Cost of Living in Austria
Last updated on Nov 19, 2023
Summary: The cost of living in Austria is generally considered to be quite high. A nice one bedroom apartment in Austria can cost anywhere from $1,000 to $2,000 per month, while a nice two bedroom apartment can cost anywhere from $1,500 to $3,000 per month. The cost of dinner at a moderately priced restaurant in Austria is usually around $20 to $30 per person.
Is the cost of living in Austria high?
We asked people how much they someone comfortably live on in Austria, they wrote:
"The cost of living in Austria can vary depending on where you live. Generally, living costs such as food, accommodation, transportation and entertainment tend to be higher than in most other European countries. Rent is expensive in Vienna and other large cities in Austria. Groceries are also quite pricey, however it is possible to find deals in discount stores and supermarkets. Utility costs are relatively low, while entertainment costs can add up quickly. In general, you should budget a minimum of 1,000 EUR per month for living expenses in Austria," said one person in Austria.
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Will I save money living in Austria?
"Living in Austria may potentially save you money compared to living in the United States, depending on factors such as your lifestyle and location. Costs associated with basic living expenses like groceries, utilities, and transportation tend to be lower in Austria because the cost of living is typically cheaper than in the US. Additionally, depending on your income and residency status, you could potentially benefit from low rate taxes in Austria," said one person in Austria.
What is the average cost of housing in Austria?
If you are thinking about moving to Austria, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Higher, and the average is about 8 -1200 American Dollars per month WITHOUT the ammenities, and you need to purchase your own kitchen. I am not kidding," explained one expat living in Graz.
"The average cost of housing in Austria varies by location and property type. Generally, rental costs are higher in the larger urban areas, such as Vienna and Graz, while renting or purchasing property in the country’s smaller cities and rural regions typically tends to be more affordable. Renting normally costs an average of €740-950/month in Vienna and €560-830/month in Graz, while buying an already constructed apartment or house in Vienna or Graz averages about €4,300 to €4,900 per square meter," said one expat in Austria.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What are typical rental prices for expats in Austria?
"Nice 1 bedroom apartments in Austria generally rent for around $1000 to $1500 a month, while nice 2 bedroom apartments usually rent for around $1500 to $1800 a month," said an expat in Austria.
What appliances are typically included in a rental?
We asked foreigners in Austria what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Austria, rental properties usually include appliances such as a refrigerator, a stovetop, an oven, a washing machine, and a dishwasher. Some homes may also have additional appliances such as a microwave, a toaster, and a coffee maker. Furniture may not be included in the rental property, so it is important to check with the landlord before signing the rental agreement," said one expat living in Austria.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
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