Last update: Oct 2026

Cost of Living Comparison Between Belgrade and Antananarivo

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.

76

Cost of Living Index in Belgrade
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Belgrade Living Index
32

Cost of Living Index in Antananarivo
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Antananarivo Living Index

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Belgrade

🇷🇸 Serbia

$1,538

/mo nomad

Antananarivo

🇲🇬 Madagascar

$648

/mo nomad

Monthly Cost of Living

How much you'll spend in Belgrade and in Antananarivo

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

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

Belgrade $1,538
Antananarivo $648

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

Belgrade $2,321
Antananarivo $1,009

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

Belgrade $3,105
Antananarivo $1,370

Belgrade costs about 137% more than Antananarivo, and outside of rent the biggest gap is in eating out.

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

Meal at Budget Restaurant

$13.33 RSD 1,389

$2.68 MGA 12.0K

397.39%

Three-Course Dinner for Two, Mid-Range

$58.4 RSD 6,085

$20.36 MGA 91.0K

186.94%

Fast Food Meal (McDonalds, etc)

$13.58 RSD 1,414

$5.48 MGA 24.5K

147.81%

Cappuccino

$3.13 RSD 326

$1.60 MGA 7,154

95.62%

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

$2.77 RSD 288

$0.82 MGA 3,653

237.80%

Water (0.33 liter bottle)

$2.27 RSD 237

$0.45 MGA 1,999

404.44%

Local Beer (0.5 liter draught)

$3.75 RSD 390

$0.98 MGA 4,392

282.65%

Imported Beer (0.33 liter bottle)

$4.38 RSD 456

$2.31 MGA 10.3K

89.61%

Milk (1 liter)

$1.40 RSD 146

$1.01 MGA 4,497

38.61%

White Bread (500g)

$1.17 RSD 122

$1.00 MGA 4,471

17.00%

Rice (white) (1kg)

$2.71 RSD 282

$0.76 MGA 3,377

256.58%

Eggs

$2.78 RSD 289

$2.07 MGA 9,268

34.30%

Local Cheese (1kg)

$11.36 RSD 1,184

$8.66 MGA 38.7K

31.18%

Chicken Fillets (1kg)

$7.01 RSD 731

$4.48 MGA 20.0K

56.47%

Beef Round Steak (1kg)

$15.72 RSD 1,638

$4.95 MGA 22.1K

217.58%

Apples (1kg)

$1.66 RSD 173

$1.11 MGA 4,946

49.55%

Banana (1kg)

$1.81 RSD 188

$0.58 MGA 2,598

212.07%

Oranges (1kg)

$1.83 RSD 190

$1.04 MGA 4,660

75.96%

Tomato (1kg)

$3.13 RSD 326

$0.81 MGA 3,615

286.42%

Potato (1kg)

$0.88 RSD 91.3

$0.60 MGA 2,700

46.67%

Onion (1kg)

$0.67 RSD 70.3

$0.99 MGA 4,418

-32.32%

Lettuce (1 head)

$0.81 RSD 84.4

$0.34 MGA 1,532

138.24%

Water (1.5 liter bottle)

$0.68 RSD 70.9

$0.72 MGA 3,217

-5.56%

Cigarettes 20 Pack (Marlboro, Camel)

$4.78 RSD 498

$1.55 MGA 6,933

208.39%

Wine (Bottle)

$8.54 RSD 889

$5.12 MGA 22.9K

66.80%

Local Beer (0.5 liter bottle)

$0.94 RSD 97.7

$0.98 MGA 4,390

-4.08%

Imported Beer (0.33 liter bottle)

$1.44 RSD 150

$1.80 MGA 8,055

-20.00%

One-way Ticket (Public Transport)

$0.15 MGA 667

Taxi Start (Normal Tariff)

$3.09 RSD 322

$3.33 MGA 14.9K

-7.21%

Taxi (Normal Tariff) (1km)

$1.02 RSD 107

$2.05 MGA 9,179

-50.24%

Taxi 1hour Waiting (Normal Tariff)

$17.18 RSD 1,789

$4.41 MGA 19.7K

289.57%

Gasoline (1 liter)

$1.87 RSD 195

$1.18 MGA 5,263

58.47%

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

$30.7K RSD 3.2M

$11.9K MGA 53.4M

157.39%

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

$24.3K RSD 2.5M

$25.1K MGA 112.2M

-3.31%

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

$218 RSD 22.7K

$72.8 MGA 325.6K

198.87%

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

$25.24 RSD 2,629

$17.01 MGA 76.0K

48.38%

Internet (50+ Mbps, Unlimited Data)

$35.35 RSD 3,683

$56.6 MGA 253.0K

-37.56%

Gym Membership (Monthly)

$41.77 RSD 4,351

$29.33 MGA 131.1K

42.41%

Tennis Court (1 Hour on Weekend)

$22.80 RSD 2,375

$7.15 MGA 31.9K

218.88%

Cinema Ticket

$8.47 RSD 882

$5.61 MGA 25.1K

50.98%

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

$426 RSD 44.4K

$25.35 MGA 113.3K

1581.50%

International Primary School, 1 Child (Yearly)

$11.4K RSD 1.2M

$14.8K MGA 66.3M

-23.14%

Jeans (Levis 501 Or Similar)

$111 RSD 11.6K

$29.23 MGA 130.7K

280.23%

Summer Dress (H&M, Zara, etc)

$45.99 RSD 4,791

$27.19 MGA 121.5K

69.14%

Sport Shoes (Adidas, Nike)

$119 RSD 12.4K

$78.1 MGA 349.1K

52.55%

Men's Leather Business Shoes

$154 RSD 16.0K

$68.3 MGA 305.4K

125.28%

1-bedroom Apartment, City Center (Monthly)

$821 RSD 85.6K

$327 MGA 1.5M

151.02%

1-bedroom Apartment, Outside City Center (Monthly)

$561 RSD 58.4K

$152 MGA 678.6K

269.31%

3-bedroom Apartment, City Center (Monthly)

$1,511 RSD 157.4K

$735 MGA 3.3M

105.56%

3-bedroom Apartment, Outside City Center (Monthly)

$942 RSD 98.1K

$319 MGA 1.4M

194.96%

Buy Apartment in City Center (m2)

$5,312 RSD 553.4K

$670 MGA 3.0M

693.43%

Buy Apartment Outside City Center (m2)

$3,165 RSD 329.7K

$561 MGA 2.5M

464.52%

Average Monthly Net Salary (After Tax)

$1,228 RSD 127.9K

$130 MGA 579.1K

847.70%

20-Year Fixed Mortgage Interest Rate (Annual %)

4.61

15.75

-70.73%

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

Last update for Belgrade: October 3, 2026

Last update for Antananarivo: October 6, 2026

Monthly budget structure

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

Accommodation & Living

Belgrade

$561 35.5%

Antananarivo

$152 23% 72.9% $409

Monthly Utilities & Internet

Belgrade

$278 17.6%

Antananarivo

$146 22.2% 47.4% $132

Groceries & Markets

Belgrade

$246 15.6%

Antananarivo

$144 21.9% 41.3% $102

Eating Out

Belgrade

$233 14.7%

Antananarivo

$72 10.9% 69.2% $161

Clothing & Footwear

Belgrade

$194 12.3%

Antananarivo

$91 13.8% 52.8% $102

Sport & Entertainment

Belgrade

$59 3.7%

Antananarivo

$41 6.1% 30.9% $18

Getting Around

Belgrade

$8.2 * 0.5%

Antananarivo

$14 * 2.2% 73% $6

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

Cost Breakdown

A central one-bedroom costs $821 in Belgrade versus $327 in Antananarivo. 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 $58.0 in Belgrade versus $20.00 in Antananarivo. Monthly groceries follow the same trend: $246 vs $144 – making Antananarivo the more affordable choice for daily food spending.

Good to know

🇷🇸 Belgrade

🇲🇬 Antananarivo

🕒 Local time

09:21 9:21 AM

10:21 10:21 AM

1 h ahead of Belgrade

🌤 Weather

👥 Population

1,197,714 Capital

1,274,225 Capital

💱 Currency

Serbian Dinar RSD din

Malagasy Ariary MGA Ar

📈 Exchange rate

1,000 RSD = 9.6 USD

1,000 RSD = 8.56 EUR

10,000 MGA = 2.24 USD

10,000 MGA = 1.99 EUR

Exchange rates and currency converter

MGA, USD, EUR to RSD – Serbian Dinar Converter

🇺🇸 United States Dollar ($)

🇷🇸 Serbian Dinar (din)

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).

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).

USD to RSD in detail →

On the map

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Highest

Between locations

Belgrade Antananarivo 7,600 km ≈ 10 h nonstop flight

From you

Belgrade
Antananarivo

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

Belgrade vs Antananarivo: 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 $2,307 per month in Belgrade and $972 in Antananarivo. 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 $1,538 in Belgrade and $648 in Antananarivo. That's a gap of about 137%.

Kindergarten costs $426 per month in Belgrade and $25.35 in Antananarivo. 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.