SHARE
COPY LINK
For members

COST OF LIVING

Living in Austria: Five things that are actually cheap

Anyone that lives in Austria will know that it’s an expensive country. But there are a few things which are surprisingly cheap.

A waiter holds beers as he stands next to Austrian soldiers at a ceremony in Vienna.
Photo: SAMUEL KUBANI / AFP

Whether it’s buying a loaf of bread, shopping for furniture or even a house, it’s highly likely that it will cost more in Austria than it does in your home country.

In fact, a study by GOBankingRates ranked Austria at number 19 in the top most expensive countries in the world to live, coming in above the UK and neighbouring Germany.

Austria’s high rates of taxation is cited as the main reason. But thankfully, it’s not all bad news.

Depending on where you’re from, there are actually some things in Austria that are cheaper than other western countries.

Here are five of them.

Beer

For anyone familiar with going out in cities like London, where the average cost of a pint of standard lager is around £4.50 (€5.20), buying beer in Austria is surprisingly cheap.

The average price for a pint of domestic beer in Austria is €3.20 – around £2.76.

Then there is Vienna, which is the capital city and often more expensive than the rest of the country. But beer is still cheaper with the average price for a half litre of beer in a bar at €4.20 (approximately £3.60 or US$5).

And if you want to drink at home it costs even less with the average price of a can of domestic beer at €0.49 and other beers at around €1.29.

The big difference in price comes from the tax rate. For example, in the UK, tax on beer, wine and spirits is 20 per cent. But in Austria it’s just nine per cent.

A Budweiser beer floats by the Wilder Kaiser mountain in the Tyrolean alps, western Austria. Photo: JOE KLAMAR / AFP

Rent

In most places in Austria, rent is affordable. Especially when compared with other western countries like the UK and the US.

Even in Vienna rent is significantly cheaper than other capital cities like Paris and London. This is due to subsidised social housing with around 60 per cent of Vienna’s residents living in rent-controlled apartments.

According to the latest figures from Expatistan, the average cost to rent an 85 m2 apartment in Vienna is €1,017. In Paris, the average cost is €2,053 and in London it’s £1,801 (€2,085). 

That’s a big difference and one of the main reasons that Vienna is regularly named as one of the best places to live in the world.

Outside of Vienna, the average cost of rent in Austria for an 85 m2 accommodation is €1,108. In France it’s €1,180 and in the UK it’s £1,114.

Petrol

Austria can be cheaper for petrol. But this very much depends on where you’re from with fuel prices varying around the world.

If you’re from the USA where the average price for a litre of petrol is US$0.64, then petrol in Austria is much more expensive than back home.

However, for those from countries like the UK, Germany, France and Italy, petrol in Austria is definitely cheaper.

The average price for a litre of petrol in Austria is €1.10. To offer a comparison, in Italy it’s €1.41. 

Coffee

Austrians love coffee, which is no surprise with it being next door to Italy. Coffee is also quite cheap to buy in cafes – especially when compared with other places.

The average price for an espresso in Vienna is €2.70 and a cappuccino is €3.90. It can be more expensive in tourist areas though.

Whereas in London, the average price for a cappuccino is £3.50 (approximately €4) and in Zurich it’s CHF5 (around €4.50). 

In general, the average price for a cappuccino in a café in Austria is €3.15.

Of course, there are other places in the world where coffee is much cheaper (hello Portugal at €1.69). But when you live in an expensive country like Austria, you have to take a win when you find it.

Customers play chess while drinking coffee at the Cafe Prueckel in Vienna, Austria. Photo: JOE KLAMAR / AFP

Public transport

Cost savings on public transport are available throughout Austria. 

Even in Vienna, which for a capital city of a wealthy European country has an affordable public transport system.

First, children under six in Vienna travel for free on all forms of public transport (train, bus, tram) and under 15s travel for free on Sunday, public holidays and during official school holidays.

For adults, a single travel ticket costs €2.40. An unlimited 24-hour pass costs €8 and the price for an unlimited weekly pass is €16.20. 

But you can buy an annual pass (Jahreskarte) for all public transport in Vienna for just €365.

In London, an annual travel card for zones 1 to 9 on the tube and rail service costs £3,764. This alone makes many Brits in Vienna very happy.

For a country-wide overview, the average cost for a monthly public transport pass in Austria is €48 – quite a reasonable price.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.
For members

ENERGY

EXPLAINED: How high will heating bills be this winter in Germany?

The cost of energy is expected to rise again this coming winter, even though the government's price cap is supposed to be in effect until April 2024. Here's what households can expect.

EXPLAINED: How high will heating bills be this winter in Germany?

The onset of winter will raise concerns for many in Germany about the cost of heating their homes, with memories of last year’s rocketing prices and concerns over domestic gas supply resurfacing. 

But, compared to last year, the energy prices have now largely stabilised, though they are still higher than in 2021.

The stabilisation in prices is partly thanks to the government’s energy price cap which came into force earlier this year to cushion the blow of soaring energy prices by capping electricity costs at 40 cents per kilowatt-hour and natural gas at 12 cents.

READ ALSO: Germany looks to extend energy price cap until April 2024

The federal government plans to maintain this cap until the end of April, though this could be extended even longer, if necessary. 

How high are heating costs expected to go this year?

For the current year, experts from co2online expect somewhat lower heating costs than last year.

Heating with gas, for example, is expected to be 11 percent cheaper in 2023 than in 2022, costing €1,310 per year for a flat of 70 square metres. 

The cost of heating with wood pellets will drop by 17 percent to €870 per year, and heating with heating oil will cost 19 percent less and amount to €1,130.

According to co2online, the costs for heating with a heat pump will drop the most – by 20 percent to €1,1105. The reason for this, according to co2online, is a wider range of heat pump electricity tariffs.

Tax hikes in January

Starting January next year, the government will raise the value-added tax on natural gas from seven to nineteen percent.

Alongside this, the CO2 price, applicable when refuelling and heating, will also increase.

According to energy expert Thomas Engelke from the Federal Consumer Association, these increases will mean that a small single-family household with three or four people that heats with gas would then pay about €240 more per year for gas.

“That’s a lot”, he said. 

Another additional cost factor to consider is that network operators also want to raise prices. However, the federal government plans to allocate €5.5 billion to cushion this increase for consumers as much as possible, so how such cost increases will ultimately affect consumers is currently hard to estimate.

READ ALSO: Why people in Germany are being advised to switch energy suppliers

Overall, it can be said that, from January, consumers will have to brace themselves for higher energy costs, even though massive increases are currently not expected.

Consumer advocate Engelke advised customers to closely examine where potential savings could be made this upcoming winter: “Those who are now signing a new gas or electricity contract should inform themselves and possibly switch. Currently, you can save a few hundred euros. It’s worth it. On the other hand, you should also try to save as much energy as possible this winter.”

SHOW COMMENTS