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12 Countries with the Lowest Cost of Living and a high standard of living

The Top 12 Expenditure-Low Countries: As time passes, consumer costs continue to rise, making it increasingly difficult to even make ends meet let alone satisfy excessive demands.

 

With the intolerably high cost of living in the majority of the most popular tourist places, taking vacations is today a privilege reserved for the absurdly wealthy.

But, there are still some nations that allow tourists and immigrants to benefit from first-rate services, stunning vistas, and rich cultures at the most affordable prices.

Those are the nations with the most affordable living expenses.

 

The average cost of the products and services that are part of a generally acknowledged standard level of consumption is referred to as the cost of living.

 

Living in a place with a cheap cost of living has countless benefits, including the ability to save money that would have otherwise gone towards pointless expenses, support a comfortable lifestyle, and take vacations.

Finding a country with a low cost of living starts with avoiding places like Italy and Australia that are expensive. The top 10 nations that you should visit instead are listed below.

 

Vietnam

Vietnam is a well-known exotic area, yet you don’t need to spend a lot of money there to get by. It provides a wide variety of scrumptious treats at affordable costs, as well as several locations for sightseeing. Hanoi and Ho Chi Minh City are the two largest cities in the nation. Although it is simple to get job in these two places, it would be wise to stay away from them because they have a greater cost of living than the less well-known locations.

Popular careers include teaching positions like English teaching. Basic necessities are typically inexpensive in the country; rent for a tiny flat is around $250 per month, and a lunch at a street café costs no more than $2, which is where you must dine if you want to save money. In this nation, public transportation is also quite affordable.

 

Coasta Rica

This is the most popular country at the heart of the Americas. It’s well known for its lush vegetation, inviting beaches and the hospitality of the native people all make for a wholesome ‘Pura Vide’ vibe.

 

When travelling to this country, be sure to go on bargain flights that are more economical so that you start saving even before getting to the country. Attractive salaries also make up for any slight increase in the cost of living. Transportation is cheap and so is rent and food which goes for $2 for a square meal.

 

Bulgaria

Although it might seem like a surprising addition to this list of nations with the lowest cost of living, Bulgaria’s location in Eastern Europe, surrounded by nations with a low cost of living, has won over many tourists looking for affordable places to stay.

 

The culture of this nation, as well as those of its neighbours Greece, Turkey, and Romania, is rich. You can always find jobs in the education and tourism sectors. An apartment with one bedroom typically costs $230 per month in rent. Moreover, transportation and food are reasonably priced.

 

Mexico

Due to its close proximity to both the United States and Canada, this nation should be at the top of travellers’ lists. Just a few of the fascinating features of the nation are the Mayan ruins in the jungle, the Caribbean’s turquoise waters, and the Pacific Ocean’s beaches, as well as mouthwatering street food like tacos and tameles that are both inexpensive and delicious.

Merida or Guanajuato are the best locations to visit because they have lower cost of living than the larger cities. Babysitting jobs are constantly available, and as an added benefit, you can pick up some semblance of the common tongue while working there. Here, a dinner costs as little as $1, while a bedroom apartment often costs $200 per month to rent.

 

South Africa

This option is simple because it is an English-speaking nation, eliminating the need for a language barrier. In reality, this nation is among the least expensive English-speaking nations in the world. It is simpler to integrate into South African society because there is little to no language barrier.

All the same, the country still boasts cultural and natural diversity which are evident in its side attractions like Safaris, ziplining, whale watching, river rafting and so on.

There are mostly job openings in the tourism and international companies.

 

China

This is another seemingly unusual country on this list but you’d find that the country is actually cheap to live in and has a lot of opportunities to make money in considering the population and market available in the country.

 

Furthermore, favorable are the wages given to workers in the nation. Naturally, the cost of living is higher in major cities like Shanghai and Beijing, but this is offset by the higher earnings that are offered there. The nation is well-known for having a rich cultural legacy. While working as an Au Pair, tourists and immigrants can learn Mandarin.

 

South Korea

While this is not exactly a budget-friendly nation in which to live and work, savvy living combined with the delectable wages make up for this and allow one to live cheaply here. Additionally, the majority of jobs in this area offer benefits like free housing, which minimises the rather high cost of living.

Some of the most breathtakingly beautiful cities may be found in this nation. The cuisine is quite delicious, and the folks are incredibly kind. Food and transportation are staple needs that are typically not very high.

 

Thailand

Thailand is regarded as the “Land of Smiles” for a reason. The nation is among the least expensive places on the planet to live. Even in its largest cities, like Bangkok, the cost of living remains reasonable. With its crystal-clear sea, fascinating culture, and delectable cuisine, Thailand as a country is home to some of the most affordable beaches.

In addition, the security is excellent here. Work is simple to come by in the hotel sector. This nation is the go-to destination for frugal people, offering everything from affordable transportation to nearly free meals and lodging.

 

Peru

With unique side attractions like trekking the Inca path, visiting Machu Picchu, the Amazon jungle, and Inca sand dunes, Peru offers you the possibility to live and work on a budget. There is also never a dull time in this country.

For newcomers, there are several job prospects in both the tourism and marketing sectors. One can buy the bare necessities without breaking the bank.

 

Poland

If you’re hoping to live and work in a place with a low cost of living, Poland is another fantastic option to keep in mind. Similar to its neighbor country Germany, this nation is quickly growing in popularity among tourists.

 

The major cities are comparable to other major cities in the west. Customer service positions are among the professions in high demand there. If you are a citizen of the European Union, you are eligible for a free pass because EU citizens do not need a visa to enter this country.

 

Ukraine

A interesting and active country with a wealth of travel opportunities and stunning natural scenery. You can find reasonably priced, up-to-date lodging wherever you go, whether you choose to stay close to the western shore or the city center country.

 

Visitors find Ukraine appealing because of the friendly locals, the mild environment, the reasonable cost of living, the availability of contemporary conveniences and high-quality healthcare, as well as the vibrant and diverse native culture. It is also the perfect destination for anybody wishing to retire cheaply in Europe.

Be prepared to pay about $800 each month if you intend to live in a country like Ukraine for the rest of your life. Everywhere besides the capital will cost you less ($650-$700) to stay.

Nonetheless, alcohol is incredibly affordable in Ukraine.

A bottle of craft beer often costs $2 when purchased in stores. The monthly cost of internet is $8, while the price of a one-bedroom apartment is between $300 and $400.

 

Romania

By regional standards, Romania is a terrific place to live and another affordable European country.

The country has delicious food, a reasonable cost of living, and amazing natural beauty. Because of Romania’s low cost of living, retirees can travel more, discover new interests, and generally live better.

 

Conclusion

You should keep in mind that you have a significant role to play in being able to live on a budget while searching for nations with low cost of living.

If you’re accustomed to lavish living, you must get ready to adjust to life in a low-cost countries.

Moreover, be sure to choose high-paying occupations so you can invest, spend less, and save. Whichever country you choose to visit, don’t forget to have a nice time and appreciate the local cuisine and fascinating sights.

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