Cost of living and prices in Budva, prices of food, rent, shopping, etc. 🇲🇪
Updated Jul 2023

Budva is a lively coastal city in Montenegro with a population of over 19,000 people. Located in southern Europe, it boasts stunning beaches, quaint old town architecture, and plenty of shops, restaurants, and bars.

Compared to other European cities, the cost of living in Budva is relatively affordable. Accommodation, food, and transportation are all reasonably priced, making it an attractive destination for visitors and expats. Whether you're looking to enjoy a beach vacation, explore historic sites, or immerse yourself in local culture, Budva offers a rich and affordable experience.

If you're considering moving to Budva, it's essential to research the cost of living and compare your budget to the local prices. However, with its beautiful scenery, welcoming locals, and low cost of living, Budva can be an excellent choice for anyone looking to enjoy a high quality of life without breaking the bank.

Cost of Living Estimate in Budva

Total cost of living in Budva for two person with average consumption for one month will be 792.11 USD, no rent price included. Click here to calculate cost-of-living estimate in Budva

You can calculate cost of living in Budva by changing quantity using input near each good or service. Resulting total will appear in a floating box in the bottom of your screen.

Restaurants prices

Budva, Montenegro is a beautiful coastal town with a wide array of dining options for visitors to enjoy. For those seeking traditional Montenegrin cuisine, there are several restaurants that specialize in grilled meats and fresh seafood. For a more international flavor, there are Italian, Greek, and even Japanese restaurants that offer something a little different. Many of the restaurants offer outdoor seating with stunning views of the Adriatic Sea, creating a truly unforgettable dining experience.

However, for those looking for a more casual dining experience, there are plenty of cafes and fast-food options available in Budva as well. The town has a bustling nightlife scene, with many bars and clubs staying open late into the night. Visitors can grab a quick bite to eat before hitting the town, or unwind after a night out with a delicious breakfast at one of the many cafes in the morning. Whatever your taste, there is sure to be a dining option in Budva that fits your needs.

Meal in Inexpensive Restaurant
6.07 $
Meal for 2 People, Mid-range Restaurant, Three-course
30.33 $
McMeal at McDonalds or Alternative Combo Meal
5.46 $
Domestic Beer, 0.5 liter Draught
2.73 $
Imported Beer, 0.33 liter Bottle
3.34 $
Cappuccino
1.99 $
Coca-Cola, 0.33 liter Bottle
2.22 $

Markets prices

Market prices in Budva, Montenegro are generally affordable and reasonable. The markets offer a wide range of fresh produce and locally made products that are both delicious and budget-friendly. From fruits and vegetables to cheese and cured meats, you can find a variety of goods that will satisfy any palate while not breaking the bank.

While prices may vary depending on the season and location of the market, you can expect to find some great bargains. Locals and tourists alike flock to these markets to sample the local produce and socialize with one another. With such variety and quality available, it's no wonder that the markets in Budva are such a popular attraction for foodies and bargain hunters alike.

Water, 0.33 liter Bottle
1.67 $
Milk, Regular,1 liter
0.93 $
Loaf of Fresh White Bread, 0.5 kg
0.67 $
White Rice, 1 kg
1.18 $
Eggs, 12 pack
2.00 $
Local Cheese, 1 kg
5.16 $
Chicken Breasts, Boneless and Skinless, 1 kg
5.58 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
7.40 $
Apples, 1 kg
1.13 $
Banana, 1 kg
1.46 $
Oranges, 1 kg
1.36 $
Tomato, 1 kg
1.29 $
Potato, 1 kg
0.52 $
Onion, 1 kg
0.63 $
Lettuce, 1 head
0.97 $
Water, 1.5 liter Bottle
0.91 $
Bottle of Wine, Mid-Range Price
4.25 $
Domestic Beer, 0.5 liter Bottle
1.13 $
Imported Beer, 0.33 liter Bottle
1.42 $
Pack of Cigarettes
3.03 $

Transportation prices

Budva, Montenegro offers various transportation options for travelers to explore the city. First, walking is a great way to see the Old Town and its charming streets. Visitors can admire the medieval walls, small squares, and churches. As the city is not very big, walking makes it easy to explore the city center. To reach farer destinations, visitors can use a taxi. Taxis are a convenient and quick way to travel. The drivers know all the good spots in the city and can give excellent recommendations on where to eat or drink. There are also standard public buses that run regularly, but schedules can be difficult to understand, and buses might not run on time. Overall, if visitors have the opportunity to walk, it can be a great way to experience the city, but taxis are a reliable option as well to get around.

If visitors wish to explore Montenegro beyond Budva, renting a car is an excellent option. Car rental companies are available throughout the city, and they offer a wide range of car types, ranging from small vehicles to larger ones depending on the travelers' needs and preferences. Renting a car provides great flexibility and allows visitors to explore the country at their own pace. Public buses also offer opportunities to travel beyond Budva, but schedules can be complicated to navigate. Ferries are also available for transportation to other coastal towns and islands. Traveling by ferry is an excellent way to relax while enjoying the incredible scenery. With so many transportation options available, travelers can explore Budva and Montenegro with ease.

One-way Ticket, Local Transport
1.21 $
Monthly Pass, Regular Price
36.39 $
Taxi Start, Normal Tariff
0.61 $
Taxi, price for 1 km, Normal Tariff
0.61 $
Taxi, price for 1 hour Waiting, Normal Tariff
12.13 $
Gasoline, 1 liter
1.53 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
15,769.52 $

Utilities Per Month prices

When traveling to Budva, it's important to keep in mind the cost of utilities such as electricity, water, and gas. These expenses can vary depending on the type of accommodation, and whether it's a short-term rental or a long-term lease. However, overall, the cost of utilities in Budva is considered to be moderate compared to other European cities.

One thing to keep in mind is that during peak tourist season, the demand for utilities may increase, leading to higher prices. For example, air conditioning units may need to run longer during hot summer months, leading to a higher electricity bill. It's also important to note that some accommodations may include the cost of utilities in the rental price, while others may require tenants to pay separately.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
112.25 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.36 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
25.56 $

Sports And Leisure prices

If you're a sports enthusiast, Budva is the perfect destination for you. This charming city offers a range of exciting sports activities such as paragliding, kayaking, jet-skiing, and diving. Tourists traveling to Budva can enjoy outdoor pursuits, including hiking and biking. Montenegro's landscape is perfectly suited for outdoor excursions, and visitors can find many amazing trails to explore. Paragliding is a popular sports activity in Budva, and the city has numerous launch spots where enthusiasts can take off and enjoy the breathtaking view.

For those who prefer a more relaxed pace, Budva has a plethora of leisure activities. Tourists can indulge in luxurious spa treatments, take a stroll on the beaches of Jaz or Mogren, explore the charming old town, or take a boat ride around the beautiful coastline. After a busy day of exploring Budva and discovering its hidden gems, visitors can unwind and enjoy the impressive selection of local and international cuisine that Budva is renowned for. With so many activities on offer, Budva is the perfect destination for people looking for an adventure-filled vacation, or for those who just want to relax and soak up the sun.

Fitness Club, Monthly Fee for 1 Adult
38.82 $
Tennis Court Rent, 1 Hour on Weekend
10.10 $

Salaries And Financing prices

Salaries and financing in Budva, Montenegro can vary depending on the industry and job title. The average salary in Budva is lower than in many other European countries, but the cost of living is also lower in comparison. Visitors to Budva may find that the price of accommodations and dining options can be quite reasonable. However, when it comes to luxury experiences such as private tours or high-end dining, prices can quickly escalate.

Financing options in Budva may also vary depending on individual circumstances. Banks and financial institutions in Budva offer a range of options including loans, credit cards, and savings accounts. Visitors should keep in mind that international transaction fees may apply, so it's a good idea to research fees and exchange rates before making any financial transactions. Additionally, there are currency exchange offices located throughout Budva where visitors can exchange their currency for the local currency, Euro, which is accepted in many establishments.

Cinema ticket, 1 Seat
4.85 $
Average Monthly Net Salary, After Tax
617.44 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
8 %

Childcare prices

Childcare prices in Budva, Montenegro, vary depending on the type of facility and level of service provided. There are several schools and kindergartens available to parents, each with its own unique approach and curriculum. Some are more affordable and offer basic care, while others provide a more personalized and comprehensive experience for children. Parents should carefully consider their options and budget before selecting a facility for their child.

Montenegro has strict regulations for childcare providers to ensure the safety and quality of care for children. Schools and kindergartens must meet certain requirements and standards to operate legally. As a result, parents can rest assured that their child is receiving appropriate care and education at approved facilities. However, it is important for parents to do their own research and assess the reputation and credentials of a school or kindergarten before enrolling their child.

Private Preschool or Kindergarten, Monthly for 1 Child
295.68 $
International Primary School, Yearly for 1 Child
9,704.32 $

Clothing And Shoes prices

Budva, Montenegro is a city that offers a diverse range of options when it comes to clothing and shoes shopping. From high-end designer stores to local boutiques, there is something for everyone's taste and budget. Additionally, the prices of clothing and shoes can vary depending on the store and the brand name.

If you are looking for designer brands, you can visit some of the high-end stores located in the main shopping area in Budva. These stores offer a vast range of clothing and shoes that are luxurious yet pricey. On the other hand, if you're looking for cheaper options, there are plenty of local stores and markets in Budva where you can find good quality clothing and shoes at affordable prices. So, no matter what your budget might be, you can always find the perfect piece of clothing or shoes in Budva.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
46.50 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
30.33 $
Pair of Running Shoes, Mid-Range Price
84.91 $
Pair of Leather Business Shoes
88.55 $

Rent Per Month prices

If you're searching for a place to crash in Budva, you'll be glad to know that there's a wide range of short-term accommodation options to choose from. There are hotels of all shapes, sizes, and price points, as well as apartments and villas that cater to groups of different sizes, interests, and budgets. Whatever your preferences may be, you can rest assured that you'll find something that suits your taste and pocket, whether you're traveling solo, with your partner, or with your family.

If you're traveling to Budva on business or for a short leisure break, you may want to consider renting a serviced apartment or studio. These come equipped with all the comforts of home, including a kitchenette, a well-appointed bathroom, and free WiFi. What's more, serviced apartments offer more space and privacy than standard hotel rooms, and are typically more affordable. If you're here for an extended stay or you're looking to soak up the local culture, you can look into a holiday rental or an Airbnb, which can give you a chance to experience the city like a local.

One bedroom apartment in city centre
479.15 $
One bedroom apartment outside of city centre
384.13 $
Three bedroom apartment in city centre
808.70 $
Three bedroom apartment outside of city centre
646.95 $

Buy Apartment prices

Budva, Montenegro is quickly gaining recognition as a prime location for those looking to invest in real estate. This beautiful coastal town offers a variety of buying options, including apartments, villas, and townhouses. Each option provides an opportunity for investors to own a piece of paradise, and prices range depending on several factors such as location, views, and amenities.

While property prices in Budva are generally comparative to other popular European resort destinations, the value for money investment is unbeatable. The real estate market in Budva caters to a variety of investors, including those seeking a permanent residence, a vacation home, or an income-generating rental property. With a diverse range of properties to choose from, investors can find an option that fits their needs and budget while also experiencing the beauty of Montenegro’s stunning landscapes and coastlines.

Price per m2 to Buy Apartment in City Center
2,971.95 $
Price per m2 to Buy Apartment Outside of City Center
1,789.23 $