Cost Of Living in Zambia 2024
Average monthly spending for singles, couples, students, and families in Zambia
Whether you're living in Zambia 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
Currency: ZMW
Monthly Expenditure ▶ Single
Currency: ZMW
Monthly Expenditure ▶ Couple
Currency: ZMW
Monthly Expenditure ▶ Family
Currency: ZMW
Monthly Expenditure ▶ Student
Currency: ZMW
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.
Singles
The average monthly expense for a single person living in Zambia is 4,200 ZMW. Expenses can range from 590 ZMW at the minimum level to 28,000 ZMW at the highest end.
Couples
The average monthly spending of couples in Zambia is 7,000 ZMW. Expenditure can range from 2,300 ZMW to 37,000 ZMW per month.
Families
The average cost of living for families in Zambia is 9,400 ZMW per month. Families spend anywhere from 3,300 ZMW to 61,000 ZMW.
Students
The average monthly expenditure for students in Zambia is 3,100 ZMW. Students spend from 470 ZMW to 21,000 ZMW 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 Zambia
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
Fine dining meal for one
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
Average car 1-day rental
Average car price
| 15,000 ZMW | 30,000 ZMW | 40,000 ZMW |
Bus ticket one way
Car Service
Utility cost (monthly)
Utility Bill - Individual
Utility Bill - Couple
Utility Bill - Family
| 160 ZMW | 470 ZMW | 3,000 ZMW |
Internet and cable
Mobile phone charges
Leisure and activities costs
Movie ticket
One month gym membership
Cloths and accessories costs
Pair of jeans or pants
Woman dress
Woman shoes
Men's shoes
Men suit
Regular t-shirt
Housing costs / monthly rent
Studio apartment
| 500 ZMW | 750 ZMW | 2,000 ZMW |
1-bedroom apartment
| 750 ZMW | 1,200 ZMW | 3,000 ZMW |
2-bedroom apartment
| 1,000 ZMW | 1,500 ZMW | 4,000 ZMW |
Housing costs / Buying
Studio apartment
| 100,000 ZMW | 150,000 ZMW | 300,000 ZMW |
1-bedroom apartment
| 120,000 ZMW | 200,000 ZMW | 750,000 ZMW |
2-bedroom apartment
| 200,000 ZMW | 600,000 ZMW | 1.2M ZMW |
Furniture Costs
King Size Bed
| 600 ZMW | 750 ZMW | 1,000 ZMW |
Double Bed
Single Bed
Living Room
| 670 ZMW | 860 ZMW | 3,000 ZMW |
Dining Table
Sofa or Couch
| 400 ZMW | 550 ZMW | 1,200 ZMW |
Electronics and House Appliance Costs
TV Set
| 400 ZMW | 600 ZMW | 1,200 ZMW |
Fridge or Freezer
Washing Machine
| 460 ZMW | 670 ZMW | 1,200 ZMW |
Stove or Cooker
Mobile Phone
Laptop or Computer
| 550 ZMW | 670 ZMW | 1,200 ZMW |
Expenditure to Income Ratio in Zambia
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
87%
81% to 96%
( expenditure / income ) x 100
Expense to income distribution levels
| Spending To Income Ratio | % People |
|---|
| < 50% | 4% |
| 50% - 60% | 8% |
| 60% - 70% | 15% |
| 70% - 80% | 25% |
| 80% - 90% | 21% |
| 90% - 100% | 11% |
| 100% - 110% | 6% |
| 110% - 120% | 4% |
| 120% - 130% | 3% |
| 130% - 140% | 2% |
| > 140% | 2% |
Interpretation and Analysis
The average spending-to-salary ratio in Zambia is 87%
This means that on average, people spend around 87% of their income for living.
According to the distribution table, 15% 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
73%
86%
Couple
83%
Spending-Income-Ratio
77%
91%
Family
91%
Spending-Income-Ratio
85%
100%
How do people spend their money in Zambia?
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 Expenditure23%
23% of total expenses on average (12% to 31%)
| LOW | $5.9 140 ZMW |
| AVERAGE | $76 1,800 ZMW |
| HIGH | $760 18,000 ZMW |
| Per Month |
People living in Zambia typically spend from 12% to 31% of their total monthly expenditure on housing with 23% being the average. The average spend on housing is 1,800 ZMW with expenditure ranging from 140 ZMW to 18,000 ZMW. 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, Water, Internet, Mobile8%
8% of total expenses on average (5% to 12%)
| LOW | $0.98 23 ZMW |
| AVERAGE | $13 300 ZMW |
| HIGH | $130 3,000 ZMW |
| Per Month |
Utility expenditure like electricity, water, and gas in Zambia ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 300 ZMW with 23 ZMW and 3,000 ZMW being the upper and lower limits.
Transport, Fuel, Commute7%
7% of total expenses on average (3% to 11%)
| LOW | $2 47 ZMW |
| AVERAGE | $25 610 ZMW |
| HIGH | $250 6,100 ZMW |
| 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 47 ZMW to 6,100 ZMW on commuting with 610 ZMW being the norm for most people in one month. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 3% or as high as 11%.
Food and Groceries Cost28%
28% of total expenses on average (20% to 34%)
| LOW | $4.9 120 ZMW |
| AVERAGE | $64 1,500 ZMW |
| HIGH | $640 15,000 ZMW |
| Per Month |
The average outlay on groceries in a month in Zambia is 1,500 ZMW. The cost of groceries can range between 120 ZMW to 15,000 ZMW. People spend on average about 28% on food and groceries with upper and lower bounds of 20% and 34% respectively.
Healthcare and Medical Services10%
10% of total expenses on average (5% to 13%)
| LOW | $1.4 33 ZMW |
| AVERAGE | $18 430 ZMW |
| HIGH | $180 4,300 ZMW |
| Per Month |
People in Zambia allocate 5% to 13% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 10%. The range of medical expenses range from 33 ZMW to 4,300 ZMW with 430 ZMW being the norm.
Leisure and Shopping4%
4% of total expenses on average (2% to 8%)
| LOW | $0.78 19 ZMW |
| AVERAGE | $10 240 ZMW |
| HIGH | $100 2,400 ZMW |
| 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 19 ZMW to 2,400 ZMW with 240 ZMW being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.
Education and Schooling5%
5% of total expenses on average (3% to 11%)
| LOW | $1.2 28 ZMW |
| AVERAGE | $15 360 ZMW |
| HIGH | $150 3,600 ZMW |
| 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 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 360 ZMW per month with 28 ZMW being the minimum spent amount and 3,600 ZMW being the maximum.
Other Expenses14%
14% of total expenses on average (9% to 21%)
| LOW | $2.5 61 ZMW |
| AVERAGE | $33 790 ZMW |
| HIGH | $330 7,900 ZMW |
| Per Month |
How much money can you save in Zambia 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 Zambia manage to save money from their income every month?
Almost 50% of the surveyed people in Zambia said that they can save some money at the end of each month while 50% said that aren't saving anything.
Percentage of people saving money by population group in Zambia
| Group | Savers | Non Savers |
|---|
| Singles | 56% | 44% |
| Couples | 51% | 49% |
| Families | 46% | 54% |
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
Average Monthly Saved Amount
130 ZMW
$5.6 | 1,800 ZMW
$73 | 18,000 ZMW
$730 |
For most people, 8% to 28% of their monthly income is what they can allocate to their savings, with 15% being the average. The amount of money that people can save is approximately 1,800 ZMW on average with savings ranging from 130 ZMW to 18,000 ZMW.
56% of surveyed singles reported some of their income going to savings while 51% of couples said the same. 46% of families confirmed their ability to save money.
How much money do people actually save in Zambia?
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
Average Monthly Saved Amount
130 ZMW
$5.6 | 1,200 ZMW
$51 | 8,100 ZMW
$340 |
Savings to income distribution levels for singles
| Saving To Income Ratio | % Singles |
|---|
| 0% - 10% | 32% |
| 10% - 20% | 25% |
| 20% - 30% | 16% |
| 30% - 40% | 13% |
| 40% - 50% | 10% |
| > 50% | 4% |
Interpretation and Analysis
Singles who can afford to save reported that they allocate from 11% to 30% of their monthly income to savings, with 19% being the average for most singles. The average amount of money that singles are able to save is 1,200 ZMW with 130 ZMW and 8,100 ZMW being the minimum and maximum respectively.
Couples
Saving to Income Ratio
Average Monthly Saved Amount
670 ZMW
$28 | 2,000 ZMW
$85 | 11,000 ZMW
$450 |
Savings to income distribution levels for couples
| Saving To Income Ratio | % Couples |
|---|
| 0% - 10% | 36% |
| 10% - 20% | 27% |
| 20% - 30% | 19% |
| 30% - 40% | 8% |
| 40% - 50% | 7% |
| > 50% | 3% |
Interpretation and Analysis
Couples who confirmed their ability to save reported saving equivalent to 9% to 29% of their monthly income, with 17% being the average for most couples. The average amount of money that couples can save is 2,000 ZMW with 670 ZMW and 11,000 ZMW being the minimum and maximum respectively.
Families
Saving to Income Ratio
Average Monthly Saved Amount
940 ZMW
$40 | 2,700 ZMW
$110 | 18,000 ZMW
$730 |
Savings to income distribution levels for families
| Saving To Income Ratio | % Families |
|---|
| 0% - 10% | 39% |
| 10% - 20% | 30% |
| 20% - 30% | 20% |
| 30% - 40% | 5% |
| 40% - 50% | 4% |
| > 50% | 2% |
Interpretation and Analysis
Families in Zambia can save anywhere between 8% to 27% of their monthly income, with 14% being the average for most families. The average amount of money that families can put aside is 2,700 ZMW with 940 ZMW and 18,000 ZMW being the minimum and maximum respectively.
Saving Challenges in Zambia
Reasons that make it difficult for people to save money
We wanted to understand what is stopping people from maximizing their savings in Zambia. Listed below are the answers given by the survey participants.
| Reason | % People |
|---|
| Low Income | 5% |
| High Expenses | 8% |
| Debt and Loans | 13% |
| Lack of Budgeting Skills | 12% |
| Impulsive Spending | 12% |
| Financial Emergencies | 7% |
| Living the moment | 5% |
| Will do it later | 21% |
| Inflation | 14% |
| Social Pressure | 3% |
| Market Instability | 2% |
Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 13% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 21% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 14% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.
Typical saving choices for people in Zambia
Where do people choose to put their savings?
| Saving Type | % People |
|---|
| Emergency Funds | 12% |
| Gold | 13% |
| Savings Accounts | 17% |
| Retirement Accounts | 10% |
| Cash Savings | 21% |
| Real Estate | 9% |
| Investment | 5% |
| Stocks | 4% |
| Bonds | 5% |
| Mutual Funds | 2% |
| Certificates of Deposit | 3% |
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 Zambia
Income and cost of living compatibility
We asked residents one simple question and recorded their answers.
Is it affordable or economical to live in Zambia?
Around 44% of surveyed residents think that living in Zambia is affordable with proper budgeting while 56% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Zambia
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 options52%
Few low-cost options48%
Based on the survey, 52% of the people living in Zambia have no problem finding low-cost alternatives to support a frugal lifestyle while 48% 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 Zambia whether they have an emergency fund and the answers were as follows.
Yes40%
No60%
Based on the survey, 60% of the people living in Zambia said that they don't have an emergency fund while 40% said that they do.
Financial Literacy in Zambia
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 Leteracy39%
We asked residents of Zambia whether they acquired any adequate personal financial training in their lives. Approximately 61% 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 39% 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 Zambia have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 61% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 39% said that they have everything under control.
Struggles with finance61%
Easily manages finances39%
Financial goals of people in Zambia
In an attempt to understand the economic situation in Zambia, 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 Fund | 8% |
| Debt Reduction | 44% |
| Retirement Savings | 11% |
| Education Funding | 7% |
| Homeownership | 18% |
| Investing | 6% |
| Travel or Lifestyle | 6% |
| Healthcare Expenses | 14% |
| Financial Independence | 4% |
Around 8% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 44% said their number one priority is to pay off high-interest debt or loans and improve credit. 11% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 6% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 14% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.
Retirement, pension plans, and life after work in Zambia
What does the retirement lifestyle look like in Zambia and how much retirement savings are required?
Retirement age
The retirement age for most employees in Zambia 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:| Age | Amount |
|---|
| 25 | 5x monthly salary at age 25 |
| 30 | 10x monthly salary at age 30 |
| 35 | 15x monthly salary at age 35 |
| 40 | 25x monthly salary at age 40 |
| 45 | 32x monthly salary at age 45 |
| 50 | 48x monthly salary at age 50 |
| 55 | 56x monthly salary at age 55 |
| 60 | 64x monthly salary at age 60 |
| 65 | 78x monthly salary at age 65 |
The typical average saved amount of money you should have at every age in Zambia:| Age | Amount |
|---|
| 25 | 16,000 ZMW |
| 30 | 31,000 ZMW |
| 35 | 55,000 ZMW |
| 40 | 78,000 ZMW |
| 45 | 120,000 ZMW |
| 50 | 160,000 ZMW |
| 55 | 200,000 ZMW |
| 60 | 240,000 ZMW |
| 65 | 290,000 ZMW |
Retirement Income Distribution
We asked residents of Zambia about their retirement income sources and below are the results.
| Source | % People |
|---|
| Pensions | 12% |
| Savings | 23% |
| Investments | 12% |
| Social Security | 7% |
| Annuities | 7% |
| Part-time Job | 15% |
| Real Estate | 18% |
| Dividends and Interest | 7% |
Retirement Monthly Expenses in Zambia 350 ZMW
$15 | 3,100 ZMW
$130 | 21,000 ZMW
$870 |
Debt, loans, and mortgages in Zambia
Percentage of people who are in debt
According to the survey, 34% of the people in Zambia have some kind of debt, loan, mortgage, or credit card payments while 66% reported that they don't have financial obligations to banks.
Debt-to-income ratio in Zambia
Debt to income ratio
32%
25% to 41%
( monthly debt payment / monthly income ) x 100
Interpretation
The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 32% of the people's monthly income in Zambia goes to debt settlement.
Debt levelsMonthly debt settlement payment as percentage of monthly income
| Debt-to-income ratio | % People |
|---|
| > 60% | 3% |
| 50% - 60% | 19% |
| 40% - 50% | 15% |
| 30% - 40% | 17% |
| 20% - 30% | 10% |
| 10% - 20% | 11% |
| 0% - 10% | 25% |
According to our data, 3% of the debtors in Zambia pay 60%+ of their income as debt settlement while 19% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 10% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.
Distribution by type of debt in Zambia
| Debt | % People |
|---|
| Real Estate Mortgage | 8% |
| Auto Loan | 14% |
| Student Loan | 4% |
| Credit Card | 30% |
| Personal Loan | 44% |
8% of debtors in Zambia confirm that real estate mortgages constitutes the main part of their outstanding debt while 30% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 14% of people and personal loans rose at 44%. Lastly, student loans are the main source of debt for 4% of debtors in Zambia.
About credit score and debt managementManaging 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 Zambia
Besides measuring the loan-to-income ratio, we asked residents of Zambia 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 |
|---|
| Never | 50% |
| Once a year | 24% |
| Twice a year | 13% |
| Three times a year | 9% |
| Four times a year | 4% |
Housing costs, accommodation, and housing affordability in Zambia
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Zambia
Monthly Rent Prices
Studio apartment monthly rent cost
| 500 ZMW | 750 ZMW | 2,000 ZMW |
1-bedroom apartment monthly rent cost
| 750 ZMW | 1,200 ZMW | 3,000 ZMW |
2-bedroom apartment monthly rent cost
| 1,000 ZMW | 1,500 ZMW | 4,000 ZMW |
3-bedroom apartment monthly rent cost
| 1,200 ZMW | 2,000 ZMW | 5,500 ZMW |
Furnished apartment monthly rent cost
| 2,400 ZMW | 6,000 ZMW | 12,000 ZMW |
Townhouse monthly rent cost
| 2,000 ZMW | 3,000 ZMW | 8,600 ZMW |
House monthly rent cost
| 2,400 ZMW | 6,000 ZMW | 12,000 ZMW |
Villa monthly rent cost
| 3,000 ZMW | 7,500 ZMW | 12,000 ZMW |
The monthly rental cost of a studio apartment in Zambia ranges between 500 ZMW and 2,000 ZMW, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 750 ZMW to 3,000 ZMW. Two-bedroom rentals rate ranges between 1,000 ZMW and 4,000 ZMW per month. The monthly rental for a three-bedroom apartment ranges from 1,200 ZMW to 5,500 ZMW. The average rent of a townhouse in Zambia is around 3,000 ZMW while house rental costs can be as high as 6,000 ZMW per month. Finally, if you want to rent a villa, expect to pay anywhere from 3,000 ZMW to 12,000 ZMW per month.
Apartment and house prices in Zambia
Cost of buying a property
Studio apartment price
| 100,000 ZMW | 150,000 ZMW | 300,000 ZMW |
1-bedroom apartment price
| 120,000 ZMW | 200,000 ZMW | 750,000 ZMW |
2-bedroom apartment price
| 200,000 ZMW | 600,000 ZMW | 1.2M ZMW |
3-bedroom apartment price
| 670,000 ZMW | 1M ZMW | 3M ZMW |
Townhouse price
| 860,000 ZMW | 2M ZMW | 7.5M ZMW |
House price
| $42,000 | $250,000 | $360,000 |
Villa price
| 1.2M ZMW | 6.7M ZMW | 10M ZMW |
| $50,000 | $280,000 | $420,000 |
The average price of a studio apartment in Zambia can range from 100,000 ZMW to 300,000 ZMW depending on location. One bedroom cost can be anywhere from 120,000 ZMW to 750,000 ZMW. A villa can cost you 6.7M ZMW on average with prices ranging from 1.2M ZMW to 10M ZMW.
If you're leasing or purchasing, housing costs in Zambia will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.
House / apartment prices to income ratio
Property price to income ratio
( average property price / average monthly income ) x 100
| 29 | x81 monthly income | 189 |
Property prices in Zambia can be x81 to x189 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x81 multiples of the average monthly salary in Zambia.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Zambia is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 18% to 38% depending on the salary, location, and type of property.
The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.
Housing affordability index
The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.
Housing Affordability Index
26% Property Taxes
Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.
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.
| 9.4 ZMW | 120 ZMW | 1,200 ZMW |
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 Zambia
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Zambia
Utility Bill Cost / Electricity + Water + Gas / Individual
Utility Bill Cost / Electricity + Water + Gas / Couple
Utility Bill Cost / Electricity + Water + Gas / Family
| 160 ZMW | 470 ZMW | 3,000 ZMW |
Internet and cable cost
Mobile phone bill and charges
Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.
The average monthly expenditure for individuals on electricty, water, and gas in Zambia ranges between 35 ZMW and 1,700 ZMW with average being 250 ZMW, meanwhile the expenditure of couples is slightly higher at 320 ZMW with 94 ZMW and 2,100 ZMW being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 470 ZMW. The cost of internet and WiFi is unchanged among the three groups and ranges from 30 ZMW to 80 ZMW with 60 ZMW being the average internet bill. Finally, the average monthly mobile charges is around 40 ZMW but can range between 24 ZMW and 120 ZMW depending on consumption. Mobile charges include both calling minutes as well as data packages.
Energy / Utility expense to income ratio
( monthly utility expenses / monthly income ) x 100
The average utility-to-income ratio in Zambia is around 7%. This means that people pay 7% of their income for energy, water, internet, and mobile charges. Those figures can range from 4% to 11% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Zambia
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Zambia
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Zambia is approximatly 12 ZMW with meal cost ranging from 6 ZMW to 20 ZMW. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 20 ZMW and 60 ZMW with 30 ZMW being the average price of a plate for one person at a regular restaurant in Zambia.
Fine dining meal for one price
The price range of a meal at fine-dining restaurant is 40 ZMW to 240 ZMW with the average cost being 60 ZMW for one person. This is what you would expect to pay a top-tier diner in Zambia.
Beverage prices, cappuccino, latte etc..
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Zambia is around 8 ZMW. Price ranges between 5 ZMW and 12 ZMW depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Zambia is 4.8 ZMW. The maximum what you would pay for milk is 6 ZMW and the minimum being 4 ZMW depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 4 ZMW on average with 3 ZMW and 6 ZMW being the lower and upper limits respectively.
Fresh whole chicken price
The price range of a fresh whole chicken in Zambia is between 6.8 ZMW and 13 ZMW depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 8.9 ZMW.
Pack of beef price
The price of a regular pack of beef or meat is around 12 ZMW. A pack of beef contains around 1Kg or 1lb depending on packing.
Medium bag of rice price
A bag of rice in Zambia costs around 4.4 ZMW on average with prices rangeing between 3.2 ZMW and 6.3 ZMW depending on the brand and quality.
Bag of tomatos price
A bag of tomatoes costs anywhere from 1.2 ZMW to 3 ZMW. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 2.8 ZMW on average. A bag of apples denotes 1Kg or 1lb depending on location.
Grocery and food expenditure to income ratio
( monthly grocery expenses / monthly income ) x 100
The average grocery-to-income ratio in Zambia is around 27%. This means that people spend 27% of their income on grocery and basic household items. The expenditure can range from 19% to 33% depending on salary and location.
Expenditure on food and grocery for every population group
A single person living alone spends approximately 670 ZMW per month on grocery and food with expenditure fluctuating between 94 ZMW and 4,500 ZMW depending on location and the type of person. The average cost of food and groceries for a couple is around 980 ZMW per month. That number can be get as low as 330 ZMW or a high as 5,200 ZMW. Families' spending on grocery ranges from 590 ZMW to 11,000 ZMW with the location, income, and size of the family being the most determinite factors.
SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Zambia
Housing cost for a single person29%
29% of total expenses on average (17% to 41%)
| LOW | $8.9 210 ZMW |
| AVERAGE | $64 1,500 ZMW |
| HIGH | $420 10,000 ZMW |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile9%
9% of total expenses on average (5% to 14%)
| LOW | $1.5 35 ZMW |
| AVERAGE | $11 250 ZMW |
| HIGH | $71 1,700 ZMW |
| Per Month |
Transport and Fuel Cost5%
5% of total expenses on average (3% to 11%)
| LOW | $2 47 ZMW |
| AVERAGE | $14 340 ZMW |
| HIGH | $94 2,200 ZMW |
| Per Month |
Food and Groceries Cost19%
19% of total expenses on average (13% to 24%)
| LOW | $3.9 94 ZMW |
| AVERAGE | $28 670 ZMW |
| HIGH | $190 4,500 ZMW |
| Per Month |
Healthcare Cost12%
12% of total expenses on average (6% to 16%)
| LOW | $2.2 53 ZMW |
| AVERAGE | $16 380 ZMW |
| HIGH | $110 2,500 ZMW |
| Per Month |
Leisure and Shopping Expenditure2%
2% of total expenses on average (2% to 5%)
| LOW | $1.2 29 ZMW |
| AVERAGE | $8.8 210 ZMW |
| HIGH | $59 1,400 ZMW |
| Per Month |
Education Cost1%
1% of total expenses on average (0.00% to 3%)
| LOW | $0.49 12 ZMW |
| AVERAGE | $3.5 84 ZMW |
| HIGH | $24 560 ZMW |
| Per Month |
Other Expenses22%
22% of total expenses on average (14% to 26%)
| LOW | $4.4 110 ZMW |
| AVERAGE | $32 760 ZMW |
| HIGH | $210 5,000 ZMW |
| Per Month |
CoupleAverage monthly living expenditure breaks and spending patterns for couples in Zambia
Housing cost for a couple26%
26% of total expenses on average (19% to 36%)
| LOW | $33 790 ZMW |
| AVERAGE | $100 2,400 ZMW |
| HIGH | $530 13,000 ZMW |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile8%
8% of total expenses on average (6% to 12%)
| LOW | $3.9 94 ZMW |
| AVERAGE | $13 320 ZMW |
| HIGH | $86 2,100 ZMW |
| Per Month |
Transport and Fuel Cost9%
9% of total expenses on average (3% to 14%)
| LOW | $12 280 ZMW |
| AVERAGE | $35 840 ZMW |
| HIGH | $190 4,500 ZMW |
| Per Month |
Food and Groceries Cost17%
17% of total expenses on average (12% to 22%)
| LOW | $14 330 ZMW |
| AVERAGE | $41 980 ZMW |
| HIGH | $220 5,200 ZMW |
| Per Month |
Healthcare Cost14%
14% of total expenses on average (8% to 18%)
| LOW | $11 260 ZMW |
| AVERAGE | $32 770 ZMW |
| HIGH | $170 4,100 ZMW |
| Per Month |
Leisure and Shopping Cost3%
3% of total expenses on average (1% to 6%)
| LOW | $5.9 140 ZMW |
| AVERAGE | $18 420 ZMW |
| HIGH | $94 2,200 ZMW |
| Per Month |
Education Cost1%
1% of total expenses on average (0.00% to 3%)
| LOW | $2 47 ZMW |
| AVERAGE | $5.9 140 ZMW |
| HIGH | $31 750 ZMW |
| Per Month |
Other Expenses21%
21% of total expenses on average (15% to 27%)
| LOW | $17 400 ZMW |
| AVERAGE | $50 1,200 ZMW |
| HIGH | $270 6,400 ZMW |
| Per Month |
FamilyAverage monthly expenses and break out of spending for families living in Zambia
Housing cost for a family25%
25% of total expenses on average (20% to 35%)
| LOW | $44 1,000 ZMW |
| AVERAGE | $130 3,000 ZMW |
| HIGH | $820 19,000 ZMW |
| Per Month |
Utilities, Electricity, Water, Internet, Mobile6%
6% of total expenses on average (4% to 9%)
| LOW | $6.9 160 ZMW |
| AVERAGE | $20 470 ZMW |
| HIGH | $130 3,000 ZMW |
| Per Month |
Transport and Fuel Expenses5%
5% of total expenses on average (3% to 7%)
| LOW | $14 330 ZMW |
| AVERAGE | $39 940 ZMW |
| HIGH | $250 6,100 ZMW |
| Per Month |
Food and Groceries Cost21%
21% of total expenses on average (14% to 27%)
| LOW | $25 590 ZMW |
| AVERAGE | $71 1,700 ZMW |
| HIGH | $460 11,000 ZMW |
| Per Month |
Healthcare Expenses11%
11% of total expenses on average (7% to 16%)
| LOW | $12 290 ZMW |
| AVERAGE | $39 940 ZMW |
| HIGH | $200 4,900 ZMW |
| Per Month |
Leisure and Shopping Cost2%
2% of total expenses on average (1% to 6%)
| LOW | $6.9 160 ZMW |
| AVERAGE | $20 470 ZMW |
| HIGH | $130 3,000 ZMW |
| Per Month |
Education Cost13%
13% of total expenses on average (6% to 21%)
| LOW | $19 460 ZMW |
| AVERAGE | $55 1,300 ZMW |
| HIGH | $360 8,500 ZMW |
| Per Month |
Other Expenses16%
16% of total expenses on average (9% to 21%)
| LOW | $11 260 ZMW |
| AVERAGE | $31 750 ZMW |
| HIGH | $200 4,900 ZMW |
| Per Month |
StudentCost of living and expenses break down for students living in Zambia
Housing costs for Student17%
17% of total expenses on average (12% to 23%)
| LOW | $4.7 110 ZMW |
| AVERAGE | $31 750 ZMW |
| HIGH | $210 5,000 ZMW |
| Per Month |
Utilities, Electricity, Water, Internet, and Mobile Expenses7%
7% of total expenses on average (5% to 11%)
| LOW | $0.78 19 ZMW |
| AVERAGE | $5.2 120 ZMW |
| HIGH | $35 830 ZMW |
| Per Month |
Transport and Fuel Cost4%
4% of total expenses on average (4% to 10%)
| LOW | $1.4 33 ZMW |
| AVERAGE | $9.2 220 ZMW |
| HIGH | $61 1,500 ZMW |
| Per Month |
Food and Groceries Expenditure23%
23% of total expenses on average (17% to 27%)
| LOW | $3.9 94 ZMW |
| AVERAGE | $26 620 ZMW |
| HIGH | $170 4,200 ZMW |
| Per Month |
Healthcare Cost9%
9% of total expenses on average (6% to 12%)
| LOW | $1.2 28 ZMW |
| AVERAGE | $7.9 190 ZMW |
| HIGH | $52 1,200 ZMW |
| Per Month |
Leisure and Shopping Cost2%
2% of total expenses on average (2% to 6%)
| LOW | $0.98 23 ZMW |
| AVERAGE | $6.5 160 ZMW |
| HIGH | $44 1,000 ZMW |
| Per Month |
Education Cost18%
18% of total expenses on average (11% to 23%)
| LOW | $3.7 89 ZMW |
| AVERAGE | $25 590 ZMW |
| HIGH | $170 4,000 ZMW |
| Per Month |
Other Expenses19%
19% of total expenses on average (13% to 25%)
| LOW | $2.9 70 ZMW |
| AVERAGE | $20 470 ZMW |
| HIGH | $130 3,100 ZMW |
| Per Month |
