Cost Of Living For a Single Person in Belgrade 2025

Single person cost of living chart - individual average monthly expenditure in Belgrade

Average Monthly Expenditure

Currency: RSD
18,000 130,000 1.4M
MINIMUM AVERAGE MAXIMUM
$170 $1,200 $13,000

Average monthly spending for a single person or individual in Belgrade

How much money does an individual need in a month to survive in Belgrade?

A single person in Belgrade spends around 130,000 RSD per month on average. Depending on the lifestyle, a single individual can survive with a monthly budget as low as 18,000 RSD or as high as 1.4M RSD. Location and income are very important factors and have a huge influence on expenditure and budget.

Prices and cost of goods and services in Belgrade

Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Belgrade

Dining, food, and beverages costs


Fast food combo meal

160 RSD 330 RSD 550 RSD
MINIMUM AVERAGE MAXIMUM
$1.5 $3.1 $5.1

Restaurant meal for one

570 RSD 860 RSD 1,700 RSD
MINIMUM AVERAGE MAXIMUM
$5.3 $8 $16

Fine dining meal for one

1,100 RSD 1,600 RSD 6,600 RSD
MINIMUM AVERAGE MAXIMUM
$10 $15 $61

Cappuccino or latte

140 RSD 230 RSD 340 RSD
MINIMUM AVERAGE MAXIMUM
$1.3 $2.1 $3.1

Grocery and market costs


Milk large bottle

110 RSD 140 RSD 170 RSD
MINIMUM AVERAGE MAXIMUM
$1.1 $1.3 $1.6

12 eggs

82 RSD 110 RSD 160 RSD
MINIMUM AVERAGE MAXIMUM
$0.76 $1 $1.5

Fresh whole chicken

200 RSD 250 RSD 360 RSD
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $3.3

Pack of beef

240 RSD 360 RSD 720 RSD
MINIMUM AVERAGE MAXIMUM
$2.2 $3.3 $6.6

Medium bag of rice

87 RSD 120 RSD 170 RSD
MINIMUM AVERAGE MAXIMUM
$0.81 $1.1 $1.6

Bag of tomatos

33 RSD 44 RSD 83 RSD
MINIMUM AVERAGE MAXIMUM
$0.31 $0.41 $0.77

Bag of apples

60 RSD 79 RSD 130 RSD
MINIMUM AVERAGE MAXIMUM
$0.56 $0.73 $1.2
Chart showing the prices and cost of commute, travel, and transportation in Belgrade

Commute, travel, and transportation costs


20 minutes taxi ride

140 RSD 170 RSD 350 RSD
MINIMUM AVERAGE MAXIMUM
$1.3 $1.6 $3.2

Average car full tank

830 RSD 1,100 RSD 2,200 RSD
MINIMUM AVERAGE MAXIMUM
$7.7 $10 $20

Average car 1-day rental

770 RSD 1,000 RSD 1,500 RSD
MINIMUM AVERAGE MAXIMUM
$7.1 $9.5 $14

Average car price

390,000 RSD 790,000 RSD 1.1M RSD
MINIMUM AVERAGE MAXIMUM
$3,700 $7,300 $9,800

Bus ticket one way

26 RSD 39 RSD 79 RSD
MINIMUM AVERAGE MAXIMUM
$0.24 $0.36 $0.73

Car Service

1,100 RSD 1,600 RSD 3,200 RSD
MINIMUM AVERAGE MAXIMUM
$9.9 $15 $30
Chart showing the prices and cost of utility, energy, water, and gas for a single person in Belgrade

Utility cost (monthly)


Utility Bill - Individual

950 RSD 6,700 RSD 75,000 RSD
MINIMUM AVERAGE MAXIMUM
$8.8 $62 $690

Internet and cable

860 RSD 1,700 RSD 2,300 RSD
MINIMUM AVERAGE MAXIMUM
$8 $16 $21

Mobile phone charges

560 RSD 940 RSD 2,800 RSD
MINIMUM AVERAGE MAXIMUM
$5.2 $8.7 $26

Leisure and activities costs


Movie ticket

370 RSD 490 RSD 740 RSD
MINIMUM AVERAGE MAXIMUM
$3.4 $4.5 $6.8

One month gym membership

1,400 RSD 1,700 RSD 3,400 RSD
MINIMUM AVERAGE MAXIMUM
$13 $16 $31
Chart showing the prices and cost of clothing and accessories in Belgrade

Cloths and accessories costs


Pair of jeans or pants

1,000 RSD 1,400 RSD 2,200 RSD
MINIMUM AVERAGE MAXIMUM
$9.4 $13 $20

Woman dress

980 RSD 1,400 RSD 4,400 RSD
MINIMUM AVERAGE MAXIMUM
$9.1 $13 $41

Woman shoes

870 RSD 1,200 RSD 2,700 RSD
MINIMUM AVERAGE MAXIMUM
$8 $11 $25

Men's shoes

770 RSD 940 RSD 1,900 RSD
MINIMUM AVERAGE MAXIMUM
$7.1 $8.7 $17

Men suit

860 RSD 1,100 RSD 5,800 RSD
MINIMUM AVERAGE MAXIMUM
$8 $10 $53

Regular t-shirt

440 RSD 590 RSD 1,800 RSD
MINIMUM AVERAGE MAXIMUM
$4.1 $5.5 $16
Chart showing the prices and cost of housing, accommodation, and rent in Belgrade

Housing costs / monthly rent


Studio apartment

16,000 RSD 24,000 RSD 63,000 RSD
MINIMUM AVERAGE MAXIMUM
$150 $220 $590

1-bedroom apartment

24,000 RSD 39,000 RSD 97,000 RSD
MINIMUM AVERAGE MAXIMUM
$230 $360 $900

2-bedroom apartment

33,000 RSD 50,000 RSD 130,000 RSD
MINIMUM AVERAGE MAXIMUM
$310 $460 $1,200

Housing costs / Buying


Studio apartment

3.3M RSD 5M RSD 10M RSD
MINIMUM AVERAGE MAXIMUM
$31,000 $46,000 $92,000

1-bedroom apartment

4.1M RSD 6.8M RSD 26M RSD
MINIMUM AVERAGE MAXIMUM
$38,000 $63,000 $240,000

2-bedroom apartment

6.3M RSD 19M RSD 38M RSD
MINIMUM AVERAGE MAXIMUM
$59,000 $180,000 $350,000
Chart showing the prices and cost of furniture in Belgrade

Furniture Costs


King Size Bed

16,000 RSD 20,000 RSD 27,000 RSD
MINIMUM AVERAGE MAXIMUM
$150 $190 $250

Double Bed

11,000 RSD 17,000 RSD 21,000 RSD
MINIMUM AVERAGE MAXIMUM
$100 $150 $190

Single Bed

10,000 RSD 13,000 RSD 17,000 RSD
MINIMUM AVERAGE MAXIMUM
$93 $120 $160

Living Room

20,000 RSD 25,000 RSD 88,000 RSD
MINIMUM AVERAGE MAXIMUM
$180 $230 $810

Dining Table

8,200 RSD 11,000 RSD 20,000 RSD
MINIMUM AVERAGE MAXIMUM
$76 $100 $190

Sofa or Couch

11,000 RSD 15,000 RSD 33,000 RSD
MINIMUM AVERAGE MAXIMUM
$100 $140 $310
Chart showing the prices and cost of electronic devices and appliances in Belgrade

Electronics and House Appliance Costs


TV Set

11,000 RSD 17,000 RSD 34,000 RSD
MINIMUM AVERAGE MAXIMUM
$100 $160 $310

Fridge or Freezer

10,000 RSD 16,000 RSD 22,000 RSD
MINIMUM AVERAGE MAXIMUM
$94 $140 $200

Washing Machine

12,000 RSD 18,000 RSD 32,000 RSD
MINIMUM AVERAGE MAXIMUM
$110 $160 $300

Stove or Cooker

12,000 RSD 15,000 RSD 21,000 RSD
MINIMUM AVERAGE MAXIMUM
$110 $140 $190

Mobile Phone

14,000 RSD 17,000 RSD 24,000 RSD
MINIMUM AVERAGE MAXIMUM
$130 $160 $220

Laptop or Computer

16,000 RSD 19,000 RSD 34,000 RSD
MINIMUM AVERAGE MAXIMUM
$140 $180 $320
Single person or Individual cost of living and expenditure to income ratio in Belgrade

Single person expenditure to income ratio in Belgrade

Analysing the how affordable it is for an individual to live in Belgrade

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. Individuals usually spend a larger chunk of their income than other population groups. A typical and healthy expenditure percentage for a single individual ranges between 70% to 80%.


Spending to Income Ratio

91%

82% to 99%

( expenditure / income ) x 100


Individuals in Belgrade spend around 91% of their monthly income. Some individuals spend as low as 82% of their income while some as high as 99%.

Percentage of individuals who manage to save money from their income every month in Belgrade

What percentage of individuals in Belgrade are able to save money and how much can they save?


Percentage of individuals that reported their ability to save money


Saving Money
73%
Not Saving
27%

Almost 73% of surveyed individuals in Belgrade said that they can save some money at the end of each month while 27% reported that they have to utilize their whole income to survive.


A single person savings to income ratio in Belgrade

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


How much money do individuals manage to add to their savings?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.

Saving to Income Ratio

13% 22% of income 35%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

5,100 RSD
$47
46,000 RSD
$420
510,000 RSD
$4,700
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for individuals

Saving To Income Ratio% Individuals
0% - 10%32%
10% - 20%25%
20% - 30%16%
30% - 40%13%
40% - 50%10%
> 50%4%

Interpretation and Analysis

Individuals that are able to save money can put anywhere from 13% to 35% of their monthly income to their savings, with 22% being the average for most individuals. The average monthly amount of money that individuals can put aside is 46,000 RSD with 5,100 RSD and 510,000 RSD being the minimum and maximum respectively.

Distribution of monthly cost of living expenses of a single person in Belgrade

How do individuals spend their money in Belgrade?

We asked thousands of individuals about their spending habits and expenditure break down.


The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing and accomodation expenditure for individuals

Accomodation Cost30%

30% of total expenses on average (18% to 42%)

LOW$60   6,400 RSD
AVERAGE$420   46,000 RSD
HIGH$4,700   510,000 RSD
Per Month

Individuals in Belgrade typically spend from 18% to 42% of their total monthly expenditure on housing with 30% being the average. The average monthly spend on housing is 46,000 RSD with expenditure ranging from 6,400 RSD to 510,000 RSD. This cost mainly goes for rent but it also includes other accommodation-related expenses.

Electricity, utilities, energy, water, internet, and mobile expenditure for individuals

Cost of utilities8%

8% of total expenses on average (4% to 13%)

LOW$8.8   950 RSD
AVERAGE$62   6,700 RSD
HIGH$690   75,000 RSD
Per Month

Utility expenditure like electricity, water, and gas in Belgrade ranges from 4% to 13% of total expenses with 8% being the average for most individuals. The average monthly cost of utilities is 6,700 RSD with 950 RSD and 75,000 RSD being the upper and lower limits for a single person.

Transport, fuel, and commute expenditure for individuals

Cost of transport and fuel5%

5% of total expenses on average (3% to 11%)

LOW$13   1,400 RSD
AVERAGE$89   9,700 RSD
HIGH$990   110,000 RSD
Per Month

Fuel consumption and cost of transport depend heavily on whether a single person resides near school and work, but roughly speaking a single person would expect to spend from 1,400 RSD to 110,000 RSD in a month on commuting with 9,700 RSD being the norm for most individuals. This means that money spent on transport constitutes about 5% of total spending on average but can go as low as 3% or as high as 11%.

Food, groceries, and basic shopping expenditure for individuals

Food and Groceries Cost19%

19% of total expenses on average (13% to 24%)

LOW$25   2,700 RSD
AVERAGE$170   19,000 RSD
HIGH$1,900   210,000 RSD
Per Month

The average outlay on groceries and basic houshold items for a typical person in a month in Belgrade is 19,000 RSD. The cost of groceries can range between 2,700 RSD to 210,000 RSD. Individuals spend on average about 19% on food and groceries with upper and lower bounds of 13% and 24% respectively.

Healthcare and medical services expenditure for individuals

Cost of healthcare12%

12% of total expenses on average (6% to 16%)

LOW$12   1,300 RSD
AVERAGE$87   9,400 RSD
HIGH$970   100,000 RSD
Per Month

Individuals in Belgrade allocate 6% to 16% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending on medical services and clinic visits is around 12%. The range of medical expenses range from 1,300 RSD to 100,000 RSD with 9,400 RSD being the norm for most individuals.

Leisure and shopping expenditure for individuals

Cost of leisure and shopping3%

3% of total expenses on average (2% to 6%)

LOW$7.7   830 RSD
AVERAGE$55   5,900 RSD
HIGH$610   66,000 RSD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 830 RSD to 66,000 RSD with 5,900 RSD being the average. Speaking of percentages, that equates to 2% to 6% of total expenses with an average of 3% for most individuals.

Education and schooling expenditure for individuals

Cost of education and schooling1%

1% of total expenses on average (0.00% to 3%)

LOW$3.1   330 RSD
AVERAGE$22   2,400 RSD
HIGH$240   26,000 RSD
Per Month

Spending on education can vary drastically between different individuals. On average, education constitutes 1% of the monthly expenditure of individuals with 0.00% and 3% being the lower and upper bounds respectively. The average reported education cost is 2,400 RSD per month with 330 RSD being the minimum spent amount and 26,000 RSD being the maximum.

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW$29   3,100 RSD
AVERAGE$210   22,000 RSD
HIGH$2,300   250,000 RSD
Per Month
Reasons that make it difficult for individuals to save money in Belgrade

Saving Challenges in Belgrade

Reasons that make it difficult for individuals to save money

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


Reason% People
Low Income5%
High Expenses8%
Debt and Loans14%
Lack of Budgeting Skills11%
Impulsive Spending11%
Financial Emergencies7%
Living the moment6%
Will do it later20%
Inflation13%
Social Pressure3%
Market Instability2%

Around 5% of the individuals said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 14% of the residents said that they are burdened with debt and find it challenging to save money. 11% 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. 11% of individuals blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 20% 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. 13% 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, 2% blamed market instability and price fluctuations.

Where do individuals choose to put their savings in Belgrade

Typical saving choices for individuals in Belgrade

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold12%
Savings Accounts17%
Retirement Accounts10%
Cash Savings20%
Real Estate9%
Investment5%
Stocks4%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%
How easily is cost-cutting for individuals. Are there plenty of low-cost options in Belgrade

Low-cost alternatives in Belgrade

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 individuals how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options58%

Few low-cost options42%


Based on the survey, 58% of the individuals living in Belgrade have no problem finding low-cost alternatives to support a frugal lifestyle while 42% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

A typical and healthy budgeting structure. The 50-30-20 rule

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

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical for individuals to live in Belgrade

Affordable living in Belgrade

Income and cost of living compatibility

We asked individuals one simple question and recorded their answers.

Is it affordable or economical to live in Belgrade?


Yes
63%
No
37%

Around 63% of surveyed individuals think that living in Belgrade is affordable with proper budgeting while 37% reported that it is just too expensive and not affordable even with frugality and thriftness.

Financial goals and targets of single people living in Belgrade

Financial goals of individuals in Belgrade

In an attempt to understand the economic situation in Belgrade, 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.


Financial Goal% People
Emergency Fund8%
Debt Reduction41%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing7%
Travel or Lifestyle7%
Healthcare Expenses13%
Financial Independence5%

Around 8% of individuals said that their main goal is to establish an emergency fund to cover unexpected expenses while 41% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 7% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 7% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 13% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Emergency Funds For Individuals

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 individuals whether they have an emergency fund and the answers were as follows.

Yes60%

No40%


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

Financial literacy and difficulty in budgeting and financial planning for individuals in Belgrade

Financial Literacy in

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 Leteracy58%


We asked individuals in Belgrade whether they acquired any adequate personal financial training in their lives. Approximately 42% 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 58% 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 single people of have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 40% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 60% said that they have everything under control.

Struggles with finance40%

Easily manages finances60%

Chart showing the percentage of individuals who are in debt in Belgrade

Debt, loans, and mortgages in Belgrade


Percentage of individuals who are in debt


In Debt
29%
Debt Free
71%

According to the survey, 29% of the individuals in Belgrade have some kind of debt, loan, mortgage, or credit card payments while 71% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Belgrade

Debt-to-income ratio in Belgrade

Debt to income ratio

31%

22% to 39%

( monthly debt payment / monthly income ) x 100

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 31% of a single person's monthly income in Belgrade goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%17%
40% - 50%14%
30% - 40%16%
20% - 30%11%
10% - 20%13%
0% - 10%26%

According to our data, 3% of the debtors in Belgrade pay 60%+ of their income as debt settlement while 17% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 14% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 16% dedicated 30% to 40% of income for same. Things are looking brighter for 11% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Belgrade

Debt% People
Real Estate Mortgage9%
Auto Loan16%
Student Loan4%
Credit Card29%
Personal Loan42%

9% of debtors in Belgrade confirm that real estate mortgages constitutes the main part of their outstanding debt while 29% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 16% of people and personal loans rose at 42%. Lastly, student loans are the main source of debt for 4% of debtors in Belgrade.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

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 Belgrade

Besides measuring the loan-to-income ratio, we asked individuals 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.

Frequency% People
Never51%
Once a year24%
Twice a year12%
Three times a year9%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Belgrade

Housing costs, accommodation, and housing affordability in Belgrade

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Belgrade

Monthly Rent Prices

Studio apartment monthly rent cost

16,000 RSD 24,000 RSD 63,000 RSD
MINIMUM AVERAGE MAXIMUM
$150 $220 $590

1-bedroom apartment monthly rent cost

24,000 RSD 39,000 RSD 97,000 RSD
MINIMUM AVERAGE MAXIMUM
$230 $360 $900

2-bedroom apartment monthly rent cost

33,000 RSD 50,000 RSD 130,000 RSD
MINIMUM AVERAGE MAXIMUM
$310 $460 $1,200

3-bedroom apartment monthly rent cost

41,000 RSD 68,000 RSD 190,000 RSD
MINIMUM AVERAGE MAXIMUM
$380 $630 $1,700

Furnished apartment monthly rent cost

78,000 RSD 190,000 RSD 390,000 RSD
MINIMUM AVERAGE MAXIMUM
$720 $1,800 $3,600

Townhouse monthly rent cost

64,000 RSD 96,000 RSD 270,000 RSD
MINIMUM AVERAGE MAXIMUM
$590 $880 $2,500

House monthly rent cost

78,000 RSD 200,000 RSD 390,000 RSD
MINIMUM AVERAGE MAXIMUM
$720 $1,800 $3,600

Villa monthly rent cost

95,000 RSD 240,000 RSD 380,000 RSD
MINIMUM AVERAGE MAXIMUM
$880 $2,200 $3,500

The monthly rental cost of a studio apartment in Belgrade ranges between 16,000 RSD and 63,000 RSD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 24,000 RSD to 97,000 RSD. Two-bedroom rentals rate ranges between 33,000 RSD and 130,000 RSD per month. The monthly rental for a three-bedroom apartment ranges from 41,000 RSD to 190,000 RSD. The average rent of a townhouse in Belgrade is around 96,000 RSD while house rental costs can be as high as 200,000 RSD per month. Finally, if you want to rent a villa, expect to pay anywhere from 95,000 RSD to 380,000 RSD per month.



Apartment and house prices in Belgrade

Cost of buying a property

Studio apartment price

3.3M RSD 5M RSD 10M RSD
MINIMUM AVERAGE MAXIMUM
$31,000 $46,000 $92,000

1-bedroom apartment price

4.1M RSD 6.8M RSD 26M RSD
MINIMUM AVERAGE MAXIMUM
$38,000 $63,000 $240,000

2-bedroom apartment price

6.3M RSD 19M RSD 38M RSD
MINIMUM AVERAGE MAXIMUM
$59,000 $180,000 $350,000

3-bedroom apartment price

22M RSD 32M RSD 97M RSD
MINIMUM AVERAGE MAXIMUM
$200,000 $300,000 $900,000

Townhouse price

29M RSD 67M RSD 250M RSD
MINIMUM AVERAGE MAXIMUM
$260,000 $620,000 $2.3M

House price

34M RSD 210M RSD 290M RSD
MINIMUM AVERAGE MAXIMUM
$320,000 $1.9M $2.7M

Villa price

41M RSD 230M RSD 340M RSD
MINIMUM AVERAGE MAXIMUM
$380,000 $2.1M $3.2M

The average price of a studio apartment in Belgrade can range from 3.3M RSD to 10M RSD depending on location. One bedroom cost can be anywhere from 4.1M RSD to 26M RSD. A villa can cost you 230M RSD on average with prices ranging from 41M RSD to 340M RSD.


If you're leasing or purchasing, housing costs in Belgrade will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


46 x132 monthly income 269
MINIMUM AVERAGE MAXIMUM

Property prices in Belgrade can be x132 to x269 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x132 multiples of the average monthly salary in Belgrade.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


24% 36% of income 48%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Belgrade is around 36%. This means that people pay 36% of their income for rent. Those figures can range from 24% to 48% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

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.

Housing Affordability Index
28%

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.


FROM
2%
AVERAGE
3%
TO
4%

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.


280 RSD 2,800 RSD 42,000 RSD
MINIMUM AVERAGE MAXIMUM

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.

Food Prices, Dining Expenses, and Grocery Costs in Belgrade

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Belgrade

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

Fast food combo meal price

160 RSD 330 RSD 550 RSD
MINIMUM AVERAGE MAXIMUM
$1.5 $3.1 $5.1

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Belgrade is approximatly 330 RSD with meal cost ranging from 160 RSD to 550 RSD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

570 RSD 860 RSD 1,700 RSD
MINIMUM AVERAGE MAXIMUM
$5.3 $8 $16

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 570 RSD and 1,700 RSD with 860 RSD being the average price of a plate for one person at a regular restaurant in Belgrade.

Fine dining meal for one price

1,100 RSD 1,600 RSD 6,600 RSD
MINIMUM AVERAGE MAXIMUM
$10 $15 $61

The price range of a meal at fine-dining restaurant is 1,100 RSD to 6,600 RSD with the average cost being 1,600 RSD for one person. This is what you would expect to pay a top-tier diner in Belgrade.

Beverage prices, cappuccino, latte etc..

140 RSD 230 RSD 340 RSD
MINIMUM AVERAGE MAXIMUM
$1.3 $2.1 $3.1

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Belgrade is around 230 RSD. Price ranges between 140 RSD and 340 RSD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

110 RSD 140 RSD 170 RSD
MINIMUM AVERAGE MAXIMUM
$1.1 $1.3 $1.6

The average price of a large bottle of milk in Belgrade is 140 RSD. The maximum what you would pay for milk is 170 RSD and the minimum being 110 RSD depending on the brand of milk and other properties.

12 eggs price

82 RSD 110 RSD 160 RSD
MINIMUM AVERAGE MAXIMUM
$0.76 $1 $1.5

A dozen eggs costs around 110 RSD on average with 82 RSD and 160 RSD being the lower and upper limits respectively.

Fresh whole chicken price

200 RSD 250 RSD 360 RSD
MINIMUM AVERAGE MAXIMUM
$1.8 $2.4 $3.3

The price range of a fresh whole chicken in Belgrade is between 200 RSD and 360 RSD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 250 RSD.

Pack of beef price

240 RSD 360 RSD 720 RSD
MINIMUM AVERAGE MAXIMUM
$2.2 $3.3 $6.6

The price of a regular pack of beef or meat is around 360 RSD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

87 RSD 120 RSD 170 RSD
MINIMUM AVERAGE MAXIMUM
$0.81 $1.1 $1.6

A bag of rice in Belgrade costs around 120 RSD on average with prices rangeing between 87 RSD and 170 RSD depending on the brand and quality.

Bag of tomatos price

33 RSD 44 RSD 83 RSD
MINIMUM AVERAGE MAXIMUM
$0.31 $0.41 $0.77

A bag of tomatoes costs anywhere from 33 RSD to 83 RSD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

60 RSD 79 RSD 130 RSD
MINIMUM AVERAGE MAXIMUM
$0.56 $0.73 $1.2

A bag of apples costs 79 RSD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


22% 31% of income 38%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Belgrade is around 31%. This means that individuals spend 31% of their income on grocery and basic household items. The expenditure can range from 22% to 38% depending on salary and location.


Expenditure on food and grocery for individuals

Individuals' spending on grocery ranges from 2,700 RSD to 210,000 RSD with the location, income being the most determinite factors.

Monthly costs and expenses of energy and basic utilities in Belgrade

Utilities expenditure can vary slightly between different areas and locations.


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

Utility Bill Cost / Electricity + Water + Gas / A single person

950 RSD 6,700 RSD 75,000 RSD
MINIMUM AVERAGE MAXIMUM
$8.8 $62 $690

Internet and cable cost

860 RSD 1,700 RSD 2,300 RSD
MINIMUM AVERAGE MAXIMUM
$8 $16 $21

Mobile phone bill and charges

560 RSD 940 RSD 2,800 RSD
MINIMUM AVERAGE MAXIMUM
$5.2 $8.7 $26

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly energy and water consumption of individuals is around 6,700 RSD. The cost of internet and WiFi ranges from 860 RSD to 2,300 RSD with 1,700 RSD being the average internet bill. Finally, the average monthly mobile charges is around 940 RSD but can range between 560 RSD and 2,800 RSD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


3.5% 7.1% of income 12%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Belgrade is around 7.1%. This means that people pay 7.1% of their income for energy, water, internet, and mobile charges. Those figures can range from 3.5% to 12% depending on salary and location.

Published: October 25, 2024   Last Update: April 23, 2025



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