Relocating to a new country can be an exciting way to shake up your routine, experience a different culture, and stretch your budget further than you might at home.
In recent years, more people have been looking at places around the globe where monthly expenses — rent, food, utilities, healthcare, and leisure — add up to less than $1,500.
While many destinations offer the potential for a lower cost of living, you’ll still want to consider location-specific factors such as climate, local language, visa requirements, and access to healthcare.
While saving money is key, quality of life matters too, right?
Below are 8 countries praised by travelers and retirees for meeting both affordability and livability standards.
Of course, your actual monthly costs will depend on lifestyle choices, location within the country, and personal preferences. But with mindful spending, you can enjoy a comfortable life abroad without draining your bank account.
1. Thailand
Thailand remains a budget-friendly haven, with cities like Chiang Mai offering apartments as low as $300 monthly.
Street food can cost $1 to $2 a meal, so you’ll spend far less on dining than in Western countries. Public transport and motorbike rentals stay affordable, and healthcare is high quality yet budget-friendly, especially in urban areas.
English is widely spoken in tourist spots, easing daily life.
Expect monthly utilities below $100 if you limit air conditioning. Local markets offer fresh produce and cheap essentials, helping you stretch each dollar.
If you crave weekend getaways, budget airlines connect you to stunning islands and neighboring countries.
While long-term visas can be tricky, many digital nomads rely on tourist visas or educational ones. Checking guidelines on the Thai embassy site ensures you pick the right path.
2. Vietnam
Vietnam has gained massive appeal for cost-conscious travelers, especially in Ho Chi Minh City and Hanoi.
A studio apartment can be rented for under $400, and street food like pho or banh mi rarely exceeds $3.
The Internet is fast and cheap — ideal for remote workers. Public buses or ride-hailing apps cost a few dollars a week, so transportation won’t eat your budget.
Local coffee shops serve quality brews cheaply.
Utilities rarely go beyond $80 a month, especially if you’re mindful of air conditioning. Healthcare is affordable, though many expats buy private insurance for added security.
Smaller cities like Da Nang or Nha Trang can be even cheaper, boasting beautiful beaches and a slower pace.
Check official visa pages, since Vietnam’s requirements can vary based on nationality and intended stay.
3. Mexico
Mexico continues to attract retirees and digital nomads thanks to diverse landscapes and lower costs than in the U.S.
While Mexico City can be pricier, cities like Guadalajara or Mérida offer apartments in the $300–$500 range.
Public transport costs around $0.50 a ride, and a hearty street taco can be just $1. Fresh produce is abundant at local markets, helping you save on groceries.
Healthcare options vary, but large cities have reputable hospitals and clinics. Many expats rely on either national insurance or private coverage.
You can eat out for under $5 a meal at small restaurants, while mid-range dining stays budget-friendly. For weekend fun, bus travel is cheap and safe.
If you plan an extended stay, consult sites like International Living for tips on residency and visa rules.
4. Portugal
Portugal stands out in Western Europe for its relatively low living costs and high quality of life.
Lisbon is pricier than smaller cities, but you can still find a decent one-bedroom for $600–$700 if you avoid tourist areas.
Groceries run about $200 monthly for one person, and dining out can be under $10 for a lunch special. Public transport passes cost around $40–$60 a month.
Healthcare is robust.
EU residents can access the public system, though private insurance is common among expats. English is widely spoken in tourist zones, easing your daily routines.
If you prefer quieter settings, consider cities like Braga or Coimbra, where rent drops further.
For up-to-date residency rules or job-seeking tips, check Expatica or Portuguese government portals before making any big moves. This ensures smooth relocation.
5. Colombia
Colombia has reinvented itself as a safe, budget-friendly haven with stunning scenery.
Medellín, known as the ‘City of Eternal Spring,’ boasts moderate rent around $350–$500 for a decent apartment. Public transport via the metro costs under $1 per trip.
Street food favorites like empanadas or arepas run as little as $1 each. Even upscale dining or cocktails remain cheaper than similar offerings in North America.
Private healthcare is good, with major cities offering modern hospitals and doctors. Many foreigners are eligible for long-stay visas, including retirement or digital nomad categories.
Smaller towns like Pereira or Manizales are cheaper yet still well-connected.
Learning basic Spanish speeds up daily tasks and integrates you into local life. Online forums or the Colombian Ministry of Foreign Affairs can clarify visa steps before you move.
6. Bulgaria
Bulgaria, part of the EU, has a surprisingly low cost of living. Sofia offers rentals at $300–$450 for a modest apartment, while utility bills hover around $100 depending on winter heating.
Local cuisine is affordable, with fresh produce and hearty stews. Public transit tickets cost roughly $1, and monthly passes stay under $30.
Outside Sofia, cities like Plovdiv or Varna can be even cheaper.
English isn’t as widespread, but young Bulgarians often speak it well. Healthcare has improved, though some expats choose private clinics for treatment.
The Cyrillic alphabet is a hurdle, yet mastering basics eases daily tasks. EU citizens enjoy simpler residency rules, but others can apply for longer stays through work or study permits.
Sunny beaches along the Black Sea or ski resorts add to Bulgaria’s appeal.
7. Georgia
Georgia’s affordability, stunning Caucasus Mountains, and friendly visa rules have attracted a surge of digital nomads.
Tbilisi offers a mix of historic charm and modern comforts, with apartments around $250–$400 monthly.
Groceries and dining out are cheap — local delicacies like khachapuri can cost under $2. Public buses and the metro cost under $0.30 per ride. Outside the capital, living expenses can drop even more.
Many travelers enjoy Georgia’s one-year visa-free entry policy, though regulations can shift, so check official sources. Healthcare in Tbilisi is decent, but private insurance is wise if you need specialized care.
Coworking spaces thrive, and the local wine culture is a highlight for social gatherings. Venturing into the mountains for hiking or skiing is accessible by minivans.
Overall, Georgia combines low costs with cultural experiences.
8. Malaysia
Malaysia provides a balance of modern infrastructure, scenic beaches, and multicultural experiences.
Kuala Lumpur is the cosmopolitan hub, yet rent for a one-bedroom can stay around $400–$500 outside prime districts. Hawker stalls sell delicious meals for $2–$3, and even a restaurant meal might be $5–$10.
Public transport is improving, with trains and buses covering most areas. Many urban Malaysians speak English, simplifying daily life.
Healthcare is reputable, with private hospitals matching global standards. Some expats use local insurance or pay out of pocket at reasonable rates.
Penang offers a quieter vibe and street food, while Johor Bahru has easy access to Singapore. Leisure options range from rainforest treks to island hopping.
For extended stays, the Malaysia My Second Home program streamlines residency, but always check official sites for current details.
Bonus tips
Moving abroad successfully means more than just finding low rent.
- Research each country’s healthcare system, climate, and cultural norms to avoid surprises.
- Language barriers can create daily hurdles, but local phrasebooks or apps smooth the process.
- Many destinations host tight-knit expat communities that offer emotional support, job leads, and social events. Seek out these groups before arrival to streamline settling in.
- Budgeting stays crucial too. Always set aside an emergency fund for unexpected costs like medical bills, visa complications, or last-minute flights home. If you plan to earn remotely, verify internet speeds in your target region.
- Look into local coworking spaces or coffee shops where you can stay productive.
- Consider short trial visits before relocating to ensure the environment suits your preferences.
Thorough prep transforms a dream move into a reality.
Conclusion
Choosing an affordable country might seem daunting, but the rewards — cultural immersion, new friendships, and savings — are huge.
Still, thorough research and realistic expectations matter. Verify official visa guidelines, compare rental contracts, and talk to current expats if possible.
Resources like local Facebook groups can offer insights.
Whether you pick Mexico, Bulgaria, or in between, living abroad can provide adventure and growth.
Adapting to new surroundings teaches grit and broadens your worldview.
Keep in mind that everyone’s comfort level differs, so explore options carefully.
Ultimately, the real challenge is deciding which country aligns with your needs. If you stay curious and flexible, the dream of an affordable life overseas can be yours.
