How much money will I need for my pension? The average Belgian lives another 23 years after retirement. Fortunately your family expenditures drop once youre retired: 10% on average. This means a single retiree spends approximately €1,733 per month.

How much does it cost to retire in Belgium?

Family of four estimated monthly costs are 3,359$ (2,848€) without rent. A single person estimated monthly costs are 942$ (799€) without rent. Cost of living in Belgium is, on average, 6.97% higher than in United States.

How much money do you need to live in Belgium?

Living costs in Belgium usually vary between 700 – 950 EUR/month. In big cities, you might need a larger budget, but this largely depends on accommodation type and your spending habits. Here are a few examples of average living costs in some Belgian student cities: Antwerp: between 780 – 1,230 EUR/month.

Is Belgium a good place to retire?

Belgium ranks 20th on the Global Retirement Index, scoring particularly highly for quality of life and healthcare. Brussels is the first Belgian city recognized by the World Health Organization as an age-friendly city.

What is the average pension in Belgium?

According to OECD data, approximately 30% of Belgians are over 65 years old; a figure that is higher than the average of 28% in the rest of Europe. Figures from ING bank show that the average state pension in Belgium for employees is €1,100, €2,600 for civil servants, and €900 for self-employed workers.

What is the minimum pension in Belgium?

After a career of 45 years, the minimum guaranteed pension in Belgium today amounts to 1,266 euros. In 2024, five indexations will raise the guaranteed minimum pension to 1,400 euros gross per month.

Can foreigners buy house in Belgium?

Buying property in Belgium as a foreigner There are no restrictions for foreign buyers looking to purchase a property in Belgium. As in other European countries, buying a property does not give the owner the right to live and work in Belgium¹⁴.

Is it OK to drink tap water in Belgium?

Tap water in Belgium is completely safe to drink. In some cases, it is even healthier than mineral water from bottles you buy in the shop, as this can contain too many minerals. Drinking tap water also poses a smaller burden on the environment, Test-Aankoop stresses.

Why does it rain so much in Belgium?

But what does this have to do with Belgiums weather? As jet streams flow from the Pacific to Europe, they bring in warm air, filled with water molecules. As they reach Belgium, they increase the air humidity and hence also increase the chance of rainfall.

Where is the best place to live in Belgium?

The Belgian consumers organisation Test-Aankoop has compiled a list of the cities offering the best quality of life. Bruges came out on top, followed by Hasselt and Leuven. Test-Aankoop conducted a large-scale poll, taking into account 11 different factors.

Is Flanders rich?

In the second half of the 20th century, and due to massive national investments in port infrastructure, Flanders economy modernised rapidly, and today Flanders and Brussels are much wealthier than Wallonia. They are among the wealthiest regions in Europe and the world.

Whats life like in Belgium?

Living in Belgium High living standards and excellent public facilities are two of the things that have made Belgium a popular destination for expats. It also has many top attractions, a friendly and diverse culture, and is the home of multiple European Union (EU) institutions.