10 Countries to Live Outside the US That Are So Cheap You Could Quit Your Job
In recent years, the notion of retiring early or quitting the daily grind to live abroad has become increasingly popular. With the rise of remote work, online businesses, and a growing number of people seeking an affordable and fulfilling lifestyle, many have found that they can live more comfortably and with more financial freedom in countries other than the United States. Whether you’re tired of high living costs, yearning for a new adventure, or simply looking for an affordable haven where your dollar stretches further, there are numerous countries around the world that offer a much lower cost of living. Here’s a look at the top 10 countries where you could quit your job and live comfortably on a budget.
1. Mexico
Mexico has long been a top destination for Americans seeking a more affordable lifestyle. Located just south of the border, it offers a variety of landscapes—from bustling cities to tranquil beach towns—catering to different preferences. The cost of living is significantly lower than in the U.S., with affordable healthcare, inexpensive dining, and rent prices that are a fraction of those in major American cities.
A comfortable lifestyle can be achieved for as little as $1,500 to $2,500 per month, depending on your location. Cities like Puerto Vallarta, Mérida, and Mexico City offer expat-friendly communities, vibrant culture, and a relaxed lifestyle. In addition, the warm climate and rich history make Mexico a popular choice for those seeking a life of leisure while staying within budget.
2. Portugal
Portugal has been growing in popularity among digital nomads and retirees due to its low cost of living, gorgeous coastline, and warm Mediterranean climate. Lisbon and Porto are the two major cities where expats tend to congregate, but small towns like Cascais or the Algarve region offer a more affordable and quieter lifestyle. Rent can be as low as $600 a month for a one-bedroom apartment, while meals at local restaurants can cost as little as $10.
Portugal also boasts an excellent healthcare system, a relaxed pace of life, and a growing startup scene. The country’s Residency by Investment Program, known as the Golden Visa, also allows foreign nationals to live, work, and study in Portugal with relatively low financial requirements. This makes it an attractive destination for anyone looking to leave the U.S. and still enjoy modern comforts on a budget.
3. Thailand
Thailand is a favorite among expats, particularly for those seeking a more laid-back lifestyle in an exotic setting. Cities like Chiang Mai, Bangkok, and the islands of Phuket and Koh Samui offer great value for money. You can live comfortably on around $1,200 to $2,000 per month, which includes rent, utilities, food, and even occasional luxury items.
In addition to being affordable, Thailand is also a hotspot for digital nomads due to its thriving online community, strong internet infrastructure, and great co-working spaces. With its beautiful beaches, warm weather, and rich culture, Thailand offers the perfect backdrop for those looking to escape the high costs of living in the U.S. without sacrificing comfort or convenience.
4. Vietnam
Vietnam has seen a steady rise in popularity over the past decade as an affordable destination for both short-term and long-term expats. Cities like Ho Chi Minh City and Hanoi offer incredible value for money—affordable rent, cheap street food, and low-cost services. Rent can cost as little as $300 to $600 per month, and eating out at a local restaurant typically costs less than $5 per meal.
Vietnam’s low cost of living combined with its fascinating history, welcoming locals, and vibrant culture make it an appealing destination for anyone looking to step away from the high-pressure environment of the U.S. Whether you’re interested in working remotely or simply enjoying a laid-back life with minimal financial strain, Vietnam presents an excellent opportunity.
5. Colombia
Colombia has emerged as one of the most attractive destinations for expats, particularly for those looking for an affordable place to live in Latin America. Cities like Medellín and Bogotá boast low living costs, friendly locals, and great weather year-round. Rent in Medellín can be as low as $400 per month for a one-bedroom apartment in a decent neighborhood, while dining out at local restaurants can cost as little as $5.
Beyond the cost benefits, Colombia offers a rich cultural experience, picturesque landscapes, and an emerging expat community. Whether you prefer the hustle and bustle of city life or the tranquility of Colombia’s countryside, this South American country offers great value for money.
6. Philippines
The Philippines has become a haven for expatriates seeking affordable living in a tropical paradise. With over 7,000 islands to choose from, expats can enjoy pristine beaches, lush landscapes, and a low-cost lifestyle. Cities like Cebu, Davao, and Manila offer a variety of amenities, and rent can cost as little as $300 to $500 a month. Additionally, food is inexpensive, with street food and local restaurants offering meals for less than $2.
The Philippines also boasts a large expat community, particularly from the U.S., making it easy for newcomers to integrate. English is widely spoken, which makes it easy to communicate and navigate daily life. The affordable cost of living, coupled with beautiful surroundings, makes the Philippines a top choice for those looking to live abroad without breaking the bank.
7. Ecuador
Ecuador offers a perfect balance between affordability and quality of life. Expats flock to cities like Quito and Cuenca, where the cost of living is much lower than in the U.S. Rent in Ecuador can be as low as $400 per month, and meals at local restaurants typically cost under $5. With a pleasant climate and an array of outdoor activities like hiking and visiting the Galápagos Islands, Ecuador provides an idyllic setting for those seeking a more affordable life.
Ecuador also has a well-established expat community, and the country’s healthcare system is both affordable and high-quality. For retirees, Ecuador offers a special “Pensioner Visa,” which requires proof of a monthly income of just $800 or more—further emphasizing the affordability of living in this South American country.
8. Nicaragua
Nicaragua is another country in Central America that has become a popular destination for expats looking for a cheaper life abroad. The cost of living here is extremely low—expats can live comfortably on just $1,000 to $1,500 per month. Housing, food, and transportation are incredibly affordable, and Nicaragua’s natural beauty, including beaches, volcanoes, and jungles, adds to its charm.
Cities like Granada and León are particularly popular with expats due to their colonial charm and slower pace of life. Nicaragua also offers a Residency Program for retirees, which allows foreigners to live in the country for extended periods at very low costs.
9. Spain
Spain, particularly regions like Andalusia, Valencia, and the Canary Islands, offers an incredible combination of affordable living, great weather, and rich culture. Although larger cities like Madrid and Barcelona are more expensive, you can live well on a budget in smaller cities or coastal areas. Rent can range from $500 to $800 per month, and local food and drinks are reasonably priced.
With a strong public healthcare system, friendly locals, and an inviting atmosphere, Spain is an ideal location for expats looking to retire early or live without the pressure of high living costs. The slower pace of life, especially in rural areas, adds to Spain’s allure as an affordable European destination.
10. Indonesia
Indonesia, particularly Bali, has long been a favorite destination for digital nomads and expats seeking an affordable lifestyle in a beautiful tropical setting. Bali’s cost of living can be as low as $1,000 per month, with rent for a modest villa or apartment ranging from $300 to $600 per month. Street food and local restaurants offer meals at very low prices, and the country boasts stunning beaches, rich culture, and lush jungles.
Bali’s expat community is large, and English is widely spoken in tourist areas. With the growth of co-working spaces and excellent internet connectivity, it’s no surprise that many remote workers and entrepreneurs flock to this island paradise.
Conclusion
Living abroad can be an exciting and rewarding experience, particularly when you can enjoy a higher quality of life while spending less money. From the tropical beaches of the Philippines to the charming cities of Portugal, these 10 countries offer affordable living and the opportunity to experience a different culture without sacrificing comfort. If you’re thinking about quitting your job and relocating to a more affordable destination, any of these countries would be an excellent choice for achieving financial freedom while enjoying a fulfilling lifestyle
