Home Retirement How Much It Costs To Retire Abroad In These 33 Locales

How Much It Costs To Retire Abroad In These 33 Locales

TristaJanuary 13, 2020
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. 


“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.