International Cost of Living Calculators

2021 International cost of living and hardship / quality of living data for 780 global locations.

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Cape Verde, All Areas

Cape Verde, All Areas

Cost of living in Cape Verde, prices and what it is like to live for an Expat, quality of life / hardship, and compare cost of living for Expatriates as at July 2021.

What is it like to live in Cape Verde?

Climate: The climate is temperate with a warm, dry summer. Rainfall is meagre and very erratic.

Language: The official language is Portuguese which is the main business language, a patois known as Crioulo is spoken colloquially. Visitors should check in advance whether interpretation will be necessary. All correspondence should be in Portuguese, English or French.

Religion: Christianity.

Economy: The economy of Cape Verde is service-oriented, with commerce, transport, and public services accounting for more than 70% of GDP. Although nearly 70% of the population lives in rural areas, agriculture and fishing contribute only about 9% of GDP. Light manufacturing accounts for most of the remainder. Expatriate Cape Verdeans contribute an amount estimated at about 20% of GDP to the domestic economy through remittances.

Inflation: 2.4% for Cape Verde as at August 2021.

Money: The currency of Cape Verde is the Cape Verde Escudo (CVE) which is fixed to the Euro. Generally Banks will exchange hard currencies and the major hotels and restaurants will accept credit cards.

Tax: In Cape Verde is based on the current personal income tax rates which are progressive up to 25%.

Population: 540,000 (2020 est.)

Expat Life: Cape Verdeans are generally generous and hospitable. Business culture reflects that of Portugal. Expatriate dress code is smart rather than formal. The safety risk for expatriates in Cape Verde is low. Risks include petty street crime and theft in crowded areas such as markets, as well as violent crime usually related to drug trafficking.

Health Care: Health care facilities are limited, and some medicines are generally not available. Cases of Zika virus have been reported.

Cape Verde covers all areas within the country other than Praia.

Cost Of Living

What is the cost of living in Cape Verde?

The cost of living for expatriates in Cape Verde as at July 2021 is low in comparison to other places in the world, with an overall Cost of Living Index (COLI), for all 13 basket groups, of 60.9 (New York =100). We have collected prices for the same items, world wide, based on Expat spending norms, in or closest to the location, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Cape Verde is as follows:

1) Alcohol and/or Tobacco: Cost is low for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1,000 in New York costs USD$650. Average price in a store for a midrange bottle of wine is USD$6.57, domestic/local beer (500ml) USD$1.31, imported/international beer (330ml) USD$2.31 and a pack of 20 cigarettes is USD$2.29.

2) Clothing: Cost is very low for items such as business, casual and children's clothing and footwear. A basket costing USD$1,000 in New York costs USD$450. Average price for an international brand of mens jeans is USD$30, a quality international brand of running shoes USD$58, mens leather shoes suitable for office wear USD$29 while a medium size international summer dress from a global chain store is USD$16.

3) Communication: Cost is high for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$254. Average price for a monthly standard plan internet subscription is USD$59, while the benchmark mobile tariff is USD$0.23 per minute.

4) Education: Cost is average for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30,000 in New York costs USD$22800. Average annual private international school fee (excluding extras) USD$14,772 for Primary School, and USD$16,439 for High School.

5) Furniture & Appliances: Cost is low for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2,500 in New York costs USD$1625. Average price for a 6kg front loader Washing Machine is USD$631, and USD$542 for a 46+'' LED UHD TV.

6) Groceries: Cost is low for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1,000 in New York costs USD$570. Average grocery prices in a major international retail store for 1 kg apples is USD$3.00, 1 kg oranges USD$2.49, 1 head lettuce USD$1.48, 1 kg potatos USD$1.53, 1 kg boneless, skinless, chicken breast USD$7.69, 1 kg cheddar cheese USD$11.04, 1 dozen large eggs USD$2.40, 500g loaf white bread USD$0.70, 1 L full cream milk USD$1.94, and 1.5 L water USD$0.85.

7) Healthcare: Cost is very low for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1,000 in New York costs USD$480. Average healthcare cost for a private practice Doctor visit for an uninsured patient is USD$38, and a private hospital stay per day including nursing care, medications, diagnostic tests, food, and related costs is USD$1,183.

8) Household Accommodation: Cost is average for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5,000 in New York costs USD$2500. Average expatriate house / apartment rent for a secure upmarket unfurnished apartment (3 bedrooms) is USD$2,018 in a central location, and USD$1,134 in a suburban location, per month, excluding utilities.

9) Miscellaneous: Cost is high for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$515. Average price for dry cleaning (1 mens 2 pc suit) is USD$10.05, while an international newspaper is USD$3.09.

10) Personal Care: Cost is low for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$220. Average cost for a mens haircut and blow dry is USD$17, while a womens hair colour, cut and blow dry - medium length is USD$87.

11) Recreation & Culture: Cost is average for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$325. Average price for a latest release international cinema ticket (average of on and off peak where applicable) for one adult is USD$10.32, and an international fitness, recreation or sports club membership cost for one adult is USD$48 per month.

12) Restaurants Meals Out and Hotels: Cost is high for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1,000 in New York costs USD$780. Average cappuccino price (regular, medium) is USD$2.57, coke/pepsi (330ml) USD$1.22, burger meal (international franchise or similar) USD$7.49, and a mid-range international restaurant meal for 2 USD$42.17.

13) Transport: Cost is low for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1,000 in New York costs USD$680. Average average price over the last year for highest available octane petrol / gasoline (1L) is USD$1.02, while the benchmark car sedan purchase price including taxes/duties for a compact / small / economy vehicle (1.4 L) is USD$20,195.

How does the cost of living in Cape Verde compare?

Cape Verde is -31.2% cheaper than USA for groceries, -26.7% cheaper for household costs than UK, and 30.3% more expensive for transport costs than India.

What is the quality of life / hardship in Cape Verde?

Cape Verde is ranked as a high degree of hardship location.The hardship premium for Cape Verde for an expat from Australia, is for example 20%, i.e. host location (Cape Verde) premium of 30% minus home (Australia) location premium of 10%.

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