How Does the Average Person Spend Their Money in San Salvador?
Try to think for a minute how much money you spend living at your native place for a month.
What you eat, where you go, how you practice, what movies you watch, and how many rooms you rent are the variables that we are going to compare with the average San Salvadorian’s lifestyle.
The least of the family’s income is spent on clothing and shoes, naturally.
The weather does not demand wearing?coats, boots, hats etc.
The food is in the first place, some healthy and not so healthy products that can be bought in the markets.
They pay almost equal sums for restaurants and transportation costs, but monthly rent equals both the items.
An average person spends only 5.8% of their money to pay bills.
San Salvador: Average Salary, Minimum Wage & Mortgages
According to the news stories and statistics, the mortgage interest rate has decreased in San Salvador.
Now you can take the loan for 20 years and pay only 8.5% annually to cover your mortgage expenses.
This works for new living premises, but if you want the house with history you better check with the local bank for the current mortgage interest rates, because they can be totally different.
The average wage for the people who work in the agricultural industry, textile manufacturing, machine building, and some other popular jobs, is $425.34.
Many international companies presented at the market of San Salvador have much higher remuneration for the employees who were lucky enough to get the job there.
The minimum wage countrywide is $304.2 which is not so bad if you live in your private apartment and do not lack some basic needs.
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El Salvador : Cost of Living by City
