EU’s official static producer, Eurostat, has created a list of the cheapest and most expensive countries in Europe in terms of cost of living. Not surprisingly, prices in Denmark are 40% higher than the EU average. The entire Scandinavian and North Western European regions have higher cost of living compared to the Mediterranean and Eastern European regions.
However, prices in Bulgaria are 48% lower than the EU average. The Eastern European country offers the lowest cost of living in the entire European Union. Ahead of Bulgaria at the bottom end are Romania and Poland followed by Hungary and Lithuania. At the other end behind Denmark you can find Sweden, Finland and Luxembourg with, respectively, prices 30 and 23% above the EU average.
Food, non-alcoholic drinks and consumer electronics are cheaper in Poland while the cheapest alcohol and tobacco you can find is in Bulgaria. Iceland and Malta are the most expensive places to buy furniture in Europe while the cheapest is in Hungary.
The research includes prices in more than 30 countries – the 28 EU states as well as others with European trade agreement or seeking EU membership.