As of January 2025, Bulgaria offers a relatively affordable cost of living compared to many Western European countries. Here’s a breakdown of the current financial landscape:
Cost of Living:
- Single Individual: Estimated monthly expenses are approximately 2,152 Bulgarian Lev (BGN), excluding rent. Expatistan, cost of living comparisons
- Family of Four: Estimated monthly expenses are around 5,117 BGN, excluding rent. Expatistan, cost of living comparisons
Feasibility of Living on 1,500 Euros per Month:
Converting 1,500 Euros to Bulgarian Lev (BGN) at the current exchange rate provides approximately 2,933 BGN. Given that the estimated monthly expenses for a single person are about 2,152 BGN, living on 1,500 Euros per month is feasible. This budget should cover essential expenses such as housing, food, transportation, and utilities, with some room for discretionary spending.
Average Monthly Salary:
In Bulgaria, the average salary ranges from 840 BGN to 14,700 BGN per month.
Minimum Wage:
As of January 1, 2025, the minimum wage in Bulgaria has been set at 1,077 BGN per month.
Our thoughts:
With a monthly income of 1,500 Euros (approximately 2,933 BGN), you can comfortably cover the average living expenses for a single person in Bulgaria. This budget allows for a reasonable standard of living, including housing, food, transportation, and other necessities.