“Kyle, how much does it REALLY cost to live in Eastern Europe?”
A question I get about every day.
So, I’ve done the liberty of breaking my own expenses down.
My apartment costs $1,200 a month with all utilities (no internet). This is an absurd price for Eastern Europe. It’s city center, 85 square meters, 3 rooms, and has a panoramic view of a stunning square and church. There are no buildings in front of it so I have full natural light.
It’s also my home office, so take that with a grain of salt when you factor in the price.
I can be on the metro platform in 3 minutes from my front door, and to a major tram/bus line in 30 seconds.
But, an average “bachelor setup” here would be about $600-800.
I don’t have a car, it would be silly given how central I am.
I pay $12/month for unlimited metro, tram, and bus rides, it gets me anywhere I need in the city within 45 minutes (and it’s rare I ever need to go that far).
I take the occasional Uber, too.
Round up to $30.
I eat out fairly often because I like to get out of the home in the evening.
For 2 people, it’s common for me to spend $30-35. I usually do this twice a week, maybe 3.
So $100/week to eat out, $400/month.
(I’d also classify this as “entertainment).
I also spend roughly another ~$50/week at the grocery store (two people), $200 a month.
Grocery store items:
- 1lb ground beef or chicken: $3
- 18 large eggs: $3
- 1 beer: $1
- 200g quality cheese: $1-2
- Produce is cheap
I also shop at the farmer’s market a few days a week.
Gym membership: $30/m
Total for apartment, transit, and food/necessities is so far about ~$1,900.
Kinda depends what I’m doing.
I play on softball & basketball teams which have fees.
I go and bet on the ponies.
Overall, it’s not more than $250-400 a month.
Conclusion About Expenses:
- Rent: $1,200
- Transit: $30
- Food: $600 ($400 out, $200 stores)
- Miscellaneous Necessities: $70
- Entertainment: $400
And honestly, that’s really everything up and probably exaggerating the entertainment costs.
If you manage to move abroad and make it, in a cheap country…the motivation can be hard to find.
Really, I’m not careful with my money at all. I just spend what I please, buy some luxury stuff once in a while, but for the most part I’m a pretty simple man who enjoys simple pleasures in life.
- But, I’d love to pay extra money to skip past the old grandmas in line at the grocery store who take 10 minutes to bag their shit.
- I’d love to pay extra to make visas and general paperwork hassles go away.
- I’d love to pay extra to get places in the city faster, but it’s often less time effective to take an Uber than public transit.
See the problem?
I can’t spend money to improve my quality of life much more. I already live in a massive apartment, with huge windows, ceilings, and more space than 99% of Europeans probably have. I already live in one of the most central areas possible. I have blackout curtains in my room for good sleep. I love the gym I go to. I go out whenever and to wherever I want.
And yet, I spend roughly $2,300 a month, I calculated.
There is nothing I can really think of that I could spend money on that would improve my life much.
Good problems to have, I suppose.
But, let me bring this to my final point:
Making five figures and above in second or third world countries will only get you so far. I’m not saying you should stop and not work, but at a certain point, money really doesn’t buy you that much more life. It’s sort of depressing to figure this out, but it’s definitely a reality check you’ll encounter if you’re living abroad and building a business.
If you’re not at that five-figure point yet, check out my course “Noob Niche Site”, designed to make you your first hunnids online (not thousands). It’s definitely tailored to those just starting out in their online business journey, but me thinks there is nothing out there with such a minimal monetary and time investment that could have HUGE dividends down the road.
After all, just one of my niche sites covers more than the aforementioned $2,300 a month, in my case…
Anyways, here’s the link: