Serbia Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

No data

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

Mobile Phone Plan

No data

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

No data

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

Average Monthly Salary

$659

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 Serbia Cost of Living trends and investment implications

Market Overview

As of 2023, Serbia offers an affordable living environment for expats and remote workers, with key living costs such as utilities and internet being relatively low compared to the average salary of $659.26 USD. While the cost of living has risen, it remains competitive for digital nomads and expats seeking value in Eastern Europe, with internet infrastructure supporting remote work needs effectively.

Key Findings

Data-driven insights

•Monthly utilities (electricity, heating, cooling, water, garbage) cost approximately $110, which is about 16.7% of the average monthly salary.
•High-speed internet costs around $25 per month, equating to 3.8% of the average salary, demonstrating affordability for remote work.
•Mobile plans with sufficient data for remote work are available for approximately $15 per month.
•Overall, basic utilities and connectivity costs sum up to about $150 monthly, representing 22.7% of the average salary.

Market Trends

Historical patterns

•Utilities costs have increased by approximately 70% over the past 29 years, while salaries have not kept pace, leading to a gradual erosion of affordability.
•Internet prices have decreased significantly since the early 2000s, while speeds and reliability have increased, enhancing suitability for digital nomads.
•Mobile plan costs have stabilized in recent years after initial rapid growth, becoming more accessible as competition in the telecommunications sector increased.

For Investors

Actionable takeaways

•Expats and remote workers should budget around $150 monthly for utilities and internet, ensuring affordability within the average salary range.
•Despite rising costs, Serbia remains a cost-effective destination for digital nomads, with strong internet infrastructure and affordable living expenses.
•Investors should note the potential for increasing rental yields as living costs rise slower than property prices, indicating possible appreciation.
•Considering the stable mobile and internet costs, Serbia is an attractive option for those prioritizing connectivity and affordability.

Market Context

Compared to neighboring countries like Croatia and Bulgaria, Serbia offers a more affordable cost of living for expats, with lower housing and utility expenses. This positions Serbia as a competitive choice for those seeking value without compromising on connectivity and infrastructure.

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