Housing Costs in Montenegro

Renting: The cost of renting a property in Montenegro varies significantly depending on the location and the type of property. In popular coastal cities like Budva or Kotor, a one-bedroom apartment in the city center may cost around €350 to €500 per month, while the same apartment outside of the center could be around €250 to €400. In contrast, in the capital city of Podgorica, prices can be slightly lower, with a one-bedroom apartment costing between €200 and €350 in the city center.

Buying: The real estate market in Montenegro is attractive to foreign investors and retirees. On average, the price per square meter to buy an apartment in the city center is approximately €1,200 to €2,500, while outside the city center the prices can range from €800 to €1,800. Coastal areas tend to have higher property prices due to their popularity with tourists and expatriates.

Transportation Expenses

Public Transport: Public transportation in Montenegro is relatively inexpensive. A one-way ticket on local transport typically costs around €1.20, while a monthly pass can be around €30. This makes commuting affordable for residents.

Private Vehicles: If you prefer driving, the cost of gasoline is approximately €1.30 per liter. However, owning a car also involves additional costs such as maintenance, insurance, and annual registration fees, which can add up.

Food and Grocery Costs

Montenegro offers a range of grocery shopping options from local markets to international supermarkets. The cost of food is reasonable and varies depending on where you shop:

Local Markets: Local markets are popular for buying fresh produce, meats, and cheeses at lower prices than supermarkets. For example, a kilogram of apples might cost around €0.80, and a loaf of fresh bread about €0.50.

Supermarkets: Supermarkets provide convenience but tend to be slightly more expensive. A weekly grocery bill for a single person’s basic food needs could range from €20 to €50, depending on dietary habits and preferences.

Healthcare Expenses

Public Healthcare: Montenegro has a public healthcare system that provides services at a low cost to residents who contribute to the health insurance scheme. However, the quality of public healthcare facilities may not meet the standards expatriates are accustomed to.

Private Healthcare: Many expatriates and wealthier locals prefer private healthcare, where the quality of service is higher. Private healthcare costs can vary widely, but a consultation with a specialist typically costs around €40 to €70.

Utility Costs

Utility costs in Montenegro are reasonable and on par with other Balkan countries. For an 85m² apartment, monthly utilities including electricity, heating, cooling, water, and garbage typically range from €90 to €150, depending on usage and the time of year.

Entertainment and Dining Out

Dining Out: Eating out in Montenegro can be quite affordable. A meal at an inexpensive restaurant may cost around €5 to €10, while a three-course meal at a mid-range restaurant might cost between €15 and €30 per person.

Entertainment: Montenegro offers a variety of entertainment options from cinemas and theaters to outdoor activities. A cinema ticket costs about €4 to €5, making it a popular leisure activity.

Education Expenses

Public Schools: Public education is available at no cost to residents of Montenegro. However, the language of instruction is Montenegrin, which might be a barrier for expatriate children.

International Schools: There are several international schools, particularly in Podgorica, offering instruction in English and other languages. Annual tuition fees for these schools can range from €3,000 to €10,000, depending on the institution.

Conclusion

Living in Montenegro offers a blend of affordability and quality of life, making it an attractive option for many. From the stunning coastal towns to the rugged mountainous interiors, Montenegro provides a cost-effective yet enriching living experience. Whether you are considering relocation for retirement, work, or simply a change of scenery, Montenegro’s cost of living allows for a comfortable lifestyle without the hefty price tag often found in other European countries.