If you are thinking of moving to Bulgaria, it is 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 moment, let’s get some brief facts about this country.
Brief History of Bulgaria
Bulgaria is a country located in the Balkan region of Europe. It borders 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 east of Bulgaria. The country has a population of about 7 million people. The first people settled in Bulgaria about 45,000 years ago. In the 6th century BC, the Thugs lived in Bulgaria.
Around 500 BC, the Persians invaded Bulgaria. In 4 AD, the Romans invaded Bulgaria. In 46 AD, Bulgarians invaded Bulgaria. the Byzantine Empire invaded Bulgaria. In 1018 AD the Second Bulgarian Empire was founded. In 1185 AD, the Ottoman Empire invaded Bulgaria. In 1396, Bulgaria became an independent state.
Benefits of Living in Bulgaria
There are many reasons why one might want to live in Bulgaria. . According to Numbeo.com, the cost of living in Bulgaria is nearly 30% lower than in the United Kingdom.
One of the biggest benefits of living in Bulgaria is the low cost of living in the country, which can help you save money and live a comfortable life. If you are looking for an affordable place to live with a high quality of living, Bulgaria is worth considering.
Bulgaria’s Gross Domestic Product
Bulgaria has a GDP of US$52.15 billion, making it the 100th largest economy in the world. GDP per capita is $5,200, which is relatively low compared to other countries. For example, a meal at a restaurant will cost on average about $5.
This is a small figure compared to the GDP of other European countries, but it still represents a considerable 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.
Different Costs of Living in Bulgaria
- Cost of feeding:
The cost of food in Bulgaria is quite reasonable, especially if you are willing to cook at home. Basic products like bread, milk, and eggs are very affordable, and you can find a good meal at a restaurant for about 10 leva (about $5.50). If you are looking for something more luxurious, you will 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 are willing to compromise a bit on quality, you will be able to find affordable and delicious foods in Bulgaria.
- Cost of accommodation:
The cost of accommodation in Bulgaria is generally very affordable. There are several options available, from campsites and hostels to flats and homes. The average monthly rent for a one-bedroom apartment downtown is about $300, while a three-bedroom apartment will cost about $500. Outside the city center, prices are even lower. If you’re looking for something more luxurious, you can expect to pay over $1,000 a month.
- Healthcare costs:
When it comes to the cost of healthcare in Bulgaria, it is important to bear 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 want to visit a specialist or have a procedure not covered by the public health care system, you’ll likely have to pay out of pocket.
- Cost of services:
The average electricity price in Bulgaria is about 0.10 € per kWh. This is quite affordable compared to other countries in Europe. For example, the average electricity price in Germany is €0.30 per kWh.
The average gas price in Bulgaria is about 0.40 € per m3. This is also quite affordable compared to other countries in Europe. For example, the average gas price in Germany is €0.70 per m3.
Water prices in Bulgaria are also quite affordable. The average water price is about €0.35 per m3. This is much cheaper than in other countries like Germany, where the average water price is €1.00 per m3.
- Insurance Cost:
Health insurance is mandatory for all residents and the cost will vary depending on your age and coverage needs. You will also need to insure your car if you plan to drive in Bulgaria. Car insurance charges are relatively affordable, but they can still be added if you’re not careful. Make sure you get multiple quotes and compare tariffs before choosing a policy.