Cost-of-living rankings · Eurostat HICP 2023

Cheapest Countries for Utilities

Electricity, gas, water and heating price levels, EU-27 = 100.

By ·Eurostat source →

#1 Cheapest utilities
Bulgaria (70)
Average index
100
Top–bottom spread
75
Countries ranked
31

Top 10 - Cheapest utilities

Cheapest Countries for Utilities (top 10)

1. 🇧🇬 Bulgaria702. 🇵🇱 Poland733. 🇷🇴 Romania784. 🇸🇰 Slovakia815. 🇲🇹 Malta826. 🇱🇹 Lithuania847. 🇭🇺 Hungary858. 🇸🇪 Sweden859. 🇱🇻 Latvia8610. 🇨🇾 Cyprus87

Each value is the price level relative to the EU-27 average of 100. Below 100 is cheaper than the EU norm, lower is better for residents.

Full ranking, all 31 countries

Rank Country Utilities index
1 🇧🇬 Bulgaria 70
2 🇵🇱 Poland 73
3 🇷🇴 Romania 78
4 🇸🇰 Slovakia 81
5 🇲🇹 Malta 82
6 🇱🇹 Lithuania 84
7 🇭🇺 Hungary 85
8 🇸🇪 Sweden 85
9 🇱🇻 Latvia 86
10 🇨🇾 Cyprus 87
11 🇭🇷 Croatia 88
12 🇬🇷 Greece 88
13 🇨🇿 Czechia 89
14 🇪🇪 Estonia 95
15 🇸🇮 Slovenia 95
16 🇮🇸 Iceland 95
17 🇫🇷 France 98
18 🇧🇪 Belgium 102
19 🇫🇮 Finland 102
20 🇱🇺 Luxembourg 102
21 🇩🇪 Germany 105
22 🇮🇹 Italy 110
23 🇵🇹 Portugal 110
24 🇮🇪 Ireland 113
25 🇬🇧 United Kingdom 115
26 🇪🇸 Spain 119
27 🇦🇹 Austria 121
28 🇳🇱 Netherlands 122
29 🇨🇭 Switzerland 130
30 🇳🇴 Norway 132
31 🇩🇰 Denmark 145

How to read this ranking

Each figure is a comparative price level: what a standardised basket of goods and services costs locally, with the EU-27 average normalised to 100. Because it is purchasing-power-comparable, it strips out exchange-rate distortion and lets you compare countries directly. The spread from Bulgaria (70) to Denmark (145) is 75 index points, a large real difference in everyday costs. For affordability, weigh this against the best-value ranking, which combines income and cost.

The mid-table country, Iceland (95), is a useful reference: countries above it are cheaper than typical, those below pricier. A country can rank well on one category and poorly on another, cheap groceries do not guarantee cheap rent. Open any country profile for the full per-category breakdown.

Other rankings

Cheapest overall →Most expensive →Best value →Cheapest rent →Cheapest groceries →Cheapest transport →

Source: Eurostat, comparative price levels (HICP) and median equivalised net income Eurostat, comparative price levels (HICP) and median equivalised net income Price-level indices, EU-27 = 100, 2023.

Read our methodology - how these indices are sourced and computed.

Data compiled and verified by the PlainCostOfLiving team.