Panevėžys, Lithuania
A city in northern Lithuania, known for its theater and cultural scene, the Cido Arena, and a strong industrial and manufacturing heritage.
Below Average vs Lithuania Avg (100)
Affordable
Household income
Job market health
Panevėžys vs Lithuania Average
Taxes
- Income Tax: 20.0%
- VAT: 21.0%
Economy & Jobs
- Median Income: €16,000
- Unemployment: 7.0%
- Population: 92,000
Climate
- Sunny Days: 170/year
- Summer High: 73°F
- Winter Low: 20°F
Housing
- Median Home: €90,000
- 1BR Rent: €350/mo
Cost of Living
Panevėžys's cost of living index is 72 (Lithuania average = 100).
| Category | Panevėžys | National Average | Difference |
|---|---|---|---|
| Overall | 72 | 100 | -28.0% |
| Housing | 68 | 100 | -32.0% |
Data source: LSD / Numbeo, 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | €90,000 |
| Median Rent (1BR) | €350/mo |
| Median Rent (2BR) | €438/mo |
| Price per Sq Ft | €60 |
Data source: Aruodas.lt / Numbeo, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Panevėžys:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | €50 | Based on ~3,500 kWh/year typical Lithuanian household usage |
| Heating & Cooling | €155 | Estimated based on local climate. gas or district heating |
| Cooling (AC) | N/A | Estimated based on local climate and electricity rates |
| Water | €25 | Includes sewer |
| Internet (100+ Mbps) | €30 | Broadband average |
| Garbage / Trash | €15 | Private service |
| Total Utilities | €275 | Monthly estimate (including heating & cooling) |
Data sources: VERT, Ignitis, Telia 2025
Best Neighborhoods
Downtown Panevėžys
The heart of the city with restaurants, shops, and entertainment. Average rent: €420/mo.
Panevėžys Heights
Trendy area with local businesses and a mix of historic and modern housing. Average rent: €385/mo.
East Panevėžys
Up-and-coming neighborhood with new developments and young professionals. Average rent: €315/mo.
West Panevėžys
Family-friendly area with parks and good schools. Average rent: €333/mo.
Remote Work Score
Panevėžys scores —/100 for remote work readiness:
Climate
Panevėžys has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 40°F | 20°F | 2.5" |
| April | 58°F | 35°F | 2.8" |
| July | 73°F | 48°F | 1.5" |
| October | 53°F | 38°F | 2.2" |
Taxes
- Income Tax: 20%
- VAT: 21%
- Property Tax: ~0.5% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 7.0%.
Crime & Safety
Crime rates in Panevėžys 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 Panevėžys, Lithuania?
The cost of living index in Panevėžys is 72, which is Lower the Lithuania national average of 100.
How much does it cost to buy a home in Panevėžys?
The median home price in Panevėžys is €90,000. The housing index is 68.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Panevėžys is approximately €350/mo.
Does Panevėžys, PN have income tax?
Panevėžys is in PN, which has an income tax rate of 20%.
What is the climate like in Panevėžys?
Panevėžys enjoys approximately 170 sunny days per year. Summer highs reach around 73°F, while winter lows can drop to around 20°F.
Data Sources
- Cost of Living: LSD / Numbeo, 2026
- Housing Data: Aruodas.lt / Numbeo, 2026
- Income & Employment: LSD Labour Force Survey, 2024
- Utilities VERT, Ignitis, Telia 2025
Data last updated: July 19, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.