Cheapest Countries To Live In Every source adds its own spin on the math, which results in slightly different lists. Show Sources. The cost of living considers several necessary expenses that most of us need to live from day to day. The cost of living includes housing, food, childcare, educational costs, transportation costs, and medical costs. Depending on where you live in the world, your cost of living varies. Even within the United States , the cost of living varies from state to state.
Living in New York City, for example, is far more expensive than living in a rural town in Nebraska. A 3,square-feet home with an inground swimming pool in a small town may be the same price as a studio apartment in a big city.
This example shows the differences in the cost of living. Determining the cheapest states to live in is complex as it requires consideration of many factors.
By looking at the cost indices for Groceries, Housing, Utilities, Transportation, Health Care, and Miscellaneous costs, and overall cost of living index can be calculated for each state. The three most expensive states in the U. Mississippi has the lowest cost out of living of all 50 states. Mississippi's cost of living index is At a housing index of This year, the country celebrates 71 years since the abolishment of the army, making it the largest democracy without a military force.
Choose from rainforests, seaside villages and mountain towns. Guanacaste is known for its dry, hot beaches. Around the pristine Lake Arenal , expats live in the hills with lake views. Why: Life is simple in Mexico. Popular spots include the Lake Chapala area and San Miguel de Allende , which are brimming with expats who can make a newcomer feel welcome.
The Cost: Things are much cheaper here than in the United States. Getting a retirement visa to live in Colombia is also quite easy. View of the city of Cuenca, Ecuador, with its many churches and rooftops. Lush, green hills and fertile valleys are the norm.
There are beaches that are warm but rarely muggy and no hurricanes or tropical storms. There are temperate climates in the Andes where you do not need a heating or cooling system. The Cost: Ecuador is good for your pocket.
Since the land produces excellent food, mostly with year-round growing seasons, prices at local mercados are low. Why: Malaysia—a popular expat destination since the late s—is known for its idyllic beaches, seductive islands and some of the most pristine ancient rainforests in Southeast Asia. Expats can own property freehold, there is no inheritance tax and Malaysia places no tax on income earned overseas. For those wanting to live and work in an exotic place, but not pay a fortune, Vietnam is any budget travelers dream.
Vietnam has stunning landscapes to explore, delicious local cuisine for foodies and is also somewhat of an adventure travel destination. The main cities are Ho Chi Minh city in the south, capital Hanoi in the north, and Da Nang in the center of the country.
Most jobs will be found in these cities. Bargain flights from the US can also be found easily, making a trip to Costa Rica even more attractive. Although Costa Rica is more expensive than other countries in the region, such as Guatemala or Nicaragua, salaries also tend to be higher, which makes up the difference.
You might be surprised to find Bulgaria on our list of cheapest countries to live and work, but hear us out. Bulgaria is one of the cheapest countries in Europe to live and has quickly become a favorite among travelers.
Viva Mexico! Why travel further than you need to, when Mexico is just a hop, skip and a cheap flight away for most Americans and Canadians. Mexico has something to offer everyone.
Think Mayan ruins in the jungle, turquoise Caribbean waters and laid-back beach towns on the Pacific Ocean. Oh, and have we mentioned the street food yet? If you avoid tourist traps like Cancun or Playa del Carmen and opt for more local destinations like Merida or Guanajuato, living costs can be a fraction of those in Western cities.
Do you really want to work and live abroad, but worry about getting lost in translation? Worry no more, as there are also some affordable countries where English is spoken, like South Africa— 5 on our list of the best and cheapest countries to live in. Possibly the cheapest English-speaking country to live in is South Africa. Not only can you get by without having to go to language school, but most South African cities also have a high standard of living, similar to Western cities, which will make the transition much easier.
This makes it a strong contender as the cheapest English speaking country to live in! It might not be your typical work abroad destination but working in China can be both very affordable and very lucrative at the same time. Salaries here are higher than in many other Asian countries and the economy is booming, which means that there are plenty of jobs to choose from.
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