Kotor, Montenegro
A UNESCO World Heritage coastal town in Montenegro, known for its stunning Bay of Kotor, medieval old town, and the fortress of St. John.
Below Average vs Montenegro Avg (100)
Affordable
Household income
Job market health
Kotor vs Montenegro Average
Taxes
- Income Tax: 9.0%
- VAT: 21.0%
Economy & Jobs
- Median Income: €12,500
- Unemployment: 10.5%
- Population: 13,000
Climate
- Sunny Days: 250/year
- Summer High: 86°F
- Winter Low: 38°F
Housing
- Median Home: €220,000
- 1BR Rent: €650/mo
Cost of Living
Kotor's cost of living index is 78 (Montenegro average = 100).
| Category | Kotor | National Average | Difference |
|---|---|---|---|
| Overall | 78 | 100 | -22.0% |
| Housing | 75 | 100 | -25.0% |
Data source: MONSTAT / Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | €220,000 |
| Median Rent (1BR) | €650/mo |
| Median Rent (2BR) | €813/mo |
| Price per Sq Ft | €146 |
Data source: Nekretnine.me / Numbeo, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Kotor:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | €50 | Based on ~4,000 kWh/year typical Montenegrin household usage |
| Heating & Cooling | €74 | Estimated based on local climate. electric or gas heating |
| Cooling (AC) | €1 | Estimated based on local climate and electricity rates |
| Water | €20 | Includes sewer |
| Internet (100+ Mbps) | €25 | Broadband average |
| Garbage / Trash | €12 | Private service |
| Total Utilities | €182 | Monthly estimate (including heating & cooling) |
Data sources: REGAGEN, EPCG, Crnogorski Telekom 2025
Best Neighborhoods
Downtown Kotor
The heart of the city with restaurants, shops, and entertainment. Average rent: €780/mo.
Kotor Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: €715/mo.
East Kotor
Up-and-coming neighborhood with new developments and young professionals. Average rent: €585/mo.
West Kotor
Family-friendly area with parks and good schools. Average rent: €618/mo.
Remote Work Score
Kotor scores —/100 for remote work readiness:
Climate
Kotor has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 58°F | 38°F | 2.5" |
| April | 71°F | 53°F | 2.8" |
| July | 86°F | 61°F | 1.5" |
| October | 66°F | 56°F | 2.2" |
Taxes
- Income Tax: 9%
- VAT: 21%
- Property Tax: ~1.2% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 10.5%.
Crime & Safety
Crime rates in Kotor per 100,000 residents:
City-level crime data is not available for this location. The figure shown is the national average, which may differ significantly from actual conditions in this city.
Data source: Eurostat
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Kotor, Montenegro?
The cost of living index in Kotor is 78, which is Lower the Montenegro national average of 100.
How much does it cost to buy a home in Kotor?
The median home price in Kotor is €220,000. The housing index is 75.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Kotor is approximately €650/mo.
Does Kotor, Kotor have income tax?
Kotor is in Kotor, which has an income tax rate of 9%.
What is the climate like in Kotor?
Kotor enjoys approximately 250 sunny days per year. Summer highs reach around 86°F, while winter lows can drop to around 38°F.
Data Sources
- Cost of Living: MONSTAT / Numbeo, 2026
- Housing Data: Nekretnine.me / Numbeo, 2026
- Income & Employment: MONSTAT Labour Force Survey, 2024
- Utilities REGAGEN, EPCG, Crnogorski Telekom 2025
Data last updated: July 19, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.