Cost Of Living For a Student in Fier 2025
Average Monthly Expenditure
Currency: ALL
Average monthly spending for students in Fier
How much money does a student need in a month to survive in Fier?
Students in Fier spend around 140,000 ALL per month on average. Depending on the lifestyle, a student can survive with a monthly budget as low as 21,000 ALL or as high as 940,000 ALL. Location is a very important factor and has a huge influence on expenditure and budget.
Prices and cost of goods and services in Fier
Dining, food, and beverages costs
Fast food combo meal
Restaurant meal for one
960 ALL | 1,400 ALL | 2,900 ALL |
Fine dining meal for one
1,900 ALL | 2,900 ALL | 11,000 ALL |
Cappuccino or latte
Grocery and market costs
Milk large bottle
12 eggs
Fresh whole chicken
Pack of beef
380 ALL | 570 ALL | 1,100 ALL |
Medium bag of rice
Bag of tomatos
Bag of apples
Commute, travel, and transportation costs
20 minutes taxi ride
Average car full tank
1,400 ALL | 1,900 ALL | 3,800 ALL |
Average car 1-day rental
1,400 ALL | 1,900 ALL | 2,900 ALL |
Average car price
720,000 ALL | 1.4M ALL | 1.9M ALL |
Bus ticket one way
Car Service
1,900 ALL | 2,900 ALL | 5,700 ALL |
Utility cost (monthly)
Utility Bill - Student
860 ALL | 5,700 ALL | 38,000 ALL |
Internet and cable
1,400 ALL | 2,900 ALL | 3,800 ALL |
Mobile phone charges
1,100 ALL | 1,900 ALL | 5,700 ALL |
Leisure and activities costs
Movie ticket
720 ALL | 960 ALL | 1,400 ALL |
One month gym membership
2,300 ALL | 2,900 ALL | 5,700 ALL |
Cloths and accessories costs
Pair of jeans or pants
1,700 ALL | 2,400 ALL | 3,600 ALL |
Woman dress
1,600 ALL | 2,200 ALL | 7,200 ALL |
Woman shoes
1,500 ALL | 2,000 ALL | 4,800 ALL |
Men's shoes
1,300 ALL | 1,600 ALL | 3,200 ALL |
Men suit
1,400 ALL | 1,800 ALL | 9,600 ALL |
Regular t-shirt
720 ALL | 960 ALL | 2,900 ALL |
Housing costs / monthly rent
Studio apartment
24,000 ALL | 36,000 ALL | 96,000 ALL |
1-bedroom apartment
36,000 ALL | 57,000 ALL | 140,000 ALL |
2-bedroom apartment
48,000 ALL | 72,000 ALL | 190,000 ALL |
Housing costs / Buying
Studio apartment
4.8M ALL | 7.2M ALL | 14M ALL |
1-bedroom apartment
5.7M ALL | 9.6M ALL | 36M ALL |
$60,000 | $100,000 | $370,000 |
2-bedroom apartment
$100,000 | $300,000 | $600,000 |
Furniture Costs
King Size Bed
29,000 ALL | 36,000 ALL | 48,000 ALL |
Double Bed
19,000 ALL | 29,000 ALL | 36,000 ALL |
Single Bed
17,000 ALL | 22,000 ALL | 29,000 ALL |
Living Room
32,000 ALL | 41,000 ALL | 140,000 ALL |
Dining Table
14,000 ALL | 19,000 ALL | 36,000 ALL |
Sofa or Couch
19,000 ALL | 26,000 ALL | 57,000 ALL |
Electronics and House Appliance Costs
TV Set
19,000 ALL | 29,000 ALL | 57,000 ALL |
Fridge or Freezer
17,000 ALL | 26,000 ALL | 36,000 ALL |
Washing Machine
22,000 ALL | 32,000 ALL | 57,000 ALL |
Stove or Cooker
20,000 ALL | 26,000 ALL | 36,000 ALL |
Mobile Phone
24,000 ALL | 29,000 ALL | 41,000 ALL |
Laptop or Computer
26,000 ALL | 32,000 ALL | 57,000 ALL |
How do students spend their money in Fier?
We asked thousands of students about their spending habits and expenditure break down.
Housing and accomodation expenditure for students
Accomodation Cost17%
17% of total expenses on average (12% to 23%)
LOW | $54 5,200 ALL |
AVERAGE | $350 34,000 ALL |
HIGH | $2,400 230,000 ALL |
| Per Month |
Students in Fier typically spend from 12% to 23% of their total monthly expenditure on housing with 17% being the average. The average monthly spend on housing is 34,000 ALL with expenditure ranging from 5,200 ALL to 230,000 ALL. This cost mainly goes for rent but it also includes other accommodation-related expenses.
Electricity, utilities, energy, water, internet, and mobile expenditure for students
Cost of utilities7%
7% of total expenses on average (5% to 11%)
LOW | $9 860 ALL |
AVERAGE | $59 5,700 ALL |
HIGH | $390 38,000 ALL |
| Per Month |
Utility expenditure like electricity, water, and gas in Fier ranges from 5% to 11% of total expenses with 7% being the average for most students. The average monthly cost of utilities is 5,700 ALL with 860 ALL and 38,000 ALL being the upper and lower limits for a student of four.
Transport, fuel, and commute expenditure for students
Cost of transport and fuel4%
4% of total expenses on average (4% to 10%)
LOW | $16 1,500 ALL |
AVERAGE | $100 9,900 ALL |
HIGH | $690 66,000 ALL |
| Per Month |
Fuel consumption and cost of transport depend heavily on whether a student resides near school and work, but roughly speaking a student would expect to spend from 1,500 ALL to 66,000 ALL in a month on commuting with 9,900 ALL being the norm for most students. This means that money spent on transport constitutes about 4% of total spending on average but can go as low as 4% or as high as 10%.
Food, groceries, and basic shopping expenditure for students
Food and Groceries Cost23%
23% of total expenses on average (17% to 27%)
LOW | $45 4,300 ALL |
AVERAGE | $300 28,000 ALL |
HIGH | $2,000 190,000 ALL |
| Per Month |
The average outlay on groceries and basic houshold items for a typical student in a month in Fier is 28,000 ALL. The cost of groceries can range between 4,300 ALL to 190,000 ALL. Students spend on average about 23% on food and groceries with upper and lower bounds of 17% and 27% respectively.
Healthcare and medical services expenditure for students
Cost of healthcare9%
9% of total expenses on average (6% to 12%)
LOW | $13 1,300 ALL |
AVERAGE | $89 8,500 ALL |
HIGH | $590 57,000 ALL |
| Per Month |
Students in Fier allocate 6% to 12% 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 9%. The range of medical expenses range from 1,300 ALL to 57,000 ALL with 8,500 ALL being the norm for most students.
Leisure and shopping expenditure for students
Cost of leisure and shopping2%
2% of total expenses on average (2% to 6%)
LOW | $11 1,100 ALL |
AVERAGE | $74 7,100 ALL |
HIGH | $490 47,000 ALL |
| 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 1,100 ALL to 47,000 ALL with 7,100 ALL being the average. Speaking of percentages, that equates to 2% to 6% of total expenses with an average of 2% for most students.
Education and schooling expenditure for students
Cost of education and schooling18%
18% of total expenses on average (11% to 23%)
LOW | $43 4,100 ALL |
AVERAGE | $280 27,000 ALL |
HIGH | $1,900 180,000 ALL |
| Per Month |
Spending on education can vary drastically between different students. On average, education constitutes 18% of the monthly expenditure of students with 11% and 23% being the lower and upper bounds respectively. The average reported education cost is 27,000 ALL per month with 4,100 ALL being the minimum spent amount and 180,000 ALL being the maximum.
Other Expenses19%
19% of total expenses on average (13% to 25%)
LOW | $34 3,200 ALL |
AVERAGE | $220 21,000 ALL |
HIGH | $1,500 140,000 ALL |
| Per Month |
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.
Affordable living in Fier
Income and cost of living compatibility
We asked students one simple question and recorded their answers.
Is it affordable or economical to live in Fier?
Around 57% of surveyed students think that living in Fier is affordable with proper budgeting while 43% reported that it is just too expensive and not affordable even with frugality and thriftness.
Low-cost alternatives in Fier
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 students how easily cost-cutting is and the answers were distributed as follows:
Plenty of low-cost options55%
Few low-cost options45%
Based on the survey, 55% of the students living in Fier have no problem finding low-cost alternatives to support a frugal lifestyle while 45% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.
Emergency Funds For Students
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 students of Fier whether they have an emergency fund and the answers were as follows.
Yes57%
No43%
Based on the survey, 43% of the students living in Fier said that they don't have an emergency fund while 57% said that they do.
Financial Literacy in Albania
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 Leteracy55%
We asked student guardians and parents in Fier whether they acquired any adequate personal financial training in their lives. Approximately 45% 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 55% 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 students of Albania have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 36% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 64% said that they have everything under control.
Struggles with finance36%
Easily manages finances64%
Housing costs, accommodation, and housing affordability in Fier
Rental costs and house/apartment prices can vary drastically between different areas and locations.
Rent Cost in Fier
Monthly Rent Prices
Studio apartment monthly rent cost
24,000 ALL | 36,000 ALL | 96,000 ALL |
1-bedroom apartment monthly rent cost
36,000 ALL | 57,000 ALL | 140,000 ALL |
2-bedroom apartment monthly rent cost
48,000 ALL | 72,000 ALL | 190,000 ALL |
3-bedroom apartment monthly rent cost
57,000 ALL | 96,000 ALL | 260,000 ALL |
Furnished apartment monthly rent cost
110,000 ALL | 290,000 ALL | 570,000 ALL |
Townhouse monthly rent cost
96,000 ALL | 140,000 ALL | 410,000 ALL |
House monthly rent cost
110,000 ALL | 290,000 ALL | 570,000 ALL |
Villa monthly rent cost
140,000 ALL | 360,000 ALL | 570,000 ALL |
The monthly rental cost of a studio apartment in Fier ranges between 24,000 ALL and 96,000 ALL, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 36,000 ALL to 140,000 ALL. Two-bedroom rentals rate ranges between 48,000 ALL and 190,000 ALL per month. The monthly rental for a three-bedroom apartment ranges from 57,000 ALL to 260,000 ALL. The average rent of a townhouse in Fier is around 140,000 ALL while house rental costs can be as high as 290,000 ALL per month. Finally, if you want to rent a villa, expect to pay anywhere from 140,000 ALL to 570,000 ALL per month.
Apartment and house prices in Fier
Cost of buying a property
Studio apartment price
4.8M ALL | 7.2M ALL | 14M ALL |
1-bedroom apartment price
5.7M ALL | 9.6M ALL | 36M ALL |
$60,000 | $100,000 | $370,000 |
2-bedroom apartment price
$100,000 | $300,000 | $600,000 |
3-bedroom apartment price
Townhouse price
$430,000 | $1,000,000 | $3.7M |
House price
48M ALL | 290M ALL | 410M ALL |
Villa price
57M ALL | 320M ALL | 480M ALL |
The average price of a studio apartment in Fier can range from 4.8M ALL to 14M ALL depending on location. One bedroom cost can be anywhere from 5.7M ALL to 36M ALL. A villa can cost you 320M ALL on average with prices ranging from 57M ALL to 480M ALL.
If you're leasing or purchasing, housing costs in Fier 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
31 | x86 monthly income | 185 |
Property prices in Fier can be x86 to x185 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x86 multiples of the average monthly salary in Fier.
Rent to income ratio
Rent to income ratio
( monthly rental / monthly income ) x 100
The average rent-to-income ratio in Fier is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 18% to 37% 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
25% 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.
430 ALL | 5,600 ALL | 56,000 ALL |
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 Fier
Utilities expenditure can vary slightly between different areas and locations.
Energy, electricity, water, gas, internet, and mobile cost in Fier
Utility Bill Cost / Electricity + Water + Gas / Student
860 ALL | 5,700 ALL | 38,000 ALL |
Internet and cable cost
1,400 ALL | 2,900 ALL | 3,800 ALL |
Mobile phone bill and charges
1,100 ALL | 1,900 ALL | 5,700 ALL |
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 students is around 5,700 ALL. The cost of internet and WiFi ranges from 1,400 ALL to 3,800 ALL with 2,900 ALL being the average internet bill. Finally, the average monthly mobile charges is around 1,900 ALL but can range between 1,100 ALL and 5,700 ALL 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
The average utility-to-income ratio in Fier is around 5.7%. This means that people pay 5.7% of their income for energy, water, internet, and mobile charges. Those figures can range from 2.9% to 9.6% depending on salary and location.
Food Prices, Dining Expenses, and Grocery Costs in Fier
Grocery / Food expenditure and prices can vary drastically between different areas and locations.
Prices and cost of goods and services in Fier
Dining out, food, and beverages costs. Price variations for common food items.
Fast food combo meal price
The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Fier is approximatly 570 ALL with meal cost ranging from 290 ALL to 960 ALL. The typical combo meal consists of a burger, french fries, and a drink.
Restaurant meal for one price
960 ALL | 1,400 ALL | 2,900 ALL |
If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 960 ALL and 2,900 ALL with 1,400 ALL being the average price of a plate for one person at a regular restaurant in Fier.
Fine dining meal for one price
1,900 ALL | 2,900 ALL | 11,000 ALL |
The price range of a meal at fine-dining restaurant is 1,900 ALL to 11,000 ALL with the average cost being 2,900 ALL for one person. This is what you would expect to pay a top-tier diner in Fier.
Beverage prices, cappuccino, latte etc..
The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Fier is around 380 ALL. Price ranges between 240 ALL and 570 ALL depending on the type of beverage, the size, and optional add-ons.
Grocery and market costs
Large bottle of milk price
The average price of a large bottle of milk in Fier is 230 ALL. The maximum what you would pay for milk is 290 ALL and the minimum being 190 ALL depending on the brand of milk and other properties.
12 eggs price
A dozen eggs costs around 190 ALL on average with 140 ALL and 290 ALL being the lower and upper limits respectively.
Fresh whole chicken price
The price range of a fresh whole chicken in Fier is between 330 ALL and 600 ALL depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 420 ALL.
Pack of beef price
380 ALL | 570 ALL | 1,100 ALL |
The price of a regular pack of beef or meat is around 570 ALL. A pack of beef contains around 1Kg or 1lb depending on packing.
Medium bag of rice price
A bag of rice in Fier costs around 210 ALL on average with prices rangeing between 150 ALL and 300 ALL depending on the brand and quality.
Bag of tomatos price
A bag of tomatoes costs anywhere from 57 ALL to 140 ALL. A bag of tomatoes denotes 1Kg or 1lb depending on location.
Bag of apples price
A bag of apples costs 130 ALL 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
The average grocery-to-income ratio in Fier is around 26%. This means that students spend 26% of their income on grocery and basic household items. The expenditure can range from 18% to 32% depending on salary and location.
Expenditure on food and grocery for students
Students' spending on grocery ranges from 4,300 ALL to 190,000 ALL with the location, income, and size of the student being the most determinite factors.