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5th place – Argentina
Argentina offers many advantages for expats. The country boasts stunning natural diversity, a relaxed and family-oriented lifestyle, rich culture, and a variety of visa opportunities.
The cost of living in Argentina is significantly lower than in the United States. Expenses for kindergartens, public transport, and alcoholic drinks are very affordable. Apartment rent in Argentina is almost 75% less than in many other countries.
Argentina is also known for its reasonably priced culinary scene. For instance, a small baked empanada (meat pie) costs less than $1, a cappuccino is under $2, and a large restaurant pizza is approximately $10.
Many expats find they can live comfortably in Argentina on $1000–1300 per month. A family of two can live on about $1500–1800 per month.
4th place – Vietnam
Vietnam is a beautiful country for expats to live. The cost of living there is considerably lower compared to the UK and the US. In Vietnam, you can live comfortably with $500 per month. However, the cost of living varies based on the city or region you choose. Cities like Ho Chi Minh City and Hanoi have higher living costs but also offer higher salaries. Renting a small apartment costs approximately $250. Dining out ranges from $1 to $3 per meal, while fast food starts at $0.50.
3rd place – Nepal
Nepal is known for being one of the most affordable countries in the world in terms of monthly expenses. The standard of living in Nepal is relatively low, and people tend to live simply. There are not many options for nightlife or shopping.
Food prices vary based on the type of establishment. A meal at a budget-friendly restaurant in Nepal costs around $2, which is quite affordable. However, dining at a tourist-oriented restaurant will be more expensive, with prices starting at $5 per dish. Cooking at home is a great way to save money, as most basic food items cost less than a dollar.
Public transportation is not well-organized but is very inexpensive. A one-way ticket in any direction costs only $0.18, and a monthly pass is priced at $8.
If you’re looking to rent an apartment in the city center, the average cost is around $140 per month, which is notably cheaper than most other countries in the world. A comfortable lifestyle in Nepal typically costs around $500 per month for one person.
2nd place – Bolivia
Keep in mind the following information: Bolivia is attractive to expats due to its natural beauty and friendly local population. In this country, you can choose to live near the jungle or atop the Andes. The region also boasts numerous colonial cities.
Living in Bolivia is significantly less expensive than living in developed countries. For just over $500 a month, you can live comfortably and even visit certain establishments. Most Bolivians typically spend only $150 per month.
A high-quality bottle of locally produced table wine costs less than $3, and one-way air tickets between cities can be purchased for as little as $27. Taxi fares start at 75 cents, and you can have lunch at a restaurant for just $2.
1st place – Indonesia
Indonesia has the lowest cost of living in the world at approximately $340 per month. However, prices in urban areas are higher than in rural areas, and costs largely depend on one’s lifestyle.
Jakarta, Indonesia’s bustling capital, boasts a relatively low overall cost of living compared to major Western cities. On average, Jakarta is 60% cheaper than London or New York, 40% cheaper than Berlin, and 50% cheaper than Melbourne. Additionally, it is more than 50% cheaper than neighboring Singapore.
Eating out in Jakarta is affordable, with a three-course lunch for two at a mid-priced restaurant costing less than $20. However, alcohol is typically expensive in Indonesia, with imported wine priced at around $25 per bottle.
Public transportation is inexpensive (though crowded), with individual rides costing approximately $0.25 and a monthly pass priced at $12. Taxis are also relatively cheap. Therefore, Indonesia can be a great choice for those seeking the most affordable country to live and work in.
