The cost of living crisis in Israel, soaring housing prices, and the tense security situation are causing more and more Israelis to consider moving abroad. If you too dream of a more peaceful life at an affordable price, it’s worth getting to know the European countries where costs are especially low.
People move abroad for various reasons—escaping political situations, job opportunities, proximity to family, or simply for a new adventure. But today, with the global cost of living crisis hitting everywhere, the search for quality of life at an affordable price has become a major factor in decision-making.
According to the Numbeo Cost of Living Index, which compares prices in all European countries, taking into account rent, food prices, bills, and entertainment, here are four countries that offer the best value for money:
Montenegro: A Paradise of Mountains and History
Montenegro offers medieval cities, lakes, and the second deepest canyon in the world—all at very low prices. The country scores 39.4 on the index (compared to expensive Switzerland with a score of 101.1). This means that prices in Montenegro are about 39.4% of those in New York.
Prices in Podgorica (the capital):
- Cheap meal at a restaurant: €8
- Beer: €2.20
- Rent for a one-bedroom apartment in the center: €545 per month
Portugal: Bars and Beaches at a Fair Price
Portugal, with its sun-drenched beaches and vibrant cities, is the most popular destination in Europe for remote workers. The country scores 45.1 on the cost of living index.
Prices in Lisbon:
- Cheap meal at a restaurant: €12.75
- Beer: €3
- Rent for a one-bedroom apartment in the center: €1,413 per month
Croatia: National Parks and Ancient Palaces
Sun-drenched Croatia is slightly more expensive than Portugal, with a score of 45.5. Coastal cities like Split and Dubrovnik raise the average, but it is still a relatively cheap option.
Prices in Zagreb:
- Cheap meal at a restaurant: €10
- Beer: €3
- Rent for a one-bedroom apartment in the center: €682 per month
Lithuania: Young and Developing Cities
Lithuania is especially popular among digital workers, particularly in the capital, Vilnius, which is full of coworking spaces. The country scores 47.1 on the index.
Prices in Vilnius:
- Cheap meal at a restaurant: €12
- Beer: €4.5
- Rent for a one-bedroom apartment in the center: €743 per month
The low prices attract many immigrants, but it also affects the local communities. For example, the average monthly salary in Podgorica is only €836—about a quarter of the average salary in London.