Having just spent a month in Garmisch-Partenkirchen, Germany, we figured expenses in Innsbruck would be similar. As I was tracking our expenses, there were definitely some surprises - while housing was cheaper, groceries in Austria were much more expensive!
Let’s break down out monthly expenses in Innsbruck, Austria:
We booked a two bedroom VRBO in a large apartment building on the edge of the village of Axams, about 30 minutes outside of Innsbruck. Beautiful views of the mountains from anywhere in the apartment, and hiking trails were just steps away from the building. In August/September it rented for 1,190 Euro ($1,320) for 30 nights. Laundry facilities were on site and required payment.
Within the small village of Axams, we walked around a lot. This included up (and down) a pretty steep incline to our apartment building. We didn’t love that part, but it was tolerable (and living at the top of a hill makes for amazing views)! We knew we would want to travel back and forth to Innsbruck frequently, so we purchased monthly passes for the bus from Axams to Innsbruck. Innsbruck is also pretty walkable and we decided against using public transit with the city most of the time. The bus passes cost about 50 Euro for each adult, and the kids were both free. Total cost of transportation was $110/month.
Groceries in Innsbruck were pricey. In fact, we spent more on groceries in Innsbruck than in any other location on our year long European trip. Although Austria and Germany share a lot of the same grocery stores, the same stores are noticeably more expensive in Austria. We were also frequently limited to small and pricier grocery stores in the local villages (as opposed to larger discount grocers in Innsbruck). We mostly ate at home and eat mostly vegetarian, and our monthly grocery spending was still just above $650 for the month, which is high for us.
We didn’t eat out much in Austria, mainly because eating out is expensive and adds up fast! We limited ourselves to eating out once or twice a week. Fortunately, Italian and Turkish cuisine tends to be less expensive than the local cuisine. More frequently, we would stop for gelato, coffee and cake, or beer and local soft drinks. We spent about $350/month eating out.
This category included cable car excursions, and visiting museums, palaces and castles. The Innsbruck Card covers a lot, and the 72-hour card currently costs 59 Euro/adult and 29.50 Euro/child (6-15 years old). This card is definitely worth looking into! Our entertainment expenses for our month in Innsbruck cost $340 - and we spent much of our time on free entertainment, like hiking, visiting playgrounds and wandering around the picturesque downtown Innsbruck.
Total Expenditures: $3,500 (this definitely includes some frugal living, as well as our medical/life/disability insurance).
Bottom line, Austria is one of the more expensive European destinations, but it’s beautiful and truly worth visiting. The beauty of the countryside is free, and there are many low-cost opportunities to enjoy both the grandeur of the mountains and Innsbruck’s stunning architecture.
If you’re wondering how I still know what we spent - it’s because I use the You Need a Budget software! With this software, I can set my own budget categories as well as my anticipated expenditures for the month. Over time, I can track my income and expenses, create graphs and tables, and analyze my finances in whatever way I like. If you need help keeping your finances on track while traveling (or dreaming of travel!), check out YNAB. Note: This is an affiliate link and I will receive a small commission if you use it to sign up. My opinions about YNAB are my own and remain the same, regardless of whether anyone signs up or not.