The average and minimum salary in Montenegro are useful figures for those considering moving, working or investing in this Southern European nation
Are you considering to relocate to Montenegro? The average and minimum salary in Montenegro will help you to understand labor costs and salaries in one of the youngest European countries.
Wages in Montenegro are among the lowest in Europe, however the country’s economy is showing good signs of improvement. Let’s analyse below the salaries in the country.
Minimum Salary in Montenegro
Montenegro has a pretty low minimum salary for European standards. The current minimum salary in Montenegro is of just 193 euros, or slight more than 200 dollars. The country uses the Euro currency, even if it is not part of the European Union.
In the Balkan region, Montenegro has very similar salaries to its neighbors, especially to those of Serbia and Bosnia. Even if the minimum salary is pretty low in Montenegro, the cost of living is quite elevated considering the salaries and the living standards.
Average Salary in Montenegro
The average salaries in Montenegro vary considerably. Despite being a quite small country in geographic and population terms, Montenegro has different economic realities.
The coast of Montenegro is especially wealthy, as it is one of the main European destinations. The country’s capital Podgorica, has considerably higher salaries than the countryside (despite not being on the coast).
The average salary in Podgorica, Montenegro is slighty above 500 dollars per month. These figures also apply to the seaside. In the countryside, in cities like Niksic, salaries are lower.
Montenegro Economic Outlook
Montenegro offers many opportunities for expats, especially those willing to invest in tourism and real estate. Tourism in the country is growing year after year, and the country’s infrastructure is also showing important signs of improvements.
Montenegro is also a great place to retire, as its low cost of living for Western European standards make of it an affordable country. Its geographical location also boosts the local tourism, and the immigration of investors and retirees. Check our post on retiring in Montenegro for more information.
If you are planning to visit Montenegro, check where to stay in Montenegro here.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world. It might be a good option if you going for a long travel.
Our Flight Search Tool: Compare and book flights around the world with our own flight search fare tool.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world. Travel always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.