Cost of Living in Kathmandu Nepal per Month

Disclamer :  Statistics on this post was created based on market as of 19th Nov 2021

According to the Asian Development Bank, Nepal’s GDP will expand at 2.3 percent in the fiscal year 2020-2021, which is lower than the previous expectation of 3.1 percent. Agriculture grew by 2.4 percent last fiscal year, up from 2.2 percent the year before, thanks to a favorable monsoon and additional acreage under cultivation, according to the bank. On improved domestic demand and a big increase in exports, the industry sector expanded by 1.7 percent after shrinking by 3.7 percent. Spending on remittance growth has resulted in private consumption dominance. Import growth will continue to be strong in the current fiscal year as investment activity picks up due to a sustained recovery in economic activity. Nepal’s Cost of Living Index is lower than many other countries, but not the least. In recent years, the quality of living has deteriorated to a considerably less desired rate. Nepal’s economy is mostly based on agriculture and remittances.

Nepal’s economic growth prediction for fiscal year 2021-22 has been lowered to 4.1 percent by the Asian Development Bank due to the Covid-19 outbreak and the risks it brought, which have now been mitigated, this has dropped from 5.1 percent earlier, and tourist and service growth have slowed.

Cost of Living in Kathmandu Nepal as a Student

Nepal unbelievably is one of the most popular places for medical students. Nepal’s educational system shares several parallels with India’s educational system. Many top MCI-approved medical colleges are located in Nepal, which is why so many students prefer to study there. A country’s tuition price or study cost is determined by a variety of factors. It varies depending on the college and course you choose. The average cost of education in Nepal is NRs 24 lakhs.

Boys Hostel In Kathmandu

While choosing the finest accommodation can be tough, you will need to look for a location that is close to both your college and the main city. You will need to consider a number of aspects. Money is one of the factors. You’ll have to choose a location that fits inside your budget. A one-bedroom apartment outside of the city can cost you NRs 10000, with a difference of NRs 5000 inside the city, for a total of NRs 15000. A 480 sqft furnished apartment can cost up to NRs 42000 per month, while a 900 sqft furnished apartment can cost up to NRs 50000 per month on average.

As much as you’d like to have a comfortable place to sleep, you’d also like to fill your stomach with nice meals. Even though costs are rising, food in Nepal is not as expensive as one may think. Here are the average prices of some basic and important meals for the day:

Milk (1 liter)- NRs 85

Rice (1 kg)- NRs 84

Potato (1 kg)- NRs 50

Onion (1 kg)- NRs 80

Loaf of White Bread- NRs 55

Water (1.5-liter bottle)- NRs 35

Eggs (1 carton)- NRs 250

Apples (1 kg)- NRs 270

Other than that, basic utilities like electricity, water, garbage and internet can cost one an average of NRs 2500 per month. Hence, Nepal is known for its affordable accommodation and the living expenses in general.

Also Read: Girls Hostel In Kathmandu 

Cost of Living In Kathmandu Nepal as a Family

According to sources, the cost of living in Nepal (Kathmandu) is almost 64% lower than in California. In a city like Kathmandu, raising a family on one’s own would be extremely tough. Without rent, a family of four can expect to spend roughly NRs 1,50,000 per month. The anticipated monthly cost for a single person is NRs 40,000. While there are definitely common expenses that a family incurs, there are also housing expenses, personal care charges, and other utilities that add to a family’s expenses. Some average costs of the expenses incurred in a family in a month other than food is mentioned below:

Utilities like (heating, electricity, gas) – NRs 3500

Internet (8 Mbps) – NRs 1200

Clothing – NRs 5000

Laundry detergent – NRs 1300

Cleaning Help (Hourly Rate) – NRs 600

Medicine for cold (Dose of a week) – NRs 200

Antibiotics (1 box) – NRs 230

Visit to a private doctor – NRs 1500

Hair Shampoo – NRs 300

Bar of Soap – NRs 150

Tube of toothpaste – NRs 80

Men’s Haircut in a local salon – NRs 200

There are expenses such as Transportation expenses along with these personal expenses. A bus or a micro ride will cost you NRs 20 or more as you travel farther in from the city. If you decide to take a taxi, it can cost you NRs 250 per kilometer. The first few kilometers are expensice, after that after that it will cost around Rs. 90 per kilometer.

Food and Beverages Costs in Resturants in Kathmandu

The pricing for foods at resturants vary from place to place, you can find a very cheap place to a 5 start hotel inside the valley. Here are some of the pricing for a average resturant in kathmandu

  1. Black Tea : Rs. 30
  2. Green Tea : Rs. 30
  3. Milk Tea : Rs. 50
  4. Black Cofee : Rs. 40
  5. Milk Coffee : Rs. 70
  6. Black Tea : Rs. 30
  7. Orange Juice: 90
  8. Apple Juice: 110
  9. Veg Momo: 120
  10. buff Momo: 120
  11. Chicken Momo: 150
  12. Sadha Khana : 200
  13. Chicken Khana: 300
  14. Lassi : 80
  15. Chowmin :110
  16. Fried Rice: 120
  17. Egg fried Rice: 120

Cost of Living in Nepal or any place can vary due to the slightest factors whether you’re a student or you live in a family. There obviously are higher expenses incurred in a family compared to that of a student. Expenses are incurred by not only the basic wants but also the utilities required to make our lives way easier than just deciding to not use those utilities at all. Use of electricity, gas, internet, cleaning help, laundry detergent, shampoo, toothpaste, soap and even tidying up yourself in a salon is essential and hence, can not be ignored or skipped at the present. The highest expenses incurred per month is on the market. Living a quality life is more than just surviving; Cost of living rises as we look for more satisfaction in the daily and that is what makes our life easier.

If you have any questions, please post it below.