Besides real estate prices being low, life in Honduras is generally affordable. An amount of approximately $1500 will be more than enough for your monthly expenses, and depending on your lifestyle, you might spend even less. Healthcare. Hondurans have access to both the public and private sectors.
What’s the average income in Honduras?
Economy. Due to the critical financial situation, Honduras is one of the heavily indebted poor countries. With an average annual income of 2,740 USD it is one of the lower middle-income countries.
What is the quality of life in Honduras?
Despite a relative dynamic economy prior to the crisis, Honduras maintains a high level of extreme poverty and one of the highest informality rates in the region, with only 17% of the population contributing to social security, a scenario that has worsened as a result of the pandemic.
How much does it cost to live comfortably in Honduras?
What is the minimum wage in Honduras per hour?
The minimum monthly wage effective from January 1, 2022, in Honduras is range from 5,681.73 Honduran lempiras per month (22.44 lempiras per hour) to 8,803.70 lempiras per month (36.68 lempiras per hour.) An employee in Honduras is entitled to a 13th and 14th-month bonus and it is paid in the month of December.
Is Honduras a safe country to live in?
Although the overall situation has slightly improved since 2022, violent crime remains a concern throughout Honduras. The country retains one of the highest homicide rates in the world. Drug trafficking, transnational organized crime and street gang activity is prevalent in certain neighbourhoods.
Is Honduras a low income country?
MEDIAN INCOMEHonduras is one of the poorest countries in the Latin America and Caribbean (LAC) region and has faced relatively slow poverty reduction in recent years.
Where is the highest minimum wage in the world?
Luxembourg. Luxembourg offers the highest minimum wage of any country worldwide at US$3,169 (EUR 2,936) per month for skilled talent over the age of 18. Unskilled talent, or talent under the age of 18, receives a lower monthly minimum wage: Unskilled workers 18 years of age and older: US$2,641 (EUR 2,447)