Nearly every expat would like to live in a country like Kuwait because of its alluring sights and environment. The most expensive currency in the world, the coveted US dollar is fixed to the Kuwaiti dinar. Kuwait’s currency is one of the factors that attract foreigners to the country. Yet, country living is not exactly inexpensive. The cost of living in Kuwait can roughly match that of the majority of European cities or nations.
Moving to Kuwait offers expatriates a lot of benefits. Both employers and employees are exempt from paying taxes in Kuwait. The cost of lodging in Kuwait can be expensive or within your means, and the cost of clothing depends on your preferences.
Moreover, Kuwait offers reasonably affordable prices for automobiles, gasoline, electronics, and other necessities, which is contrary to what many expats might anticipate. Up to 90% of Kuwait’s government’s income is derived from the export of oil, making it one of the major, world-leading oil traders.
The cost of living in Kuwait is reputed to be among the highest in the world. But is this actually the case? To understand the true meaning behind the statistics, let’s zoom in on them.
Kuwaiti living expenses
The location, size, and Kuwaiti food prices are just a few of the many variables that can affect how much a rental in Kuwait will cost. One-bedroom apartments in the city center normally cost approximately $873 per month, while comparable apartments outside the city center cost about $679.
A three-bedroom apartment in the city center can normally be rented for about $1713 per month, whereas a comparable apartment just outside the city center would cost about $1325 per month if you need more space.
While these figures offer some insight into the average cost of renting in Kuwait, it’s important to remember that other elements such as location, apartment quality, and amenities may also have an impact on rental costs.
So, it is best to do your homework and consider all of your alternatives when deciding where to live in Kuwait so that you may locate housing that meets your needs at a price that is in line with your budget.
Please read: Updated Cost of Living in Hongkong
Kuwait accommodations
The expense of lodging in this country is rather high, as you might anticipate. It is the situation that expats find themselves in when they relocate to another sophisticated city or nation.
- Downtown one-bedroom condo $949.06
- Apartment with 1 bedroom outside of the city, $740.60
- $1,827.80 for a three-bedroom apartment in the heart of a city
- Apartment with 3 bedrooms outside of the city, $1,427.97
When you stay in this country, your lodging costs will be higher. On the other hand, if you work for a corporation, you might obtain a free apartment. For employees who live in Kuwait, some businesses provide free housing.
Kuwait’s cost of living for one person
Living in Kuwait may be rather expensive, particularly for those who live alone. For a single person, the average monthly cost of living in Kuwait is about $710, which includes costs for things like food, housing, and transportation.
If you want to maintain a good level of living in Kuwait, it is crucial to establish and stick to a budget because this amount does not account for holidays, entertainment, or other non-essential costs.
Kuwait’s Cost of Living: A Family of 4
A family of four can get by on about $2660 per month in Kuwait, which is enough to pay for their basic needs including food, shelter, and transportation. If you want to maintain a good level of living in Kuwait, it is crucial to establish and stick to a budget because this amount does not account for holidays, entertainment, or other non-essential costs.
What Would a Decent Salary in Kuwait Be?
There are several things to take into account while choosing a good salary for living in Kuwait. For starters, a person’s wage range can change depending on the type of work they do and their level of schooling. For those who work in Kuwait, the usual gross monthly wage ranges from $766 to $3660.
Nevertheless, this is merely the base pay; it does not account for benefits like health insurance, extra perks, or incentives. Also, the cost of living in Kuwait varies greatly depending on where you choose to reside. The cost of living in urban places like Kuwait City is typically higher than in rural locations farther from the city. In the end, deciding on the appropriate wage will depend on your demands and preferences as well as the range of your professional obligations.
There are therefore many options available in Kuwait that can help you get by comfortably and meet all of your financial commitments, whether you’re searching for a high-paying employment in a big urban center or a lower-paid job working with local people in a rural location.
Kuwaiti Transportation Expenses
The monthly pass for public transportation is less expensive than in the majority of other modern cities. The cost of living in Kuwait does not significantly increase when transportation costs are included.
- $0.82 for a roundtrip ticket on local transportation
- $50 for a regular monthly pass
- The standard taxi fare is $3.29.
- Taxi fare per mile: $5.29
- 1 Ltr. of gasoline $1.96
- VW Golf 1.4 (or an identical model), without any further equipment $19,000
- The cost of a Toyota Corolla 1.6l 97kW Comfort (or comparable vehicle) is $16,772.50.
In Kuwait, everything related to transportation is less expensive than in other comparable countries. Most Western expats will appreciate the low cost of the transit.
Is Kuwait a Good Place to Live?
Kuwait is without a doubt a great place to live. This tiny but prosperous nation is home to lively cities and breathtaking natural settings, providing citizens with a wide range of cultural and recreational opportunities. Kuwait offers something to offer everyone, whether you enjoy the outdoors, are an adrenaline junkie, a foodie, or are just searching for a tranquil spot to call home.
It is understandable why so many people dream of settling down in this thriving and hospitable nation with its rich culture and stunning scenery. Hence, if you’re thinking about moving to Kuwait, don’t wait; fulfill your aspirations right away!
Conclusion
Kuwait has a high cost of living compared to other nations, but this is made up for by the high salaries that people receive. If expats are prudent with their expenditures, they will discover that they may live comfortably while saving money.
There are various methods to save money, including occasionally eating out and shopping at your neighborhood market.
