Cost Of Living in Moldova 2024

Average monthly spending for singles, couples, students, and families in Moldova

Whether you're living in Moldova or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Singles

The average monthly expense for a single person living in Moldova is 27,000 MDL. Expenses can range from 3,800 MDL at the minimum level to 180,000 MDL at the highest end.

Couples

The average monthly spending of couples in Moldova is 44,000 MDL. Expenditure can range from 15,000 MDL to 240,000 MDL per month.

Families

The average cost of living for families in Moldova is 59,000 MDL per month. Families spend anywhere from 21,000 MDL to 380,000 MDL.

Students

The average monthly expenditure for students in Moldova is 19,000 MDL. Students spend from 2,900 MDL to 130,000 MDL per month.

Expenditure to Income Ratio in Moldova

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Expense to income distribution levels

Interpretation and Analysis

The average spending-to-salary ratio in Moldova is 83% This means that on average, people spend around 83% of their income for living. According to the distribution table, 18% of the population spend approximately 60% to 70% of their income every month.

Individual
75%
Spending-Income-Ratio

---

68%

84%

Couple
79%
Spending-Income-Ratio

---

71%

88%

Family
87%
Spending-Income-Ratio

---

79%

98%

How do people spend their money in Moldova?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

People living in Moldova typically spend from 16% to 35% of their total monthly expenditure on housing with 27% being the average. The average spend on housing is 11,000 MDL with expenditure ranging from 880 MDL to 110,000 MDL. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utility expenditure like electricity, water, and gas in Moldova ranges from 3% to 10% of total expenses with 6% being the average. The average monthly cost of utilities is 1,900 MDL with 150 MDL and 19,000 MDL being the upper and lower limits.

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 290 MDL to 38,000 MDL on commuting with 3,800 MDL being the norm for most people in one month. This means that money spent on transport constitutes about 9% of total spending on average but can go as low as 4% or as high as 13%.

The average outlay on groceries in a month in Moldova is 9,600 MDL. The cost of groceries can range between 740 MDL to 96,000 MDL. People spend on average about 26% on food and groceries with upper and lower bounds of 18% and 32% respectively.

People in Moldova allocate 3% to 11% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 8%. The range of medical expenses range from 210 MDL to 27,000 MDL with 2,700 MDL being the norm.

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 120 MDL to 15,000 MDL with 1,500 MDL being the average. Speaking of percentages, that equates to 3% to 10% of total expenses with an average of 6% for most residents.

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 2,300 MDL per month with 180 MDL being the minimum spent amount and 23,000 MDL being the maximum.

How much money can you save in Moldova every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.

What percentage of people in Moldova manage to save money from their income every month?

Almost 58% of the surveyed people in Moldova said that they can save some money at the end of each month while 42% said that aren't saving anything.

Percentage of people saving money by population group in Moldova

Saving to Income Ratio

Average Monthly Saved Amount

For most people, 12% to 32% of their monthly income is what they can allocate to their savings, with 21% being the average. The amount of money that people can save is approximately 14,000 MDL on average with savings ranging from 1,100 MDL to 140,000 MDL.

66% of surveyed singles reported some of their income going to savings while 61% of couples said the same. 56% of families confirmed their ability to save money.

How much money do people actually save in Moldova?

Singles

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for singles

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 15% to 34% of their monthly income to savings, with 25% being the average for most singles. The average amount of money that singles are able to save is 9,600 MDL with 1,100 MDL and 64,000 MDL being the minimum and maximum respectively.

Couples

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for couples

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 13% to 33% of their monthly income, with 23% being the average for most couples. The average amount of money that couples can save is 16,000 MDL with 5,300 MDL and 85,000 MDL being the minimum and maximum respectively.

Families

Saving to Income Ratio

Average Monthly Saved Amount

Savings to income distribution levels for families

Interpretation and Analysis

Families in Moldova can save anywhere between 12% to 30% of their monthly income, with 20% being the average for most families. The average amount of money that families can put aside is 21,000 MDL with 7,400 MDL and 140,000 MDL being the minimum and maximum respectively.

Saving Challenges in Moldova

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Moldova. Listed below are the answers given by the survey participants.

Around 7% of the people said that their salary is too low to accommodate a portion for savings while 10% said that the high cost of living leaves little room for savings. 19% of the residents said that they are burdened with debt and find it challenging to save money. 10% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 9% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 7% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 17% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 10% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Typical saving choices for people in Moldova

Where do people choose to put their savings?

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

• 50% for needs and financial obligations

  This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

• 30% for wants and discretionary spending

  This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

• 20% for savings and emergency fund

  This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

Affordable living in Moldova

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Moldova?

Around 64% of surveyed residents think that living in Moldova is affordable with proper budgeting while 36% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Moldova

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options57%

Few low-cost options43%

Based on the survey, 57% of the people living in Moldova have no problem finding low-cost alternatives to support a frugal lifestyle while 43% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Moldova whether they have an emergency fund and the answers were as follows.

Yes60%

No40%

Based on the survey, 40% of the people living in Moldova said that they don't have an emergency fund while 60% said that they do.

Financial Literacy in Moldova

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy59%

We asked residents of Moldova whether they acquired any adequate personal financial training in their lives. Approximately 41% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 59% said that they know about the general principles of personal finance from sources other than their own experience.

Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Moldova have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 44% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 56% said that they have everything under control.

Struggles with finance44%

Easily manages finances56%

Financial goals of people in Moldova

In an attempt to understand the economic situation in Moldova, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.

Around 6% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 32% said their number one priority is to pay off high-interest debt or loans and improve credit. 7% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 9% reported that their priority is saving for the tuition fees and education costs of their children while 16% choose to buy a home or pay off existing mortgage before other things. 9% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 11% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 8% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Moldova

What does the retirement lifestyle look like in Moldova and how much retirement savings are required?

Retirement age

The retirement age for most employees in Moldova is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.

Retirement Income Distribution

We asked residents of Moldova about their retirement income sources and below are the results.

Retirement Monthly Expenses in Moldova

Debt, loans, and mortgages in Moldova

Percentage of people who are in debt

According to the survey, 32% of the people in Moldova have some kind of debt, loan, mortgage, or credit card payments while 68% reported that they don't have financial obligations to banks.

Debt-to-income ratio in Moldova

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 28% of the people's monthly income in Moldova goes to debt settlement.

Debt levels

Monthly debt settlement payment as percentage of monthly income

According to our data, 3% of the debtors in Moldova pay 60%+ of their income as debt settlement while 11% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 11% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 13% dedicated 30% to 40% of income for same. Things are looking brighter for 16% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.

Distribution by type of debt in Moldova

14% of debtors in Moldova confirm that real estate mortgages constitutes the main part of their outstanding debt while 24% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 23% of people and personal loans rose at 36%. Lastly, student loans are the main source of debt for 3% of debtors in Moldova.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.

Loan Affordability Index in Moldova

Besides measuring the loan-to-income ratio, we asked residents of Moldova how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Housing costs, accommodation, and housing affordability in Moldova

Rent Cost in Moldova

Monthly Rent Prices

Studio apartment monthly rent cost

3,300 MDL

5,000 MDL

13,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$190

$280

$750

1-bedroom apartment monthly rent cost

5,000 MDL

8,000 MDL

20,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$280

$450

$1,100

2-bedroom apartment monthly rent cost

6,700 MDL

10,000 MDL

27,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$380

$560

$1,500

3-bedroom apartment monthly rent cost

8,000 MDL

13,000 MDL

36,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$450

$750

$2,100

Furnished apartment monthly rent cost

16,000 MDL

40,000 MDL

80,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$900

$2,300

$4,500

Townhouse monthly rent cost

13,000 MDL

20,000 MDL

57,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$750

$1,100

$3,200

House monthly rent cost

16,000 MDL

40,000 MDL

80,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$900

$2,300

$4,500

Villa monthly rent cost

20,000 MDL

50,000 MDL

80,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$1,100

$2,800

$4,500

The monthly rental cost of a studio apartment in Moldova ranges between 3,300 MDL and 13,000 MDL, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 5,000 MDL to 20,000 MDL. Two-bedroom rentals rate ranges between 6,700 MDL and 27,000 MDL per month. The monthly rental for a three-bedroom apartment ranges from 8,000 MDL to 36,000 MDL. The average rent of a townhouse in Moldova is around 20,000 MDL while house rental costs can be as high as 40,000 MDL per month. Finally, if you want to rent a villa, expect to pay anywhere from 20,000 MDL to 80,000 MDL per month.

Apartment and house prices in Moldova

Cost of buying a property

Studio apartment price

670,000 MDL

1M MDL

2M MDL

MINIMUM

AVERAGE

MAXIMUM

$38,000

$56,000

$110,000

1-bedroom apartment price

800,000 MDL

1.3M MDL

5M MDL

MINIMUM

AVERAGE

MAXIMUM

$45,000

$75,000

$280,000

2-bedroom apartment price

1.3M MDL

4M MDL

8M MDL

MINIMUM

AVERAGE

MAXIMUM

$75,000

$230,000

$450,000

3-bedroom apartment price

4.5M MDL

6.7M MDL

20M MDL

MINIMUM

AVERAGE

MAXIMUM

$250,000

$380,000

$1.1M

Townhouse price

5.7M MDL

13M MDL

50M MDL

MINIMUM

AVERAGE

MAXIMUM

$320,000

$750,000

$2.8M

House price

6.7M MDL

40M MDL

57M MDL

MINIMUM

AVERAGE

MAXIMUM

$380,000

$2.3M

$3.2M

Villa price

8M MDL

45M MDL

67M MDL

MINIMUM

AVERAGE

MAXIMUM

$450,000

$2.5M

$3.8M

The average price of a studio apartment in Moldova can range from 670,000 MDL to 2M MDL depending on location. One bedroom cost can be anywhere from 800,000 MDL to 5M MDL. A villa can cost you 45M MDL on average with prices ranging from 8M MDL to 67M MDL.

House / apartment prices to income ratio

Property prices in Moldova can be x121 to x212 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x121 multiples of the average monthly salary in Moldova.

Rent to income ratio

The average rent-to-income ratio in Moldova is around 32%. This means that people pay 32% of their income for rent. Those figures can range from 22% to 42% depending on the salary, location, and type of property.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Moldova

Energy, electricity, water, gas, internet, and mobile cost in Moldova

Utility Bill Cost / Electricity + Water + Gas / Individual

230 MDL

1,600 MDL

11,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$13

$90

$600

Utility Bill Cost / Electricity + Water + Gas / Couple

590 MDL

2,000 MDL

13,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$33

$110

$730

Utility Bill Cost / Electricity + Water + Gas / Family

1,000 MDL

2,900 MDL

19,000 MDL

MINIMUM

AVERAGE

MAXIMUM

$58

$170

$1,100

Internet and cable cost

200 MDL

400 MDL

540 MDL

MINIMUM

AVERAGE

MAXIMUM

$11

$23

$30

Mobile phone bill and charges

160 MDL

270 MDL

800 MDL

MINIMUM

AVERAGE

MAXIMUM

$9

$15

$45

The average monthly expenditure for individuals on electricty, water, and gas in Moldova ranges between 230 MDL and 11,000 MDL with average being 1,600 MDL, meanwhile the expenditure of couples is slightly higher at 2,000 MDL with 590 MDL and 13,000 MDL being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 2,900 MDL. The cost of internet and WiFi is unchanged among the three groups and ranges from 200 MDL to 540 MDL with 400 MDL being the average internet bill. Finally, the average monthly mobile charges is around 270 MDL but can range between 160 MDL and 800 MDL depending on consumption. Mobile charges include both calling minutes as well as data packages.

Energy / Utility expense to income ratio

The average utility-to-income ratio in Moldova is around 5%. This means that people pay 5% of their income for energy, water, internet, and mobile charges. Those figures can range from 2% to 9% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Moldova

Prices and cost of goods and services in Moldova

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

40 MDL

80 MDL

130 MDL

MINIMUM

AVERAGE

MAXIMUM

$2.3

$4.5

$7.5

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Moldova is approximatly 80 MDL with meal cost ranging from 40 MDL to 130 MDL. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

130 MDL

200 MDL

400 MDL

MINIMUM

AVERAGE

MAXIMUM

$7.5

$11

$23

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 130 MDL and 400 MDL with 200 MDL being the average price of a plate for one person at a regular restaurant in Moldova.

Fine dining meal for one price

270 MDL

400 MDL

1,600 MDL

MINIMUM

AVERAGE

MAXIMUM

$15

$23

$90

The price range of a meal at fine-dining restaurant is 270 MDL to 1,600 MDL with the average cost being 400 MDL for one person. This is what you would expect to pay a top-tier diner in Moldova.

Beverage prices, cappuccino, latte etc..

33 MDL

54 MDL

80 MDL

MINIMUM

AVERAGE

MAXIMUM

$1.9

$3

$4.5

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Moldova is around 54 MDL. Price ranges between 33 MDL and 80 MDL depending on the type of beverage, the size, and optional add-ons.

Grocery and market costs

Large bottle of milk price

27 MDL

32 MDL

40 MDL

MINIMUM

AVERAGE

MAXIMUM

$1.5

$1.8

$2.3

The average price of a large bottle of milk in Moldova is 32 MDL. The maximum what you would pay for milk is 40 MDL and the minimum being 27 MDL depending on the brand of milk and other properties.

12 eggs price

20 MDL

27 MDL

40 MDL

MINIMUM

AVERAGE

MAXIMUM

$1.1

$1.5

$2.3

A dozen eggs costs around 27 MDL on average with 20 MDL and 40 MDL being the lower and upper limits respectively.

Fresh whole chicken price

46 MDL

59 MDL

84 MDL

MINIMUM

AVERAGE

MAXIMUM

$2.6

$3.3

$4.7

The price range of a fresh whole chicken in Moldova is between 46 MDL and 84 MDL depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 59 MDL.

Pack of beef price

54 MDL

80 MDL

160 MDL

MINIMUM

AVERAGE

MAXIMUM

$3

$4.5

$9

The price of a regular pack of beef or meat is around 80 MDL. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

22 MDL

30 MDL

42 MDL

MINIMUM

AVERAGE

MAXIMUM

$1.2

$1.7

$2.4

A bag of rice in Moldova costs around 30 MDL on average with prices rangeing between 22 MDL and 42 MDL depending on the brand and quality.

Bag of tomatos price

8 MDL

11 MDL

20 MDL

MINIMUM

AVERAGE

MAXIMUM

$0.45

$0.60

$1.1

A bag of tomatoes costs anywhere from 8 MDL to 20 MDL. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

14 MDL

19 MDL

31 MDL

MINIMUM

AVERAGE

MAXIMUM

$0.81

$1.1

$1.7

A bag of apples costs 19 MDL on average. A bag of apples denotes 1Kg or 1lb depending on location.

Grocery and food expenditure to income ratio

The average grocery-to-income ratio in Moldova is around 25%. This means that people spend 25% of their income on grocery and basic household items. The expenditure can range from 17% to 31% depending on salary and location.

Expenditure on food and grocery for every population group

A single person living alone spends approximately 4,200 MDL per month on grocery and food with expenditure fluctuating between 600 MDL and 28,000 MDL depending on location and the type of person. The average cost of food and groceries for a couple is around 6,200 MDL per month. That number can be get as low as 2,100 MDL or a high as 33,000 MDL. Families' spending on grocery ranges from 3,700 MDL to 69,000 MDL with the location, income, and size of the family being the most determinite factors.

SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Moldova

CoupleAverage monthly living expenditure breaks and spending patterns for couples in Moldova

FamilyAverage monthly expenses and break out of spending for families living in Moldova

StudentCost of living and expenses break down for students living in Moldova