Cost of living in Al-'udayliyah
Al-'udayliyah, located in Kuwait, offers a unique blend of cultural richness and modern living. Understanding the cost of living in this city is crucial for both residents and potential newcomers.
This guide provides a detailed breakdown of expenses, including housing, transportation, and other essential costs, to help you plan your budget effectively.
Cost of Living Summary
Housing Costs
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $2276.16.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is approximately $12193.73.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1750.03 to $4064.58, averaging $2907.3.
Salaries and Financing
- Average Monthly Net Salary (After Tax) - The average monthly net salary after tax is $5446.53.
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan is 2.5% annually.
Cost of Living Rankings
The cost of living indices for Kuwait 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 Kuwait, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Rent Per Month
Rent Per Month
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
"Key Takeaways"
Al-'udayliyah presents a relatively high cost of living, particularly in terms of housing, with significant expenses for purchasing property in the city centre.
The average salary is quite competitive, which can help offset some of the higher living costs.
Potential residents should consider the high property prices when planning to buy real estate in the city.
Conclusion
In conclusion, Al-'udayliyah offers a vibrant lifestyle with a high cost of living, especially in housing. While the average salary is substantial, the high property prices in the city centre may require careful financial planning.
For those considering a move to Al-'udayliyah, understanding these costs is essential for making informed decisions about living arrangements and budgeting.