Cost of Living in Mongolia
Last updated on Dec 11, 2023
Summary: The cost of living in Mongolia is generally considered to be quite affordable. A nice one bedroom apartment in Mongolia can cost anywhere from $400 to $800 per month, while a nice two bedroom apartment can cost from $600 to $1,200 per month. The cost of dinner at a moderately priced restaurant in Mongolia is usually around $10 to $15 per person.
Is the cost of living in Mongolia high?
We asked people how much they someone comfortably live on in Mongolia, they wrote:
"The cost of living in Mongolia is generally considered to be quite affordable. Basic necessities such as food, transportation, and housing are relatively inexpensive compared to other countries. However, the cost of imported goods and services can be more expensive. Additionally, the cost of living can vary significantly depending on the city or region," said one expat in Mongolia.
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Will I save money living in Mongolia?
"Living in Mongolia can be significantly cheaper than living in the United States. The cost of living in Mongolia is much lower than in the United States, with basic necessities such as food, transportation, and housing costing significantly less. Additionally, the cost of entertainment and leisure activities is also much lower in Mongolia than in the United States. As a result, living in Mongolia can be a great way to save money compared to living in the United States," said one expat in Mongolia.
What is the average cost of housing in Mongolia?
If you are thinking about moving to Mongolia, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Mongolia varies depending on the location and type of accommodation. Generally, renting an apartment in a city center can cost anywhere from $200 to $500 per month, while renting a house in a rural area can cost around $100 to $200 per month," said one person in Mongolia.
What are typical rental prices for expats in Mongolia?
"The rental price for a nice 1 bedroom apartment in Mongolia can range from around $500 to $1,000 per month, while a nice 2 bedroom apartment can range from around $700 to $1,500 per month," mentioned one expat in Mongolia.
What appliances are typically included in a rental?
We asked foreigners in Mongolia 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 Mongolia, rental properties typically include a refrigerator, stove, washing machine, and air conditioner. Other common appliances may include a microwave, dishwasher, and water heater. Furniture may also be included in the rental, such as beds, couches, and tables," said one expat.
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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