Picking the best country in Europe to live in isn’t always easy because you have to weigh up a lot of things, from how strong the economy is to what the weather’s like, and many other factors that can impact your quality of life. But let’s keep it real, for most people thinking about moving abroad, it all comes down to how much it’s going to cost. Yet, when you look at the lists of the best places to live that are published every year, it’s usually the same pricey countries at the top, like Switzerland, Norway, or Austria, where many people can’t afford to live.
For a lot of us eyeing a move to Europe, how much money we’ll need to get by is just as crucial, if not more, than how nice the place is. Many Americans are looking to move abroad in search of a more affordable way of life. Sure, we all want the highest quality of life possible, but we also have to be budget-conscious.
So, if you’re looking for a nice but affordable place to live, what’s a good European country to consider moving to?
My Dolce Casa’s research team analyzed the most recent quality of life and cost of living data, applying a formula that identifies the countries that strike the best quality-price balance. Based on this analysis, in 2024 Luxembourg tops the ranking as the best country to live in Europe, dethroning Spain, who topped the list last year. Netherlands is the third best country to live in 2024, dropping one spot since last year.
The countries are ranked using a methodology that accounts for the lowest cost of living and the highest quality of life, using the latest quality of life index from Numbeo.
These are 2024’s best countries in Europe to live in:
1 Luxembourg
2 Spain
3 Netherlands
4 Estonia
5 Slovenia
6 Portugal
7 Croatia
8 Lithuania
9 Czech Republic
10 Finland
1. Luxembourg
Luxembourg sits at the top spot this year, with a cost of living score of 65 and a stellar quality of life score of 207. Known for its robust economy and high standard of living, the small country of Luxembourg offers residents a unique blend of French and German cultures, comprehensive healthcare, and a picturesque landscape, albeit with a higher price tag compared to its European neighbors.
Its capital, Luxembourg City, is a UNESCO World Heritage site, offering a charming old town with cobblestone streets and grand ducal palaces, wrapped in contemporary luxury.
2. Spain
Spain holds second place with a low cost of living score of 48 and a great quality of life score of 177. This sun-soaked country is renowned for its relaxed Mediterranean lifestyle, diverse culture from north to south, and one of the most appreciated cuisines in the world. With affordable housing and healthcare, Spain offers a balanced life in either in its vibrant large cities, incredibly beautiful small towns, or on its spectacular coastline.
Madrid, its capital, is a bustling metropolis known for its thriving business landscape, arts and cultural events, vibrant nightlife, and the regal splendor of buildings such as The Royal Palace.
3. The Netherlands
The Netherlands ranks third with a cost of living score of 64 and an excellent quality of life score of 199. It’s a country that boasts an eco-friendly culture, excellent public healthcare, and a strong social welfare system. However, its cost of living can be on the higher side, particularly in bustling urban centers like Amsterdam.
4. Estonia
Lesser-known Estonia comes in fourth with a low cost of living score of 53 and a very good quality of life score of 180. It’s a digital society with free public transportation in the capital, Tallinn, and a reputation for being one of the greenest countries in the world, offering a blend of modern conveniences and natural beauty.
5. Slovenia
Slovenia takes the fifth place, climbing one spot since last year, with an affordable cost of living score of 49 and a quality of life score of 173. Slovenia is often praised for its spectacular nature, with a significant portion of its territory protected.
It’s an affordable European gem with a high quality of life, boasting excellent healthcare, great infrastructure and a rich cultural scene in its capital city, Ljubljana.
6. Portugal
Portugal is sixth this year, dropping from the third spot last year, with a low cost of living score of 47 and a good quality of life score of 164. Portugal is famous for its warm climate, gorgeous coastal towns, and friendly locals. Its lower cost of living does not come at the expense of quality, with good healthcare and a relaxed pace of life.
The largest cities of Portugal, like Lisbon and Porto, offer a high quality of life with modern amenities and a cosmopolitan vibe that’s attractive to expats, while maintaining better affordability than other similarly-sized European cities.
7. Croatia
Croatia is ranked seventh this year, with very similar scores to Portugal in both cost of living and quality of life. Croatia offers a stunning coastline, numerous natural parks and historic architecture. It’s a destination that combines affordable living with a Mediterranean lifestyle, complete with good healthcare and a growing economy.
Its capital, Zagreb, is known for its Austro-Hungarian architecture, numerous museums, and a calendar packed with festivals and events, while the Croatian beach towns are incredibly popular during the peak summer season.
8. Lithuania
Lithuania holds the eighth position with a cost of living score as low as 48 and a quality of life score of 165. This Baltic nation is known for its vibrant cities, rich history, and lush forests. The cost of living is budget-friendly, while still offering residents a high quality of life with its beautiful landscapes and modern amenities.
9. The Czech Republic
The Czech Republic comes in ninth, with a cost of living score of 49 and a quality of life score of 164. Known for its majestic castles, world-class beer, and historical towns, the Czech Republic offers an affordable European experience with the charm of old-world Europe and the convenience of a modern lifestyle.
Prague, the capital, often called “The City of a Hundred Spires,” is renowned for its excellent academic reputation and numerous medieval landmarks.
10. Finland
Finland ranks tenth with a cost of living score of 66 and an excellent quality of life score of 190. Renowned for its education system, social security, and natural beauty, the Nordic country provides a peaceful and efficient lifestyle. Though the cost of living is higher, the quality of life is reflected in its excellent public services and high level of safety.
The seaside capital of Helsinki is characterized by a thriving design scene, and unique blend of classical and modern architecture, reflecting the country’s innovative spirit.
Here is the full 2024 ranking and scores for all European countries:
