Ireland Economy

Ireland offers great public transportation in the larger cities while buses and trains carry passengers around the countryside with many destinations to choose from.

Ireland is also a great launching pad to explore most of Europe and it’s one of the closest European countries to the United States and Canada.

The cost of living is higher than most of the EU, but major expenses like housing go down the further you travel from large city centers.

Fuel taxes are expensive, making up more than half the cost of a tank of gas at times. Expect to pay twice the cost you might see in the States for a gallon of gas.

It is relatively easy to open a bank account, but you need to be present in the country.

It is more difficult to buy property as a foreigner, and mortgages are not easy to find. Interest rates and other mortgage terms are not favorable in Ireland, and foreigners will have additional requirements to qualify for a loan.

Public education is free and very high quality. Parents must pay for school uniforms, lunches, and school supplies. Private education is available, but you can expect to pay more than US$10,000 per year per child.

Overall, Ireland is fairly conservative in its economy, religious practices, with a strong sense of family and community.

While it is not a low-cost option for retirement, the natural beauty and the friendly people are enticing for many.