DISCOVER THE 5 CHEAPEST COUNTRIES TO LIVE IN AROUND THE WORLD

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.
Start your adventure today—contact PM Relocations to turn your relocation plans into reality!Our Blogs

THINKING OF MOVING TO SOUTH KOREA? HERE’S WHAT YOU NEED TO KNOW AS AN EXPAT
Dreaming of a life in South Korea? From its vibrant K-pop culture and delicious street food to its efficient public transport and high-tech cities, South Korea offers a unique and exciting experience for expats. But before you pack your bags, there are essential things you need to know about visas, cost of living, culture shock, and finding your feet in this dynamic country. This guide will walk you through everything an expat needs to consider for a successful move to South Korea.

HOW TO REBUILD YOUR SPIRITUAL CIRCLE: FINDING FAITH AND FELLOWSHIP AFTER A MOVE
Moving to a new place can feel like starting from scratch, especially when it comes to your spiritual life. The familiar faces of your prayer group, the comforting rhythm of your home congregation, and the close-knit community that once sustained you are suddenly gone. But a new location doesn't mean a spiritual void. This guide offers practical steps and heartfelt advice on how to rebuild your spiritual circle, find new avenues for faith, and rediscover fellowship after a move, ensuring your spiritual journey continues to flourish, no matter where life takes you.

FEELING OVERWHELMED? HERE’S HOW INTROVERTS CAN FLOURISH IN A NEW COUNTRY
Moving to a new country is exhilarating, but for introverts, it can also be incredibly overwhelming. Discover practical strategies to navigate cultural differences, build meaningful connections, and find your footing as an introvert thriving abroad.