7 Cheapest European Countries to Live In

Are you dreaming of a new life in Europe but worried your bank account won’t keep up? You don’t have to stress yourself as there is good news. Although some parts of Europe are notoriously expensive, there are plenty of hidden gems where your money can go much further whether you’re a digital nomad, a retiree, a student, or simply looking for a lifestyle change, the cheapest European countries to live in offer a fantastic balance of affordability, comfort, and culture.

Living in Europe doesn’t have to come with sky-high expenses. Several countries provide all the charm and beauty the continent is known for, but without the heavy price tag. From Eastern Europe’s tranquil towns to the sunny shores of the Mediterranean, you have options.

Here’s an exploration of the seven cheapest European countries to live in, including living costs, pros, and what makes each unique.

1. Bulgaria: Affordable Living in the Balkans

Bulgaria is one of the cheapest European countries to live in and has quietly become a favourite among budget-conscious expats and remote workers. The country is known for its breathtaking natural beauty and relatively low living expenses.

• Average monthly rent (city centre): £325.24 / US$414.35
• Monthly utilities: £89.95 / US$114.59
• Basic groceries: £10.24 / US$13.10
• Petrol (1 litre): £1.19 / US$1.52
• Meal for two at a restaurant: £28.37 / US$36.15

Why move here? Bulgaria offers fast internet, a low cost of living, rich traditions, and a strategic location between Europe and Asia. Cities like Sofia and Plovdiv offer a blend of history, modern comforts, and a growing expat community.

2. Georgia: A Budget Paradise Between Europe and Asia

Georgia is a rising choice of country among expats and digital nomads. While it’s on the edge of Europe, it has been included on the list of the cheapest European countries due to its affordability, accessibility, and stunning mountain and sea landscapes.

• Average monthly rent (city centre): £488.70 / US$622.60
• Monthly utilities: £56.35 / US$71.79
• Basic groceries: £8.99 / US$11.50
• Petrol (1 litre): £0.92 / US$1.18
• Meal for two: £29.62 / US$37.74

Why move here? Georgia offers a liberal visa policy (you can stay for up to a year visa-free), fantastic cuisine, and a low cost of living that’s hard to beat.

3. Portugal: Western Europe’s Budget-Friendly Gem

Although part of Western Europe, Portugal still manages to be among the cheapest European countries to live in, especially compared to neighbouring Spain or France. From beach towns to hillside villages, Portugal offers a warm climate, friendly locals, and great food.

• Average monthly rent (city centre): £798.40 / US$1,017.16
• Monthly utilities: £95.10 / US$121.16
• Basic groceries: £10.74 / US$13.57
• Petrol (1 litre): £1.53 / US$1.95
• Meal for two: £34.16 / US$43.52

Why move here? With affordable public healthcare, low crime rates, and stunning coastlines, Portugal is ideal for those seeking a relaxed family lifestyle on a moderate budget.

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4. Romania: Eastern Europe’s Hidden Treasure

Romania is an underrated destination, slowly gaining popularity among travellers and expats. It combines charming medieval towns, modern cities, and majestic natural parks, all for a fraction of the cost of Western Europe.

• Rent (city centre): £350–£500
• Utilities: £80/month
• Basic groceries and transport: Very affordable

Why move here? Romania is among the cheapest European countries with good infrastructure, a growing tech industry, and a mix of urban energy and countryside tranquillity. Depending on your lifestyle, Bucharest, Cluj-Napoca, and Brasov are excellent destinations.

5. Hungary: Budget Living in the Heart of Europe

Hungary, particularly Budapest, has long been a favourite for students and travellers. It offers the elegance of Paris without the price tag. As one of the cheapest European countries, centrally located in Europe, Hungary provides easy access to neighbouring countries, making it perfect for those who love to travel.

• Rent (Budapest city centre): £400–£600
• Monthly utilities: Around £100
• Public transportation pass: Around £25/month
• Meal for two: £25–£35

Why move here? World-famous thermal baths, rich history, low rent prices, and a vibrant café culture make Hungary a budget-friendly European dream.

6. Albania: The Mediterranean’s Best-Kept Secret

Albania might be your next home if you’re after scenic beaches, rich culture, and rock-bottom prices. This country is often overlooked, but it is one of the top EU countries you must visit, as it is becoming one of the most attractive and cheapest European countries for expats and digital nomads.

• Rent (city centre): £200–£350
• Groceries: Incredibly cheap
• Public transport and meals: Extremely affordable

Why move here? Albania boasts unspoiled beaches, laid-back coastal towns, and low prices. It’s ideal for those who want Mediterranean living without the high costs of Italy or Greece.

7. North Macedonia: Quiet, Cheap, and Culturally Rich

This small Balkan country doesn’t always make the headlines, but it should, especially if you’re exploring the cheapest European countries to live in. North Macedonia’s beauty is its peaceful lifestyle, friendly locals, and historical charm.

• Average rent (city centre): £250–£400
• Groceries and restaurants: Among the lowest in Europe
• Monthly utilities: £50–£80

Why move here? With picturesque towns like Ohrid, affordable prices, and low tourist traffic, North Macedonia offers a slower pace of life with plenty of social amenities that make it easy to live comfortably and enjoyably.

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Living in one of the cheapest European countries doesn’t mean sacrificing your lifestyle. Many of these destinations offer an improved quality of life with lower stress levels, beautiful surroundings, and welcoming communities. Whether you’re seeking coastal living, mountain serenity, or vibrant city life, Europe has affordable options that cater to all preferences and lifestyles.

So, if you’re ready to live your European dream without draining your savings, consider moving to one of these budget-friendly countries. With thoughtful planning, the right location, and a spirit of adventure, you can enjoy everything Europe offers at a price that works for you.