Cost of living in the Serbia
If you're planning on relocating from Canada to the Serbia it’s important to build a realistic budget based on the cost of living in your chosen destination. The cost of everyday life, from rent and utilities, to childcare and education, tax and other unavoidable costs, can vary enormously based on market forces, the strength of the local economy and government policies.
Read on as we explore key information about the differences in cost of living between the Serbia & Canada, focusing on everything from the costs of food, healthcare, entertainment and more.
What contributes to the cost of living between the Serbia & Canada?
In this guide we look at differences in cost of living between the Serbia & Canada, so you can start to build up a budget to cover your costs when you relocate. Cost of living is highly personalised, and can depend on the things you like to do, food you like to eat, type of home you want to live in, and so on. Naturally, living in a new country with a family, paying for a larger property, education and healthcare, would cost significantly more than an international student looking only to cover basic expenses during a relatively short term stay.
To help you plan your spending we’ve covered different common expenses in the Serbia such as transport, healthcare, childcare and entertainment. Read on for more detail on each.
Pro tip: Use our international payment comparison tools to work out the best options for you to send international payments to and from the Serbia & Canada with low fees and great rates.
Is the Serbia expensive?
Based on data from Numbeo, the cost of living in the Serbia is 35.2% lower vs Canada when you take into account daily spending without rent.
Once you include rent into your calculations, the cost of living in the Serbia is 41.8% lower vs Canada.
If you look just at rent, the cost of rent in the Serbia is 58.1% lower than Canada.
Your own exact cost of living will depend on many different factors including your lifestyle, hobbies and even health - this guide can help you build up your own budget to live comfortably in your new home.
Wise account
- Receive payments with local account details in 10 currencies
- Hold and exchange 40+ currencies
- Send money quickly to accounts in 160+ countries
- No minimum balance requirement
Transport in the Serbia
Getting around will be an important cost to consider when living in the Serbia. Whether you’re commuting to work, getting to school or travelling for pleasure, the costs of transport can vary widely from country to country, based on fuel and vehicle prices, and the availability of public transport, taxis, and ride hailing services.
| Transport | Canada | Serbia | % difference |
|---|---|---|---|
| One way ticket (local transport) | $3.5 (Дин.261) | $1 (Дин.74) | -71.4% |
| Monthly pass (local transport) | $105 (Дин.7,817) | $30.7 (Дин.2,286) | -70.8% |
| Taxi start | $4.5 (Дин.335) | $2.7 (Дин.201) | -41.1% |
| Taxi (1km) | $2.2 (Дин.164) | $1.3 (Дин.97) | -38.8% |
| Taxi (1 hour waiting) | $38.9 (Дин.2,896) | $16 (Дин.1,191) | -58.9% |
| Gas (1 Litre) | $1.6 (Дин.119) | $2.5 (Дин.186) | 54.8% |
Utilities (monthly) in the Serbia
No matter where you choose to live in the Serbia you’ll need to pay utility bills for electricity, gas, water and other similar services. Utility costs are often dictated, or capped, by government policies, as well as market forces, which can mean that what you pay in one country is quite different to another. Here’s a look at utility costs in the Serbia as an example.
| Item | Canada | the Serbia | % difference |
|---|---|---|---|
| Bills (electricity, gas, water) for 85m2 Apartment | $205.8 (Дин.15,322) | $255.6 (Дин.19,029) | 24.2% |
| Mobile Phone Contract (Calls and 10GB+ Data) | $62.7 (Дин.4,668) | $27.3 (Дин.2,032) | -56.4% |
| Internet (60 Mbps or More, Unlimited Data) | $84.9 (Дин.6,321) | $41.2 (Дин.3,067) | -51.5% |
Grocery costs in the Serbia
Daily grocery costs and availability changes depending on the country you’re in, with factors like the proportion of foods that are imported making a big difference. When you’re in the Serbia you’ll need to think about building a suitable food budget for your personal tastes, and based on the costs of items you buy often.
| Item | Canada | the Serbia | % difference |
|---|---|---|---|
| Milk (1 Litre) | $3.1 (Дин.231) | $2 (Дин.149) | -35.6% |
| Loaf of fresh bread | $3.7 (Дин.275) | $1.1 (Дин.82) | -69.1% |
| Rice (1kg) | $5 (Дин.372) | $3.4 (Дин.253) | -32.2% |
| 12 eggs (regular) | $4.8 (Дин.357) | $3.7 (Дин.275) | -23.9% |
| Local cheese (1kg) | $15.5 (Дин.1,154) | $13.5 (Дин.1,005) | -13.4% |
| Chicken fillets (1kg) | $16.8 (Дин.1,251) | $9.8 (Дин.730) | -41.5% |
| Beef (1kg) | $20.4 (Дин.1,519) | $16.4 (Дин.1,221) | -19.9% |
| Apples (1kg) | $5.8 (Дин.432) | $1.7 (Дин.127) | -71.2% |
| Bananas (1kg) | $2 (Дин.149) | $2.5 (Дин.186) | 27.4% |
Wise travel card - a lot cost alternative when travelling
Visa Debit Card
Spend in multiple currencies
Mid-market rateUsing a multi-currency card from Wise for your travels is often a more cost-effective option. Wise provides conversions at the mid-market exchange rate without any markups or hidden fees, ensuring you get the bets possible value for your money.
Accommodation in the Serbia
If you’re moving to the Serbia you’ll likely need to rent a place to live. No matter where in the world you choose to reside, the costs of rent tend to make up a huge slice of your monthly budget. That said, you can often bring down the overall costs of renting by choosing a less central location or by sharing with others.
| Accommodation | Canada | the Serbia | % difference |
|---|---|---|---|
| Apartment (1 bedroom) City Centre | $1838.9 (Дин.136,904) | $791.5 (Дин.58,926) | -57% |
| Apartment (1 bedroom) Outside of City Centre | $1643.1 (Дин.122,327) | $564.8 (Дин.42,049) | -65.6% |
| Apartment (3 bedroom) City Centre | $2950.6 (Дин.219,670) | $1414.1 (Дин.105,278) | -52.1% |
| Apartment (3 bedroom) Outside of City Centre | $2548.7 (Дин.189,748) | $993 (Дин.73,928) | -61% |
Salaries in the Serbia
The amount of money you have in your pocket when you’re living in the Serbia is a function of both the salary you can earn, and the amount of tax you need to pay on your income. As taxes can be structured quite differently from one country to the next it’s crucial to get a realistic idea of the amount you’ll lose in taxes - and so the amount you have for spending - before you move.
| Salary | Canada | the Serbia | % difference |
|---|---|---|---|
| Average monthly salary (after tax) | $3912.9 (Дин.291,312) | $1218 (Дин.90,679) | -68.9% |
Education and childcare in the Serbia
For people moving to the Serbia with a family, the costs of education and childcare will be an important budget line. Childcare, school fees and university costs can be a huge proportion of your annual budget, particularly when you’re outside of your home country, and may not have access to government funded educational institutions. Here’s a look at some common costs in the Serbia to help your research.
| Childcare | Canada | the Serbia | % difference |
|---|---|---|---|
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $1110.6 (Дин.82,683) | $479.9 (Дин.35,728) | -56.8% |
| International Primary School, Yearly for 1 Child | $16572.9 (Дин.1,233,837) | $10858.8 (Дин.808,428) | -34.5% |
Entertainment and eating out in the Serbia
Don’t forget to include discretionary spending on entertainment and personal care to your budget for the Serbia. While your own spending in this area will be unique, planning to have some money for fun activities can help you settle into your new home, make new friends and relax into your new life.
| Entertainment | Canada | the Serbia | % difference |
|---|---|---|---|
| Fitness Club, Monthly Fee (1 Adult) | $58.9 (Дин.4,385) | $46.9 (Дин.3,492) | -20.4% |
| Tennis Court (1 Hour on Weekend) | $23.9 (Дин.1,779) | $24.4 (Дин.1,817) | 1.8% |
| Cinema, International Release, 1 ticket | $15 (Дин.1,117) | $9.3 (Дин.692) | -37.8% |
| Eating out | Canada | the Serbia | % difference |
|---|---|---|---|
| Meal out (cheap restaurant) | $25 (Дин.1,861) | $13.3 (Дин.990) | -46.7% |
| Meal for 2 (mid-range restaurant), 3 courses | $100 (Дин.7,445) | $60 (Дин.4,467) | -40% |
| Meal at McDonalds (or equivalent) | $15 (Дин.1,117) | $13.3 (Дин.990) | -11.1% |
| Local Beer (0.5 litres) | $8 (Дин.596) | $4 (Дин.298) | -50% |
| Imported Beer (0.33 litre) | $4.6 (Дин.342) | $2.3 (Дин.171) | -50.6% |
| Cappuccino (regular) | $5.2 (Дин.387) | $3 (Дин.223) | -41.5% |
| Coke/Pepsi (0.33 litre) | $2.9 (Дин.216) | $2.9 (Дин.216) | 0.7% |
| Water (0.33 litre) | $2.3 (Дин.171) | $2.2 (Дин.164) | -7.1% |
Exchange rates between Canada & the Serbia
Understanding the differences in exchange rate between Canada & the Serbia is important to allow you to manage your money across currencies. Looking at historical data and trends for the RSD/CAD exchange rate can help you understand how far your funds will go once you move.
Loading chart data...
Conclusion
Understanding the differences in cost of living between the Serbia & Canada is important for anyone who plans to relocate - either for a short period of work or study, or on a long term basis. By understanding how different costs may be for day to day essentials, you can plan your budget effectively and make sure you hit the ground running in your new home.
If you live an international lifestyle, our currency conversion and international payment comparison tools are the perfect way to help you manage your money across currencies. Use our guides and calculators to figure out the cheapest and most convenient ways to spend in your new country, and to send international payments to and from the Serbia & Canada with low fees and great rates.