Verified Facts

Official NameSultanate of Oman
CapitalMuscat
Population5.3 million
Area309,500 km² (119,499 sq mi)
LanguagesArabic
CurrencyOmani rial (ر.ع.)
TimezoneUTC+04:00
RegionAsia / Western Asia
Drives onRight
Source: REST Countries API

Economic Indicators

GDP per Capita (PPP)$41,740 (2024)
Inflation Rate0.6% (2024)
Health Spend per Capita$732 (2023)
Out-of-Pocket Health Spend6.3% (2023)
Education Spend (% GDP)4.3% (2022)
Source: World Bank Open Data

Yemen is generally cheaper than Oman, with an overall cost of living that is approximately 30-40% lower.

Quick Facts

Oman GDP per Capita (PPP)29,497
Yemen GDP per Capita (PPP)2,402
Oman Inflation Rate2.5%
Yemen Inflation Rate10.2%
Overall Winner (Cheaper)Yemen

Overview: Oman vs Yemen

Oman and Yemen are two neighboring countries in the Arabian Peninsula with distinct economic profiles. Oman has a high-income economy, driven by its oil and gas sector, while Yemen is a low-income country with a fragile economy. The cost of living in Oman is significantly higher than in Yemen, reflecting the country's stronger economy and higher standards of living. In general, Oman is more expensive than Yemen, with prices for housing, food, and transportation being substantially higher. However, Yemen's economy has been severely impacted by conflict and instability, which has led to a significant decline in the standard of living and a rise in poverty.

The economic context of the two countries is also reflected in their GDP per capita and inflation rates. Oman has a GDP per capita of over $29,000, while Yemen's GDP per capita is less than $2,500. Additionally, Oman's inflation rate is relatively low, at 2.5%, while Yemen's inflation rate is significantly higher, at 10.2%. These differences in economic indicators contribute to the overall cost of living in each country, with Oman being more expensive than Yemen. On average, Yemen is approximately 30-40% cheaper than Oman, making it a more affordable option for expats, students, and retirees.

Rent & Housing Comparison

ItemOman (USD)Yemen (USD)Difference
1BR Apartment (City Center)64022065.6% cheaper
1BR Apartment (Outside)43015065.1% cheaper
3BR Apartment (City Center)1,20040066.7% cheaper

Food & Dining Comparison

ItemOman (USD)Yemen (USD)Difference
Meal at Restaurant10550% cheaper
Groceries (monthly)30015050% cheaper
Beer (500ml)8450% cheaper
Coffee31.5050% cheaper

Transport Comparison

ItemOman (USD)Yemen (USD)Difference
Monthly Transit Pass502060% cheaper
Taxi (per km)2150% cheaper
Fuel (per liter)0.600.4033.3% cheaper

Utilities & Internet Comparison

ItemOman (USD)Yemen (USD)Difference
Utilities (85 sqm apt)1505066.7% cheaper
Internet (60 Mbps)502060% cheaper
Mobile Plan201050% cheaper

Monthly Budget Comparison

Budget TierOman (USD)Yemen (USD)Savings
Budget1,20060050%
Mid-Range2,5001,20052%
Comfortable4,0002,00050%

Where Each Country Wins

  • Oman is cheaper for:
  • Luxury goods and high-end shopping
  • Modern amenities and entertainment options
  • High-quality healthcare and medical services
  • International education and schooling options
  • Yemen is cheaper for:
  • Basic necessities like food and housing
  • Local transportation and fuel
  • Traditional clothing and handicrafts
  • Affordable labor and domestic help

Bottom Line

When considering the cost of living in Oman and Yemen, it is essential to weigh the pros and cons of each country. Oman offers a high standard of living, modern amenities, and a stable economy, but at a significantly higher cost. Yemen, on the other hand, provides a more affordable lifestyle, but with limitations in terms of modern amenities and economic stability. For expats, students, and retirees, Yemen may be a more attractive option due to its lower cost of living, but it is crucial to consider the country's current situation and potential risks. Oman, while more expensive, offers a more comfortable and secure lifestyle, making it a better choice for those who value stability and modern amenities. Ultimately, the choice between Oman and Yemen depends on individual priorities and circumstances.