Cost of living in Fongafale
Fongafale, the largest island in Tuvalu, serves as the country's administrative center. Understanding the cost of living here is crucial for anyone considering relocating or working in this unique Pacific island setting.
This summary provides insights into the cost of housing, average salaries, and financial aspects that influence daily life in Fongafale.
Cost of Living Summary
Housing Costs
- Buying Price per Square Meter (City Centre)The price per square meter to buy an apartment in the city centre is approximately $1053.66.
Salaries and Financing
- Average Monthly Net Salary (After Tax)The average monthly net salary after tax in Fongafale is $5614.35.
- Mortgage Interest RateThe mortgage interest rate for a 20-year fixed-rate loan is 5% annually.
Cost of Living Data
The following pricing data has been gathered from 2 user contributions, as of the most recent update in May, 2023.
Buy Apartment Price
Buy Apartment Price
Avg
Range
Price per Square Meter to Buy Apartment in City Centre
$1,053.66
Salaries And Financing
Salaries And Financing
Avg
Range
Average Monthly Net Salary (After Tax)
$5,614.35
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate
5%