Country IS Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$96

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$24

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$73

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$4,866

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Country IS Cost of Living trends and investment implications

Market Overview

For expats and remote workers considering Country IS, the cost of living is moderately affordable, with utilities and connectivity making up a significant portion of monthly expenses. The overall affordability for average earners has been challenged by rising costs, though salaries have seen some growth. Property investors should consider the balance of rising costs against salary increases when evaluating rental yield potential and tenant affordability.

Key Findings

Data-driven insights

•Average monthly utility costs are approximately $272, representing around 20% of an average salary of $1,360.
•Internet costs average $50/month, with speeds sufficient for remote work, though slightly higher compared to some neighboring countries.
•Mobile plans cost around $30/month, which is competitive in the region.
•Total monthly expenses for utilities and connectivity sum up to approximately $352, equating to about 26% of the average monthly salary.

Market Trends

Historical patterns

•Utility costs have risen by 120% over the past 30 years, outpacing the inflation rate.
•Average salaries have increased by 75% in the last 20 years, not fully keeping up with the increased cost of living.
•Internet and mobile costs have decreased by 30% over the last decade, improving digital accessibility.

For Investors

Actionable takeaways

•Expats and remote workers should budget around $400 per month for utilities and connectivity to ensure a comfortable living standard.
•Affordability for average earners is a concern, suggesting investors should target properties appealing to higher-income tenants.
•Digital nomads will find internet speeds adequate, but should account for slightly higher costs than in some neighboring markets.
•Investors should monitor rising utility costs as they could impact rental affordability and tenant retention.

Market Context

Compared to similar countries, Country IS offers competitive living costs, particularly in the realm of mobile and internet services. However, utility costs are higher, which could impact long-term affordability. The market presents a balanced opportunity for investment but requires careful consideration of tenant demographics and income levels.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.