Cost of living in Benguela
Benguela, a coastal city in Angola, offers a unique blend of cultural heritage and modern living. Understanding the cost of living in Benguela is crucial for anyone considering relocating or planning a visit.
This guide provides a detailed breakdown of the expenses you can expect, from housing and dining to transportation and utilities, helping you make informed financial decisions.
Cost of Living Summary
Salaries and Financing
- Average Monthly Net Salary (After Tax) - The average monthly net salary in Benguela is approximately $3738.02.
- Mortgage Interest Rate - The yearly mortgage interest rate for a 20-year fixed-rate loan is around 25%.
Cost of Living Data
Salaries And Financing
Salaries And Financing
"Key Takeaways"
Benguela's cost of living includes a relatively high average salary, which can help offset the high mortgage interest rates.
Understanding these financial aspects is essential for budgeting effectively, whether you're planning to work or invest in property in Benguela.
Conclusion
In conclusion, Benguela presents a mixed financial landscape with a high average salary but also high mortgage interest rates.
Prospective residents and investors should carefully consider these factors when planning their finances in Benguela.
Nearby Cities
All cities in Angola