The location factor for Montenegro is 0.63, based on national living costs.
This means a €37,832 per year salary would roughly
be compareable to €60,000 in Germany.
If you would have to pay full taxes in Germany, this amount would rise to €47,701.
It would be €12,793 based on market rates, €16,130 with taxes paid in Germany.
You can also start a calculation based on Montenegro.
|Chosen Factor||0.63 0.80*|
|Market Rates||0.21 0.27*|
|Consumer Price Index||0.63 0.80*|
|Rent Index*||0.35 0.45*|
|Consumer Price Plus Rent Index||0.56 0.71*|
|Groceries Index||0.62 0.78*|
|Restaurant Price Index*||0.57 0.72*|
|Local Purchasing Power Index*||0.36 0.45*|
|Buffer Location Bracket*||D or C|
|Income Tax*||9% to 15%|
Locations in Montenegro
|Podgorica||0.65 0.82*||Living Costs|