🇨🇻 Cost of Living in Cabo Verde - Prices & Budget Guide
Last updated: February 2026
Verified Facts
Official NameRepublic of Cabo Verde
CapitalPraia
Population491,233
Area4,033 km² (1,557 sq mi)
LanguagesPortuguese
CurrencyCape Verdean escudo (Esc)
TimezoneUTC-01:00
RegionAfrica / Western Africa
Drives onRight
Source: REST Countries API
Economic Indicators
GDP per Capita (PPP)$11,195 (2024)
Inflation Rate1.1% (2024)
Health Spend per Capita$290 (2023)
Out-of-Pocket Health Spend25.7% (2023)
Education Spend (% GDP)4.3% (2023)
Source: World Bank Open Data
Quick Facts
Cost LevelAffordable
Daily Budget (Backpacker)$30-50 USD
Daily Budget (Mid-Range)$60-100 USD
Daily Budget (Comfort)$150-250 USD
CurrencyCVE
Tipping Customnot expected
How Expensive Is Cabo Verde?
Cabo Verde is an island nation located off the coast of West Africa, offering a unique blend of African, Portuguese, and Brazilian cultures. In terms of cost of living, Cabo Verde is considered to be affordable, with prices lower than those found in Western Europe or North America. However, compared to other African countries, Cabo Verde is slightly more expensive due to its island location and reliance on imports. The cost of living in Cabo Verde is influenced by the country's remote location, limited natural resources, and dependence on tourism. As a result, prices for accommodation, food, and transportation can vary depending on the location and time of year.
Overall, Cabo Verde offers a great balance of affordability and quality of life, making it an attractive destination for tourists, expats, and digital nomads. The country's affordable cost of living, combined with its stunning natural beauty, rich culture, and friendly people, make it an excellent choice for those looking to experience the best of Africa without breaking the bank. Whether you're looking to relax on the beach, explore the islands, or immerse yourself in the local culture, Cabo Verde has something to offer for every budget and preference.
Accommodation Prices
Type
Price Range (USD/night)
Notes
Hostel/Budget
$15-30
Basic dorms and private rooms, often with shared facilities
Mid-Range Hotel
$40-80
Comfortable hotels with private bathrooms and amenities like Wi-Fi and breakfast
Luxury/Resort
$150-300
High-end resorts with luxurious amenities, beach access, and stunning views
Apartment Rent (monthly)
$200-500
Furnished apartments in city centers, with prices varying depending on location and size
Food & Dining Prices
Meal Type
Price Range (USD)
Street Food / Local Eatery
$3-5
Casual Restaurant
$10-20
Mid-Range Restaurant (2 people)
$25-40
Fine Dining
$50-100
Beer (local)
$2-5
Coffee
$1-3
Water (1.5L bottle)
$1-2
Transport Costs
Transport
Cost (USD)
Local bus/metro ride
$0.50-1.50
Taxi (per km)
$1-2
Domestic flight
$100-200
Fuel (per liter)
$1-2
Monthly Budget Breakdown
Category
Budget ($)
Mid-Range ($)
Comfortable ($)
Rent
200
400
800
Food
200
400
600
Transport
50
100
200
Utilities
50
100
200
Entertainment
100
200
400
Total
600
1200
2200
Money-Saving Tips
Consider staying in a hostel or guesthouse instead of a hotel to save on accommodation costs
Eat at local restaurants and try traditional dishes like cachupa and calulu
Use public transportation or walk/bike whenever possible to save on transport costs
Shop at local markets for fresh produce and groceries
Avoid traveling during peak season (December to April) to save on accommodation and flight costs
Learn some basic Portuguese phrases to negotiate prices and interact with locals
Overall, Cabo Verde offers a unique and affordable destination for travelers and expats alike. With its stunning natural beauty, rich culture, and friendly people, Cabo Verde is an excellent choice for those looking to experience the best of Africa without breaking the bank. By following these money-saving tips and being mindful of your expenses, you can have a comfortable and enjoyable stay in Cabo Verde without overspending. Whether you're looking to relax on the beach, explore the islands, or immerse yourself in the local culture, Cabo Verde has something to offer for every budget and preference.