The best aspect of moving to a different country is getting to experience a new culture, meet new people, and eat fresh food, but adjusting and living expenses abroad may be very taxing. To ensure that nothing will catch you off guard and that you have made all the necessary preparations, both mentally and financially, it is crucial to thoroughly investigate the new country you will be relocating to beforehand.
If you are planning to move to Estonia, then this blog will help you get a better idea about the budget required to meet the cost of living in Estonia. Keep on reading further to know more!
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Estonia is a stunning nation in Northern Europe that is gradually gaining popularity as a travel and expat destination. Despite being one of the smallest nations on the continent, Estonia has a higher standard of living than many of its neighbours and a lower cost of living.
With a population of slightly over 1.2 million and a total area of 45,226 square kilometres, Estonia is bordered by Russia and Latvia. Estonian is the nation’s official language, while the euro is its official currency. With a GDP of $24.28 billion and a per capita GDP of $18,805, the nation’s economy is booming.
The cost of Living in Estonia is relatively cheap, with reasonably priced housing and basic necessities. The nation also provides a superior quality of life, with high levels of safety, first-rate medical facilities, and a top-notch educational system.
Also Read: Study in Latvia
Cost of Living in Estonia
The cost of living in Estonia is lower as compared to other countries. According to the reviews provided by various people, the standard of living in Estonia is quite similar to that of Western Europe. To give you a better idea about the cost of living in Estonia we have discussed several aspects of it below.
There are several possibilities open to you if you’re looking for a brief stay in Estonia. All types of travellers can find a place to stay in Estonia, from budget hotels to opulent residences. When visiting this lovely country, people who are looking for flexibility and affordability should choose Estonia’s short-term rentals. On the other hand, if you are looking to stay in Estonia for a longer duration then you can consider the following housing rental options:
|Apartment (1 bedroom) in City Centre||€ 576.14|
|Apartment (1 bedroom) Outside of Centre||€ 422.53|
|Apartment (3 bedrooms) in City Centre||€ 944.66|
|Apartment (3 bedrooms) Outside of Centre||€ 699.14|
Also Read: How to Live Abroad as a Student?
Travel expenses in Estonia are often less expensive than those in Western Europe, however, these are no longer the dirt-low pricing of the 1990s. Prices can reach Scandinavian levels, especially in popular places, like Tallinn’s Old Town.
In general, transportation outside of the major cities is affordable, especially if you take the local buses. Some more remote places, however, are less linked and necessitate a car. Although most rental cars are economical and typically have a fair selection of alternatives, if you only have an automatic driving licence you will need to verify ahead of time whether an automatic automobile is available. The table below will give you a better idea of transportation prices in Estonia:
|One-way Ticket (Local Transport)||€ 1.50|
|Monthly Pass (Regular Price)||€ 30|
|Taxi Start (Normal tariff)||€ 2.85|
|Taxi 1 km||€ 0.80|
|Taxi 1 hour Waiting (Normal Tariff)||€ 15|
|Gasoline ( 1 litre)||€ 1.75|
|Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)||€ 24,391|
|Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)||€ 23,049|
Also Read: How Much Will it Cost to Study Abroad?
The average food expense for an individual is Euro 300 every month. The table below shows some of the staple food items and groceries with their respective prices:
|Bread for 2 people for 1 day||€ 1.38|
|1 kg (2 lb.) of potatoes||€ 0.74|
|500 gr (16 oz.) of local cheese||€ 5.78|
|12 eggs, large||€ 2.89|
|500 gr (1 lb.) of boneless chicken breast||€ 5.78|
|Combo meals in fast food restaurants (big mac meal or similar)||€ 8|
|Basic lunchtime menu (including a drink) in the business district||€ 11|
|1 litre (1 qt.) of whole-fat milk||€1.21|
|1 kg (2 lb.) of tomatoes||€ 3.07|
|1 kg (2 lb.) of apples||€ 1.88|
|0.5 l (16 oz) domestic beer in the supermarket||€ 1.54|
|1 bottle of red wine, good quality||€ 11|
|2 litres of coca cola||€ 1.97|
Entertainment and Activities
The table below represents some of the entertainment and activities options and their respective prices:
|Movie ticket||€4.5–€5.7 (depending on the cinema or time of the day or day of the week)|
|Nightclub ticket||up to €5–€15 (depending on the club, free entrance or discounts for ladies or students with a student card are common)|
|Private sports clubs||€30–€70 per month (depending on the club and training package)|
|University sports clubs||€30–€40 per month (depending on the university)|
A. The average cost of food in Estonia is Euro 33 per day. An average meal in Estonia costs around Euro 13 per person. As compared to lunch and dinner, breakfasts are cheaper.
A. In Estonia, the rate of the sales tax or value-added tax is 20%. VAT is always included in the pricing and the majority of goods and services are subject to a 20% tax. Additionally, there is a 9% lower VAT rate for items like books.
A. Without rent, the expected monthly expenses for a family of four are 2,724.2€. Without rent, the projected monthly expenses for a single person are 804.9€. In comparison to the United States, Estonia has an average cost of living that is 24.3% lower. The average rent in Estonia is 66.3% less than in the United States.
This was everything related to the cost of living in Estonia. If you are looking for study abroad opportunities then experts at Leverage Edu can help you achieve your dream. To connect with us simply register on our website or call us at 1800-572-000.