Location Factors

Podgorica

The location factor for Podgorica (Montenegro) is 0.65, based on local living costs.

This means a €38,801 per year salary would roughly be compareable to €60,000 in Berlin (Germany).
If you would have to pay full taxes in Germany, this amount would rise to €48,923.

You can also start a calculation based on Podgorica.

Name Podgorica
🇲🇪
Montenegro
Chosen Factor 0.65 0.82* 0.63 0.80*
Market Rates unavailable 0.21 0.27*
Consumer Price Index 0.65 0.82* 0.63 0.80*
Rent Index* 0.39 0.49* 0.35 0.45*
Consumer Price Plus Rent Index 0.58 0.73* 0.56 0.71*
Groceries Index 0.58 0.73* 0.62 0.78*
Restaurant Price Index* 0.65 0.82* 0.57 0.72*
Local Purchasing Power Index* 0.42 0.52* 0.36 0.45*
Buffer Location Bracket* D or C 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.