The cost of living in Romania is one of the lowest in the European Union. Romania has very low consumer prices as compared to the average in the EU and for some items, such as food, Romania is the cheapest country to live in the Union.
The data is confirmed by EUROSTAT, the European reference for statistics. According to the data gathered by EUROSTAT over the last year, the cost of living in Romania is way below the European average.
Romania has low costs with different items and, for some of them, the country is the cheapest in Europe.
The cost with food in Romania
Food prices in Romania are 34.7% lower than the European Union average. This is the conclusion of the data gathered by EUROSTAT.
The cost of food is one of the most representatives when it comes to the cost of living, as food is one of the basic needs of the citizens.
Romania is the cheapest country in Europe by food prices, while Switzerland is the most expensive country.
The cost with communications in Romania
Romania is also the cheapest country in Europe when it comes to communications prices. The cost of living in Romania is also influenced by the cost of communications. In a country where there are more than 10 million smartphone devices and where there are more than 10 million Facebook accounts, the costs with communications strongly influence the cost of living.
The lower the costs with communication, the lower the costs of living. Basically, in Romania, the communications prices are 54.1% lower than the European Union average.
Housing costs in Romania
The housing costs are very cheap in Romania as compared to the other countries in the European Union. Yes, they are not as low as in Bulgaria, for example, but still, Romania is a very affordable country when it comes to the cost of living.
Housing costs prices in Romania are 57.3% lower than the European Union average. Housing costs are among the lowest in the EU and this influences the cost of living to a large extent.
Cost of living in Romania – among the lowest in the European Union
When compared by all the chapters with the other member states, Romania is one of the most attractive by the cost of living. Not only that, but Romania is also a good country to invest in, especially during this period.
The level of salaries in Romania is also affordable for the foreign investors and all these attract foreign capital to the Eastern European country.
With the economic growth projected to be by 6% higher as compared to 2020, Romania is the top European Union country expected to grow over the next 2 years. This is why, based on this scenario, Romania becomes one of the best countries to invest in during this period, and the cost of living definitely contributes to the attractiveness of the country.