Kathmandu is one of the fastest-growing cities in South Asia. Home for most of the offices, banks, organizations, and share market of Nepal, Kathmandu is one of the cheapest cities in the world. According to NUMBEO, the capital city of Nepal has a cost of living index of 29.53 which is 70.47% lower than in New York. Kathmandu also ranks low in terms of food, clothing, transportation, and renting costs.
People shopping in the bustling streets of Kathmandu
The city is a hotspot for the professionals and students and boasts an average monthly salary of 23,709 NRs. The cost of rent in Kathmandu is 94.77% lower than in New York. A three-bedroom apartment in the city center costs around 39,000 NRs per month, whereas the price drops as low as 26,000 NRs per month as you move outside of the city centers.
Kathmandu also has a high number of restaurants. The restaurant price index of Kathmandu is 20.18. A three-course meal in a mid-range restaurant for two people costs around 1,900 NRs, but you can still find a cheap meal in an inexpensive restaurant at the price of 300 NRs. Beer price ranges around 300 Nrs to 420 Nrs. And the regular cappuccino is available for around 190 NRs.
The capital city heavily depends on road transportation. Public bus, van, tempos are available for transportation. A monthly pass for public transportation is about 900 NRs. If you have your own vehicle, then you can find gasoline at the price of 107 Nrs per liter depending on the market. Taxi cost starts around 250 NRs with an additional cost of 100 NRs per kilometer.
On the food markets, the grocery index of Kathmandu is 27.10. Milk prices at 87 NRs per liter, rice around 100Nrs per kg, and chicken around 430 per kg. Fruits such as oranges and banana costs around 130 per kg. Cigarettes averages around 10 Nrs per pack.
According to the current Cost of Living Index by City, Kathmandu ranks 394 out of 440 cities.