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A fantastic lifestyle on a budget: Best places to live in Europe 2023

The Hague The Netherlands

Selecting the ideal European city to settle in is undoubtedly a complex undertaking. For those contemplating a move to Europe, the cost of living is a paramount concern, ranking alongside the overall quality of life. Though places offering a high standard of living may seem enticing, they often prove unaffordable for the average expatriate.

So how do you find the right place to live in Europe when you’re on a budget without sacrificing the quality of life?

The research team at My Dolce Casa identified the hidden European gems that offer the ideal blend of a high quality of life and reasonable expenses. Based on our criteria, The city of Hague in the Netherlands emerged as the premier choice for the best city to live in Europe in 2023, closely followed by Valencia in Spain and Porto in Portugal in second and third place, respectively.

Cities from The Netherlands claim 3 spots in the top 10, while Spanish cities take up 2 spots. Two underrated gems made it to the top 10 as well: Timisoara in Romania and Tallinn in Estonia.

Our ranking methodology factored in EU and UK cities’ cost of living, ensuring a budget-friendly approach, while simultaneously acknowledging the excellent quality of life, all based on the most recent data from Numbeo.

Here are the top 10 best places to live in Europe in 2023:

  1. The Hague, Netherlands
  2. Valencia, Spain
  3. Porto, Portugal
  4. Madrid, Spain
  5. Rotterdam, Netherlands
  6. Vienna, Austria
  7. Timisoara, Romania
  8. Luxembourg, Luxembourg
  9. Amsterdam, Netherlands
  10. Tallinn, Estonia

1. The Hague, Netherlands

The Hague The Netherlands

With its blend of old history and modern diversity, The Hague stands as the best place to live in Europe. Moreover, The Netherlands was recently ranked as the safest country in the world to travel to. Its capital effortlessly marries a moderate cost of living, scoring 62, with a very high quality of life, scoring 216 in this area. Expats who chose The Hague as their home away from home will enjoy a top-notch lifestyle, abundant green spaces, and a well-established healthcare system. As the seat of the Dutch government and home to numerous international organizations, The Hague offers a vibrant job market and a welcoming atmosphere for expatriates.

2. Valencia, Spain

Valencia Spain

In the heart of the Mediterranean, Valencia offers a warm climate, stunning beaches, and delectable Spanish cuisine. This enchanting Spanish city is the second best place to live in Europe, as it strikes the perfect balance between affordability, with a low cost of living score of 49, and a high standard of living, at 196. Moreover, Spain ranks as the best country in Europe to live. Residents in Valencia are used to a laid-back lifestyle, savoring the city’s architectural wonders, lush parks, and the family-friendly Turia River Park. The cost of living is notably lower than other major Spanish cities, and the city’s focus on sustainability and eco-friendly initiatives adds to the overall appeal.

3. Porto, Portugal

Porto Portugal

Nestled along the banks of the Douro River, Porto is a popular city in Portugal characterized by charm and value, and the third best place to live in Europe in our ranking. Offering a lower cost of living, with a score of 47, compared to many Western European cities, this city is a dream come true for those seeking an excellent quality of life. The city’s rich history, stunning architecture and bridges, and famous port wine cellars add a unique allure. Expats who opt to move to Porto enjoy a relaxed atmosphere, friendly locals, and a thriving arts and cultural scene.

4. Madrid, Spain

Madrid Spain

In fourth place, the beautiful capital of Spain, Madrid blends tradition with modernity, all while keeping costs reasonable for its residents and expats. A city of endless possibilities, Madrid boasts world-class museums, stunning architecture, plenty of parks, and a fun nightlife. Residents can enjoy an array of affordable dining options and excellent public transportation. The overall quality of life in Madrid is unparalleled, scoring 185, with its Mediterranean climate and a dynamic job market attracting people from all corners of the globe.

5. Rotterdam, Netherlands

Rotterdam The Netherlands

Renowned for its innovative architecture, Rotterdam is the fifth best place in Europe to live in, thus securing a second spot in the ranking for The Netherlands. This dynamic city impresses with a moderate cost of living (score of 65) compared to neighboring cities, making it an appealing choice for those seeking a high quality of life (score of 203). Rotterdam’s thriving art and cultural scene, bustling port, and diverse culinary offerings add to the allure. Residents and expats alike can enjoy Rotterdam’s cosmopolitan atmosphere, and its commitment to sustainability enhances the overall living experience.

6. Vienna, Austria

Vienna Austria

The sixth best city in Europe to live in, Vienna, the sophisticated Austrian capital, is known for its classical music heritage and splendid architecture. Despite being a metropolis, Vienna offers a moderate cost of living, with a score of 65, coupled with an exceptional quality of life, where it scores a high of 198. Residents and expats can indulge in a variety of cultural events, world-class museums, and lush green spaces. The city’s efficient public transportation system and safety contribute to the ease of daily life, making Vienna a beloved home for many.

7. Timisoara, Romania

Timisoara Romania

Timisoara, a vibrant city in western Romania, has been garnering attention as an excellent destination for those seeking an affordable European lifestyle. Romania is an underrated wonderful place to live, with incredible natural beauty and world-famous hospitality. This university town offers one of the lowest costs of living, scoring 38, making it an attractive option for students and young professionals. Timisoara’s rich history, safety, lively arts scene, and bustling markets create a unique and welcoming environment. Residents enjoy a laid-back, good quality of life in this culturally diverse city, scoring 151 in this area.

8. Luxembourg, Luxembourg

Luxembourg Luxembourg

Located in the heart of Europe, an ideal base to explore the rest of the continent, Luxembourg boasts a high standard of living despite its small size, scoring 201. While the cost of living may be slightly higher than in other cities on this list, with a score of 72, the benefits are well worth it. Luxembourg’s international character, picturesque landscapes, and top-notch healthcare and education systems make it a desirable place to call home. Luxembourg’s strong economy, coupled with its safety and efficient public services, provides residents with a sense of security and contentment.

9. Amsterdam, Netherlands

Amsterdam The Netherlands

Famous for its picturesque canals and youthful atmosphere, Amsterdam effortlessly combines the old-world charm with modern amenities. While the cost of living may be higher than in some other Dutch cities, scoring 69 in this category, Amsterdam offers an amazing quality of life (score 195) that attracts people from all over the world. The city’s cultural richness, diverse neighborhoods, and emphasis on sustainability make it a delightful place to live. Residents can enjoy cycling through the city, exploring world-class museums, and embracing the open-minded and welcoming Dutch culture.

10. Tallinn, Estonia

Tallinn Estonia

Tallinn, the charming capital of Estonia, proudly rounds out our list as an underrated best city to live in Europe. With its relatively low cost of living and a commitment to digital innovation, the city offers an exceptional quality of life (score 175). Tallinn’s well-preserved medieval old town, coupled with modern amenities, creates a unique living experience. Residents relish the city’s focus on work-life balance, access to nature, and excellent public services, making Tallinn a compelling choice for those seeking a rewarding and affordable European lifestyle.

Check out the full ranking of the 50 cities in Europe to live in: 

Lara Bianco

Lara is an Italian-American content manager at My Dolce Casa. Lara splits her time between Chicago, United States and Puglia, Italy, sharing la dolce vita with her adorable beagle Goldie.

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