Cost of living in Formosa
Formosa, a city in Brazil, offers a unique blend of cultural experiences and economic opportunities. Understanding the cost of living here is crucial for anyone considering a move or planning a visit.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to transportation and housing, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $5.15 on average, with a range between $4.29 and $7.72.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $30.88, with prices ranging from $17.16 to $77.2.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $6, with a range between $5.15 and $6.86.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.03 to $2.4, imported beer $1.37 to $5.15, cappuccino $1.37 to $3.09, and Coke/Pepsi $1 to $1.37.
Grocery Prices
- Milk - Milk is priced between $0.69 and $1.03 per liter, averaging $0.88.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.86 and $6, with an average price of $1.42.
- Eggs (Dozen) - A dozen eggs range from $1.03 to $2.06, averaging $1.7.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.77 to $2.4 per kg, while oranges range from $0.41 to $1.03 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.6 and $1.71 per kg, and lettuce costs $0.38 to $1.41 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $0.86 and $1.05 per liter.
- Taxi Fares - Taxi fares start at $0.81, with a cost of $0.94 to $1.89 per km and $3.43 to $6.86 per hour of waiting.
- Car Prices - A Volkswagen Golf costs between $17,155.60 and $18,871.16, while a Toyota Corolla ranges from $25,182.71 to $27,448.96.
Housing Costs
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan ranges from 8.5% to 14%, averaging 11.5%.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $48.04 and $111.51, averaging $71.05.
- Internet - Internet services range from $10.12 to $20.59, with an average cost of $15.7.
Cost of Living Rankings
The cost of living indices for Brazil 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 Brazil, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Formosa offers a relatively affordable cost of living compared to larger Brazilian cities, with low prices for dining and groceries.
Transportation costs are moderate, with affordable fuel prices and reasonable taxi fares.
Housing costs are not detailed in terms of rent, but mortgage rates suggest a competitive real estate market.
Conclusion
In conclusion, Formosa presents a cost-effective living environment with affordable dining and grocery options.
While transportation and utility costs are manageable, potential residents should consider the competitive mortgage rates when planning to buy property.
Overall, Formosa is an attractive option for those seeking a balance between cost and quality of life in Brazil.