Published: Monday, 21th October 2024
The cost of living in Mongolia is 6.24 times less expensive as compared to Barbados.
On this page, you will find side-by-side cost comparison between Mongolia and Barbados. We have created 172 cost-of-living indicators. We average the prices of all those indicators and take a mathematically calculated approach to determine which country is more expensive to live in between Mongolia and Barbados.
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Indicators | Mongolia | Barbados |
---|---|---|
1 BHK Apartment in City Center | 800,000 MNT (232 USD) | 2,500 BBD (1,250 USD) |
2 BHK Apartment in City Center | 1,200,000 MNT (348 USD) | 3,800 BBD (1,900 USD) |
3 BHK Apartment in City Center | 1,600,000 MNT (464 USD) | 5,000 BBD (2,500 USD) |
1 BHK Apartment outside City Center | 500,000 MNT (145 USD) | 1,800 BBD (900 USD) |
2 BHK Apartment outside City Center | 800,000 MNT (232 USD) | 2,700 BBD (1,350 USD) |
3 BHK Apartment outside City Center | 1,200,000 MNT (348 USD) | 3,600 BBD (1,800 USD) |
Mortgage Rates Per Month | 1.3 % | 6.85 % |
Realtor Commission | 2 % | 5 % |
Property Taxes | 0.6 % | 0.1 to 0.75 % |
The average housing cost in Mongolia is 5.54 times less expensive than Barbados.
Indicators | Mongolia | Barbados |
---|---|---|
Basic Home Furnishing | 3,000,000 MNT (870 USD) | 4,000 BBD (2,000 USD) |
Electricity Cost Per Month | 50,000 MNT (14.50 USD) | 250 BBD (125 USD) |
Heating Cost Per Month | 70,000 MNT (20.30 USD) | 150 BBD (75 USD) |
Cooling Cost Per Month | 30,000 MNT (8.70 USD) | 100 BBD (50 USD) |
Water Supply Cost Per Month | 30,000 MNT (8.70 USD) | 50 BBD (25 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 59.46% less for Utilities.
The basic home furnishing in Mongolia costs 2.30 times less compared to Barbados.
Indicators | Mongolia | Barbados |
---|---|---|
Standard Wifi Cost Per Month | 40,000 MNT (11.60 USD) | 150 BBD (75 USD) |
Mobile Phone Basic Plan Cost Per Month | 30,000 MNT (8.70 USD) | 100 BBD (50 USD) |
Landline Basic Plan Cost Per Month | 15,000 MNT (4.35 USD) | 40 BBD (20 USD) |
Cable TV Basic Plan Cost Per Month | 20,000 MNT (5.80 USD) | 100 BBD (50 USD) |
The internet and communication costs 84.38% less in Mongolia compared to Barbados.
Indicators | Mongolia | Barbados |
---|---|---|
Long Grain Rice (1 KG) | 3,000 MNT (0.87 USD) | 6 BBD (3 USD) |
Milk (1 Liter) | 1,500 MNT (0.43 USD) | 4 BBD (2 USD) |
Water (1 Liter) | 1,000 MNT (0.29 USD) | 2 BBD (1 USD) |
Bread (500 gm) | 2,000 MNT (0.58 USD) | 5 BBD (2.50 USD) |
Eggs (1 Dozen) | 4,000 MNT (1.16 USD) | 8 BBD (4 USD) |
Cheese (1 KG) | 7,000 MNT (2.03 USD) | 20 BBD (10 USD) |
Chicken Breast (1 KG) | 8,000 MNT (2.32 USD) | 12 BBD (6 USD) |
In Mongolia, the cost of 1 Liter Water and 1 Liter Milk is 4.14 times less expensive than the cost in Barbados.
If you lived in Mongolia, instead of Barbados, you would have to pay 73.04% less for Groceries.
Indicators | Mongolia | Barbados |
---|---|---|
Apples (1 KG) | 4,000 MNT (1.16 USD) | 10 BBD (5 USD) |
Bananas (1 KG) | 3,000 MNT (0.87 USD) | 4 BBD (2 USD) |
Oranges (1 KG) | 3,500 MNT (1.01 USD) | 8 BBD (4 USD) |
Tomatoes (1 KG) | 3,000 MNT (0.87 USD) | 10 BBD (5 USD) |
Potatoes (1 KG) | 2,000 MNT (0.58 USD) | 5 BBD (2.50 USD) |
Lemons (1 KG) | 4,500 MNT (1.30 USD) | 6 BBD (3 USD) |
Onions (1 KG) | 2,500 MNT (0.72 USD) | 4 BBD (2 USD) |
Lentils (1 KG) | 4,000 MNT (1.16 USD) | 7 BBD (3.50 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 3.51 times less for Fruits and Vegetables.
Indicators | Mongolia | Barbados |
---|---|---|
Meal at a Resonable Restaurant | 15,000 MNT (4.35 USD) | 30 BBD (15 USD) |
Three-Course Meal for Two | 40,000 MNT (11.60 USD) | 150 BBD (75 USD) |
Fast Food Combo Meal | 10,000 MNT (2.90 USD) | 12 BBD (6 USD) |
Normal Coffee | 3,000 MNT (0.87 USD) | 5 BBD (2.50 USD) |
Soft Drink | 1,500 MNT (0.43 USD) | 3 BBD (1.50 USD) |
Pizza for One | 25,000 MNT (7.25 USD) | 20 BBD (10 USD) |
Take-Out Delivery Meal | 20,000 MNT (5.80 USD) | 25 BBD (12.50 USD) |
Cigarette Pack of 20 | 5,000 MNT (1.45 USD) | 12 BBD (6 USD) |
Dining-Out costs 73.03% less in Mongolia compared to Barbados.
Indicators | Mongolia | Barbados |
---|---|---|
Wine Mid-Range Bottle | 25,000 MNT (7.25 USD) | 30 BBD (15 USD) |
Glass of Wine | 5,000 MNT (1.45 USD) | 10 BBD (5 USD) |
Domestic Beer Half Liter | 2,500 MNT (0.72 USD) | 4 BBD (2 USD) |
Imported Beer Half Liter | 3,500 MNT (1.01 USD) | 6 BBD (3 USD) |
Domestic Alcohol 1 Liter | 8,000 MNT (2.32 USD) | 25 BBD (12.50 USD) |
Branded Alcohol 1 Liter | 20,000 MNT (5.80 USD) | 40 BBD (20 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 3.10 times less for usual hard drinks.
Indicators | Mongolia | Barbados |
---|---|---|
Monthly Public Transportation Pass | 30,000 MNT (8.70 USD) | 100 BBD (50 USD) |
Single Public Transportation Ticket | 1,500 MNT (0.43 USD) | 2 BBD (1 USD) |
Single Train Ticket | Yet to Update () | 120 BBD (60 USD) |
Domestic Airplane Ticket | 50,000 MNT (14.50 USD) | 200 BBD (100 USD) |
Taxi Start Fare | 5,000 MNT (1.45 USD) | 10 BBD (5 USD) |
Taxi Rate Per Kilometer | 1,500 MNT (0.43 USD) | 3 BBD (1.50 USD) |
Car Rental Per Day | 50,000 MNT (14.50 USD) | 80 BBD (40 USD) |
Parking Fees in City Center Per Hour | 5,000 MNT (1.45 USD) | 3 BBD (1.50 USD) |
Parking Fees outside City Center Per Hour | 2,000 MNT (0.58 USD) | 1 BBD (0.50 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 6.17 times less for transportation.
Indicators | Mongolia | Barbados |
---|---|---|
Reasonable Vehicle Purchase Cost | 20,000,000 MNT (5,800 USD) | 60,000 BBD (30,000 USD) |
Vehicle Registration Cost | 50,000 MNT (14.50 USD) | 400 BBD (200 USD) |
Driving License Fees | 50,000 MNT (14.50 USD) | 100 BBD (50 USD) |
Car Insurance Cost | 200,000 MNT (58 USD) | 1,000 BBD (500 USD) |
Car Maintenance Cost | 100,000 MNT (29 USD) | 300 BBD (150 USD) |
Car Loan Interest Rates | 10 % | 6 % |
Fuel Per Liter | 2,500 MNT (0.72 USD) | 3 BBD (1.50 USD) |
Fuel Per Gallon | 10,000 MNT (2.90 USD) | 11.36 BBD (5.68 USD) |
Average Toll Fees | Yet to Update | 2 BBD 1 USD |
You would have to pay 5.22 times less for Vehicle purchase, daily operation and maintenance in Mongolia compared to that of Barbados.
Indicators | Mongolia | Barbados |
---|---|---|
Doctor Visit | 30,000 MNT (8.70 USD) | 100 BBD (50 USD) |
Specialist Visit | 50,000 MNT (14.50 USD) | 200 BBD (100 USD) |
Dentist Visit | 40,000 MNT (11.60 USD) | 150 BBD (75 USD) |
Eye Exam | 25,000 MNT (7.25 USD) | 80 BBD (40 USD) |
Mental Health Counseling | 25,000 MNT (7.25 USD) | 150 BBD (75 USD) |
Preventive Health Screening | 20,000 MNT (5.80 USD) | 100 BBD (50 USD) |
Physical Therapy | 30,000 MNT (8.70 USD) | 100 BBD (50 USD) |
Emergency Room Visit | 100,000 MNT (29 USD) | 300 BBD (150 USD) |
Hospital Stay Per Night | 150,000 MNT (43.50 USD) | 1,000 BBD (500 USD) |
Vaccinations | 10,000 MNT (2.90 USD) | 60 BBD (30 USD) |
Prescription Medication | 15,000 MNT (4.35 USD) | 50 BBD (25 USD) |
Over the Counter Medication | 5,000 MNT (1.45 USD) | 20 BBD (10 USD) |
Health Insurance Premiums | 60,000 MNT (17.40 USD) | 500 BBD (250 USD) |
Health Insurance Deductibles | 30,000 MNT (8.70 USD) | 1,000 BBD (500 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 11.13 times less for Health and Medical Treatment.
Indicators | Mongolia | Barbados |
---|---|---|
Cosmetic Procedures | 150,000 MNT (43.50 USD) | 2,000 BBD (1,000 USD) |
Spa Treatment | 50,000 MNT (14.50 USD) | 100 BBD (50 USD) |
Manicure Pedicure Cost | 15,000 MNT (4.35 USD) | 40 BBD (20 USD) |
Optical Glasses Cost | 50,000 MNT (14.50 USD) | 200 BBD (100 USD) |
Contact Lenses Cost | 15,000 MNT (4.35 USD) | 100 BBD (50 USD) |
Haircuts | 10,000 MNT (2.90 USD) | 30 BBD (15 USD) |
Hair Coloring | 30,000 MNT (8.70 USD) | 50 BBD (25 USD) |
Shampoo Price | 2,000 MNT (0.58 USD) | 10 BBD (5 USD) |
Toothpaste Price | 1,000 MNT (0.29 USD) | 5 BBD (2.50 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 13.53 times less for Personal Care Items and Treatment.
Indicators | Mongolia | Barbados |
---|---|---|
Pair of Nike Running Shoes | 80,000 MNT (23.20 USD) | 120 BBD (60 USD) |
Men's Shirt | 40,000 MNT (11.60 USD) | 50 BBD (25 USD) |
Women's Dress | 60,000 MNT (17.40 USD) | 80 BBD (40 USD) |
Summer Dress | 50,000 MNT (14.50 USD) | 60 BBD (30 USD) |
Men's Suit | 200,000 MNT (58 USD) | 300 BBD (150 USD) |
Men's Jeans | 50,000 MNT (14.50 USD) | 80 BBD (40 USD) |
Women's Jeans | 50,000 MNT (14.50 USD) | 60 BBD (30 USD) |
Men's Formal Shoes | 70,000 MNT (20.30 USD) | 150 BBD (75 USD) |
Women's Formal Shoes | 70,000 MNT (20.30 USD) | 150 BBD (75 USD) |
Men's Casual Shoes | 50,000 MNT (14.50 USD) | 100 BBD (50 USD) |
Women's Casual Shoes | 50,000 MNT (14.50 USD) | 100 BBD (50 USD) |
Underwear For Men | 5,000 MNT (1.45 USD) | 20 BBD (10 USD) |
Underwear For Women | 7,000 MNT (2.03 USD) | 20 BBD (10 USD) |
Socks For Men | 2,000 MNT (0.58 USD) | 10 BBD (5 USD) |
Socks For Women | 2,000 MNT (0.58 USD) | 10 BBD (5 USD) |
Wintercoat for Adults | 80,000 MNT (23.20 USD) | 150 BBD (75 USD) |
Sportswear | 40,000 MNT (11.60 USD) | 100 BBD (50 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 2.97 times less for Clothing and Footwear for Adults.
Indicators | Mongolia | Barbados |
---|---|---|
Children's Jeans | 30,000 MNT (8.70 USD) | 40 BBD (20 USD) |
Children's Normal Sneakers | 40,000 MNT (11.60 USD) | 60 BBD (30 USD) |
Children's Winter Coat | 50,000 MNT (14.50 USD) | 80 BBD (40 USD) |
Daycare for Infant | 200,000 MNT (58 USD) | 500 BBD (250 USD) |
Daycare for Toddler | 150,000 MNT (43.50 USD) | 450 BBD (225 USD) |
Childcare for Sick Days | 20,000 MNT (5.80 USD) | 80 BBD (40 USD) |
Early Childhood Education Programs | 150,000 MNT (43.50 USD) | 400 BBD (200 USD) |
Extra Curricular Activities | 50,000 MNT (14.50 USD) | 60 BBD (30 USD) |
Summer Camp for Kids | 200,000 MNT (58 USD) | 500 BBD (250 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 4.20 times less for Childcare and kids clothing.
Indicators | Mongolia | Barbados |
---|---|---|
PreSchool Fees | 250,000 MNT (72.50 USD) | 400 BBD (200 USD) |
Primary School Fees | 300,000 MNT (87 USD) | 600 BBD (300 USD) |
Secondary School Fees | 400,000 MNT (116 USD) | 800 BBD (400 USD) |
Private School Fees | 600,000 MNT (174 USD) | 1,200 BBD (600 USD) |
University Tuition Fees | 2,000,000 MNT (580 USD) | 5,000 BBD (2,500 USD) |
University Private Tuition Fees | 4,000,000 MNT (1,160 USD) | 10,000 BBD (5,000 USD) |
After School Activities | 50,000 MNT (14.50 USD) | 100 BBD (50 USD) |
Special Education Services | 200,000 MNT (58 USD) | 300 BBD (150 USD) |
Tutoring | 20,000 MNT (5.80 USD) | 50 BBD (25 USD) |
Textbooks Cost | 10,000 MNT (2.90 USD) | 200 BBD (100 USD) |
School Supplies | 5,000 MNT (1.45 USD) | 100 BBD (50 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 4.13 times less for school and education.
Indicators | Mongolia | Barbados |
---|---|---|
Movie Ticket (Single) | 10,000 MNT (2.90 USD) | 20 BBD (10 USD) |
Theater Ticket (Single) | 20,000 MNT (5.80 USD) | 40 BBD (20 USD) |
Concert Ticket (Single) | 30,000 MNT (8.70 USD) | 80 BBD (40 USD) |
Sports Event Ticket (Single) | 20,000 MNT (5.80 USD) | 60 BBD (30 USD) |
Gym Membership | 30,000 MNT (8.70 USD) | 100 BBD (50 USD) |
Swimming Pool Access | 20,000 MNT (5.80 USD) | 50 BBD (25 USD) |
Museum Entry Ticket | 5,000 MNT (1.45 USD) | 20 BBD (10 USD) |
Zoo Entry Ticket | 10,000 MNT (2.90 USD) | 15 BBD (7.50 USD) |
Amusement Park Entry Ticket | 15,000 MNT (4.35 USD) | 30 BBD (15 USD) |
Bowling | 10,000 MNT (2.90 USD) | 20 BBD (10 USD) |
Mini Golf | 8,000 MNT (2.32 USD) | 25 BBD (12.50 USD) |
Video Games | 20,000 MNT (5.80 USD) | 60 BBD (30 USD) |
Streaming Services | 15,000 MNT (4.35 USD) | 15 BBD (7.50 USD) |
Outdoor Equipment Rental | 10,000 MNT (2.90 USD) | 40 BBD (20 USD) |
Theme Park Annual Pass | 300,000 MNT (87 USD) | 300 BBD (150 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 2.88 times less for entertainment, recreation and fun activities.
Indicators | Mongolia | Barbados |
---|---|---|
Language Classes | 100,000 MNT (29 USD) | 100 BBD (50 USD) |
Parenting Classes | 50,000 MNT (14.50 USD) | 50 BBD (25 USD) |
Art Classes | 15,000 MNT (4.35 USD) | 30 BBD (15 USD) |
Fitness Classes | 10,000 MNT (2.90 USD) | 20 BBD (10 USD) |
Music Lessons | 20,000 MNT (5.80 USD) | 30 BBD (15 USD) |
Dance Lessons | 20,000 MNT (5.80 USD) | 25 BBD (12.50 USD) |
Reading Materials for Classes | 5,000 MNT (1.45 USD) | 20 BBD (10 USD) |
Educational Software | 50,000 MNT (14.50 USD) | 50 BBD (25 USD) |
If you lived in Mongolia, instead of Barbados, you would have to pay 2.08 times less for Private Classes.
Indicators | Mongolia | Barbados |
---|---|---|
Average Gross Monthly Salary | 1,500,000 MNT (435 USD) | 4,000 BBD (2,000 USD) |
Average Net Monthly Salary | 1,000,000 MNT (290 USD) | 3,000 BBD (1,500 USD) |
Minimum Wages | 16,666.67 MNT per hour (4.83 USD) | 33.33 BBD per hour (16.67 USD) |
Average Bonus | 300,000 MNT (87 USD) | 1,000 BBD (500 USD) |
Income Tax Rate | 0 to 10 % | 0 to 17.5 % |
Social Security Contributions | 10 % | 8 % |
Pension Contributions | 10 % | 5 % |
Cost of Living Index | 40 | 75 |
Median Household Income | 1,200,000 MNT (348 USD) | 40,000 BBD (20,000 USD) |
If you lived in Mongolia, you would earn 20.62 times less salary as compared to Barbados.
Indicators | Mongolia | Barbados |
---|---|---|
Legal Consultation Per Hour Rate | 20,000 MNT (5.80 USD) | 200 BBD (100 USD) |
Accounting Services Per Hour Rate | 15,000 MNT (4.35 USD) | 100 BBD (50 USD) |
IT Support Services Per Hour Rate | 12,000 MNT (3.48 USD) | 80 BBD (40 USD) |
Technician Services Per Hour Rate | 10,000 MNT (2.90 USD) | 60 BBD (30 USD) |
Professional Services cost 13.31 times less in Mongolia, as compared to Barbados.
We hope you enjoyed the detailed guide on the cost of living comparsion between Mongolia and Barbados.
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