Introduction

The thought of starting afresh in a country where your money goes further is a dream for many. Whether you’re seeking adventure, a peaceful retirement, or a chance to work remotely, choosing a destination where the cost of living is low can open doors to a more fulfilling life. Here, we explore the cheapest countries to live in, each offering affordability alongside unique cultures and lifestyles.

1. Vietnam: The Jewel of Southeast Asia

Vietnam is a destination that has seen increased popularity among expats, combining bustling city life with serene living in the countryside. The country is famous for having a low cost of living; hence, life is not only livable but enjoyable.

• Cost of Living: Rent-free monthly expenses $500; apartments in the city center range from $300 to $700.
• Affordable Dining: A steaming bowl of pho costs around $2; it is heaven on earth for a foodie on a budget.
• Community Vibes: Feel: The rich culture and amiable locals make settling in very easy and enjoyable.

Cities as big as Hanoi and Ho Chi Minh City merge modernism and historical value to top this as the best and cheapest countries to live in. Public transport with efficient means of operation attracts admirers of nature and adventure to the country.

2. Colombia: Affordable Living with a Splash of Color

Colombia’s transformation into a sought-after expat destination is no surprise. With a low cost of living and vibrant culture, cities like Medellín have been dubbed the “City of Eternal Spring” for their perfect weather and high quality of life.

• Costs of Living: Monthly groceries would be around $535. A one-bedroom flat in Medellín or Bogotá costs a bit between $280-$650 when renting.
• Food and Transport: Local restaurants range between $3 and $12, and public transportation goes as low as $0.66 per ride

Colombia is one of the best cities to live in Asia and beyond for remote workers, retirees, and adventurers due to its dynamic mix of urban life, natural landscapes, and friendly communities

3. Indonesia: The Ultimate Tropical Retreat

Indonesia is the equivalent of paradise, especially for those who would want to live on islands such as Bali. However, it is more than its beaches since the country is incredibly affordable and charming, especially to expats and digital nomads.

• Living Costs: Average monthly spending is $550 excluding rent. Apartments in the city center cost between $400 to $800.
• Local Perks: Dine for as cheap as $2.50 and transportation costs are similarly pocket friendly.

The sense of community, serene beaches, and emerging co-working spaces make Indonesia an ideal destination for affordable living. Its laid-back lifestyle is especially appealing to those escaping the hustle of urban living.

Read Also: HOW TO CHOOSE THE RIGHT COUNTRY FOR YOUR CAREER GROWTH

4. Mexico: Where History Meets Modern Affordability

Mexico is a diverse country offering stunning landscapes, rich traditions, and affordable living. Whether you’re drawn to the historic charm of Mexico City or the artistic vibe of Guadalajara, the country blends affordability with cultural vibrancy.

• Living Costs: Monthly expenses without rent range between $700 and $750. City-center apartments typically cost $580 to $1,000, depending on the location.
• Affordable Luxuries: A tasty dinner at a local taqueria is between $5 and $18, and public transportation is available starting at just $0.30.

Its location relative to the US makes it an ideal option for expats in North America, and the already existing expat communities offer a home-away-from-home effect.

5. Philippines: A Budget-Friendly Paradise

The Philippines is an ideal expat destination due to its busy cities and peaceful islands; it's a great place. The language used in everyday conversation is predominantly English, the cost of living is lower, and one can adjust easily to the new setup.

• Cost of Living: Rent in a one-bedroom apartment in a city center like Manila or Cebu will be anywhere between $250 and $500. Monthly costs will go up to around $600 to $700.
• Dining on a Budget: A meal at a local restaurant costs $2, and everything else-from transportation to entertainment very affordable.

The Philippines is also famous for its natural beauty and friendly expat community. The warm climate and lively culture make it an attractive destination for retirees and digital nomads.

Read Also: HOW CAN YOU LEARN A NEW LANGUAGE AFTER RELOCATING TO A NEW COUNTRY?

How to Choose Your Next Destination?

Affordability is the key aspect, but lifestyle, security, healthcare, and jobs are all other important reasons people would consider while choosing the best new country to settle down in. These five countries are at the top list for expats in 2024 because they unite the lowest living costs with enriching cultural experiences.

Moving to another country may be scary for those willing to take the step. That's where PM Relocations comes in to make the move to a new country smooth and efficient. PMR has decades of experience that will make your international relocation smooth and efficient.

Ready to Relocate?

Discover affordable living and exciting opportunities in these cheapest countries to live in. Let PM Relocations make your journey smooth, from packing your belongings to helping you settle into your dream destination.