Cost of Living in Russia
Last updated on Jul 11, 2023
Summary: The cost of living in Russia is generally lower than in many other countries. A nice one bedroom apartment in Russia can cost anywhere from $500 to $1,500 per month, while a nice two bedroom apartment can cost from $800 to $2,500 per month. The cost of dinner at a moderately priced restaurant in Russia is usually around $15 to $25 per person.
Is the cost of living in Russia high?
We asked people how much they someone comfortably live on in Russia, they wrote:
"The cost of living in Russia varies depending on the region and city. Generally, the cost of living in Russia is lower than in many other European countries. Groceries, transportation, and utilities are generally quite affordable, while rent and other housing costs can be quite high in the larger cities. Eating out can also be expensive, but there are plenty of affordable options available," explained one expat living in Russia.
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Will I save money living in Russia?
"Living in Russia can be significantly cheaper than living in the United States. The cost of living in Russia is generally lower than in the United States, with rent, groceries, and other everyday expenses costing much less. Additionally, the average salary in Russia is lower than in the United States, meaning that the same amount of money can go much further in Russia. As a result, living in Russia can be a great way to save money," remarked one expat in Russia.
What is the average cost of housing in Russia?
If you are thinking about moving to Russia, cost of living in probably a key consideration. Expats commented about the cost of housing:
"Higher, mainly because it is a furnished appartment. I pay $350 a month. I know of many people (for who their company is) paying $1200 or even $5000 a month," wrote a person living in Moscow.
"The cost of housing in Russia varies greatly depending on the region and type of housing. Generally, the cost of renting an apartment in Russia is relatively affordable compared to other countries, while the cost of buying a home is higher. Prices for housing in Moscow and St. Petersburg tend to be higher than in other parts of the country," explained one expat living in Russia.
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 Russia?
"The rental price for a nice 1 bedroom apartment in Russia can vary depending on the location, but generally ranges from around $500 to $1,500 per month. For a nice 2 bedroom apartment, the rental price can range from around $800 to $2,500 per month," mentioned one expat in Russia.
What appliances are typically included in a rental?
We asked foreigners in Russia 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 Russia, rental properties typically include a refrigerator, stove, washing machine, and air conditioning unit. Other common appliances that may be included are a microwave, dishwasher, and television. Depending on the property, some landlords may also provide furniture and other amenities," 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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