7 most budget-friendly countries to call home

Looking for an affordable yet high-quality lifestyle abroad? These seven low-cost countries offer a perfect balance of affordable living and a rich cultural experience, making them ideal destinations for expats. From vibrant cities in Mexico and Colombia to the serene landscapes of Ecuador and Costa Rica, each location promises a unique opportunity for those seeking adventure, financial freedom and an improved quality of life.

Whether you’re drawn to the tropical beaches of Thailand or the European charm of Georgia, these countries deliver exceptional value without sacrificing comfort. Discover how you can live comfortably abroad, all while stretching your savings further than at home.

*Please note that all amounts are referenced in USD.

7. Mexico

Close to the U.S. with a vibrant expat community, Mexico offers a low cost of living, especially in cities like Mérida and Guadalajara. Mexico is significantly more affordable than the U.S., with the overall cost of living averaging about 46% lower, and rent prices being approximately 65% cheaper. In cities like Mérida and Guadalajara, overall monthly expenses can fall between $600 and $2,000, making it a top choice for Americans seeking an economical lifestyle close to home.

6. Vietnam

Vietnam offers an affordable lifestyle, with living costs about 59% lower than in the U.S. and rent averaging 78% less. In cities like Ho Chi Minh and Hanoi, a single person can live comfortably on a budget as low as $459 per month, while a middle-class couple’s lifestyle can cost less than $1,300 monthly, even in the country’s most expensive areas.

Vietnam offers a rich cultural experience, beautiful landscapes, and a growing expat community, making it an ideal destination for those seeking adventure and financial freedom.

5. Ecuador

Ecuador is highly affordable, with rental costs significantly lower than in the U.S.; in cities like Cuenca and Quito, monthly rent can be as low as $300. A couple can enjoy a comfortable lifestyle for under $23,000 annually, covering a nice apartment, frequent dining out, healthcare, a weekly housekeeper and even car ownership.

4. Thailand

Living in Thailand offers a laid-back, tropical lifestyle with a rich cultural experience, from vibrant street markets to serene temples, making it an ideal place for those who enjoy a mix of adventure and relaxation. Thailand is an affordable destination, especially in cities like Chiang Mai, where monthly living costs can fall below $1,000, covering rent, food and transportation. While rent ranges from $650 to $3,000 depending on lifestyle and location, utilities cost about $62 per month on average — a significant savings compared to $178 in the U.S.

3. Costa Rica

Living in Costa Rica offers a high quality of life with beautiful natural surroundings, including beaches, rainforests, and volcanoes, allowing for a peaceful and active lifestyle. The country’s “Pura Vida” culture promotes a relaxed pace of life, complemented by affordable healthcare and low living costs, making it an ideal destination for those seeking a balance of nature, comfort and community.

Costa Rica offers a lower cost of living than the U.S., with average monthly expenses around $1,073 compared to $2,317 in the U.S., making it especially appealing for expats looking to stretch their savings.

2. Georgia

Living in Georgia offers a unique lifestyle with a blend of European and Asian influences, providing access to both vibrant cities and peaceful rural areas. Georgia (nestled between Europe and Asia) is an affordable and budget-friendly country for expats, with a low cost of living that averages around $616 per month for a single person, excluding rent. In Tbilisi, the cost of a one-bedroom apartment is about $760 in the city center, dropping to $500 outside, and living costs like utilities and food are significantly lower than in the U.S., making it budget-friendly without sacrificing comfort.

1. Colombia

Living in Colombia offers an exciting lifestyle with a vibrant culture, rich history, and beautiful landscapes, from tropical beaches to lush mountains, perfect for outdoor enthusiasts. Cities like Medellín provide affordable living, warm weather year-round and access to excellent healthcare, making it an ideal destination for those looking for a high quality of life at a lower cost. Monthly expenses typically range from $1,000 to $1,600, allowing for a comfortable lifestyle. In cities like Medellín, rent can range from $300 to $700 depending on location, while utilities like electricity can be as low as $21 per month, making it a popular choice for those seeking high quality of life at a fraction of U.S. costs.