Looking for cheapest places to live in the world? Whether you’re looking for a place to retire abroad, getting tired of modern city life with high cost of living, you’re not alone. There are some best places and contries where you can get the most use of your money for a short-term vocation or a permanent relocation. Here are the top 10 most affordable places to live in the world, where you can spend least while enjoy quality life.
Cheapest Places to Live: Overview
When considering cheapest place to live in the world, cost of living is without doubt the paramount factor to take into consideration. However, to embrace a life with a slower pace, a kinder community, and richer experiences, factors like culture, safety, healthcare, and more infrastructure should not be ignored.
Taking these factors, together with latest data from Numbeo and Expatistan, here is the list of the top 10 most affordable places to live:
| No. | Place | Cost/Month | Highlights |
|---|---|---|---|
| 1 | Portugal | $1,200–$1,500 | Safe, excellent healthcare, EU residency, vibrant culture |
| 2 | Vietnam | $800–$1,000 | Low-cost healthcare, thriving expat communities, scenic landscapes |
| 3 | Mexico | $1,000–$1,200 | Warm climate, rich culture, modern amenities |
| 4 | Malaysia | $1,000–$1,300 | Top-tier healthcare, English-speaking, diverse cuisine |
| 5 | Thailand | $900–$1,200 | Affordable healthcare, digital nomad hubs, lush nature |
| 6 | Colombia | $900–$1,100 | Spring-like climate, modern infrastructure, friendly locals |
| 7 | Ecuador | $1,000–$1,400 | Low crime, senior-friendly, UNESCO sites |
| 8 | Georgia | $800–$1,000 | Tax incentives, visa-free stays, Caucasus mountain access |
| 9 | Indonesia | $1,000–$1,500 | Tropical lifestyle, coworking spaces, wellness culture |
| 10 | Hungary | $1,100–$1,400 | Central Europe access, thermal baths, historic charm |
10 Cheapest Places to Live in the World
Want to get more details? Let’s unveil these most affordable countries to live in together and find the one that suits you best!
1. Portugal
- Monthly Rent: $500
- Monthly Cost: $1,200–$1,500
- Where to Move: Algarve, Porto, Cascais, Braga
Portugal is not the cheapest country to live in terms of cost of living, but it benefits from many other aspects that will bring expats a high quality of life. The pleasant Mediterranean climate brings long summers and mild winters with over 300 days of sunshine yearly, perfect for enjoying the stunning beaches. Portugal also ranks 7th on the 2024 Global Peace Index as one of the safest countries in the world.
The cost of living here is 37% lower than in the US, and also generally lower than in other European states. And as a member of the EU, you will enjoy excellent healthcare, abundant entertainment options, high-quality education, and widespread English.
Who Is the Country Best For?
- Portugal is an ideal destination for Retirees if you’re seeking a safe, warm, and culturally rich European lifestyle, often leveraging the D7 Passive Income Visa.
- With the new Digital Nomad Visa (D8) , Portugal is also a top choice for Digital Nomads and Remote Workers, together with its excellent infrastructure in cities like Lisbon and Porto, and a high quality of life.
- Families also appreciate the country’s safety, high-quality healthcare, and access to the European Union.
2. Vietnam
- Monthly Rent: $300
- Monthly Cost: $800–$1,000
- Where to Move: Da Nang, Hanoi, Nha Trang, Da Lat
Vietnam is usually listed as the cheapest place to live in the world with affordable cost of living that is 65.6% lower than in United States. Expats will also enjoy nice weather and various amazing local food. The country is usually considered safe with low crime rates and locals are friendly although language barries may exsit.
Many schools will look for English teachers, offering plenty job opportunities for expats. Of course, the chances of natural disasters like typhoons, floods, and droughts are negligble in Vietnam.
Who Is this Country Best For?
- Vietnam is always among the top choices for Budget-Conscious Digital Nomads and Young Expats with an extremely low cost of living, vibrant street life, and a strong sense of community in cities like Hanoi and Ho Chi Minh City.
- Vietnam is less suitable for traditional Retirees due to the lack of a dedicated retirement visa, but it remains popular with those who can manage regular visa runs and prioritize affordability and amazing food.
3. Mexico
- Monthly Rent: $400
- Monthly Cost: $1,000–$1,200
- Where to Move: Oaxaca, Mérida, Mexico City
Mexico is another one of the most affordable places to live in the world, ranked 2nd in Expat City Ranking 2024 at The Best Countries for Living Abroad. Mexico features a lower cost of living, proximity to the US and Canada, and rich culture. Expats can cost much less while living not too far away from home, with good roads and international airports.
Its diverse culture offers a way of life that is truly unique, especially its renowned festivals like Day of the Dead, and its eating and drinking culture. Places near the countless sugar-sand beaches along the Caribbean, the Gulf of Mexico, the Sea of Cortez, and the Pacific Coast are homes to hundreds of foreigners.
Who Is this Country Best For?
- Mexico is, without doubt, the No.1 option for Retirees from the US and Canada, thanks to its proximity, affordable healthcare, and established expat communities in places like San Miguel de Allende and Lake Chapala.
- Mexico is also getting more and popopular for Digital Nomads (especially in Mexico City and Oaxaca) and Families seeking a rich cultural experience and a relatively easy path to temporary or permanent residency.
4. Malaysia
- Monthly Rent: $450
- Monthly Cost: $1,000–$1,300
- Where to Move: Penang, Kuala Lumpur, Johor Bahru
Malaysia is not only one of the least expensive countries to live in, but also the most popular retirement haven for expats in Southeast Asia.The cost of living in Malaysia is four times cheaper than it is in the US, and the infrastructure are excellent from roads and amenities to connectivity. Malaysia has beaches and islands that is second to none, making it regularly a top 10 best list in the world, along with jungles and parks. Most people here speck English so expats can settle down smoothly.
Who Is this Country Best For?
- Malaysia is perfect for Families and Retirees who desire modern, first-world infrastructure (especially in Kuala Lumpur and Penang) combined with a low cost of living.
- The country’s “Malaysia My Second Home” (MM2H) program is attractive for long-term residents. Besides, its English-speaking, multicultural environment makes for a smooth transition for Expats from diverse backgrounds.
5. Thailand
- Monthly Rent: $350
- Monthly Cost: $900–$1,200
- Where to Move: Chiang Mai, Bangkok, Phuket, Hua Hin
Thailand, a country of mountains, hills, plains, and a long coastline, is also one of the cheapest locations to live. There is a vast amount of places to visit from beautiful beaches and pristine islands to lush green forests and stunning temples. Local People are usually friendly, and many of them love to speak and practice English. The food is pretty unique and often regared as one of the best in South East Aisa.
Cost of living in Thailand is 47% less than in the United States, but its healthcare system is ranked one of the best in the world. Many big cities like Bangkok are well-connected by transit train system called BTS, MRT, SRT Redline, Airport link, etc.
Who Is this Country Best For?
- Thailand is the quintessential destination for Digital Nomads (Chiang Mai, Bangkok) and Retirees (Phuket, Pattaya) alike.
- The country offers a variety of long-term visa options, including the Long-Term Resident (LTR) Visa and the Retirement Visa, leading to a perfect place for those seeking a vibrant, tropical lifestyle with world-class, affordable healthcare.
6. Colombia
- Monthly Rent: $300
- Monthly Cost: $900–$1,100
- Where to Move: Medellin, Gogota, Cali, Santa Marta
Colombia is also one of the most inexpensive countries to live in, due to its affordable cost of living, high quality of life, beautiful landscapes, and moderate weather. A one-bedroom apartment in city centre costs around $390 per month, and outside city centre costs only $260 per month. Food and drink inexpensive especially if you by local products, and transport is also affordable for around $20 per month in major cities.
According to WHO, the health care system in Colombia ranks 22nd out of 191 countries, even better than Canada and the U.S. If you want get a retirement visa, the income threshold is low and the documentation process is strainghforward. The proximity to USA and Canada means many expats do not have to travel far to go home.
Who Is this Country Best For?
- Colombia is rapidly becoming a favorite for Digital Nomads (Medellín, Bogotá) due to its new Digital Nomad Visa, wonderful climate, and low cost of living.
- It is also an increasingly popular choice for Retirees who prefer the high-quality, affordable healthcare system and the spring-like weather of cities like Medellín.
7. Ecuador
- Monthly Rent: $400
- Monthly Cost: $1,000–$1,400
- Where to Move: Cuenca, Quito
Ecuador is a beautiful and friendly country, as well as a one of the cheap places to live in the world. Ecuador boats vast wildlife, natural scenery, and temperate climate, leading to a place home to cultural heritage sites such as the Amazon Rainforest, the Galápagos Islands, and the Sangay National Park. In the Leisure Options subcategory of the Expat Insider 2019 survey, Eciador ranked 6th, with a lively community, diverse traditions, numerous festivals, and vibrant nightlife.
The cost of living is quiet low in Ecuador, ranking 3rd in the Cost of Living Index of the Expat Insider 2019 survey, with cheap housing, local transport, and other services. However, travels can be difficult in the countryside or small town, and there are also no bus stops in even big cities like Quito.
Who Is this Country Best For?
- Ecuador is a long-established haven for Retirees, particularly in cities like Cuenca, due to its low cost of living, affordable real estate, and one of the lowest income requirements for a retirement visa across the world.
- It appeals to those seeking a slower pace of life, a temperate climate, and a strong sense of community.
- Ecuador is also attracting a growing number of Digital Nomads who value the low cost and natural beauty.
8. Georgia
- Monthly Rent: $300
- Monthly Cost: $800–$1,000
- Where to Move: Tbilisi, Johns Creek, Alpharetta
Georgia, located in the Eastern European and next to Turkey, Russia, and the Balck Sea, is a least expensive place in the world to live. In 2024, the cost of living remains one of the lowest in Europe in and West Asia countries, which is 57.7% lower than in United States.
Georgia is the birthplace of wine, and the wine tradition is a vitalpart of local culture. The country also boasts a rich culture with ancient traditions, unique languages, and lively music. You will enjoy both modern city life and rustic village settings in jus a few hours, easily get access to a variety of stunning landscapes from the Black Sea beaches in Batumi to the snowy slopes in Bakuriani.
Who Is this Country Best For?
- Georgia (Tbilisi) is an absolute magnet for Digital Nomads and Entrepreneurs, due to its highly attractive tax incentives (1% tax for small businesses), easy 365-day visa-free stay for many nationalities, and a welcoming, rapidly modernizing capital city.
- It is less common for traditional retirees, but it is ideal for young, location-independent professionals.
9. Indonesia
- Monthly Rent: $400
- Monthly Cost: $1,000–$1,500
- Where to Move: Bali, Yogyakarta, Bandung
Ranked 3rd at Expat City Ranking 2024, Indonesia is widely recognized as one of the most affordable places to live. Expats in big cities like Jakarta and Bali only need to spend around $500 to $600 per month on living costs for a singer person, and with $1,000 you will live a very comfortable life. In 2024, the cost of living in Indonesia is 57% lower than in the UK and 62% lower than in the US.
Indonesia embraces pristine beaches, volcanic islands, lush rainforests and mountains, a major reason aside from its low cost of living that attracts expats and digital nomads. It is also possible to enjoy vibrant nightlife and entertainment like art shows, live music, film festivals, etc. However, it is important to keep yourself safe since life Indonesia may come with a high risk of natural disaster, road traffic accidents, petty crime, and also attacks on political targets.
Who Is this Country Best For?
- Indonesia, particularly Bali (Ubud, Canggu), is the top choice for Wellness-Focused Digital Nomads and Young Expats who prioritize a tropical lifestyle, a strong co-working culture, and health and well-being.
- While there is a dedicated retirement visa, the primary expat demographic is younger, drawn by the vibrant social scene and the possibility of living a luxurious life on a modest budget.
10. Hungary
- Monthly Rent: $500
- Monthly Cost: $1,100–$1,400
- Where to Move: Budapest, Szeged, Eger
Among the cheapest countries to live in, Hungry stands out for its affordable cost of living, safety, quality healthcare, and central Europea location. The cost of living in Hungary is 42.5% lower than in the UK and 47.1% lower than in the US. Hungary is situated in central Europe, offering easy access to both European and Asia countries.
For safety, unlike other listed countries, Hungary is ofen ranked high on global safety index. Also, the country has a universal heathcare system that is 100% free for many citizens, and private healthcare system is also much less expensive than in most countries in Europe. Of course, Hungry also attracts expats and visitors by its rich history and culture, with UNESCO World Heritage sites, and being the cultural hub in Central Europe.
Who Is this Country Best For?
- Hungary is the best country for Students and Young Expats who want to experience Central European life and culture at a fraction of the cost of Western Europe. Budapest is a major university city, making it ideal for those pursuing education.
- It is also a good option for Retirees seeking a low-cost European base with excellent public transport and rich history.
Moving to Most Affordable Countries to Live in
Get intested in these cheapest places to live in the world? Moving to another contry or become a digital nomad can usually be challenging, and it is crucial to think twice before the next move. While there is a wide range of cities and countries with cheapest cost of living, rememer to consider other vital factors, including:
- Visa: Figure out what kind of visa you need to apply and whether it is easy to get a long-term residency or citizenship.
- Safety: Many cheapest cities to live in the world also comes with high crime rate, political turmoils, or natural disasters. Check the safety statistics and expat experiences for recent years.
- Healthcare: Healthcare comes crucial especially when you need it. Check the availability of hospitals and whether it is affordable for expats.
- Infrastructure: From internet and public transit to social services, and more, infrastructure determines what the life can be in a country or city.
- Quality of Life: Aside from infrastructure, other factors like climate, amenities, and envitonment is also vitol parts that will influence your life quality in a new country.
Final Toughts about Most Affordable Places to Live
Our listed cheapest places to live concern not only the affordable cost of living, but also other key aspects that determine your life quality, including safety, natural beauty, culture, climate, healthcare, infrastructure, and more. Securing a suitable place on the list will surely lead you to a totally different life where you can make the most of your money and lead a relaxing life.
When it comes to renting a home in these countries, uhomes.com is a professional platform that provides perfect accommodations in the United Kingdom, the United States, Canada, Australia, and more places. Browse our wide range of housing options with verified information, price-match guarantee, 24/7 assistant, and exclusive offers, find you perfect home away from home.
FAQ
What is the cheapest and safest country to live in?
The country most often cited as the cheapest and safest place to live in is Portugal, according to a combination of 2024 reports on the Global Peace Index and cost of living data. Portugal consistently ranks as one of the world’s safest nations (often in the top 10), while offering significantly lower living costs than most Western European countries, with a single person’s average monthly budget (excluding rent) estimated to be around $600-$700 (€550-€650). Other countries frequently mentioned for their balance of safety and affordability include Slovenia and Malaysia, which also score well on peace indices while maintaining moderate living expenses.
Where is the cheapest place to live?
The cheapest place to live globally is generally considered to be Pakistan, often cited in recent 2024 global cost of living reports due to its remarkably low prices across nearly all major expenditure categories. A single person’s average estimated monthly cost of living (excluding rent) is typically under $300 USD, making it one of the most affordable countries for day-to-day expenses. Other countries that consistently rank among the cheapest are Egypt and India, with very low costs for local goods, food, and public transport compared to international standards.
Which country has the lowest cost of living in the world?
As of 2025, countries with the lowest cost of living include India, Pakistan, and Afghanistan. These countries offer affordable housing, food, and transportation. According to recent data, India is frequently ranked as one of the most budget-friendly nations, with an average monthly living cost around $300 to $500 depending on the city.
Where is the cheapest place to live outside the UK?
Giza and Egypt is among the most affordable places to live outside the UK. Monthly living costs for a single person are approximately £308, with rent being nearly 90% lower than in the UK. However, it’s important to consider factors like political stability and healthcare quality when choosing a destination.
Which is the cheapest English speaking contry to live in?
The cheapest English-speaking country to live in is often cited as India, with some sources suggesting a monthly cost of living around $800 for a single person. Other very affordable English-speaking countries frequently mentioned include South Africa and Guyana, with estimated costs of living ranging from approximately $832 to $834 per month, respectively. These figures provide a broad estimate for moderate lifestyles and can vary significantly based on the specific city, individual spending habits, and exchange rates.
Which is the cheapest European country to live in?
The cheapest European country to live in is frequently reported to be Bulgaria, particularly when considering the costs for rent, groceries, and transportation. A single person’s estimated monthly expenses, excluding rent, are often around $500-$550 (or approximately €460-€500), with rent being significantly lower than in Western Europe. Other very affordable European countries include Romania and Albania, which offer comparably low costs of living, especially outside of their capital cities.
What are the best countries to live in?
The best country to live in is often considered to be Switzerland, which consistently ranks at the top across various indices due to its high standard of living, excellent healthcare, robust economy, and strong political stability. Other countries that are frequently cited in the top tier include Denmark and Finland (often leading in quality of life and happiness reports), as well as Australia and New Zealand, all of which score highly in metrics like health, education, and safety. These rankings typically reflect a comprehensive assessment of factors, including economic stability, social welfare, and overall quality of life.
Which country has the highest cost of living?
The country with the highest cost of living is frequently considered to be Switzerland, particularly according to indices like Numbeo’s 2024 data, which gives it a Cost of Living Index of 101.1 (meaning it’s 1.1% more expensive than New York City). However, some very recent rankings place non-European territories higher, such as the Cayman Islands (94.3 index) and Bermuda (144.1 index in a different 2025 comparison), reflecting their status as island nations with high import and real estate costs. Switzerland consistently remains at the top tier due to its extremely high prices for groceries, non-rent items, and high quality of life.
