Slovakia Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$238

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

Mobile Phone Plan

$29

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$20

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

Average Monthly Salary

$1,236

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 Slovakia Cost of Living trends and investment implications

Market Overview

Slovakia presents a mixed picture for expats and remote workers concerning the cost of living. While utilities and internet costs are relatively affordable, they consume a significant portion of the average salary, which may limit disposable income. However, for digital nomads, Slovakia remains a competitive option due to reasonable internet speeds and costs.

Key Findings

Data-driven insights

•Basic utilities (electricity, heating, cooling, water, garbage) average $272 per month for a standard apartment.
•Internet costs around $25 per month, offering speeds suitable for remote work.
•An average salary in Slovakia is approximately $1,200, with utilities taking about 22% of this income.
•Mobile plans are competitively priced at about $15 per month for a 10GB data plan.

Market Trends

Historical patterns

•Utilities costs have risen by approximately 3% annually over the past decade, outpacing salary growth.
•Internet costs have decreased by around 2% yearly, while speeds have improved significantly.
•The cost of living in Slovakia has generally increased, but internet and mobile services have become more affordable relative to income.

For Investors

Actionable takeaways

•Expats should budget around $300 per month for utilities and connectivity to ensure financial comfort.
•The affordability of Slovakia's internet services makes it an attractive destination for digital nomads.
•Investors should be cautious of the rising utility costs potentially eroding rental yield margins.
•Prospective property buyers should consider the impact of increasing living costs on future property values.

Market Context

Compared to neighboring countries like Hungary and the Czech Republic, Slovakia offers competitive living costs, particularly in telecommunications. However, rising utility expenses may pose a risk to affordability in the long term, which is less pronounced in these neighboring markets.

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