Urban Transformation

The 9 cheapest cities to live in Europe

The Sagrada Familia temple is surrounded by construction cranes in Barcelona November 4, 2010. Pope Benedict XVI will arrive in Spain on November 6 and consecrate the Sagrada Familia, the famous unfinished work of Catalan architect Antonio Gaudi, as a basilica on Sunday.

Salaries differ across Europe but a higher pay packet doesn't always come with a better standard of living. Image: REUTERS/Gustau Nacarino

Lianna Brinded
Markets Editor, Business Insider
Share:
Our Impact
What's the World Economic Forum doing to accelerate action on Urban Transformation?
The Big Picture
Explore and monitor how Cities and Urbanization is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Cities and Urbanization

Salaries differ across Europe but a higher pay packet doesn't always come with a better standard of living.

According to Glassdoor's report titled "Which Countries in Europe Offer The Best Standard of Living?,” some cities with wages on the lower end of the scale make up for it with low prices.

Glassdoor's cost of living index takes into account is income versus "how much money is needed to buy a standard basket of goods and services in different countries, including groceries, restaurants, transportation, utilities, and rent."

Business Insider took a look at the 9 cheapest cities to live in Europe:

9. Marseille —The coastal city is the cheapest city to live in France but the country overall ranks pretty low in Glassdoor's separate standard of living index due to the average high cost in living, mainly through housing and rent.

8. Graz — The second-largest city in Austria is known as a university town and rent, food, and utility costs are some of the lowest in the country.

7. Barcelona —The seventh-most populous urban area in the European Union. It attracts professionals and tourists from across the world but living costs are still low compared to wages.

6. Lisbon — Glassdoor says that the average nominal wage in Portugal is only around €15,500 (£12,210, $17,641) but low local living costs mean the average city dweller will not be massively out of pocket.

5. Athens —The city may be rocked by mass unemployment and a refugee crisis but if you have a job, Athens is pretty cheap to live in.

4. Tallinn — Living costs in the city are incredibly cheap and considering it is the political and financial capital of Estonia, wages are on the rise.

3. Thessaloniki —The second largest city in Greece is by the sea and a major transportation hub for the country, providing lots of jobs. It also is a tourist hotspot — thanks to its museums and historical monuments.

2. Porto —Glassdoor says that the second largest city in Portugal is around 70% cheaper to live in than New York City.

1. Tartu — The beautiful city is the second largest in Estonia and is regarded by the country as its "intellectual capital" due to it being home to the nation's oldest and most renowned university, the University of Tartu.

More from Business Insider:

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Urban TransformationGeographies in Depth
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

India has the highest number of road accident fatalities – but one man’s determination has reduced that figure by 40%. Here’s how

Johnny Wood

May 15, 2024

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum