Is Belgium expensive? It depends where you live. If you live in a region with high wages like e.g. Scandinavia or Japan, it's cheap. But if you live in a region withlow wages like e.g. East-Europe or Portugal, it's expensive. To give you an idea about the life standard in Belgium: the price of the average bread in august 2002 is 1,56 Euro. To know the present exchange rate: use Travlang's Currency Exchange Rates.