Cost of Living Comparison Between Budva and Podgorica 

Indices DifferenceInfo
Consumer Prices in Podgorica are 10.7% lower than in Budva (without rent)
Consumer Prices Including Rent in Podgorica are 19.2% lower than in Budva
Rent Prices in Podgorica are 37.2% lower than in Budva
Restaurant Prices in Podgorica are 25.7% lower than in Budva
Groceries Prices in Podgorica are 0.9% lower than in Budva
Local Purchasing Power in Podgorica is 25.8% higher than in Budva
Currency: Sticky Currency      Switch to metric measurement units
Restaurants
Budva Edit Podgorica Edit Difference
Meal, Inexpensive Restaurant 10.00 € 7.00 €      -30.0 %
Meal for 2 People, Mid-range Restaurant, Three-course 50.00 € 33.50 €      -33.0 %
McMeal at McDonalds (or Equivalent Combo Meal) 6.00 € 6.00 €      0.0 %
Domestic Beer (1 pint draught) 3.00 € 2.20 €      -26.7 %
Imported Beer (12 oz small bottle) 2.50 € 2.80 €      +12.0 %
Cappuccino (regular) 2.17 € 1.70 €      -21.3 %
Coke/Pepsi (12 oz small bottle) 1.93 € 1.90 €      -1.7 %
Water (12 oz small bottle) 1.42 € 1.36 €      -4.3 %
Markets
Budva Edit Podgorica Edit
Milk (regular), (1 gallon) 4.78 € 5.21 €      +9.1 %
Loaf of Fresh White Bread (1 lb) 0.82 € 0.76 €      -7.2 %
Rice (white), (1 lb) 0.83 € 0.90 €      +7.6 %
Eggs (regular) (12) 2.65 € 2.78 €      +5.0 %
Local Cheese (1 lb) 3.59 € 3.17 €      -11.7 %
Chicken Fillets (1 lb) 2.83 € 3.16 €      +11.7 %
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.37 € 4.44 €      +1.4 %
Apples (1 lb) 0.45 € 0.51 €      +11.4 %
Banana (1 lb) 0.76 € 0.75 €      -1.0 %
Oranges (1 lb) 0.62 € 0.56 €      -8.8 %
Tomato (1 lb) 1.11 € 1.01 €      -9.2 %
Potato (1 lb) 0.44 € 0.40 €      -8.9 %
Onion (1 lb) 0.58 € 0.51 €      -12.9 %
Lettuce (1 head) 1.01 € 1.04 €      +3.0 %
Water (1.5 liter bottle) 0.73 € 0.67 €      -8.3 %
Bottle of Wine (Mid-Range) 6.00 € 5.00 €      -16.7 %
Domestic Beer (0.5 liter bottle) 1.00 € 0.94 €      -5.8 %
Imported Beer (12 oz small bottle) 1.65 € 1.39 €      -15.5 %
Cigarettes 20 Pack (Marlboro) 3.50 € 3.60 €      +2.9 %
Transportation
Budva Edit Podgorica Edit
One-way Ticket (Local Transport) 1.50 € 0.90 €      -40.0 %
Monthly Pass (Regular Price) 32.50 € 30.00 €      -7.7 %
Taxi Start (Normal Tariff) 1.00 € 0.60 €      -40.0 %
Taxi 1 mile (Normal Tariff) 2.41 € 0.97 €      -60.0 %
Taxi 1hour Waiting (Normal Tariff) 10.00 € 9.50 €      -5.0 %
Gasoline (1 gallon) 5.76 € 5.63 €      -2.3 %
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 27,000.00 € 25,000.00 €      -7.4 %
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 24,000.00 € 30,666.67 €      +27.8 %
Utilities (Monthly)
Budva Edit Podgorica Edit
Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment 126.75 € 100.49 €      -20.7 %
Mobile Phone Monthly Plan with Calls and 10GB+ Data 17.25 € 17.27 €      +0.2 %
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 26.15 € 26.18 €      +0.1 %
Sports And Leisure
Budva Edit Podgorica Edit
Fitness Club, Monthly Fee for 1 Adult 43.12 € 35.00 €      -18.8 %
Tennis Court Rent (1 Hour on Weekend) 15.50 € 15.83 €      +2.2 %
Cinema, International Release, 1 Seat 5.75 € 5.00 €      -13.0 %
Childcare
Budva Edit Podgorica Edit
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 370.00 € 197.00 €      -46.8 %
International Primary School, Yearly for 1 Child 8,700.00 € 6,375.00 €      -26.7 %
Clothing And Shoes
Budva Edit Podgorica Edit
1 Pair of Jeans (Levis 501 Or Similar) 76.25 € 66.88 €      -12.3 %
1 Summer Dress in a Chain Store (Zara, H&M, ...) 28.33 € 33.50 €      +18.2 %
1 Pair of Nike Running Shoes (Mid-Range) 109.38 € 86.90 €      -20.5 %
1 Pair of Men Leather Business Shoes 187.50 € 95.00 €      -49.3 %
Rent Per Month
Budva Edit Podgorica Edit
Apartment (1 bedroom) in City Centre 753.57 € 526.40 €      -30.1 %
Apartment (1 bedroom) Outside of Centre 566.67 € 406.52 €      -28.3 %
Apartment (3 bedrooms) in City Centre 1,625.00 € 951.36 €      -41.5 %
Apartment (3 bedrooms) Outside of Centre 1,163.33 € 696.00 €      -40.2 %
Buy Apartment Price
Budva Edit Podgorica Edit
Price per Square Feet to Buy Apartment in City Centre 288.93 € 184.93 €      -36.0 %
Price per Square Feet to Buy Apartment Outside of Centre 209.03 € 141.97 €      -32.1 %
Salaries And Financing
Budva Edit Podgorica Edit
Average Monthly Net Salary (After Tax) 771.75 € 784.71 €      +1.7 %
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.27 6.17      +17.2 %
Last update: April 2024April 2024
Contributors in the past 12 months:6897