You searched for retire - Check in Price https://checkinprice.com/ Travel Economics for Expats and Travelers Sat, 14 Oct 2023 19:12:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://checkinprice.com/wp-content/uploads/2021/10/cropped-Blue-Icon-Construction-Logo-7-32x32.png You searched for retire - Check in Price https://checkinprice.com/ 32 32 How to Move to Montenegro (EU and Non-EU Citizens) https://checkinprice.com/move-to-montenegro-eu-non-eu-citizens/ Sat, 14 Oct 2023 12:40:43 +0000 https://checkinprice.com/?p=18328 How to move to Montenegro? Discover in this post how you can obtain a residence permit in Montenegro to work, study or retire. Are you looking to move to Montenegro? Learn how you can immigrate to the country and the reasons why you should consider doing it. Montenegro Overview Montenegro ... Read more

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How to move to Montenegro? Discover in this post how you can obtain a residence permit in Montenegro to work, study or retire.

kotor perast montenegro

Are you looking to move to Montenegro? Learn how you can immigrate to the country and the reasons why you should consider doing it.

Montenegro Overview

Montenegro is a country in Southern Europe, known for its scenic beaches on the Adriatic coast. Montenegro is also one of the youngest countries in the world, becoming independent just in 2006, after a referendum that separated Serbia and Montenegro in two countries.

Currently Montenegro is a highly attractive country for investors, retirees and business people. The country has a high quality of life, beautiful nature and a friendly immigration policy towards both EU and non-EU members.

How to Move to Montenegro?

There are many ways to immigrate to Montenegro, as we will discuss below. One of the huge advantages of Montenegro is that, you can come to Montenegro first and then apply for a residence permit after (which is not the case for most EU countries). This way, you won’t have to wait in your country of current residence as your documents will go back and forth to the embassy.

However, you can only do this if your passport allows you visa free entry to Montenegro. This list includes most of the countries in Europe (including Russia and Turkey), most countries in South and North America, as well as Australia, New Zealand and some countries in East Asia.

Now, let’s discuss the options to get your residence permit in Montenegro.

Montenegro Residence Permit by Real Estate Acquisition

Montenegro is one of the few countries that allow foreigners to acquire residence by buying real estate. There are some restrictions to this, but broadly, you can get this type of residence permit by buying property, which can be a house or an apartment. You have to own at least 50% of the property in order to qualify for residence.

You can read more about it on Nur Properties website.

Montenegro Residence Permit by Opening a Company

One of the most popular options to obtain a residence permit in Montenegro is by opening a company. If you are the owner of a company incorporated in Montenegro, you can apply for a residence permit in Montenegro. However, you must own at least 51% percent of the shares of the company to qualify.

This can be a good option if you are a digital nomad and want to have Montenegro as your base. It also can be a good option if you want to work with real estate or hospitality, which are popular options for foreigners in Montenegro. 

Montenegro Work and Residence Permit

If you find a job in Montenegro, it is relatively easy to get a work permit (in fact, the hardest part is finding the job). Montenegro is also a popular place for temporary workers from neighboring countries during the summer season. 

Student Residence Permit

Every student enrolled in a higher education institution in Montenegro is also eligible for a residence permit.

Permanent Residence Permit in Montenegro

After living in Montenegro for five years, you will be able to apply for your permanent residence permit in the country.

One of the disadvantages of Montenegro is that your time out of the country is quite limited if you want to make it count towards permanent residency. While you are on a temporary permit, you have to notify the police each time you leave the country for more than 30 days.

You can read more about it in the Montenegro Government website (in Montenegrin).

Advantages of living in Montenegro

montenegro residence permit

Here are some advantages of living in Montenegro as an Expat:

Easy Residence Permit for EU and Non-EU Citizens

One of the no brainer advantages of living in Montenegro is how easy and flexible it is to get a residence permit, for both EU and non-EU citizens. Whether you want to work in Montenegro, become a remote worker while being in Montenegro, or just retire, there are plenty of options that might be suitable to your needs.

Perfect Place to Retire

Montenegro is a perfect place if you want to retire. It is safer than most Western European countries, and has a good overall level of public services, including health care.

Despite its small size, it has excellent connectivity. It has directly flights to most European key cities like Moscow, Frankfurt, London and Istanbul. 

Low Cost of Living

Montenegro is located in the Balkans, one of the most affordable regions of Europe. Cost of living in the country is lower than in Western Europe when we talk about day-to-day costs like groceries and transport, but also for long term purchases like real estate.

Real estate in the country is especially inexpensive if you are not aiming at the coastal area. The capital Podgorica has some of the lowest prices per square meter among European capitals.

Low Corporate and Income Tax

Another huge advantage of Montenegro are its low taxes, both at  individual as well as corporate level. Corporate taxes are currently at 9% in Montenegro, one of the lowest levels in the European continent. Personal income tax ranges from 9% to 11%, plus a surcharge depending on the municipality you live. In almost all cases you will end up paying less than 13% total income taxes at a personal level.

You can read more about taxes in Montenegro here.

Stable Economy and Euro Currency

Even though Montenegro is a small country, it has a quite stable economy. Montenegro uses the euro as its currency, reducing risk of potential inflation or national currency devaluation. 

Interest rates are low, and you can keep funds in different currencies in most Montenegrin banks.

Citizenship and Expansion of EU 

Montenegro is in talks to become an European Union country, although there is no defined date for the country to join the bloc. You can apply for citizenship after you become a permanent resident of Montenegro.

Alternatively, Montenegro also has a program of citizenship by investment. The minimum amount required to get Montenegrin citizenship by investment is 350.000 euros. This includes a minimum investment of 250k in real estate, plus a 100k non-refundable donation.

Other Resources to Move to Montenegro

If you want to travel or immigrate to Montenegro you might want to check some of our other content. Check Montenegro and where to stay in Montenegro.

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Cost of Living in Budapest, Hungary https://checkinprice.com/cost-of-living-in-budapest-hungary/ Fri, 07 Apr 2023 11:48:15 +0000 http://checkinprice.com/?p=4908 Cost of living in Budapest: let’s analyze costs of food, real estate, entertainment and transport in Budapest, Hungary Are you planning to move to Budapest, Hungary? Check below the data for the cost of living in Budapest, the capital and the biggest city in Hungary. Cost of Living in Budapest, ... Read more

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Cost of living in Budapest: let’s analyze costs of food, real estate, entertainment and transport in Budapest, Hungary

Are you planning to move to Budapest, Hungary? Check below the data for the cost of living in Budapest, the capital and the biggest city in Hungary.

cost of living in budapest

Cost of Living in Budapest, Hungary

Budapest is the capital and largest city in Hungary. It is also one of the most beautiful cities in the old continent, and famous for its architecture, ruin pubs and amazing alles beside the Danube.

Furthermore, Budapest is one of the best cities for expats. The city is breathtaking and the price levels of goods and services are relatively low compared to the surrounding countries. Also Budapest has an international airport and three international railway stations which makes travelling comfortable and easy in and out of the city.

One of the main reason behind the growing number of foreign companies and employees in Budapest might be the location of the city. From Budapest it is convenient to do business with any part of the world but with a significantly lower operational cost than from Western Europeans countries.

The cost of living in Budapest is still more affordable than in most of the European countries thanks to the cheap public transport and general services. However the rent rate in city is continuously growing and getting closer to the Western European housing prices.

Let’s check some data for the cost of living in Budapest, Hungary below:

The currency in Hungary is the Hungarian Forint. The conversion rate to the HUF is 1 dollar to 392.23 HUF as of November 22, 2024.

If you want to suggest your own values based on your experiences in this city, click on edit and insert the values. Upon moderation they will be calculated to make part of the average prices displayed below.

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Cost of Living for Students in Budapest, Hungary

Budapest is great place for students. The education level of the universities is high and internationally acknowledged. Several student dorms are available for international students, too. The cost of living for students is definitely more favorable than in cities with similar attributes.

There are numerous higher education institutes in Budapest. Undergraduate, graduate and even higher level education and courses are available mainly in English, German and Hungarian but other languages are also represented. It is possible to participate in Hungarian language courses for students.

Here are some of the main higher education institutions in Budapest:

Corvinus University of Budapest

Budapest University of Technology and Economics

Eötvös Loránd University

Getting a Job in Budapest

Budapest is not just the capital but the center of country’s business life and job market. Most of the international jobs in Hungary are located in Budapest. The two most commonly required languages are English and German but several jobs are available for Russian speakers or any other slavic native people. More and more IT companies are coming to Budapest but there are positions for almost any kind of engineers and business professionals.

Salaries in line with the prices are not that high in Hungary but in case of international employees the employers are always willing to pay closer to the all European market. Additionally it is common to offer relocation services or other daily services for expats.

Here are some websites for job hunting in Hungary:

Profession.hu

Workania.hu

Jobinfo.hu

Quality of Life in Budapest

Budapest has a great quality of life with its amazing parks and natural areas equally with the spectacular squares and streets of city. For a reasonable price luxury services are available. Several theater and cultural programs offer high level of entertainment. The infrastructure and the public transport are well organized and fairly priced. Additionally there are various non-stop stores and restaurants around the city.

Most of the city is secure and has an exciting but in the same time safe nightlife. Pickpockets are very rare on the public transport.

English and German are well spoken among the younger generations,the older generations are more likely to speak Russian. Hungarian is not an easy language but Hungarian are enthusiastic language teachers.

If you are visiting Budapest soon you may want to check some of our other Hungary guides. Check the where to stay in Budapest and our article on the Budapest travel budget per day. You can also check the our article on trains from Budapest. You can also check how to travel from the Budapest Airport to the city center, and how to travel from Ljubljana to Budapest, Vienna to Budapest and Krakow to Budapest.

Other Resources for Expats and Travelers

Salaries Worldwide: check our articles on wages worldwide and understand better the economics of the countries you may be considering to move or invest.

Retire Abroad: check our retirement guides and maximize your retirement income and quality of life.

Jetradar: compare and find the cheapest air fares worldwide.

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Cost of Living in Bucharest, Romania https://checkinprice.com/cost-of-living-in-bucharest-romania/ Wed, 22 Mar 2023 07:54:50 +0000 http://checkinprice.com/?p=4931 Cost of living in Bucharest: let’s analyze the main costs for anyone considering living in the capital of Romania Are you considering making a change in your life and moving to Bucharest? Do you have an opportunity to work or study in Romania? Then read on and find out more ... Read more

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Cost of living in Bucharest: let’s analyze the main costs for anyone considering living in the capital of Romania

Are you considering making a change in your life and moving to Bucharest? Do you have an opportunity to work or study in Romania? Then read on and find out more about the cost of living in Bucharest, the capital of Romania.

cost of living in bucharest

Cost of Living in Bucharest, Romania

Bucharest is by far the biggest city in Romania and it’s one of the biggest cities in Europe. With an official population of over 2 million and an unofficial one of over 3 million, it is a very vibrant city.

Bucharest still has the scars of communism over it, with big grey buildings that have a grim utilitarian feeling. The city also has houses and mansions from different styles, including Art Nouveau and Art Deco. Strolling down the streets you will notice a sharp and clear contrast between these styles.

Besides the architecture, there are not many other indicators that this was a communist country for nearly 45 years. Bucharest has quickly reinvented itself into a dynamic European capital. Currently, it is a multicultural city that is still growing and is far off from its maximum potential.

As a side effect of this, the cost of living is on the rise and it’s comparable with cities like Budapest, Prague or Krakow. While food and transportation is still quite affordable, the cost of accommodations is growing steadily, with more affluent areas being off limits to regular locals. There are places where only the most well-off Romanians and expats can afford. All in all, the city as a whole is still more affordable than other larger cities in Europe.

Let’s check some data for the cost of living in Bucharest, Romania below:

The currency in Romania is the Romanian Leu. The conversion rate to the RON is 1 dollar to 4.75 RON as of November 22, 2024.

If you want to suggest your own values based on your experiences in this city, click on edit and insert the values. Upon moderation they will be calculated to make part of the average prices displayed below.

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Cost of Living for Students in Bucharest, Romania

Being a student in Bucharest is one of the best places where you can experience college life. The education on offer is very good, although not top-notch as in London, Paris or Amsterdam. However, where it excels is the affordability.

Tuition fees in Romania can be considered on the cheaper side if you compare them with universities from Western Europe. Generally, tuition costs will range from 1000 to 5000 euros a year for foreigners(depending on your citizenship and the degree). University cycles usually last from three to four years, depending on the educational profile.

Some universities also offer English only courses, aimed mostly at expats and Romanians looking to work in a multinational environment.

Here are some of the best higher education institutions in Bucharest:

Academy of Economic Studies

University of Bucharest

Politehnica University of Bucharest

Getting a Job in Bucharest

Bucharest has a very dynamic work environment. You will find a multitude of jobs aimed at the international market. There are big multinational companies that have operational headquarters based in the city.

As such, Bucharest has pretty competitive salaries, often comparable with some Western European countries in some sectors. There are opportunities available for professionals in almost all domains, the most developed one being the IT industry. It is often called the Silicon Valley of Europe, with almost 100,000 people working in one of the high-rises in the northern part of the city.

You can find a job very easily in Bucharest by going here:

Best Jobs

eJobs

Jobs in Bucharest

Quality of Life in Bucharest

Whatever you think that the life in Bucharest is, you will be very much surprised. The city is full of young professionals, creating a dynamic atmosphere with a large number of cultural events and concerts.

While the traffic can sometimes be a nightmare, mainly during the day as people are going and coming from work, this is the only major drawback. You’ll be surprised at the diversity this city offers. Also, most of the people here will be able to communicate with you as English is very widely spoken, at least among the younger populace.

If you are visiting Bucharest soon you may want to check some of our other Romania guides. Check the where to stay in Bucharest. You can also check the our article on how to find a job in Romania, and the average and minimum salary in Bucharest.

Other Resources for Expats and Travelers

Salaries Worldwide: check our articles on wages worldwide and understand better the economics of the countries you may be considering to move or invest.

Retire Abroad: check our retirement guides and maximize your retirement income and quality of life.

Jetradar: compare and find the cheapest air fares worldwide.

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Cost of Living in Chisinau, Moldova https://checkinprice.com/cost-of-living-in-chisinau-moldova/ Wed, 22 Mar 2023 07:16:12 +0000 http://checkinprice.com/?p=4928 Cost of living in Chisinau: let’s analyze costs of food, real estate, entertainment and transport in Chisinau, the capital of Moldova Cost of living in Chisinau, Moldova: Considering visiting Moldova? Even more specifically, do you want to relocate to Chisinau? Take a look below and make up your mind with ... Read more

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Cost of living in Chisinau: let’s analyze costs of food, real estate, entertainment and transport in Chisinau, the capital of Moldova

Cost of living in Chisinau, Moldova: Considering visiting Moldova? Even more specifically, do you want to relocate to Chisinau? Take a look below and make up your mind with the analysis we have performed on the capital and biggest city of Moldova.

moldova chisinau

Cost of Living in Chisinau, Moldova

Chisinau is the biggest city in Moldova. Being the capital of the country, it will provide you with the best option from a quality of life point of view. It is still an emerging Eastern European city coming with all the good and bad of such a city.

It is full of vibrant life, young people looking to make the most out of their lives, tasting the freedom that new opportunities usually provide. While expats are still a rare sight within the city, more and more foreigners are coming to the city, be it as turists or as working professionals. It is the perfect time to get ahead of the curve and set down roots in this future prosperous urban centre.

As it is still an uncut diamond, the cost of living is very low. You can find good amenities at good prices as well as food that was grown in local farmer’s gardens. If you are looking to go out and have some fun or grab a bite to eat, mosts clubs, bars and restaurants offer very affordable prices for a westerner’s budget. It is actually one of the cheapest capitals in Europe.

Let’s check some data for the cost of living in Chisinau, Moldova below:

The currency in Moldova is the Moldovan Leu. The conversion rate to the MDL is 1 dollar to 18.17 MDL as of November 22, 2024.

If you want to suggest your own values based on your experiences in this city, click on edit and insert the values. Upon moderation they will be calculated to make part of the average prices displayed below.

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Cost of Living for Students in Chisinau, Moldova

Chisinau is a good place for students to live in. However, as a general note, the Universities here are not very popular by people outside of the country. Regardless of this however, if you decide to go study in Chisinau, you will be very lucky.

While the night-life is very abundant and you can find many things to occupy your time with, the city will offer all of its prospects at a very low price. Besides this, accommodations can be found at a very low price. Getting a high enough admission grade will grant you a place in a dormitory where everything is paid for, besides the monthly admin fee.

Very important to note is that tuition fees are around 500 EUR per year. Universities vary in length based on the type of degree you are going after. So, Bachelour of Arts usually takes 3 years to complete, while a Bachelour of Law or of Science takes 4 years.

Here are some of the top Universities in Chisinau:

State University of Moldova

Technical University of Moldova

Academy of Economic Studies from Moldova

Getting a Job in Chisinau

Chisinau has a very up and coming feel to it. There aren’t a lot of available jobs where English is the only spoken language. However, there are more and more international companies that are opening offices there due to the skilled labour and lower costs associated.

Another option is for Russian speakers, as you can find work a bit easier this way. Moldova still has business relationships with Russia from the times of the Soviet Union. You will find a lot of people, mostly the better educated ones, still speak Russian as their main language.

However, don’t be discouraged, good professionals are in great demand in Moldova. The country is suffering from an acute brain drain, making high paying jobs a frequent occurrence for very skilled individuals. However, such positions still garner a lower wage than their equivalent in more powerful countries such as Romania, Hungary or Slovakia, to name a few from its vicinity.

Here are some websites for job hunting in Chisinau:

Rabota

Piata Muncii

Jobs Diez

Quality of Life in Chisinau

In Chisinau, you will get almost all of the benefits from living in a European Capital. It is a very safe city with maybe only petty crime to look out for. The city offers a lot of restaurants and bars, so entertainment is not an issue. Finally, the increasing number of flights to the capital is making Chisinau more accessible in recent years.

Amongst the negative aspects in Chisinau the bureaucracy is certainly high, especially for a non-native speaker. The transport infrastructure is pretty lacking as well as public transportation, which has a lot of room for improvements.

However, as an emerging capital city, the trend is overall positive for Chisinau’s infrastructure and quality of life.

If you are visiting Chisinau soon you may want to check some of our other Moldova guides. Check the where to stay in Chisinau. You can also check the our article on how to find a job in Moldova, and the average and minimum salary in Moldova.

Other Resources for Expats and Travelers

Salaries Worldwide: check our articles on wages worldwide and understand better the economics of the countries you may be considering to move or invest.

Retire Abroad: check our retirement guides and maximize your retirement income and quality of life.

Jetradar: compare and find the cheapest air fares worldwide.

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How to Retire in Montenegro – Full Guide https://checkinprice.com/retire-in-montenegro-guide/ https://checkinprice.com/retire-in-montenegro-guide/#comments Wed, 22 Mar 2023 06:31:27 +0000 http://checkinprice.com/?p=2245 How to retire in Montenegro? This guide is ideal for those considering moving to Montenegro temporarily or permanently Are you considering to move or retire in Montenegro? This guide brings useful information on how to make your relocation to Montenegro viable and inexpensive. In this post will analyze the advantages and ... Read more

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How to retire in Montenegro? This guide is ideal for those considering moving to Montenegro temporarily or permanently

Are you considering to move or retire in Montenegro? This guide brings useful information on how to make your relocation to Montenegro viable and inexpensive.

retire in montenegro
Kotor, Montenegro. Photo by Louis Englishhmann

In this post will analyze the advantages and disadvantages of living in Montenegro. Learn how to get to Montenegro, open a bank account in Montenegro, and about the cost of living in this beautiful Balkan Nation

Retire in Montenegro: Overview

Montenegro is one of the youngest countries in the world, but it certainly has a rich history. Montenegro got independent from Serbia in 2006, as its outcome is related to the Yugoslavian dissolution. Unlike in countries like Croatia and Bosnia, the independence process in Montenegro was peaceful.

The country is one of the most beautiful in Europe. It has a magnificent sea side on the Adriatic, and is almost entirely covered by the Dinaric Alps.

Montenegro is one of the most affordable summer destinations in Europe. It is also one of the least populated countries in Europe, with a population under 700.000 inhabitants.

Getting to Montenegro

Getting to Montenegro is quite easy if you are in Europe. However, if you are traveling from other continents, there are no direct flights to this small Balkan nation.

The number of direct flights to Montenegro has increased over the past few years, and the trend looks quite positive. The main airports in the country are Podgorica Airport in the capital, and the Tivat Airport, serving the Adriatic Coast with mostly summer flights.

Montenegro is also accessible by road, train or seaside. Despite its mountainous relief, Montenegro has a very privileged location in Europe, therefore it is easily accessible by land or sea from a number of countries, including its Balkan neighbors and Greece (by land and sea) and Italy (by sea).

Opening a Bank Account in Montenegro

Always when moving temporarily or permanently to a new country, you may want to consider opening a bank account. Having a local bank account in Montenegro will certainly make things easier if you are staying in the country for longer periods. Apart from paying less transactions fees to local accounts and purchases, some services are available only for domestic accounts.

retire in montenegro

Having a bank account in Montenegro also saves you from paying high fees while withdrawing money in Montenegro. The good news is that Montenegro uses the Euro, even if its not part of the European Union or the Eurozone. This is definitely a good thing as there are less changes your funds will not suffer from eventual currency fluctuations.

There are banks operating in Montenegro, most of them are owned by bigger banking groups based in the European Union. Most Montenegrin banks have a deposit guarantee of up to 50.000 euros. Banking in the country is really easy and mostly a good idea, even if you are not planning to retire in Montenegro.

Here are some of the biggest banks in Montenegro by market share.

PRVA BANKA CG
SOCIETE GENERALE Owned by Societe Generale (France)
NLB BANKA
Hipotekarna Banka
ERSTE Bank Owned by ERSTE Group (Austria)
Crnogorska komercijalna banka Owned by OTP (Hungary)

Most banks in Montenegro will allow you to open a bank account as a non-resident or resident. To open a bank account in Montenegro as a non-resident you will need to provide your passport or id. Sometimes you will also need to provide a proof of residence of issued in your country of origin, however the requirements can change at the bank’s discretion.

Getting your Montenegro Residence Permit

Getting a residence permit in Montenegro is quite easy and inexpensive. Since Montenegro is not in the EU, it is easy to get a permit to live in Montenegro regardless of your citizenship.

While in most EU countries the options are pretty limited for Non-EU citizens, in Montenegro you can easily relocate to a privileged location in Europe. This is a great advantage if you are not an EU citizen and want to retire in Montenegro.

There are two ways I recommend as a path to get a residence permit in Montenegro. The first is buying real estate in the country. The second is opening  company in Montenegro. Both ways will create grounds for you to apply for a residence permit in the country.

open bank account montenegro

Opening a company in Montenegro is a quite simple and inexpensive process. It is the easiest choice to establish your residence in Montenegro. You do not necessarily operate the business you open actively, but there are fixed yearly costs with running it.

Montenegro taxes are also quite low, especially for European standards. Income tax is just 9% in the country.

Montenegro Citizenship by Investment

Recently Montenegro followed other countries like Cyprus and Malta, and now offers citizenship by investment. The starting investment to qualify for it is of 350,000 euros.

Another path to obtain citizenship in Montenegro is living a number of years in Montenegro. This option does not require an investment in the country.

Montenegro Cost of Living

The cost of living is also one of the most relevant factors for those willing to move or relocate overseas. Let’s analyze the cost of living in Montenegro including costs with groceries and internet, transport and real estate.

Overall, the cost of living in Montenegro is considerably lower than those of North America and Western Europe. Real estate prices in Montenegro are relatively high, especially on the coast. Transport and groceries are quite inexpensive, while internet is relatively expensive.

Real estate prices in Montenegro are variable, depending on the location you choose. The coast is mostly expensive, especially in the areas of Kotor, Tivat, and Budva. The capital Podgorica has variable prices depending on the area, and the countryside offers real bargains.

Other Resources for Travelling in the Balkans

If you are travelling to Montenegro you might want to check or other guides to the Balkans. Check where to stay in Dubrovnik and the best places to stay in Belgrade. You might want to check our guide on where to stay in Montenegro as well.

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Best Time to Visit Croatia (Seasons and Months) https://checkinprice.com/best-time-to-visit-croatia/ Mon, 20 Mar 2023 07:54:36 +0000 http://checkinprice.com/?p=5800 Best time to visit Croatia: learn more about when to visit this amazing country in Southern Europe, known for its history and beautiful seaside When to visit Croatia? This post will help you to decide when is the best time to visit Croatia according to your requirements and expectations. In ... Read more

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Best time to visit Croatia: learn more about when to visit this amazing country in Southern Europe, known for its history and beautiful seaside

When to visit Croatia? This post will help you to decide when is the best time to visit Croatia according to your requirements and expectations.

best time to visit croatia

In this post we will analyze in full detail the best time to visit Croatia. It will include the when to visit Croatia if you are visiting the capital Zagreb, or if you are going to the coast, including cities like Dubrovnik, Split, Zadar, or Pula. It will also feature a brief overview of climate in Croatia, and what each season offers to visitors in the country.

Best Time to Visit Croatian Beaches

Croatian beaches are some of the most beautiful in the world. The tourism infrastructure is highly developed and the proximity to other European countries make of Croatia a magnet for tourists.

The coast of Croatia has higher average temperatures than most countries in Europe, and that certainly adds to the country’s attractiveness. However, as Croatia has a pretty high latitude, sunbathing and swimming year round is not really a pleasant option.

You usually can enjoy the beach in Croatia from May to September, with the highest temperatures occurring in July and August. July and August are also the busiest months to visit the Croatian coast, so one can expect higher prices and crowds during this time. If you can choose anytime to visit Croatian beaches, June and September usually have great deals and much less crowded beaches.

Cheapest Time to Visit Croatia

If you are willing to visit Croatia but if you are on a budget, the country offers excellent options, especially if you don’t mind the cold weather. While most of tourists prefer to visit Croatia from May to September, the other months are much more affordable.

For those going to the Croatian seaside, one can expect pretty low prices from Autumn all the way to early Spring. Late May is a great time to get bargain prices and still be able to enjoy good temperatures.

Climate in Croatia

Most of the Croatian territory has a continental climate, including its capital Zagreb. A good part of the Croatian coast is, however, in a Mediterranean climate area. The continental area of Croatia has seasons with a high temperature amplitude, with cold winters and quite hot summers.

The Adriatic coast of Croatia has a much less significant temperature change than its continental part. That fact is mostly due to the influence of the Adriatic on this region, which moderates the temperature. Croatia’s outer islands and Southern coast are the sunniest and warmest areas of the country.

Dubrovnik Croatia

Best Time to Visit Croatia (Seasons)

Winter in Croatia

Winter is Croatia does get chilly, especially if you are visiting the capital Zagreb or other cities in the continental part of the country. The coast of Croatia is however much more pleasant, being considerably warmer than the capital.

It is important to stress that if you visit the coast of Croatia during winter, it will appear rather empty. Except in bigger cities like Rijeka or Split, you will find many bars, restaurants and hotels closed for the low season. However, it is still worth it to visit historic sites like the Old City of Dubrovnik, an UNESCO World Heritage Site.

Average temperature in January in Zagreb: 0.3 C
Average temperature in January in Split: 8.0 C
Average temperature in January in Dubrovnik: 9.2 C

Spring in Croatia

Spring is potentially the best time to visit Croatia. This season allows you to go sightseeing and enjoy the beach with relatively low concentration of tourists and pretty affordable prices. It is also a pretty good time to visit the Plitvice Lakes, one of the most amazing natural wonders in the Balkans.

The months of April and May are also great to visit the cultural and historical sites in Croatia. Finally, it is one of the best times to enjoy the capital Zagreb and sit outside in one of its various pleasant cafes.

Average temperature in May in Zagreb: 15.8 C
Average temperature in May in Split: 18.9 C
Average temperature in May in Dubrovnik: 18.3 C

Summer in Croatia

The summer months in Croatia mean peak season, especially in July and August. Beaches are crowded and are a great place for entertainment, meeting people and also enjoying the Croatian nightlife.

Summer might also be a good idea if you want to visit Zagreb. The capital of Croatia is much less crowded than cities like Budapest or Vienna. Many of its residents flock to the coast, and the city has a rather peaceful atmosphere. On top of that, you can enjoy the INmusic Festival in July, the biggest open air festival in Croatia in late June.

Average temperature in July in Zagreb: 20.6 C
Average temperature in July in Split: 25.7 C
Average temperature in July in Dubrovnik: 24.6 C

Autumn in Croatia

Autumn in Croatia is a good idea if you are both coming to the coast or to Zagreb. If you come in September, you can still enjoy the beach with good prices and with most hotels and restaurants still opened along the coast. In October, historical sightseeing is a good option, as temperatures are usually mild and prices are inviting.

Average temperature in September in Zagreb: 15.9 C
Average temperature in September in Split: 21.2 C
Average temperature in September in Dubrovnik: 21.4 C

Other Croatia Resources

If you are visiting Croatia soon you might want to check some of our other guides to the country. Check our guide on the best places to stay in Zagreb and where to stay in Dubrovnik. You can also check our guide on how to retire in Croatia and read more about international airports in Croatia.

Have you been to Croatia or you need more info about the Country? Leave your thoughts and questions in the comment box below.

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How to Retire in Greece? Full Guide https://checkinprice.com/how-to-retire-in-greece/ Mon, 20 Mar 2023 05:53:28 +0000 http://checkinprice.com/?p=2649 How to retire in Greece? Check this relocation guide featuring a cost of living analysis to one of the most beautiful countries in the world. Are you considering moving or retiring to Southern Europe? This retire in Greece guide is ideal for any one considering to make Greece as your home. Check information ... Read more

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How to retire in Greece? Check this relocation guide featuring a cost of living analysis to one of the most beautiful countries in the world.

Are you considering moving or retiring to Southern Europe? This retire in Greece guide is ideal for any one considering to make Greece as your home. Check information on residence permits, cost of living and other important data on Greece retirement prospects.

retire in greece

This guide will cover in detail the advantages and disadvantages of retiring and living in Greece. It also brings a cost of living analysis in the country, and ways to optimize your budget while having a great quality of life.

Retire in Greec: Overview

During the past decades, Greece has changed considerably, especially when it comes to its economy. Despite being a full European Union member, the country has been struggled to keep its economy competitive.

However, the Greek economic crisis is also a source for opportunities in the country. Real estate prices are especially attractive in the country at the moment, and Greece is currently a great retirement destination, especially if you have a limited budget.

Apart from its attractive prices, Greece is also famous for its amazing landscapes and beautiful islands. Greece also enjoys pleasant weather most of the year, and has a much warmer climate than most Western European countries.

Greece is also in the Schengen Area, meaning one won’t have to worry with passport controls when coming from most Western European countries. Finally, the country has manage to secure its stay in the Eurozone, decreasing risk of Greek-based assets or currency devaluation.

Getting to Greece

Greece lies in the Southeastern border of the European Union. It has a privileged coastline on the Mediterranean basin and approximately 6000 islands, although only 227 have a permanent population. Greece shares land borders with Turkey to the East, and Bulgaria, Macedonia and Albania to the North.

The country has a very developed transport infrastructure, and getting to Greece is easy and inexpensive if you are in Europe. It is possible to reach Greece from other European countries by land (roads and railways), by sea (Greek ferries) and by air.

There are multiple low cost and flag carrier airlines operating to various Greek cities and Islands. Greece is one of the main European summer destinations, and there are many international airports with good infrastructure in the country. The busiest airports in Greece are Athens, Heraklion, Thessaloniki and Rhodes.

Greece enjoys a vast network or domestic and international ferries, connecting its main islands and cities. The busiest lines in terms of frequencies and options connect Greece to Italy, but it is also possible to travel from Turkey using ferries. You can also travel from Albania to Greece using a ferry (from Sarandë to Corfu).

Land transportation is the possibly the least convenient way to get to Greece. Even if there are railways connecting Greece to countries like Bulgaria, Romania and Macedonia, the routes are infrequent and the travel length is usually long. If you are traveling by car you can reach it from all the countries bordering Greece, however queues at the borders can be quite annoying.

Opening a Bank Account in Greece

Opening a bank account in Greece is not the easiest process, especially when compared to other countries in its vicinity. However it is possible even as a non-resident.
Greece has seen in its recent history some episodes of capital controls, which made the country much less attractive for banking. However, the situation is currently improved and capital controls are no longer a reality in Greece.

The requirements to open a bank account in Greece will depend on a number of factors. The main factors are, the bank, your status in Greece and sometimes, even the bank representative mood will determine your bank account opening.

As mentioned above, is not impossible to open a bank account in Greece both as a resident or a non-resident of the country. I would only recommend opening a bank account in Greece if you plan to live most of the year or buy real estate in the country.

To open a bank account you will usually require getting your Greek AFM (αριθμός φορολογικού μητρώου) which is the Greek tax id number. You can get it at any Efora, and you don’t need to be a resident to get one.

With your passport and your Greek tax id, you will have good chances to open a bank account in Greece. However, some banks may require other documents like a proof of residence (utility bill) or other documents.

Here are some of the biggest banks in Greece by market share.

Piraeus Bank

Eurobank

National Bank of Greece

Alpha Bank

Another advantage of having a bank account in Greece is the European deposit insurance scheme. In case your bank becomes insolvent, up to a certain amount, you will not lose your funds.

Getting your Residence Permit in Greece

Since Greece is part of the European Union and inside the Schengen area, the requirements to live in the country are quite different. The application and requirements will depend on your country of citizenship.

EU Citizens

If you a citizen of the European Union or the EEA you will have the right to reside in Greece. However, you need to register your stay in the country if you are planning to stay in Greece for more than 90 days. The registration process is simple, and does not require much documents.

The registration is pretty straightforward and the procedure has recently been simplified. Once you register your stay in Greece as an EU citizen, you do not have to renew it.

Non-EU Citizens

Becoming a resident of Greece as a Non-EU citizen is a relatively lengthy process that involves some bureaucracy. are not an EU citizen however, the process to get your residence permit involves some more paperwork. Greece sits somewhere in the middle when compared to other EU countries for those willing to retire and the paperwork involved.

retirement in greece

There are a few ways a Non-EU citizen can acquire permission to stay in Greece. Here, we will analyze a few of these options for those willing to retire in the country. This is especially aimed at those who have an income from abroad.

The first option is getting a residence permit for financially independent individuals. If you can proof a reliable steady income of € 2000 per month, you are probably eligible for this type of residence permit. You will also need a private health insurance for this type of permit.

The second option is acquiring real estate in Greece. The total of your real estate assets has to exceed € 250.000 in order to qualify for this type of permit.

There is also the option of becoming a self-employed person in Greece. For this, you will need to deposit € 60.000 in a Greek bank account. The applicant also must show evidence of a solid business plan, among other requirements.

More information is available in the Hellenic Republic Ministry of Foreign Affairs website.

Greece Cost of Living

The cost of living in the country is one of the most attractive factors for those considering retiremen in Greece. Despite being a full European Union member and using the Euro single currency, Greece enjoys a lower cost of living then most of its Western counterparts.

The economic crisis in Greece changed the country’s financial situation deeply. That had a positive effect for expats attracted to lower prices and moving in the country. Most of the costs in Greece have decreased in recent years.

Real estate prices are decreasing since 2008, and you may find great property bargains. This investment is especially interesting for citizens of the SEPA countries, as the level of bureaucracy is considerably lower. The price of real estate in Greece in considerably lower than other European summer destinations such as Portugal or Spain.

Food in Greece is also relatively affordable and rather abundant. Greek restaurants are delicious and are often inexpensive for those coming from Northern Europe or the US. Grocery prices are comparable to those in most Eurozone countries.

If you are visiting the country and considering to move or also retire in Greece, check our guide on where to stay in Athens. You can also check where to stay in Corfu and how to get from Athens to Thessaloniki.

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Cost of Living in Hong Kong https://checkinprice.com/cost-of-living-in-hong-kong/ Sat, 04 Feb 2023 17:37:14 +0000 http://checkinprice.com/?p=6133 Cost of living in Hong Kong: let’s analyze costs of food, real estate, entertainment and transport in Hong Kong, China Are you planning to visit or work in Hong Kong? Check below the data for the cost of living in Hong Kong, the most developed Special Administrative Region of China. ... Read more

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Cost of living in Hong Kong: let’s analyze costs of food, real estate, entertainment and transport in Hong Kong, China

Are you planning to visit or work in Hong Kong? Check below the data for the cost of living in Hong Kong, the most developed Special Administrative Region of China.

cost of living in hong kong

Cost of Living in Hong Kong

Hong Kong is one of the most interesting cities in Asia. What was once part of the British Empire and now a Special Administrative Region of China, Hong Kong managed to remain highly attractive for Asian and Western expats, investors and corporations.

The city undoubtedly offers career prospects for many expats. Hong Kong is one of the world’s leading financial hubs, also a free port, and one of the most attracting places in the world when it comes to taxes.

Despite an extremely favorable scenario for business (HK scores high in economic freedom), the city also has its disadvantages. The cost of living in Hong Kong is extremely high. The main factor pushing the overall cost of living in Hong Kong is the price of housing. Hong Kong is one of the most expensive cities in the world for both home buyers and renters.

Other costs of living in Hong Kong such as groceries and restaurant prices are comparable to other Asian top tier cities including Tokyo and Seoul.

Let’s check some data for the cost of living in Hong Kong below:

The currency in Hong Kong is the Hong Kong Dollar. The conversion rate to the HKD is 1 dollar to 7.78 HKD as of November 22, 2024.

If you want to suggest your own values based on your experiences in this city, click on edit and insert the values. Upon moderation they will be calculated to make part of the average prices displayed below.

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Cost of Living for Students in Hong Kong

Hong Kong is a desirable place to study in a higher education institution. There are both public and private universities in Hong Kong, offering a wide range of degrees both in English and Chinese.

Non local students will usually pay for tuition on an yearly basis. Studying in Hong Kong is not necessarily affordable and tuition fees can cost from USD 11000 to 34000, depending on the field of study and the program selected.

Here are some of the main higher education institutions in Hong Kong:

City University of Hong Kong

University of Hong Kong

The Hong Kong Polytechnic University

Getting a Job in Hong Kong

Hong Kong is a highly desirable place to get a job. Firstly, many important companies in the finance, shipping and ecommerce have either headquarters or offices in the area. Secondly, Hong Kong has some of the highest salaries in Asia. There are many positions, mostly on upper scale in the IT, finance or marketing in international companies that will not require you to speak Cantonese or Chinese to get a job.

The Special Administrative Region is also a great place to start a company. Hong Kong based companies do not pay taxes on income earned outside of Hong Kong, which makes it a highly attractive place for ecommerce and internet marketing companies.

Finally, Hong Kong is also attracting a number of low skilled workers for the past decades. These include jobs mostly positions which do not require language skills are often filled by Asian workers from countries in Southeast Asia.

Here are some websites for job hunting in Hong Kong:

jobsDB

Monster Hong Kong

Asia Hospitality Careers

Quality of Life in Hong Kong

In terms of quality of life, Hong Kong scores high in most aspects, but it also has some disadvantages. The city is extremely safe, and also has one of the best urban transport networks in the world. Hong Kongers are usually polite and helpful towards foreigners. The climate in Hong Kong is usually pleasant year round, however, sometimes Typhoons may hit the region.

hong kong

Hong Kong is an extremely dense in terms of population, which reflects in how problematic the housing situation is. While air pollution is relatively high in Hong Kong, it is low when compared to most cities in Mainland China.

If you are going around Kowloon or the Hong Kong Island, you will have no problems finding English speakers. If you travel to more secluded areas of Hong Kong, it may be possible that the locals who only speak Cantonese. In recent years, the growth of Mandarin in Hong Kong is noticeable.

If you are visiting Hong Kong soon you may want to check some of our other guides to Asia. Check the where to stay in Hong Kong and our article on the best places to stay in Shenzhen. You can also check the our article on how to travel from Hong Kong to Macau and the average and minimum salary in Hong Kong.

Other Resources for Expats and Travelers

Salaries Worldwide: check our articles on wages worldwide and understand better the economics of the countries you may be considering to move or invest.

Retire Abroad: check our retirement guides and maximize your retirement income and quality of life.

Jetradar: compare and find the cheapest air fares worldwide.

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Cheapest Countries to Live in Europe https://checkinprice.com/cheapest-countries-to-live-in-europe/ Sat, 04 Feb 2023 11:16:27 +0000 http://checkinprice.com/?p=2204 Check this list of the cheapest countries to live in Europe if you are looking to relocate and live comfortably with a much lower budget Europe is often associated with high cost of living in countries like Switzerland and Germany. This list of the cheapest countries to live in Europe ... Read more

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Check this list of the cheapest countries to live in Europe if you are looking to relocate and live comfortably with a much lower budget

Europe is often associated with high cost of living in countries like Switzerland and Germany. This list of the cheapest countries to live in Europe is ideal for any one looking for an affordable destination to visit or move permanently.

Cost of Living in Europe: Overview

The European Union has 28 countries, while Europe, as a continent has 50. One may think that they are mostly expensive countries, where expensive rental prices are the norm. However, the reality of European nations is quite different, while some countries are indeed expensive, others are surprisingly affordable.

We consider a number of reasons to determine the cheapest countries to live in Europe, and not all of them are strictly finance related. While some countries in Europe are extremely cheap, their living standards might be not so inviting.

Cost of living, health care, safety and entertainment are some of the key figures to chose the countries in this list. These are not only the cheapest countries to live in Europe, but also the most balanced. You can have an excellent life in any of these countries for a fraction of the costs you would have in the United States and most Western European countries.

The countries below are ideal for retiring, but also if you work remotely. They have optimal conditions for visitors, travelers, expats and retirees.

If you are travelling by bus in Europe, book your tickets using Flixbus and GoEuro. If you are flying, compare and book tickets using Jetradar. For those using the train, buy train tickets on Trainline.

So let’s start with our list of the cheapest countries to live in Europe:

Montenegro

If you are a nature lover, Montenegro is one of the best places to retire in the world. It has an amazing beautiful seaside, but an equally stunning mountainous country side.

kotor-montenegro
Kotor, Montenegro by Louis Englishhmann

Montenegro is currently a very popular European summer destination and is just a 2 hours flight from countries like Germany, Switzerland or Italy. It uses the Euro currency, even if its not part of the European Union.

Even if it has a prime location and stunning views, Montenegro remains rather affordable. The country was part of the former Yugoslavia and still has a lot to develop in terms of infrastructure.

Monthly Budget per Person

From 700 Euros per month, covering rent, food, entertainment and health care. In Montenegro prices tend to get high as close as you get to the sea.

Pros

Montenegro has one of the most beautiful landscapes in the world. People are friendly and the Montenegrin people make an effort to please foreigners, especially tourists during the summer season.

The countryside of Montenegro remains relatively untouched. One can certainly find real estate bargains if staying next to the sea is not a priority. Finally, since they use the Euro as their only currency, its easier to avoid monetary confusion when changing money.

Cons

The infrastructure of Montenegro is far from ideal. This can be explained by two isolated facts. The first is that Montenegro has one of the lowest populations in Europe, with less than one million inhabitants. Therefore you may not find all kinds of services and products you are used to back home.

Since the country is pretty alpine, building roads and railways in the country is pretty expensive and difficult. The availability of flights to Montenegro still has a lot of room for expansion.

Bulgaria

Just like Montenegro, Bulgaria is a perfect combination of an alluring seaside and beautiful mountains in the country side. Bulgaria is a full member of the European Union, and has improved a lot in recent years.

Bulgaria Sofia Autumn

Sofia Autumn by Ivo Ivov / FlickrBulgaria is very inviting in both summer and winter. During summer, you can enjoy the light waves of the Black Sea on the Bulgarian coast. Winter in Bulgaria can be a great adventure if you like skiing, and their resorts are really a pleasant surprise, both in terms of quality and price.

Monthly Budget per Person

The monthly budget per person in Bulgaria will vary considerably, depending where you want to stay. Sofia, the capital, tends to have the priciest real estate, but they are still inexpensive compared to Western European standards. In the countryside you can find real bargains, especially if you are looking for a house or a small farm.

The monthly budget in Bulgaria starts from as low as 600 Euros per month per person.

Pros

If you are an EU citizen, Bulgaria is an excellent choice. There is very little bureaucracy involved with registering your stay in Bulgaria. Since Bulgaria is still not in the Schengen area, the country is not a target destination for migrants, which makes it easier to stay in the country legally if you are not in the EU.

Cons

Bulgaria still has a lot to develop in terms of infrastructure, standards of living and corruption. Currently Bulgaria is the poorest European Union Member.

Romania

Romania is another underrated country in Eastern Europe that offers great opportunities for expats. The country has a delicious gastronomy, a pretty affordable cost of living, and an unmatched natural beauty.

sibiu romania
Sibiu, Romania. Photo by Fjmc65

This Eastern European country also has cities for all tastes. Bucharest, its capital, its a cosmopolitan city with European standards, but you may prefer Constanta on the seaside. If you like mountains and nature, Brasov or Sibiu are excellent options in the iconic Transylvania region.

Monthly Budget per Person

The budget for a single person in Romania starts from 600 euro to cover all of his expenses. This however depends heavily on where you will live and the city of your choice. Bucharest, the capital, is the most expensive one. The areas in the north of the country are notably beautiful and cheap.

Pros

Romania has many pros and few cons, so let’s start naming them. Romania is a full member of the European Union, but doesn’t use the Euro currency. This maintains the cost of living quite affordable. Romania is full of natural beauty and different landscapes. It has plains to the east, the Carpathian Mountains and the Black sea.

It is also pretty easy to get a residence permit in Romania, even if you are not an EU citizen.

Cons

Romania has a few cons. One of them is its level of corruption, considerably above the standards of EU. Depending on the location you will pick in Romania, there are not many direct flights available. However the railway network of Romania is pretty good.

Hungary

Hungary is certainly one of the best countries to live in Europe. Even if it wouldn’t be quite cheap to live in Hungary, I would still consider it as one of the best countries to live in Europe.

Budapest Danube
Budapest Danube by Marcell Katona / flickr

From a prime location in Central Europe, to a great history and delicious food, Hungary has it all. Hungary is also extremely affordable, especially if you are planning to live outside the country’s capital, Budapest.

Monthly Budget per Person

The monthly budget per person in Budapest starts from 900 euros per month to cover all expenses. Real estate prices are picking up in the central districts of Budapest, and a budget of 1400 euros is enough to live in one of these areas.

Pros

Hungary enjoy a very central location in Europe. Just a few hours drive, you can enjoy the Adriatic Sea, while Austria is just on the west border.

The countryside of Hungary is famous for its vineyards and its extremely affordable. Cities like Pecs and Szeged are well structure and extremely cheap. In Budapest it is still possible to live on the cheap, but prices rose in the capital in the past years.

Cons

Unlike virtually all countries in the European Union, Hungarians speak a non Indo-European language. In other words, it will probably take longer to get a good level of the local language than anywhere else in Europe (together with Estonian and Finnish).

Portugal

Portugal is probably the most expensive country in the list of the cheapest countries to live in Europe. However, there are a number of factors that contribute to Portugal’s good and affordable reputation.

cheapest countries to live in europe

The country is famous for its unique seaside on the Atlantic ocean, delicious seafood and a relaxed atmosphere. Lisbon and Porto are quite expensive in terms of real estate, but other cities offer great opportunities to live nicely on the cheap.

Monthly Budget per Person

Portugal is by far the cheapest country in Western Europe, therefore I believe it deserves  place in the list of the cheapest countries to live in Europe. The budget varies a lot if you compare Lisbon or Porto to everywhere else. If you don’t opt for these two major cities, you can easily live under 1200 euros per month.

Pros

One of the best climates in Europe. Portugal is located in the South of Europe, so it is usually warmer than the rest of the continent. However, during summer, the ocean helps to control the temperature, making the heat not so strong as in inner parts of Europe.

Cons

Portugal is definitely not the cheapest country in this list. In recent years Portugal is gaining popularity fast, as its safe and an amazing place to visit or retire. Therefore, prices are going up especially in more well known cities and towns.

Czech Republic

Czech Republic is another European country that is doesn’t seem as an evident cheap option to live in Europe. However, if you travel away from Prague, the country offers excellent real estate bargains and pretty low cost of living.

There are many picturesque towns in Czech Republic, both in Bohemia but also in the Moravian region. You can get great real estate bargains on the country side, as foreigners and Czechs prefer to move to Prague.

Monthly Budget per Person

The monthly budget per person in the Czech Republic is among the highest in the list of the cheapest countries to live in Europe. With around 950 euros per month you will be able to cover all of your basic costs in the country.

Pros

Czech Republic is literally in the middle of Europe. Trains from Berlin to Vienna or Budapest cross through Czech Republic. The standards of living in the Czech Republic is comparable to those of Germany, for half of the price.

It is also a great place for beer lovers, night life, and outdoor activities.

Cons

Prague is definitely a city to be avoided if you want to save money. Real estate prices are quite high, comparable to those in Western Europe. If you want to enjoy a cheap lifestyle in the Czech Republic, you will have to consider smaller cities or towns.

Georgia

Georgia is a hidden gem that some people may not have heard of. The country, in the Caucasus region of Europe, offers stunning landscapes, rich culture and a very affordable living.

tbilisi cheapest countries to live in Europe
Tbilisi, Georgia. Photo by Lily A

Monthly Budget per Person

From 600 dollars per month you can already live in Georgia. However, anything above 1000 dollars in Georgia will grant you a great lifestyle. The average net monthly salary in Tbilisi, the country’s capital, is of just 300 dollars.

Pros

If you are not an EU citizen and you want to relocate to Europe, Georgia is a good option. Apart from its very low overall cost of living, the country has one of the most relaxed residence permit policy in Europe. With a very low investment and a company formation, you will be able to become a full time resident of Georgia.

Cons

If you look on the map you will see that Georgia is relatively far to the center of Europe. However, many European low cost carriers are increasing its operations to the country.

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Cost of Living in Bogotá, Colombia https://checkinprice.com/cost-of-living-in-bogota-colombia/ Sat, 04 Feb 2023 07:32:03 +0000 https://checkinprice.com/?p=9231 Cost of living in Bogotá, Colombia: let’s analyze costs of food, real estate, entertainment, and transport in Bogotá, the capital of Colombia. Are you considering moving to Bogotá for your career or to start a business? Check below the data for the cost of living in Bogotá, Colombia, which is ... Read more

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Cost of living in Bogotá, Colombia: let’s analyze costs of food, real estate, entertainment, and transport in Bogotá, the capital of Colombia.

Are you considering moving to Bogotá for your career or to start a business? Check below the data for the cost of living in Bogotá, Colombia, which is a major South American city hub for commercial, financial, historical, and tourism businesses.

cost of living in bogota colombia

Bogota Overview

Bogotá is the capital of Colombia, and like many capital cities in the world, it is also the most populated city in the country. Originally, Bogotá was founded by Spanish conquistador Gonzalo Jiménez de Quesada as the capital of the New Kingdom of Granada. But since the independence from the Spanish Empire, Bogotá has stayed the capital. For Colombia, Bogotá is central to the political, economic, administrative, and industrial businesses of the country.

Located in the center of Colombia, Bogotá rests on a high plateau called the Bogotá savanna. This unique location also charts Bogotá as the third-highest capital city in South America, where it rests at 8,660 feet above sea level. With this unique title of elevation, Bogotá is beautifully sprawled amongst the hills. With vast greenery and modern high rises, Bogotá has a picture-perfect landscape that harmonizes urban life with nature.

For expats, Bogotá is a popular choice to relocate because it is lively, unique, and stunning in its landscape, culture, and lifestyle. The endless hills of the city offer beautiful homes where there is lucrative work, an exciting social scene, and a fascinating history. Bogotá is a central hub with a thriving urban center that has representation from a variety of countries.

Historically, Bogotá has been ingrained in the arts. With 58 museums and over 70 art galleries, the city offers a gold mine of historical and modern art. The Colombian National Museum is a popular tourist destination with archives of art, history, archeology, and ethnography. But perhaps, Bogotá is most famous for its slogan, “Colombia is magic realism.” With the infamous national writer, Gabriel García Márquez and depictions in both film and television, Bogotá effortlessly draws in the crowds.

Cost of Living in Bogotá, Colombia

Many big businesses, both national and international, are located in Bogotá. The capital is a central hub for business negotiations, both large and small. Spanish is the official language spoken throughout the city. But with its international relations, there are many opportunities for other languages to be spoken as well.

Bogotá is a moderately expensive city to live in, with the average monthly cost for a single person being about $500 USD. When compared to America, Bogotá is very affordable. The most substantial portion of your monthly budget will go towards rent. A one-bedroom apartment in the city center will cost about $375 USD per month with a three-bedroom in the city center reaching about $670 USD per month. Most apartments do not include utilities, so you will have to add basic utilities and internet to your monthly budget. Electricity and water have an average monthly cost of $80 USD, and the internet is about $34 USD per month.

If you are looking to own instead of rent, you’ll have to adjust your budget accordingly. Apartments in Bogotá have an extensive range of prices with the least expensive options resting at about $150,000 USD. However, if you want a well-built luxury apartment, you could spend up to $526,000 USD.

The currency in the Colombia is the Colombian peso. The conversion rate to the COP is 1 dollar to 4,404.06 COP as of November 22, 2024.

If you want to suggest your own values based on your experiences in this city, click on edit and insert the values. Upon moderation they will be calculated to make part of the average prices displayed below.

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Cost of Living for Students in Bogotá, Colombia

For students looking to get a good education, Bogotá is an excellent choice in location. The city has a selection of top rated universities that have high standards of education. With both public and private institutions, students can choose what suits them. Some options for student housing are associated with the university and located on campus. Other housing options would be independent and located off-campus.

The cost of living is moderately expensive, but with the availability of jobs, students can keep the monthly costs manageable. As well, many universities offer scholarship programs to help reduce the cost of tuition. When compared to the United States, tuition in Bogotá is very affordable. The average year can range in price from $6,000-$14,000 USD.

The universities primary language is Spanish, but many programs have courses available in foreign languages. Most of the higher education institutions will ask for proof of your language proficiency and may request that you complete a test.

Here are some main higher education institutions in Bogotá:

National University of Colombia

Universidad de Los Andes Colombia

Universidad Externado de Colombia

Getting a Job in Bogotá

With all of the businesses, large and small, focusing their offices in Bogotá, there are plenty of job opportunities. From big corporations to small businesses, there should be a position suited for everyone. Additionally, the tourism industry is a large part of Bogotá’ and Colombia’s economy, with an average of 2 million visitors per year.

While there are plenty of open positions, you should keep in mind that the competition is intense. For the best positions, you will want to display a complete resume with any relevant experience to make your application stand out. But the average salary is relatively low in relation to the cost of living. Most people earn, on average, $310 USD monthly. To afford your lifestyle, you may have to look at multiple jobs or higher positions.

The primary language spoken in Bogotá is Spanish, which will be essential to living and working in the city. However, with enormous influence from businesses and tourism, there are many opportunities where speaking a foreign language can make your application stand out.

If you are a citizen of Colombia, you can begin applying for jobs in Bogotá immediately. There is no need to wait for paperwork or visas to be pre-approved. If you are moving to Bogotá from a location abroad, you will need to be pre-approved to work. Most people seek a work or residence visa, which is a lengthy process, so you should plan accordingly.

Here are some websites for job hunting in Bogotá:

Glassdoor Bogotá

Career Arc

Jobs in Bogota

Quality of Life in Bogotá

With a good job, it is safe to say that Bogotá has a comfortable quality of life. The city is spread amongst a jungle landscape and features unique buildings for a scattered skyline. There are many different unique neighborhoods to explore, and the influence of Bogotá in art is world-renowned. A bustling nightlife keeps the inhabitants energized and leisurely days help people relax. With endless entertainment, Bogotá is a thrilling destination.

bogota colombia

From a worrying past, Bogotá is now considered to be a safe city. Long gone are the days of conflict, and tourists can comfortably explore the city streets. But petty crime is still prevalent, so you should still be cautious. It is best to keep an eye on your belongings. As well, you should always be aware of your surroundings when you are out and about. Like many cities in the world, some locations are less safe than others. Bogotá’s outskirts are more dangerous, and the neighborhoods Kennedy, Ciudad Bolívar, Usme, San Cristóbal, and Bosa should be avoided.

The climate in Bogotá is quite mild. There are warm summer and mild winters with the average temperature resting at 58 F. May is the warmest month with temperatures reaching into the 70s. Between December and February, temperatures will drop their lowest. While you won’t experience insane amounts of snow, you do still need a full four-season wardrobe ready for this idyllic city.

If you are visiting South America soon you may want to check some of our other regional guides. Check the where to stay in Lima and our article on the where to stay in La Paz.

Other Resources for Expats and Travelers

Salaries Worldwide: check our articles on wages worldwide and understand better the economics of the countries you may be considering to move or invest.

Retire Abroad: check our retirement guides and maximize your retirement income and quality of life.

Jetradar: compare and find the cheapest air fares worldwide.

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