Have you ever wondered what the ten cheapest countries to live in the world are? Are you tired of not having enough money to get by and want to feel more wealthy? Well the following list will interest you if so, as we take a trip around the world in order to establish what locations are the most affordable. In other words, if you want to get more bang for your buck, you can always empty your savings account and settle down in one of these ten countries.
Compared to the places we presented in our list of the top 15 most expensive countries in the world, where rent, transportation, food, and other goods are only available at staggering prices, cheap countries have a low consumer price index. In addition, some of the cheapest countries to live in the world are also very attractive destinations, with sandy beaches, a booming nightlife, or an abundance of nature. Hence, they can be particularly desirable places for those who want to feel like they are on a permanent vacation.
Keeping your tight budget in mind, the ten cheapest countries to live in the world surely have a lot to offer, although in general, people might not seem to be doing so well. Since they are affordable, luxury items are also available at a discount, especially in those countries where the exchange rate works in your favor. Hence, people who are looking for a place to live out their retirement and have plenty of savings are especially well-suited to enjoying a life full of abundance and prosperity in these nations.
On the other hand, if you are just simply tired of your everyday life in a big and expensive US city like New York, keep in mind that English teachers are in high demand all around the world. If you want other suggestions on which jobs might allow you to travel to one of these ten cheapest countries in the world, take a look at our list of the 10 jobs that allow you to travel.
Once you have made up your mind on how you will get by, the only thing missing will be picking your destination, so let’s take a closer look at the ten cheapest countries to live in the world.
10. Panama
If you like warm, sunny beaches and tropical rain forests, Panama might just be the right destination for you. Average rent for a 1 bedroom apartment is around $450, while utilities will only cost $75 per month.
9. Guatemala
With monthly rent at only $320, Guatemala is already much cheaper than Panama, despite offering similar climate. Apart from the low cost of everything including transportation, you can enjoy a stroll through the Mayan ruins and enjoy some delicious coffee while in Guatemala.
8. Thailand
If you like the beach but also want a vivid nightlife, Thailand might be the right place for you. Rent and utilities combined will cost you less than $370, which is very cheap considering what this country has to offer. The Songkran festival is just one of the many festivities tourists travel all around the globe to experience.
The seven cheapest countries to live in the world await you on the following pages, don’t miss them.
7. Vietnam
If you consider yourself a foodie, Vietnam has a wide array of locally grown produce that will make your mouth water. Eating out will set you back less than $5 and tips are not expected, making this a great place to visit restaurants on a regular basis. In addition, rent and utilities are only $350 a month!
6. Belize
Another sunny and warm destination for beach-lovers is Belize, located between Guatemala and Mexico. Surprisingly rent is just about the same as utilities, which cost $140 a month. Either way, Belize is cheap, so if you’re tired of the cold, be sure to check it out!
5. Malaysia
Malaysia has a great deal to offer. While rent and utilities will cost you less than $280 combined, there are more than enough places to spend your remaining money. The Times Square Mall for example boasts 15 floors packed full of stores, where you can acquire just about anything at very affordable prices.
4. Albania
Unlike the countries mentioned previously, Albania is not quite as warm and sunny, and is surely a challenging place to live. If you want to trade in comfort for history and an exciting culinary experience, while spending less than $200 on rent, Albania is the place to head.
3. Nicaragua
If you want to stretch your savings, Nicaragua is just the right place. With rent and utilities costing only $190 a month, you will surely get your money’s worth. Central America’s largest country will definitely allow you to upgrade your lifestyle, and maybe even hire a maid three times a week for just $60.
2. India
Culture and history is abundant in India, the birthplace of Gandhi, chess, yoga, and the kamasutra. For less than $400 a month you will be able to cover your entire costs and even get by quite comfortably, while being able to explore everything this highly spiritual nation has to offer.
1. Nepal
The cheapest country to live in, is also a very interesting one for spiritual people who enjoy cultural diversity. With rent and utilities costing around $120 a month, those seeking to learn about eastern spirituality, while getting by on a very low budget, should definitely consider Nepal as their destination.
