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East Asia

Cost of living in Mongolia

Capital: UlaanbaatarMongolian, RussianUpdated October 2026
34%of US price level

Is Mongolia expensive?

Prices in Mongolia are about 34% of US price levels (World Bank PPP). The most affordable place we cover is Terelj, at about $550โ€“962 a month for a comfortable life.

Cost of living in Mongolia, by place

One person, rent included. SoloSquare estimates in US$.

PlaceMonth, comfortable1-bed rent, centerLocal mealValue
Terelj$550โ€“962โ€”$2.7โ€“5.591/100
Gobi Desert$687โ€“1,240โ€”$2.2โ€“4.979/100
Lake Khuvsgul$687โ€“1,240โ€”$2.7โ€“5.578/100
Ulaanbaatar$825โ€“1,370$412โ€“825$2.2โ€“4.952/100

Cost of living by place

Sources

Compiled and reviewed by SoloSquare. How we compile and score this. Spotted something out of date? Tell us.