Whether you’re moving to Poland permanently, temporarily, or retiring, this guide is for you. An extensive approach to the expenditure of living in this country will be offered. However, this depends on which place you live. This place is mainly known for having a cheap lifestyle than many other European nations. Nevertheless, this range of prices can be much higher in major cities like Warsaw, Krakow, and Wroclaw than in other smaller towns.
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Exchange rate costs
The Mercer 2022 Cost of Living rankings places Warsaw, the capital and most expensive location, at number 174.
The cost of converting from British pounds to Polish zloty, the country’s currency, is one major factor that drives up costs for ex-pats living in Poland. Your bank’s cut can be rolled up in the exchange rate it uses, even if it claims to offer fee-free money exchange.
Using an exchange service like Wise, which uses the same mid-market rate as Google and Reuters, could get you a better deal. This could be a much better deal than sending money to your home bank because Wise offers a fair service and low, transparent fees for transferring money.
What about Poland’s healthcare costs
If you work in Poland, you’ll consequently pay a 9% Public Insurance payment, which goes towards the expense of your clinical consideration. It implies that state health centres don’t require payment to use, however, you might still have to stand for the costs of prescriptions. In the case that you have employed yourself, you have the chance of getting private medical insurance or making voluntary contributions.
How much do travel and transportation costs in Poland cost
Your personal preferences and where you live will determine how you choose to get around Poland. There is a comprehensive bus system that operates frequently in urban areas, but less frequently in rural and smaller towns. You can also drive, cycle, or take the local trains.
It’s important to note that not all cities have bike lanes, making cycling difficult.
Study costs in Poland
The University of Warsaw is Poland’s top-ranked higher education institution, according to the Shanghai ranking of world universities.
However, even as an international student, the annual tuition for an undergraduate course is only around £1750. Also, an MBA program ranges from £7,000 to £10,50014 yearly. Staying in a foreign land can be overwhelming. Nevertheless, it also brings with it extra expenditure and the switch to a new currency.
Approximate average costs
As of 2021, the following are some estimated average costs in Polish zloty (PLN):
Accommodation cost in this country
Rent for a one-bedroom apartment in the heart of the city costs 2,500-4,500 PLN. Meanwhile, rent for a one-bedroom apartment outside of the city centre ranges from 1,800-3,200 PLN PLN per month. The size and location both have a significant impact on the price for
Services like water, electricity, heating, and garbage. The cost of a small apartment each month: 200-400 PLN for transport:
A monthly pass for public transportation costs 100-150 PLN. A one-way ticket for local transportation is between 3 to 4 PLN for a litre of gasoline—5 to 6 PLN for Groceries and food.
A restaurant’s basic lunch menu is 20-30 PLN. An individual’s typical monthly grocery bill is 400-600 PLN.
One needs to understand that these are only rough estimates and may change in relation to personal and lifestyle choices. When differentiated from other countries in the European Union, living in Poland as a student is relatively affordable. The monthly cost of living for students can begin as low as 1500 PLN (330 EUR). However, prices vary based on where you currently reside.
