The rising cost of living has many people rethinking their lifestyle. From soaring gas prices to housing expenses, affordability has become a major factor in choosing where to live. For those looking to save money while enjoying a new environment, Europe offers some fantastic options. Several countries in Europe provide a high quality of life at a fraction of the cost found in more expensive destinations.
If you’re considering a move, here’s a look at some top countries with the lowest cost of living in Europe. These destinations offer affordable prices on essentials, stunning scenery, and unique cultures, making them attractive choices for digital nomads, retirees, and anyone seeking a change.
1. Portugal
Instagram | ronald_soethje | Portugal offers affordable living and a vibrant culture.
Portugal is another top choice for affordable living in Europe. Known for its sunny beaches, historic architecture, and lively cities, Portugal has become a popular spot for digital nomads. Numbeo rates Portugal’s cost of living at 45.1, making it highly affordable compared to many Western European countries.
Portugal also offers a special visa for remote workers, allowing them to live and work in the country for up to 12 months. Applicants need to show proof of earnings of at least €3,280 per month. This program is a big draw for remote professionals who want to experience Portugal’s rich culture and scenic coastlines without a high cost of living.
2. Montenegro
Montenegro stands out for its breathtaking landscapes and affordable cost of living. With rugged mountains, medieval towns, and glacial lakes, this Balkan country has a lot to offer. According to Numbeo’s cost of living index, Montenegro scores 39.4. This means prices in Montenegro are about 39.4% of what you’d find in New York City, making it one of the most affordable spots in Europe.
In comparison, Switzerland — the most expensive European country — has a cost of living index of 101.1. Montenegro’s low prices attract digital nomads, who can apply for a two-year visa with an option to extend it for another two years. This makes Montenegro a great choice for remote workers looking to enjoy natural beauty without breaking the bank.
3. Lithuania
Lithuania offers affordable living with a modern twist, particularly in its capital, Vilnius. Known for its youthful energy and growing number of coworking spaces, Vilnius has become a favorite for digital nomads. According to Numbeo, Lithuania has a cost of living index of 47.1, making it an affordable yet vibrant destination in Europe.
Lithuania’s “National D” visa allows foreigners to live in the country for up to one year, providing flexibility for remote workers and expats. With a mix of historic charm and modern amenities, Lithuania offers a comfortable, low-cost lifestyle for those seeking a new home in Europe.
4. Croatia
Croatia combines natural beauty with a low cost of living, making it a great choice for those looking to move to Europe. Known for its national parks, Adriatic coastline, and historic cities, Croatia offers plenty to explore. The cost of living index for Croatia is 45.5, slightly higher than Portugal but still affordable compared to Western Europe.
Instagram | onkateon | Croatia offers affordable living with historic Dubrovnik to explore.
Cities like Split and Dubrovnik, famous for their historical significance and as filming locations for “Game of Thrones,” tend to have higher costs. However, overall, Croatia remains budget-friendly. The country also introduced a visa for digital nomads in 2021, allowing non-EU residents to live in Croatia for up to a year without paying income tax. This policy has made Croatia a popular choice for remote workers from around the world.
The Impact of Digital Nomads on Local Communities
Low costs make these European destinations appealing for digital nomads and expats, but the influx of new residents can also affect local communities. In some areas, the presence of wealthier travelers and remote workers has led to price increases in housing and other essentials. For example, the average salary in Podgorica, Montenegro, is around €836 per month — much lower than in major cities like London.
To integrate respectfully, expats should research how local communities view incoming residents. Here are some ways to make a positive impact:
1. Learn the local language: Language skills go a long way in building connections and understanding the culture.
2. Respect local customs: Familiarize yourself with social norms to avoid misunderstandings.
3. Support local businesses: Choose local shops, cafes, and markets to help stimulate the local economy.
Making an effort to understand and engage with the community can lead to a more fulfilling experience for both newcomers and locals.
Key Factors to Consider Before Moving
Choosing a country with the lowest cost of living in Europe is about more than just money. Here are a few important considerations before making a move:
1. Safety - Research crime rates and political stability in the area.
2. Healthcare - Check the availability and quality of healthcare services.
3. Quality of Life - Look into the overall quality of life, including education, public services, and work-life balance.
4. Climate - Consider the climate and seasonal changes, especially if moving from a vastly different region.
Each of these factors plays a role in making a successful transition to a new country.
Affordable European Living
Europe offers a range of countries with a low cost of living, each with its own unique lifestyle and opportunities. Whether it’s the medieval charm of Montenegro, the vibrant culture of Portugal, the natural beauty of Croatia, or the modern energy of Lithuania, there are plenty of affordable options to explore.
For those looking to stretch their budget and enjoy a new way of life, these destinations provide both affordability and adventure. By choosing carefully and considering both costs and cultural factors, expats and digital nomads can find a European country that fits their needs while offering an enriching experience.
