Last update: Oct 2026

Cost of Living Comparison Between Antananarivo and Belgrade

For one person, living is cheaper in Antananarivo: $648 a month against $1,538 in Belgrade, rent and utilities included – about $10,700 less a year. Rent and utilities account for most of the difference.

32

Cost of Living Index in Antananarivo
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Antananarivo Living Index
76

Cost of Living Index in Belgrade
Learn more

Belgrade Living Index

Jump to prices

Antananarivo

🇲🇬 Madagascar

$648

/mo nomad

Belgrade

🇷🇸 Serbia

$1,538

/mo nomad

Monthly Cost of Living

How much you'll spend in Antananarivo and in Belgrade

Real prices from locals and on-the-ground checks – rent, groceries, transit and the daily extras. Here's what a month in Antananarivo and in Belgrade actually costs, broken down by who's living it.

A single person spends $648 per month in Antananarivo vs $1,538 in Belgrade, rent included.

Antananarivo $648
Belgrade $1,538

A couple spends around $1,009 per month in Antananarivo vs $2,321 in Belgrade, rent included.

Antananarivo $1,009
Belgrade $2,321

A family of three spends $1,370 per month in Antananarivo vs $3,105 in Belgrade, rent included.

Antananarivo $1,370
Belgrade $3,105

Antananarivo is about 58% cheaper than Belgrade, and outside of rent the biggest gap is in eating out.

Antananarivo sits 52% below the global median, while Belgrade is 15% above – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$2.68 MGA 12.0K

$13.33 RSD 1,389

-79.89%

Three-Course Dinner for Two, Mid-Range

$20.36 MGA 91.0K

$58.4 RSD 6,085

-65.15%

Fast Food Meal (McDonalds, etc)

$5.48 MGA 24.5K

$13.58 RSD 1,414

-59.65%

Cappuccino

$1.60 MGA 7,154

$3.13 RSD 326

-48.88%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$0.82 MGA 3,653

$2.77 RSD 288

-70.40%

Water (0.33 liter bottle)

$0.45 MGA 1,999

$2.27 RSD 237

-80.18%

Local Beer (0.5 liter draught)

$0.98 MGA 4,392

$3.75 RSD 390

-73.87%

Imported Beer (0.33 liter bottle)

$2.31 MGA 10.3K

$4.38 RSD 456

-47.26%

Milk (1 liter)

$1.01 MGA 4,497

$1.40 RSD 146

-27.86%

White Bread (500g)

$1.00 MGA 4,471

$1.17 RSD 122

-14.53%

Rice (white) (1kg)

$0.76 MGA 3,377

$2.71 RSD 282

-71.96%

Eggs

$2.07 MGA 9,268

$2.78 RSD 289

-25.54%

Local Cheese (1kg)

$8.66 MGA 38.7K

$11.36 RSD 1,184

-23.77%

Chicken Fillets (1kg)

$4.48 MGA 20.0K

$7.01 RSD 731

-36.09%

Beef Round Steak (1kg)

$4.95 MGA 22.1K

$15.72 RSD 1,638

-68.51%

Apples (1kg)

$1.11 MGA 4,946

$1.66 RSD 173

-33.13%

Banana (1kg)

$0.58 MGA 2,598

$1.81 RSD 188

-67.96%

Oranges (1kg)

$1.04 MGA 4,660

$1.83 RSD 190

-43.17%

Tomato (1kg)

$0.81 MGA 3,615

$3.13 RSD 326

-74.12%

Potato (1kg)

$0.60 MGA 2,700

$0.88 RSD 91.3

-31.82%

Onion (1kg)

$0.99 MGA 4,418

$0.67 RSD 70.3

47.76%

Lettuce (1 head)

$0.34 MGA 1,532

$0.81 RSD 84.4

-58.02%

Water (1.5 liter bottle)

$0.72 MGA 3,217

$0.68 RSD 70.9

5.88%

Cigarettes 20 Pack (Marlboro, Camel)

$1.55 MGA 6,933

$4.78 RSD 498

-67.57%

Wine (Bottle)

$5.12 MGA 22.9K

$8.54 RSD 889

-40.05%

Local Beer (0.5 liter bottle)

$0.98 MGA 4,390

$0.94 RSD 97.7

4.26%

Imported Beer (0.33 liter bottle)

$1.80 MGA 8,055

$1.44 RSD 150

25.00%

One-way Ticket (Public Transport)

$0.15 MGA 667

Taxi Start (Normal Tariff)

$3.33 MGA 14.9K

$3.09 RSD 322

7.77%

Taxi (Normal Tariff) (1km)

$2.05 MGA 9,179

$1.02 RSD 107

100.98%

Taxi 1hour Waiting (Normal Tariff)

$4.41 MGA 19.7K

$17.18 RSD 1,789

-74.33%

Gasoline (1 liter)

$1.18 MGA 5,263

$1.87 RSD 195

-36.90%

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$11.9K MGA 53.4M

$30.7K RSD 3.2M

-61.15%

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$25.1K MGA 112.2M

$24.3K RSD 2.5M

3.42%

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$72.8 MGA 325.6K

$218 RSD 22.7K

-66.54%

SIM Card Monthly Plan (Calls and 10GB+ Data)

$17.01 MGA 76.0K

$25.24 RSD 2,629

-32.61%

Internet (50+ Mbps, Unlimited Data)

$56.6 MGA 253.0K

$35.35 RSD 3,683

60.14%

Gym Membership (Monthly)

$29.33 MGA 131.1K

$41.77 RSD 4,351

-29.78%

Tennis Court (1 Hour on Weekend)

$7.15 MGA 31.9K

$22.80 RSD 2,375

-68.64%

Cinema Ticket

$5.61 MGA 25.1K

$8.47 RSD 882

-33.77%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$25.35 MGA 113.3K

$426 RSD 44.4K

-94.05%

International Primary School, 1 Child (Yearly)

$14.8K MGA 66.3M

$11.4K RSD 1.2M

30.11%

Jeans (Levis 501 Or Similar)

$29.23 MGA 130.7K

$111 RSD 11.6K

-73.70%

Summer Dress (H&M, Zara, etc)

$27.19 MGA 121.5K

$45.99 RSD 4,791

-40.88%

Sport Shoes (Adidas, Nike)

$78.1 MGA 349.1K

$119 RSD 12.4K

-34.45%

Men's Leather Business Shoes

$68.3 MGA 305.4K

$154 RSD 16.0K

-55.61%

1-bedroom Apartment, City Center (Monthly)

$327 MGA 1.5M

$821 RSD 85.6K

-60.16%

1-bedroom Apartment, Outside City Center (Monthly)

$152 MGA 678.6K

$561 RSD 58.4K

-72.92%

3-bedroom Apartment, City Center (Monthly)

$735 MGA 3.3M

$1,511 RSD 157.4K

-51.35%

3-bedroom Apartment, Outside City Center (Monthly)

$319 MGA 1.4M

$942 RSD 98.1K

-66.10%

Buy Apartment in City Center (m2)

$670 MGA 3.0M

$5,312 RSD 553.4K

-87.40%

Buy Apartment Outside City Center (m2)

$561 MGA 2.5M

$3,165 RSD 329.7K

-82.29%

Average Monthly Net Salary (After Tax)

$130 MGA 579.1K

$1,228 RSD 127.9K

-89.45%

20-Year Fixed Mortgage Interest Rate (Annual %)

15.75

4.61

241.65%

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for Antananarivo: October 6, 2026

Last update for Belgrade: October 3, 2026

Monthly budget structure

Share of the monthly basket for one person, rent included.

Accommodation & Living

Antananarivo

$152 23%

Belgrade

$561 35.5% 269% $409

Monthly Utilities & Internet

Antananarivo

$146 22.2%

Belgrade

$278 17.6% 90% $132

Groceries & Markets

Antananarivo

$144 21.9%

Belgrade

$246 15.6% 70.5% $102

Clothing & Footwear

Antananarivo

$91 13.8%

Belgrade

$194 12.3% 112% $102

Eating Out

Antananarivo

$72 10.9%

Belgrade

$233 14.7% 225% $161

Sport & Entertainment

Antananarivo

$41 6.1%

Belgrade

$59 3.7% 44.8% $18

Getting Around

Antananarivo

$14 * 2.2%

Belgrade

$8.2 * 0.5% 42.2% $6

Categories marked with * are only partly priced – their share counts the items that do have prices.

Cost Breakdown

A central one-bedroom costs $327 in Antananarivo versus $821 in Belgrade. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

Salaries run about 848% higher in Belgrade, which partly offsets the higher cost of living there. Purchasing power depends on which expenses matter most to you.

A mid-range dinner for two costs $20.00 in Antananarivo versus $58.0 in Belgrade. Monthly groceries follow the same trend: $144 vs $246 – making Antananarivo the more affordable choice for daily food spending.

Good to know

🇲🇬 Antananarivo

🇷🇸 Belgrade

🕒 Local time

06:29 6:29 AM

05:29 5:29 AM

1 h behind Antananarivo

🌤 Weather

👥 Population

1,274,225 Capital

1,197,714 Capital

💱 Currency

Malagasy Ariary MGA Ar

Serbian Dinar RSD din

📈 Exchange rate

10,000 MGA = 2.24 USD

10,000 MGA = 1.99 EUR

1,000 RSD = 9.6 USD

1,000 RSD = 8.56 EUR

Exchange rates and currency converter

RSD, USD, EUR to MGA – Malagasy Ariary Converter

🇺🇸 United States Dollar ($)

🇲🇬 Malagasy Ariary (Ar)

Malagasy Ariary exchange rates as of October 10, 2026: 1 USD = 4,470 MGA (10,000 MGA = 2.24 USD). 1 EUR = 5,013 MGA (10,000 MGA = 1.99 EUR).

Serbian Dinar exchange rates as of October 10, 2026: 1 USD = 104 RSD (1,000 RSD = 9.6 USD). 1 EUR = 117 RSD (1,000 RSD = 8.56 EUR).

USD to MGA in detail →

On the map

Lowest

Highest

Between locations

Antananarivo Belgrade 7,600 km ≈ 10 h nonstop flight

From you

Antananarivo
Belgrade

Distances are measured in a straight line. Your location is detected approximately.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

Antananarivo vs Belgrade: Cost of Living - Frequently Asked Questions

Yes – Belgrade is pricier by about 137%, and outside of rent the gap shows up most in eating out.

For a comfortable life, plan on about $972 per month in Antananarivo and $2,307 in Belgrade. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Antananarivo, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Monthly expenses with rent come to $648 in Antananarivo and $1,538 in Belgrade. That's a gap of about 137%.

Kindergarten costs $25.35 per month in Antananarivo and $426 in Belgrade. For families with young kids, this one expense can tip the scales when choosing between the two cities.

A $1,500 monthly budget goes further in Antananarivo, where all-in costs run around $648, than in Belgrade at $1,538. In Antananarivo it covers expenses comfortably, while in Belgrade it requires careful planning or may not stretch far enough.

Families tend to lean toward Antananarivo – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

Both have safer and rougher neighborhoods, but overall safety is comparable to other large cities. Neighborhood choice matters more than the city-level comparison – central, well-trafficked areas feel secure in both.

If budget matters most, go with Antananarivo. If higher salaries, better infrastructure, or specific career opportunities are the priority, Belgrade makes more sense. Both are solid long-term options with distinct trade-offs.