Bulgaria is a beautiful country located in southeastern Europe known for its stunning natural beauty and rich cultural heritage. In this article, we will provide an overview of the cost of living in Bulgaria, including the local currency, how it compares to the cost of living in the UK and USA, and a breakdown of costs for different categories.
Local Currency in Bulgaria
The official currency in Bulgaria is the Bulgarian lev (BGN). One lev is equal to 100 stotinki. ATMs are widely available throughout the country, and major credit cards are also accepted in many businesses.
Cost of Living in Bulgaria vs UK and USA
The cost of living in Bulgaria is generally lower than that of the UK and the USA. According to Numbeo, a website that provides information on the cost of living in countries around the world, the cost of living in Bulgaria is 53.25% lower than in the UK and 58.13% lower than in the USA. This means that it is generally more affordable to live in Bulgaria than in either of these countries.
Breakdown of Costs in Bulgaria
To provide a more detailed understanding of the cost of living in Bulgaria, we will break down costs for singles, couples, and families of four in the following categories: housing, food, utilities, leisure, transport, clothing, and household goods. All costs are approximate and based on current prices as of 2023.
Housing
The cost of housing in Bulgaria can vary widely depending on the location and size of the property. According to Numbeo, the average monthly rent for a one-bedroom apartment in the city center is BGN 500-700, while a three-bedroom apartment in the same location can cost BGN 1,000-1,500 per month. For those looking to buy property in Bulgaria, the average cost per square meter in the city center is BGN 2,000-2,500.
Food
The cost of food in Bulgaria can vary widely depending on the location and type of food. A loaf of bread costs approximately BGN 1, a liter of milk is around BGN 1.50, and a dozen eggs cost BGN 2-3. A meal for two in a mid-range restaurant can cost between BGN 30 and BGN 50. Grocery prices can be higher in more touristy areas.
Utilities
Utilities such as electricity, water, and gas can be relatively affordable in Bulgaria. The average monthly cost for these services is around BGN 200-300. Internet and mobile phone plans are also relatively affordable, with unlimited internet plans starting at around BGN 20 per month.
Leisure
Bulgaria is known for its stunning natural beauty and vibrant cultural scene. The cost of leisure activities in the country can vary depending on the activity. A visit to a museum or art gallery can cost between BGN 5 and BGN 10, while a day trip to a nearby beach can cost BGN 20-30 per person.
Transport
The cost of transportation in Bulgaria can vary depending on the mode of transportation. A liter of gasoline costs around BGN 2, and a monthly public transportation pass is around BGN 50-60. Taxis are also available, with an initial charge of BGN 0.80 and a cost of around BGN 0.80 per kilometer.
Clothing
The cost of clothing in Bulgaria can vary widely depending on the type of clothing and the location. High-end fashion brands can be relatively expensive, while other clothing items such as t-shirts and shorts can be relatively affordable. It is also worth noting that there are many traditional markets and bazaars throughout the country where shoppers can find bargains. Household Goods
The cost of household goods in Bulgaria can vary depending on the type of goods. Basic furniture such as a bed, table, and chairs can cost around BGN 1,000-1,500, while a refrigerator can cost around BGN 800-1,200. Electronics such as televisions and laptops can also be relatively affordable in Bulgaria.
Forms of Payment in Bulgaria
The most common forms of payment in Bulgaria are cash and credit/debit cards. The Bulgarian lev is widely accepted, and US dollars and Euros are also accepted in some tourist areas. However, it is recommended to carry some local currency as some smaller businesses may not accept foreign currency. ATMs are widely available throughout the country, and currency exchange services are also available.
In conclusion, the cost of living in Bulgaria is generally lower than that of the UK and the USA, making it an attractive option for those looking to live in southeastern Europe. The cost of housing, food, utilities, and transportation can be relatively affordable, while leisure activities and clothing can vary depending on individual preferences. The Bulgarian lev is widely accepted, and cash and credit/debit cards are the most common forms of payment. It is important to keep in mind that the cost of living in Bulgaria can vary depending on individual circumstances and lifestyle choices.