Cost of living in Hassi R'Mel
Hassi R'Mel, located in Algeria, is a city known for its energy resources and industrial significance. Understanding the cost of living here is crucial for both residents and potential newcomers.
This guide provides a detailed breakdown of various expenses in Hassi R'Mel, including housing, transportation, and daily necessities, to help you plan your budget effectively.
Cost of Living Summary
Salaries and Financing
- Average Monthly Net Salary (After Tax) - The average monthly net salary in Hassi R'Mel is approximately $78.49.
- Mortgage Interest Rate - The yearly mortgage interest rate for a 20-year fixed-rate loan is about 9.99%.
Cost of Living Rankings
The cost of living indices for Algeria are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Algeria, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Salaries And Financing
Salaries And Financing
"Key Takeaways"
The average monthly salary in Hassi R'Mel is relatively low, which may impact the affordability of living expenses.
High mortgage interest rates suggest that buying property could be costly, making renting a more viable option for many.
Conclusion
Hassi R'Mel presents a unique cost of living scenario with its low average salaries and high mortgage rates.
Prospective residents should carefully consider these factors when planning their finances, especially in terms of housing and long-term investments.
Nearby Cities
All cities in Algeria