MigrantoCost of living in Montenegro
Average monthly spending, by standard of living, by category, and against other countries
Monthly cost
€764
what a typical person spends
Spending by standard of living
€288richest 20%
€1,880
Montenegro is tiny, and almost everything about its cost of living traces back to the coast and the summer crowds it draws. It uses the euro without belonging to the club that issues it, so imported goods and meals out carry the weight while a place to live stays surprisingly light. What's striking is how far apart life runs here: the distance between a comfortable life and a bare one is wide, wider than the modest headline prices let on.
Where people spend money in Montenegro
Montenegro's spending leans toward the table — groceries and eating out top the budget, much of it imported and priced for the summer trade. Getting around is the other notable cost, since the country is small but stretched along a coast and up into the mountains. Housing, unusually, is light, so the money flows into daily living and the things you'd cut soonest in a lean month rather than into a roof over your head.
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What it costs to live in Montenegro
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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
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How living costs in Montenegro compare
Montenegro lands among Europe's cheaper countries and still above plenty of the world on price — gentle in regional terms, not in global ones. Being small and tied to the euro is what keeps it from being as cheap as its size might suggest. The honest read is a country that's affordable next to Western Europe but no real bargain among its Balkan peers.
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
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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 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.
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Living in Montenegro
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