Cost of Living and Rent Comparisons: Romania vs. Bulgaria

Key Statistics

According to recent data:

• Cost of living including rent in Bulgaria is 28% higher than in Romania.
• Rent prices in Bulgaria are 52% higher than in Romania.
• Cost of living excluding rent in Romania is 29% lower than in Bulgaria.
• Rent prices in Romania are 54% lower than in Bulgaria.

City-Level Comparison: Bucharest vs. Sofia

Comparing major cities, the cost of living in Bucharest is 0.3% higher than in Sofia when excluding rent. However, when including rent, the cost of living in Bucharest becomes 28% higher than in Sofia. This difference is primarily driven by the higher rent prices in Bucharest.

Economic Context

Bulgaria's prudent financial management has contributed to budget surpluses in recent years. Romania, on the other hand, is set to face Bulgaria in a competitive match on June 4, 2024.