Cost of living in Neum
Neum, a picturesque coastal town in Bosnia and Herzegovina, offers a unique blend of affordability and scenic beauty. Understanding the cost of living here is crucial for anyone considering relocation or planning an extended stay.
This guide provides a detailed breakdown of expenses in Neum, covering essential categories such as dining, groceries, transportation, housing, and utilities. Whether you're a potential resident or a curious traveler, this information will help you budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $5.11 on average, with a range between $4.3 and $12.37.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $26.9, with prices ranging from $24.21 to $73.16.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $5.38, with a range between $5.38 and $8.07.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $1.61 to $3.77, imported beer $1.61 to $3.77, cappuccino $1.08 to $2.15, and Coke/Pepsi $1.61 to $2.69.
Grocery Prices
- Milk - Milk is priced between $0.97 and $1.34 per liter, averaging $1.18.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.65 and $1.34, with an average price of $0.9.
- Eggs (Dozen) - A dozen eggs range from $1.61 to $3.87, averaging $2.37.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.81 to $1.61 per kg, while oranges range from $0.81 to $2.42 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.54 and $1.08 per kg, and lettuce costs $0.54 to $1.08 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.61.
- Monthly Pass - A monthly pass for public transport is priced at $53.79.
- Fuel (Gasoline) - Gasoline is priced between $1.34 and $2.15 per liter.
- Taxi Fares - Taxi fares start at $1.48, with a cost of $0.54 per km and $5.38 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $779.98.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $591.71.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1613.75.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $968.25.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $5271.57.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $3657.83.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $91.45 and $268.96, averaging $149.22.
- Internet - Internet services range from $18.29 to $53.79, with an average cost of $23.47.
Cost of Living Rankings
The cost of living indices for Bosnia And Herzegovina are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Bosnia And Herzegovina, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Salaries And Financing
Salaries And Financing
Childcare
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"Key Takeaways"
Neum offers a relatively affordable cost of living compared to many European cities, with low prices for dining and groceries.
Housing costs are moderate, especially outside the city centre, making it an attractive option for those seeking budget-friendly accommodation.
Transportation is economical, with affordable public transport and taxi services, although car ownership can be costly due to fuel prices.
Conclusion
In conclusion, Neum presents a cost-effective living environment, particularly appealing to those looking for a balance between affordability and quality of life.
The town's scenic location and reasonable living expenses make it a desirable destination for both residents and long-term visitors. By understanding the cost of living, individuals can better plan their finances and enjoy all that Neum has to offer.