Those who relocate to these nations pay a premium for a German salary. These are the European Union countries with the lowest living costs:
Moving to another EU country can save you a lot of money. True, Germans already have a lower cost of living than the rest of the world. In an EU comparison, only two neighbouring countries are less expensive than Germany. According to Eurostat, Germany’s price level in 2019 was 6.8% higher than the EU average.
However, it is still significantly less expensive. For a sample basket of over 2,000 products and services, some countries are practically half the price that must be paid in the Union.
These are the cheapest EU countries
cheapest country to stay in Europe: In 2019, Estonia ranked tenth among EU nations with the lowest cost of living. According to Eurostat, adjusted for buying power, spending on goods and services was 14.9% lower than the EU average. As a result, Estonia came out ahead of Greece (minus 13.4%) and Malta (minus 12.7 per cent).
In 2019, Estonia ranked tenth among EU nations with the lowest cost of living. According to Eurostat, adjusted for buying power, spending on goods and services was 14.9% lower than the EU average. As a result, Estonia came out ahead of Greece (minus 13.4%) and Malta (minus 12.7 per cent).
Slovakia spent 18.9% less on food, housing, and energy than the rest of the EU. In this rating, this was good enough for ninth place.
Latvia is the first country in Europe where life is more than a fifth cheaper than in the rest of the EU. Last year, it was 21.4 percent below the average Community price level.
7. Czech Republic
cheapest country to stay in Europe: The Czech Republic is one of only two countries in Germany’s immediate neighbourhood with a cheaper cost of living. The price was 25.4 percent lower than the EU average.
Prague, the Czech Republic’s capital, is currently one of Europe’s cheapest cities. The cheap cost of living makes this a particularly cost-effective city. There is a lot to see in the city because of the country’s position and the history associated with it.
You can walk through streets that explain a lot about the city’s history or into stunning structures. Because Prague has become a popular destination for expats looking to work abroad, it is home to a diverse range of cultures. You can also enjoy delectable meals and, particularly, delectable beverages here.
The Czech crown (CZK) is the official currency, not the euro. It will take some getting accustomed to. Although some shops and restaurants accept euros, the conversion rates offered there to make it unprofitable. It is preferable to exchange money at a bank or exchange bureau.
The other cheapest country to stay in Europe: In 2019, Croats paid 28.8% less for rent, clothing, energy, and food than the typical European. Croatia is now ranked sixth on the list of the most cheap countries.
Lithuania came in fifth, with a price level that was 30.5 percent below the general price level.
In 2019, Hungary was more than a third (34.7%) cheaper than the rest of the European Union.
For Germans, Poland is the cheapest neighbouring country. There had to be 40% less money spent on the basket of goods than the EU average.
According to Eurostat, Romania was the second cheapest country in the EU in 2019. The cost of living was 45.1 percent lower than the national average.
1. Sofia, Bulgaria
Bulgarians recently paid about half as much as the rest of Europe for living expenditures. With a negative 47.2 percent, their country came in first among the Community’s cheapest countries.
Bulgaria’s capital, Sofia, is a lovely place to visit. The residents are extremely welcoming and helpful, and they generally like having strangers visit their city. They aim to immediately expose you to their culture and take you around the city’s top features.
Bulgaria’s cost of living and taxes are quite inexpensive, so you can fully appreciate everything this city has to offer. Sofia is simply inexpensive. Here you will find inexpensive beer, wine, and delectable food.
Keep in mind, however, that Bulgarian can be seen as a difficult language since it employs a different alphabet.
You can also visit Sofia for culture and history, such as the Alexander Nevsky Cathedral, the oldest structure Sveti Georgi Rotunda, the market hall, and much more. You’ll learn a lot about the country’s history.
It also boasts stunning scenery, with numerous mountains and lakes. If you enjoy trekking or skiing in the Vitosha Mountains, this is the place to go. You will have a great time here and meet many new friends if you are receptive to the city and Bulgarian culture.