Oman household incomes soar

Average household income has risen by 83.9 percent in the past 11 years

Oman’s average household income has risen by 83.9 percent in the past 11 years with families now making OMR1,172 ($3,044) per month, according to a new report.

The report, released by the National Centre for Statistics and Information (NCSI), showed the Muscat Governorate recorded the highest average monthly household income of OMR1,459, with average household spending of OMR930 a month, the Times of Oman reported.

The NCSI report said as of mid-2013 there were 278,891 families in the sultanate, with an average 7.5 people per household. This figure was estimated to be increasing by 4,700 families annually.

More than half of the families were living in modern houses, according to the report.

In Muscat, 77 percent lived in modern houses, but this dropped to only 25 percent in the Al Wusta Governorate.

The proportion of home ownership among Omani households rose to 83 percent within the Sultanate, according to the 2010 Census.

Meanwhile, the proportion of car ownership recorded among Omani families rose to 90 percent of all households.

According to the report, the proportion of people getting drinking water from improved sources increased from 75 percent in 2003 to 95 per cent in 2010.

The report highlighted data on personal and housing loans, revealing that the total number of Omanis who had received personal or residential loans from commercial banks in Oman totalled 444,000 citizens.

This figure represented 55.5 percent of the total number of Omani borrowers, according to the 2011 data.

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Posted by: Chris

It would be interesting to know the specifics in regards to what constitutes a 'modern house' for this survey. Regardless, congratulations Oman!

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