Last update: Oct 2026

Cost of Living Comparison Between Madagascar and Belgrade

For one person, living is cheaper in Madagascar: $626 a month against $1,538 in Belgrade, rent and utilities included – about $10,900 less a year. Rent and utilities account for most of the difference.

30

Cost of Living Index in Madagascar
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Madagascar Living Index
76

Cost of Living Index in Belgrade
Learn more

Belgrade Living Index

Jump to prices

🇲🇬 Madagascar

$626

/mo nomad

Belgrade

🇷🇸 Serbia

$1,538

/mo nomad

🙂 Solo nomad: Madagascar is 48.1% cheaper than Belgrade without rent, and 59.3% cheaper with rent.

🙂 Family of 3: Madagascar is 51.9% cheaper than Belgrade without rent, and 57.7% cheaper with rent.

Meal at Budget Restaurant

$2.24 MGA 9,997

$13.33 RSD 1,389

-83.20%

Three-Course Dinner for Two, Mid-Range

$17.83 MGA 79.7K

$58.4 RSD 6,085

-69.48%

Fast Food Meal (McDonalds, etc)

$4.88 MGA 21.8K

$13.58 RSD 1,414

-64.06%

Cappuccino

$1.41 MGA 6,296

$3.13 RSD 326

-54.95%

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

$0.81 MGA 3,612

$2.77 RSD 288

-70.76%

Water (0.33 liter bottle)

$0.64 MGA 2,859

$2.27 RSD 237

-71.81%

Local Beer (0.5 liter draught)

$1.11 MGA 4,961

$3.75 RSD 390

-70.40%

Imported Beer (0.33 liter bottle)

$1.90 MGA 8,504

$4.38 RSD 456

-56.62%

Milk (1 liter)

$1.14 MGA 5,108

$1.40 RSD 146

-18.57%

White Bread (500g)

$1.01 MGA 4,519

$1.17 RSD 122

-13.68%

Rice (white) (1kg)

$0.70 MGA 3,116

$2.71 RSD 282

-74.17%

Eggs

$2.11 MGA 9,413

$2.78 RSD 289

-24.10%

Local Cheese (1kg)

$8.62 MGA 38.5K

$11.36 RSD 1,184

-24.12%

Chicken Fillets (1kg)

$4.79 MGA 21.4K

$7.01 RSD 731

-31.67%

Beef Round Steak (1kg)

$4.63 MGA 20.7K

$15.72 RSD 1,638

-70.55%

Apples (1kg)

$1.10 MGA 4,926

$1.66 RSD 173

-33.73%

Banana (1kg)

$0.62 MGA 2,784

$1.81 RSD 188

-65.75%

Oranges (1kg)

$1.03 MGA 4,592

$1.83 RSD 190

-43.72%

Tomato (1kg)

$0.83 MGA 3,707

$3.13 RSD 326

-73.48%

Potato (1kg)

$0.54 MGA 2,432

$0.88 RSD 91.3

-38.64%

Onion (1kg)

$0.77 MGA 3,459

$0.67 RSD 70.3

14.93%

Lettuce (1 head)

$0.35 MGA 1,566

$0.81 RSD 84.4

-56.79%

Water (1.5 liter bottle)

$0.67 MGA 3,008

$0.68 RSD 70.9

-1.47%

Cigarettes 20 Pack (Marlboro, Camel)

$1.54 MGA 6,889

$4.78 RSD 498

-67.78%

Wine (Bottle)

$5.12 MGA 22.9K

$8.54 RSD 889

-40.05%

Local Beer (0.5 liter bottle)

$0.87 MGA 3,907

$0.94 RSD 97.7

-7.45%

Imported Beer (0.33 liter bottle)

$1.58 MGA 7,069

$1.44 RSD 150

9.72%

One-way Ticket (Public Transport)

$0.12 MGA 539

Public Transport Monthly Pass (Regular Price)

$17.82 MGA 79.6K

Taxi Start (Normal Tariff)

$3.46 MGA 15.5K

$3.09 RSD 322

11.97%

Taxi (Normal Tariff) (1km)

$2.30 MGA 10.3K

$1.02 RSD 107

125.49%

Taxi 1hour Waiting (Normal Tariff)

$4.44 MGA 19.9K

$17.18 RSD 1,789

-74.16%

Gasoline (1 liter)

$1.19 MGA 5,324

$1.87 RSD 195

-36.36%

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

$12.6K MGA 56.2M

$30.7K RSD 3.2M

-59.12%

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

$24.4K MGA 109.1M

$24.3K RSD 2.5M

0.53%

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

$65.2 MGA 291.6K

$218 RSD 22.7K

-70.03%

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

$17.41 MGA 77.8K

$25.24 RSD 2,629

-31.02%

Internet (50+ Mbps, Unlimited Data)

$54.9 MGA 245.5K

$35.35 RSD 3,683

55.36%

Gym Membership (Monthly)

$22.86 MGA 102.2K

$41.77 RSD 4,351

-45.27%

Tennis Court (1 Hour on Weekend)

$7.05 MGA 31.5K

$22.80 RSD 2,375

-69.08%

Cinema Ticket

$6.26 MGA 28.0K

$8.47 RSD 882

-26.09%

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

$25.42 MGA 113.6K

$426 RSD 44.4K

-94.04%

International Primary School, 1 Child (Yearly)

$14.8K MGA 65.9M

$11.4K RSD 1.2M

29.40%

Jeans (Levis 501 Or Similar)

$20.93 MGA 93.5K

$111 RSD 11.6K

-81.17%

Summer Dress (H&M, Zara, etc)

$26.13 MGA 116.8K

$45.99 RSD 4,791

-43.18%

Sport Shoes (Adidas, Nike)

$69.0 MGA 308.3K

$119 RSD 12.4K

-42.11%

Men's Leather Business Shoes

$48.01 MGA 214.6K

$154 RSD 16.0K

-68.81%

1-bedroom Apartment, City Center (Monthly)

$289 MGA 1.3M

$821 RSD 85.6K

-64.80%

1-bedroom Apartment, Outside City Center (Monthly)

$138 MGA 616.9K

$561 RSD 58.4K

-75.38%

3-bedroom Apartment, City Center (Monthly)

$704 MGA 3.1M

$1,511 RSD 157.4K

-53.42%

3-bedroom Apartment, Outside City Center (Monthly)

$329 MGA 1.5M

$942 RSD 98.1K

-65.06%

Buy Apartment in City Center (m2)

$652 MGA 2.9M

$5,312 RSD 553.4K

-87.73%

Buy Apartment Outside City Center (m2)

$561 MGA 2.5M

$3,165 RSD 329.7K

-82.27%

Average Monthly Net Salary (After Tax)

$125 MGA 556.7K

$1,228 RSD 127.9K

-89.86%

20-Year Fixed Mortgage Interest Rate (Annual %)

19.75

4.61

328.42%

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

Last update for Madagascar: October 6, 2026

Last update for Belgrade: October 3, 2026

Monthly budget structure

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

Groceries & Markets

Madagascar

$144 23%

Belgrade

$246 15.6% 70.5% $102

Accommodation & Living

Madagascar

$138 22%

Belgrade

$561 35.5% 306% $423

Monthly Utilities & Internet

Madagascar

$138 21.9%

Belgrade

$278 17.6% 102% $141

Clothing & Footwear

Madagascar

$74 11.8%

Belgrade

$194 12.3% 162% $120

Eating Out

Madagascar

$65 10.3%

Belgrade

$233 14.7% 260% $168

Sport & Entertainment

Madagascar

$35 5.6%

Belgrade

$59 3.7% 66% $23

Getting Around

Madagascar

$33 5.3%

Belgrade

$8.2 * 0.5% 75.3% $25

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

Good to know

🇲🇬 Madagascar

🇷🇸 Belgrade

🕒 Local time

13:24 1:24 PM

12:24 12:24 PM

1 h behind Madagascar

🌤 Weather

👥 Population

25,570,895

1,197,714 Capital

💱 Currency

Malagasy Ariary MGA Ar

Serbian Dinar RSD din

📈 Exchange rate

10,000 MGA = 2.24 USD

10,000 MGA = 2 EUR

1,000 RSD = 9.6 USD

1,000 RSD = 8.57 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 = 5,009 MGA (10,000 MGA = 2 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 = 8.57 EUR).

USD to MGA in detail →

On the map

Lowest

Highest

Between locations

Madagascar Belgrade 7,600 km ≈ 10 h nonstop flight

From you

Madagascar
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

Madagascar vs other spots: cost of living compared

Cost of Living Comparison Between Madagascar and Belgrade

RSD, USD, EUR to MGA – Malagasy Ariary Converter

City Median Internet Speeds Comparison (Updated April 2026)

Madagascar

Belgrade

Madagascar

Belgrade

Madagascar vs other spots: cost of living compared

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