Choosing the best country in Europe to live in is no easy task, as there are so many different ways to evaluate a country, from its economy to weather and everything in between. But let’s be honest, most people’s number one criteria when moving abroad is the cost. However, the countries that usually dominate the livability rankings year after year tend to be a combination of the same expensive countries, like Switzerland, Norway, or Austria.
For most people who are looking to move to Europe, the cost of living is as important, if not more important than the quality of life. Switzerland may be wonderful, but the problem is that the average expat can’t afford to live in Switzerland.
In fact, Switzerland is the worst country to live in if you’re on a budget. Consider that the cost of living in Zurich, Switzerland is about 24% higher than New York City, according to Numbeo. So, if you can’t afford New York, you won’t be able to afford life in Switzerland either, no matter how wonderful of a country it is.
So what European country should you choose to move to if you’re budget-conscious?
My Dolce Casa‘s research team identified the perfect spots in Europe that offer a combination of great quality of life and a reasonable cost of living. Based on this criteria, Spain came on top as the best country in Europe in 2023, followed by The Netherlands and Portugal in second and third place.
We ranked the countries based on a formula that takes into account the lowest cost of living and the highest quality of life, using the latest Numbeo data.
Here are 2023’s best countries in Europe to live in:
- Spain
- Netherlands
- Portugal
- Luxembourg
- Estonia
- Slovenia
- Croatia
- Lithuania
- Finland
- Sweden
1. Spain
Spain is the best country in Europe to live in, striking the ideal balance, with a moderate cost of living score of 50 and a high quality of life score of 178. One of of the most desirable places to live in the world, Spain has many expat-friendly Spanish cities and towns with reasonable real estate prices.
Living in Spain means lots of sunshine year round, beautiful sandy beaches, stunning mountains and a tradition-filled countryside, not to mention the amazing Spanish cuisine. The nation’s blend of tradition and modernity, along with a strong sense of community, make it an enticing choice for those seeking a balanced and vibrant life in Europe.
2. Netherlands
Netherlands is the second best country in Europe to live in, thanks to the highest quality of life score (200) and a somewhat moderate cost of living score (68). It has beautiful cosmopolitan cities, a strong economy and it was named the safest country in the world in 2023.
The Dutch are known for their progressive policies, including a strong commitment to sustainability and cycling-friendly cities. The country’s cultural diversity, vibrant art scenes, and rich history contribute to a dynamic and open society. For these reasons and many more, the Netherlands is well deserving of the third spot in the ranking.
3. Portugal
Portugal has risen in popularity dramatically in recent years and it’s easy to see why. A low cost of living score of 46 and an above average quality of life score of 167 makes Portugal one of the best countries in Europe to live in. Foreigners who choose to move to Portugal cite safety, weather, natural beauty and amazing culture as the top reasons for choosing Portugal for their home abroad.
Although real estate prices in Portugal have been appreciating at fast pace in recently, the country remains relatively affordable compared to most Western European countries. Portugal’s historical significance and friendly locals contribute to its overall appeal as a welcoming and desirable location for individuals from around the world.
4. Luxembourg
Luxembourg is an appealing country to live in due to its high standard of living, safety, economic prosperity, and multilingual society. It boasts a strong economy, low crime rate, and excellent healthcare and education systems.
The nation’s cultural diversity, natural beauty, and central European location add to its allure, providing residents with a high quality of life (score 200) and numerous opportunities for travel and cultural exploration.
While Luxembourg’s cost of living can be relatively high (score 72), the many advantages it offers, such as a stable political environment and strong public services, make it an attractive destination for those seeking a comfortable and prosperous life in Europe.
5. Estonia
Estonia is considered an excellent country to live in for several reasons. It boasts a thriving digital society, with a highly advanced e-governance system that simplifies administrative processes for residents.
The country offers a high standard of living (score 176), with a strong education system, universal healthcare, and a relatively low cost of living (score 56) compared to many Western European nations. Estonia’s breathtaking natural landscapes, including forests and coastline, provide ample opportunities for outdoor activities and a connection to nature.
Additionally, safety, political stability, and commitment to innovation and technology make it an attractive destination for those seeking a modern and comfortable lifestyle in Northern Europe.
6. Slovenia
Slovenia’s spot at the top of the ranking might come as a surprise to some, but those who have visited the country at least once will really understand why this underrated country’s place among the best countries in Europe to live in is well deserved.
This small European nation boasts stunning landscapes, including the picturesque Lake Bled and the Julian Alps, making it ideal for family vacations and nature enthusiasts. Its central location in Europe allows for easy travel to neighboring countries. Stunning natural beauty, breathtaking mountains, world class infrastructure and safety are just a few of the reasons to choose Slovenia.
7. Croatia
Croatia is no longer the undiscovered European gem it used to be. Coming in seventh place as one of the best countries in Europe to live in, Croatia is a small but stunning country spreading along the Adriatic Sea coast, boasting one gorgeous seaside town after another, clear blue seas and great weather.
Croatia earned its spot in the ranking thanks to a low cost of living score of 47 and a well above average quality of life score of 163, thus offering a great lifestyle at a very reasonable price.
8. Lithuania
Lithuania offers a relatively high quality of life (score 160), with a strong emphasis on education and healthcare, making it an excellent place to raise a family. The cost of living in Lithuania is affordable (score 50) compared to many European countries, allowing residents to enjoy a comfortable lifestyle.
The country’s rich cultural heritage, historic cities like Vilnius, and picturesque countryside support cultural enrichment and invite to practice outdoor activities. Additionally, Lithuania’s safety, political stability, and well-developed infrastructure contribute to its appeal as a welcoming and prosperous nation in the Baltic region.
9. Finland
Finland consistently ranks among the top countries for quality of life (score 188), with an emphasis on excellent healthcare, education, and social welfare systems. Finland’s natural beauty, including pristine forests, thousands of lakes, and the enchanting Northern Lights, offers extraordinary opportunites for outdoor activities and a close connection to nature.
The nation’s strong commitment to safety, political stability, and a robust economy further enhance its appeal. Moreover, Finland’s unique culture, known for its design, education, and innovation, fosters an environment that promotes creativity and well-being, making it a preferred choice for those seeking an exceptional and balanced lifestyle in Europe, at a reasonable cost (score 69).
10. Sweden
Sweden’s attractiveness as a place to live stems from its exceptional quality of life (score 175), characterized by a robust healthcare system, top-tier education, and comprehensive social services. The nation’s reputation for safety, political stability, and a strong commitment to human rights fosters a secure and inclusive environment.
Sweden’s modern cities, such as Stockholm, combine historic charm with innovation, providing residents with a high standard of living and a thriving cultural scene. Sweden’s progressive policies, including sustainability initiatives and gender equality efforts, make it a forward-thinking and inviting destination in Europe. The cost of living in Sweden scored a moderate 61.
Check out the complete list below to see how other countries in Europe scored in terms of affordability and quality of life.
