How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
Currency Guide for Bulgaria (ISO Code: BG)
Traveling to Bulgaria can be an affordable experience for those seeking a blend of cultural richness and natural beauty. For a 1-week mid-range stay, travelers should budget around 600 - 800 BGN (approximately 320 - 430 EUR). This will cover dining, accommodations, and local excursions without compromising on quality. Here are some typical daily expenses in Bulgarian Lev (BGN):
- 🍽️ Meal at a local restaurant: 15-25 BGN
- 🚍 Public transport fare: 1-2 BGN
- 📱 Prepaid SIM card: 20-30 BGN
- 🏨 Budget hotel or Airbnb: 50-100 BGN per night
Overall, Bulgaria is considered quite affordable when compared to the United States, where similar expenses can run significantly higher. For instance, dining at a restaurant in the US might set you back $25-$50, while the same meal in Bulgaria is roughly half or even a third of the price. Compared to the UK, travelers will find Bulgaria to be inexpensive, with lodging, meals, and local attractions typically more affordable than in London or other major UK cities.
Insight for Expats in Bulgaria
Life in Bulgaria offers newcomers a variety of living costs that still lean towards the budget-friendly side of Europe. Typical monthly living costs for an expat can range from 1,500 to 2,500 BGN (around 750 - 1,300 EUR), depending on lifestyle choices and residence. Essential expenses might include rent (600-1,000 BGN for a one-bedroom apartment in the city), groceries (400-600 BGN), and utilities (200-350 BGN).
For banking in Bulgaria, many residents opt for local banks for their convenience, but international cards are widely accepted and can make transactions smoother. Be mindful of potential foreign transaction fees, however. When it comes to sending or receiving money, online transfer services like Wise and OFX generally provide better rates and lower fees compared to traditional bank transfers. Exchanging money locally may be convenient, especially for small amounts, but for larger sums, opting for online services can yield better overall value.