🇲🇳Cost of Living in Mongolia

Compare the cost of living across 1 city in Mongolia.

Ulaanbaatar is the only city we currently track in Mongolia, with a cost of living index of 25 out of 100, where New York City scores 100. See the full cost breakdown below.

Estimated monthly budget in Mongolia

Typical total monthly cost by household type.

Single person

$680

per month

Couple

$1,020

per month

Family of 4

$1,430

per month

Student

$510

per month

Estimates based on the average cost of living in Mongolia, scaled by household size. Actual costs vary with lifestyle, neighbourhood and housing.

Ulaanbaatar

Ulaanbaatar is the capital of Mongolia and home to nearly half the country's population, set in a valley along the Tuul River. The city is known for its extreme winters, traditional Mongolian culture, and the contrast between Soviet-era blocks and modern glass towers.

Cost Index

Monthly Cost

$680

Pop: 1,500,000Safety: 55/100

Frequently asked questions about the cost of living in Mongolia

What is the cost of living in Mongolia?

We track Ulaanbaatar in Mongolia, which has a cost of living index of 25 out of 100 (New York City = 100).

Data & sources

As an independent cross-check, the World Bank puts the overall price level in Mongolia at 35 relative to the United States (=100) in 2024. View source

Cost figures on this site are independent estimates, cross-referenced with public data sources including World Bank, Numbeo, Eurostat, OECD.