How Much Does It Cost to Live in Podgorica, Montenegro?

Podgorica is a small city located in Montenegro with a metropolitan area population of 185,937. A couple could live a moderate lifestyle in Podgorica on a budget of $1,377 per month, or $16,519 per year.

Cost of Living in Podgorica, Montenegro

As noted above, the cost of living in Podgorica, Montenegro is $1,377 per month for a couple living a moderate lifestyle. This budget consists of $654 for housing related costs, $321 for food, and $402 for other costs, all of which will be broken down below.


  • A one-bedroom apartment in the city center of Podgorica is estimated to cost $470
  • Basic utilities including electricity, water, and gas will run about $151
  • High-speed internet averages $34


  • Typical grocery costs of $234 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
  • Alcohol including beer and wine for moderate home consumption costs about $45
  • Frequent coffees in a neighborhood café are estimated to be about $42


  • Meals out are estimated to be $210 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
  • Transportation costs of $73 for public transport passes and occasional taxis
  • Fitness center memberships of $90
  • Cinema tickets of $29 include several outings for international releases

Note that Podgorica, Montenegro is a very walkable city with a Walk Score of 85/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.

Amount of Money Needed to Retire in Podgorica, Montenegro

Many people searching the internet for the cost of living in Podgorica, Montenegro are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.

The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $412,977 to live a moderate lifestyle in Podgorica, Montenegro.

Annual expenses of $16,519 ÷ 4% = $412,977 portfolio needed.

Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.


Overall, the cost of living in Podgorica, Montenegro is affordable coming in at $1,377 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $412,977.