Albania is in South Eastern Europe, bordering the Adriatic Sea and Ionian Sea, between Greece in the south and Montenegro and Kosovo to the north. The climate is mild to temperate with cool, cloudy, wet winters and hot, clear, dry summers. The interior is cooler and wetter. The official language is Albanian. It is an Indo-European language that most foreigners will find difficult to understand or learn. An interpreter is essential. English, Italian and Greek are spoken by a few people. The main religions are Islam and Christianity. The economy of Albania is poor-performing by Western European standards, but is making the difficult transition to a more open-market economy from its communist past. In Albania traditional customs are widely respected, however less formality is becoming more common. Take note that shaking your head from left to right means 'yes', while nodding your head up and down means 'no'. The security risk for expatriates in Albania is low overall, but medium in the north. Risks include street crime (such as pickpocketing, mugging and carjacking), poor road conditions, inadequate signage, poor public transport and poor communications. The currency of Albania is the Albanian Lek (ALL). Major credit and debit cards are generally accepted in larger businesses, however smaller businesses and taxis often only accept cash. There are ATMs in Tirana and the main towns. There have been some cases of credit card fraud. Medical facilities are very poor, particularly outside Tirana. The population of Albania is 2.9 Million (2019 est.), while the inflation rate (CPI) is 1.5% for Albania as at July 2019. Xpatulator Hypothetical Tax for Albania is based on the current personal income tax rates which are progressive up to 23%. The minimum monthly salary in Albania for PIT is ALL 24,000, and the first 30,000 is tax free.
Cost Of Living
The cost of living for expatriates / professional migrants in In Albania, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Albania as at 1 July 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very Low 2) Clothing: Low 3) Communication: High 4) Education: Very Low 5) Furniture & Appliances: Low 6) Groceries: Very Low 7) Healthcare: Very Low 8) Household Accommodation: Very Low 9) Miscellaneous: Low 10) Personal Care: Very Low 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Low 13) Transport: Low Albania is for example -42.1% cheaper than USA for groceries, -30.6% cheaper for household costs than UK, and 73.1% more expensive for transport costs than India. The hardship premium for Albania for an expat from Australia, is for example 20%, i.e. host location (Albania) premium of 30% minus home (Australia) location premium of 10%. Albania is ranked as a high degree of hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Albania? Register subscribe to your home location and Albania and run your personalised reports.