Depending on their scope and comfort expectations, the costs of living in Bucharest may vary a lot – so it really depends on who you ask. This article is for the young people between 18-35, without children.
There is, first of all, the (wrong) tendency to consider that the money you don’t spend you don’t need, and that may be interpreted in a lot of ways, but I consider it a general truth for living in Bucharest.
Then, you must consider that when making an average monthly budget for regular expenses (anywhere in the world), you also need to factor in some or all of these variations:
– the cost of living during the winter is higher than it is during the summer
– the rent you pay depends on the time of the year you rent the apartment. For example, rents in the fall are higher, because of the high demand
– there are some expenses which you make each year, but not each month. For example, buying gifts, paying taxes or going to a wedding. These must also be added to the monthly average
– the cost of transportation depends on how much will you need to make trips in the city
– do you receive in nature, or by the job or get a significant discount on some of the things you might have to pay for (place to stay, food, transportation)
– who with do you live with in Bucharest? Parents, relatives, sentimental partner, cat, apartment colleagues, house pet?
– will you have a social or cultural life in Bucharest?
– where in Bucharest is it acceptable for you to stay?
– will you have the availability to shop in different places for different things and at various hours during the day?
– will you cook, will you eat at home semi-prepared food or will you
– is your health insured? do you have any special sensitivities that you need to be taken care of? do you practice any sport?
– what is your budget for initially moving to Bucharest?
Please consider that this is just for living – basic things. You will need more, for sure, depending on what you’re planning to do. Based on these criteria, for some people 300 euros/month might be too much, for others, 500 euros/month might be too little. And you know what? They would all be right.
Now, I will first present the grossing figures in this article and I will follow up on it next week.
For reality reasons, I have excluded the option of living in a student dorm, as I generally consider that a hazardous or desperate option. Though, if you are living in a student dorm, this alone will decrease your general expenses with at least about 110-150 euros/month.
So, to sum it up, as an average considering also the yearly.
Basic surviving: totally 260–670 €/m.
Accommodation/rent: 50-250 €/m.
Maintenance and upkeeping 50-70 €/m (as an average between summer and winter)
Food: 100-200 €/m.
Other accommodation expenses (internet, electricity, TV cable, garbage): 40-80 €/m.
Health: 40-50 €/m. (if you are basically healthy)
Clothing and shoes: 10-20 €/m. (if you need it)
Administrative necessities: totally 80-110 €/m.
Urban transportation: 30-35 €/m (100 €/m if you use a car)
Mobile phone: 20-25 €/m.
Consumables: 30-40 €/m.
taxes, fees and commissions: 10-20 €/m.
Other (leisure expenses): totally 50-80 €/m.
Reading: 5-10 €/m.
Film: 5-10 €/m.
Theater: 5-10 €/m.
Business networking events: 10-15 €/m.
Going out: 10-15 €/m.
Gifts: 5-10 €/m.
Other special expenses: 10 €/m.
So, as an answer to the title, the least amount for which you could reasonably live in Bucharest would be 400 euros a month. The maximum reasonable amount would be 860 euros a month.
How did I get to these figures?
Keep an eye on Analytic Vision to read further!