How Much Does It Cost to Live In Innsbruck?
Being a beautiful country, Austria is very attractive to people who want to move somewhere and it has a lot to offer both individuals and families.
Considering the fact that you have already made the decision to move there, you need to think well about the city you are going to move to.
The differences among major cities in Austria are big and Innsbruck might be your choice.
That is why you should take a look at the average prices there to help you plan your own budget.Cost of Living Index:
Considering the fact that Innsbruck is the winter sports center of Austria, it is frequently visited by tourists, and it has to offer restaurants for everyone’s budget.
Starting from those least expensive ones, where you can get a meal at the price of $14 up to those most prominent ones which an average worker cannot afford.
Food is expensive all over Austria, and Innsbruck is not an exception.
Bread and eggs are far more expensive than in many European countries.
Consider buying food at local markets rather than in supermarkets, because you can find fresh fruit and vegetables at more reasonable prices.
You can either use your own vehicle or travel by the public transport in Innsbruck which is very simple to use and very well organized, but a little bit more expensive than in Graz.
Again, the monthly ticket will save you some money, if you commute daily.
Driving your own car can be an option, if you can afford paying gasoline $1.4 per gallon.
If you want to move to Austria, but you do not have where to live, that problem can be solved easily.
Once you solve it, another expenses rise and they must be paid regularly.
Utilities will cost you more than $250 per month, and in comparison with Graz, Innsbruck can be taken as rather inexpensive when utilities are in question.
SPORTS & LEISURE
Innsbruck is not a huge city and people there are fond of getting away from city life, by simply walking in the nature or riding a bike.
Hiking trails are everywhere, and that affects the fitness club prices.
People are always more interested in doing exercises outdoors than in the gym.
CLOTHING & SHOES
Buying designer clothes in Innsbruck at regular prices would be quite a shock for your budget, because the prices are quite high.
In order to save some money, you can look for shops who offer discounted prices, buy the same items and still have some money left.
A pair of jeans or running shoes usually cost $90.
RENT PER MONTH
Many new settlers are worried about finding a place to live when they move to another city or country, but it would be great to hear that is not very hard to find a place to live in Innsbruck.
However, the average cost of apartments depend on their size and location, so it can vary from about $700 per month out of the city center up to $1600 in the city center.
Cost of Living Averages Table for Innsbruck*Note: All prices are indicated in USD.
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$13.75|
|Domestic Beer (0.5 Liter)||$4.18|
|Water (0.33 Liter)||$2.47||Average Market Prices|
|Milk (1 Liter)||$1.27|
|Loaf Bread (500g)||$2.12|
|Eggs (12)||$3.38||Average Transport Prices|
|One Way Ticket||$2.75|
|Gasoline||$1.37||Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$216.23|
|1 min. of Prepaid Mobile Tariff Local||$0.07|
|Internet (Unlimited Data, Cable/ADSL)||$30.26||Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$38.97|
|Tennis Court Rent (1 Hour)||$18.34|
|Cinema, 1 Seat, International Release||$11.46||Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$87.67|
|1 Summer Dress in a Chain Store (Zara, etc...)||$38.20|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$89.77||Average Rent Prices|
|Apartment (1 bedroom) in City Center||$877.88|
|Apartment (1 bedroom) Outside of Center||$735.39|
|Apartment (3 bedrooms) in City Center||$1593.03|
How Does the Average Person Spend Their Money in Innsbruck?
Considering the fact that food in Austria is quite expensive, as it belongs to the European Union, and the prices are almost equal in all those countries belonging to it, the most money is spent on groceries and foodstuff.
Rent also requires pretty high amount of your budget.
The transportation and restaurants are at the third place when spendings are in question and not more than 15% of the monthly budget is devoted to it.
It is not unusual that the least money is spent on entertainment and clothing.
Average Costs Breakdown
Innsbruck: Average Salary, Minimum Wage & Mortgages
When you choose Innsbruck as your future place of residence, you need to bear in mind that living in the center of Innsbruck, even though more expensive than the suburbs, is a wonderful experience.
If you will get the salary from your country, then focus on calculating whether it would be high enough to cover all the costs.
The average monthly net salary of Austrians in Innsbruck is about $2200, and that is enough for a normal, not so luxurious, life.
On the other hand, those who are accustomed to more posh lifestyle have to earn more than an average to satisfy their needs in Innsbruck.
Cost of Living by City in Innsbruck
|City||Cost of Living Index|