Cost of living in Illizi
Illizi, a city in Algeria, offers a unique lifestyle influenced by its geographical and cultural context. Understanding the cost of living in Illizi is crucial for anyone considering moving to or working in this region.
This overview provides insights into various expenses, including housing, transportation, and daily necessities, helping you plan your budget effectively.
Cost of Living Summary
Salaries and Financing
- Average Monthly Net Salary (After Tax) - The average monthly net salary in Illizi is approximately $93.87.
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan is about 9.99% annually.
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 Illizi is relatively low, which may impact the affordability of living expenses.
High mortgage interest rates suggest that buying property could be costly over time, making renting a more viable option for many residents.
Conclusion
Living in Illizi presents unique financial challenges, particularly due to the low average salary and high mortgage interest rates.
Prospective residents should carefully consider these factors when planning their move to ensure a sustainable lifestyle in this Algerian city.
Nearby Cities
All cities in Algeria