How Much Does It Cost to Live In Belo Horizonte?
Belo Horizonte is not much popular place among settlers, as it is not so attractive to decide to start living there and it is slightly smaller than some other famous cities in Brazil.
Still, there is definitely something special about it so that people choose to come back and begin a new life surrounded by friendly and welcoming Brazilians.
And, maybe, it is just its size that appeals to people who decide to come or the little amount of foreigners settled there.Cost of Living Index:
Brazil : Cost of Living by City
- Belo Horizonte
- Porto Alegre
- Rio de Janeiro
- Sao Paulo
Being one of the major Brazilian cities, Belo Horizonte has to offer restaurants for everybody’s taste.
If your budget is not too high, you can visit some of the inexpensive ones and dine for $5.
For more wealthy citizens, there are famous restaurants where food is far too expensive.
Food is inexpensive in Belo Horizonte as compared to some other countries and that is the reason why restaurants are affordable too.
It would be even better for your budget if you prepare meals at home.
To save money on groceries, it is always suggested to buy them at the markets or at discounted prices.
Possessing a car in this city might not be a great idea as you can lose half your day just getting around and looking for a parking lot or the right address.
Furthermore, the price of gasoline is not affordable and that is why many people decide to use public transport.
Paying $100 for all the bills would be amazing to somebody coming from advanced countries where the average salaries are high.
However, for the Belo Horizonte citizens, the prices are just as they should be, neither too high, nor too low, as their salaries are approximately $400 per month.
SPORTS & LEISURE
Belo Horizonte always has something going on every day and entertainment is very important in their lives.
Cinemas around the city are frequently visited, as well as many events and shows.
Tennis players would find it far too expensive paying $36 for just one hour of tennis practice.
CLOTHING & SHOES
The price of clothes is not so high related to some European countries where a pair of jeans is $80 or more.
All in all, you can get quality apparel at appropriate prices if you are earning above the average.
For foreigners coming to live there from developed countries, clothing items might be a bargain.
RENT PER MONTH
Unlike some bigger cities, the life in Belo Horizonte can be less expensive, meaning that the costs of rents are cheaper.
If you are not obliged to be in the city center, then finding a perfect place to be out of it would be affordable.
The costs would depend on the size and location of the apartment, as well as the number of family members and their desires.
Cost of Living Averages Table for Belo Horizonte
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$5.33|
|Domestic Beer (0.5 Liter)||$2.13|
|Water (0.33 Liter)||$0.64||Average Market Prices|
|Milk (1 Liter)||$2.77|
|Loaf Bread (500g)||$1.33|
|Eggs (12)||$1.38||Average Transport Prices|
|One Way Ticket||$1.08|
|Gasoline||$4.62||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$77.24|
|1 min. of Prepaid Mobile Tariff Local||$0.39|
|Internet (Unlimited Data, Cable/ADSL)||$34.04||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$26.74|
|Tennis Court Rent (1 Hour)||$36.43|
|Cinema, 1 Seat, International Release||$7.24||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$52.35|
|1 Summer Dress in a Chain Store (Zara, etc...)||$36.68|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$84.06||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$313.32|
|Apartment (1 bedroom) Outside of Center||$222.38|
|Apartment (3 bedrooms) in City Center||$563.27|
How Does the Average Person Spend Their Money in Belo Horizonte?
Food is the spending of utmost importance and people first focus on earning money for it, and if something is left, it can be spent on other things.
It is not unusual that the idea of driving here is not good.
Even though the city is not as huge as some other Brazilian cities, possessing a car would not save you money. Quite the contrary, it is more expensive means of commuting than public transportation.
Sportsmen who practice tennis find it difficult to provide enough money for renting a tennis court.
Less money goes for utilities than in many other countries due to the lower prices.
Belo Horizonte: Average Salary, Minimum Wage & Mortgages
Having your own place to live in Belo Horizonte would be an amazing mitigating circumstance, since you will be able to save more than $300 per month.
On the other hand, if you have to pay it, $400 of average monthly net salary would not be enough.
People with minimum wages struggle to survive here, as the costs are exceeding their means of living.
Wealthier people, who think of buying a property there should know that the interest rate is 10% or higher.
Cost of Living by City in Brazil
*Click the name of the city for more information.
|City||Cost of Living Index|
|Rio de Janeiro||44.12|