COST OF LIVING IN ROMANIA
COST OF LIVING IN ROMANIA
One of the most affordable places to live in the EU is Romania. Romania’s consumer prices are significantly lower than the average for the EU, and for several commodities, like food, Romania is the Union’s cheapest country to live in.
The statistics authority of Europe, EUROSTAT, reaffirms the figures. The cost of living in Romania is significantly lower than the average for Europe, according to data collected by EUROSTAT over the previous year.
Various goods are inexpensive in Romania, and for certain of them, the nation offers the lowest prices in all of Europe.
FOOD
Romania’s food costs are 34.7% less than the average for the EU. This is the result of the information collected by EUROSTAT.
Given that one of the essential necessities of the populace is food, the price of food is one of the most indicative expenses when it comes to the cost of living.
In terms of food costs, Switzerland is the most costly nation in Europe, while Romania is the least expensive.
COMMUNICATIONS
When it comes to communication costs, Romania is also the least expensive country in Europe. The price of communications has an impact on Romania’s cost of living as well. The cost of communications has a significant impact on the cost of life in a nation with more than 10 million smartphone users and more than 10 million Facebook accounts.
The cost of life decreases as communication costs decline. Generally speaking, Romanian communication costs are 54.1% cheaper than those across the EU.
Housing costs in Romania
When compared to other EU nations, Romania’s housing prices are extremely affordable. Yes, they are more than in Bulgaria, for instance, but Romania is still a fairly inexpensive place to live overall.
The cost of housing in Romania is 57.3% less than the average for the EU. The lowest housing costs in the EU have a significant impact on overall cost of living.
Romania has one of the lowest costs of living in the European Union.
Romania is one of the member nations with the highest cost of living when all other chapters are included. Additionally, Romania is a fantastic country to invest in, particularly currently.
All these factors draw international investment to Romania, an Eastern European nation, as are the salaries, which are also reasonable for foreign investors.
Romania is the top-expected EU member to expand over the next two years, with economic growth predicted to be 6% greater than in 2020. Because of this, based on this scenario, Romania emerges as one of the greatest nations to invest in during this time, and the cost of living undoubtedly adds to the country’s allure.
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