Cost of Living in Egypt

Cost Guide for Living in Egypt

Egypt, known for its rich history and vibrant culture, offers a variety of lifestyles at different price points. Whether you are considering moving to Egypt for work, study, or retirement, understanding the cost of living in the country is crucial for budgeting and financial planning. From housing to healthcare, this comprehensive guide will provide you with detailed insights into the cost of living in Egypt.

Currency

The official currency used in Egypt is the Egyptian Pound (EGP).

Housing

1. Rental Costs by Region: Rental prices vary significantly across different regions in Egypt. In major cities like Cairo, Alexandria, and Sharm El Sheikh, you can find a wide range of accommodation options to suit different budgets. Here is an approximate breakdown of average monthly rental costs for a one-bedroom apartment in different regions:

- Cairo: EGP 5,000 - 10,000 - Alexandria: EGP 3,500 - 7,000 - Sharm El Sheikh: EGP 4,000 - 8,000

Data/SIM Costs

2. Mobile Data and SIM Costs: Egypt has a competitive telecommunications market with several providers offering affordable data and SIM packages. A typical monthly prepaid mobile package with data in Egypt can range from EGP 100 to EGP 300, depending on the data allowance and additional services included.

Food

3. Groceries and Dining: The cost of food in Egypt can vary depending on whether you choose to dine out or cook at home. Here are some average prices to give you an idea:

- Basic lunchtime menu in the business district: EGP 50 - 100 - Dinner for two at a mid-range restaurant: EGP 300 - 500 - Monthly grocery bill for one person: EGP 1,500 - 2,500

Transport

4. Transportation Costs: Public transportation in Egypt is relatively affordable, with options including buses, minibuses, and the metro in Cairo. Taxi services like Uber and Careem are also popular in major cities. Here are some average transportation costs:

- One-way ticket on public transport: EGP 2 - 10 - Taxi starting tariff: EGP 5 - 10 - Monthly pass for public transport: EGP 100 - 300

Coworking Rates

5. Coworking Spaces: Egypt has a growing startup and freelance community, leading to an increase in coworking spaces across the country. Monthly coworking rates can vary depending on the location and facilities provided, ranging from EGP 1,000 to EGP 3,000.

Lifestyle Expenses

6. Entertainment and Leisure: Egypt offers a rich cultural experience with historical sites, museums, and vibrant markets to explore. Here are some average prices for common leisure activities:

- Cinema ticket: EGP 50 - 100 - Fitness club monthly fee: EGP 500 - 1,000 - Theatre ticket: EGP 100 - 300

Healthcare

7. Healthcare Costs: Egypt has both public and private healthcare facilities, with varying levels of service quality. While public healthcare is heavily subsidised, expats and residents often opt for private healthcare for better service. Here are some average healthcare costs:

- Doctor's visit (private): EGP 200 - 500 - Basic dental check-up: EGP 300 - 600 - Health insurance (annual): EGP 3,000 - 6,000

Regional Differences

8. Urban vs. Rural Living: The cost of living in urban areas like Cairo and Alexandria is generally higher compared to rural areas. While urban areas offer more job opportunities and amenities, rural areas provide a more peaceful and affordable lifestyle.

Budget Tiers

9. Budgeting Tips: To help you plan your budget effectively, here are some budget tiers based on monthly expenses for a single person:

- Basic Budget: EGP 8,000 - 12,000 - Moderate Budget: EGP 12,000 - 18,000 - Comfortable Budget: EGP 18,000 - 25,000

In conclusion, Egypt offers a diverse range of living options to suit different lifestyles and budgets. By understanding the costs associated with housing, food, transport, healthcare, and other expenses, you can better prepare for your life in Egypt. Whether you are looking for a budget-friendly experience or a more luxurious lifestyle, Egypt has something to offer for everyone.