Sharm El Sheikh, South Sinai, Egypt
A world-class Red Sea resort destination, known for its coral reefs, diving, and luxury beach resorts.
Below Average vs Egypt Avg (100)
Affordable
Household income
Job market health
Sharm El Sheikh vs Egypt Average
Taxes
- Income Tax: None
- VAT: 14.0%
Economy & Jobs
- Median Income: EGP 100,000
- Unemployment: 7.0%
- Population: 73,000
Climate
- Sunny Days: 350/year
- Summer High: 95°F
- Winter Low: 60°F
Housing
- Median Home: E£1,500,000
- 1BR Rent: E£4000/mo
Cost of Living
Sharm El Sheikh's cost of living index is 90 (Egypt average = 100).
| Category | Sharm El Sheikh | National Average | Difference |
|---|---|---|---|
| Overall | 90 | 100 | -10.0% |
| Housing | 88 | 100 | -12.0% |
Data source: CAPMAS / Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | E£1,500,000 |
| Median Rent (1BR) | E£4000/mo |
| Median Rent (2BR) | E£5,000/mo |
| Price per Sq Ft | E£1,000 |
Data source: Aqarmap / Numbeo, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Sharm El Sheikh:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | E£150 | Based on ~400 kWh/month typical Egyptian household usage |
| Heating & Cooling | N/A | Estimated based on local climate. electric or gas heating |
| Cooling (AC) | E£365 | Estimated based on local climate and electricity rates |
| Water | E£50 | Includes sewer |
| Internet (100+ Mbps) | E£200 | Broadband average |
| Garbage / Trash | E£30 | Private service |
| Total Utilities | E£795 | Monthly estimate (including heating & cooling) |
Data sources: EEHC, Holding Company for Water, Telecom Egypt 2025
Best Neighborhoods
Downtown Sharm El Sheikh
The heart of the city with restaurants, shops, and entertainment. Average rent: E£4,800/mo.
Sharm El Sheikh Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: E£4,400/mo.
East Sharm El Sheikh
Up-and-coming neighborhood with new developments and young professionals. Average rent: E£3,600/mo.
West Sharm El Sheikh
Family-friendly area with parks and good schools. Average rent: E£3,800/mo.
Remote Work Score
Sharm El Sheikh scores —/100 for remote work readiness:
Climate
Sharm El Sheikh has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 80°F | 60°F | 2.5" |
| April | 80°F | 75°F | 2.8" |
| July | 95°F | 70°F | 1.5" |
| October | 75°F | 78°F | 2.2" |
Taxes
- Income Tax: 0% (None)
- VAT: 14%
- Property Tax: ~1.2% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 7.0%.
Crime & Safety
Crime rates in Sharm El Sheikh per 100,000 residents:
City-level crime data is not available for this location. The figure shown is the national average, which may differ significantly from actual conditions in this city.
Data source: UN Office on Drugs and Crime
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Sharm El Sheikh, South Sinai, Egypt?
The cost of living index in Sharm El Sheikh is 90, which is Lower the Egypt national average of 100.
How much does it cost to buy a home in Sharm El Sheikh?
The median home price in Sharm El Sheikh is E£1,500,000. The housing index is 88.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Sharm El Sheikh is approximately E£4000/mo.
Does Sharm El Sheikh, South Sinai have income tax?
Sharm El Sheikh is in South Sinai, which has no income tax.
What is the climate like in Sharm El Sheikh?
Sharm El Sheikh enjoys approximately 350 sunny days per year. Summer highs reach around 95°F, while winter lows can drop to around 60°F.
Data Sources
- Cost of Living: CAPMAS / Numbeo, 2026
- Housing Data: Aqarmap / Numbeo, 2026
- Income & Employment: CAPMAS Labour Force Survey, 2024
- Utilities EEHC, Holding Company for Water, Telecom Egypt 2025
Data last updated: July 19, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.