Many Americans dream of living in Europe and think about buying international real estate or renting to own a home there. The French Rivera, Rome, and Paris all conjure up images of elegance and romance. For many, however, Europe is merely a dream. Living in Vienna, Paris, and London all come at a high price. In the past it may have seemed like a cheap place to live a simple romantic existence but today Europe is considered unaffordable by many. Most people especially those who follow smart money management and don’t have that much dismiss it altogether when looking for the cheapest place to live. Fortunately, Europe isn’t limited to those high profile cities. Much of Europe is quite affordable, especially in countries such as Latvia, Croatia, Poland, the Czech Republic, and Romania.
The Baltic Republic of Latvia
The Baltic Republic of Latvia is a popular, low-cost choice for those wanting to relocate to Europe. This former Soviet Republic is quickly becoming a hotspot with its high quality of life and low cost of living. City apartments can be rented for as low as $350 per month and groceries cost about 60 percent of the cost of groceries in the United States. Most people can live on as little as
$700 per month.
Croatia’s natural beauty and pleasing climate make it a favorite for those wanting to live cheaply in Europe. Croatia is considered an emerging and developing economy, making it an economical alternative to some of the fully developed European countries such as Spain and Italy. In Zagreb, Croatia’s Capital, a one bedroom apartment rents or as little as $350 per month. Prices are even lower in the smaller towns.
The Czech Republic
The Czech Republic will allow you to experience the history and culture of Old Europe at a budget price. The Gothic castles, spectacular ruins, and scenic countryside add to the appeal of this historic country. Rents start around
$300 for a one bedroom apartment and a meal in an inexpensive restaurant averages about $5. Consumer items, however, can be a bit expensive.
Poland is also an economical alternative. Its rich culture and low cost make it a favorite among those wanting to relocate to Europe. Poland is slightly cheaper than the Czech Republic with rent at $300 and up and groceries costing half the price than in the US.
Not only are these cheap places to live in Europe, International Living Magazine recently recommended all of these European locales as some of the best places to retire on a budget.