🇲🇳 Mongolia · #442 of 538 cities · 2026

Cost of Living in Ulaanbaatar

Very affordable — cheaper than 17.8% of cities worldwide

Ranked #442 of 538 cities · More expensive than 17.8% of cities worldwide

Very affordable
Cost of Living
Very affordable
Rent
Affordable
Groceries
Weak
Purchasing Power

Lower index = more affordable

Rent Prices

Rent Prices in Ulaanbaatar

Apartment City Centre Outside Centre You Save
1-Bedroom MNT 1,795,118/mo ≈ $502 MNT 1,346,339/mo ≈ $377 25%
3-Bedroom MNT 3,125,364/mo ≈ $874 MNT 2,344,023/mo ≈ $656 25%
Estimated from rent index. Actual prices vary. · 2026

Cost Indices

Cost of Living
34.5 Very affordable
Rent
16.8 Very affordable
Groceries
37.7 Affordable
Restaurants
26.7 Very affordable
Purchasing Power
45.4 Weak

Living in Ulaanbaatar: What to Expect

Ulaanbaatar is very affordable by global standards (ranked #442 of 538 cities), cheaper than 17.8% of cities worldwide.

Groceries are affordable, while dining out is very affordable. Rent offers the best value, while Groceries is the priciest.

Local purchasing power is limited — residents can afford fewer goods and services than in most cities.

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