Location Factors


The location factor for Serbia is 0.57, based on national living costs.

This means a РСД 4,075,624 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 РСД 4,727,724.
It would be РСД 1,100,136 based on market rates, РСД 1,276,158 with taxes paid in Germany.

You can also start a calculation based on Serbia.

Name Serbia
Chosen Factor 0.57 0.66*
Market Rates 0.15 0.18*
Consumer Price Index 0.57 0.66*
Rent Index* 0.31 0.36*
Consumer Price Plus Rent Index 0.50 0.58*
Groceries Index 0.54 0.63*
Restaurant Price Index* 0.51 0.60*
Local Purchasing Power Index* 0.35 0.41*
Buffer Location Bracket* D
Currency Serbian Dinar (RSD)
Income Tax* 10% to 25%
* Not used for index.* If taxes paid in Germany instead.
Market rates based on National Sources. Living costs based on Numbeo.

Locations in Serbia

City Factor Based On
Belgrade 0.60 0.70* Living Costs
Nis 0.47 0.54* Living Costs
Novi Sad 0.57 0.66* Living Costs
create calculation* If taxes paid in Germany instead.