$98   15,000 JPY
HIGH$180   27,000 JPY
Per Month

Leisure, Shopping3%

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

LOW$33   4,900 JPY
AVERAGE$82   12,000 JPY
HIGH$150   22,000 JPY
Per Month

Education19%

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

LOW$120   19,000 JPY
AVERAGE$310   47,000 JPY
HIGH$560   84,000 JPY
Per Month

Other Expenses18%

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

LOW$98   15,000 JPY
AVERAGE$250   37,000 JPY
HIGH$440   67,000 JPY
Per Month
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