Although Austria is often regarded as one of the European countries with higher wages and quality of life, it comes with the caveat of elevated living expenses. Numbeo ranks Austria as the 25th most expensive country globally and the 11th in Europe in terms of cost of living.
However, the cost of living in Austria can vary significantly depending on the region and the size of the household. For instance, for a single person, excluding rent, the estimated monthly expenses are around €1,015, while for a family of four, it can reach €3,458.7.
Rent prices also fluctuate based on location and property size. A one-bedroom apartment in the city center is projected to cost around €831.17 per month, whereas a similar apartment outside the city center may be around €676.44.
For those seeking larger accommodations, a three-bedroom apartment in the city center could have an estimated cost of €1,501.28 per month, whereas a comparable unit outside the city center might be around €1,185.30.