Cost of Living in Amsterdam: Average cost & Top Expenses (2024)

Cost of Living in Amsterdam: Average cost & Top Expenses (1)

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    Cost of Living in Amsterdam: Average cost & Top Expenses (15)

    source: cntraveler

    Amsterdam is a spectacular city to move in for someone who wants a little bit of change in their life. The city blesses its residents with vibrant nightlife, creative events and thrilling meet-up spots. Amsterdam is one of those cities that keep on changing, and one will never get bored of living there.

    However, all these things come at a cost. Just like any other capital city, the cost of living in Amsterdam is the highest in the Netherlands.

    What Is the Average Cost of Living in Amsterdam?

    The exact monthly expense for an individual primarily depends on their lifestyle. However, the approximate cost of living in Amsterdam for a family of four and a couple is € 3,500 and that for a student is € 2,100. Furthermore, the monthly cost of living in Amsterdam for a bachelor is € 2,300.

    Category

    Monthly Cost of Living

    Student

    € 2,100

    Bachelor

    € 2,300

    Couple

    € 3,500

    Family of four

    € 3,500

    What Are the Top Expenses of Living in Amsterdam?

    The various areas of expense that impact the cost of living in Amsterdam, Netherlands are –

    1. Accommodation

    The monthly rent of accommodation differs for social and private housing. Just like any other city, the rental costs vary from region to region within the city. The table below shows the approximate monthly rent of different types of housing –

    Classification of Accommodation

    Approximate Rent Per Month

    Social housing

    € 750

    Room in a shared apartment

    € 400 - € 1,200

    Studio apartment

    v€ 700 - € 1,300

    1 BHK

    € 900 - € 2,000

    2 BHK

    € 1,200 - € 3,000

    3 BHK

    € 2,000 - € 5,000

    Furthermore, the cost of buying an apartment in Amsterdam is as follows –

    Classification of Accommodation

    Approximate Cost Per Square Metre

    Apartment in the centre of the city

    € 6,500 - € 9,000

    Apartment outside the centre of Amsterdam

    € 4,100 - € 6,000

    2. Groceries

    Compared to the other areas of expense in Amsterdam, the price of grocery items are quite affordable if you know where to shop. Furthermore, there are several local markets and supermarkets from where one can get all the items of daily need.

    Grocery Items

    Approximate Cost

    Milk (regular) (1 litre)

    € 1

    Fresh bread (500g)

    € 1.5

    Rice (white) (1kg)

    € 2

    Eggs (regular) (1 dozen)

    € 2

    Local cheese (1kg)

    € 11

    Chicken 1 kg (boneless)

    € 8

    Apples (1kg)

    € 3

    Banana (1kg)

    € 1.5

    Oranges (1kg)

    € 2

    Tomato (1kg)

    € 2

    Potato (1kg)

    € 1

    Onion (1kg)

    € 1

    Lettuce (1 head)

    € 1

    3. Transportation

    The Netherlands is well known for cycling. Additionally, it is one of the safest countries to use cycles as a mode of transportation as the cities have separate bicycle lanes.

    Type of Cycle

    Approximate Cost

    Second-hand

    € 50 - € 100

    New cycle

    € 250 - € 600

    Electric cycle

    € 1,500 - € 3,000

    Furthermore, there are several modes of public transportation like buses, trams and trains which one can use for their daily commuting.

    Fuel Cost/Transportation Service

    Approximate Cost

    One-way ticket (public transport)

    € 3

    Monthly pass (public transport)

    € 100

    Taxi 1 km normal tariff

    € 2

    Price of diesel (as of 20th June)

    € 2.2 per litre

    Price of gasoline (as of 20th June)

    € 2.2 per litre

    Cabs (minimum cost)

    € 3.19 per km

    [1][2]

    4. Utilities

    Basic utilities such as electricity connection, gas supply, internet package and mobile prepaid plans also impact the cost of living in Amsterdam. The table below shows the approximate monthly cost of various utilities in the Dutch capital –

    Utilities

    Approximate Cost

    Electricity, cooling, heating, water, garbage

    € 177

    Local prepaid mobile tariff (1 min)

    € 0.13

    Unlimited internet package

    € 47

    5. Entertainment and Leisure

    Amsterdam is the perfect place for party animals. The city offers its residents numerous options to have thrilling nightlife. Furthermore, it also has several restaurants, theatres and parks where one can go to relax after a long day of work or studies.

    Area of Expense

    Approximate Cost

    1 month gym membership

    € 46

    1 hour rent for a tennis court

    € 29

    1 seat at a cinema hall

    € 12

    Meal in an affordable restaurant (1 person)

    € 16

    Three-course meal in a mid-range restaurant

    € 75

    McMeal at McDonald's

    € 9

    6. Childcare and Schooling

    Individuals planning to send their kids to a Dutch school would be happy to know that the government provides a high subsidy for education. Amsterdam has several schools and universities that impart quality education to children. The table below illustrates some of the best schools in Amsterdam along with the curriculum the follow –

    Name of the School

    Curriculum

    Approximate Annual Tuition Fees

    The British School of Amsterdam

    British

    €18,030

    Amity International School Amsterdam

    International Baccalaureate

    €17,870

    Amsterdam International Community School

    International Baccalaureate

    €6,124

    International School Hilversum Alberdingk Thijm

    International Baccalaureate

    € 4.326,00

    Gifted Minds International School

    International Baccalaureate

    €15,300

    International School Haarlem

    International Baccalaureate

    €5,450

    Optimist International School

    British, International Baccalaureate

    €4,960

    Amstelland International School

    International

    €5,530

    International School Utrecht

    International Baccalaureate

    €4,450

    International French School Amsterdam

    French

    €10,270

    How Expensive Is Amsterdam Compared to Other Top Cities?

    The cost of living in Amsterdam is more than that of 85% of cities in the world. The consumer prices in Amsterdam are 1.50% higher than in Los Angeles. Also, restaurant prices are 40.94% higher in Amsterdam than that in Singapore.

    Now that you know the cost of living in Amsterdam, plan your expenses accordingly. This will allow you to save a lot of money from your monthly budget.

    Frequently Asked Questions

    Cost of Living in Amsterdam: Average cost & Top Expenses (2024)

    FAQs

    Cost of Living in Amsterdam: Average cost & Top Expenses? ›

    Summary of cost of living in Amsterdam, Netherlands: A family of four estimated monthly costs are 3,856.2$ (3,619.4€) without rent. A single person estimated monthly costs are 1,100.4$ (1,032.8€) without rent. Amsterdam is 32.6% less expensive than New York (without rent).

    What is average cost of living in Amsterdam? ›

    Summary of cost of living in Amsterdam, Netherlands: A family of four estimated monthly costs are 3,856.2$ (3,619.4€) without rent. A single person estimated monthly costs are 1,100.4$ (1,032.8€) without rent. Amsterdam is 32.6% less expensive than New York (without rent).

    How much money is enough in Amsterdam? ›

    What is the average daily budget for a trip to Amsterdam? The average daily budget for a trip to Amsterdam can vary depending on your travel style and preferences. However, a rough estimate for a budget traveler would be around €60-80 per day, while mid-range travelers can expect to spend around €100-150 per day.

    What is the average price to go to Amsterdam? ›

    Amsterdam vacation information
    Top vacation (Flight+Hotel)$526
    Family vacation (Flight+Hotel)$469
    Romantic vacation (Flight+Hotel)$537
    Luxury vacation (Flight+Hotel)$597
    Budget vacation (Flight+Hotel)$422

    What is the cost of living in the Netherlands in US dollars? ›

    A family of four estimated monthly costs are 3,544.5$ (3,325.7€) without rent. A single person estimated monthly costs are 1,015.5$ (952.8€) without rent. Cost of living in Netherlands is, on average, 13.5% lower than in United States. Rent in Netherlands is, on average, 23.3% lower than in United States.

    Is cost of living in Amsterdam expensive? ›

    The cost of living and working in Amsterdam, Netherlands can vary depending on several factors such as lifestyle, housing options, and job opportunities. Amsterdam is known to be an expensive city, with high costs of living compared to other cities in the Netherlands.

    What is the 30 rule in the Netherlands? ›

    The 30% tax ruling is a tax advantage for highly skilled migrants in the Netherlands. An employer can pay up to 30% of the salary of an expat employee with the 30% ruling free of tax. An enormous tax saving for both employee and employer.

    How much do you need to make to live comfortably in Amsterdam? ›

    The exact monthly expense for an individual primarily depends on their lifestyle. However, the approximate cost of living in Amsterdam for a family of four and a couple is € 3,500 and that for a student is € 2,100. Furthermore, the monthly cost of living in Amsterdam for a bachelor is € 2,300.

    How much money do you need to live comfortably in Netherlands? ›

    The cost of living in the Netherlands for a single person = ~ €1,782 per month and ~ €21,384 per year. Average cost of living in the Netherlands for a student = ~ €1,250 per month and ~ €15,000 per year. Cost of living in the Netherlands for a family = ~ € 4,102 per month and ~ €49,224 per year.

    Is 100000 a good salary in Amsterdam? ›

    How decent are 100,000 Euros gross per year salary in Amsterdam for a couple? If you earn a combined income of € 100k Euro a year you are both earning 25% above the national average, which normally would provide you with a comfortable but not extravagant lifestyle, but here is the kicker.

    Is Amsterdam expensive for Americans? ›

    A significant part of your Amsterdam trip costs will be accommodation. Hostels in Amsterdam center are known for being expensive, averaging around $185 USD per night. If you're staying one night, that's great for spoiling yourself. But there are cheap places to stay in Amsterdam.

    What month is cheapest to fly to Amsterdam? ›

    Off season:

    Cheap flights to Amsterdam are usually found during the winter months of December through February, when the weather is extremely cold. If you go during the cold months of November/December through March, there will be plenty to do and fewer people trying to do it.

    How much does a meal cost in Amsterdam? ›

    Dining Out in Amsterdam
    FoodAverage Cost
    Sandwich€4 - €11
    Lunch€8 - €15
    Fast food€10 - €15
    Dinner for 2€50 - €90
    2 more rows
    Sep 19, 2023

    Does the Netherlands accept US dollars? ›

    As in most European countries, the currency of the Netherlands is the Euro (symbolised as EUR or €). Other currencies are normally not accepted, so be sure to change dollars, etc.

    Which is better USA or Netherlands? ›

    Both nations offer world-class education and employment opportunities to overseas students. Hence, it can become a bit difficult to choose between the Netherlands and the USA for higher education, as both options are excellent.

    Is Amsterdam cheaper than USA? ›

    Cost of living in Amsterdam (Netherlands) is 28% cheaper than in New York City (United States) How much money will you need in Amsterdam? Find out with your own Salary Calculation. This comparison is based on abundant and consistent data.

    What is a good salary to live in Amsterdam? ›

    The median gross expat salary in Amsterdam (2024) as reported by PayScale Inc is €52,000. Likewise, Numbeo lists an average net salary (2024) in Amsterdam of €3,585 per month which is the equivalent of €61,500 per year.

    Is 80000 a good salary in Amsterdam? ›

    A salary of €80.000 is extremely good. The country's average is somewhere around €24.000 per person. The 80k salary mentioned would usually be about what three people would earn together, working 40 hours a week, for most of the year. So yeah, an expat earning that amount alone would be very good indeed.

    Is 60000 a good salary in Amsterdam? ›

    With €60,000 you're earning 1.5 times the average income, which for many jobs is a decent salary. Summary of cost of living in Netherlands: A family of four estimated monthly costs are 3,133.0€ without rent. A single person estimated monthly costs are 900.7€ without rent.

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