11 Cheapest Places to Live in Europe

Are you considering moving house and searching for some of the cheapest places to live in Europe?

Several factors will contribute to where you may choose to relocate on the continent.

If expense is a top factor we are here to help!

We have assembled a list of the 11 cheapest places to live in Europe to help you decide on the best location.

Spanning across the whole of the continent, one of these outstanding countries is sure to appeal to you.

Here are 11 of the cheapest places to live in Europe!

Poland

Poland is one of the cheapest countries in Europe. Image credit: Unsplash

When it comes to the cheapest places to live in Europe, Poland has to be included in our list.

It is well known that the country offers a very low cost of living.

In fact, it is one of the cheapest countries to live in globally!

Kraków is a popular destination in Poland, it is the country’s second-largest and oldest city and is one of the more diverse places in the country.

The city is rich in history and has an abundance of beautiful buildings, attracting plenty of people from across Europe.

Despite the city’s history and popularity, it remains a very affordable place to live.

In Poland, you can live at a particularly low cost, but with a very high quality of life, so you won’t have to sacrifice the finer things in life.

Clearly, there are many advantages to moving to Poland.

According to Numbeo, consumer prices in Poland are on average, 49.4% lower than in the United Kingdom!

Everyday grocery prices show a marked difference between the UK and Poland, with items like milk, bread, rice, and eggs being significantly cheaper in Poland.

For instance, a litre of milk cost 64.2% more in the UK, while a loaf of bread costs 28.8% less in Poland, emphasising the affordability of basic groceries compared to the UK.

Serbia

Serbia is a top choice for those looking for a lower cost of living in Europe. Image credit: Pexels

Serbia is worth considering if you are looking for the cheapest places to live in Europe.

Formerly part of Yugoslavia, this landlocked country became a sovereign nation in 2006.

Throughout its history, Serbia’s culture has been influenced by various ethnic groups, with its food being a prominent example of this diversity.

With over 140 museums and many art galleries, there’s plenty to do when living in Serbia.

A variety of landscapes can be found in the country, such as the boulders at Davola Varos as well as the river Uvac.

The capital, Belgrade, and Vojvodina near the Hungarian border are among Serbia’s modern and vibrant cities.

Consumer prices in Serbia are, on average, 66.5% lower than in the United Kingdom.

A loaf of white bread in Serbia will see you back £0.57 compared to £1.21 in the UK, while a meal at an inexpensive restaurant will cost £6.20, well under half of the price of £15 here!

With all of this in mind, you should certainly consider Serbia when looking for the cheapest places to live in Europe!

Romania

Romania is a great choice for those looking for a cheap place to live in Europe. Image credit: Unsplash

Another top contender on our cheapest places to live in Europe list is Romania.

Romania is a country with a host of beautifully intricate buildings that are the result of a vibrant history.

First-time international migrants will find it to be one of the most affordable locations to live on the continent.

Romania is a gorgeous country with friendly people, a beautiful language, and a deep sense of tradition, making it a fascinating place to move to.

Romania is perfect for those who enjoy getting away from the hectic urban lifestyle on offer in much of Europe.

If this appeals to you, you are sure to enjoy living the more traditional way that Romania offers.

The consumer prices in Romania per month are on average, 64.7% lower than in the United Kingdom.

Living in Romania is a far cheaper alternative than the UK, meaning the country has earned its place on our list of cheapest European countries!

Portugal

Portugal offers both sunshine and a great cost of living. Image credit: Pexels

Travellers have long been enchanted by the beautiful country of Portugal.

There are spectacular beaches and a warm climate, and the scenery on offer is stunning.

When living in Portugal you will find that the pace of life is wonderfully slow.

There is a also good mix of busy towns and sleepy villages to appeal to all!

When compared with other western European countries, it is also one of the most affordable countries to live in.

The cost of living is higher there than in other countries on our list, but if you prefer Western Europe, this is the perfect place for you.

Among the numerous ex-pat communities here, Lisbon is a digital nomad’s paradise and certainly worth considering!

Consumer prices in Portugal are, on average, 36.6% lower than in the United Kingdom.

One key area where you will see yourself saving money is eating at restaurants!

For example, a meal at an inexpensive restaurant is 75.5 % more expensive in the UK.

Clearly, Portugal is a great option when it comes to the cheapest places to live in Europe!

Hungary

Hungary is one of the cheapest places to live in Europe. Image credit: Pixabay

Another great option for the cheapest places to live in Europe is Hungary.

Similarly to Portugal, Hungary has a long history as a tourist destination and is a popular location in Europe.

Despite this popularity, it remains a very affordable place to call home!

Hungary is a beautiful country with friendly, approachable people, scenic hills, and some stunning architecture.

Despite being hard workers, Hungarians are also fun-loving and know how to enjoy their time!

This is the perfect place to maintain a balance between work and life and UK citizens will find it easy to adjust to the lifestyle here.

On average, Hungary’s consumer prices are 50.2% lower than the UK’s.

Groceries are also an area where you will save plenty of money, with prices being 43.6% lower in Hungary.

Hungary is certainly worthy of its place on our list of the cheapest places to live in Europe.

Montenegro

Montenegro offers great value compared to many other European locations. Image credit: Unsplash

Montenegro is a lesser-known option when it comes to the cheapest places to live in Europe.

In addition to its lovely Mediterranean coastline, this small country, which neighbours Serbia, has low prices.

There is beautiful natural scenery in Montenegro, as well as some of the roughest terrain in Europe.

In addition to its mountainous landscape, its location on the Adriatic coast makes it an ideal sailing destination.

The country is very much a crossroads between East and West, something that you will learn when living here.

Its architecture is Italian, while its cuisine is influenced by Greece and Turkey.

Living in Montenegro offers a similar climate to those found in both Italy and Greece.

Montenegro has average consumer prices that are 36.1% lower than the United Kingdom, with restaurant prices also being 43.8% lower than in the United Kingdom

This lesser-known addition to our list of the cheapest places to live in Europe is certainly worth considering!

Latvia

The cost of living in Latvia is far lower than the UK. Image credit: Pexels

Another top location among the cheapest places to live in Europe is Latvia!

Latvia is a beautiful and cheap place for those looking to move to the continent.

You can find everything here at an affordable price, whether it’s housing, healthcare, or food.

You can explore Latvia’s interesting places, try different activities, and meet its friendly and open-minded people!

Almost 30% of Latvians speak English, making the country one of the cheapest and most convenient locations to live for English speakers in Europe.

Compared to the United Kingdom, Latvia has an average cost of living that is 19.30% lower.

One key area that you will notice yourself saving money is rent costs, with prices in Latvia being 64.7% lower than in the United Kingdom!

Be sure to consider Latvia when looking for the cheapest places to live in Europe!

Bulgaria

Bulgaria is one of the most cost-effective places to live in Europe. Image credit: Pixabay

Bulgaria is another great option for the cheapest places to live in Europe.

With beautiful beaches and mountains for skiing, the region’s landscape is breathtaking and diverse.

In addition, it has a fascinating cultural mix of Ottoman, Slavic, Persian, and Greek influences.

This has resulted in a unique culture full of traditional costumes, dances, and music.

In addition to this, there is a range of delicious local food, welcoming people to meet and plenty to see and do when living in Bulgaria.

Furthermore, Bulgaria has one of the cheapest living costs in Europe!

Compared to the United Kingdom, Bulgaria has average consumer prices that are 62.5% lower, with grocery prices in the United Kingdom sitting at 47.4% higher than in Bulgaria!

Considering all of this, Bulgaria is an excellent choice among the cheapest places to live in Europe.

Spain

Spain isn’t the cheapest country on our list but it offers some excellent value compared to the UK. Image credit: Pexels

Another country to consider when looking for the cheapest places to live in Europe has to be Spain.

Whilst in the more expensive Western region of the continent, living in Spain is still a great option for those looking to save some money!

There is a very good reason why the ex-pat community in Spain is so vibrant.

Living in Spain is a wonderful experience and offers something for everyone.

Here you will find everything from the fast-paced life in a big city to the slower pace of life in a scenic beach town.

The culture of Spain is rich and proudly celebrated!

A multitude of festivals are held throughout the year, as well as stunning architecture that is well worth soaking up.

It is a great place to live with friendly people, delicious food, and beautiful weather.

For ex-pats, it can be one of the cheapest places to live in Europe, however, this varies substantially from region to region.

Consumer Prices in the United Kingdom are 31.0% higher than in Spain and a meal at an inexpensive restaurant is an average of 46.2% less in Spain.

Whilst not the cheapest location on our list, Spain is certainly a location worth considering with far lower costs than the UK.

Belarus

Belarus is one of the cheapest locations in Europe. Image credit: Pixabay

There is no doubt that Belarus is one of the cheapest places to live in Europe.

As a result of its natural beauty and rich culture, the country offers residents a very high quality of life.

The low cost of living, however, is often the key factor that sees ex-pats move to Belarus.

It seems impossible not to fall in love with the people and the fabulous natural beauty of Belarus.

Couple this with the surprisingly affordable cost of living and you are onto a real winner!

The average consumer prices in Belarus are a staggering 140% lower than those in the UK.

There are various other areas in which you will save money when living in Belarus.

For example, rent prices are 299.1% lower in Belarus than in the United Kingdom!

Clearly, Belarus is a worthy addition to our list of the cheapest countries in Europe.

Czech Republic

The Czech Republic is far cheaper than the UK. Image credit: Unsplash

Next on our list of the cheapest places to live in Europe is the Czech Republic.

There aren’t many places in Europe that are as safe and affordable as the Czech Republic.

Friendly, safe, relaxing, and contemporary, living here is sure to appeal to many!

Travellers from abroad tend to be warmly welcomed by the Czech people, so you should feel right at home.

The Czech Republic is a favourite destination for expats for a number of reasons, including the low cost of living, excellent healthcare, beautiful scenery, and interesting architecture.

While services, food, transport, accommodation, and clothes are not the cheapest in the Czech Republic, they are not as expensive as in many other European countries.

This makes the country well worth considering!

In comparison with the UK, the Czech Republic has average consumer costs that are 33.2% lower than in the UK.

You should also expect to pay less when it comes to groceries, which are 28.4% cheaper in Belarus, as well as on your rent which is 63.3% lower!

Ready to Start Your Move?

Hopefully, you have found our guide helpful and will soon be moving to one of the cheapest places to live in Europe.

You can start preparing for your dream move with the help of our European removals service from White & Company today!

Regardless of which country you choose to move to, we will ensure your belongings arrive safely without disruption.

White & Company are also pleased to announce our new video survey service.

During these unprecedented times, we can safely conduct remote removals surveys, ascertaining all the relevant information for your move, all from the comfort of your own home.

So, give us a call today or fill out a quick quote form to see how we can get your dream move in the works.

Max Peterson

Max is a seasoned writer and blogger in the real estate and home moving sectors, as well as a knowledgeable source of information for expatriates living and working abroad. His detailed insights have helped thousands of people move and live abroad with greater simplicity and ease.