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Cheapest European Countries

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Affordability Across Europe

Europe, with its rich history, diverse cultures, and breathtaking landscapes, is a dream destination for travelers and expatriates alike. However, the cost of living can be a considerable barrier for many, with expensive cities like Zurich and Copenhagen often eclipsing other regions in affordability discussions. Interestingly, numerous European countries offer significant value without compromising the quality of life.

Equipped with data from various sources, we'll delve into the most affordable European countries, offering insights into their costs of living and potential lifestyle. Our report not only assesses affordability but considers aspects like healthcare, safety, and cultural richness - key factors that contribute to an individual's wellbeing and satisfaction.

Key findings from the data include:

  • Turkey, with an average living cost of $447, ranks as the most affordable country in Europe. This is closely followed by Belarus ($504) and Moldova ($537), highlighting Eastern Europe's overall affordability.
  • The data reveals an upward trend in cost as one moves further away from Eastern Europe. Countries like Georgia, Ukraine, North Macedonia, and Bosnia and Herzegovina, all have average living costs less than $600, substantiating this pattern.
  • Comparatively, Western European countries, although still more affordable than many United States cities, demonstrate higher living costs. Notably, Italy's average living cost is $1,359, more than triple that of Turkey.
  • The Nordic countries, typically associated with higher living costs, are conspicuously absent from the list, underscoring their reputation for expensive living.

10 Cheapest European Countries

Ranking as the most affordable country in Europe, Turkey offers a cost-effective lifestyle with an average living cost of just $447. This fascinating country's bountiful history and diverse landscapes also add to its charm, greatly enriching the living experience.

Next in line is Belarus, known for its beautiful scenery and rich cultural history, comes in second with an average living cost of $504. Moldova, another Eastern European country, ranks third with an average cost of living of $537, closely followed by Georgia whose average living cost is $538.

The fifth cheapest country in Europe is Ukraine. Known for its vibrant culture and hospitable people, Ukraine's average living costs stand at $542. This is slightly lower than North Macedonia, which has an average cost of living of $553.

With its enthralling history and stunning natural beauty, Bosnia and Herzegovina is an exciting and surprisingly affordable place to live, with average expenses amounting to $599. Albania ranks eighth in affordability with an average living cost of $608. Home to majestic mountains, golden beaches, and bustling cities, its cost of living offers considerable value.

Romania and Bulgaria also make it to the list of the top 10 cheapest European countries. Offering rich history, stunning architecture, and enchanting landscapes, both countries have average living costs of $652 and $654 respectively. 

10 Cheapest European Countries:

  1. Turkey - $447
  2. Belarus - $504
  3. Moldova - $537
  4. Georgia - $538
  5. Ukraine - $542
  6. North Macedonia - $553
  7. Bosnia and Herzegovina - $599
  8. Albania - $608
  9. Romania - $652
  10. Bulgaria - $654

By Country

Full Data Set

Frequently Asked Questions

Methodology