Statistics About The Most Affordable European Countries

In this post, we explore the most affordable European countries based on consumer prices and living expenses in 2020. From Romania being the most cost-effective country in the European Union to Belarus having the lowest mean annual wage among European nations, we delve into various statistics that highlight the economic advantage of living and traveling in these European destinations. Whether you’re a budget-conscious traveler or looking to relocate to a more wallet-friendly location, this analysis will provide valuable insights into the affordability of different European countries.

Statistic 1

"Romania is the most affordable country in the European Union, costing 39.7% less than the EU average in 2020."

Statistic 2

"Hungary is the second most inexpensive country in Europe, with prices 42.7% below the EU average for 2020."

Statistic 3

"Latvia, Lithuania, and Bulgaria are also among the top 5 cheapest European countries, with costs 35.1%, 34.2%, and 41.8% less than average, respectively."

Statistic 4

"Poland's cost of living is 43.4% below the European Union average."

Statistic 5

"A meal at an inexpensive restaurant in Macedonia on average costs about 5 euros."

Statistic 6

"Portugal is one of the most affordable Southern European countries, with costs approximately 32.2% below the EU average."

Statistic 7

"Daily expenses for tourists in Serbia can be as low as 30 euros."

Statistic 8

"Estonia's consumer price levels are 30.7% less than the EU average."

Statistic 9

"Consumer prices in Bosnia and Herzegovina were 51.7% lower than the EU average in 2020."

Statistic 10

"Albania has one of the lowest restaurant meal prices in Europe, averaging €3.33 per person."

Statistic 11

"Groceries in Slovakia are 33.5% cheaper than the EU average."

Statistic 12

"Monthly rent rates in Montenegro average from €250 to €500 for a one-bedroom apartment in the city center."

Statistic 13

"Daily spending for travelers in Greece averages €67 per person."

Statistic 14

"One-way local transport ticket in Slovakia is about €0.90."

Statistic 15

"Average monthly net salary after tax in Ukraine is approximately €284.34."

Statistic 16

"The price of 1 liter of gasoline in the Czech Republic in 2020 was €1.11."

Statistic 17

"Rent prices are about 70% lower in Moldova compared to the rest of Europe."

Statistic 18

"Cost of living in Slovenia is around 25.6% lower than the EU average."

Statistic 19

"Tuition fees for international students in Germany are nominal or zero in most of the federal states."

Statistic 20

"Belarus had the lowest mean annual wage among European countries in 2020, at just about $6,003."

In conclusion, the statistics reveal a diverse landscape of affordable living costs across various European countries in 2020. Romania, Hungary, Latvia, Lithuania, Bulgaria, Poland, and other nations stand out as some of the most cost-effective destinations, with significant savings compared to the European Union average. From inexpensive restaurant meals in Macedonia to low daily expenses for tourists in Serbia, and nominal tuition fees for international students in Germany, there are plenty of budget-friendly options for residents and visitors alike. These statistics underscore the opportunities for individuals seeking affordability and value in their choice of European country for living, studying, or traveling.