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

Montenegro, located in Southern Europe, is a small country with an area of 14,026 square kilometers and a population of 666,730. The country is bordered by Albania, Bosnia And Herzegovina, Croatia, and Serbia. The official languages of Montenegro are Serbian, Bosnian, Albanian, and Croatian, and the currency is Euro. Montenegro's gross domestic product (GDP) is $4,518,000,000 and GDP per capita is $6776. Montenegro's top-level domain is .me. Montenegro offers a lower cost of living compared to many other European countries. The cost of rent, utilities, and food are relatively inexpensive, making it an affordable destination for tourists and expats. Montenegro's stunning coastline, picturesque mountains, and fascinating history also make it a popular vacation spot. The country is famous for its beautiful beaches, clear blue waters, and charming seaside towns. The Bay of Kotor, Budva, and Sveti Stefan are some of the most popular destinations that attract visitors from all over the world. If you're looking for an affordable European destination that is full of natural beauty and history, Montenegro is the perfect place to visit. Whether you are looking to explore the country's rich culture, relax on the beach, or enjoy the outdoors, Montenegro has something for everyone.

Cost of Living Estimate in Montenegro

Total cost of living in Montenegro for two person with average consumption for one month will be 787.85 USD, no rent price included. Click here to calculate cost-of-living estimate in Montenegro

You can calculate cost of living in Montenegro 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

Montenegro is a small country, but it offers a variety of culinary options that are unique and delicious. The local cuisine is focused on seafood, grilled meat, and fresh fruits and vegetables. There are plenty of small local restaurants that serve traditional dishes at affordable prices. In addition, there are international restaurants that offer Italian, French, and Mediterranean cuisine. For those who want to try something new, there are also fusion restaurants that blend local ingredients with international flavors. Overall, Montenegro offers a diverse range of culinary experiences that will satisfy any traveler's taste buds.

If you're looking for a unique dining experience, Montenegro has a couple of options to offer. One such option is the 'konoba.' A konoba is a traditional restaurant that is built in a cave or cellar and serves local cuisine. They are known for their cozy and intimate atmosphere and offer a unique setting for a romantic dinner or a night out with friends. Another option is the fisherman's night experience, which offers a chance to dine with local fishermen and enjoy freshly caught seafood. This experience not only provides a delicious meal but also a glimpse into the local culture and lifestyle. Whether you're looking for a romantic dinner, a fun night out, or a cultural experience, Montenegro has the dining options to satisfy your cravings.

Meal in Inexpensive Restaurant
7.11 $
Meal for 2 People, Mid-range Restaurant, Three-course
29.61 $
McMeal at McDonalds or Alternative Combo Meal
4.74 $
Domestic Beer, 0.5 liter Draught
1.84 $
Imported Beer, 0.33 liter Bottle
2.36 $
1.59 $
Coca-Cola, 0.33 liter Bottle
1.81 $

Markets prices

Market prices in Montenegro tend to be lower than those found in more developed European countries. This makes it an attractive destination for tourists seeking affordable vacations, as well as for individuals or businesses looking for investment opportunities. Additionally, prices can vary significantly depending on the region in which you are located, allowing for a diversity of options even within this small country.

As Montenegro continues to develop, it is likely that prices will gradually increase over time. However, for the time being, visitors and residents alike can enjoy the relative affordability of goods and services within the country. Whether you're purchasing food, clothing, or real estate, you can expect to find competitive prices that are sure to meet your needs and fit within your budget.

Water, 0.33 liter Bottle
0.99 $
Milk, Regular,1 liter
0.88 $
Loaf of Fresh White Bread, 0.5 kg
0.65 $
White Rice, 1 kg
1.39 $
Eggs, 12 pack
1.59 $
Local Cheese, 1 kg
5.99 $
Chicken Breasts, Boneless and Skinless, 1 kg
5.92 $
Beef Round or Equivalent Back Leg Red Meat, 1 kg
8.51 $
Apples, 1 kg
0.99 $
Banana, 1 kg
1.32 $
Oranges, 1 kg
1.09 $
Tomato, 1 kg
1.33 $
Potato, 1 kg
0.58 $
Onion, 1 kg
0.69 $
Lettuce, 1 head
0.85 $
Water, 1.5 liter Bottle
0.62 $
Bottle of Wine, Mid-Range Price
4.74 $
Domestic Beer, 0.5 liter Bottle
1.02 $
Imported Beer, 0.33 liter Bottle
1.36 $
Pack of Cigarettes
2.96 $

Transportation prices

If you're looking for an adventure-packed way to explore Montenegro, renting a bicycle is a great option to consider. Montenegro has plenty of bike trails that offer incredible views of the country's natural beauty. From the scenic coastal drives to picturesque mountainous routes, cycling lets you experience the diverse terrain of Montenegro at your own pace. You can rent a bike at various locations throughout the country and explore the most fascinating spots at your convenience. Plus, cycling is environmentally friendly and an excellent way to get exercise on your trip!

For a more laid-back option to explore the country, consider taking a bus tour. Bus tours are an excellent way to see the highlights of Montenegro while learning about its history and culture from a knowledgeable guide. With various routes available, these tours cover popular destinations such as Kotor, Budva, and Cetinje. You can sit back and relax while the bus takes you on an adventure around the country. It's an ideal option for those who want to make the most of their time in Montenegro without the hassle of planning, and it's perfect for families and groups.

One-way Ticket, Local Transport
0.95 $
Monthly Pass, Regular Price
29.61 $
Taxi Start, Normal Tariff
1.19 $
Taxi, price for 1 km, Normal Tariff
0.59 $
Taxi, price for 1 hour Waiting, Normal Tariff
8.29 $
Gasoline, 1 liter
1.39 $
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)
17,768.31 $
Honda Civic 1.6 Or Alternative New Car
22,901.36 $

Utilities Per Month prices

When traveling to Montenegro, it's important to consider the cost of utilities during your stay. The country has a relatively low cost of living compared to many other European destinations, including lower utility costs. While electricity and water bills may be higher during peak tourist season, they generally remain affordable year-round. This makes Montenegro an excellent destination for travelers on a budget who want to enjoy beautiful beaches, stunning mountains, and rich history without breaking the bank.

It's also worth noting that Montenegro has a favorable climate throughout most of the year, with mild winters and warm summers. This means that you won't need to spend a lot of money on heating or air conditioning while you're there. Additionally, many hotels and rental properties include utilities in their overall price, so you don't have to worry about unexpected costs during your stay. Overall, utilities cost in Montenegro should not be a major concern for visitors, allowing them to focus on enjoying all that this beautiful country has to offer.

Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage
132.52 $
Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans
0.14 $
Internet, 60 Mbps or More, Unlimited Data, Cable/ADSL
27.47 $

Sports And Leisure prices

If you're looking for a destination that offers a mix of sports and leisure activities, Montenegro is definitely worth considering. This charming coastal country boasts a range of outdoor pursuits that cater to all skill levels. For the adventurous, hiking and mountain biking opportunities abound, with trails that offer breathtaking views of the sea and surrounding scenery. Watersports enthusiasts can take to the waves with activities like kayaking, canoeing, and paddleboarding, while those who prefer a more relaxed pace can simply soak up the sun on the picturesque beaches.

For foodies, Montenegro also has plenty to offer. Cuisine is traditionally Mediterranean, offering plenty of fresh seafood and locally-sourced produce. From charming seaside restaurants to atmospheric cafes in the old town, there is no shortage of delicious dining options. Whether you're after an active getaway or a more laid-back trip, Montenegro has something for everyone to enjoy.

Fitness Club, Monthly Fee for 1 Adult
35.44 $
Tennis Court Rent, 1 Hour on Weekend
11.68 $

Salaries And Financing prices

If you're thinking about traveling to Montenegro, you might be interested in knowing a bit about the country's salaries. The average salary in Montenegro is lower than in many other European countries, but the cost of living is relatively low as well. In fact, many expats and digital nomads have found that they can live quite comfortably in Montenegro on a lower income than they would need in other parts of Europe. This makes Montenegro an appealing destination for those who want to experience all that Europe has to offer without breaking the bank.

Another thing to consider when traveling to Montenegro is financing. The country's banking system is modern and efficient, and it's easy to open a bank account as a foreigner. Credit cards are widely accepted, and you can find ATMs in most towns and cities. However, it's important to keep in mind that not all merchants accept credit cards, especially in smaller towns and villages. Cash is still king in many places, so it's a good idea to carry some euros or the local currency with you at all times, just in case.

Cinema ticket, 1 Seat
4.74 $
Average Monthly Net Salary, After Tax
544.59 $
Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate
16.71 %

Childcare prices

Childcare prices in Montenegro can vary depending on a few different factors. One of the key considerations is whether you are considering a school or a Kindergarten for your child. Montenegro has a range of options when it comes to both, and the prices can vary quite significantly between them. Schools tend to be more expensive, but they can offer a higher level of education and a more structured environment for your child. Kindergartens can be a more affordable option and are often geared towards younger children, providing a safe and engaging space for them to learn and play.

When looking for childcare in Montenegro, it is important to do your research and find a facility that meets your family's needs and budget. Some schools and Kindergartens have certain requirements, such as age or language proficiency, so be sure to check these before enrolling your child. Additionally, there may be differences in the quality of care offered, so it's important to visit prospective facilities in person and speak to other parents for recommendations. Ultimately, the cost of childcare in Montenegro can vary greatly depending on the facility, but with a little research and planning, you can find an option that suits your family's needs and budget.

Private Preschool or Kindergarten, Monthly for 1 Child
175.32 $
International Primary School, Yearly for 1 Child
10,266.13 $

Clothing And Shoes prices

When it comes to clothing and shoes in Montenegro, prices can vary greatly depending on where you choose to shop. If you're looking for high-end designer brands and luxury items, then you'll likely find the most expensive options at boutiques and upscale department stores. However, there are also plenty of affordable options available at larger chain stores, markets, and street vendors.

In terms of places to buy clothing and shoes in Montenegro, you'll find a range of options available throughout the country. Some of the most popular locations include larger cities like Podgorica and Bar, as well as popular tourist destinations like Budva and Kotor. Additionally, there are often markets and street vendors set up in various locations where you can find unique and handmade items at lower prices.

Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.
63.29 $
Summer Dress in a Chain Store Like George, H&M, Zara, etc.
42.44 $
Pair of Running Shoes, Mid-Range Price
80.82 $
Pair of Leather Business Shoes
87.14 $

Rent Per Month prices

If you're looking for a cost-effective way to take a break in Montenegro, short-term rental options might be a good idea. These rentals are available across the country and are ideal for visitors who want privacy, flexibility, and comfort. From small apartments to spacious houses, there are plenty of properties designed to meet different needs. Most short-term rentals are located in popular areas and offer easy access to the beaches, parks, restaurants, and markets. Whether you're traveling solo, with friends or family, short-term rentals could be your best bet.

Montenegro features an array of different stay options for tourists looking to book their trip. A range of accommodation options can be found, from luxury hotels to cozy hostels. There are hotels and resorts overlooking the seaside cliffs or hidden away in charming villages. Prices for these properties can vary by location, size, and quality. Generally speaking, hotels and resorts tend to be more expensive, with prices being higher during the peak summer months. If you're on a budget, however, there are still plenty of affordable options available, including guesthouses, lodges, and hostels.

One bedroom apartment in city centre
331.89 $
One bedroom apartment outside of city centre
233.49 $
Three bedroom apartment in city centre
523.18 $
Three bedroom apartment outside of city centre
415.73 $

Buy Apartment prices

If you're considering purchasing real estate in Montenegro, you'll find a range of buying options. The country offers everything from luxurious villas, apartments, and houses to commercial properties. As a popular tourist destination, Montenegro is home to many vacation rentals, but there are also plenty of opportunities for long-term rentals or outright ownership.

Montenegro's real estate prices can vary depending on location, size, and type of property. However, you'll find that overall, the cost of real estate is quite reasonable. In comparison to other European countries, you can get more bang for your buck in Montenegro. The country's seaside properties, especially, provide an excellent opportunity for those looking to invest in a vacation home or rental property. And if you're looking for a bargain, you might consider looking inland, where you can find more affordable options.

Price per m2 to Buy Apartment in City Center
1,963.62 $
Price per m2 to Buy Apartment Outside of City Center
1,268.84 $