Cost of living and prices in Ulaanbaatar, prices of food, rent, shopping, etc. 🇲🇳
Updated Jul 2023
Discover the cost of living in Ulaanbaatar, Mongolia, a vibrant city in Eastern Asia.
Ulaanbaatar is located at an elevation of 1284 meters above sea level and has a population of 1.4 million people. The city operates on the Asia/Ulaanbaatar time zone, GMT: 8.0, and offers a unique cultural experience to visitors.
Whether you're looking to move to Ulaanbaatar or planning a visit, our cost of living page provides valuable information about the city's living expenses, including accommodation, food, transportation, and more. Take a closer look and discover why Ulaanbaatar is a fascinating destination.
Cost of Living Estimate in Ulaanbaatar
You can calculate cost of living in Ulaanbaatar by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.
If you're traveling to Ulaanbaatar, Mongolia, you'll find a diverse range of restaurants and eating options to suit all palates. For those looking to try local flavors, there are traditional Mongolian restaurants serving up dishes such as buuz (steamed dumplings), khorkhog (a meat stew cooked with hot stones), and suutei tsai (a salty tea served with cheese and biscuits). Additionally, there are restaurants offering more international cuisine, including Korean, Japanese, Chinese, and Western-style dishes.
In addition to restaurants, there are plenty of food markets and street vendors throughout Ulaanbaatar. The Narantuul Market is a popular spot for trying local snacks such as fried meat pies and khuushuur (meat-filled pastries), while the area around the State Department Store offers a variety of street food options. For those looking for a quick and affordable meal on the go, there are also several fast food chains and cafes offering sandwiches, burgers, and coffee.
Market prices in Ulaanbaatar, Mongolia are generally lower than in many other major cities around the world. However, prices can vary greatly depending on the type of product or service being purchased, as well as the location of the market. In general, traditional markets or street vendors tend to offer lower prices than modern shopping centers or malls.
For basic necessities such as food and clothing, consumers can find relatively affordable prices in Ulaanbaatar. However, imported goods or luxury items may be much more expensive due to import taxes and limited availability. Additionally, prices may fluctuate depending on the time of year, as certain goods may be more abundant or in higher demand during certain seasons. Overall, while market prices in Ulaanbaatar may not necessarily be the cheapest in the world, they are generally reasonable and competitive within the local economy.
Ulaanbaatar is a busy city with various transportation options. One of the most convenient and affordable ways to travel around the city is the local bus system. Buses are generally safe and clean, and they cover most parts of the city. However, be prepared for crowded buses during rush hours. Another common mode of transportation is the taxi. Taxis are easy to find and are available 24/7. Most taxis have meters, but be sure to negotiate a fare before getting in. Additionally, ride-sharing services like Uber and Bolt are also available, and they provide a safe and reliable option to get around Ulaanbaatar.
If you are looking for a more adventurous way to explore Ulaanbaatar, why not rent a scooter? Scooters are becoming increasingly popular among locals and tourists alike. They are a fun and convenient way to navigate through traffic, and they offer greater flexibility to travel off the beaten track. Another option is to rent a bike and explore the city at your own pace. Ulaanbaatar has several bike rental shops, and it's an eco-friendly and healthy way to experience the sights and sounds of the city. However, be mindful of the traffic and wear a helmet, as the roads can be bumpy and uneven.
Utilities Per Month prices
Visitors to Ulaanbaatar should be aware of the high utilities costs in the city. This is largely due to the extreme climate, with harsh winters requiring heating systems to be used for most of the year. As a result, tourists may be surprised at the high prices of accommodation and other amenities, which reflect the cost of utilities.
Despite these high prices, it's important to note that Ulaanbaatar is still an affordable destination overall. While utilities may be expensive, food, transportation, and other costs are relatively low compared to many other major cities around the world. Additionally, visitors can save money by being mindful of their energy usage, turning off lights and appliances when not in use, and opting for more eco-friendly accommodations and activities. With a bit of planning and budgeting, travelers can enjoy all that Ulaanbaatar has to offer without breaking the bank.
Sports And Leisure prices
Ulaanbaatar, the capital of Mongolia, offers a diverse range of sports and leisure activities for travelers seeking adventure and relaxation. The city is surrounded by mountains and hills, making it an excellent destination for hiking and trekking. There are several national parks within an easy drive from the city where visitors can enjoy scenic walking trails, horseback riding, and bird-watching. Additionally, ice skating, snowboarding, and skiing are popular winter sports in Ulaanbaatar, with several ski resorts located nearby.
For those seeking a more leisurely pace, Ulaanbaatar is home to several museums, galleries, and cultural centers. The National Museum of Mongolia, the Mongolian National Art Gallery, and the Natural History Museum are just a few of the places visitors can explore to learn more about the country's rich history and culture. Visitors can also immerse themselves in Mongolian traditional life by visiting a ger (yurt) camp where they can try local cuisine, watch cultural performances, and even take a horseback ride on the Mongolian steppe. Overall, Ulaanbaatar has something for everyone, from the thrill-seekers to the culture buffs.
Salaries And Financing prices
Salaries in Ulaanbaatar, Mongolia vary significantly depending on the industry and occupation. Generally, the average salary is lower compared to developed countries, but the cost of living is also considerably lower. It is important to note that there is a large disparity in income between urban and rural areas. However, as the city continues to develop, job opportunities and wages are increasing with it. Visitors should keep this in mind when traveling to Ulaanbaatar and budget accordingly.
Financing in Ulaanbaatar is generally conducted in the local currency, the Mongolian Tugrik. While there are a few international banks operating within the city, visitors may have difficulty using foreign bank cards and should come prepared with a sufficient amount of cash for their trip. When exchanging money in Ulaanbaatar, it is best to do so at reputable exchange houses or banks. Additionally, credit cards are not widely accepted outside of major hotels and restaurants, so it is important to have cash on hand while exploring the city. Overall, budgeting and accessing finances while in Ulaanbaatar should not pose significant challenges, as long as visitors plan ahead and remain aware of cultural differences.
Childcare prices in Ulaanbaatar are relatively high compared to other cities in Mongolia. The cost of sending a child to an international school can amount to a significant portion of a family's income. However, the quality of education and care provided in these schools is often considered to be worth the investment. Choicest of schools for children are available in the city and parents can choose from a range of options based on their child's needs and interests.
Kindergartens in Ulaanbaatar are also in high demand. Parents often send their children to Kindergartens for half or full-day programs, depending on their schedules. Some Kindergartens also offer additional services such as after-school care, meals, and transportation. The prices for Kindergartens vary depending on the location, facilities, and services provided. However, as a general rule, Kindergartens that offer more services tend to be more expensive. Despite the cost, most parents consider Kindergartens to be an important part of their child's early education and development.
Clothing And Shoes prices
If you're looking for clothing and shoes in Ulaanbaatar, you'll definitely be able to find a variety of options. From traditional clothing to modern fashion, there is something for everyone. Prices can vary depending on the store and the brand, but generally, you can find affordable options as well as more high-end pieces. Keep in mind that bargaining is common in Mongolia, so don't be afraid to negotiate prices.
Some popular places to shop for clothing and shoes in Ulaanbaatar include department stores like State Department Store and Naran Mall, as well as local shops and markets. If you're looking for traditional Mongolian clothing, you can find it at specialty stores like Altai Cashmere or Khuvsgul Lake Wool & Cashmere. For more modern styles, check out stores like Zara or Mango. If you prefer to buy secondhand, there are also several thrift stores and flea markets throughout the city. Whether you're looking for a specific item or just want to browse, there are plenty of options for clothing and shoes in Ulaanbaatar.
Rent Per Month prices
If you're visiting Ulaanbaatar, Mongolia, and looking for short-term stay options, there are plenty of options available. From private apartments to shared spaces, you can find a suitable accommodation type based on your preferences. These short rent options are perfect for travelers who are on a budget or looking for flexible and convenient lodging options. You can choose from various centrally located neighborhoods that offer easy access to public transportation, restaurants, and shopping centers.
Short-term rental options in Ulaanbaatar are relatively affordable, offering considerable savings compared to traditional hotel accommodations. Whether you're looking for a cozy room, luxurious apartment, or shared space, you'll be able to find a suitable option for your stay in Ulaanbaatar. Keep in mind, prices can vary depending on the location and amenities, so it's essential to do your research before booking your stay. Regardless of your budget, Ulaanbaatar's short rent options offer great value and a comfortable place to call home during your visit to Mongolia's capital city.
Buy Apartment prices
Ulaanbaatar, Mongolia's capital city, presents a range of real estate buying options. One can opt for an apartment in the city center, a detached house in the suburbs or even a plot of land ready for development. The city is going through rapid development with multiple construction projects underway, which translates into greater options for interested buyers.
The prices differ depending on the location, size, and type of the property. Due to Mongolia's current economic status, buying a property in Ulaanbaatar can be less costly compared to other cities of similar size. While the prices are relatively low, it's important to understand the bargaining culture in the country to obtain the best deal. Hiring a reliable local agent can help you navigate the market and make the process more comfortable for you.