10 Places to Live Abroad so Cheap That You Could Quit Your Job
With the cost of living in the United States soaringMore people are looking for international destinations that don’t cost a lot of money. Some locations are so affordable that you could quit your job or work part-time while still living in luxury.
See: The Safest Places To Retire Outside the US
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International Living published its annual report on the World’s Best Places to Retire You may be surprised at the results. Many of these countries offer beautiful getaways and European hotspots. Although the list is targeted at retirees only, they may also be great choices for those with good savings or who don’t mind living on limited budgets.
Uruguay
The cost of living in America is currently $2,112, with rent per person at an average cost of $1,325 per monthly. Living in the U.S. is not affordable even for those with steady income.
Uruguay is an ideal Latin American destination for those who are tired of the 9-5 grind. It boasts nearly 400 miles of coastline, rolling hills, and four distinct seasons.
At $1,090, the cost of living in Canada is almost half that of the US. International Living notes that apartments can be found in a variety of neighborhoods for as low $500 per month.
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Spain
Spain has it all, whether you’re looking to enjoy the Costa del Sol sun or the vibrant cultural and arts scene of Madrid. This European country has a rich history, great healthcare, and almost every kind of geography.
It costs about $1,141 per person to live in Spain, but it could be higher in more populated areas or on the coast. It will be cheaper to live in Spain than in the United States, even in the most exclusive areas. Also, you will get first-class healthcare which will help you save a lot of money.
Malta
It is possible to be deceived by the appearance of things. One glance at the small island (archipelago), Malta might make it seem like only the elite can afford to live there. The opposite is true. At $1,275 per Month, the island has an amazingly low cost of living.
It is surrounded by the Mediterranean Sea and stunning views. The 360-degree views and the cost of renting a place to live can make it a bit expensive. Food and other goods are much more affordable in Canada than they are in the United States.
France
Now is the time to visit famous museums and eat world-famous food, shop in the best boutiques, or dine at famous restaurants. France is an affordable country for those who can live within a tight budget. Living costs in France are $1,363 which is 1.55 times lower than the U.S.
The country offers low-cost healthcare and unique destinations for expats. They also have villas that are less than $200,000. You might be able to make a living in the country if you have enough savings or are open to working part-time.
Ecuador
Ecuador is a great country for bargain hunters. It’s safe and affordable with a pleasant climate all year. A single person’s cost of living in Ecuador is $750 Ecuador has a lot to offer. There are miles upon miles of beaches, mountains, and rainforests.
The average monthly rent for a single person is $307, which makes housing affordable. Young adults and retirees looking for a more relaxing lifestyle may find it cheaper than in the U.S.
Colombia
Ex-pats flock to Colombia, it is not surprising. It is home to an abundance of biodiversity. The country is located in South America and borders the Pacific Ocean and the Caribbean Sea. The Andes Mountains run through the West, while the Amazon rainforest is to the East.
Colombia has a cost of living that is close to half of what it is in America at $548 per monthly. The cost of rent, food, and transportation are significantly lower than what you would pay in the States.
Portugal
Portugal is a low-priced European option for Americans looking to move abroad. Portugal is smaller than Spain but has a rich culture. Portugal is known for its Old World charm and amazing seaside communities.
You may never need to purchase a car again because of the excellent public transport system in this country. You may never need to work again with the money you’ve saved.
Mexico
While many Americans may be familiar with Cancun or Cozumel as tourist hot spots, Mexico offers much more. Mexico is a dream destination for expats. Mexico is close to the U.S. and offers affordable healthcare. It also has a lower cost of living than the U.S. A single person can live in the county at $713 per monthly. The average rent is only $319.
Mexico is not just a destination for college students on spring break. Mexico is not only known for its white sandy beaches, but also has lush jungles and vast deserts. Americans who are looking for bargains will find that healthcare in the country is significantly cheaper than the U.S. and it is easy to become a resident.
Costa Rica
Costa Rica in Central America is a wonderful place to travel abroad and not drain your savings. Cost of living in Costa Rica is $893, and rent for one person is approximately $406 per monthly.
It is a short flight away from the Southern United States and offers cost-effective healthcare. All reports indicate that the locals are welcoming and friendly to ex-pats. The weather is wonderful, the water warms and the housing is affordable.
Panama
Panama is ranked number one on the best places to retire in the world. This means that it can be an attractive option for those looking to live inexpensively. The cost of living in Panama is half that of the U.S., at $1,040 per person. It’s no surprise it has this title. Rent costs approximately $530 per month, and food costs another $353, but other than that, there are very few expenses.
It is centrally situated, has a mild climate, and boasts world-class beaches. It is fitting that this charming retreat made the list.
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This article was originally published on GOBankingRates.com: 10 Places To Live Abroad So Cheap You Could Quit Your Job