The Cost of Living in Cape Verde for Expats
If you are considering moving to Cape Verde, it is important to understand the cost of living in this beautiful African country. Whether you are planning to work or retire in Cape Verde, having a clear idea of the expenses involved will help you budget accordingly.
Housing
The cost of housing in Cape Verde can vary depending on the location and size of the property. In popular tourist areas like Sal and Boa Vista, rental prices tend to be higher. On average, you can expect to pay around $500 to $800 per month for a one-bedroom apartment in these areas. If you are looking to buy a property, prices can range from $100,000 to $300,000 depending on the location and amenities.
Transportation
Getting around in Cape Verde is relatively affordable. Public transportation options include buses and taxis, with fares starting from as low as $0.50 for a bus ride. If you prefer to have your own vehicle, you can buy a used car for around $5,000 to $10,000. However, it is important to consider the cost of fuel, maintenance, and insurance.
Groceries
The cost of groceries in Cape Verde can be higher compared to other African countries due to the countrys reliance on imports. Basic food items like rice, bread, and vegetables are widely available but can be slightly expensive. On average, a monthly grocery bill for a couple can range from $200 to $400.
Dining Out
Cape Verde offers a variety of dining options, from local street food stalls to upscale restaurants. Eating out can be reasonably priced, with a meal at a local restaurant costing around $5 to $10 per person. However, dining at high-end establishments can be more expensive, with prices ranging from $20 to $50 per person.
Utilities
The cost of utilities in Cape Verde, including electricity, water, and internet, can be relatively high. On average, you can expect to pay around $100 to $150 per month for these services.
Healthcare
Cape Verde has a public healthcare system, but it is recommended to have private health insurance for expats. The cost of health insurance can vary depending on the coverage and provider. On average, you can expect to pay around $100 to $200 per month for health insurance.
Overall, the cost of living in Cape Verde can be moderate to high, depending on your lifestyle and preferences. It is important to factor in all the expenses mentioned above and plan your budget accordingly before making the move.
