Is it expensive to live in Equatorial Guinea?

The average budget in USD in Equatorial Guinea is as following: $300USD per month for a single person; $800USD per month for a couple; $1200USD per month for a family with two children will do.

Is Equatorial Guinea economy good?

Equatorial Guinea’s economic freedom score is 47.2, making its economy the 163rd freest in the 2022 Index. Equatorial Guinea is ranked 41st among 47 countries in the Sub-Saharan Africa region, and its overall score is below the regional and world averages.

Is living in Spain cheaper than the US?

On average, the cost of living in Spain is 123% cheaper than in the USA. The biggest differences in cost are in rent, utilities, groceries, daycare, and health insurance.

How much is house rent in Equatorial Guinea?

WARNING!

Food
Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area 700,000 Franc
Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area 374,236 Franc
Utilities 1 month (heating, electricity, gas …) for 2 people in 85m2 flat 100,000 Franc

What is the minimum wage in Equatorial Guinea?

Because Equatorial Guinea does not have a minimum wage, there is no mandatory minimum rate of pay for workers in Equatorial Guinea.

How much is a beer in Equatorial Guinea?

Prices in restaurants in Equatorial Guinea.

Meal in a cheap restaurant 7,000 XAF (3,000-10,000)
Domestic Beer (0.5 liter draught) 1,000 XAF (500-1,500)
Imported Beer (0.33 liter bottle) 2,100 XAF (1,500-3,000)
Coke/Pepsi (0.33 liter bottle) 688 XAF (500-1,000)
Water (0.33 liter bottle) 667 XAF (500-1,000)

Is Equatorial Guinea a low income country?

MALABO — Equatorial Guinea has the highest level of per capita income in Sub-Saharan Africa at $22,300 per year.

Why is it so cheap to live in Spain?

Because average salaries can double the ones in Spain, US citizens find it really cheap to live in the Spanish territory. That is why many of them try to keep their incomes in the United States, where they work remotely; while enjoying everything Spain has to offer at a cheap price.

Is it cheaper to live in Spain or Italy?

Spain is 11.9% cheaper than Italy.