Cost of living and expenses in Montenegro

What are the costs of living, how much do you have to spend on fees and expenses in Montenegro? What is the cost of a mortgage, what are the average earnings in Montenegro, and how much do you have to spend on clothes or a flat in the centre or on the outskirts of the city?
Below you will read about the expenses, fees, rental prices, how much you have to pay for clothes or shoes and the cost of living in Montenegro (The last update: 2 days ago)

Currency in Montenegro euro (EUR €). For 10 US dollars you can get 9.19 euros. For 100 US dollars you can get 91.9 euros. And the other way around: For 10 euros you can get 10.9 US dollars.


See also how prices have changed in previous years: Price changes in previous years in Montenegro


What are the different prices in the cities in Montenegro? Look here: Prices in cities in Montenegro

Prices: Podgorica   Budva   Herceg Novi   Nikšić   Tivat   Bar   Cetinje   Pljevlja   Bijelo Polje   Kolasin  

Prices and availability of products in shops and supermarkets in Montenegro: Podgorica  


Pizza prices in Montenegro: Podgorica  


Price fees $122 ($87 - $185)

fees

$122 ($87 - $185)
by half less than in United States

Price internet $28 ($22 - $35)

internet

$28 ($22 - $35)
61% is less expensive than in United States

Price jeans $72 ($22 - $98)

jeans

$72 ($22 - $98)
37% more than in United States

Price average earnings $835

average earnings

$835
82% is less expensive than in United States

Price renting a small apartment in the center $653 ($489 - $924)

renting a small apartment in the center

$653 ($489 - $924)
63% is less expensive than in United States

Price renting a large apartment outside the center $883 ($544 - $1.41K)

renting a large apartment outside the center

$883 ($544 - $1.41K)
64% is less expensive than in United States

The cost of living in Montenegro:

  1. One-way Ticket (Local Transport) $1.1 (€1)
  2. Monthly Pass (Regular Price) $33 (€30)
  3. Gasoline (1 liter) $1.6 (€1.5)
  4. Volkswagen Golf 1.4 90 KW (or equivalent new car) $27.2K (€25K)
  5. Apartment (1 bedroom) in city centre $653 (€601)
  6. Apartment (1 bedroom) outside of centre $496 (€456)
  7. Apartment (3 bedrooms) in city centre $1.21K (€1.12K)
  8. Apartment (3 bedrooms) outside of centre $883 (€812)
  9. Utilities (electricity, heating, water, garbage) for an 85m2 apartment $122 (€112)
  10. Internet (60 Mbps or more, unlimited data, cable/ADSL) $28 (€26)
  11. numb_34 $18.9 (€17.4)
  12. 1 pair of jeans (Levis 501 or similar) $72 (€66)
  13. 1 Summer Dress in a Chain Store (Zara, H&M,...) $33 (€30)
  14. 1 pair of Nike running shoes or similar $96 (€88)
  15. 1 pair of men's leather shoes $117 (€107)
  16. Toyota Corolla 1.6l, 97kW Comfort (or equivalent new car) $30.9K (€28.4K)
  17. Preschool (or Kindergarten), Private, Monthly for 1 Child $262 (€241)
  18. Price per square meter for an apartment in the city center $2.3K (€2.11K)
  19. International Primary School, Annually for 1 Child $6.98K (€6.42K)
  20. Price per square meter for an apartment outside of city centre $1.79K (€1.64K)
  21. Average Monthly Net Salary (After Tax) $835 (€767)
  22. Mortgage annual interest rate in percentages (%) 6%
  23. Taxi starting fare (normal tariff) $1.1 (€1)
  24. Taxi 1km (Normal Tariff) $1 (€0.95)
  25. Taxi 1 hour waiting (normal tariff) $10.9 (€10)
source: hikersbay.com & numbeo.com

Price changes in previous years in Montenegro

Price changes in One Square Meter Of An Apartment In The Center over the years: 2015: $1.66K(€1.53K), 2016: $1.96K(€1.8K), 2017: $1.74K(€1.6K), and 2018: $1.53K(€1.41K)

Montenegro price changes: Price per square meter for an apartment in the city center 2015-2018
Montenegro price changes Price per square meter for an apartment in the city center hikersbay.com

Have earnings increased in Montenegro?
See the average salary in previous years in 2015: $471(€433), 2016: $493(€453), 2017: $512(€471), and 2018: $498(€458)

Montenegro price changes: Average Monthly Net Salary (After Tax) 2015-2018
Montenegro price changes Average Monthly Net Salary (After Tax) hikersbay.com

Price changes in Fees over the years: 2015: $111(€102), 2016: $124(€114), 2017: $125(€115), and 2018: $98(€90)

Montenegro price changes: Utilities (electricity, heating, water, garbage) for an 85m2 apartment 2015-2018
Montenegro price changes Utilities (electricity, heating, water, garbage) for an 85m2 apartment hikersbay.com

Price changes in Internet over the years: 2015: $26(€24), 2016: $23(€21), 2017: $27(€25), and 2018: $29(€27)

Montenegro price changes: Internet (60 Mbps or more, unlimited data, cable/ADSL) 2015-2018
Montenegro price changes Internet (60 Mbps or more, unlimited data, cable/ADSL) hikersbay.com

Have prices changed in clothing stores in Montenegro in recent years?
For example, this is how the prices of jeans have changed in 2015: $51(€47), 2016: $58(€53), 2017: $63(€58), and 2018: $69(€63)

Montenegro price changes: 1 pair of jeans (Levis 501 or similar) 2015-2018
Montenegro price changes 1 pair of jeans (Levis 501 or similar) hikersbay.com

Do you want to learn more about different prices? See the following comparison:

renting a small apartment in the center

$653 ($489 - $924)
63% is less expensive than in United States

fees

$122 ($87 - $185)
by half less than in United States

coffee

$2.1 ($1.4 - $3.3)
by half less than in United States

bread

$0.91 ($0.65 - $1.6)
75% is less expensive than in United States

bananas

$1.8 ($1.2 - $2.2)
6% more than in United States

renting a large apartment outside the center

$883 ($544 - $1.41K)
64% is less expensive than in United States