5. Vietnam
Cost of living: 40.11
According to International Living, Vietnam that ranks 5th in our list of cheapest places to live in the world on the beach is a really cheap country to live in. Even the more expensive areas like Ho Chi Minh City tend to have cheap rates on food, rent, and basically everything you would need. What’s even better is the cost of living rates even get lower when you get to the beach towns. One of its famous beach towns is Hoi An, where you’ll feel like you’re back to the old ages with its old-fashioned pagodas and temples. They say couples spend a rough $1,000 for a decent home, weekly housekeeping, and good food.