What is the cheapest European country to live in?

Asked by: Makenzie Roob  |  Last update: June 1, 2026
Score: 4.6/5 (64 votes)

Turkey, North Macedonia, Bulgaria, and Romania are among the cheapest European countries to live in, with monthly expenses for expats often falling below $800–$1,000, driven by low rent, affordable food, and inexpensive transportation. Specifically, Turkey has been ranked as the cheapest, with prices at roughly 53% lower than the EU average, while Bosnia and Herzegovina is noted for very low costs, and Albania is praised for affordable living.

Which EU country has the lowest cost of living?

Bulgaria is often noted as the cheapest country in Europe, with living costs of $600 to $1,000 per month and rent as low as $300 outside Sofia. Other affordable options include Romania, Albania, Poland, and Portugal, where living expenses are still lower than in most Western European countries.

What is the cheapest and safest country to live in?

The most affordable countries among the safest in the world are Latvia, Chile, Costa Rica, Slovakia, and Lithuania. The cost of living in these states varies from $1,000 to $1,100 per month.

Where do most Americans move to in Europe?

Top European countries for American expats include:

  • Portugal: Affordable, scenic, and welcoming, ideal for retirees and digital nomads.
  • Spain: Vibrant culture, strong social life, and reasonable living costs.
  • Germany: Resilient economy, efficient transport, and career opportunities.

What is the easiest country to move to in Europe as a US citizen?

Here are the easiest European countries to move to from the US, including visa options, residency requirements, and practical insights.

  1. Portugal. Why it's easy: Portugal remains one of the most accessible EU countries for Americans. ...
  2. Spain. ...
  3. Germany. ...
  4. Ireland. ...
  5. Italy. ...
  6. Greece. ...
  7. Malta. ...
  8. Czech Republic.

5 Cheapest Countries to Live or Retire in Europe

15 related questions found

What is the 3 month rule in Europe?

The "Europe 3 month rule" primarily refers to the Schengen Area's 90/180-day rule, allowing non-EU/Schengen citizens (like U.S. or Canadian passport holders) to stay for up to 90 days within any 180-day period without a visa, but requiring a wait of another 90 days outside the area before re-entry if the limit is reached. Additionally, passports must generally be valid for at least 3 months beyond the planned departure date from the Schengen Zone. 

Is healthcare free in Europe?

Almost all the countries in Europe have a universal healthcare system. There are people who call it a “free healthcare” system but it is actually not free. Each nation has its own variation; however, a common feature is that everyone has to pay for healthcare as a society.

How much money is needed to live comfortably in Europe?

The cost of living in Europe may vary from USD $791 to USD $1,275 for an individual, excluding rent, depending on where you plan to move. For families, the cost of living can vary from USD $2,798 to USD $4,571 for a family of four, excluding rent.

Where is the cheapest rent in Europe?

25 European Cities With Most Affordable Monthly Rents

  • Plovdiv. Country: Bulgaria. ...
  • Krasnodar. Country: Russia. ...
  • Skopje. Country: North Macedonia. ...
  • Nis. Country: Serbia. ...
  • Vlore. Country: Albania. ...
  • Sarajevo. Country: Bosnia and Herzegovina. ...
  • Banja Luka. Country: Bosnia And Herzegovina. ...
  • Nizhny Novgorod. Country: Russia. Monthly Rent: $286.

What is the most tax friendly country in Europe?

Monaco. Monaco has long been considered a top country for wealthy individuals to live in. The microstate has favorable tax policies for everyone, from non-residents and residents to corporations. Not only is zero tax levied on income earned outside Monaco, but income earned in the country is also tax-free.

Can I use my US health insurance in Europe?

No, U.S. health insurance generally does not work in Europe; domestic plans (like employer, Medicare, or Medicaid) offer little to no coverage abroad, with exceptions for some limited emergency care in specific private plans or rare Medicare situations, but you'll likely pay out-of-pocket or need separate travel health insurance for emergencies and routine care, as most European countries now require proof of coverage. 

What country can I move to and get free healthcare?

Countries with universal healthcare include Austria, Belarus, Croatia, Czech Republic, Denmark, Finland, France, Germany, Greece, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Moldova, North Macedonia, Norway, Portugal, Romania, Russia, Serbia, Slovenia, Spain, Sweden, Switzerland, Ukraine, and the United ...

Who has the best healthcare in the world?

According to the latest 2025 CEOWORLD Health Care Index, Taiwan once again ranks as the country with the best healthcare in the world, maintaining its top position with an overall score of 78.72. South Korea (77.7) and Australia (74.11) remain in second and third place, respectively.

What country is paying US citizens to move there?

Yes, several countries and regions, including Italy, Spain, Japan, Ireland, and Switzerland, offer incentives or payments to attract new residents, often targeting rural areas facing depopulation, with programs paying for renovation, business startups, or as part of volunteer schemes, but these usually come with requirements like age limits, long-term commitments, or specific skills. 

How much money do I need to move from the US to Europe?

Moving costs to Europe can fluctuate from $4,500 to $10,000. The final price will depend on your country destination (distance), the volume of your belongings, the method of transport or any additional services you may want to hire. Disclaimer: These are estimates, the final costs will be based on your needs.

Where should I live if I only speak English in Europe?

For English speakers in Europe, the best places to live are typically the UK & Ireland (native English) and the Netherlands, Nordic countries (Sweden, Denmark, Norway, Finland), Malta, and Germany, where proficiency is extremely high, making daily life, work, and official matters smooth, with strong expat communities in many areas. 

What happens if you overstay in Europe?

Failure to leave within this time frame or obtain the relevant visa to extend your stay can result in several different penalties, including deportation, fines, inability to re-enter a country, and, in severe cases, imprisonment.