In an increasingly global world, more people are asking themselves: Why not live better for less? Whether you’re working remotely, planning to retire early, or simply seeking a change of pace, moving to a country with a lower cost of living can dramatically enhance your lifestyle without stretching your budget. In 2025, affordable living isn’t just a dream—it’s a smart financial move.
While prices are rising in many parts of the world, there are still destinations where your money goes significantly further. Some might even argue that the cheapest country in the world offers more than just affordability—it offers freedom, culture, and community. But how do we define “cheap,” and where exactly should you go?
What Makes a Country “Cheap” to Live In?
Living cheaply doesn’t mean living poorly. Instead, it refers to places where everyday expenses—such as rent, groceries, transportation, and healthcare—are significantly lower than in places like the U.S., UK, or Western Europe. A cheap country typically has a strong local currency-to-dollar exchange rate, affordable housing, accessible services, and often, a slower-paced lifestyle that reduces the pressure to spend. In fact, some destinations—like the safest country in Europe—manage to offer both low costs and exceptional safety, making them ideal for long-term living.
Benefits of Living in a Low-Cost Country
Living in a low-cost country can open the door to a new level of financial freedom. You can save more, work less, or even retire earlier. Many countries on this list are also rich in culture, have stunning natural beauty, and offer warm communities for expats and nomads alike. Whether it’s sipping coffee on a quiet European terrace or enjoying fresh fruit on a tropical beach, life feels a lot fuller when you’re not burdened by bills.
Quick Comparison: Top 10 Cheapest Countries
| Country | Avg Monthly Cost (USD) | Popular Cities | Visa Options |
| Vietnam | $800–$1,100 | Hanoi, Da Nang | Tourist, Business |
| Georgia | $700–$1,000 | Tbilisi, Batumi | 1-Year Free Stay |
| Mexico | $900–$1,200 | Mérida, Oaxaca | Temporary Resident Visa |
| Colombia | $850–$1,100 | Medellín, Bogotá | Migrant Visa |
| Bulgaria | $850–$1,200 | Sofia, Plovdiv | EU Residence |
| Indonesia | $700–$1,000 | Bali, Yogyakarta | Social/Cultural Visa |
| India | $500–$900 | Goa, Kochi | Tourist, Student Visa |
| Albania | $750–$1,050 | Tirana, Sarandë | 1-Year Tourist Stay |
| Turkey | $800–$1,100 | Antalya, Izmir | Residence Permit |
| Nicaragua | $650–$950 | Granada, León | Pensionado Visa |
Top 10 Cheapest Countries to Live in 2025
1. Vietnam
Vietnam consistently tops affordability lists. You can comfortably live in cities like Hanoi or Da Nang for under $1,000 per month. Food is incredibly cheap and delicious, rent is low, and the country is very welcoming to expats. Downsides? Traffic and occasional visa frustrations.
2. Georgia
Georgia offers visa-free stays for up to a year for many nationalities. Tbilisi has a growing digital nomad scene, stunning mountain views, and low costs across the board. A thriving café culture and fast internet make it an attractive home base.
3. Mexico
From colonial towns to beach cities, Mexico offers variety. Cities like Oaxaca or Mérida provide a safe and low-cost environment with rich traditions, excellent healthcare, and tasty street food. Be cautious with safety depending on the region.
4. Colombia
Medellín has transformed into one of Latin America’s favorite expat destinations. With its spring-like climate, affordable rents, and friendly locals, Colombia offers a high quality of life on a small budget. Just be aware of regional safety issues.
5. Bulgaria
As one of the cheapest countries in the EU, Bulgaria lets you enjoy European living without the high price tag. From mountain towns to beach resorts, it’s an underrated destination for expats and remote workers. Healthcare and infrastructure are improving year by year.
6. Indonesia (Bali)
Bali remains a favorite for nomads and spiritual seekers alike. Affordable villas, cheap local food, and a strong community vibe make it a dream destination—if you can navigate the visa rules. It’s worth noting that tourist areas can be pricier, so inland towns are often better deals.
7. India
India may offer the cheapest cost of living on this list. In areas like Goa or Kerala, you can live for as little as $500/month while enjoying tropical beaches, flavorful cuisine, and a strong cultural experience. On the downside, the infrastructure and pollution can be challenging for newcomers.
8. Albania
Still off the mainstream radar, Albania has it all: Mediterranean beaches, affordable housing, and friendly visa policies. Sarandë, located on the Albanian Riviera, is becoming a hotspot for nomads who want sea views without the price of Greece or Italy.
9. Turkey
Despite recent inflation, Turkey remains incredibly affordable for foreigners. Cities like Antalya or Izmir offer beautiful coastlines, vibrant markets, and rich history. Plus, Turkish cuisine is a delight. Just be mindful of economic and political fluctuations.
10. Nicaragua
Nicaragua is ideal for retirees and budget travelers. With a Pensionado Visa and low cost of living in cities like Granada or San Juan del Sur, you can enjoy a peaceful lifestyle with friendly locals and a warm climate. Infrastructure is basic but functional
Honorable Mentions
Countries like Thailand, Morocco, Nepal, and Serbia also offer great value but didn’t make the top 10 due to challenges such as visa restrictions, internet quality, or safety concerns in some regions.
Tips for Moving to a Low-Cost Country
- Research visa policies thoroughly before making plans.
- Choose your city wisely—urban areas can vary greatly in cost.
- Join expat forums to learn from locals and other foreigners.
- Visit first before committing long-term—try a 1–3 month stay.
- Secure health insurance that works internationally.
Risks to Consider
Cheap living doesn’t always mean easy living. Some countries have underdeveloped healthcare, political instability, or inconsistent services. Always have a backup plan, understand local laws, and monitor currency fluctuations which could affect your budget.
Who Should Consider Living Abroad on a Budget?
- Remote workers wanting a better work-life balance
- Retirees looking to stretch pensions or savings
- Young travelers or students taking a gap year
- Minimalists who value experiences over materialism
Living abroad isn’t for everyone—but for those seeking a simpler, richer life, it can be an incredibly rewarding path.
Living in one of the cheapest countries in the world isn’t just about saving money—it’s about enhancing your lifestyle. In 2025, countries like Vietnam, Georgia, and Mexico are offering compelling alternatives to high-cost Western living. Whether you’re seeking sunshine, simplicity, or new cultural experiences, the world is full of affordable opportunities—if you’re ready to take the leap.
