Ultimate Guide to Cost of Living in Baku: Housing, Utilities, and Monthly Expenses

So, in today’s blog, we will only talk about the cost of living in Baku. How you can buy a house here, how much it costs, or mortgage details. This house of Ayan’s is also on mortgage, and we will talk about his monthly installment, electricity bill, and a little about hotels. So this blog is only for those who want to know what the cost of Baku is. I keep discussing the cost of other areas in my blof as well. We will discuss the cost here in this blog.

So right now I am at Nigar’s house. This is an apartment. Here there are 15–15–202 floors (unclear phrasing) with countless apartments. So, you have seen the apartment. This apartment had a down payment of approximately 4000 manat, and its monthly mortgage is around 360 manat, in my opinion. Here, the rent is also around 360–400 manat depending on the apartment.

This is a one-bedroom apartment: one bedroom, one kitchen, and one washroom. There is also a small gallery where you can keep slippers, etc. Every house here has a heater, AC, and hot water available all the time.

If you see the electricity bill here, it is approximately 50 manat. I will tell the current dollar rate so that people from other countries can also benefit and convert it into their currency. The 4000 manat down payment is for the house; 360 manat is paid monthly, and it is for 25 years. After 25 years, this apartment will belong to the owner.

This comes with all amenities, meaning it is a ready-made house; you only need to keep your own furniture. Additionally, the electricity bill here is 50 manat.

Now we are taking a taxi to the hotel. There is an app here called Bolt, which we will use.

Okay, now I have reached the hotel. My hotel is called Noble Hotel Baku. It is very close to the sea, and you can see the sea from here. The skyline of the city is also visible.

Now we talk about the taxi. When I came by taxi, it took 14 kilometers, and the taxi charged me 6 manat. You can say it is 1 manat for 2 kilometers, which is fair. It was about a one-hour drive from the house we were staying at, Ayan’s house, which I told you about.

Now I exchanged some currency. I exchanged $50 and got 500 manat. The smallest manat is 1 manat. They also have coins of 10, 20, and many small coins. Most people do not use coins. Coins are only used in small shops. This is a 50 manat note, which is, in my opinion, their largest note. Then there is a 20 manat, 10 manat, and 1 manat.

So, you can say that their currency is quite good. One dollar gives you 1.7 manat at today’s rate. This may change later.

So, the taxi charges are covered. Baku is a little expensive. If you go to side areas, it is cheaper, so you can plan accordingly.