Cheapest European Countries 2022

It’s not uncommon for those considering moving to another country to settle in Europe. There are 50 nations in Europe, and 28 are members of the EU.

Western Europe, particularly the Nordic nations, has a reputation for being expensive to live in and travel in. If you’re looking for a cheap place to stay, you’ll have to go elsewhere.

In certain cases, the cost of living is lower than in the United States.

According to Check-In Price, retirees and ex-pats relocating to Europe for a job or adventure may find this list of the cheapest European places to reside usefully.

All of these aspects were taken into account while compiling this list, which includes Europe’s cheapest nations and the most well-balanced.

This implies that relocating to a less costly nation doesn’t imply you’re abandoning your quality of life or living standard.

Montenegro

The average monthly cost of living in Montenegro, one of the world’s top retirement destinations, is assessed at 700 euros per person.

All of your basic needs are taken care of in this budget. In addition to the gorgeous scenery and pleasant people, Montenegro also has a largely rural area where property may be negotiated for.

When moving closer to the ocean, the cost of living might go up. The poor infrastructure and the absence of aircraft are the main drawbacks of visiting Montenegro.

Bulgaria

Expats in Eastern Europe and visitors from across the world agree that Bulgaria is one of Europe’s best-kept secrets. Summertime beaches on the Black Sea and hills for skiing are just two of the many reasons to visit Bulgaria. A person may get by on as little as $600 a month in Bulgaria.

Long-distance train tickets go on sale for around $5 in Bulgaria, and a meal with a drink will set you back at less than $10. Non-EU nationals may easily remain in Bulgaria since the country is not a tourist place for migrants.

However, Bulgaria is the EU’s poorest member and has a lot of work to do in terms of infrastructure, corruption, and living standards.

Romania

The beautiful countryside, vibrant cities, and a low cost of living all combine in Romania. If you wish to live in Romania’s northern regions, your monthly budget will start at about 600 Euros.

Those seeking to live in Romania’s capital, Bucharest, will have to fork up the most cash.

Visitors visiting Romania will be pleased to learn that eating out is quite affordable in Romania, with lunch menus beginning at $4 and hotels, hostels, and flats starting at $7 per person.

Although you are not an EU citizen, obtaining a residency card in Romania is a simple process. However, despite being in the EU, Romania’s cost of living remains low since the country doesn’t utilize euros.

Visitors and residents visiting Romania should be wary of the country’s very high degree of corruption.

Hungary

At almost 900 Euros per month in Budapest, the cost of living in Hungary is on the upper end of this list. With quick access to the Adriatic Sea or other Central European nations, including Austria, Hungary is an ideal location for tourists.

The countryside of Hungary is both lovely and inexpensive. The cost of living is low, as is food and lodging.

Since Hungarians do not speak an Indo-European language like the rest of the EU, foreigners will find it more challenging to learn the language.

Portugal

A little more costly than the other nations on our list, Portugal is the least expensive European country.

Portugal’s mild temperature, proximity to the seaside, and a high degree of safety may be had for less than $1,200 a month.

Except for Lisbon, prices in Portugal are around one-half or even one-third lower than those in other Western European nations.

Although Portugal is very inexpensive, it has recently been a favorite destination for retirees, and prices are projected to grow due to this increased demand.

Czech Republic

Real estate deals and gorgeous landscapes may be found beyond Prague in the Czech Republic. It costs roughly 950 Euros a month to live in Prague, which is at the upper end of this list. The cost of living in Prague is expected to rise due to this.

Also See: Cheapest Countries to Live in 2022

Because of its central European location, nations like Austria and Germany are easily accessible from the Czech Republic.

Despite the lower cost of living, the Czech Republic has a similar level of life to Germany. Visitors may stay in a hostel for $15 a night and eat for as little as $3 to $5 a meal.

Georgia

Georgie is one of Europe’s lesser-known travel destinations, with a monthly travel budget of roughly 600 Euros. Even though you’re not a European Union citizen, obtaining a resident card in Georgia is rather simple.

A cheap investment and a firm creation are required to become a full-time resident of Georgia. Because of Georgia’s distance from the rest of Europe, traveling to other countries will be more difficult than it would be if you lived in a more central location.

Fortunately, Georgia sees an increase in low-cost travel alternatives.