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.
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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