Can a Retired Person Live on 700 Euros per Month in Plovdiv, Bulgaria?

Living on 700 euros per month in Plovdiv, Bulgaria can be challenging but feasible with careful budget management and mindful lifestyle choices. This article delves into the different aspects of cost of living, providing a comprehensive guide for retirees considering this vibrant European city as a retirement destination.

Cost of Living in Plovdiv

Whether you want a vibrant city life or peaceful suburban living, Plovdiv offers a diverse range of accommodations and lifestyle options. The cost of living in Plovdiv varies based on location, and this article will help you understand the expenses associated with different aspects of life in the city.

Rental Costs

Housing: Rent for a one-bedroom apartment in the city center can range from 250 to 400 euros per month, whereas outside the center it may be around 200 to 300 euros.

Utilities

Utilities: Basic utilities such as electricity, heating, cooling, water, and garbage collection may cost between 100 to 150 euros per month. These expenses can largely depend on the type of heating system and energy consumption habits.

Groceries

Groceries: Monthly grocery costs for one person can range from 150 to 250 euros, depending on dietary preferences. A well-balanced meal at an inexpensive restaurant might cost around 10 euros, providing a range of delicious and affordable dining options.

Transportation

Public Transportation: Public transportation in Plovdiv is affordable, with a monthly pass typically around 30 euros. If you own a car, consider the additional expenses of fuel, maintenance, and parking.

Healthcare

Healthcare: Bulgaria features a public healthcare system, but private insurance or out-of-pocket expenses may be necessary, especially if you prefer private care.

Leisure and Miscellaneous

Income and Expenses: Potential income from pensions or other sources should cover personal savings, dining out, entertainment, and other miscellaneous expenses. The total expenses can range from 0 to 50 euros per month, depending on your lifestyle and preferences.

Budget Breakdown

Here's a sample budget breakdown to give you an idea of how 700 euros might be spent each month:

Expense Cost (Euros) Rent 300 euros Utilities 120 euros Groceries 200 euros Transportation 30 euros Healthcare 50 euros Miscellaneous 0 to 50 euros Total 700 euros

While this budget is tight, careful planning and budgeting can allow you to maintain a modest yet comfortable lifestyle in Plovdiv.

Conclusion

While it is indeed possible to live on 700 euros per month in Plovdiv, it would require meticulous budgeting and could limit your lifestyle choices. Costs can vary significantly based on personal circumstances. It is advisable to have a clear plan and consider potential emergencies or unexpected expenses.

For further insight, I have observed that people from British expats in Varna with a similar pension amount lived a relaxed life, indicating it is feasible. It's also important to note that Bulgaria might join the Eurozone in the future, which could affect the price relations and make the city less affordable.

Bulgaria remains an excellent option if you wish to stretch your pension while staying in the EU. Plovdiv, Sofia, Varna, and Burgas are the most attractive areas for foreigners planning to settle down. You can also use this model to compare your city's cost of living with Plovdiv by plugging in your city's data and comparing the costs.