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Cost of living in Montenegro – prices, rental and utilities

If you are considering spending some time in Montenegro or are looking to start a life here, no matter if it is for work or pleasure, the question that needs to be answered is what does it take to live here? 

Cost of living in Montenegro can be estimated by various factors –  so, let’s dive into all the things you should consider before moving here. 

Porto Montenegro will present prices in markets, rental fees, utilities, and other important factors so you can compare and calculate your expenses when living in Montenegro. 

Living in Montenegro – the difference between the continental part and seaside  

When considering the cost of living in Montenegro, our first step is to understand the differences between living in the mainland part of the country and living by the coast. Renting at the seaside is the best way to experience summer in Montenegro and to embrace all touristic benefits when starting a business in our country. 

Giving you more space to grow, develop your business and earn more money, working and living at the coast in the summer season requires more expenses. The summer season usually starts at the end of May and finishes in September. The most popular cities for living and working by the seaside are Budva, Tivat, Kotor, and Herceg Novi. 

Montenegrin flag facing the bay

Mainland part of the country – mountain tourism

The abundance of nature can also be seen in the mainland part of our country, especially in the mountains. So in the winter season, expenses can rise in the most popular areas, such as Durmitor, Zabljak, Cetinje and Lovcen. 

Living in the capital of Montenegro

Cost of living in Montenegro can be separately estimated when it comes to Podgorica, the country’s capital. Prices and rental here don’t depend on the season or tourism, but on location and its benefits. 

The city center is a place to be if you are trying to develop a business. There you can find various modern buildings created for offices and workplaces, so the price of living in such an area is higher than living in a suburb. 

The average prices in Montenegro 

In order to get an overall insight into how much life costs in Montenegro, let’s check the average prices for various expenses in Montenegro.  Firstly, we should consider markets, stores, transportation and after we’ll discuss monthly utilities and rental fees. 

Food prices in Montenegro –  markets and stores 

When it comes to living costs in Montenegro, buying supplies in markets and stores is the most affordable option and it gives a great choice for those who like to try new things. 

A loaf of white bread ranges between 0.45 and 0.90 euros. Regular milk (1 litre) ranges between 0.60 and 1.00 euro. Then, eggs (12) and rice (1 kg) range between 1.00 and 2.00 euro. Chicken meat (kg.) circa 5 euros and beef meat are around 6 euros. Cigarette packs range between 3.00 and 5.00 euro.

Fruit and vegetable average prices 

  • Banana (kg.) – 1.00 euro
  • Apples (kg.) – 0.95 euro
  • Oranges (kg.) – 1.00 euro
  • Tomato (kg.) – 1.10 euro
  • Lettuce (1 head) – 0.80 euro 
  • Onion (kg.) – 0.75 euro
  • Potato (kg.) – 0.50 euro 

Food prices also depend on whether you buy groceries in markets, retail or big chain stores.

Apples on the farmer's market

Drinks and alcohol prices in Montenegro

In grocery stores a bottle of water costs circa 0.60 euros, a bottle of wine (mid-range) costs around 4.00 euros, domestic beer is around 0.90 euros and imported beer costs circa 1.20 euros.

Transportation prices in Montenegro

For local transport (such as local buses) a one-way ticket costs around 1 euro and a monthly pass is circa 30 euros. When it comes to taxi prices in Montenegro, the cost varies depending on kilometres travelled. There are also taxi companies that can pick you up at the airport and take you to the city you are staying in.  

Usually, taxis start at a normal tariff of around 1 euro (it can be more or less depending on the time you spend, and distance travelled, sometimes even from city to city).  If you need to take a car that can wait for you while shopping or dealing with important business, the cost of a taxi waiting is approximately 6 euros. 

Gasoline price 

For those who rather choose private transport, the most important information is the gasoline price. It is around 1,30 euros per litre. 

Utilities when living in Montenegro 

Basic utilities are electricity, water, heating, cooling, and garbage removal. These are expected to be circa 100 euros per month if living in an apartment. For the house expenses are much more. 

As in many other countries, utilities depend on the size of the apartment or house, city and location. 

When it comes to Porto Montenegro apartments one of the pros of living here is not thinking about all the utilities separately, because you’ll have a monthly fee that calculates everything for you. 

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Montenegro apartments for rent 

If you consider renting an apartment in Montenegro, the location you choose is more important than the price. As we said before, when it comes to Montenegrin apartments for rent looking at property on the coast is best if you want to combine work and pleasure. 

By choosing an apartment in Boka, you have a unique chance to discover Boka Place and to make connections with other business enthusiasts. Porto Montenegro real estate gives you a chance to adjust your rental to suit your own needs. 

Pick a beautiful place in a great neighbourhood where everything is close to you, whether you want access to fantastic shopping or the option to dine in a beautiful restaurant.  Luxury apartments by the sea really make difference. 

Rent a house in Montenegro – make some space for yourself

Cost of living in Montenegro cannot be estimated without mentioning house rentals because a lot of people want to rent their piece of land in our beautiful country. Houses are most popular in the mountain area and the price depends on the location and size of the property. 

For example, a 1-bedroom apartment in a city center costs 300 euro per month and a 3-bedroom apartment in a city center costs circa 500 euro p/m. Knowing this information you can approximately calculate a rental price for a house in suburbs which is a similar size as a 3-bedroom apartment in the center. 

The cost of living in Montenegro is very affordable with a lot of people discovering that spending time in such a beautiful country, rich with delightful landscapes, cheerful seaside and unique mountains is really priceless.