Cost of living in Herceg Novi
Herceg Novi, a picturesque coastal town in Montenegro, offers a unique blend of historical charm and modern amenities. Understanding the cost of living here is crucial for anyone considering relocation or extended stay.
This guide provides a detailed breakdown of expenses in Herceg Novi, covering everything from dining and groceries to housing and transportation, helping you plan your budget effectively.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $10.46 on average, with a range between $8.37 and $15.7.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $34.01, with prices ranging from $26.16 to $41.86.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.42, with a range between $8.37 and $10.46.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $2.09 to $4.19, imported beer $2.09 to $4.19, cappuccino $1.67 to $2.62, and Coke/Pepsi $2.09 to $3.14.
Grocery Prices
- Milk - Milk is priced between $1.05 and $2.09 per liter, averaging $1.41.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.84 and $1.57, with an average price of $0.93.
- Eggs (Dozen) - A dozen eggs range from $2.39 to $3.77, averaging $2.85.
- Fruits (e.g., Apples, Oranges) - Apples cost $0.83 to $1.57 per kg, while oranges range from $0.73 to $3.14 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.84 and $1.26 per kg, and lettuce costs $0.52 to $2.09 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.05, with a monthly pass priced between $38.72 and $68.02.
- Fuel (Gasoline) - Gasoline is priced between $1.5 and $1.78 per liter.
- Taxi Fares - Taxi fares start at $2.09, with a cost of $0.84 to $1.26 per km and $15.7 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $627.88 to $1046.47, averaging $711.6.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $481.38 to $575.56, averaging $524.98.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1046.47 to $1255.76, averaging $1186.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $837.17 to $1046.47, averaging $889.5.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $2511.52 to $3662.64, averaging $2982.44.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $2092.94 to $2616.17, averaging $2276.07.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $83.72 and $177.9, averaging $128.62.
- Internet - Internet services range from $15.7 to $33.49, with an average cost of $24.07.
Cost of Living Rankings
The cost of living indices for Montenegro 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 Montenegro, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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Transportation
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Rent Per Month
Rent Per Month
Utilities (Monthly)
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Sports And Leisure
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Clothing And Shoes
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Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Herceg Novi offers a relatively affordable cost of living compared to many Western European cities, with reasonable prices for dining and groceries.
Housing costs vary significantly depending on location, with city centre apartments being more expensive than those outside the centre.
Transportation is affordable, with low costs for public transport and fuel, making it easy to navigate the city.
Conclusion
In conclusion, Herceg Novi presents a balanced cost of living, making it an attractive option for those seeking a coastal lifestyle without the high expenses of larger cities.
Whether you're planning to move or just visit, understanding these costs will help you budget effectively and enjoy all that Herceg Novi has to offer.