Slovakia is one of the cheapest countries among the European Union members – prices are 35% lower than the EU average. According to Eurostat, Slovakia is ranked ninth in the world for low-cost goods. Slovakia has lower prices for schools, lodging, telephone and internet services, and alcoholic drinks than the neighboring Czech Republic. If you are planning to relocate to Slovakia but are not sure of your budget, take a look at the statistics provided below in this article.
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Food, clothing, and shoes
The cost of clothing in the country is comparable to other European countries. A pair of jeans costs around €50, while a dress costs around €30-€40. The average Slovak spends 17% of their monthly expenditure on food, or €187. Slovakia is home to the main European food store brands, including the British Tesco, the Austrian Billa, and Slovak businesses such as Coop Jednota. There are plenty of apparel and footwear outlets in both the budget and premium divisions.
Transport
In the country, there are several transportation firms. Because this market is competitive, carriers provide beneficial prices and incentives in exchange for customer loyalty. A monthly pass for unrestricted travel on buses, trams, and trolleybuses costs roughly €30-€40 in Bratislava and can be considerably lower in other towns. Taxis are also accessible, with a 10 km journey costing between €10 and €15. If you prefer a cab, you may download the Bolt and Uber applications to your smartphone. The costs for a single journey are pretty reasonable. The program allows you to pay online.
Communication services
The lowest package pricing with Slovakia’s main mobile providers is €10-15 per month, with an aggregate price of €70 per month. The 4ka mobile provider may provide limitless internet access and 3.38 GB in EU nations for €22 per month, as well as free calls and SMS to Slovak and European subscribers. The O2 operator provides unlimited mobile Internet, unlimited calls, SMS, and MSS for €40.
Maintaining a bank account
Based on the bank’s rates, administration expenses might range from €0 to €3 for a regular plan (payment account with basic services) and €6-15 for an upgraded bundle.
The monthly cost of maintaining a corporation account ranges from €0 to €60. A lot of banks provide pretty functional solutions at €6-15 per month.
Rental prices in Slovakia
The price of housing in the country is heavily influenced by the location, size, and kind of house. The typical rent for a one-bedroom apartment in Bratislava is roughly €600-€800 per month, while a three-bedroom property might cost €1,000-€1,500 per month. The rent in Bratislava is €350-400 per month for a small studio dwelling, €400-500 for a one-room unit, €500 for a one-bedroom unit,
Renting a property in Bratislava’s outskirts and small towns is an option. The prices range from €300 to €700. The price frequently includes the utility bill. The cost is determined by the facilities and settings.
Purchasing property in Slovakia
Citizens from any country can purchase property in Slovakia. However, such an acquisition cannot be used to get a resident permit. It is also worthwhile to consider getting a loan to purchase a home in Slovakia. Interest rates in various institutions range from 1.5% to 2% per year. The mortgage payment will be the same as, or even less than, the average monthly rent.
Medical services
Insurance covers medical treatments in the nation. This implies that all citizens of the nation must have insurance. With medical coverage, you may see physicians for free, receive hospitalization at a reduced cost, and get prescription medications for free. Cosmetic surgery and dental work are not covered by the insurance. Business insurance for catastrophes starts at €200 per year. Full coverage for an adult cost around €800 per year.
