The average and minimum salary in Sofia, Bulgaria are interesting data to analyze the economy of this European Union country
The average and minimum salary in Sofia, Bulgaria are useful data for those considering landing a job or opening a business in the country. Bulgaria is a full European Union member, and has many advantages, such as having one of the lowest tax burdens in the old continent.
Let’s analyze below the minimum and average wage in Bulgaria, and understand the key sectors of the country’s economy.
Minimum Salary in Sofia, Bulgaria
The gross minimum salary in Sofia, Bulgaria is of 610 Bulgarian lev per month gross (approximately 311 EUR or 346 USD) as of 2020. This minimum wage is valid not only in Sofia, but in all countries and not is not bound just to specific sectors of the economy. More information here (in Bulgarian).
Bulgaria has one of the lowest minimum salaries in Europe, and currently the lowest in the European Union.
Average Salary in Sofia, Bulgaria
The average salary in Bulgaria is considerably higher than the minimum wage, but still rather low. Currently, the average salary in Sofia is hovering around 600 euros per month, which is considerably higher than the minimum.
The cost of living in Sofia is quite low, and you can easily rent an apartment for 250 euros per month. Sofia has one of the cheapest square meter prices among European capitals.
Sofia, Bulgaria Economic Outlook
Bulgaria suffered intense economic transformations since the end of the Soviet Era and the Warsaw pact. The country’s economic was focused in heavy industries, but has changed to more diversified sectors in the past two decades.
For foreigners coming to Bulgaria, most of the opportunities are in the service industry, namely in IT and tourism. Bulgaria low cost of living and taxation makes of it a great place for companies providing services to international clients.
Bulgaria also has awesome nature and landscapes. The tourism and quality of live overall in Bulgaria is great and cheap.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
World Nomads: this company provides travel insurance in most countries around the world. It might be a good option if you going for a long travel.
Jetradar: Compare and book flights around the world with our own flight search fare tool.
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world. Travel always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.