10 Cheapest Countries to Live in Europe

10 Cheapest Countries to Live in Europe

Whether you want to escape the routine of 9-5 or looking to live abroad with beautiful beaches, scenic trails, or a busy, metropolitan city; I have gathered the cheapest countries to live in Europe.

Some countries in Europe have a reputation for being expensive but that’s not the picture of entire Europe. In fact, some East European countries are surprisingly affordable and are perfect to retire abroad.

Affordability, health care, safety, and entertainment are some of the most important segments of a digital nomad destination, especially if you are trying to stretch savings.

In this post, I am going to tell you about the top 10 cheap countries in Europe to live in. In addition, I have also gathered a brief detail on the cost of living in Europe that can help you to lead a balanced life.

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Cheapest Countries to Live in Europe

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Cheapest Countries to Live in Europe: BULGARIA

With such a low cost of living, a growing economy and an emerging tech industry, Bulgaria is not only a cheap European country to live in but also enriched with incredible natural beauty.

Surprisingly, this Balkan country is one of the most underrated countries in Europe, whether for living or tourism.

Room rent in Bulgaria is very cheap. You can easily find a one-bedroom studio at $250-300. Like rents, food prices and utility bills in Bulgaria are the lowest in the entire European Union. Transport in most Bulgarian cities is very easy and cheap to get from one place to another.

Things to do in Bulgaria

Bulgaria is blessed with beautiful beaches and incredible mountains. It has approximately 200 km of golden sandy beaches that include Varna, Albena, Golden Sands, St. Constantine and Elena, Sunny Day, and many others. The capital city Sofia is full of history, rich culture, and beautiful architecture. Some of the most magnificent and breathtaking sceneries in Europe can be seen in Bulgaria.

Cheapest Countries to Live in Europe | Bulgaria City
Bulgaria City

Cost of Living in Bulgaria

The monthly budget comes in at less than $800 a month in Bulgaria. Room and food are very affordable in Bulgaria. For a moderate usage of water for showers, laundry, dishwashing, and others, you can expect something like $15-20 per month.

One bedroom apartment: $250-300

Dinning: $4-6 Bread: $.5-.6 Eggs: $1.75/dozen

Internet: $10

UKRAINE

Ukraine is a fascinating and vibrant country, rich in natural beauty and brimming with opportunity for expats. Whether you want to live in the capital city or overlook a sun-washed beach in the west, you’ll find modern, high-quality housing for low prices.

Ukraine is attractive to newcomers for the warmth of its people, the moderate climate, the low-cost living, modern conveniences, and health services, and the rich and vibrant indigenous culture. It is also a perfect destination for those looking for affordable retirement in Europe.

Things to do in Ukraine

Ukraine has fantastic churches, beautiful architecture, fairytale castles, and the magnificent Black Sea coastline. From amazing architecture to interesting history, from mesmerizing culture to delicious cuisines, Ukraine has enough reasons to exceed your expectations.

most affordable places to live in europe | Buildings in Kyiv City
Buildings in Kyiv City

Cost of Living in Ukraine

The capital city Kyiv is certainly not the cheapest place to live in Europe, but it won’t break your bank. If you plan to spend the rest of your life in Ukraine, be ready to pay around $1100 per month. However, alcohol is very affordable in Ukraine. Buying craft beer from stores usually costs around $2 per bottle.

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One bedroom apartment: $300-400

Dinning: $5-6 Eggs: $1.5/dozen

Internet: $8

ROMANIA

Another underrated European country that is quite cheap to live in by the standards of the region is Romania. The country offers delicious foods, a pretty affordable cost of living, and surreal natural beauty.

The low cost of living in Romania allows retirees to increase their travel, take up new hobbies, and generally enjoy a better quality of life. Romania offers something for everyone, and at prices unheard of in the United States.

Things to do in Romania

Romania is a small European country but it has a lot to offer its visitors. From the jaw-dropping view of Transylvania to remarkable UNESCO heritage sites, historical places and castles, Romania will never disappoint you. Among all of these, Bran Castle is the most popular and most visited tourist attraction in Romania.

most affordable countries to live in Europe | Romania
Romania

Cost of Living in Romania

The living cost in Bucharest is more or less the same as Kyiv, but if the environment and natural beauty are also your concern, Romania is the best place to live in. The suggested average monthly budget to live in Romania is around $1100.

One bedroom apartment: $300-350

Dinning: $5-6 Bread: $.5

Internet: $8

Cheap Country to Live in Europe: POLAND

Poland boasts diverse top sectors with ample work opportunities for expats, especially in international industries. Warsaw, the capital city of Poland is a charming city and is considered one of the cheapest cities to live in Europe. Polish is the native language in Poland, but 30 % of people can speak English. So, teaching the English language could be a great profession for expats.

Living in any of the big cities in Poland is considerably cheap compared to any other European countries like Germany, Italy, Switzerland. Food prices can be pretty cheap even in large cities like Warsaw, Krakow. The local transporting system is well developed, you can use the Polski bus or PKP intercity train which is quite affordable. Unarguably, Poland is one of the safest and cheapest

Things to do in Poland

Despite having stunning sea beaches, beautiful mountains, lovely lakes, and national parks, Poland is still not so popular European tourist destination. You can explore the medieval old towns and visit the cathedral, castles and other historical places in Poland.

Old Architectural Buildings in Krakow | best places to live in Europe for an American
Old Architectural Buildings in Krakow

Cost of Living in Poland

Poland is located in central Europe. Despite being situated in an important location, the living cost in Poland is not that expensive. From one-bedroom apartment to dinning, utility bills, internet, everything is pretty affordable in Poland. You can expect to live here for less than $1100 per month.

One bedroom apartment: $400-500

Dinning: $5-6 Bread: $.5

Internet: $10

HUNGARY

It’s hard to find another cheap country to live in Europe with such incredible natural beauty and lots of opportunities. The capital city of Hungary is Budapest, one of the cheapest cities in Europe where you can live on a budget. It is gradually becoming a hotspot for international travelers and expats.

The major cities in Hungary have all the Western amenities you could need, but surprisingly at the half-price spend in any Western European countries.

Things to do in Hungary

The capital city Budapest is extremely safe and one of the best places to travel alone in Europe. The country boasts a beautiful Danube river, Balaton lake, lush green valley, rich history, and vibrant culture. Hungary also offers great opportunities for hiking and other outdoor activities. While visiting Hungary, you must visit Buda Castle and the Hungarian Parliament.

cheapest places in Europe to live | Budapest, Hungary
Budapest, Hungary

Cost of Living in Hungary

Monthly rent for 900 square feet furnished accommodation in normal area is around $350. The food price can be really cheap, especially if you cook yourself, you can save a lot of money. You shouldn’t expect an exotic lifestyle in Hungary. With a monthly expenditure of $1000, you can expect a normal happy life with all the basic amenities.

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One bedroom apartment: $400-500

Dinning: $6-7 Bread: $.5

Internet: $12

SLOVAKIA

Slovakia is a safe and cheap European country to live that has started to attract more expats and international travelers in recent years. You don’t need to break your bank while living and working here, as Slovakia is one of the cheapest countries to live in for Americans.

Slovakia is not as cheap as Bulgaria, or Hungary but offers better values in the standard of living, health care, and education. Here you can eat well, drink well and visit plenty of tourist attractions at a fraction of the cost of the countries to the west.

Things to do in Slovakia

Slovakia is an amazing country with lots of hiking trails, national parks, castles, museums, and UNESCO protected sites. Slovakia’s capital Bratislava is a small city and a great destination for art and history buffs. You need a couple of days to explore Bratislava. Bojnice Castle, Spis Castle, and Bratislava Castle are the most popular castles in the country

10 Cheapest Countries to Live in Europe
Slovakia

Cost of Living in Slovakia

With around $900 per month, you will be able to cover all of your basic costs in Slovakia. A multi-course meal with a glass of wine in a local restaurant will cost less than $10. Transportation is very cheap, local transportation starts from $0.70 per trip

One bedroom apartment: $300-400

Dinning: $7-10 Bread: $.5-.6

Internet: $8-10

LATVIA: Cheapest European Countries to Live

Latvia is a beautiful and cheap spot for retirees to live out their golden years. Everything is affordable here whether it’s housing, healthcare, or groceries.

There are lots of interesting places to explore, different activities to try, and friendly open-minded locals in Latvia. It is one of the cheapest places to live in Europe for English speakers as 27 % of Latvian people speak English and it makes Latvia a honeypot country for digital nomads and expats.

Things to do in Latvia

Latvia offers a variety of recreational options that include hiking, kayaking, skiing, and many other outdoor activities. Visit the famous waterways and open-air museums to know the rich history of the country. Discover the Old Town of Riga and explore the city’s year-old castle and National Opera.

Baltic Sea in Latvia
Baltic Sea in Latvia

Cost of Living in Latvia

A one-bedroom apartment in large cities rents for an average of $1200 and outside the city center you can get it cheaper. If you decide to cook yourself, you can save some extra money at the month-end.

One bedroom apartment: $300-400

Dinning: $7-8 Bread: $.5-.6

Internet: $8-10

BELARUS

Belarus always features among the cheapest countries to live in Europe. The country offers residents a great quality of life with natural attractions and vibrant cultural destinations. A low cost of living is one of the biggest draws for many expats to move to Belarus.

Wherever you go in Belarus, the people will charm you, the fantastic natural beauty will seduce you, and remarkably affordable cost of living will entice you to stay.

Things to do in Belarus

Belarus is one of the least explored countries in Europe. But surprisingly, Belarus offers a lot of great things to do at cheap. As Belarus’s 40 % territory is forest, you can expect an abundance of lush vegetation and picturesque landscapes in the countryside. In addition, you can enjoy several outdoor activities like hiking, canoeing, hunting, and fishing.

Castle in Belarus
Castle in Belarus

Cost of Living in Belarus

Accommodation in Belarus is affordable, whether you choose to live with roommates or by yourself. Food and local transport are pretty cheap. You can live here comfortably at around $1000 per month.

One bedroom apartment: $300-350

Dinning: $4-6 Bread: $.3-.4

Internet: $8

CZECH REPUBLIC

The Czech Republic is one of the safest and affordable places to live in Europe. It is modern, safe, comfortable, and friendly. Czech people welcomes international travelers with open arms. Expats are attracted to the Czech Republic for a dozen reasons, which include the low cost of living, excellent healthcare, beautiful forests, and cool historic architectural buildings.

In general the Czech Republic is not the cheapest place in Europe, but services, food, transport, accommodation, and clothes are cheaper than other western European countries.

Things to do in the Czech Republic

Located in central Europe, the Czech Republic boasts a stunning old town with some wonderful Gothic architecture and historical buildings. Prague Castle, Charles Bridge, and Bohemian Paradise are some popular places and worth visiting in the Czech Republic.

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cheap countries in europe to live | Prague castle
Prague Castle in the Czech Republic

Cost of Living in Czech Republic

As with most countries, the cost of living in the Czech Republic depends on the region you choose to stay in. The capital of the Czech Republic is Prague is a popular tourist destination and more expensive than rural locations. Transportation is affordable, with local public transport tickets starting at around $1 for 30 minutes travel.

One bedroom apartment: $500-650

Dinning: $9-10 Bread: $.9

Internet: $15

MONTENEGRO – Cheapest Places to live in Europe

If you are looking for a cheap European country to live with a natural scenic view, fantastic weather, and affordability, Montenegro is an ideal destination for you. It is also called the pearl of Europe. Room rent, utilities, groceries will be pretty cheap in Montenegro by western standards.

With such a low cost of living, a growing economy, and an emerging tourism industry, Montenegro is becoming a popular and cheap European country for digital nomads. Even the country is not a member of the European Union, Montenegro uses Euro.

Things to do in Montenegro

Montenegro has stunning landscapes, beautiful beaches, and magnificent mountainous countryside to explore. From the impressive Venetian Old Town in Kotor, fjord-like bay to the beautiful national parks and Lipa Cave, Montenegro is full of tourist attractions.

Kotor, Montenegro
Kotor, Montenegro

Cost of Living in Montenegro

You can live an extremely comfortable life for as low as $900 per month. Free public healthcare is not applicable for the ex-pats. Be prepared to pay $10-25 for the Doctor consultation fee.

One bedroom apartment: $250-300

Dinning: $5-6

Monthly bus pass: $15-25

Internet: $15

Cheap is a relative term, so, you need to calculate your budget and then find a country where you can get the right balance between the cost of living and standard of living. So that you can be happy and comfortable whether you are going to start your digital nomad, expat, or retirement life in Europe.

This is my sorted list of the cheapest countries to live in Europe.

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Happy traveling… 🙂

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Cheapest Countries to Live in Europe
Cheapest Countries to Live in Europe

Frequently Asked Questions about Cheapest Places to Live in Europe

1. What are the cheapest countries to live in Europe that speak English?

A: Poland and Latvia are pretty inexpensive European countries where 25-30% of people can understand and speak English. However, you can find English speaking people at almost all the major tourist attractions in Europe.

2. Where are the cheapest and safest Countries to live in Europe?

A: If you plan to move to Europe and looking for a cheap and safe country to live then try to stay near the big city area of any of these four European countries – Slovakia, Hungary, Poland, and the Czech Republic.

3. What is cheapest place to live in Europe for expats?

A: Montenegro and the Czech Republic- these two countries are rapidly growing affordable expat hotspots in Europe. Countries like Ukraine, Poland, and Hungary also attract many expats for the low cost of living, better healthcare, and countless attractions.

4. Where are the cheapest places to live in western Europe?

A: Most of the western European countries are expensive to live in. However, Portugal is an exception where you can live for over half the price of the other western countries.

5. Which country has the lowest cost of living in Europe?

A: Ukraine has the lowest cost of living in the EU region where you can find a one-bedroom apartment near city center at $200-300. Utilities, groceries, and other basic amenities are also cheaper compared to other European countries.

6. Where are the cheapest places to live in eastern Europe?

A: Romania, Bulgaria, and Ukraine are some of the cheapest countries to live in eastern Europe. These countries are inexpensive compared to western European standards. With a monthly expenditure of $800-1000, you can lead a happy, comfortable life with all basic amenities.

7. What is the cheapest European country to study?

A: The cheapest country to study in Europe is Germany. Most of the German universities don’t charge tuition fees and doing a part-time job can cover around 700–800 euros depends on where you live.

This Post Has 7 Comments

  1. Rachel

    Great list! I’ve thought about moving to Europe! Much cheaper than the US!

  2. Julianne

    Thanks for sharing this list! My husband and I often dream of moving to Europe. Hopefully one day!

  3. Chloe

    I live in the UK, which is much more expensive than these European countries. Definitely worth to consider when the opportunity arises in the future.

    1. Trijit Mallick

      Yes Chloe, UK is really expensive. You can choose any of these countries if you want to move in future.

    2. Trijit Mallick

      Yes Chloe, UK is really expensive. You can choose any of these countries if you want to move in the future.

  4. Kiara

    Thanks for the list. I’ve thought about moving over to Europe many times.

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