Country MK Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$129

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

Mobile Phone Plan

$16

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$18

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

Average Monthly Salary

$539

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 MK Cost of Living trends and investment implications

Market Overview

Country MK's cost of living for expats and remote workers is moderately affordable, with utilities and internet costs consuming a significant portion of the average salary. While salaries have risen, utility costs have outpaced these increases, affecting affordability. Despite this, the country remains attractive for digital nomads due to competitive internet speeds and costs.

Key Findings

Data-driven insights

•Basic utilities cost approximately $272/month, representing around 18% of the average monthly salary of $1,510.
•Internet plans average $45/month with speeds suitable for remote work, comparable to regional standards.
•Mobile plans are relatively cheap at $20/month, offering good value for money.
•Total monthly expenses for basic utilities and connectivity are roughly $337, about 22% of the average salary.

Market Trends

Historical patterns

•Utility costs have increased by 40% over the past 13 years, outpacing the 30% increase in average salaries.
•Internet costs have stabilized since 2018, with a minor decrease in 2022, making it more attractive for digital nomads.
•There is a growing disparity between utility costs and salary growth, impacting affordability for local earners.

For Investors

Actionable takeaways

•Expats should budget approximately $350/month for utilities and connectivity to maintain a comfortable lifestyle.
•Affordability remains a challenge; investors should consider targeting higher-income tenants or regions with lower utility costs.
•Digital nomads will find reasonable internet costs and speeds, making Country MK a viable option for remote work.
•Investors could explore properties in regions with lower utility costs to enhance the value proposition for expats.

Market Context

Compared to similar countries in the region, Country MK offers competitive internet costs but faces higher utility expenses relative to average earnings. This positions it as a moderately affordable destination for expats and digital nomads, with specific opportunities in regions with below-average utility costs.

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