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Currency and Cost of Living

Austria - Currency and Cost of Living


The unit of currency in Germany is the Euro (EUR), made up of 100 cents. EUR1 is equivalent to GBP0.67 and US$1.29 in November 2006.

Notes come in denominations of EUR500, EUR200, EUR100, EUR50, EUR20, EUR10 and EUR5, while coins are in denominations of EUR2, EUR1 and 50, 10, 5, 2 and 1 cents.

The cost of living is fairly high in Austria, although it is similar to other Western European countries. Accommodation and restaurant prices are cheaper in rural areas and small towns than in the cities and tourist areas.

Typical prices include:

Litre of milk EUR0.90
Loaf of bread EUR1.50
Litre of wine, from: EUR1.50
Big Mac EUR2.65
10 eggs EUR1.45
1 kg rice EUR1.40
1 kg potatoes EUR0.72

Tipping is widely practised in Austria, where it is customary to tip around 10% of the bill in restaurants, bars, cafes and hair salons, and to tip taxi drivers a similar percentage of the fare. It is also normal to tip porters, cloakroom attendants etc. with small change.


Read more about this country



Expat Health Insurance Partners


Bupa Global

At Bupa we have been helping individuals and families live longer, healthier, happier lives for over 60 years. We are trusted by expats in 190 different countries and have links with healthcare organisations throughout the world. So whether you're moving abroad for a change of career or a change of scene, with our international private health insurance you will always be in safe hands.

Cigna

Cigna has worked in international health insurance for more than 30 years. Today, Cigna has over 71 million customer relationships around the world. Looking after them is an international workforce of 31,000 people, plus a network of over 1 million hospitals, physicians, clinics and health and wellness specialists worldwide, meaning you have easy access to treatment.