Cost of living in Swakopmund
Swakopmund, a coastal city in Namibia, is known for its German colonial architecture and vibrant tourism industry. Understanding the cost of living here is crucial for both residents and potential newcomers.
This guide provides a detailed breakdown of expenses in Swakopmund, 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 $5.55 on average, with a range between $4.44 and $32.53.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $33.3, with prices ranging from $27.75 to $47.18.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $3.27, with a range between $2.22 and $4.33.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer averages $1.25, imported beer $1.67, cappuccino $1.67, and Coke/Pepsi $0.7.
Grocery Prices
- Milk - Milk is priced between $1.11 and $1.33 per liter, averaging $1.22.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs $0.89 on average.
- Eggs (Dozen) - A dozen eggs average $2.11.
- Local Cheese (1kg) - Local cheese costs $7.21 per kg on average.
- Fruits (e.g., Bananas) - Bananas average $1.44 per kg.
- Vegetables (e.g., Tomatoes, Lettuce) - Tomatoes average $1.94 per kg, and lettuce costs $2.22 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.06 and $1.44 per liter, averaging $1.25.
- Taxi Fares - Taxi fares start at $0.72.
- Car Purchase - A new Volkswagen Golf costs approximately $13,877.02, while a Toyota Corolla is around $16,652.42.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $388.56 to $555.08, averaging $471.82.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $222.03 to $506.45, averaging $353.84.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $832.62 to $1110.16, averaging $971.39.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $499.57 to $832.62, averaging $666.1.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $555.08.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $333.05.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment average $49.96 per month.
- Internet - Internet services average $66.61 per month.
Cost of Living Rankings
The cost of living indices for Namibia 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 Namibia, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Swakopmund offers a relatively affordable cost of living compared to many global cities, with low rental prices and inexpensive dining options.
Transportation costs are moderate, with affordable fuel prices and taxi fares.
Grocery prices are reasonable, though some imported goods may be more expensive.
Utilities and internet services are competitively priced, contributing to the overall affordability of living in Swakopmund.
Conclusion
In conclusion, Swakopmund presents a cost-effective living environment, especially for those seeking a balance between affordability and quality of life.
With its scenic coastal location and vibrant community, Swakopmund is an attractive option for both residents and expatriates looking to settle in Namibia.