Cost of living in Goranboy
Goranboy, a city in Azerbaijan, offers a unique blend of cultural heritage and modern living. Understanding the cost of living here is crucial for anyone considering relocation or planning a visit.
This guide provides a detailed breakdown of expenses in Goranboy, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $9.41 on average, with a range between $5.29 and $17.65.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $35.29, with prices ranging from $26.47 to $58.82.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $7.65, with a range between $7.06 and $8.82.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.18 to $2.94, imported beer $1.94 to $3.82, cappuccino $2.35 to $4.71, and Coke/Pepsi $0.41 to $1.76.
Grocery Prices
- Milk - Milk is priced between $0.88 and $1.76 per liter, averaging $1.34.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.29 and $0.59, with an average price of $0.46.
- Eggs (Dozen) - A dozen eggs range from $0.85 to $2.12, averaging $1.45.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.59 to $1.76 per kg, while oranges range from $0.88 to $2.35 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.44 and $1.18 per kg, and lettuce costs $0.24 to $0.94 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.59 and $1.18 per liter.
- Taxi Fares - Taxi fares start at $1.47, with a cost of $0.29 to $1.18 per km and $2.94 to $5.88 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $16,470.59 and $23,529.41, while a Toyota Corolla ranges from $21,764.71 to $26,470.59.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan averages 9.27%, ranging from 7% to 14%.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $41.67 and $100, averaging $60.54.
- Internet - Internet services range from $11.76 to $22.35, with an average cost of $14.93.
- Mobile Phone Plan - A mobile phone plan with calls and 10GB+ data costs between $7.06 and $20.59, averaging $12.55.
Cost of Living Rankings
The cost of living indices for Azerbaijan 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 Azerbaijan, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Goranboy offers a relatively affordable cost of living compared to many Western cities, with low prices for dining and groceries.
Transportation costs are moderate, with affordable taxi fares and gasoline prices.
Utilities and internet services are reasonably priced, making it easier to manage monthly expenses.
Conclusion
In conclusion, Goranboy presents a cost-effective living environment with affordable dining, grocery, and utility expenses.
While housing costs and mortgage rates are competitive, the overall cost of living remains manageable, making it an attractive option for residents and newcomers alike.
Nearby Cities
All cities in Azerbaijan