Cost of living in Magadan
Magadan, a city in Russia, offers a unique blend of cultural heritage and natural beauty. Understanding the cost of living here is crucial for anyone considering a move or a long-term stay.
This guide provides a detailed breakdown of expenses in Magadan, covering everything from dining and groceries to housing and transportation.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $17.28 on average, with a range between $14.81 and $19.74.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $44.42, with prices ranging from $39.49 to $49.36.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $2.47.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer averages $0.99, imported beer $1.97, cappuccino $3.95, and Coke/Pepsi $1.13.
Grocery Prices
- Milk - Milk is priced between $0.79 and $0.99 per liter, averaging $0.89.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $0.59 and $0.79, with an average price of $0.69.
- Eggs (Dozen) - A dozen eggs range from $1.13 to $1.78, averaging $1.45.
- Fruits (e.g., Apples, Bananas) - Apples cost $2.47 per kg, while bananas range from $2.67 to $2.96 per kg.
- Vegetables (e.g., Potatoes, Tomatoes) - Potatoes are priced at $1.48 per kg, and tomatoes average $4.94 per kg.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $0.74.
- Fuel (Gasoline) - Gasoline is priced at $0.59 per liter.
- Taxi Fares - Taxi fares start at $1.18.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $394.86.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $296.15.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $789.72.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $592.29.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1184.58.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $987.15.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment average $98.72.
- Internet - Internet services average $22.7.
Cost of Living Rankings
The cost of living indices for Russia 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 Russia, 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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Clothing And Shoes
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Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Magadan offers a relatively affordable cost of living compared to many other cities, with low transportation and dining costs.
Housing is reasonably priced, especially outside the city centre, making it an attractive option for families and individuals alike.
Grocery prices are moderate, with local produce and essentials available at competitive rates.
Conclusion
In conclusion, Magadan presents a cost-effective living environment with its affordable housing, reasonable dining, and transportation costs.
Potential residents can enjoy a balanced lifestyle without the financial strain found in larger metropolitan areas, making it an appealing choice for those seeking a more relaxed pace of life.
Nearby Cities
All cities in Russia