Top 10 Cheapest Countries to Live in Europe

Top 10 Cheapest Countries to Live in Europe

One may think that Europe are mostly expensive countries, where expensive rental prices are the norm. However, the reality of European nations is quite different, while some countries are indeed expensive, others are surprisingly affordable.

Here is the list of the cheapest countries to live in Europe, and why these countries are the best places to live:

10. Latvia.

Latvia is a green country on the Northern coast of Europe. It’s one of the cheapest places to live in developed Europe.

Latvia boasts diverse top sectors, with many work opportunities for expats especially in international industries related to exports. Riga, the capital of Latvia, is a charming city. The cost of living in Europe is rarely dirt cheap, but Riga offers much of the quaint romance of western Europe at a lower cost, and without the madness of some western European countries.

The food price can be quite cheap. Even some of the city’s better restaurants offer business lunches for as little as five euros, which come complete with coffee, tea, or sometimes even wine. Monthly rent for an 900 Sqft apartment in normal area is $500.


9. Belarus.

Belarus is an eastern European country that borders Poland, Ukraine and Russia, its major industries include metal-cutting machines, tractors and trucks. With about $450 in monthly estimated expenses plus about $440 in monthly rent for a one-bedroom apartment in the center of Minsk, a single person can live comfortably on under $1,000 a month.

But monthly rent for 85m2 (900 Sqft) furnished accommodation in normal area is only $340. The food can be really cheap. Usually, the dishes of Belarusian national cuisine are inexpensive even in restaurants ($7 for basic lunchtime menu in the business district).

Living in Belarus means life in a laid-back and pleasant atmosphere; however, most of the services are still developing.


8. The Czech Republic.

The Czech Republic is a cheap place to live in Europe. This European country borders Germany, Austria and Poland, and has a population of 10.

6 million. However, if you travel away from Prague, the country offers excellent real estate bargains and pretty low cost of living. There are many picturesque towns in The Czech Republic, and you can get great real estate bargains on the country side, as foreigners and Czechs prefer to move to Prague.

The standards of living in the Czech Republic is comparable to those of Germany, for half of the price. With around $800 per month you will be able to cover all of your basic costs in the country. It is also a great place for beer lovers, and those seeking nightlife, or outdoor activities.


7. Slovakia.

Slovakia is not as cheap as Bulgaria, Romania, or Hungary, but it does offer better values than most of the rest of Europe, plus you get the advantage of feeling like a pioneer. Here you can eat well, drink well, and find plenty of sights to marvel over at a fraction of the cost of the countries to the west.

You can get a big multi-course lunch and a glass or two of good wine for less than $10. Slovakia can offer to nationals and expats free education and healthcare systems, as well as an efficient infrastructure.

Thanks to the rise in living standards and fall in unemployment, working in Slovakia is gaining in popularity with expats.


6. Poland.

Poland has one of the higher local purchasing powers of the cheapest countries.

Any incomes earned locally will go further, especially with the country’s lower prices on grocery and consumer goods. Poland is slowly becoming a hotspot for international travelers and expats. The big cities are very modern and have all the Western amenities you could need, but at half the prices spend in Germany.

Teaching is an option, but there are also a whole set of professional service job opportunities to be found that can pay very well. Rent for a 1-bed apartment starts at around $350 and a meal out at an inexpensive restaurant is only around $5.


5. Hungary.

One of the most thriving and best developed states in Central and Eastern Europe, Hungary represents a top destination for expats and tourists around the world. Hungary is certainly one of the best countries to live in Europe, even if it wouldn’t be quite cheap to live here.

The monthly budget per person in Budapest starts from $700 per month to cover all expenses. Real estate prices are picking up in the central districts of Budapest, and a budget of $1000 is enough to live in one of these areas.

If you get into smaller towns, you can get a large house for that money. But the major urban areas are of course where jobs are more plentiful for expats hoping to work in Hungary.


4. Bulgaria.

Bulgaria, one of the oldest in the Europe, is situated in south – east Europe.

It is one of the cheapest countries in Europe to live and has quickly become a favorite among travelers. The Bulgarian people are some of the friendliest in Europe. With $1,000, you can have a better standard of living than the average of person living in countries such as Switzerland, Austria, Germany.

This money will be enough for you to rent a 1-bedroom apartment, buy quality food, to go out with friends for a drink or to eat something, to buy clothes, and to go out to cinema regularly. Teaching English and tourism jobs are popular jobs here.


3. Romania.

Romania is another country in Eastern Europe that offers great opportunities for expats. It has a diverse economy which includes self employed businesses, fast growing start ups, and high income job opportunities.

The country has a delicious cuisine, a pretty affordable cost of living, and an unmatched natural beauty. The budget for a single person in Romania starts from $600 to cover all of his expenses. It is also easy to get a residence permit in Romania, even if you are not an EU citizen.


2. Ukraine.

Ukraine is another eastern European nation situated next to Russia and the Black Sea. About 44.4 million people live in Ukraine, whose industries include coal, electric power, chemicals and more.

More than 45% of expats saying that the cost of living is extremely affordable in Ukraine. Local incomes are still low, which gives it one of the lowest purchasing powers of the cheapest countries. Monthly rent for an apartment in normal area is $350.


1. Georgia.

Georgia is a hidden gem that some people may not have heard of. With a famous wine region and sandy beaches along the Black Sea, the country offers stunning landscapes, a rich culture and very affordable living.

From $500 per month you can already live in Georgia. However, anything above $1000 in Georgia will grant you a great lifestyle. The average net monthly salary in the country’s capital is just $300. Apart from its very low overall cost of living, the country has one of the most relaxed residence permit policy in Europe.


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