Where to Move in Europe in 2024: Top Countries & Insights from an Expat
With the cost of living on the rise just about everywhere, more people than ever are looking for a new place to call home. Many are seeking a lower cost of living or opportunities not available in their home countries. There will never be one perfect place for everyone, but Europe does offer some interesting options.
Take Portugal, for example. For many years, it was known for its affordability, but recently, the cost of living has been climbing, especially in the main cities. While it’s still cheaper than many places around the world, some prices are starting to match those of traditionally more expensive cities. But Portugal remains attractive for another reason—it has one of the fastest paths to citizenship in the European Union. After about five years of residency, you become eligible for citizenship, which is a big plus for many people.
Now, if Portugal doesn't seem right for you, Belgium might be worth considering. It offers a similar timeline for citizenship, though the cost of living has generally been higher. However, with costs rising in Portugal, Belgium's expenses are becoming more comparable. For those who want a Northern European vibe with a Mediterranean touch, Northern Italy could be an excellent choice. It combines the cosmopolitan life with a rich cultural backdrop.
For retirees or those relying on pensions, it’s important to remember that Portugal and Italy tax these incomes, which is common across Europe. If you’re looking for stable job opportunities and higher incomes, you might want to consider Northern European countries like the Netherlands or Germany. They offer robust job markets, though they come with higher costs of living and different healthcare systems. For instance, in the Netherlands, you need to take out health insurance separately, whereas in Italy, healthcare costs are included in social security and taxes.
Beyond the popular spots like Germany, Italy, and Spain, there are hidden gems like Poland, Czechia, and Hungary. These countries offer unique cultural experiences and a lower cost of living compared to Western Europe. Budapest, for example, almost became my home at one point as I was looking for something entirely different from my previous experiences.
Spain and Greece also stand out due to their tax incentives. Spain, in particular, was a serious consideration for me, partly because I have family there. Although I haven’t settled there, I’ve always enjoyed my visits. Albania and Romania are other intriguing options with low living costs. And if you’re into metal music, Finland—with the highest number of metal bands per capita—might just be the place for you.
In conclusion, exploring various European countries based on personal needs, financial situations, and lifestyle preferences can help find the right fit amidst the rising cost of living globally. Each place offers something unique, and finding the right fit can make all the difference.