With the cost of living rising steadily each year, it’s no wonder Americans are being drawn to a more affordable life abroad. Whether they’re bored of their 9-5, looking for somewhere cheap to retire, or simply wanting a new experience, people are leaving the US in droves. If you’re tempted to live luxuriously for less, here are 22 countries that are so cheap, you could even quit your job.
Mexico
From white sand beaches to thriving cities, Mexico offers a wealth of opportunities for expats. For US citizens, Mexico is not only affordable, but it’s close to home, making trips to see family incredibly easy. A couple could live comfortably in Mexico for around $2,000 per month, which includes the finer things in life such as eating out and beach bar hopping.
Panama
Known for its crystal blue waters and lush countryside, Panama is one of the cheapest Central American countries to call home. You can live comfortably here for around $1,000 per month, surrounded by delicious food and stunning landscapes. More expensive countries such as Costa Rica are just across the border, making for unforgettable trips away.
Portugal
While some European destinations are notoriously expensive, Portugal remains affordable. With monthly costs lower than almost half of countries worldwide, Portugal is attracting US citizens to its thriving cities and dramatic coastline.
Spain
While major cities such as Barcelona and Madrid have a higher cost of living, smaller Spanish towns are cheap places to call home. Spain has been attracting sunshine-seeking retirees for decades, drawn to the affordable prices and slow pace of life.
Greece
With daily essentials 20% cheaper than in the US, many people visit Greece for the architecture and beaches but stay for the low cost of living. Outside of major cities like Athens, life is relaxed, and the delicious Greek cuisine is surprisingly affordable.
Thailand
Known fondly as “The Land of Smiles,” Thailand offers beautiful beaches, friendly locals, and luxurious living for less. With the average monthly cost of living between $600 and $2,000, there’s a lifestyle to suit everyone, whether you’re chasing beachside luxury or modest rural living.
Philippines
Made up of over 7,000 islands, the Philippines offers an overwhelming range of locations for would-be expats. What’s more, each stunning destination offers a low cost of living, with rent prices a fraction of what you’d pay in the US. With monthly costs at around $1,000 per month, you can afford to eat out every day, practice yoga, and travel to nearby islands on a whim.
Malaysia
The cost of living in Malaysia is a shocking 58% lower than in the US, allowing expats to live like kings and queens if they wish. From modern cityscapes to palm-fringed beaches, wherever you choose to live will be exciting, culturally diverse, and affordable.
Vietnam
Vietnam has risen from the ashes of military conflict to become one of the world’s biggest tourist destinations. But while tourism is on the rise, the cost of living remains low. Many retirees choose to live in Saigon, a thriving metropolis with access to Western comforts and luxury apartments for around $500 per month.
Cambodia
Known for its stunning temples and sprawling national parks, Cambodia is also one of the cheapest countries in Southeast Asia. With only $1,000 each month, you can live a fulfilled life with access to gorgeous scenery, delicious food, and a thriving community of fellow expats.
Indonesia
Another Southeast Asian gem, Indonesia has been a favorite of digital nomads and nature-loving yogis for decades. Despite its popularity, prices remain low, with the average cost of living around $600 per month.
Ecuador
Outside of the famously expensive Galapagos Islands, Ecuador is relatively inexpensive. While rent prices are higher than in Southeast Asia, consumer costs are 4.8% lower than in Thailand, meaning you can live a comfortable life.
Costa Rica
Visiting Costa Rica as a tourist can be expensive, but living like a local is surprisingly affordable, especially if you choose the location wisely. Opt for one of the digital nomad communities on the country’s Caribbean side for a low cost of living. Here, the beaches are just as beautiful and the expat community is thriving away from tourist centers.
Colombia
With charming Andean towns and thriving urban scenes, Colombia offers an eclectic culture with a low cost of living. Monthly costs are 1.42 times less than the world average, offering expats a high quality of life that won’t break the bank.
Malta
This historic, sun-soaked country is becoming an attractive destination for Americans looking to save money, and it’s easy to see why. The cost of living is lower than the European Union average, giving residents easy access to the famed Mediterranean lifestyle.
Montenegro
This budget-friendly country is as stunning as it is comfortable, with communities of expats living life to the full. Whether it’s city life you’re pining for, or a relaxed coastal town to kick back and relax, Montenegro will shower you with options.
Bulgaria
As the 4th cheapest country in Eastern Europe, Bulgaria is becoming a popular option for US retirees looking to relocate. In Bulgaria, you can enjoy the European lifestyle for less, either in the multicultural hub of its capital or a peaceful seaside village.
France
While the French Rivera and boulevards of Paris are wildly expensive, the cost of living in France varies from place to place. Outside of fashionable areas, France is surprisingly affordable, with monthly costs in lesser-known cities around $1,500.
Nepal
Nepal is an adventurer’s dream location, known for its mountainous terrain and high-altitude escapades. But it’s also an incredibly cheap place to live, with the average monthly cost a measly $400. You can choose to base yourself in the lively, ancient Katmandu, or a lakeside town like Pokhara.
Argentina
Argentina is among the cheapest countries to retire to as of 2024, with an enviably low cost of living and free healthcare. Many retirees are choosing to spend their golden years in sunny Buenos Aires, surrounded by friendly people, delicious food, and cheap rent.
Grenada
Situated in an expensive region, Grenada is one of the cheaper Caribbean islands. It’s unspoiled by tourism and has retained its natural beauty, all while being equipped with Western comforts.
Croatia
Croatia is known as one of the more affordable European destinations, with tourists enjoying the Adriatic coastline without worrying about what they’re spending. The same goes for living there, with areas such as Zagreb and Split offering inexpensive rent.
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