When searching for a good place to move to, it’s important to consider the cost of living in that area. One of the most simple ways to do this is by just looking up the cost of living on a website like Numbeo. In this blog post, we’ll break down some of the costs you can expect when moving from your home country, the US to Serbia.
Brief History of Serbia
Serbia, officially the Republic of Serbia, is a country located in southeastern Europe. The country has a land area of 29,381 square kilometers and a population of 7.27 million. Serbia became an independent state in 1804 after being part of the Ottoman Empire for centuries. From 1878 to 1918, Serbia was part of the Austro-Hungarian Empire. Following World War I and the breakup of the Austro-Hungarian Empire, Serbia became an independent republic in 1922.
Serbia is a member state of the United Nations, European Union, and NATO. The official language of Serbia is Serbian, although there are several other languages spoken in the country. The economy of Serbia is predominantly agricultural, with significant industrial production in pharmaceuticals and chemicals. The currency of Serbia is the Serbian dinar.
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Benefits of Living in Serbia
Living in Serbia can be a great way to enjoy the many benefits of the country. Some of these benefits include:
- Low Cost of Living
When compared to other European countries, living in Serbia is relatively affordable. This is due in part to the fact that the country has low taxes and a stable economy. Additionally, housing is relatively affordable and food is relatively cheap.
- Quality of Life
Serbia has a high quality of life, thanks in part to its many natural resources and beautiful scenery. The country has a well-developed infrastructure and is home to many world-class tourist destinations.
- Friendly People
The people of Serbia are friendly and welcoming, which makes it easy to socialize and make new friends. This atmosphere makes Serbia a great place to live and work.
- Cultural Diversity
Serbia has a rich cultural heritage that is reflected in its architecture, cuisine, and entertainment options. This diversity makes Serbia an exciting place to live and explore.
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Gross Domestic Product of Serbia
The Gross Domestic Product (GDP) in Serbia was $48.7 billion in 2016. This represented a 0.8% increase from the 2015 value of $48.5 billion. The GDP per capita was $14,986 in 2016, which was lower than the 2015 value of $14,995.
The largest contributors to the GDP in Serbia were industry (22.2%), services (21.1%), and agriculture (13.3%). The agricultural sector accounted for a larger proportion of GDP in Serbia than any other sector, with its share rising from 12% in 1990 to 13.3% in 2016.
The average monthly wage in Serbia was €590 in 2016, which represented a 1% increase from the 2015 value of €587. The unemployment rate in Serbia was 2.8% in 2016, which was lower than the 2015 value of 3%.
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Different Costs of Living in Serbia
Cost of Feeding
When looking for information on the cost of living in Serbia, it is important to keep in mind the different costs associated with food. The following are general estimates of how much it costs to feed a single person in Serbia:
- Basic food costs: around $3/day
- Grocery costs: around $10/week
- Restaurant meals: around $8/meal
The prices quoted above are based on a single person and may be higher or lower depending on the specific location and cuisine involved. It is also worth noting that these figures do not include necessary expenses such as transportation or utility bills. To maintain a relatively comfortable standard of living, it is usually necessary to bring in an additional $20-$30 per month.
Cost of Transportation
In Serbia, public transportation is very affordable. The cost of a single ticket ranges from 2 to 3 euros, and a monthly pass costs about 10 euros. However, taxis are quite expensive. A taxi ride from the city center to the airport will cost around 30 euros.
Buses are also reasonably priced, but they can get crowded during peak hours. If you’re traveling during off-peak hours or on weekends, bus travel can be considerably cheaper.
Overall, transportation in Serbia is relatively affordable when compared to other European countries. However, taxi fares can be quite high, so it’s important to do your research before making a decision.
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The cost of utilities in Serbia can be expensive, especially if you are using more than the average amount. The cost of electricity and water are both high, but they are not the only costs. The cost of gasoline is also high and it can be difficult to find cheaper rates.
The cost of living in Serbia is high, but it is not the only expense you will have to pay. Utilities, such as electricity and water, can be expensive. Additionally, gasoline is expensive in Serbia. This can make it difficult to save money.
The following table provides a summary of the approximate monthly cost of utilities in Serbia.
- Utility Cost (€)
- Electricity €50.00
- Gasoline €4.50
- Water €5.50
- Cable/Satellite TV €30.00
The monthly cost for utilities in Serbia is €85.00
Cost of Insurance
The average monthly premiums for a basic life insurance policy in Serbia amount to €27.92, according to the World Bank. This is an increase from €25.72 in 2010. However, the cost of health insurance has decreased over the past five years, from €69.48 in 2009 to €61.30 last year, according to research by the World Bank.
Property and casualty insurance premiums in Serbia are also high when compared to other European countries at €54.64 per month on average, according to the World Bank. However, rates vary depending on the type of policy you choose as well as your location.
Cost of Accommodation
Living in Serbia can be quite expensive, especially if you are looking for luxury accommodation. In this article, we will discuss the different types of accommodation that can be found in Serbia and the associated costs.
The cheapest option for accommodation is to find a room on Airbnb or similar short-term rental websites. This can cost around €25 per night. More expensive options include traditional hotels, which can cost around €60 per night. However, you may be able to find deals online or during promotional periods.
If you are looking for longer-term accommodation, then you may need to consider renting an apartment or house. Properties can cost anywhere from €150 per month to €1,000 per month. It is also worth noting that some apartments require a security deposit, which can range from €300 to €1,500
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Serbia is a country that has seen a lot of change in recent years. With progress comes increased costs, and while it’s not the cheapest place to live on Earth, Serbia still offers many affordable options for those who are looking to relocate there.