| Apartment Rentals | The average cost of renting an apartment in Baku is around $400 to $600 per month. The cost of renting a one-bedroom apartment in the city center is around $500 to $700 per month, while the cost of renting a three-bedroom apartment in the city center is around $800 to $1,000 per month. |
| Apartment Purchases | The average cost of purchasing an apartment in Baku is around $1,000 to $2,000 per square meter. The cost of purchasing a one-bedroom apartment in the city center is around $1,500 to $2,500 per square meter, while the cost of purchasing a three-bedroom apartment in the city center is around $2,000 to $3,000 per square meter. |
| Transportation | The cost of public transportation in Baku is very affordable. A single ride on the metro costs around 0.20 AZN (around $0.12 USD). A monthly pass costs around 20 AZN (around $12 USD). Taxi fares start at around 1.50 AZN (around $0.90 USD) and increase depending on the distance traveled. |
| Groceries | The cost of groceries in Baku is relatively affordable. A loaf of bread costs around 0.50 AZN (around $0.30 USD), a liter of milk costs around 0.90 AZN (around $0.55 USD), and a dozen eggs costs around 1.50 AZN (around $0.90 USD). |
| Restaurants | The cost of eating out in Baku is relatively affordable. A meal at an inexpensive restaurant costs around 10 AZN (around $6 USD), while a meal at a mid-range restaurant costs around 20 AZN (around $12 USD). |
| Utilities | The cost of utilities in Baku is relatively affordable. The average cost of electricity for a one-bedroom apartment is around 30 AZN (around $18 USD) per month, while the average cost of water is around 10 AZN (around $6 USD) per month. |
| Private School Tuition | The cost of private school tuition in Baku varies depending on the school. The average cost of preschool tuition is around 500 AZN (around $300 USD) per year, while the average cost of elementary school tuition is around 1,000 AZN (around $600 USD) per year. The average cost of middle school tuition is around 1,500 AZN (around $900 USD) per year, while the average cost of high school tuition is around 2,000 AZN (around $1,200 USD) per year. |
Monthly Budget for Retirees in Baku
“The cost of living in Baku is generally considered to be quite affordable. Groceries, transportation, and utilities are all relatively inexpensive compared to other cities in the region. Eating out can be quite affordable, with a meal for two at a mid-range restaurant costing around $20. Rent prices can vary depending on the area, but generally range from $200 to $500 per month for a one-bedroom apartment,” said one expat living in Baku.
Can I live in Baku on $1,500 a month?
“I’ve been living in Baku for a while now, and I can tell you that it’s possible to live comfortably on $1,500 a month, but you’ll have to make some sacrifices. First, you’ll need to find an affordable neighborhood to live in. I’d recommend looking into areas like Yasamal, Narimanov, or Nizami, where you can find decent apartments for around $400-$600 a month. These neighborhoods are not as fancy as some of the more expensive areas like Sabail or Khatai, but they’re still safe and have good access to public transportation.Next, you’ll need to be mindful of your spending on food and entertainment. Eating out at restaurants can be quite expensive in Baku, especially in the city center. I usually cook at home and shop at local markets to save money. When I do go out, I try to stick to more affordable places like local cafes and fast food joints. You can also find some great street food options that are both delicious and budget-friendly.As for entertainment, there are plenty of free or low-cost activities to enjoy in Baku. You can visit parks, museums, and historical sites, or take advantage of the city’s beautiful promenade along the Caspian Sea. There are also many affordable local events and festivals throughout the year that you can attend.One sacrifice you might have to make is limiting your travel within Azerbaijan. While public transportation within Baku is quite affordable, traveling to other cities and regions can be more expensive, especially if you want to visit popular tourist destinations like Gobustan or Sheki. You might need to save up for these trips or explore more budget-friendly options like hitchhiking or joining group tours.Another thing to consider is your healthcare expenses. While public healthcare in Azerbaijan is relatively cheap, the quality of care might not be up to the standards you’re used to. Many expats opt for private healthcare, which can be more expensive. You’ll need to factor this into your budget and possibly look into getting health insurance to cover any unexpected medical costs.Overall, living in Baku on $1,500 a month is doable, but you’ll need to be mindful of your spending and make some sacrifices. By choosing an affordable neighborhood, cooking at home, and enjoying low-cost entertainment options, you can make it work and still have a comfortable life in this fascinating city,” commented an expat living in Baku.
Can I live in Baku on $3,500 a month?
“I’ve been living in Baku for a while now, and I can tell you that it’s definitely possible to live comfortably on $3,000 a month, but you’ll have to make some adjustments and sacrifices. First, you’ll need to choose an affordable neighborhood to live in. I’d recommend looking into areas like Yasamal, Narimanov, or Nizami. These neighborhoods are more budget-friendly and still offer a decent quality of life. You might want to avoid more expensive neighborhoods like Sabail, Khatai, or Nasimi, as the cost of living there can be significantly higher.When it comes to housing, you can find a decent apartment for around $500-$800 per month, depending on the size and location. Keep in mind that utilities and internet will add to your monthly expenses, so make sure to factor that in when budgeting.As for transportation, public transport is quite affordable, with a monthly pass costing around $20. Taxis are also relatively cheap, but if you plan on using them frequently, the costs can add up. Owning a car can be expensive due to high fuel prices and maintenance costs, so I’d recommend sticking to public transport if possible.Eating out can be affordable if you stick to local restaurants and cafes, where a meal can cost around $5-$10. However, if you prefer dining at more upscale establishments or international chains, the costs can be significantly higher. Groceries are reasonably priced, and cooking at home can help you save money.Entertainment and leisure activities can vary in price, but there are plenty of affordable options like parks, museums, and local events. If you’re into nightlife, drinks can be quite expensive at popular bars and clubs, so you might have to limit your outings or find more budget-friendly spots.In terms of healthcare, private clinics can be costly, so I’d recommend getting health insurance to cover any potential medical expenses. Finally, if you plan on traveling outside of Baku, domestic flights and train tickets can be affordable, but international travel can quickly eat into your budget.Overall, living in Baku on $3,000 a month is doable, but you’ll need to be mindful of your spending and make some sacrifices in terms of housing, dining, and entertainment,” said one expat living in Baku.
Can I live in Baku on $5,000 a month?
“I’ve been living in Baku for a while now, and I can tell you that it’s definitely possible to live comfortably on $5,000 a month, even if you’re used to modern amenities. However, there might be some sacrifices you’ll have to make to ensure you stay within your budget.Firstly, you’ll want to consider the neighborhood you choose to live in. Some of the more expensive neighborhoods, like the city center or Nizami Street, might be out of your budget if you’re looking to save money. Instead, I’d recommend looking into more affordable neighborhoods like Yasamal, Narimanov, or Nasimi. These areas still offer a good quality of life and are close to many amenities, but the cost of living is significantly lower.When it comes to housing, you can find a decent apartment for around $1,000 to $1,500 a month in these more affordable neighborhoods. This should leave you with enough money for other expenses like utilities, groceries, and transportation. Keep in mind that if you’re willing to live in a smaller apartment or share with roommates, you can save even more on housing costs.As for transportation, the public transport system in Baku is quite affordable and efficient. A monthly pass for buses and metro will only set you back around $20. If you prefer to use taxis, they’re also relatively cheap, but the costs can add up if you use them frequently. To save money, I’d recommend using public transport as much as possible and only using taxis when necessary.Eating out in Baku can be quite affordable if you stick to local restaurants and cafes. A meal at a mid-range restaurant will usually cost around $10 to $15 per person. However, if you’re used to dining at high-end restaurants or international chains, you might find that the prices are quite high. To save money, I’d recommend cooking at home as much as possible and only eating out occasionally.In terms of entertainment, there are plenty of affordable options in Baku. You can visit museums, parks, and historical sites for little to no cost. However, if you’re used to attending high-end events or frequenting expensive bars and clubs, you might need to cut back on these activities to stay within your budget.Overall, living in Baku on $5,000 a month is definitely doable, but you’ll need to be mindful of your spending and make some sacrifices in terms of housing, dining, and entertainment. By choosing an affordable neighborhood and being conscious of your spending habits, you should be able to enjoy a comfortable lifestyle while staying within your budget,” commented an expat living in Baku.
