Living in Europe is a dream for many. With its rich history, breathtaking scenery, beautiful architecture, delicious cuisine, and cultural diversity, Europe is a continent that offers much to explore and experience.
However, the cost of living in many European countries can be discouraging, with high rents, taxes, and other expenses. Still, many countries in Europe offer a comfortable lifestyle without breaking the bank.
In this blog, I will take a look at some of the countries in Europe that offer high salaries and a low cost of living, making them ideal locations for expats or those seeking a better quality of life. You might also enjoy reading: Top 14 Countries in Europe for International Students.
1- Portugal
Portugal is a popular destination for expats due to its sunny climate, friendly people, and affordable living costs. The average monthly salary in Portugal is around €1547, but costs, including healthcare, food, and rent, are considerably lower compared to other European countries.
Portugal is an excellent option if you are looking for a high salary and a low cost of living as it offers affordable housing, food, and transportation, and its economy is growing rapidly. Portugal is also known for its beautiful beaches, delicious cuisine, and various cultural attractions.
2- Poland
Poland is another country with a lower cost of living, where prices are relatively lower compared to Western Europe. The average salary in Poland is around €1,200 per month, while the cost of living is estimated to be around 30-40% lower than in other EU countries.
In addition, Poland’s economy has been growing rapidly in recent years, and as a result, salaries have been increasing. Housing, food, and transportation are all relatively affordable, and the country’s beautiful cities and stunning countryside make it an attractive place to live.
3- Spain
Spain is a country with a rich culture, history, and beautiful beaches that attract millions of tourists each year. The cost of living in Spain is lower than other countries in Western Europe, with an average salary ranging from €1,200 to €2,250 depending on the industry (Source: Horizons)
I like that Spain has a laid-back lifestyle, a warm climate, and a vibrant culture, and even in the big cities, it is possible to find affordable housing, food, and transportation.
4- Czech Republic
The Czech Republic is one of the cheapest countries in Europe due to its lower cost of living. The average salary in this country is around € 1,683 per month (Source: Expats.cz), while food, accommodation, and transportation costs are significantly low.
In addition, the Czech Republic is known for its beautiful cities, rich culture, and delicious beer. And housing, food, and transportation are all relatively affordable, and the country has a high standard of living.
5- Slovenia
Slovenia is a small country with beautiful scenery, friendly locals, and a high quality of life. It’s also known for having one of the lowest costs of living in Europe.
The average salary in Slovenia is around 27,980 euros per year (Source: Statista), while the prices for food, accommodation, and transportation are relatively low.
6- Hungary
Hungary is a Central European country that is becoming increasingly popular with expats because of its rich history, beautiful architecture, and delicious cuisine.
The average salary in Hungary is around €1,300 to €1,400 per month, while the cost of living is around 40% lower compared to other EU countries. Housing, food, and transportation are all affordable, and the country has a vibrant cultural scene.
The good news is that, on average, the cost of living in Hungary is 39.0% lower than in the United States.
7- Estonia
Estonia is a small country located in the Baltic region of Europe. The country is known for its beautiful scenery, vibrant culture, and forward-thinking economy.
In addition, Estonia is also known for being a hot spot for startups and entrepreneurs (Source: ZDNet), thanks to its innovative environment and low taxes.
The average salary in Estonia is around €1,775 per month, while the cost of living is around 30% lower than in other European countries. Housing, food, and transportation are all affordable, and Estonia offers a high quality of life.
8- Latvia
Latvia is another Baltic country that is becoming increasingly popular with expats. The cost of living is very reasonable, with an average salary of around €1,081 per month, while the cost of living is around 40-50% lower compared to other EU countries.
Housing, food, and transportation are all affordable, and the country has a lot to offer in terms of culture, history, and beautiful scenery. Latvia is an ideal destination if you are looking for a cost-effective lifestyle.
9- Slovakia
Slovakia is known for its beautiful mountains, culture, and history, where the cost of living is very reasonable. The average salary in Slovakia is around €1,393 per month, while the cost of living is around 30% lower than in other European countries (Source: Statista)
Housing, food, and transportation are all affordable, and Slovakia offers a high standard of living.
10- Romania
Romania is a country that is often overlooked, but it has a lot to offer. The average salary in Romania is around €500 to €811 per month, while food, accommodation, and transportation costs can be up to 50% lower.
Housing, food, and transportation are all affordable, and Romania has some beautiful countryside and cultural attractions.
11- Bulgaria
Bulgaria is a country with stunning nature, rich culture, and delicious cuisine. It’s also known for having the lowest cost of living in Europe.
The average salary in Bulgaria is around €500 to €1,000 per month, while food and accommodation prices are 50-60% lower compared to other European countries.
12- Lithuania
Lithuania is another Baltic country that is becoming increasingly popular with expats. The cost of living is very reasonable, with an average salary of around €20,003 per year.
Housing, food, and transportation are all affordable, and Lithuania has a rich history, beautiful cities, and stunning countryside.
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Wrapping Up
Living in Europe doesn’t have to be an expensive affair. These 12 countries offer high salaries and a low cost of living, making them attractive options for those looking to enjoy a comfortable lifestyle without breaking the bank.
Whether you’re looking for beautiful beaches, rich history, or delicious cuisine, these countries have something to offer for everyone.