Cost of living in Albania
- Everything a household buys
- 62.9 index, EU average = 100
- Year
- 2024
- Source
- Eurostat
Albania has a price level of 62.9 where the European Union average is 100, measured for 2024. A household basket there costs about 37 percent less than the same basket across the Union.
Twelve spending categories are published for this country, so the breakdown below is measured rather than inferred from the headline.
The spread inside the basket is wider than the headline suggests. Furniture and household goods is the most expensive category at 111.5, and Education the least at 18.8.
Albania: prices rose 2.3 percent over the year to 2024, so the figures above will have drifted a little since they were recorded.
Albania is the 8 cheapest of the 39 countries this source measures on the same scale, which places it in the cheaper half of that group.
On the same scale it sits between Serbia at 61.4 and Hungary at 68.3, which is the company that a rank of 8 out of 39 puts it in.
Directly comparable with 38 other countries measured on the same scale.
A price level is not a budget. It compares a standard basket between countries and takes no account of what you earn, of the difference between the capital and a small town, or of what a newcomer pays for rent as opposed to what a sitting tenant pays. Read it as a starting point for a comparison, not as a figure to plan around.
Everything a household buys
| Measure | Value | Year |
|---|---|---|
| Food and soft drinks | 100.1 | 2024 |
| Alcohol and tobacco | 81.2 | 2024 |
| Clothing and shoes | 90.8 | 2024 |
| Housing, water and energy | 51.6 | 2024 |
| Furniture and household goods | 111.5 | 2024 |
| Health | 40 | 2024 |
| Transport | 85.3 | 2024 |
| Phone and internet | 102.7 | 2024 |
| Recreation and culture | 69 | 2024 |
| Education | 18.8 | 2024 |
| Restaurants and hotels | 52.3 | 2024 |
| Other goods and services | 63.8 | 2024 |
Questions
Albania: is it an expensive country to live in?
Measured against the reference this figure uses, the price level is 62.9 for 2024. That is the whole answer this page can give honestly, because a price level says what a basket costs and not what your life costs.
What year is this figure from?
It is the value recorded for 2024. Price level statistics are annual and always lag, so this is the most recent one published rather than a figure for today.
Can I compare this with another country here?
Only with countries measured on the same scale. This one is quoted as index, EU average = 100, and a country quoted on the other scale is not comparable with it without a conversion nobody has measured.
Related pages
Sources
- Eurostat, prc_ppp_ind (Eurostat reuse policy, commercial reuse permitted with attribution)