The cost of living in countries like the United States, Britain, Australia or France has skyrocketed in recent years. But, if you’re willing to leave your country and explore life in other areas, there are many countries boast an extremely cheap and low cost of living.
So, if you have the flexibility of living wherever you please, and want to live in a country where the cost of living is the cheapest in the world, check out these 10 countries when planning your next move. Starting with number the number 1 most affordable below:
1. Cambodia
Cambodia may not be the first country that comes to mind when you think of a tropical paradise, but it’s pretty close. The added bonus is that living here is insanely cheap, unlike some other tropical getaways. A luxury home with four bedrooms and a pool would only cost about $600 a month. A decent three bedroom vacation home can be purchased here for just $20,000. And, for only about $2,000 a year, you can also hire a gardener and housekeeper to take care of your property.
2. Ecuador
Ecuador is similar to the United States in many ways, and as a result has become a popular American getaway. They even use the US Dollar for their currency. In this country, it’s cheaper to eat out everyday than cook for yourself on a budget in the U.S. You can even buy a property for around $50,000 and hire someone to tend to it while you’re away.
3. Mexico
Although the country is known for its poverty ridden streets, there are many wealthier areas that provide every amenity you might need. You can live off a mere $700 a month in Mexico, and this includes rent for a nice place, amenities, food, and any sightseeing.
4. Argentina
Argentina has been a popular tourist destination for many years. It has great restaurants, a rich history, and many places to explore. Not to mention, it’s not very expensive to live here. A decent sized home can cost around $139,000, which is relatively cheap in relation to homes in the United States.
5. Vietnam
Vietnam has also become a popular tourist destination in recent years. Although foreigners used to be prohibited from purchasing land in the country, that policy has been revoked in recent years. There are many million dollar luxury homes by the beach, but you can find a modest condo or small home for around $25,000 to $50,000 if you search in the right areas.
6. Thailand
Another popular tourist destination, this country has many places to explore. You can buy a nice condo for around $30,000 and a more spacious home for about $60,000. You can also find many places to eat cheaply, stretching your dollar even further.
7. Bulgaria
Bulgaria is filled with ancient architecture and beautiful landscape. Not to mention, if you earned just $1,500 a month, you’d be considered upper class. Homes can also sell for less than $20,000.
8. Hungary
Hungary is also a popular tourist destination, and those who purchase a vacation home there tend to move there permanently because they love it so much. It’s also extremely inexpensive. A large home only sells for about $90,000, and this includes a decent amount of land.
9. Albania
Albania is sunny and warm all year around, making it a pleasant place to vacation or move to permanently. A large penthouse can be purchased here for just $150,000, which is not terribly expensive compared to prices in the United States.
10. Colombia
In Colombia, you can buy a full sized, decent meal for only $5. Not to mention, the cost of rent is very cheap at just $400 to $450 per month. One thing to be mindful of, though, is that the country tends to zone their neighborhoods based on class. So, if you’re classified in a higher zone, you may end up paying more for things.
Whether you’re looking for a vacation home or a place to move permanently, these countries offer unique landscape, amazing architecture, or beautiful weather at a price that is just right, so you’ll have no buyer’s remorse.
