Cost of Living in Austria

Expats moving to Austria will find the high cost of living a small price to pay for the much higher quality of life their move will afford them. Vienna, Austria's capital, especially offers expats an excellent quality of life, which comes at an especially high cost. While the city is less expensive than other major European cities such as Zurich, Copenhagen and London, the cost of living in Vienna is well above that of cities such as Brussels and Berlin.

That said, the cost of living in Austria naturally varies according to location (urban centres are more expensive than rural villages) and personal choice – factors that can certainly influence one's bank balance at the end of the month.

However, expats should note that food costs in Austria are high, especially during winter when fresh fruits and vegetables are more likely to be scarce. The price for purchasing housing is astronomical, and sending children to international schools can monopolise a fair chunk of an expat's salary.


Cost of accommodation in Austria

Most expats prefer to rent accommodation in Austria, especially as purchasing property in Austria is unaffordable for most.

When initially signing a lease, expats should also anticipate paying at least the equivalent of two months' rent as a refundable deposit in addition to the first month of rent. If using a real estate agent, the bill may amount to an additional two to three months of rent.


Cost of transportation in Austria

The majority of Austrian cities and towns are well-connected by an efficient and reliable public transport system. Larger metropolises feature underground metro trains, tramlines, buses and even suburban railways, while smaller towns may only have one or two modes of transit available. Public transport in Austria is moderately priced by European standards.

Cycling is also popular in Austria, and many cities have incorporated bike lanes into their city planning.

Austrians love automobiles, and expats who choose to live outside of the city may opt to buy a car. Note that parking is at a premium, both in terms of availability and price. Owning and driving a car is expensive, and in many cases, it's more of a headache than a help.


Cost of groceries in Austria

Austria has some of the highest food costs in Europe. Buying in bulk can minimise expenditure, and shopping at grocery stores and cooking at home is a good alternative to eating out, cutting down costs. Penny Markt is probably the most reasonably priced supermarkets, though at the sacrifice of the quality and selection of the goods available. Spar Gourmet and Merkur are high-end, and everything else falls somewhere in between. Fruits and vegetables can be expensive and hard to find out of season.


Cost of education in Austria

Expat residents can send their children to Austrian public schools for free. However, the curriculum is taught in German, and if an expat child doesn't already speak some German this can be a difficult option.

There are many international schools in the larger Austrian cities, but these can be expensive. Tuition fees vary depending on the school and the age of the child.


Cost of living chart for Austria

Prices may vary depending on the product and service provider. The list below is based on average prices in Vienna for July 2019.

Accommodation (monthly rent)

One-bedroom apartment in city centre

EUR 900

One-bedroom apartment outside of city centre

EUR 650

Three-bedroom apartment in city centre

EUR 1,600

Three-bedroom apartment outside of city centre

EUR 1,100

Food and drink

Milk (1 litre)

EUR 1.10

Cheese (1kg)

EUR 12

Dozen eggs

EUR 4

Loaf of white bread 

EUR 1.70

Rice (1kg)

EUR 1.45

Pack of cigarettes (Marlboro)

EUR 5.30

Transportation

City centre bus/train fare

EUR 2.40

Taxi rate per km

EUR 1.40

Petrol/gasoline per litre

EUR 1.20

Eating out

Big Mac Meal

EUR 7

Coca Cola (330 ml)   

EUR 2.60

Cappuccino

EUR 3.50

Bottle of domestic beer

EUR 4

Three-course meal at a mid-range restaurant

EUR 25

Utilities

Internet (uncapped ADSL per month)

EUR 25

Mobile call rate (mobile-to-mobile per minute)

EUR 0.10

Utilities (average per month for a standard household)

EUR 150

Hourly rate for domestic help

EUR 15

Expat Health Insurance Partners

Aetna Global

Aetna is an award-winning insurance business that provides health benefits to more than 650,000 members worldwide. Their high quality health insurance plans are tailored to meet the individual needs of expats living and working abroad.

Get a quote from Aetna International

Cigna_logo_300.png

Cigna Global

With 86 million customer relationships in over 200 countries, Cigna Global has unrivalled experience in dealing with varied and unique medical situations and delivering high standards of service wherever you live in the world.

Get a quote from Cigna Global