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

Discover the charming city of Herceg Novi situated in Montenegro, Southern Europe. With its geographical coordinates of 42.45725 latitude and 18.53148 longitude, visitors can expect a picturesque view of the city set at an elevation of 87 meters above sea level. Experience the town's Mediterranean climate and explore its beautiful beaches, parks, and gardens.

Herceg Novi may be a small city with a population of 19536 people, but it offers a cost of living that fits most budgets. Accommodations, dining, and transportation are relatively inexpensive compared to other European cities, making it an ideal destination for those who want to explore the beauty of Europe without breaking the bank.

Experience the authentic Montenegrin culture and immerse yourself in the town's history. Herceg Novi has a rich tapestry of culture, from its centuries-old architecture to its traditional delicacies and festivals. Whether you're a solo traveler or with your family, Herceg Novi has something to offer for everyone.

Cost of Living Estimate in Herceg Novi

Total cost of living in Herceg Novi for two person with average consumption for one month will be 860.84 USD, no rent price included. Click here to calculate cost-of-living estimate in Herceg Novi

You can calculate cost of living in Herceg Novi 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

If you're a foodie traveling to Montenegro, you won't be disappointed with the dining options in Herceg Novi! With its stunning coastline and proximity to the sea, it's no surprise that seafood reigns supreme here. You can expect to find freshly caught fish and seafood on most menus, prepared simply yet skillfully, often grilled and served with local olive oil, lemon, and herbs. But if seafood isn't your thing, don't worry - there are plenty of other options. Many restaurants offer traditional Montenegrin dishes like roasted lamb, goat cheese, and hearty stews, as well as international cuisine like Italian pizza, Greek moussaka, and Balkan cevapi. Vegetarians and vegans will also find plenty of delicious options, from fresh salads to roasted vegetable platters. With so much variety, you're sure to find a restaurant that suits your tastes!

But dining in Herceg Novi isn't just about the food - it's also about the ambience. Many restaurants boast beautiful ocean views and offer outdoor seating, allowing you to soak up the sun and sea breeze while you enjoy your meal. Some are tucked away in the narrow alleyways of Old Town, offering a cozy and intimate atmosphere. Others are located along the bustling promenade, perfect for people-watching and soaking up the lively atmosphere. No matter where you choose to eat, you'll be surrounded by the charming architecture and warm hospitality that Montenegro is known for. So whether you're looking for a romantic dinner for two or a family-friendly meal with a view, Herceg Novi has something for everyone!

Meal in Inexpensive Restaurant
6.07 $
Meal for 2 People, Mid-range Restaurant, Three-course
30.33 $
McMeal at McDonalds or Alternative Combo Meal
6.07 $
Domestic Beer, 0.5 liter Draught
2.43 $
Imported Beer, 0.33 liter Bottle
2.30 $
Cappuccino
1.84 $
Coca-Cola, 0.33 liter Bottle
2.06 $

Markets prices

Market prices in Herceg Novi, Montenegro are generally moderate and vary depending on the product or service. The city is popular among tourists, and prices tend to be slightly higher in areas that cater to tourists, such as hotels, restaurants, and souvenir shops. However, local markets and grocery stores offer more affordable prices for fresh produce and daily necessities.

The cost of living in Herceg Novi is relatively low compared to other popular European destinations. Transportation, including bus rides and taxis, is affordable, and local dining options provide a range of prices to fit any budget. Housing prices vary depending on location and size, with more affordable options available outside the city center. Overall, the market prices in Herceg Novi provide visitors and locals with a reasonable and accessible lifestyle.

Water, 0.33 liter Bottle
1.06 $
Milk, Regular,1 liter
0.86 $
Loaf of Fresh White Bread, 0.5 kg
0.87 $
White Rice, 1 kg
1.33 $
Eggs, 12 pack
1.75 $
Local Cheese, 1 kg
9.40 $
Chicken Breasts, Boneless and Skinless, 1 kg
5.46 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
9.10 $
Apples, 1 kg
1.37 $
Banana, 1 kg
1.37 $
Oranges, 1 kg
1.66 $
Tomato, 1 kg
1.46 $
Potato, 1 kg
0.73 $
Onion, 1 kg
0.69 $
Lettuce, 1 head
0.61 $
Water, 1.5 liter Bottle
0.76 $
Bottle of Wine, Mid-Range Price
4.55 $
Domestic Beer, 0.5 liter Bottle
1.07 $
Imported Beer, 0.33 liter Bottle
1.21 $
Pack of Cigarettes
3.82 $

Transportation prices

If you're looking for a unique way to experience Herceg Novi, Montenegro's coastal charm, consider exploring the area by boat. There are plenty of options available, from private tours to group trips, that offer stunning views of the coastline, crystal clear waters, and hidden coves. Some boats even come with onboard restaurants, allowing you to dine while taking in the sights. Whether you're interested in a day trip or a longer excursion, exploring this picturesque area by boat offers a relaxing and scenic alternative to traditional transportation options.

If you prefer to stay on land, Herceg Novi has a number of other transportation options available. One popular choice is to rent a scooter, which allows you to explore the local area at your own pace. Alternatively, you can hop on a bus or taxi to navigate the city and surrounding areas. For those interested in getting some exercise, rent a bike and cruise along the seaside path, offering stunning views of the Bay of Kotor. Whether you're looking for a leisurely ride or a more active adventure, the transportation options available in Herceg Novi will help you make the most of your visit.

One-way Ticket, Local Transport
0.85 $
Monthly Pass, Regular Price
36.39 $
Taxi Start, Normal Tariff
1.58 $
Taxi, price for 1 km, Normal Tariff
0.85 $
Taxi, price for 1 hour Waiting, Normal Tariff
9.70 $
Gasoline, 1 liter
1.60 $

Utilities Per Month prices

Utilities cost in Herceg Novi, Montenegro are generally lower than in other European countries. However, energy and water prices can vary depending on the season and the type of accommodation. Heating expenses are usually higher during the winter months, while air conditioning costs can increase in the summer. It is also important to note that some rentals may include utilities in the monthly fee, while others require separate bills to be paid. Overall, visitors to Herceg Novi can expect relatively affordable utilities costs, especially when compared to major tourist destinations.

If you plan to stay in Herceg Novi for an extended period, it is important to keep in mind that the cost of utilities can add up. To reduce expenses, it is wise to conserve energy and water by turning off lights and appliances when not in use and taking shorter showers. Many apartments in the city are also equipped with energy-efficient systems, such as LED lighting and insulated windows, which can help to decrease the overall utility bill. By being mindful of your usage and living in a smartly designed property, you can enjoy a comfortable stay in Herceg Novi without breaking the bank.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
83.72 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.25 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
27.90 $

Sports And Leisure prices

If you're looking to get active during your vacation in Herceg Novi, Montenegro, you won't be disappointed. The town offers a variety of outdoor sports including hiking, biking, and kayaking. Take a hike up to the top of Mount Orjen for some breathtaking views, or explore the Bay of Kotor by kayak. For a more relaxing afternoon, head over to one of the many beaches in Herceg Novi where you can sunbathe, play beach volleyball, or take a refreshing swim in the Adriatic Sea.

If you prefer something more low-key, there are plenty of leisure activities to enjoy in Herceg Novi. The town has a beautiful marina where you can stroll around and admire all the boats, or rent your own for a day out on the water. Stop by the historical Old Town and wander through its narrow streets lined with cafes, shops, and ancient architecture. And don't forget to indulge in some Montenegrin cuisine while you're here – there are countless restaurants and cafes to choose from, each offering their own unique flavors and styles.

Fitness Club, Monthly Fee for 1 Adult
30.33 $
Tennis Court Rent, 1 Hour on Weekend
12.94 $

Salaries And Financing prices

Are you curious about the average salaries and financing in Herceg Novi, Montenegro? The cost of living in Herceg Novi is relatively affordable compared to other European cities, creating a desirable location for travelers on a budget. The city's average salaries may be lower than some European countries; however, locals still enjoy a decent quality of life. If you're planning on staying in Herceg Novi for an extended period, you can rest assured that your money will go further here compared to other popular destinations in the region.

Financing in Herceg Novi can be a breeze, with banks and ATMs readily available throughout the city. Credit cards are widely accepted, making it convenient for travelers to pay for goods and services. Keep in mind that while Montenegro has officially used the euro currency since 2002, many places will still accept local currency as well. If you need to exchange your money, you'll find exchange offices in most tourist areas. Don't forget to plan your budget accordingly, as there are plenty of exciting activities and restaurants in Herceg Novi to explore!

Cinema ticket, 1 Seat
5.46 $
Average Monthly Net Salary, After Tax
509.48 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
4 %

Childcare prices

Childcare prices in Herceg Novi, Montenegro can vary greatly depending on the type of facility you choose. Schools and kindergartens tend to be more expensive than private daycares or in-home care. However, many parents find that the quality of care and education provided at these facilities is worth the extra cost.

When considering a school or kindergarten, it's important to look at factors beyond just price. Consider the curriculum, teacher qualifications, and social and emotional development opportunities for your child. In Herceg Novi, many schools and kindergartens offer a range of programs to meet the needs of different families, including full-time and part-time care options and extracurricular activities.

Private Preschool or Kindergarten, Monthly for 1 Child
145.56 $
International Primary School, Yearly for 1 Child
12,130.40 $

Clothing And Shoes prices

Herceg Novi, Montenegro offers a range of clothing and shoe options for shoppers looking to update their wardrobe. With many boutique stores and local markets, visitors can find unique and one-of-a-kind pieces. The clothing and shoe prices in Herceg Novi vary depending on the store and type of item you are purchasing, with some shops offering high-end brands and others selling more affordable options. Regardless of your budget, there is something for everyone in this charming coastal town.

If you're looking for designer brands, head over to one of the high-end boutiques, while those looking for a bargain should check out the local markets. At these markets, you can find everything from vintage clothing to trendy shoes at competitive prices. Besides the traditional stores and markets, Herceg Novi also has a few shopping malls that offer a diverse range of clothing and shoe options. Whether you are searching for something specific or just want to browse, Herceg Novi has numerous options to meet your needs.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
86.94 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
38.42 $
Pair of Running Shoes, Mid-Range Price
76.82 $
Pair of Leather Business Shoes
113.21 $

Rent Per Month prices

Herceg Novi, Montenegro is a wonderful destination for anyone looking to explore the beauty and culture of the Mediterranean. Fortunately, there are many short rent and stay options available in this charming city. From cozy apartments to luxurious villas, there is something for every traveler's needs and budget. The prices of these options vary depending on factors such as location, amenities, and size. However, visitors can rest assured that there is an accommodation option that will meet their needs and make their stay in Herceg Novi an unforgettable experience.

What makes Herceg Novi a popular destination is its scenic beauty, the variety of experiences it offers, and its affordability. Visitors can choose to stay in the Old Town, which is the cultural hub of the city and offers easy access to numerous attractions such as museums, cafes, restaurants, and galleries. Alternatively, there are various other options available that are close to beaches, shopping centers, and other leisure activities that the city offers. Visitors can decide on the type of accommodation and its features that suit their needs and undertake their trip confidently. Herceg Novi offers a fascinating blend of old and new, and visitors who choose to stay here will undoubtedly fall in love with its charm and hospitality.

One bedroom apartment in city centre
315.39 $
One bedroom apartment outside of city centre
224.41 $
Three bedroom apartment in city centre
470.05 $
Three bedroom apartment outside of city centre
356.63 $

Buy Apartment prices

Herceg Novi, Montenegro is a stunning destination for those looking to purchase real estate in a developing European country. There are a variety of buying options available, from apartments to villas with sea views and sprawling estates. Prices for real estate in Herceg Novi vary depending on location, proximity to the coast, and the size and type of property being purchased. One thing is for sure – the value for money is excellent compared to other European destinations.

Whether you're looking for a holiday home or a permanent residence, Herceg Novi has something to suit any budget. Many investors are attracted to this area due to the country's favorable taxation laws and low property taxes. Over the years, this charming town has become very popular amongst foreign buyers, and as a result, the real estate market has flourished. With its warm climate, breathtaking beaches, and stunning scenery, it is no surprise that people from all over the world are choosing to invest in real estate in Herceg Novi, Montenegro.

Price per m2 to Buy Apartment in City Center
2,628.26 $
Price per m2 to Buy Apartment Outside of City Center
1,556.73 $