Lisbon, Portugal

Its pastéis de nata cost just €1.20 each at over 300 bakeries—50% cheaper than the average rival pastry in Paris. The city’s seven hills feature viewpoints like Miradouro da Graça, attracting 4 million yearly visitors to Fado music in Alfama. With living costs 38% lower than the typical Western European capital, Lisbon delivers exceptional value.