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TEMPO.CO, Jakarta - While the cost of living in many parts of the world continues to rise, some destinations remain top contenders for most affordable countries to live in. These most affordable countries are so cheap that they even open the door to early retirement, allowing you to truly immerse yourself in a laid-back lifestyle.
List of the Most Affordable Countries to Live In
The U.S. News, Forbes, and Yahoo! Life have all named Thailand and Malaysia two of the most affordable countries. Other countries worth considering include:
1. Thailand
Thailand is a beloved destination among the most affordable countries to live in, thanks to its diverse landscape, vibrant culture, and excellent lifestyle. Expats and digital nomads will quickly be hooked by how effectively and affordably they can live here. Great healthcare, abundant dining options, and generally inexpensive rental prices are just a few of Thailand's great features.
Top cities: Bangkok, Chiang Mai, Phuket
Average cost of living: 47.3% lower than in the U.S.
2. Malaysia
Southeast Asia is filled with expat gems, and Malaysia is one of the brightest. With relatively low housing costs that blend seamlessly with modern living, you can enjoy the days to the fullest. Malaysia's healthcare is not only affordable, it's world-class. You can effortlessly take advantage of modern amenities at a low cost.
Top cities: Kuala Lumpur, Penang, Ipoh
Average cost of living: 54% lower than in the U.S.
3. Vietnam
Vietnam boasts unbeatable affordability, making it an ideal destination for expats seeking a cost-effective lifestyle. Living here is affordable and rewarding, with delicious and inexpensive food and low rents. Plus, you’ll be surrounded by countless natural beauty and rich history, adding to its allure.
Top cities: Hanoi, Ho Chi Minh, Da Nang
Average cost of living: 59% lower than in the U.S.
4. Indonesia
Indonesia is a tropical paradise brimming with affordable living at every turn. From healthcare and rent to meals, almost everything is incredibly cheap while maintaining a great quality of life. This country is perfect for those looking to live amidst stunning natural landscapes and immerse themselves in rich cultural charm.
Top city: Bali
Average cost of living: 62.4% lower than in the U.S.
5. Panama
Panama is one of the most affordable countries to live in, and for good reason. This attractive destination is highly celebrated for its low living costs, which align perfectly with a high quality of life. The well-balanced lifestyle is further enhanced by endless opportunities for outdoor exploration, along with budget-friendly rent and healthcare.
Top destinations: Azuero Peninsula (Pedasí and Chitré)
Average cost of living: 33% lower than in the U.S.
6. Portugal
Portugal stands out as a top European destination for low-cost living. The weather is pleasant. Expats can enjoy a comfortable lifestyle, supported by a comprehensive healthcare system. Portugal is known as one of the safest countries in Europe, which means you know you're covered.
Top destinations: Northern Portugal (Caminha and Esposende)
Average cost of living: 36.3% lower than in the U.S.
7. Spain
Look no further than Spain if you appreciate a quiet, peaceful lifestyle. Imagine living surrounded by beautiful, diverse landscapes—rolling hills, charming fishing villages, and sparkling coastlines—all while delighting in cost-effective living and access to an exceptional healthcare system.
Top destinations: Northern Spain (Galicia, Asturias, Cantabria)
Average cost of living: 29.6% lower than in the U.S.
8. Mexico
With its inviting proximity to the U.S., Mexico is an excellent option for North Americans seeking a fresh start at an affordable price. Despite its affordability, you’ll still have access to quality healthcare whenever needed. The country’s rich culture and history, combined with beautiful weather, ensure that every day is an enjoyable experience.
Top destinations: Cozumel, Mazatlan, Puerto Vallarta
Average cost of living: 45.3% lower than in the U.S.
9. Greece
Greece isn’t just a typical pleasant place to live in; it’s one of the few countries that pays you to move there. The living experience is almost too good to be true, with low living costs, affordable healthcare, and stunning landscapes. Greece is an even better option because it combines rich culture and modern amenities.
Top destinations: Corfu, Kalamata, Nafplio
Average cost of living: 25.4% lower than in the U.S.
10. Costa Rica
No list of the most affordable countries to live in is complete without Costa Rica. This breathtaking country is renowned for its Pura Vida lifestyle, offering a perfect blend of relaxation and adventure while connecting with nature. The top-notch healthcare system and vibrant food scene further enhance its appeal.
Top destinations: Southern Zone, the Central Valley, the Osa Peninsula
Average cost of living: 21.6% lower than in the U.S.
These countries demonstrate that living abroad doesn’t have to cost a fortune. It’s time to start planning your move and embrace an exciting new life abroad!
Editor's Choice: List of Best Countries with Retirement Visa, Unlock Your Golden Years Here
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