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How Much It Costs To Retire Abroad In These 33 Locales

TristaJanuary 13, 2020
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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