When you travel, there is a long list of costs. And how expensive those costs could be will depend on the location you’re settling (where you live with your home and your regular bill list). If you follow our guide to the top 12 countries with the lowest cost of living in 2024, you don’t need to calculate. The countries we’ve chosen on our list have an index of low prices which is why they have a low price of living.
The joy of living in a luxury country will usually last only a few days. Sooner or later you’ll be a financial burden and struggling to make ends meet. Why wouldn’t it be more beneficial to reside in low-cost countries with wonderful experiences? It is all about selecting the most affordable places to live in prior to making the major move. With our list, you’ll be able to choose a destination to move toward an existence with more luxurious amenities and fewer bills.
12 Cheapest Countries To Live In 2024
1. Malaysia
Malaysia is a paradise in tropical. It has more than 878 islands where you can live on the shores of arid Penang and take in the beautiful blue waters, visit the cityscapes of the island or walk along the coastline. George Town of Penang Island is the cheapest spot in Malaysia in which you can find an ex-pat community that you can acquaint yourself with. It is possible to enjoy the sun or jump into the sea to discover the waters of the stunning Island of Redang.
There’s no shortage in the number of islands and forests in Malaysia. And those who want to live their lives in nature, walking through the forests and taking in the beautiful waters could build a house in Redang or another island. Kuala Lumpur is the capital of Malaysia, and ex-pats who prefer the city lifestyle to the exotic islands can purchase freehold property and have a pleasant living in Malaysia.
The urban or tropical lifestyle whichever you choose is accompanied by a low cost of living. What’s not to love? We decided to add this stunning destination to our selection of the most affordable places to live in.
Cost for living expenses for a person living in Malaysia: $800- $2,000/month
The cheapest cities within Malaysia: are Johor Bahru, Kuala Lumpur, and George Town.
2. India
India is one of the most affordable Asian nations with diverse cultures, delicious street food, and beautiful touristic attractions. The low cost of accommodation and food and tourism draw travelers to experience the Indian lifestyle and life. The Taj Mahal is the UNESCO world heritage site located in India. It has been the subject of awe-inspiring stares from the beginning of its construction, and it brings tourists to take a look all the time. Take advantage of the lively festivals as well as the golden desert.
Explore the Himalayas, relax on beautiful beaches and take in your belly with delicious food without squeezing your pockets in India.
Cost for living expenses within India: $600-$1,000 per month
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The cheapest cities within India: are Hyderabad, Udaipur, Mumbai, Bangalore, and Kochi.
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3. Mexico
Mexico isn’t an exciting destination for tourists and retirees. The low cost and the ease of Mexico attract nomads to its shores. The vibrant atmosphere of Mexico can be enough to refuel your spirit. What’s not to love there? The stunning beaches, the vibrant locals, the bustling town with exotic scenery, delicious meals, and full-of-life Mexico city. San Miguel De Allende is a UNESCO place and is a popular destination for foreigners, tourists, and locals to feel and be a part of the Mexican cultural traditions.
The country provides a thrilling lifestyle with a minimal cost of living. This allows nomads to stay on the streets of Mexico for a time. The passion of backpackers for Mexico made it an option in the top 10 cheapest countries to live in in 2024.
Cost to live in Mexico:$600 – $1,000 $$ / month
The cheapest cities for you to reside in Mexico: are Oaxaca, Puerto Vallarta, Merida, Mexico City, Playa del Carmen, and Guadalajara.
4. Ecuador
Ecuador is a great destination for retired ex-pats and digital nomads looking to unwind in a serene and affordable location. Ecuador’s lush and tranquil valleys, dotted with colonial-era towns are a sight to behold for the eyes. Living in Ecuador can be a refreshing escape from the bustling cities in the event that that’s what you’re seeking.
In the Amazon forests, stunning mountain ranges, coastal villages, and vibrant port cities, it has the most appealing attractions for its citizens and tourists as well. In addition, the colonial architectural style that is the Ecuadorian Andean cities and its historic connection to Inca makes the sound to be more captivating. Because of the affordable price of living it’s one of the least expensive nations to reside in.
Cost to live in Ecuador: $1,000 – $1,500per month
Cheapest cities of Ecuador:Cuenca, Canoa, Quito, and Loja.
5. Thailand
Thailand provides an inviting lifestyle for digital nomads at the lowest cost. It is not just a relaxing lifestyle as well as a lavish one for those who have an average budget. This is because backpackers consider it to be one of the most affordable places to live. The low cost of accommodations and food options leaves enough money to spend on weekends. Amazing culture, beautiful beaches and jungles, lively Thai people with tasty Thai food, incredible festivals, and spas. Being with us in Thailand as an expat will exceed your expectations as it is able to meet your requirements
It is possible to live in Thailand for as little as $1,000 per month. However, you should set aside $1,500 to live a luxurious life as an expat in Thailand as an expat. Additionally, with a minimum of $2,000, you can live a greater than comfortable lifestyle.
The cost of living in Thailand:$1,000 – $2,000 each month.
The cheapest cities in Thailand: are Bangkok, Phuket, Hua Hin, Nakhon Ratchasima, and Chiang Mai.
6. Portugal
It’s safe to say that the idyllic lifestyle of Portugal is what draws many expats to this country of laidback living. The architecture of Portugal is dated to the 16 the up to the 19 century centuries. The timeless ambiance, paired with stunning scenery and friendly Portuguese locals draws nomads to the country’s low-cost economy. When you enter Portugal you’ll find it difficult to leave this beautiful place that is situated in the Atlantic Ocean.
The cost of living in Portugal is affordable, and living the lifestyle is relaxed and relaxed. A perfect temperature, peaceful beaches, rich culture, and excellent quality of life These perks allow tourists to live a low-cost lifestyle throughout Portugal. This is why it is listed in the top ten best countries to reside in.
Cost for living expenses in Portugal: $700 – $1,200/month
The cheapest cities within Portugal: are Funchal, Faro, Setubal, Viseu, Torre Vedras, and Braganca.
7. Greece
If Greece is in your list of the countries with the lowest cost of living in, then prepare yourself. You’ll be stunned by the stunning scenery, and also at a very low cost. It took me to be awed that a nation that has stunning coastal cities can be so cheap. Furthermore, Greece is located in Central Europe, making it easy to access for Americans and Europeans. The gorgeous beaches, welcoming locals, delicious Greek cuisine, and stunning Mediterranean Islands draw the attention of visitors from around the world.
Your lifestyle determines the price to live in Greece. A lavish lifestyle on Islands such as Mykonos can cost around $3,000 per month. In a city that has the smallest number of tourist attractions, like Peloponnese, it is well with a budget of $1,000 per month. If you’re looking to live comfortably on a tight budget Then, inland towns provide a comfortable lifestyle for a small cost.
The cost of living for Greece: $1,000 – $2,000/month
The cheapest cities within Greece: are Athens, Rhodes, Thessaloniki, Corfu, Chania, Patras, Katerini, and Xanthi.
8. Colombia
Colombia is a paradise for retirees and nomads too. It is not only cheaper, however, but it also has an ideal climate and stunning landscapes. Medellin is the second largest city in Colombia, and the locals describe this area as the most fertile in Colombia “the city with endless springs.” The beautiful city is located on the Andes mountain and is an ideal area to reside in Colombia. The diversity of Colombia is what makes it a great area to reside in.
The tropical beaches are blessed with sunshine, while the higher mountains of Colombia provide a cool climate for those who want relief from the heat. However, spring within the Andes mountains is a time to enjoy a well-balanced climate and is something I would love should I decide to remain in Colombia.
Cost for living expenses in Colombia: $1,000 – $2,000/month
The cheapest cities for people to reside in Colombia: are Medellin, Bogota, Mompox, Cali, Pereira, and Santa Marta.
9. Costa Rica
Costa Rica is one of the most affordable countries to live in in Central America. It is a tranquil country that offers peace and security to tourists who wish to relax and enjoy their time in this beautiful place. Much like Colombia the climate of Costa Rica and its landscape are also diverse. Its beaches can be extremely hot and dry, while San Jose, the capital of Colombia is the place to celebrate spring. T
he varied landscapes will offer you many options to choose from. You can choose to stay in the Amazon rainforest, with views of lakes coastal villages, and rugged towns that are surrounded by mountains.
The natural beauty in Costa Rica is exquisite. Add to that the stunning climate, cheap healthcare care, and lovely people, and you will have an exciting lifestyle living in Costa Rica.
Cost for living expenses in Costa Rica: $800to $1,500 per month
The cheapest cities in which to reside within Costa Rica: are Liberia, La Zona de Los Santos, and San Jose.
10. Indonesia
Indonesia has been filled with digital nomads, expats locals, and foreign travelers all year long. What draws travelers to this place? The low cost is accompanied by amazing destinations that are beautiful exuberant, and anything but boring. The beaches with sand exotic jungles, stunning valleys, fields of rice healthy food, and cultural diversity are things you should go to at least once in your lifetime. The fantastic cafes, resorts, and restaurants throughout Indonesia offer delicious food and spaces for digital nomads.
And what can we do to forget Bali Island? The island is home to more nomads than any other island in Indonesia. The country is actually one of the most affordable nations to reside in and experience the diverse beauty of nature, culture, and wildlife and socialize with lovely people.
Cost for living Indonesia: $900- $1,200 per month
The cheapest cities within Indonesia: are Solo, Kudus, Banyuwangi, Probolinggo, Metro, and Yogyakarta.
11. Vietnam
The country of Vietnam is regarded as an exotic destination, but it doesn’t require much money to live there. There are plenty of places to visit and also a variety of delicious food options at affordable prices. The most important cities in this country include Hanoi and Ho Chi Minh. Although you are able to get work in both of them, it is recommended to avoid them because they are more expensive in terms of living than cities that are less well-known.
12. Bulgaria
Bulgaria is thought of as an unplanned addition to the list of countries that have the lowest costs of living however the geographical location in Bulgaria within Eastern Europe, in the middle of countries that have affordable living costs has made it a favorite of many travelers who are looking for a decent living space.
Conclusion:
Traveling makes you feel alive. The experience of embracing different cultures, new ways of life, and living in different locations teaches you things that books cannot. And to continue moving your feet around to new destinations, without draining your savings, it’s crucial to reside in a location that is reasonably priced and provides a high-quality lifestyle. No matter what it is, Malaysia, Indonesia, Costa Rica, or Portugal, and all the other countries that we have listed in this list of least expensive places to live offering high-quality lifestyles and low costs of living.
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