Last update: Oct 2026

Cost of Living Comparison Between Italy and Mongolia

Name: Mongolia
Address: MN

For one person, living is cheaper in Mongolia: $1,161 a month against $1,843 in Italy, rent and utilities included – about $8,200 less a year. Rent and utilities account for about half of the difference.

88

Cost of Living Index in Italy
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Italy Living Index
56

Cost of Living Index in Mongolia
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Mongolia Living Index

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🇮🇹 Italy

$1,843

/mo nomad

🇲🇳 Mongolia

$1,161

/mo nomad

Monthly Cost of Living

How much you'll spend in Italy and in Mongolia

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

Monthly costs for one person with rent: $1,843 in Italy versus $1,161 in Mongolia.

Italy $1,843
Mongolia $1,161

Estimated couple costs with rent: $2,816 in Italy versus $1,847 in Mongolia.

Italy $2,816
Mongolia $1,847

Monthly costs for a family of three with rent: $3,788 in Italy versus $2,532 in Mongolia.

Italy $3,788
Mongolia $2,532

Internal cost variation is higher in Italy: monthly costs span $1,038 to $2,555, compared to $376–$1,192 in Mongolia. City choice carries more weight in Italy.

Living in Italy is roughly 59% more expensive than in Mongolia on average.

Italy (35% above) and Mongolia (15% below) straddle the global median.

Meal at Budget Restaurant

$20.46 €18.36

$5.63 MNT 20.2K

263.41%

Three-Course Dinner for Two, Mid-Range

$79.5 €71.3

$29.11 MNT 104.6K

173.10%

Fast Food Meal (McDonalds, etc)

$11.15 €10.01

$5.53 MNT 19.9K

101.63%

Cappuccino

$2.04 €1.83

$2.42 MNT 8,712

-15.70%

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

$3.10 €2.78

$0.86 MNT 3,097

260.47%

Water (0.33 liter bottle)

$1.40 €1.26

$0.57 MNT 2,057

145.61%

Local Beer (0.5 liter draught)

$5.51 €4.95

$2.30 MNT 8,249

139.57%

Imported Beer (0.33 liter bottle)

$5.74 €5.15

$3.37 MNT 12.1K

70.33%

Milk (1 liter)

$1.57 €1.41

$1.36 MNT 4,895

15.44%

White Bread (500g)

$2.38 €2.14

$1.00 MNT 3,583

138.00%

Rice (white) (1kg)

$2.90 €2.60

$2.07 MNT 7,423

40.10%

Eggs

$4.07 €3.66

$2.06 MNT 7,417

97.57%

Local Cheese (1kg)

$17.44 €15.65

$9.74 MNT 35.0K

79.06%

Chicken Fillets (1kg)

$12.56 €11.27

$5.17 MNT 18.6K

142.94%

Beef Round Steak (1kg)

$20.17 €18.10

$6.51 MNT 23.4K

209.83%

Apples (1kg)

$2.58 €2.32

$2.98 MNT 10.7K

-13.42%

Banana (1kg)

$2.19 €1.96

$2.21 MNT 7,938

-0.90%

Oranges (1kg)

$2.68 €2.40

$3.67 MNT 13.2K

-26.98%

Tomato (1kg)

$3.27 €2.93

$2.96 MNT 10.6K

10.47%

Potato (1kg)

$1.90 €1.71

$0.82 MNT 2,931

131.71%

Onion (1kg)

$1.82 €1.63

$0.88 MNT 3,171

106.82%

Lettuce (1 head)

$1.57 €1.41

$1.67 MNT 5,992

-5.99%

Water (1.5 liter bottle)

$0.55 €0.49

$0.76 MNT 2,739

-27.63%

Cigarettes 20 Pack (Marlboro, Camel)

$6.69 €6.01

$1.70 MNT 6,101

293.53%

Wine (Bottle)

$7.99 €7.17

$9.51 MNT 34.2K

-15.98%

Local Beer (0.5 liter bottle)

$1.77 €1.59

$1.41 MNT 5,085

25.53%

Imported Beer (0.33 liter bottle)

$2.35 €2.11

$1.76 MNT 6,313

33.52%

One-way Ticket (Public Transport)

$1.91 €1.71

$0.27 MNT 968

607.41%

Public Transport Monthly Pass (Regular Price)

$43.44 €38.98

$16.52 MNT 59.4K

162.95%

Taxi Start (Normal Tariff)

$5.62 €5.04

$0.51 MNT 1,847

1001.96%

Taxi (Normal Tariff) (1km)

$1.71 €1.54

$0.56 MNT 2,029

205.36%

Taxi 1hour Waiting (Normal Tariff)

$33.64 €30.18

$6.41 MNT 23.1K

424.80%

Gasoline (1 liter)

$2.03 €1.82

$1.16 MNT 4,172

75.00%

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

$35.3K €31.7K

$27.4K MNT 98.4M

28.93%

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

$36.7K €33.0K

$31.7K MNT 113.8M

16.04%

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

$227 €203

$72.1 MNT 259.1K

214.30%

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

$11.59 €10.40

$7.11 MNT 25.6K

63.01%

Internet (50+ Mbps, Unlimited Data)

$30.38 €27.26

$12.32 MNT 44.3K

146.59%

Gym Membership (Monthly)

$51.8 €46.46

$65.9 MNT 237.0K

-21.48%

Tennis Court (1 Hour on Weekend)

$23.70 €21.26

$17.40 MNT 62.5K

36.21%

Cinema Ticket

$10.60 €9.51

$4.08 MNT 14.7K

159.80%

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

$568 €509

$645 MNT 2.3M

-12.00%

International Primary School, 1 Child (Yearly)

$11.5K €10.3K

$8,038 MNT 28.9M

43.36%

Jeans (Levis 501 Or Similar)

$90.5 €81.2

$79.2 MNT 284.6K

14.35%

Summer Dress (H&M, Zara, etc)

$38.55 €34.59

$49.63 MNT 178.4K

-22.33%

Sport Shoes (Adidas, Nike)

$103 €92.1

$102 MNT 366.7K

0.61%

Men's Leather Business Shoes

$131 €118

$167 MNT 598.4K

-21.33%

1-bedroom Apartment, City Center (Monthly)

$826 €741

$630 MNT 2.3M

31.09%

1-bedroom Apartment, Outside City Center (Monthly)

$646 €580

$459 MNT 1.7M

40.69%

3-bedroom Apartment, City Center (Monthly)

$1,400 €1,256

$1,598 MNT 5.7M

-12.39%

3-bedroom Apartment, Outside City Center (Monthly)

$1,054 €946

$947 MNT 3.4M

11.39%

Buy Apartment in City Center (m2)

$3,662 €3,286

$1,785 MNT 6.4M

105.16%

Buy Apartment Outside City Center (m2)

$2,301 €2,065

$982 MNT 3.5M

134.26%

Average Monthly Net Salary (After Tax)

$1,886 €1,692

$590 MNT 2.1M

219.80%

20-Year Fixed Mortgage Interest Rate (Annual %)

3.56

9.6

-62.92%

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

Last update for Italy: October 24, 2026

Last update for Mongolia: October 27, 2026

Monthly budget structure

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

Accommodation & Living

Italy

$646 35.1%

Mongolia

$459 39.5% 28.9% $187

Groceries & Markets

Italy

$348 18.9%

Mongolia

$222 19.1% 36.2% $126

Eating Out

Italy

$279 15.1%

Mongolia

$115 9.9% 58.8% $164

Monthly Utilities & Internet

Italy

$269 14.6%

Mongolia

$92 7.9% 65.9% $177

Clothing & Footwear

Italy

$163 8.9%

Mongolia

$179 15.4% 9.5% $16

Sport & Entertainment

Italy

$73 4%

Mongolia

$74 6.4% 1.5% $1.1

Getting Around

Italy

$65 3.5%

Mongolia

$21 1.8% 67.9% $44

Cost Breakdown

National rent averages: $729 in Italy, $530 in Mongolia. Capital cities: $1,297 in Rome vs $636 in Ulaanbaatar.

National salary averages: $1,890 in Italy, $449 in Mongolia. Higher pay doesn’t always mean more spending money – weigh income against local costs.

Cost Highlights

Rent is 38% higher in Italy.

Dining out costs 143% more in Italy.

Public transport is 207% more expensive in Italy.

Salaries are about 4.2 times higher in Italy, and purchasing power comes out stronger in Italy.

Good to know

🇮🇹 Italy

🇲🇳 Mongolia

🕒 Local time

19:11 7:11 PM

02:11 2:11 AM

7 h ahead of Italy

🌤 Weather

👥 Population

58,850,717

3,409,939

💱 Currency

Euro EUR €

Mongolian Tögrög MNT ₮

📈 Exchange rate

1 EUR = 1.11 USD

10,000 MNT = 2.78 USD

10,000 MNT = 2.49 EUR

Exchange rates and currency converter

MNT, USD to EUR – Euro Converter

🇺🇸 United States Dollar ($)

🇪🇺 Euro (€)

Euro exchange rates as of October 29, 2026: 1 USD = 0.897 EUR (1 EUR = 1.11 USD).

Mongolian Tögrög exchange rates as of October 29, 2026: 1 USD = 3,594 MNT (10,000 MNT = 2.78 USD). 1 EUR = 4,011 MNT (10,000 MNT = 2.49 EUR).

USD to EUR in detail →

On the map

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Between locations

Italy Mongolia 6,980 km ≈ 9 h nonstop flight

From you

Italy
Mongolia

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

Italy vs Mongolia: Cost of Living - Frequently Asked Questions

At $1,843 per month in Italy and $1,161 in Mongolia, Mongolia comes out about 37% cheaper. Keep in mind it varies by city – the difference can be bigger or smaller depending on where you settle within each country.

Day-to-day life is cheaper in Mongolia: lower grocery prices, cheaper commutes, and more affordable meals out. Over time, those daily savings make a real difference to your monthly budget and ability to put money away.

Rent for a central one-bedroom averages $729 in Italy and $530 in Mongolia. Rents vary a lot between cities, so the gap depends on where you settle.

It depends on what you’re after: Mongolia wins on affordability, while salaries, visas, language, and lifestyle can tip the balance either way.