How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Currency Guide: Azerbaijan (ISO Code: AZ)
For travelers planning a mid-range stay in Azerbaijan, a budget of approximately 500–700 AZN (Azerbaijani Manats) for a week is reasonable. This budget should cover comfortable accommodation, meals, local transport, and some sightseeing. Here’s a quick breakdown of typical daily expenses you might encounter in Baku, the capital city:
- 🍽️ Meal at a local restaurant: 15–25 AZN
- 🚌 Public transport fare: 0.30 AZN
- 📱 Prepaid SIM card: 10 AZN
- 🛌 Budget hotel or Airbnb: 50–100 AZN
Overall, Azerbaijan can be considered an average destination in terms of cost. When compared to the United States, daily expenses are generally lower in Azerbaijan, particularly in terms of food and public transport, but somewhat similar in terms of accommodation. Compared to Australia, prices are typically more favorable in Azerbaijan, making it a great spot for travelers looking for cultural experiences without breaking the bank.
Insights for Expats in Azerbaijan
Living in Azerbaijan as an expat, you can expect typical monthly costs to range between 1,200–1,800 AZN for a comfortable lifestyle, which includes rent, utilities, groceries, and entertainment. Here’s a quick overview:
- Rent for a one-bedroom apartment in the city center: 500–800 AZN
- Utilities (electricity, heating, cooling, water, garbage): 100–150 AZN
- Monthly grocery budget: 250–400 AZN
For banking, it's advisable to use local banks that offer favorable exchange rates and a straightforward account setup process for expats. Credit and debit cards are widely accepted in urban areas, but it’s smart to carry cash for local markets and smaller establishments. When it comes to exchanging money, opting for online transfer services like Wise or OFX can often yield better rates and lower fees compared to local exchanges, especially for larger transactions.