Cost Of Living In Dubai Vs USA

What Is The Cost Of Living?

Cost of living means the monetary cost of maintaining a particular standard of lifestyle. Usually, it is calculated by averaging the cost of the number of specific goods or services required by a particular group.

Measurement of the cost of a minimum standard of living is important in ascertaining relief payments, social insurance benefits, family allowances, tax exemptions, and minimum wages. Measurements of change in the cost of living are worth considering in wage negotiations.

The cost of living is often used to compare the cost of living in different areas. 

Factors That Should Be Considered While Comparing The Cost Of Living In Dubai Vs The USA In 2023

Housing

Housing is one of the most important yet basic needs that one can’t ignore when choosing to live somewhere. Whether you choose to own a house or rent a place to live. One has to consider what’s the best option. Many people choose to live in a beautiful city or a country at the cost of their living space. They choose to live in a tiny apartment just to enjoy their short-term attraction towards a city or country because of its beauty. Moving to a country is not a small decision to take. It’s a decision that is going to affect your long-term life. The rental cost of living in Dubai vs the USA:

As per the above data, the cost of living in case of housing cost in Dubai is quite less than in the USA.

Groceries

After the housing is done, food is the next necessity. You can’t survive without groceries, so it’s an unavoidable factor when choosing to live somewhere. You should always try to find a place to live where you can afford all the groceries you need to stay healthy and never starve. I have seen people making comments “I can live in a place that has better standards while compromising on food. Food is not my thing.” That’s not practical, right? So, choose the one where you can afford to eat well. It’s a life decision. Let’s see what the groceries Cost of living in Dubai vs the USA is:

Utilities

The next thing is utility, which can shake the whole month’s budget. Utilities commonly include water, electricity, mobile, and internet connection bills, etc. Without these, you can’t expect to survive. Of course, you are going to feel frustrated if you face the fact that these are costly in the country you live in. Because utilities have a lot more impact on our lives than we can imagine. Your children would need the internet for their studies. You might need the internet for conducting business and other stuff. Water is a bare necessity. Let’s see what’s the difference in utilities’ cost of living in Dubai vs. VS USA:

Transportation

When it comes to transportation, most developed countries have great roadways. USA and Dubai are no exception to it. You can order a taxi through an app anytime, anywhere. You may find metros, buses, taxis, etc. very easily in these places. But living in a place where the transportation cost is fewer means you can commute from one place to another at a lower cost. Lower transportation costs are a bonus for someone who likes to travel. Obviously, you wouldn’t want to stay at home for the rest of your life! Let’s see which one between Dubai and the USA offers better transportation cost: (in USD)

Healthcare

Now comes the part of health care, another vital key factor. You wouldn’t want to live in a country that has the costliest healthcare facilities, would you? There are so many things to be considered when it comes to the cost of health care like insurance, medicines, hospitalization cost, etc. Let’s see what the difference between Dubai's cost of living vs the USA in the case of health care is:

The average health insurance cost in the USA for an individual is $456 and $1152 for a family per month. Whereas in the United Arab Emirates, for a medical insurance policy that deals with all the elements of medical needs costs around $2720 per year.

Education

Education is the most important thing that concerns parents for their children when they’re migrating to a different country. The cost of tuition, schooling, and college education everything comes into the mind of parents as they want the best possible education for their children. Fortunately, both the US and Dubai have the best education facilities available. As for the cost of education, we need to compare it and choose which one suits the best to your budget:

Entertainment

Ahaa! Entertainment, we can’t imagine going with life without life. No one wants to live a boring life. You would want to go to the cinemas, circuses, concerts, and many other attractions. Dubai is known for its attractions among tourists. On the other hand, the USA doesn’t lag behind in entertainment as well. The cost could be something that would make you think twice before making a decision to move to one of these places. Let’s see what the differences between the cost of living in Dubai vs the USA are when it comes to entertainment part:

Average Cost Of Living In Dubai Vs USA For A Single Person

The average cost of living in Dubai and the USA in the case of a single person can vary depending on various factors such as location, lifestyle, and expense patterns. However, in general, the cost of living in Dubai is lower than in major cities of the USA for a single person.

Following are some examples of the average cost of living in Dubai and the USA for a single person-

• The average cost for a single-bedroom apartment in the city center of Dubai is around $1500-2000 a month.
• In the case of an inexpensive restaurant, a meal in Dubai costs around $12, while in an expensive restaurant, it costs around 50$.
• For public transportation, the monthly pass in Dubai costs around $50, while a monthly pass for taxi service costs around $200-300..
• In terms of groceries and other daily expenses, it costs around $300-400.

Average Cost Of Living In Dubai Vs USA For A Family Of Four

The cost of living for a family of four in Dubai is lower than in major US cities like New York and Los Angeles. Let's review some of the points below:

• The average cost of living in renting a place is 10.9% higher in Dubai compared to the US. 
• For dining in restaurants, the prices in Dubai are 16.2% higher than in the major cities in the US. 
• In terms of groceries and other daily expenses, Dubai is 27.6% lower as compared to the cities in the US.
• Education and health care are reasonable and there is no income tax.

Average Cost Of Living In Dubai Vs USA For Couples

• The average cost of living in Dubai is around AED 4k to 9k. Plus additional expenses as per their lifestyle choices. 
• Initially, going ahead with a 1BHK is a cost-efficient solution. The area places a vital role in the cost and the approximate costs can be anywhere from AED 3166 to AED 6250 per month. 
• Monthly groceries and other utility expenses can cost around AED 1000 to AED 1500 per month. 

Prospective Cost Of Living In Dubai For The Year 2023

Every number is calculated, researched, and given as per the data of the past years. Though depending on each individual or family’s choice, there is bound to be a slight difference in the numbers. But, we are sure at least this will give you a fair idea of the prospective cost of living in Dubai if you are planning to make the big move this 2023. 

As per projected reports, there is a possibility that the real estate might slow down to just 4.5% and 3.0% respectively. Though, we can ensure you the best quality of life whether you choose USA or Dubai. 

Conclusion

Overall, as per the above data, it is quite visible that the cost of living in Dubai is less than it is in the USA. Before deciding, one must keep in mind the income earned per year, the quality of society and government.

FAQ

1: What Salary Do You Need To Live In Dubai?

For a comfortable living in Dubai, one should expect a salary of at least 10,000 to 15,000 AED. This should be enough to cover your rent and bills and have enough income left with you to enjoy Dubai to the fullest.

2: How Much Does It Cost To Live In Dubai?

The estimated monthly costs for a family with four members are 12,827.6 AED without rent. As for a single person, it is around 3,682.6 AED

3: Is Dubai Expensive Compared To The USA?

The United Arab Emirates is 14.5% cheaper than the United States of America. 

4: Are Cars Cheaper In Dubai Vs The USA?

Prices of cars in Dubai are notably lower than in the USA due to the high supply of cars in the market. To keep afloat, car industries have been pressured to offer higher discounts on buying new cars. 

5: Why Do Americans Move To Dubai?

Better salaries, low taxes, and a high supply of attractive housing units motivate many people to move to Dubai to live a good ex-pat life.