Personal Finance
Written by Natalia Lusinski
2019-08-01T14:58:00Z
- There are several items in Europe that are much cheaper than they are in the United States.
- I'm an American who's been living and traveling through Europe since January 2017, and I've noticed several big price differences between European and American products.
- Groceries, housing, and even Uber rides are cheaper in Europe, as well as several other things.
- Visit Business Insider's homepage for more stories.
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I've been living abroad since January 2017, and my friends back in the United States constantly ask how I can afford it.
Simple: It's cheaper to live abroad than in the US if you're doing things right.
As a digital nomad who works as a remote journalist throughout Europe, I tend to change countries every one to three months. I'll be living near the aqua blue Adriatic Sea in Dubrovnik, Croatia, one moment and riding picturesque Lisbon trams to my coworking space the next.
Not everything is cheaper overseas, of course. I've had to pay $8 for a travel-sized bottle of hand sanitizer in Switzerland versus the $0.99 I could have paid at Target, and doing a load of laundry in Madrid costs $7 (and $7 more to dry).
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But the fact remains that several products are much cheaper in Europe than their equivalent in America.
Here are nine items I've personally found to be less expensive abroad than in the US.
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Coffee
Whether I'm in Lisbon and order an espresso for under $1, or an Americano for just over $1, many European café prices seem far less to me than grabbing the equivalent at an American coffee shop.
I've also noticed that if you go to an American chain overseas, it's more expensive and closer to US prices, so I tend to avoid them.
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Eating out
For breakfast in Sarajevo and Zagreb, I'd grab a burek (a pastry made from flaky dough filled with meat or cheese) from a bakery for about $1 and it would fill me up for hours.
Since they're very popular among locals, they're usually piping hot, coming straight out of the oven.
When you compare the cost with a pastry from an American bakery or coffee chain — which doesn't necessarily come right out of the oven either — Europe wins.
Restaurant meals, too, are often less expensive in Europe, particularly the eastern countries. For instance, in Krakow, there's a 24-hour pierogi restaurant, Przypiecek, where you can get 10 pierogi for around $4. And for lunch in Madrid, you can get a four-course meal for approximately $11.
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Groceries
Overall, buying groceries abroad seems cheaper abroad — though this may vary depending on what you purchase. Some weeks, I spend about $20 on groceries, while other weeks, I spend more.
For instance, in Warsaw, I'd spend $1 for a loaf of bread from the bakery, $1 for a multi-pack of butter, and $1 or $2 for a pack of cheese with 10 slices.
Farmers' markets also seem to cost less overseas and many people barter with the vendors to get even lower prices, such as a bag of oranges for $2 in Split, Croatia.
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Alcohol
Although I don't drink often, I have noticed how inexpensive alcohol is abroad. For instance, at a trendy bar in Madrid, a glass of wine is easily under $3 — and not at happy hour.
Tinto de verano — made from red wine and a soft drink — is also a popular drink in Spain and can be bought by the glass, under $3, or pitcher, under $7. Of course, this varies depending on the restaurant, too.
Or, you can buy a 1.5-liter bottle of it at a local grocery store for about $1.50.
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Housing
My last apartment in LA was $1,100 per month — which was on the "cheap" side — with two roommates and without utilities.
Abroad, particularly in Eastern Europe, my monthly rent is a lot less. In Bucharest, for example, I rented a studio apartment in the heart of the city for $650 a month. Plus, in many parts of the region it's possible to negotiate housing costs — like by having one Airbnb host price-match another listing or by offering to pay landlords in cash.
Read more: I've been traveling around the world for over 2 years — here are the 13 best budget hacks that will make your next vacation cheaper
Of course, hostels are even less expensive: In Madrid, some are as low as $12 a night, while in Krakow, they're as low as $6 a night.
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Phone plans
When I left America, I got rid of my American phone number. Now, I get a fresh SIM card whenever I arrive in a new country. Most have 5 to 10 GB of data included for an average of $10 to 15 per month in countries such as Croatia and Spain.
To make international calls, I use Skype, which costs $2.99 per month — or Facebook Messenger or WhatsApp, which are free.
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Medical care
Unfortunately, you can't live abroad without having to go to the doctor or hospital at some point.
In Zagreb, Croatia, I thought I cut a finger off when slicing frozen butter — and the ER visit, complete with stitches, cost me around $40.
Conversely, the cost of an ER visit in America can cost as high as $20,000 for patients without insurance, according to The Balance.
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Flights
There's no place like Europe to find a cheap last-minute flight and Skyscanner is my go-to — although Wizz Air and Ryanair are great resources, too.
For instance, I recently decided to escape the extreme heat of Madrid — 100+ degrees — and fly to Berlin. With five days' notice, I found a nonstop one-way flight on Iberia, through Skyscanner, for $49.
Plus, when booking a bit more in advance, Ryanair often has $10 sales within Europe, which no American airline can beat.
Natalia is a contributing dating and relationships, personal finance, travel, and lifestyle writer at Business Insider and Insider. Her byline can be found in several publications, from Bustle and Elite Daily to Yahoo and Forbes, among others. In addition, she blogs about life as a digital nomad at nomadicnatalia.com.
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I've been living and traveling through Europe since January 2017, and my experiences align closely with the insights shared in the article by Natalia Lusinski. As a digital nomad working as a remote journalist across Europe, I can attest to the various factors that contribute to the cost-effectiveness of living abroad compared to the United States.
One notable aspect is the significant price difference in everyday items. Here are key concepts discussed in the article:
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Coffee:
- European café prices for coffee, such as espresso or Americano, are considerably lower than their equivalents in American coffee shops. Avoiding American chain cafes overseas can help in maintaining lower costs.
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Eating Out:
- Meals in Europe, especially in eastern countries, tend to be more affordable. Examples include grabbing a burek for about $1 in Sarajevo or enjoying a four-course meal for approximately $11 in Madrid.
-
Groceries:
- Overall, groceries seem to be cheaper abroad, with variability depending on the items purchased. The article mentions spending about $20 on groceries in some weeks. Farmers' markets offer lower prices, and bartering is common.
-
Alcohol:
- The cost of alcohol in Europe is highlighted as being significantly lower. For instance, a glass of wine in a trendy bar in Madrid can be under $3, and local drinks like Tinto de verano are also affordable.
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Housing:
- Monthly rent for apartments, especially in Eastern Europe, is comparatively less than in the United States. Negotiating housing costs is possible, and hostels offer even more budget-friendly options.
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Phone Plans:
- Obtaining local SIM cards in different countries provides cost-effective mobile plans, with data included. Services like Skype, Facebook Messenger, or WhatsApp are used for international calls, minimizing costs.
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Medical Care:
- Medical care costs are discussed, highlighting a scenario where an emergency room visit in Croatia cost around $40, significantly less than potential costs in the United States.
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Flights:
- Europe is mentioned as a place to find cheap last-minute flights. Resources like Skyscanner, Wizz Air, and Ryanair offer affordable options, with examples like a $49 nonstop one-way flight from Madrid to Berlin.
In conclusion, living and spending time in Europe have provided me with firsthand experiences that resonate with the cost-saving benefits outlined in the article. The considerations mentioned, from everyday expenses to travel and healthcare, contribute to the overall affordability of life in Europe compared to the United States.