2024 Updated Price List on the Cost of Living in Bulgaria

If you’re considering a move to Bulgaria, it’s important to be aware of the cost of living in the country. While Bulgaria is generally a very affordable place to live, there are still some costs that can add up. At this juncture, let’s get to know some brief facts about this country.

Brief History About Bulgaria

Bulgaria is a country located in the Balkans region of Europe. It is bordered by Romania to the north, Serbia to the west, the Republic of North Macedonia to the south, and Greece to the east. The Black Sea lies to the east of Bulgaria. The country has a population of about 7 million people. The first humans settled in Bulgaria around 45,000 years ago. In the 6th century BC, the Thracians inhabited Bulgaria.

Around 500 BC, the Persians conquered Bulgaria. In the 4th century BC, Alexander the Great conquered Bulgaria. In 46 AD, the Romans conquered Bulgaria. In 681 AD, the Bulgars conquered Bulgaria. The First Bulgarian Empire was founded in 681 AD. In 1018 AD, the Byzantine Empire conquered Bulgaria. In 1185 AD, the Second Bulgarian Empire was founded. In 1396 AD, the Ottoman Empire conquered Bulgaria. In 1878 AD, Bulgaria became an independent state.

Read also: How to Obtain Bulgarian Citizenship by Investment

Benefits of Living in Bulgaria

There are many reasons why someone might want to live in Bulgaria. The cost of living is one of the biggest factors, as it is generally much cheaper than other Western European countries. According to Numbeo.com, the cost of living in Bulgaria is nearly 30% lower than in the United Kingdom.

Bulgaria also offers a great quality of life. The country has a rich history and culture, beautiful scenery, and friendly people. There are plenty of opportunities for outdoor activities, such as hiking, skiing, and mountain biking. And, if you’re a beach person, the Black Sea coastline offers over 200 kilometers of sandy beaches.

One of the biggest benefits of living in Bulgaria is the country’s low cost of living, which can help you save money and live a comfortable life. If you’re looking for an affordable place to live with a high quality of life, Bulgaria is worth considering.

Bulgaria’s Gross Domestic Product

Bulgaria has a GDP of $52.15 billion, making it the 100th largest economy in the world. The per capita GDP is $5,200, which is relatively low compared to other countries. However, the cost of living in Bulgaria is also relatively low. For example, a meal at a restaurant will cost about $5 on average.

Bulgaria’s gross domestic product (GDP) was $69.85 billion in 2017, according to the World Bank. That’s a small figure compared to the GDP of other European countries, but it still represents a significant amount of money. The cost of living in Bulgaria is relatively low, especially when compared to Western European countries. However, there are still some costs that can add up.

Read also: 10 Countries Having the Cheapest Citizenship by Investment

Different Costs of Living in Bulgaria

  • Cost of Feeding:

The cost of food in Bulgaria is quite reasonable, especially if you’re willing to cook at home. Basic staples like bread, milk, and eggs are very affordable, and you can find a decent meal at a restaurant for around 10 leva (about $5.50). Of course, if you’re looking for something more luxurious, you’ll have to pay more.

One important thing to keep in mind is that the quality of food in Bulgaria can be quite variable. If you’re used to eating high-quality, organic food, you may be disappointed with some of the options available here. However, if you’re willing to compromise on quality a bit, you’ll be able to find affordable, delicious food in Bulgaria.

  • Cost of Accommodation:

The cost of accommodation in Bulgaria is generally very affordable. There are several options available, from camping and hostels to apartments and houses. The average monthly rent for a one-bedroom apartment in the city center is around $300, while a three-bedroom apartment will cost around $500. Outside of the city center, prices are even lower. If you’re looking for something more luxurious, you can expect to pay upwards of $1,000 per month.

  • Cost of Healthcare:

When it comes to the cost of healthcare in Bulgaria, it is important to keep in mind that the country has a universal healthcare system. This means that all citizens of Bulgaria are entitled to free healthcare. However, there are some exceptions to this rule. For example, if you wish to see a specialist or have a procedure done that is not covered by the public healthcare system, you will likely have to pay out of pocket.

Read also: List of Best Medical Schools in New York

  • Cost of Utilities:

The average price of electricity in Bulgaria is around 0.10 € per kWh. This is quite affordable compared to other countries in Europe. For example, the average price of electricity in Germany is 0.30 € per kWh.

The average price of gas in Bulgaria is around 0.40 € per m3. This is also quite affordable compared to other countries in Europe. For example, the average price of gas in Germany is 0.70 € per m3.

Water prices in Bulgaria are also quite affordable. The average price of water is around 0,35 € per m3. This is much cheaper than in other countries such as Germany, where the average price of water is 1.00 € per m3.

  • Cost of Insurance:

Health insurance is mandatory for all residents, and the cost will vary depending on your age and coverage needs. You’ll also need to insure your car if you plan on driving in Bulgaria. Car insurance rates are relatively affordable, but they can still add up if you’re not careful. Make sure to get multiple quotes and compare rates before choosing a policy.

Other Interesting Contents

Frequently Asked Questions
  1. What is the currency in Bulgaria?
  2. The currency in Bulgaria is the Bulgarian Lev (BGN). 1 BGN is equal to 0.51 EUR.
  3. What is the climate like in Bulgaria?
  4. The climate in Bulgaria is moderate with average temperatures ranging from 18-25 degrees Celsius. However, it can get quite cold in the winter with temperatures sometimes dropping below freezing.
  5. What is the best time to visit Bulgaria?
  6. The best time to visit Bulgaria depends on what you want to do while you’re here. If you’re looking to enjoy the outdoors, then the spring and summer months are the best time to come.

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