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How Much It Costs To Retire Abroad In These 33 Locales

TristaJanuary 13, 2020
Have a local beer for $1.50 while standing barefoot in the sand. Shutterstock.

12. Grenada

It’s easy to lose the time when you are in Grenada, as there are so many places to visit from beaches to jungles. Of course, there are clubs, shops, restaurants, and other places to mingle as well. The most expensive monthly rent in Grenada is over $700, but the average amount of rent is about $550 a month. 

You can find a restaurant to eat for as low as $5 and as high as $7. One pound of chicken breast is a little over $3, and 2 pounds of potatoes is a bit under $2. You can also hire a house cleaner for about $3 per hour. 

Poland is a cheaper place to live than its neighbor, Germany. Shutterstock.

11. Poland

Another country that surprises people for modest living in Poland. One reason is that it’s less known than its neighbor, Germany. However, it is less expensive than Germany and a popular location for tourists. Even in the larger cities, you will spend half of what you usually do in the United States or even Germany. 

You can eat a meal from appetizer to dessert for around $5 and find a 1-bedroom apartment for under $350. You can also visit its history for free or a small entry fee. If you do decide to work, you can find jobs that pay well for the cheap cost of living.

The first wonder of Latin America, Chile, is one of the cheapest places to hang your hat. Shutterstock.

10. Chile

One of the reasons Chile is so cheap is because of its strong economy and happy population. People enjoy where they live, and they don’t tend to feel pressure to work so many hours to make their monthly bills. Of course, if you want to live along the southern Pacific Ocean, Chile is a little more expensive. 

The average amount for rent and utilities is around $600. Groceries will cost you about $200 a month, and a plate to a restaurant is approximately $3 to $5. Most people spend about $50 a month on transportation. The average monthly budget for a single person is a little under $1,000. 

Georgia is a developing country with a new structure going up steadily. Shutterstock.

9. Georgia

No, not the state of Georgia. This area is one of the cheapest places to live in Europe and is often part of the world’s top 10 countries that people miss but they shouldn’t. Georgia is a progressive country with much history. It is rising on the list of must-visit countries. 

The average monthly budget for one person is around $535. Rent is around $300, and this includes utilities and a place to park. You will spend about $15 on transportation, and most people set aside $50 for entertainment purposes. The grocery bill is about $170.

Cambodia often makes the top of the list for one of the cheapest places to live in the world. Shutterstock.

8. Cambodia

Located in the heart of Southeast Asia, people know Cambodia as one of the most affordable places to live in the world. Not only can you view some of the most exotic temples, but you have little islands, gorgeous beaches, and warm weather. 

You can spend the whole day at the golf course for under $65. For an apartment with air conditioning, utilities, parking, internet, and cable television is a little under $300 a month. No matter what you want in Cambodia, you can get it for under half of the price you would pay in the United States. 

Spend $50 on a doctor visit by moving to Laos. Shutterstock.

7. Laos

Laos is not only known as one of the cheaper places in the world to live but also one of the most peaceful and quiet areas. Of course, if you choose to settle in a busy city, you won’t find as much quiet, but there is still a lot of peaceful and beautiful scenery. 

Need a haircut? It only costs you about $3 in Laos. You can spend $7 for two people at a local pub or around $5 at a restaurant. Utilities are a little under $100 a month. To live comfortably, most families spend under $3,000 a month. 

If you still want to work part-time while living cheaply, China is one of your best choices. Shutterstock.

6. China

One of the most surprising places on the list of the cheapest places to live is in China. Because China’s economy is booming, Chinese salaries are some of the highest in the world, but this doesn’t mean the country raises prices. Of course, some cities, such as Shanghai and Beijing, are more spendy than others. 

Living in a cheaper area in China means you spend about $300 on rent for a one-bedroom apartment. You can also get your next meal at a restaurant for around $3 and learn a new language for free. 

Croatia is a newly independent country that is continually growing and developing. Shutterstock.

5. Croatia

Croatia is full of beautiful gothic structures and often considered “The New Tuscany” because of its luxurious properties. The Gothic churches are something that you will never again see in your life, and the weather is incredibly warm, especially on the Mediterranean beach. 

Croatia gained its independence in 1991, which is one reason it’s still reasonably cheap to live there. You only need a monthly budget of about $900 as rent and utilities are about $550. Most individuals will spend about $70 on entertainment, $50 on transportation, and around $200 on groceries. 

You can eat in Greece for about $5 a plate. Shutterstock.

4. Greece

People know Greece as a beautiful country with incredible beaches, culture, ancient history, and nightlife. It’s low on crime and full of friendly residents to keep the atmosphere relaxed. Some of the structures continue to stand after centuries, and you can look out to what seems like the end of the world from the beach. 

A single person can live in Greece for under $1,000 a month. Rent and utilities are about $550, transportation costs a little more than $30, and groceries are anywhere from $150 to $200. Because of the active nightlife, most people set aside $100 for entertainment purposes. 

Another cheap and little known country is Albania along the Mediterranean Sea. Shutterstock.

3. Albania

The largest, and probably the most expensive place to live in Albania, is the city of Tirana. However, it’s still incredibly cheap compared to the largest cities in the United States. The country is always warm, with cozy, sandy beaches and friendly residents. 

At one of the cheapest places in the world to live, a single person only needs about $600 a month. Rent is around $275 with utilities coming in at about $50, if not cheaper. You can go grocery shopping at $170 a month and get anywhere you want for about $15. Most people like to eat out or go to the movies every weekend, and of course, hit a few clubs, so they spend about $50 on entertainment. 

Live among the castles and ancient temples of Romania. Shutterstock.

2. Romania

Romania sits on the Black Sea and a little south of Ukraine. It’s known as a digital nomad’s paradise as the location is one of the cheapest places to live in the world with incredibly fast internet. Most people like to spend their time hiking in the dark woods of Transylvania. 

A single person has a monthly budget of about $700 to live in Romania. Rent and utilities are about $400, groceries are under $200, and transportation is close to $20 a month. Most people spend around $75 on entertainment. 

Thousands of islands make up Indonesia and one of the cheapest places in the world to live. Shutterstock.

1. Indonesia

One of the most well-known islands of Indonesia is Bali, but there are thousands more. The scenery amazes people once they enter Indonesia as it’s made up of mountain tops, volcanoes, rice fields, and jungles. If you are visiting, you can stay in Indonesia for $5 a night.

To live in Indonesia, you only need a little more than $500 a month. Rent and utilities are about $300, and groceries will cost you a little over $100. There is so much to do that you will want to save at least $40 for your monthly entertainment and transportation is about $15. 

Sources:

“Quit Your Job And Live Abroad in 2019: 10 Places So Cheap You Might Not Need to Work.” Laura Begley Bloom, Forbes. January 2019

“The Cheapest Places in the World to Live in 2019.” International Living. January 2019. 

“10 Incredible Countries Where You Can Live for Under $1,000 a Month.” Bruce Northam, Thrillist. February 2019. 

“10 Cheapest Countries to Live and Work.” Jennifer Lachs, Go Abroad. September 2018. 

“Cost of Living calculator.” Expatistan. 

“31 OF THE CHEAPEST PLACES TO LIVE IN THE WORLD: UNDER A $1000!.” Nina Ragusa, Where in the World is Nina. August 2019. 

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