10 Cheapest Places to Live Overseas

If you’ve ever wondered how it’s like to move and start a new life somewhere overseas, this is the list for you – 10 cheapest places to live overseas. It can have a tremendous impact on your quality of life, your personality, and the well-being. Several factors scare people who consider moving overseas – the language barriers, the new environment, and of course, one of the most influential ones, the money.

We talked about 10 cheapest countries to live in the world before, and today we speak of those opportunities even further. We will discuss the particular places in countries that are already proven to be among the cheapest to live. When choosing to retire overseas, you’ll get to enjoy more for the less money in these places – when you get over the stress of moving to live in a new, exotic environment.

To rank the places today, we’ve considered many different websites that write about living overseas, including Everything Overseas and Live And Invest Overseas. We gathered as much information about the costs that we could find, and calculated the average monthly costs in order to create the final ranking of cheapest countries to live overseas. We must state that countries can have both cheap and expensive places to live in, depending on the structure and quality of life in those places. Several factors influence the quality of life, such as the prices of rent, gas, electricity and telephone, costs of an average meal in the restaurant, groceries and purchasing power of the local population. The average price is further influenced by the monetary unit power as well; the calculations brought us to the final ranking metrics that are shown in approximate monthly expenses.

Let’s see which are the 10 cheapest places to live overseas, so you can consider them when you’re on the search for your new destination.

10. The Algarve, Portugal – $1,300

Algarve, Portugal is home to more than 100,000 foreign residents. People choose this place because of its peaceful and laid-back style of life. The town’s rich social life includes many sports activities, cultural and gastronomic experiences. Algarve is a great place for a couple who enjoys to be outside and stay active all the time. Three “S” define Algarve the most – Sun, Surf, and Sand. The average cost of living in Algarve for a month is around $1,300.

9. Las Tablas, Panama – $1,250

Las Tablas, Panama is one the most peaceful towns in this country – a beautiful place to relax for a couple who wants to enjoy a stress-free retirement. The locals are friendly, and it would be easy to find new friends. The town is considered a Carnival Central in the area. Las Tablas is the perfect getaway – the traditions and folklore, a party reputation, and an excellent climate will make you return over and over until you decide to move here.

8. Mendoza, Argentina – $1,200

Mendoza is not only one of the 10 cheapest places to live overseas – it is also offering an Old World lifestyle for the ones who enjoy good wine. Mendoza is about two hours or less from Valle de Uco, one of the largest wine areas in Argentina. There are a couple of advantages of living in this city, besides of good wine – unique natural beauty, fresh air, and over 300 days of sunshine every year. If you like sports, you will be pleased to know that you can enjoy hiking, climbing, kayaking, and even kite-surfing in this gorgeous city. Monthly expenses around $1,200 are definitely tempting.

7. Phnom Penh, Cambodia – $1,100

Cambodia is known worldwide for the affordability and the natural beauty. Phnom Penh is situated on three rivers, the Tonle Sap, the Mekong, and the Bassac. The town is growing rapidly with the current population of 2.2 million. Phnom Penh is also known as the Gem of Indochina. Fascinating architecture and stunning riverside promenade make this town one of the most beautiful in Cambodia. Three words describe Phnom Penh, and those are: food, art, and shops; and for $1,100 for a month on average, you’ll have a great life here.

6. Granada, Nicaragua – $1,050

Granada is one of the oldest cities in America. Conquistador Francisco Hernandez de Cordoba found it in 1524 and created this town to be an elegant and magnificent twin sister of Granada in Spain. An impressive history of this city makes it, even more, interesting and beautiful. The beauty of this city reflects the imperial power of Spain during that period. The numerous churches in different architecture style provoke awe and cheap living allures more and more people every year.

5. Phuket, Thailand – $1,000

 Thailand’s Phuket Island is famous all around the world for its sandy beaches and the warm Andaman Sea. Everything about Phuket is calling you to come and enjoy in its beautiful nature. There are many unique communities with friendly locals on this island. You won’t feel lonely at any time, since English is well used here, and there is a significant foreign population living on the island. Making friends will be easy here since Phuket provides a great social life with many restaurants and cinemas.

4. Bucaramanga, Colombia – $1,000

Colombia is considered to be a rising star when it comes to the Western Hemisphere, and Bucaramanga has the fifth biggest economy in this country. The city has 1.2 million people, and it’s nearly big as Las Vegas. Bucaramanga is famous as the City of Parks (Ciudad de Los Parques) with around 160 parks. The cost of living in Bucaramanga is very affordable and for $1,000 on average, a couple should be more than satisfied.

3. Ipoh, Malaysia – $900

Great environment, beautiful nature, lots of heritage sites and monuments to explore – Malaysia is a heaven for travelers. Ipoh is the location of dreams, with a relaxed lifestyle, quality of life, and environment that affect positively on health. The foreign language barrier is not an issue here, as the locals speak English. When you talk about Ipoh, fantastic food is a first thing that comes to mind – you’ll enjoy full-size, beautiful meals for a fraction of the cost of a regular meal in the US.

2. Dumaguete, Philippines $850

Dumaguete has a pleasant and friendly English-speaking population, and a warm and tropical climate perfect for outdoor activities. The town is positioned alongside with the ocean, and there are many beautiful beaches to the north and the south side of the town. Dumaguete is a student’s center, with a generous offer of affordable restaurants. A significant and developed expat community is helping travelers have the best experience of the city, and you’ll have a warm welcome there. Life in Dumaguete costs for $850 a month, and it will be a life of commodities and quality.

1. Nha Trang, Vietnam – $750

Nha Trang is a multi-cultural, well-developed center in Vietnam where you’ll have a possibility to live high-quality life for a fraction of the cost. A big number of the Vietnamese population is fluent in both French and English, making communication much easier. This town is the picture-perfect place to settle at an affordable cost, and Nha Trang deserves to be number 1 on our list of the 10 cheapest places to live overseas. Experiencing the beautiful nature, turquoise sea, and a tropical climate will make you fall in love with this place.