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New study reveals cost of living in Iran

Business Materials 22 September 2016 15:59 (UTC +04:00)

Baku, Azerbaijan, Sept. 22

By Khalid Kazimov – Trend:

Central Bank of Iran has recently published a report on the average income and costs of Iranian households over the last Iranian calendar year (ended on March 20).

According to the report, the gross income of per Iranian household over the mentioned period stood at $11,226 (35.258 million rials by the official rate on Sep.22).

In the meantime, the total cost of per Iranian household amounted to $11,228 (35.265 million rials).

The report suggests that average members of per Iranian household amounted to 3.38 persons. Meanwhile, 4-member households formed 29 percent of Iranian households.

The price of house rents in the mentioned period increased by 7.3 percent year-on-year.

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