Average Cost Of Living in Namibia
What is Cost of Living?
Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas.
Overview of Cost of Living in Namibia
The cost of living is the amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a certain place and time period. The cost of living is often used to compare how expensive it is to live in one city versus another. The cost of living is tied to wages.
The cost of living in Namibia is very high. Namibia imports about 50% of its cereal requirements. Many other items used in daily life also need to be imported. High transportation costs make prices very high and unaffordable. Monopoly in some business sectors causes higher profit booking, which also results in raising of prices
What is the average cost of living in Namibia?
The average cost of living in Windhoek is $732, which is in the top 34% of the least expensive cities in the world, ranked 6130th out of 9294 in our global list and 4th out of 10 in Namibia.
The median after-tax salary is $931, which is enough to cover living expenses for 1.3 months. Ranked 2028th (TOP 22%) in the list of best places to live in the world and 1st best city to live in Namibia. With an estimated population of 323k, Windhoek is the 1st largest city in Namibia.
Frequently Asked Questions (FAQ’s)
Is it expensive to live in Namibia?
The cost of living in Namibia is very high. High transportation costs make prices very high and unaffordable. Monopoly in some business sectors causes higher profit booking, which also results in raising of prices.
What is the best method to calculate the cost of living?
In some instances an index may be higher or lower than another index calculated according to a different formula. But for a large group of consumer goods and services typically used by the international businessman, the Worldwide Cost of Living Survey index is the best choice available.
Is Namibia cheaper than South Africa?
South Africa is 6.1% more expensive than Namibia.
How much does it cost to live in Windhoek Namibia?6
If we’re speaking about Namibia in general, paying bills in this country isn’t expensive. Taking into consideration basic monthly utilities like electricity, water, heating and cooling, it all amounts to around 70$ a month in Windhoek, which is very affordable for a normal-sized apartment of about 85m2.
What do people do for a living in Namibia?
Namibia’s industrial sector provides jobs for 22.4% of the people working in Namibia and accounts for 11.5% of the country’s GDP. Mining is Namibia’s most important industrial activity.
How much will it cost to build a 3 bedroom house in Namibia?
Using prices from August, it found that the construction of a standard three-bedroom house will cost on average N$432 900 in Windhoek and N$330 950 in Keetmanshoop, due to varying land prices. In Rundu it costs N$330 950 to construct a house, Katima Mulilo and Ondangwa N$340 000 and in Swakopmund N$360 000.
How much does a house in Namibia cost?
The average national housing price in Namibia at the end of December 2019 stood at about N$1,1 million says Frans Uusiku, the market researcher at First National Bank Namibia.
Is Namibia cheaper than South Africa?
South Africa is 6.1% more expensive than Namibia.
Is Namibia safer than South Africa?
Namibia is safer than South Africa (roads, crime, etc), but I say that with caution as you should use your head in any country. Windhoek is generally friendly, but obviously don’t flash your touristness about.
Is there a lot of crime in Namibia?
Crime is a serious concern in Windhoek and other areas throughout Namibia. Robberies, muggings, and thefts occur frequently, especially in downtown shopping areas and wherever crowds of travelers are found. Incidents are less frequent during the day than they are after dark.
What is building cost per square meter?
Sitting at the opposite end of the price scale and at the second most expensive construction province is Gauteng at R7 870 per m2 followed by the Western Cape at R7 020 per m2.
Can foreigners buy property in Namibia?
How difficult is the property purchase process in Namibia? Except for agricultural land, there are no restrictions on nonresident foreigners and legal aliens owning property in Namibia. Most property ownerships are freehold.
Is Namibia a rich or poor country?
Although considered a middle-income country, Namibia has one of the most unequal distributions of wealth and income in the world. Many attribute poverty in Namibia to German colonization and years of apartheid rule imposed by the South African government.
What is a good salary in Namibia?
A person working in Namibia typically earns around 17,400 NAD per month. Salaries range from 4,410 NAD (lowest average) to 77,900 NAD (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
How much does a dentist earn in Namibia?
How much does a dentist earn in Namibia? A person working as a Dentist in Namibia typically earns around 42,200 NAD per month. Salaries range from 22,000 NAD (lowest) to 64,600 NAD (highest). This is the average monthly salary including housing, transport, and other benefits.
Which job has highest salary in Namibia?
The most paid careers are Agriculture & Fishing with average income 695,420 NAD and Engineers & Technicians V with income 543,913 NAD. Based on education, the highest salaries receive people with Doctorate Degree with salary of 520,300 NAD.
Is Namibia Safe for solo female Travellers?
To answer the question right away: Yes, Namibia is a safe destination for solo female travellers. Below are a handful of tips for solo female travellers, plus my top five picks of Gondwana destinations to stay at when travelling on your own.