Bulgaria is a hidden gem in Southeast Europe, with a rich history and culture. The country has been gaining popularity among expats and retirees due to its low cost of living. If you are considering moving to Bulgaria or just curious about the cost of living there, this article will provide you with valuable insights.
Firstly, let’s talk about the Bulgarian currency – Lev (BGN). The exchange rate is fixed to the Euro, which means that 1 EUR equals approximately 2 BGN. This makes it easy for foreigners to understand the value of goods and services it also means that the value of the Lev remains relatively stable compared to other currencies in Europe.
Accommodation in Bulgaria is significantly cheaper than in most Western European countries. You can rent a one-bedroom apartment in Sofia, the capital city, for around 1000-1200 BGN (500-600 EUR) per month. Food prices are also affordable – a meal at an inexpensive restaurant costs around 15-20 BGN (8-10 EUR) while groceries for a week for one person would be around 50-60 BGN (25-30 EUR).