The economy of Montenegro is mostly service-based and is in late transition to a market economy.
Podgorica is the capital and largest city of Montenegro. Podgorica is the administrative centre of Montenegro. Most of Montenegro's industrial, financial and commercial base is in Podgorica.
Podgorica has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.