Leuven is a small city located in Belgium with a metropolitan area population of 92,892. A couple could live a moderate lifestyle in Leuven on a budget of $2,792 per month, or $33,502 per year.
Cost of Living in Leuven, Belgium
As noted above, the cost of living in Leuven, Belgium is $2,792 per month for a couple living a moderate lifestyle. This budget consists of $1,407 for housing related costs, $557 for food, and $827 for other costs, all of which will be broken down below.
- A one-bedroom apartment in the city center of Leuven is estimated to cost $1,089
- Basic utilities including electricity, water, and gas will run about $244
- High-speed internet averages $74
- Typical grocery costs of $400 per month include things like bread, eggs, milk, cheese, rice, chicken breast, bottled water, fruits, and vegetables
- Alcohol including beer and wine for moderate home consumption costs about $72
- Frequent coffees in a neighborhood café are estimated to be about $86
- Meals out are estimated to be $523 per month, including 4 meals in mid-range restaurants and 8 in inexpensive restaurants
- Transportation costs of $142 for public transport passes and occasional taxis
- Fitness center memberships of $92
- Cinema tickets of $70 include several outings for international releases
Note that Leuven, Belgium is a very walkable city with a Walk Score of 99/100, which means you won’t need a car if you are living in the city center and you may even save some money by not using public transportation and taxis very often.
Amount of Money Needed to Retire in Leuven, Belgium
Many people searching the internet for the cost of living in Leuven, Belgium are doing so to see if and when they can quit their jobs and retire. A popular and easy way to calculate your retirement number is using the 4% Rule.
The 4% Rule estimates that a person(s) could withdraw 4% of their retirement nest egg and never run out of money. Using this calculation, a couple would need an investment portfolio of $837,552 to live a moderate lifestyle in Leuven, Belgium.
Annual expenses of $33,502 ÷ 4% = $837,552 portfolio needed.
Of course, everyone’s financial situation is different, and the above calculation could change based on any other sources of passive income and social security income.
Overall, the cost of living in Leuven, Belgium is affordable coming in at $2,792 for a couple living a moderate lifestyle. Those seeking to retire could do so comfortably with a retirement portfolio of $837,552.