How Much Does It Cost to Live in Cape Verde? A Cost-of-Living Guide

Anyone considering a move to Cape Verde asks almost the same question: how much does it cost to live there? This guide gives a realistic overview, focused on the city of Praia.

Housing

Usually the biggest monthly expense. A two-bedroom rental in a central Praia area (Palmarejo or Achada Santo António) runs 40,000 to 90,000 CVE per month (about €360 to €815). For buyers, a two-bedroom in those areas typically costs 7 to 16 million CVE.

Food

Local products — fish, fruit, vegetables — are affordable; imported goods tend to cost more, reflecting the logistics of an archipelago. A family might spend 25,000 to 45,000 CVE a month on groceries, depending on habits.

Transport

"Hiaces" (informal shared vans) are the cheapest way to get around the city. Owning or renting a car brings more flexibility, especially for those living outside the centre or visiting multiple islands.

Utilities

Water, electricity and internet add up to an average of 8,000 to 15,000 CVE a month for a family, depending on usage and housing type.

Health and education

The public healthcare network covers the essentials, but many residents opt for private insurance. In education, Praia has international schools for families seeking foreign curricula, with correspondingly higher tuition.

Summary

For a two-person household, a comfortable monthly budget in Praia runs 90,000 to 150,000 CVE (about €815 to €1,360), including rent. Overall, the cost of living in Cape Verde is generally lower than in Portugal or other European countries, especially for housing.

If you're planning the move, Imobisol can help you find housing that fits your budget — get in touch.