Economy, Domestic Economy
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Urban Household Income/Spending Up

Urban Household Income/Spending UpUrban Household Income/Spending Up

Iranian families living in urban areas spent an average of 234.865 million rials ($7,831 at official exchange rate) over the past Iranian year (ended March 20, 2015).

The figure registers a 14% rise compared to the preceding year, the latest report released by the Statistical Center of Iran shows.

The largest household spending categories were “food and tobacco” ($1,938 or 24.7%) and “non-food” ($5,893 or 75.3%).

Urban households earned an average income of $8,046, which shows an 18% rise compared to the previous year.

Last year, the ratio of the urban household’s average income to their spending saw a 4% growth over the preceding year.

Paid-employment jobs with 32.3%, self-employment jobs with 16.3% and other sources of revenue with 51.4% constituted the urban households’ income, the report shows.

Meanwhile, the average cost of rural households during the same period stood at $4,619, which posts a 6.9% rise compared to last year.  

The “food and tobacco” category constituted 41.2% or $1,911 and “non-food” accounted for 58.8% or $2,717 of the rural household’s total spending.

The average yearly income of rural households was $4,651, which shows a 14.8% increase compared to the year before.

Last year, the ratio of the rural household’s average income to their spending saw a 7.9% growth over the preceding year.

Paid-employment jobs with 29.6%, self-employment jobs with 30.7% and other sources of revenue with 39.7% made up for the rural households’ income.

Financialtribune.com