Montenegro offers a significantly lower cost of living compared to Western Europe, while maintaining a good quality of life. This guide provides a detailed breakdown of what to expect.
Whether you're planning to retire, work remotely, or start a new life in Montenegro, understanding the costs will help you budget effectively.
Quick summary
- 1Montenegro is 40-50% cheaper than Western Europe overall
- 2A single person can live comfortably on €1,200-1,500/month
- 3Rent ranges from €300/month (inland) to €1,200/month (Budva summer)
- 4Utilities cost €135-280/month including electricity, water, and internet
- 5Dining out costs 40-50% less than Western Europe
Rent Costs
Rent varies significantly by location and season. Here's what to expect:
Podgorica (centre): €400-600 for 1-bed, €550-800 for 2-bed Budva (centre): €500-800 for 1-bed, €700-1,200 for 2-bed Kotor (centre): €450-700 for 1-bed, €600-1,000 for 2-bed Bar: €300-450 for 1-bed, €400-600 for 2-bed
Note: Coastal prices are significantly higher in summer (June-September).
Utilities
Monthly utility costs are generally affordable:
- Electricity: €50-100
- Water: €15-30
- Gas (heating): €30-80
- Internet: €25-40
- Mobile phone: €15-30
Total utilities: €135-280/month
Food & Groceries
Food costs in Montenegro are reasonable:
- Monthly groceries (1 person): €200-350
- Meal at inexpensive restaurant: €7-12
- Meal at mid-range restaurant: €15-30
- Coffee: €1-2
- Beer (local): €2-3
- Wine (bottle): €5-15
Total Monthly Budget
Here's what to budget monthly:
Single Person: - Budget: €800-1,000 - Comfortable: €1,200-1,500 - Premium: €2,000+
Couple: - Budget: €1,200-1,500 - Comfortable: €1,800-2,200 - Premium: €3,000+
Frequently Asked Questions
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