Location Factors

Montenegro

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.

Name 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
Currency Euro (EUR)
Income Tax* 9% to 15%
* Not used for index.* If taxes paid in Germany instead.
Market rates based on National Sources. Living costs based on Numbeo.

Locations in Montenegro

City Factor Based On
Podgorica 0.65 0.82* Living Costs
create calculation* If taxes paid in Germany instead.