MigrantoCost of living in Mongolia
What a month costs, how prices compare with other countries, and where the money goes
Monthly cost in Mongolia
Spending runs from MNT 479,000 a month in the poorest fifth to MNT 2,330,000 in the richest
Per person, whole country
MNT 995,000
what a typical person spends in a month
Spending across the population
MNT 479,000richest 20%
MNT 2,330,000
Where people spend money in Mongolia
One person's out-of-pocket spending, averaged across the whole country
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Key facts
The cost of living in Mongolia in numbers
Groceries takes an unusual share of the budget
It absorbs 36.1% of spending here, or MNT 360,000 a month, against 19.7% in a typical country, 16.4 points more.
Among the cheapest countries in the world
Cheaper than 87% of countries. A basket that costs MNT 3,600,000 at world-middle prices costs MNT 2,570,000 here.
Typical spending takes 61% of the average wage
A typical person spends MNT 995,000 a month while the average take-home wage is MNT 1,640,000, so 39% of an average wage sits above what a typical person spends.
How living costs in Mongolia compare
Neighbours, region and the world on the same monthly figure
What things cost here
How much the same goods and services cost in Mongolia against other countries
Cheaper than 87% of countries
Where Mongolia sits when every country is lined up from cheapest to most expensive
Pakistanmost expensive
Bermuda
middle
A basket of goods and services that costs MNT 3,600,000 at world-middle prices costs MNT 2,570,000 here.
Data source: household consumption 2024 (World Bank), International Comparison Program 2021 (World Bank), category breakdown 2023 (United Nations Statistics Division), adjusted to 2026 using IMF GDP-per-capita growth
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What it costs to live in Mongolia
Tell us what you earn and spend today — we'll estimate what the same lifestyle would cost in Mongolia and how much you could have left each month
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- How much could be left each month
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Cost of living in Mongolia
MNT 479,000/mo
vs MNT 2,880,000 in your country
Take-home
MNT 668,000
vs MNT 4,330,000 in your country
Potential savings
MNT 188,000
more than in your country
Standard of living
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Frequently asked questions
What is the cost of living in Mongolia?
A typical person in Mongolia spends about MNT 995,000 a month — around MNT 11,900,000 a year — on housing, groceries, transport and other everyday costs. It's a nationwide average across different regions, cities and types of housing.
What is the standard of living in Mongolia?
By spending, Mongolia ranks #106 of 185 countries. A typical person spends about MNT 995,000 a month, the poorest 20% about MNT 479,000 and the richest 20% about MNT 2,330,000. The gap between them shows how unevenly people live.
What is the cost of living in Mongolia in US dollars?
The cost of living in Mongolia is about $276 a month, or roughly $3,312 a year per person.
How much money do you need to live comfortably in Mongolia?
It all depends on your standard of living. A modest budget runs about MNT 479,000 a month per person, a typical one around MNT 995,000, and a comfortable life around MNT 1,320,000. In big cities and for a family, costs are usually higher.
What do people spend the most on in Mongolia?
The biggest expense is groceries, at about MNT 360,000 a month (36% of spending). Then come housing (MNT 144,000, 14%) and transport (MNT 126,000, 13%).
Is the average salary in Mongolia enough to live on?
Yes, with room to spare. Average spending is about MNT 995,000 a month, while the average take-home pay in Mongolia is about MNT 1,640,000. For more on incomes, see salaries in Mongolia.
Is Mongolia an expensive country to live in?
Somewhat. Mongolia is more expensive than 43% of countries worldwide and ranks 12th of 27 in Asia by cost of living.
What currency is used in Mongolia?
Mongolia uses the Mongolian Tugrik (MNT). Amounts on this page are shown in it; the currency switcher converts them.
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Living in Mongolia
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