Average monthly living expenses in Croatia are estimated between 500 and 800 EUR. The cost of living varies depending on the student's lifestyle as well as the choice of accommodation (e.g. private accommodation vs student dorm). Cost of living also varies according to the city; larger cities as well as cities which are popular touristic destinations are generally more expensive. Regardless, Croatia is still considered to be less expensive than western Europe or the USA.
For more information on average prices in Croatia, please visit Numbeo.
Please note that since 1 January 2023 Croatia has been part of the eurozone and the Schengen area. The official currency of the Republic of Croatia is the euro (EUR).
Major credit cards (American Express, Diners Club, Mastercard/Eurocard, Visa) are widely accepted across the country in shops, hotels and restaurants, but it is advised to check at every point of purchase whether credit cards are accepted. Credit cards can also be used to withdraw cash from many ATMs across larger cities.
Foreign currency can be exchanged in banks, currency exchange offices, post offices and at some hotels’ reception desks.
Banks are usually open from Monday to Friday from 8 am to 7 pm and on Saturdays from 8 am to 12 pm, but office hours may vary, especially in smaller towns. Banks are closed on Sundays and national holidays. Cash points (ATM-Automatic Teller Machines or bankomat in Croatian) are open 24 hours a day, and there are plenty of them (especially in larger cities).
The following documents are needed to open a bank account for non-residents:
- passport, ID or identification card for foreigners issued by the Croatian authorities
- personal identification number (OIB) assigned by the Tax Authority of the Ministry of Finance.
There are usually no additional fees for opening a current account, but account maintenance fees may apply. These fees vary depending on the bank. Some banks also charge fees for closing the account.
For a list of licensed banks in Croatia, please consult the database of the Croatian National Bank.