Austria, known for its robust economy and quality of life, also carries higher living expenses. According to Numbeo, it ranks as the world's 19th most expensive country and the 7th within Europe. The cost of living in Austria varies significantly based on location and household size. For instance, monthly expenses for a single person, excluding rent, are estimated at €1,055. For a family of four, monthly expenses are projected to be around €3,590.
Rent costs also fluctuate with location and apartment size. A one-bedroom apartment in the city center averages €854 per month, while outside the city center, it drops to €695. Meanwhile, a three-bedroom apartment in the city center commands about €1,540 monthly, compared to €1,215 outside the city center. These figures reflect the diverse economic landscape across Austria, impacting residents differently depending on where they live and their household composition.