Living abroad can be an exciting and rewarding experience, but it can also be costly depending on where you choose to settle. Fortunately, there are some countries that offer a low cost of living without compromising on quality, safety, and comfort. Here are five of the cheapest countries to live in, based on data from Numbeo, a website that compares living expenses across the world.
1. Vietnam
Vietnam is a Southeast Asian country with a rich culture, diverse natural beauty, and friendly people. It is also one of the most affordable places to live in the region, with an average cost of living index of 37.93, which means that living in Vietnam is about 62% cheaper than living in the United States. A one-bedroom apartment in a city center costs around $350 per month, while a meal at an inexpensive restaurant costs about $2. You can also enjoy the country’s stunning beaches, mountains, and historical sites for a fraction of the price you would pay elsewhere.
2. Malaysia
Malaysia is another Southeast Asian country that offers a low cost of living with a high standard of living. The country is known for its multiculturalism, modern infrastructure, and delicious cuisine. The average cost of living index in Malaysia is 40.12 , which means that living in Malaysia is about 60% cheaper than living in the United States. A one-bedroom apartment in a city center costs around $400 per month, while a meal at an inexpensive restaurant costs about $3. You can also explore the country’s diverse attractions, such as the Petronas Twin Towers, the tropical islands of Langkawi, and the rainforests of Borneo.
3. Costa Rica
Costa Rica is a Central American country that boasts a high quality of life, a stable democracy, and a commitment to environmentalism. The country is famous for its natural wonders, such as volcanoes, waterfalls, and wildlife. The average cost of living index in Costa Rica is 49.88, which means that living in Costa Rica is about 50% cheaper than living in the United States. A one-bedroom apartment in a city center costs around $500 per month, while a meal at an inexpensive restaurant costs about $5. You can also enjoy the country’s laid-back lifestyle, friendly locals, and vibrant culture.
4. Philippines
The Philippines is an archipelagic country in Southeast Asia that offers a low cost of living with a high level of happiness. The country is known for its hospitable people, diverse culture, and beautiful scenery. The average cost of living index in the Philippines is 39.04, which means that living in the Philippines is about 61% cheaper than living in the United States. A one-bedroom apartment in a city center costs around $300 per month, while a meal at an inexpensive restaurant costs about $2. You can also experience the country’s rich history, colorful festivals, and stunning beaches.
5. Portugal
Portugal is a European country that combines old-world charm with modern amenities. The country is famous for its wine, cuisine, and architecture. The average cost of living index in Portugal is 49.52, which means that living in Portugal is about 50% cheaper than living in the United States. A one-bedroom apartment in a city center costs around $600 per month, while a meal at an inexpensive restaurant costs about $8. You can also discover the country’s diverse regions, such as the cosmopolitan Lisbon, the historic Porto, and the sunny Algarve.
These are just some of the cheapest countries to live in, but there are many more options to choose from depending on your preferences and budget. Living abroad can be an enriching and fulfilling experience if you do your research and plan ahead.
