Cost of Living in Budva

Summary of cost of living in Budva, Montenegro:

  • The estimated monthly costs for a family of four are $3,012.6 (€2,595.1), excluding rent (using our estimator).
  • The estimated monthly costs for a single person are $839.0 (€722.7), excluding rent.
  • Budva is 31.5% less expensive than Columbus (excluding rent, see our cost of living index).
  • Rent in Budva is, on average, 40.6% lower than in Columbus.
Restaurants
Edit Range
Meal at an Inexpensive Restaurant $15.09 8.13-17.41
Meal for Two at a Mid-Range Restaurant (Three Courses, Without Drinks) $69.65 52.24-92.87
Combo Meal at McDonald's (or Equivalent Fast-Food Meal) $13.93 11.61-13.93
Domestic Draft Beer (1 Pint) $4.64 1.39-5.80
Imported Beer (12 oz Small Bottle) $4.35 2.67-5.80
Cappuccino (Regular Size) $3.58 2.32-4.64
Soft Drink (Coca-Cola or Pepsi, 12 oz Small Bottle) $2.26 1.16-3.48
Bottled Water (12 oz) $1.51 0.93-2.32
Markets
Edit
Milk (Regular, 1 Liter) $1.29 1.15-2.09
Fresh White Bread (1 lb Loaf) $1.02 0.84-1.58
White Rice (1 lb) $1.05 0.63-3.16
Eggs (12, Large Size) $3.24 2.79-4.18
Local Cheese (1 lb) $4.08 2.11-4.48
Chicken Fillets (1 lb) $4.37 1.57-5.79
Beef Round or Equivalent Back Leg Red Meat (1 lb) $5.79 4.55-7.90
Apples (1 lb) $0.61 0.53-0.90
Bananas (1 lb) $0.81 0.63-1.18
Oranges (1 lb) $0.71 0.42-1.00
Tomatoes (1 lb) $1.34 0.79-1.58
Potatoes (1 lb) $0.42 0.21-0.53
Onions (1 lb) $0.51 0.24-0.79
Lettuce (1 Head) $1.75 1.16-2.32
Bottled Water (50 oz) $0.96 0.52-1.74
Bottle of Wine (Mid-Range) $6.97 2.32-13.93
Domestic Beer (16.9 oz Bottle) $1.14 0.93-1.37
Imported Beer (12 oz Small Bottle) $1.77 1.45-2.32
Cigarettes (Pack of 20, Marlboro) $4.53 4.06-5.22
Transportation
Edit
One-Way Ticket (Local Transport) $2.90 2.32-4.06
Monthly Public Transport Pass (Regular Price) $40.63 34.83-46.43
Taxi Start (Standard Tariff) $1.16 1.16-1.74
Taxi 1 mile (Standard Tariff) $1.87 1.87-3.74
Taxi 1 Hour Waiting (Standard Tariff) $17.41 17.41-17.41
Gasoline (1 Liter) $1.73 1.66-1.82
Volkswagen Golf 1.5 (or Equivalent New Compact Car) $30,182.41 29,021.54-31,343.27
Toyota Corolla Sedan 1.6 (or Equivalent New Mid-Size Car) $26,699.82 25,538.96-27,860.68
Utilities (Monthly)
Edit
Basic Utilities for 915 Square Feet Apartment (Electricity, Heating, Cooling, Water, Garbage) $169.70 98.67-232.17
Mobile Phone Plan (Monthly, with Calls and 10GB+ Data) $16.11 11.61-23.22
Broadband Internet (Unlimited Data, 60 Mbps or Higher) $34.83 25.54-46.43
Sports And Leisure
Edit
Monthly Fitness Club Membership $60.36 23.22-87.06
Tennis Court Rental (1 Hour, Weekend) $22.35 13.93-23.22
Cinema Ticket (International Release) $5.80 5.80-6.97
Childcare
Edit
Private Full-Day Preschool or Kindergarten, Monthly Fee per Child $415.98 348.26-464.34
International Primary School, Annual Tuition per Child $10,099.50 8,126.03-17,412.93
Clothing And Shoes
Edit
Jeans (Levi's 501 or Similar) $108.83 81.26-139.30
Summer Dress in a Chain Store (e.g. Zara or H&M) $46.43 29.02-58.04
Nike Running Shoes (Mid-Range) $92.87 69.65-150.91
Men's Leather Business Shoes $185.74 116.09-232.17
Rent Per Month
Edit
1 Bedroom Apartment in City Centre $841.62 812.60-888.06
1 Bedroom Apartment Outside of City Centre $568.53 532.84-754.56
3 Bedroom Apartment in City Centre $1,625.21 1,276.95-2,844.11
3 Bedroom Apartment Outside of City Centre $1,253.73 1,044.78-2,089.55
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre $399.03 323.54-800.67
Price per Square Feet to Buy Apartment Outside of Centre $288.49 258.83-431.39
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) $1,042.18
Annual Mortgage Interest Rate (20-Year Fixed, in %) 5.95 5.10-6.99

Prices in Budva

This city had 150 entries in the past 12 months by 20 different contributors.
Last update: 14 June 2026
Sources and References
Distribution of Expenses Using Our Statistical Model:
Salary Calculator:Got a job offer in Budva? Estimate your take-home pay with our Salary Calculator for Budva.
  
  
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