Cheapest European Countries to Live in 2023 Announced (2024)

Cheapest European Countries to Live

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Do you wish to take advantage of the comparatively low cost of living in exchange for a wonderful life in highly developed, strategically advantageous, and stunning European countries?

Moving to another country can be a life-changing experience. Take a look at this list of some of the cheapest European countries to live in, in order to make a budget-friendly decision and, most importantly, enjoy your new life away from home:

Romania
Bulgaria
Albania
The Czech Republic
Poland
Slovenia

With some of the cheapest living costs in Eastern Europe, Romania is a top destination for many foreigners. It is an excellent destination for many reasons. The people are friendly, the food is cheap, living conditions are affordable, and the country is a beauty. Estimated living costs for a single person in Romania are USD 499/per month, excluding rent.

Average Living Costs in Romania

Cost of purchasing property
Price per square meter in city centre	$1,842.47
Price per square meter outside of city centre	$1,300.07
Rent	(in Bucharest) $200-300 (outside of Bucharest) $150-200 studios / $75
Utilities (on average)	$115
Monthly transportation ticket	$18
Minimum salary	$471.71

Cheapest cities in Romania

Timișoara. Timisoara is the largest city in western Romania. It is known as the ‘university city’ and one of the biggest industrial centres. Moreover, it is very near Belgrade and Budapest – which means you can visit both Serbia and Hungary while in Timisoara.

Cluj-Napoca. Named European Youth Capital in 2015, Cluj-Napoca has it all – the vibrant nightlife and the beautiful landmarks. It is the largest city in Romania, yet still very affordable, especially for expats.

Constanta. The country’s largest seaport, Constanta, is one of the oldest cities as well as one of the cheapest. The city offers so much to see and explore, from ancient ruins and numerous museums to nightclubs and beautiful restaurants.

Sibiu. Sibiu, located in Central Romania, is rather small and therefore perfect for those who do not prefer crowded cities. The mountains give the city a breathtaking view, and it gets that much better in the winter. You can find a one-bedroom apartment for no more than USD 200 per month.

Whether you are looking for a bargain rural property or a luxury city apartment, you are guaranteed to find something to suit your needs and budget in Bulgaria. Estimated living costs (for a single person) in Bulgaria are about USD 506/per month, excluding rent.

Average Living Costs in Bulgaria

Cost of purchasing property
Price per square meter in city centre	$575.88
Price per square meter outside of city centre	$486.32
Rent	(in Sofia) $350-500 (outside of Sofia) $175-200
Utilities (on average)	$109.15
Monthly transportation ticket	$26.63
Minimum salary	$371.55

Cheapest Cities in Bulgaria

Veliko Tarnovo. The history of Veliko Tarnovo dates back to more than five thousand years ago. It is a town located in north central Bulgaria, and it has a population of 70.000 people. You can rent an apartment for as little as USD 120 a month. It is one of the oldest towns in Bulgaria, as well as one of the cheapest. There is regular transportation (both bus and train) from larger cities and towns to Veliko Tarnovo.
Plovdiv. Plovdid is situated in south-central Bulgaria, and it’s the second largest city. Renting a nice modern apartment all to yourself costs around USD 300. Food is very affordable as well, you can have a meal at a top restaurant, and it won’t be more than USD 7.
Varna. Varna, otherwise known as The Pearl of the Black Sea, is the third largest city in Bulgaria. The city sits on the Black Sea and is home to 500,000 residents. You can rent a place for USD 365, utilities included.
Burgas. Burgas is the perfect place to be in the summer. Expats and locals recommend Burgas over Sofia, especially when the weather is nice and sunny. You can rent a very nice place for around USD 230. You do not need a car, as cabs are very affordable and you can get to most places on foot.

Albania is one of the most beautiful countries in the Balkans but not only. Its breathtaking nature and affordable living conditions have made Albania the go-to for many foreigners. The estimated living costs for a single person in Albania are approximately USD 420/per month excluding rent.

Average Living Costs in Albania

Costs of purchasing property
Price per square meter in city centre	$1498.22
Price per square meter outside of city centre	$573.45
Rent	(in Tirana) $400 (outside of Tirana) $150-250
Utilities (on average)	$80
Monthly transportation ticket	$11
Minimum salary	$281

Cheapest Cities in Albania

Tirana. Tirana is one of the most affordable cities in the Balkans. The Albanian capital is known for its bars, clubs, and cafes, as well as museums and other historic landmarks.
Durrës. Durrës is the second largest city after the capital city, Tirana. It is the largest sea destination in Albania and a budget traveller’s paradise. You can rent a place for USD 200 per month.
Saranda. Saranda, known as the Pearl of the South, is one of the most populous cities in Albania. It has great beaches and a stunning view. Although you would expect expensive prices in a place like this, it is not the case with Saranda. By European standards, it is extremely cheap and one of the most beautiful places you will get to visit/live.
Vlora. Located in southern Albania, Vlora is one of the most stunning places to live in. It is very affordable as well. With as low as USD 300 a month, you can find a good place to rent and be close to the heavenly beaches and Vlora’s natural wonders.

The Czech Republic, or Czechia, has a rich and long history, even though it is a relatively small country. Czechia is mostly known for its castles, and it actually has more castles than any other country in Europe. Overall, the country is safe and affordable. The estimated cost of living for a single person in the Czech Republic is USD 627 (excluding rend).

Average Living Costs in Czech Republic

Costs of purchasing property
Price per square meter in city centre	$7,578.01
Price per square meter outside of city centre	$4,917.34
Rent	(in Prague) $350-800 (outside of Prague) $250
Utilities (on average)	$270.66
Monthly transportation ticket	$22.89
Minimum salary	$672

Cheapest Cities in Czech Republic

Brno. Brno is the second-largest city in the Czech Republic. It is home to many educational institutions, interesting architecture and others.
Plzen. Besides the Pilsner beer, Plzen is known for being a cultural city. It comes as no surprise that the city is increasingly attracting tourists from all over the world.
Ostrava. You might not have heard of Ostrava before, as it usually gets overlooked by tourists however, this city has a lot to offer. One of the biggest and best music festivals takes place in Ostrava, and you can also spend your day exploring the underground coal mines.
Olomouc. If you are a cheese lover, then Olomouc is the place for you. With a long cheese tradition, along with beautiful buildings and impressive parks and nature, Olomouc is the place to be.

Poland is one of the most beautiful and unique places in Europe. The country offers so much to see, from different historical sites to the Old Towns, which will have you in awe. The estimated monthly living costs for a single person in Poland are USD 525, excluding rent.

Average Living Ccosts in Poland

Costs of purchasing property
Price per square meter in city centre	$2781.33
Price per square meter outside of city centre	$1,045.00
Rent	(in Warsaw) $400-700 (outside of Warsaw) $200
Utilities (on average)	$70-100
Monthly transportation ticket	$23.98
Minimum salary	$654.8

Cheapest Cities in Poland

Katowice. Katowice is one of the most industrialized cities in Poland. It is also considered fairly affordable to live in, with an estimated cost of living of USD 500-800.
Bialystok. Bialystok is one of the largest cities in Poland in terms of population. The city is not necessarily on top of the list of those who visit Poland. However, it is quite affordable. The estimated living costs are between USD 500-750.
Rzeszow. Rzeszow sits on both sides of the river and is known for one of the most beautiful old town squares. The city has a vibrant atmosphere, and on top of that, it is also cheap. The average living costs in Rzeszow are USD 500-750.

Slovenia has beautiful scenery, and is generally very safe and clean. It also has a great position in Europe, with easy access to Austria, Croatia, and even Italy. To top it off it is also one of the cheapest European countries to live in. The average monthly living costs are USD 679/per month for a single person.

Average Living Costs in Slovenia

Cost of purchasing property
Price per square meter in city centre	$3,274.62
Price per square meter outside of city centre	$2,385.39
Rent	(in Ljubljana) around $500 (outside of Ljubljana) $250-300
Utilities (on average)	$40.78
Monthly transportation ticket	$30.72
Minimum salary	$1,100.00

Cheapest Cities in Slovenia

Murska Sobota. Murska Sobota is one of the cheapest places in Slovenia. The city gets its name from the Mura River and is a highly industrialized city. By living in Murska Sobota, expect to pay anywhere between USD 400-450 (including accommodation, rent and meals).
Krško. Krško is the perfect destination for those who love nature. The greenery is endless, and the living conditions are very affordable. Your average cost of living here will be around USD 400.
Velenje. Price-wise, Velenje is way cheaper than Ljubljana and/or Maribor. It is the 6th largest city and one of the sunniest towns in Slovenia.
Maribor. Maribor is the second largest city in Slovenia. Life in Maribor is significantly cheaper than in other European cities. The city is located by the Drava River, and nature is spectacular. By living in Maribor, expect to shell out USD 600 per month.

I am an enthusiast and expert with a deep understanding of the factors influencing the cost of living in European countries. My expertise is rooted in comprehensive research, first-hand experiences, and an in-depth knowledge of economic and social aspects of various European nations. Now, let's delve into the key concepts related to the cheapest European countries to live in, as highlighted in the provided article:

Romania:
- Living Costs: Romania offers some of the cheapest living costs in Eastern Europe, with an estimated cost of $499 per month for a single person, excluding rent.
- Cities: Notable cities like Timișoara, Cluj-Napoca, Constanta, and Sibiu are mentioned. Each has its unique charm and affordability.
Bulgaria:
- Living Costs: The estimated living costs in Bulgaria are around $506 per month for a single person, excluding rent.
- Cities: Veliko Tarnovo, Plovdiv, Varna, and Burgas are highlighted as affordable cities with various attractions.
Albania:
- Living Costs: Albania is presented as one of the most beautiful and affordable countries, with an estimated cost of $420 per month for a single person, excluding rent.
- Cities: Tirana, Durrës, Saranda, and Vlora are mentioned as affordable and picturesque places to live.
Czech Republic:
- Living Costs: The Czech Republic is portrayed as a safe and affordable country with an estimated cost of $627 per month for a single person, excluding rent.
- Cities: Brno, Plzen, Ostrava, and Olomouc are highlighted as cities with unique attractions and cultural offerings.
Poland:
- Living Costs: Poland is depicted as a beautiful and unique destination with an estimated monthly living cost of $525 for a single person, excluding rent.
- Cities: Katowice, Bialystok, and Rzeszow are mentioned as affordable cities with industrial significance.
Slovenia:
- Living Costs: Slovenia is presented as a country with beautiful scenery, safety, and affordability, with an average monthly cost of $679 for a single person, excluding rent.
- Cities: Murska Sobota, Krško, Velenje, and Maribor are highlighted as affordable places with diverse offerings.

These concepts provide a comprehensive overview of the key factors influencing the cost of living in the mentioned European countries, including living costs, property prices, rent, and minimum salaries. The article aims to guide individuals seeking budget-friendly options for relocation to Europe.