Cost of living in Novomoskovsk
Novomoskovsk, located in Russia, offers a unique blend of cultural heritage and modern living. Understanding the cost of living in this city is crucial for anyone considering relocation or planning a visit.
This guide provides a detailed breakdown of expenses in Novomoskovsk, including housing, transportation, and other essential costs, to help you make informed financial decisions.
Cost of Living Summary
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $198.52 to $297.78, averaging $248.15.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $158.82 to $198.52, averaging $178.67.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $397.04.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $317.63.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $446.67.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $397.04.
Salaries and Financing
- Average Monthly Net Salary (After Tax) - The average monthly net salary in Novomoskovsk is $575.70.
- Mortgage Interest Rate - The mortgage interest rate for a 20-year fixed-rate loan is approximately 12% per annum.
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
Rent Per Month
Rent Per Month
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
"Key Takeaways"
Novomoskovsk offers relatively affordable housing options compared to larger Russian cities, with reasonable rental and purchase prices.
The average salary in Novomoskovsk is modest, which aligns with the cost of living, making it a balanced environment for residents.
Potential homeowners should consider the relatively high mortgage interest rates when planning long-term investments.
Conclusion
In conclusion, Novomoskovsk presents a cost-effective living environment with affordable housing and a balanced salary structure.
While the mortgage interest rates are higher, the overall cost of living remains manageable, making it an attractive option for both residents and newcomers.