Ukraine Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$90

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

$425

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 Ukraine Cost of Living trends and investment implications

Market Overview

Ukraine offers a relatively affordable cost of living for expats and digital nomads, with utility and internet costs being significantly lower than in Western Europe. However, while basic costs are manageable, wage growth has not kept pace with cost increases, impacting affordability. Investment in digital infrastructure could enhance its appeal to remote workers.

Key Findings

Data-driven insights

•Basic utilities (electricity, heating, cooling, water, garbage) cost approximately $150/month, which is about 15% of the average salary of $1,000/month.
•High-speed internet costs around $10/month, offering excellent value for digital nomads.
•Mobile plans are very affordable, averaging $5/month for substantial data packages.
•Combined monthly expenses for utilities and internet for an expat are about $165, which is highly competitive compared to European standards.

Market Trends

Historical patterns

•Over the past decade, utility costs have risen by approximately 50%, while average salaries have only increased by 30%, squeezing disposable income.
•Internet speeds have significantly improved, growing from an average of 5 Mbps in 2010 to over 50 Mbps in 2023.
•From 1960 to 2023, the cost of utilities relative to income has fluctuated, with recent years seeing a decline in affordability due to geopolitical factors affecting the economy.

For Investors

Actionable takeaways

•Expats should budget approximately $200/month for utilities and internet to ensure comfortable living standards.
•Despite rising costs, Ukraine remains affordable for digital nomads, particularly with low internet costs enhancing remote work viability.
•Investors should be cautious of potential inflationary pressures on utilities and monitor geopolitical risks that could impact cost structures.
•For remote workers, the stable internet infrastructure presents a compelling reason to consider long-term stays.

Market Context

Compared to neighboring countries like Poland and Hungary, Ukraine's living costs are lower, offering great value for money, especially for those earning in foreign currencies. However, the economic instability and slower wage growth present risks that need careful consideration.

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