In this paper, the treatment efficiency of a small-scale wastewater treatment plant (WWTP) with activated sludge was analysed in order to examine the impact of variations in the composition of incoming raw municipal wastewater. The characteristics of the wastewater were analysed with respect to COD, BOD5 and TSS values and loading during the two years, 2018 and 2019. The mixed liquid suspended solid (MLSS), sludge volume index (SVI), food to microorganism ratio (F/M), sludge age and hydraulic retention time (HRT) were used for evaluation of the performance of WWTP. Removal percentage is in the order of TSS > BOD5 > COD during 2018, while in 2019 is in the order BOD5 > TSS > COD. However, better values of removal efficiency for COD, BOD and TSS are obtained in 2019, which is connected to lower oscillation values of MLSS and SVI index. Biodegradability ratio of raw and treated wastewater, plant reliability factor (RF) and equivalent number of inhabitant (ENI) were determined. In addition, the economic cost of small-scale wastewater treatment plant (WWTP) with activated sludge was evaluated and discussed.