MigrantoCost of living in Cape Verde
What a month costs, how prices compare with other countries
Monthly cost in Cape Verde
Spending runs from CVE 10,800 a month in the poorest fifth to CVE 91,800 in the richest
Per person, whole country
CVE 27,500
what a typical person spends in a month
Spending across the population
CVE 10,800richest 20%
CVE 91,800
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Key facts
The cost of living in Cape Verde in numbers
The most expensive of its neighbours
Every neighbouring country is cheaper. The same basket costs CVE 110,000 here against CVE 84,400 in Senegal, the closest on price.
Typical spending takes 56% of the average wage
A typical person spends CVE 27,500 a month while the average take-home wage is CVE 49,100, so 44% of an average wage sits above what a typical person spends.
The richest fifth spends 8.5× the poorest
Spending runs from CVE 10,800 a month in the poorest fifth to CVE 91,800 in the richest, which is #33 of 185 countries by that gap. A single national average hides a lot here.
How living costs in Cape Verde compare
Neighbours, region and the world on the same monthly figure
What things cost here
How much the same goods and services cost in Cape Verde against other countries
More expensive than 63% of countries
Where Cape Verde sits when every country is lined up from cheapest to most expensive
Pakistanmost expensive
Bermuda
middle
A basket of goods and services that costs CVE 95,300 at world-middle prices costs CVE 110,000 here.
Data source: household consumption 2024 (World Bank), International Comparison Program 2021 (World Bank), adjusted to 2026 using IMF GDP-per-capita growth
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What it costs to live in Cape Verde
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Cost of living in Cape Verde
CVE 10,800/mo
vs CVE 76,300 in your country
Take-home
CVE 17,300
vs CVE 114,000 in your country
Potential savings
CVE 6,580
more than in your country
Standard of living
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Frequently asked questions
What is the cost of living in Cape Verde?
A typical person in Cape Verde spends about CVE 27,500 a month — around CVE 331,000 a year — on housing, groceries, transport and other everyday costs. It's a nationwide average across different regions, cities and types of housing.
What is the standard of living in Cape Verde?
By spending, Cape Verde ranks #102 of 185 countries. A typical person spends about CVE 27,500 a month, the poorest 20% about CVE 10,800 and the richest 20% about CVE 91,800. The gap between them shows how unevenly people live.
What is the cost of living in Cape Verde in US dollars?
The cost of living in Cape Verde is about $289 a month, or roughly $3,468 a year per person.
How much money do you need to live comfortably in Cape Verde?
It all depends on your standard of living. A modest budget runs about CVE 10,800 a month per person, a typical one around CVE 27,500, and a comfortable life around CVE 40,700. In big cities and for a family, costs are usually higher.
Is the average salary in Cape Verde enough to live on?
Yes, with room to spare. Average spending is about CVE 27,500 a month, while the average take-home pay in Cape Verde is about CVE 49,100. For more on incomes, see salaries in Cape Verde.
Is Cape Verde an expensive country to live in?
Somewhat. Cape Verde is more expensive than 45% of countries worldwide and ranks 3rd of 53 in Africa by cost of living.
What currency is used in Cape Verde?
Cape Verde uses the Cape Verdean Escudo (CVE). Amounts on this page are shown in it; the currency switcher converts them.
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Living in Cape Verde
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