11 Cheapest Countries To Retire In Europe

4. Hungary

Cost of living, per month: $1247.96

Price of fuel, per liter: $1.33

Climate: -3°C to 1°C in January, and 15°C to 26°C in July

Hungary is a Central Europe’s country that is landlocked. The famous Budapest is the capital city, and it is worldly known for its dramatic cityscape, studded with architectural landmarks such as the 19th-century Chain Bridge, the Buda’s medieval Castle Hill, as well as the grand neoclassical buildings along Pest’s Andrássy Avenue. The city is split in two halves by the river Danube, the old city, Buda, and the new city, Pest, which explains the name Budapest.  The country has a rich and long history, and a culture that was influenced by Romans, Slavs, Turks, and Magyars. As far as the quality and costs of life in Hungary are concerned, the average salary is around  $630, while the monthly rent price goes from $287.18 for a single bedroom apartment, to $532.10 for a 3 bedroom apartment. When it comes to food, the Hungarians are known for their sausages and Paprika goulash, while the food in the shops is the cheapest in this part of Europe, and these are the some of the reasons why this country is on our list of the 11 cheapest countries to retire in Europe. Public transport is perfect and exact to the second, as well as quite affordable, with a price for the one way ticket $1.27, and $34.38 for the monthly pass. Climate in Hungary is a typical European continental climate, characterized by warm, dry summers and fairly cold winters.