How Much Does It Cost to Live In Albania?
Having in mind the fact that nowadays Albania has turned into a wanted destination being a relatively cheap country, a very frequently asked question is what the cost of living is in Albania.
People are interested in this since Albania is considered a very affordable country both for tourists and those who want to start living there.
However, the real question is whether earning a wage in Albania would be enough to cover all the costs.
Albania is a country where the prices are considered high due to the fact that the locals’ salary is low.Cost of Living Index:
Albania : Cost of Living by City
When it comes to restaurants, they are definitely cheaper than in most of the other countries in the world that it can be said that you will save much money in Albania.
You can enjoy your cappuccino for just 1.27$ or have a decent meal for 5.52$.
Eating out more than twice a week would not affect your budget too much.
Unlike those who frequently visit restaurants, there are people who love cooking, so they will probably need to get some food from the market, so as to be able to make a meal.
Fruit and vegetables are not expensive at all, and you can have a nice bottle of wine with your dinner for just 5.69$.
Even though you can save some money on food, you will have to be careful when transportation is in question.
Buying a car can be very expensive, and gas prices are 6.10$ per gallon.
Still, you can use public transportation which is inexpensive, especially a monthly ticket which can be found at the price of 11$.
Utilities prices vary from 60-80$ a month, including electricity which is measured per kilowatt hour, central heating, water and garbage.
The high-speed Internet is often less 20$ per month.
For those who want to use a cell phone, they will have to pay 0.22$ per minute, which is not considered too high.
SPORTS & LEISURE
As in most of the countries, sports people will need to give a little bit more money, so as to fulfill their desires.
Fitness centers usually cost from 27.62 to 41.42$ per month while tennis courts are even more expensive with prices going up to 13$ per hour.
CLOTHING & SHOES
How much one can spend on clothes is an individual thing, but the prices in Albania are more than reasonable when it comes to designers clothes.
Quality shoes and jeans do not reach 100$, while dresses can be found at the price of just 20$.
RENT PER MONTH
Depending on whether you are living alone or with a family, the costs of renting a flat in Albania vary.
A studio apartment for one or two people can be around 150-250 $ monthly, while a family will need to pay higher price for a bigger flat.
The location of the flat also plays an important role, as those away from city centers are always cheaper.
Cost of Living Averages Table for Albania
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$5.52|
|Domestic Beer (0.5 Liter)||$1.38|
|Water (0.33 Liter)||$0.55||Average Market Prices|
|Milk (1 Liter)||$4.12|
|Loaf Bread (500g)||$0.51|
|Eggs (12)||$1.60||Average Transport Prices|
|One Way Ticket||$0.37|
|Gasoline||$6.10||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$72.62|
|1 min. of Prepaid Mobile Tariff Local||$0.22|
|Internet (Unlimited Data, Cable/ADSL)||$21.90||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$31.06|
|Tennis Court Rent (1 Hour)||$7.32|
|Cinema, 1 Seat, International Release||$4.60||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$52.55|
|1 Summer Dress in a Chain Store (Zara, etc...)||$35.33|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$79.84||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$279.84|
|Apartment (1 bedroom) Outside of Center||$168.51|
|Apartment (3 bedrooms) in City Center||$515.30|
How Does the Average Person Spend Their Money in Albania?
According to the data provided, it can be said that buying food in markets, renting a flat and paying for transportation are the costs that take the most money.
When it comes to utilities, they need to be paid, no matter whether we want to pay them or not.
Also, people in Albania spend great amount of money in restaurants, being that for those living alone, it is more profitable eating out than buying groceries and preparing meals at home.
It is interesting that more money is spent on sports and leisure, than on clothes, which take the last place on the scale.
Albania: Average Salary, Minimum Wage & Mortgages
Minimum wage in Albania is 216$ and it is so low that cannot cover the basic needs.
Albania is in 66th place among the countries with the lowest minimum salary in the world and rare are the people who can afford a mortgage interest rate of 5.82% per year.
All in all, you can survive a month with 600 $ a month in Albania if you are used to a modest lifestyle.
However, for those who look for more comfortable living conditions 700 $ a month would not be enough.
Cost of Living by City in Albania
|City||Cost of Living Index|