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    Home » These 6 Countries Are the Best and Cheapest To Live in Europe 
    Financial Wellness

    These 6 Countries Are the Best and Cheapest To Live in Europe 

    FeyisayoBy FeyisayoJuly 15, 20247 Mins Read
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    A Plane
    Source: Pinterest
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    The European continent is famous for various reasons, and those who have been there usually only have praise for its countries. There is abundant picturesque architecture, villages, beautiful historic sites, culture, rich food, art, and so much more. 

    American passports
    Source: Pinterest

    Therefore, it is no surprise that many people are looking to move to European countries. So, we bring you a list of the 6 cheapest and best European countries to live in and what you stand to gain there. 

    Americans Are Moving to Europe 

    Over the past couple of years, the European Union has seen a surge in the number of Americans who have moved there permanently. While many still visit regularly as tourists, many also return to stay for a long time or as a retirement plan. 

    Retired Americans
    Source: Pinterest

    This trend has been noticed among those who like to explore, travel, and visit places of historical significance. Many people also want to move to Europe but are unsure where to go since the continent has many great options. 

    Why Do Americans Want To Move to Europe? 

    The major answer to this is quite simple: the cost of living. Reports have shown that living in Europe is much cheaper than living in the U.S. these days. When Americans visit, they pay much less for things like transportation, food, and even water, which is free in some countries. 

    Tourists
    Source: Pinterest

    One could also afford an apartment in the center of a historic, modern, walkable city with the best views and amenities for much lower than you could find in the U.S. 

    The Calming Feel of Europe

    Another major reason Americans want to move to Europe is the soothing, calming atmosphere on the continent. Not only are the cities more affordable, but they are also very beautiful. There are countryside villages and cottages with a rich history and beautiful views for those who want to retire there. 

    A beach
    Source: Pinterest

    They are also rich in art, history, and culture. To top it all off, traveling from one country to another in Europe is easy, and there’s always something great to discover. 

    What To Do Before Moving 

    Are you considering a move to a European country? If yes, the first thing to consider is your budget. Europe has many great places, and it is easy to get lost in the beauty of it all. Therefore, having a budget before you move is important to avoid overspending or going overboard.

    Budgeting
    Source: Pinterest

    Decide which country and city best fits your budget, and make sure to stick to it. 

    ALSO READ: How Well Are Americans Saving for Retirement?

    Do Your Research and Paperwork

    Another important tip is to do proper research. Make sure you know what you need to know about the new place you want to move to and whether it offers all the amenities you will need. 

    A Plane
    Source: Pinterest

    Obtaining legal residency also comes with many different requirements, so you have to make sure you do your paperwork. Before going to your new country, you may have to provide proof of a source of income and work permits. 

    The Six Cheapest and Best European Countries 

    In no particular order, the six best and cheapest European countries on our curated list are Poland, Czech Republic, Portugal, Bulgaria, Lithuania, and Hungary. They are affordable and easy choices, but they are also great counties in which to live. 

    Traveling
    Source: Pinterest

    Unlike countries like Germany and France, which are significantly more expensive to live in, these six countries are quite affordable. They are also beautiful and have rich historical value, and they are best for people looking to relocate to Europe. 

    Poland

    Most people do not know that Poland is not only one of the most advanced countries in Europe but also one of the cheapest. With a rich history and culture, Poland has all you’re looking for in a good European country. 

    Poland
    Source: Pinterest

    Poland is also a great choice for nature lovers, as it has many breathtaking mountains, lakes, and forests. The country’s cost of living is also quite low, making it a great option for those who would like to study or retire there. 

    Bulgaria

    For those who love great food, friendly people, and affordable spaces, Bulgaria is definitely for you. The cost of living in this country is quite low and ideal for those on a very strict budget. 

    Bulgaria
    Source: Pinterest

    Daily needs such as food, public transportation, groceries, and good medical care are also readily available at a surprisingly low cost. For those who love history and nature, Bulgaria is filled with ancient ruins, medieval castles, forests, lakes, beaches, and mountains that are great for sightseeing. 

    Hungary 

    Hungary is a little more known for its politics than for other things. However, the country is a great place to move to for those on a budget. It is one of the cheapest countries in Europe but still has all the amenities you may need. 

    Hungary
    Source: Pinterest

    Moreover, $1,000 monthly can get you a comfortable lifestyle without straining your budget! Budapest is one of its most famous cities and is great for settling down and sightseeing. 

    ALSO READ: Here Are the 12 Most Eco-Friendly Cars To Buy in 2024, 5 of Them Are Not Even Electric Vehicles

    Lithuania

    Lithuania is, without a doubt, one of the cheapest countries in Europe. The monthly cost of living in this country is very low, yet it still offers top-notch services. Those who live here enjoy free access to concerts, parks, nature reserves, art, history, and so much more.

    Lithuania
    Source: Pinterest

    However, the country can get really cold during winter, and those looking to move here need to know this. Regardless, it is a great country to live in, especially if you are on a budget. 

    Portugal

    Portugal is a famous European country, but it still has a very affordable cost of living. According to research, living in Portugal is about 30% cheaper than in other countries like Germany and France. With gorgeous beaches, great food, cheap transportation, beautiful countryside, and cities, Portugal is definitely a dreamland. 

    Portugal
    Source: Pinterest

    In places like Lisbon, one can see the country’s rich history and enjoy its rich culture. Make sure to try their world-famous wine, too!

    Czech Republic

    The Czech Republic is now a standalone country, but its currency is highly devalued. Therefore, everything in the country is highly affordable to people who want to move there. Not only is it cheaper to buy property, but renting is also more affordable. Food, utilities, medical care, public transportation, and so much more are considerably low even as tourists have started to go to the country en masse. 

    Czech Republic
    Source: Pinterest

    Therefore, one can take advantage of these low prices and enjoy living in a beautiful country with highly affordable living. If you’re looking to move to Europe, these six countries should definitely be high up on your list!

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