MigrantoCost of living in Montenegro
What a month costs, how prices compare with other countries, and where the money goes
Monthly cost in Montenegro
Spending runs from €288 a month in the poorest fifth to €1,880 in the richest
Per person, whole country
€764
what a typical person spends in a month
Spending across the population
€288richest 20%
€1,880
Where people spend money in Montenegro
One person's out-of-pocket spending, averaged across the whole country
Ask Migo
Tap a question — our AI assistant answers it in chat
Key facts
The cost of living in Montenegro in numbers
Dining out takes an unusual share of the budget
It absorbs 17.3% of spending here, or €132 a month, against 7.1% in a typical country, 10.2 points more.
Typical spending takes 75% of the average wage
A typical person spends €764 a month while the average take-home wage is €1,020, so 25% of an average wage sits above what a typical person spends.
How living costs in Montenegro compare
Neighbours, region and the world on the same monthly figure
What things cost here
How much the same goods and services cost in Montenegro against other countries
More expensive than 57% of countries
Where Montenegro sits when every country is lined up from cheapest to most expensive
Pakistanmost expensive
Bermuda
middle
A basket of goods and services that costs €865 at world-middle prices costs €931 here.
Data source: household consumption 2024 (World Bank), International Comparison Program 2021 (World Bank), category breakdown 2023 (Eurostat), adjusted to 2026 using IMF GDP-per-capita growth
Living-cost calculator
What it costs to live in Montenegro
Tell us what you earn and spend today — we'll estimate what the same lifestyle would cost in Montenegro and how much you could have left each month
- What your lifestyle costs
- How much could be left each month
- How it compares with today
Cost of living in Montenegro
€288/mo
vs €692 in your country
Take-home
€519
vs €1,040 in your country
Potential savings
€231
more than in your country
Standard of living
Under a minute, no sign-up
Frequently asked questions
What is the cost of living in Montenegro?
A typical person in Montenegro spends about €764 a month — around €9,170 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 Montenegro?
By spending, Montenegro ranks #56 of 185 countries. A typical person spends about €764 a month, the poorest 20% about €288 and the richest 20% about €1,880. The gap between them shows how unevenly people live.
What is the cost of living in Montenegro in US dollars?
The cost of living in Montenegro is about $884 a month, or roughly $10,608 a year per person.
How much money do you need to live comfortably in Montenegro?
It all depends on your standard of living. A modest budget runs about €288 a month per person, a typical one around €764, and a comfortable life around €1,120. In big cities and for a family, costs are usually higher.
What do people spend the most on in Montenegro?
The biggest expense is groceries, at about €205 a month (27% of spending). Then come dining out (€132, 17%) and transport (€87, 11%).
Is the average salary in Montenegro enough to live on?
In most cases yes, but without much of a cushion. Average spending is about €764 a month, while the average take-home pay in Montenegro is about €1,020. For more on incomes, see salaries in Montenegro.
Is Montenegro an expensive country to live in?
Yes. Montenegro is more expensive than 70% of countries worldwide and ranks 31st of 41 in Europe by cost of living.
What currency is used in Montenegro?
Montenegro uses the Euro (EUR). Amounts on this page are shown in it; the currency switcher converts them.
Where to live?
Score countries, regions and cities by what matters to you
Living in Montenegro
See the full country overview