By Ihechi Enyinnaya
With the cost of living constantly being on the rise and gas prices skyrocketing, paying for the energy we use has become increasingly challenging. A new study has revealed that households in Nigeria spend 67.70% of monthly income on utilities!
A new study carried out by Utility Bidder delved into the data and analysed the monthly prices of water and gas, electricity broadband and mobile data around the world, to find in which countries people end up spending the highest proportion of their income on energy bills.
Pakistan ranked first with households spending a whopping 82.9% of their income in utility bills, the majority of which is spent on gas and water.
In second place, Nigeria has one of the highest monthly prices for broadband, with citizens paying more than half of their monthly wages purely for internet access. The country also ranks in the top 3 for mobile data, taking up nearly 1% of wages.
Top 10 countries spending the most of their monthly income on utilities:
The study also looked at countries where people spend the least amount of their monthly wages in utilities.
The country with the lowest household expenditure on utilities is Switzerland, this comes as no surprise as the alpine country has the highest monthly income on the study’s list, of £5,069. In second place, Singapore also has one of the highest incomes on the list of £3,370 per month, resulting in utility bills only adding up to 6.3% of this total. Next up, utility bills in Ireland take 6.5% of the average monthly income.
