In contrast to studies that examine cases of immigrant incorporation where the newcomers differ culturally from the established residents, this study controls for the ethnic identity of immigrants by considering the case of former refugees in Serbia who fled violent conflicts in the early 1990s. It also disaggregates the incorporation concept into three dimensions – social, political and economic. Based on the original survey of 1,200 respondents, this article shows that the three dimensions of incorporation do not move in unison. Immigrants incorporate economically and politically to a greater degree in neighbourhoods where the proportion of immigrants is larger, while they incorporate socially to a lesser degree in those same neighbourhoods, as evident in the tendency to form interpersonal networks consisting mainly of other immigrants.