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Average monthly rent for a three-bedroom apartment in Kuwait about $1579
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This is higher than what residents in Ireland, USA, Australia, the UK spend on rent
Dubai: If you are planning to shift to Kuwait, be prepared to shell out as much as 38.20 percent of your income on rent.
A survey conducted by the UK’s website www.money.co.uk revealed that a major chunk of monthly income was devoured by rent for apartments.
According to price comparison, people in Kuwait spend 38.20 percent on rent from their monthly income which is higher than countries such as Ireland, USA, Australia, Canada and the United Kingdom.
The survey which was conducted comparing cost of living (groceries, utilities, transportation and entertainment) with an average cost of renting, found that the average monthly rent for a three-bedroom apartment in Kuwait is about 475 KD ($1579), and the monthly cost for a family of four is around 770 KD, total expense for the month is 1,245 KD.
Hong Kong wipes out more than 50.25 percent of monthly income, followed by Singapore with 47.08 percent, Qatar with 43.73 percent and UAE with 39.85 percent
Saudi Arabia residents spend 19.07 percent of their total monthly income on rent which is the lowest in the world followed by Greece, where residents spend 19.73 percent and Turkey with 20.11 percent
Kuwait city ranked 115 on this year’s Mercer’s Cost of Living Survey. It was the second least expensive Gulf city after Doha for the overseas workers. Riyadh turned out the most expensive GCC city this year.
Mercer’s ranking of 209 cities measures the comparative cost of more than 200 items, including housing, transport and food. (With Arab News inputs)