Cost of Living in Montenegro (Monthly expenses in Montenegro)
Considering a move to the beautiful Balkan country of Montenegro? In this comprehensive guide, we’ll explore the cost of living in Montenegro, giving you a detailed insight into the expenses you can expect when living here. From housing and utilities to food, transportation and internet in Montenegro, we’ll provide a thorough breakdown of Montenegro’s costs to help you plan your move and make the most of your new life in this stunning destination.
Guide to the 6 most popular cities in Montenegro for Expats.
You will also find this guide useful if you’re considering living in Montenegro as a digital nomad.
Are you looking for the best destinations for digital nomads in Montenegro? Then read this article – Discover the Best Places for Digital Nomads in Montenegro
Find apartments and houses for rent in Montenegro here.
Learn more about living in Montenegro and temporary residency in Montenegro!
What is the cost of living in Montenegro in 2023?
The cost of living in Montenegro for most foreigners will be at least 1000 Euros per month in 2023 due to the steep rise in accommodation rental prices since 2022. Continue reading for a more details breakdown of living costs in Montenegro.
Is living in Montenegro expensive?
Montenegro is a budget-friendly country to live in. For a family of four, estimated monthly costs are around €1,856.5 without rent, while for a single person, it’s around €535.9 without rent. The cost of living in Montenegro is on average 45.4% lower than in the United States. Rent in Montenegro is on average 69.5% lower than in the United States.
What is the cost of a meal in Montenegro?
You can have a simple meal like pizza, pasta, or salad for under 10 euros. If you’re adding a steak or fish, it can cost 14 euros or more. Many restaurants offer reasonable prices for lunch menus. You can get a large beer for 2-3 euros, depending on the place.
What is the average cost of an apartment in Montenegro?
The monthly rent for an apartment in the city center for one or two people can cost over 500 Euros, while apartments for larger families can cost twice as much and more depending on the location.
Is Montenegro cheaper than Croatia?
Montenegro is slightly cheaper than Croatia because of its different currency. However, the price of food and drinks is not significantly different.
What is a good salary in Montenegro?
In Montenegro, the average wage is €666.17/month, while the maximum rate of average wage for employees was €940/month in January 2023. In 2022 the minimum salary in Montenegro increased from €250 per month to €450 per month.
Is Montenegro a budget-friendly destination?
Montenegro is a budget-friendly holiday destination, and accommodation and food are reasonably priced. Total holiday costs can be around €84/day, according to Budget Your Trip. Even luxury holidays are affordable in Montenegro compared to other destinations.
Montenegro Cost of Living Comparison Table – 2023
Montenegro Cost Of Living Comparison
|Type of Expense||Montenegro|
|Milk 1 liter||€1.08||€1.21||€1.11||€0.99|
|Water 0.33 liter||€1.11||€1.29||€2.41||€1.76|
|Petrol 1 liter||€1.48||€1.78||€2.00||€0.85|
|Diesel 1 liter||€1.53||€1.76||€1.84||€1.03|
|Coke/Pepsi 0.33 liter||€2.07||€1.99||€2.58||€2.33|
|Cappuccino 0.25 liter||€2.09||€3.70||€3.17||€4.67|
|Eggs 1 dozen||€2.30||€2.43||€2.91||€3.68|
|Domestic Beer 0.5 liter||€2.50||€5.05||€4.00||€5.59|
|Meal for two mid-range||€40.00||€67.37||€60.00||€74.52|
|Rent-1 bed outside center||€418.57||€873.91||€847.91||€1520.48|
|Rent-1 bed city center||€572.22||€1126.25||€1136.25||€2254.93|
1. Rent or Buy
If you have no plans yet to buy a property, then you can find a long-term rental first. The cost of this will depend on the location, rooms, and if it’s first-class or a luxurious condo or apartment. These are monthly rates. These may or may not include fees like electricity, water, etc.
- Studio Apartment or Condominium (1 Bedroom or Bathroom) – EURO 350 – 550
- Apartment with 2+ Bedrooms and Shared Bathroom – EURO 450 – 650
- Apartment/House with 2+ Bedrooms and 2+ Bathrooms – EURO 550 – 1000+
- Fully-Furnished Fancy Properties Costs – EURO 1500 +
- First-Class Properties – EURO 2,000 +
You can also check out our article on How to Buy a Property in Montenegro.
You may also pay utilities like Electricity, Water, etc. especially if this is not included in your rental agreement. Take note that during winter months, your bill would be bigger as you need heating. As for the internet, it will depend on the speed and the add-ons.
- Utilities – EURO 50 – 100
- Internet + Cable TV – EURO 18 – 60
You could buy a car in Montenegro, especially if you live far away from local amenities. However, you can also ride a bus for transportation or taxis. Here are the expenses you might incur:
- Fuel Budget – EURO 50 – 100 per month
- Public Transportation – EURO 0.4 – 1 within the town
- Monthly Passes – EURO 15 – 25 per month
- Taxis – EURO 1 per kilometer
- Car Rental – EURO 300 – 500 per month
Another important thing you should consider is the expenses for your food or groceries. There are many grocery stores you can find. If you want to have fewer expenses, then you can have your garden like us! Below is the estimated amount you’d have to budget every 2 weeks:
- For one person – EURO 50 – 100
- For a couple – EURO 80 – 150
- Family – EURO 100 – 250
- Additional for Pets – EURO 50 – 100
5. Eating Out – Food or Drinks
Another thing you should budget is if you want to chill or relax and spend time outside, here are the costs you might pay
- Cheap Restaurant – EURO 4 – 10 per meal
- Three-Course meals – EURO 15 – 30
- Fast Food – EURO 3 – 5
- Desserts – EURO 3 – 5
- Bread – EURO .10 cents – 1
- Alcohol – EURO 2 – 5
- Soft Drinks – EURO 1.5 – 2
Overall, you might need to spend at least 800 to 1000 Euros per month per person. Considering the cost of living in other big EU countries that are at least EURO 800 per month, you can surely save a lot in Montenegro. It’s excellent here, and if you want to move, you can contact me as I have a company that will help you migrate here with less hassle. You won’t regret living in Montenegro!
Montenegro Featured Tours and Activities
- Top Ten Tours and Experiences in 2023
- Where to go in Montenegro? 6 Day trips from Dubrovnik to Montenegro
- Travel guide to the Njegoš Mausoleum in Montenegro
- Travel guide to Tara River Canyon in Montenegro
- 10 Must see places to go hiking in Montenegro
- Where to go camping in Montenegro?
- Where to go skiing in Montenegro?
- 15 Best things to do in Budva, Montenegro
- Travel guide to Budva Old Town in Montenegro
- 5 Best things to do in Becici, Montenegro
- 10 Best things to do in Petrovac, Montenegro
- 8 Best things to do in Lustica Bay, Montenegro
- Lustica Peninsula travel guide: Best beaches on Luštica Peninsula, Montenegro
Montenegro General Knowledge Guides
- Discover the Hidden Gem: Where is Montenegro? Your Guide to the Jewel of the Balkans in 2023
- Stay Connected in Montenegro: Your Guide to Tourist SIM Cards in 2023
- Getting Around Made Easy: Your Guide to Taxis in Montenegro for Beginners in 2023
- Montenegro border webcams – live traffic at the Montenegrin border checkpoints
- Guide to weather in Montenegro and things to consider
- Guide to Montenegro for Beginners
- Airport transportation in Montenegro – going to or from Montenegro Airports
- Airline directory in Montenegro (Airlines with offices in Montenegro)
- How to get married in Montenegro
- Is Montenegro Safe?
- Best Internet Providers in Montenegro
- Montenegro Visa Guide
Montenegro Car Rental Guides
- 5 Best Montenegro Tours in Kotor
- Where to eat in Kotor, Montenegro near the Cruise Port?
- Travel guide to Kotor Old Town in Montenegro
- Guide to our lady of the rocks in Perast, Montenegro
- 9 Best things to do in Perast, Montenegro
- 6 Best things to do in Risan, Montenegro
- 6 Best things to do in Kolasin, Montenegro During Winter
- 8 Best things to do in Kolasin, Montenegro during summer
- 9 Best things to to in Danilovgrad, Montenegro
- Discover the Hidden Gems of Podgorica, Montenegro: The Ottoman Empire’s Legacy, Scenic Rivers, and More
Other Coastal Guides
North Montenegro Guides
- 5 Best things to do in Bijelo Polje, Montenegro
- 5 Best things to do in Pljevlja, Monatenegro
- Things to do in Zabljak during summer
- 15 Best things to do in Niksic, Montenegro
- 6 Best things to do in Plav, Montenegro
- 15 Best things to do in Cetinje, Montenegro
- 5 Best things to do in Rozaje, Montenegro
- Best things to do in Andrijevica, Montenegro
- 9 Best things to do in Berane, Montenegro
- Best things to do in Plužine, Montenegro
Wednesday, March 29
Tours in Montenegro: Uncover the Adriatic’s Best-Kept Secret
Discover Montenegro’s tranquil beaches, medieval cities, rugged landscapes, and vibrant culture on our expertly curated tours. Book now to explore the Adriatic’s hidden gem!
Monday, April 10
Car Rental in Montenegro: Find the Best Deals and Explore at Your Own Pace
Discover the best Montenegro car rental options and secure the best deals for your journey. Rent a car in Podgorica, find cheap car rentals, and explore Montenegro’s beauty with ease.
Friday, April 22
Relocation Services In Montenegro
We offer all the services you need to relocate to Montenegro. House purchase. Montenegro Temporary Residency. Montenegro Company Formation. Car rental in Montenegro. Property Management in Montenegro. Real estate in Montenegro. Tours in Montenegro. Montenegro lawyers and accountants.