30 Countries With the Lowest Cost of Living in 2025

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Living costs are growing worldwide. Living a high quality of life with access to affordable living costs can be more challenging to find. However, some countries still have low living costs, making it easy for residents to live comfortably without financial strain. These countries are also drawing in many expats seeking new experiences at affordable costs. Here are 30 countries with the lowest cost of living in 2024:

Turkey

Turkey has one of the lowest living costs in the world while also offering residents rich cultural experiences and a high quality of life. Monthly living costs in Turkey are about $800, and residents also have access to affordable housing, food, and transport, which cost less than in Western nations. Expats in Turkey can explore historic sites and dive into the country’s rich culture without breaking the bank. Although inflation is rising, Turkey remains an attractive option for budget-conscious travelers and retirees.

India

India’s affordable housing, food, and transportation costs have enabled it to offer residents one of the lowest living costs in the world. Expats in the country also live comfortably, even on a modest budget, with the average monthly living cost at about $500. The diverse culture and culinary scene can create an enriching and vibrant lifestyle that appeals to many individuals seeking affordable living. Although the country has issues with its infrastructure and pollution, the affordable living costs can make it appealing to many.

Egypt

Egypt is a budget-friendly country where rent and housing costs can be 90% lower than those in the U.S. or the U.K. The groceries and transportation costs are also affordable, making it easy for residents to maintain a low daily budget. On average, the monthly living costs in the country are about $400, making it easy for expats and residents to live comfortably without financial strain. The country’s warm climate, rich history, and relaxed lifestyle create a high quality of life that continues to draw in many expats.

Mexico

Mexico is a great location to live comfortably on a tight budget. Low-cost housing, groceries, and healthcare highlight affordable living costs, making it easy to get by without breaking the bank. Cities like Mérida and Oaxaca, in particular, draw in many expats seeking a high quality of life at low costs. Mexico is an excellent destination for budget-conscious individuals, with an average cost of living of about $900 per month.

Malaysia

Individuals seeking affordability in a country that offers urban living options and modern amenities are drawn to Malaysia. The monthly living cost in the country is about $700, making it easy for residents to live comfortably without stretching their finances. Bigger cities like Kuala Lumpur can be more expensive, while smaller cities like Penang can be even more affordable. The country also offers affordable healthcare, well-developed infrastructure, a diverse culture, and a tropical climate that make living there appealing to many.

Vietnam

Vietnam is considered one of the most affordable countries in Southeast Asia. Living costs in the country average $600 per month, which is among the cheapest in the region. Affordable housing and rent, food, and transport make it easy to keep daily spending low, while the rich culture, vibrant street food options, and welcoming locals create an enriching atmosphere. Cities like Ho Chi Minh City and Hanoi also offer developing infrastructure and modern amenities, making them hotspots for expats seeking urban living.

Philippines

The combination of low-cost housing, food, and entertainment has made the Philippines a top destination for budget-friendly living. Residents have access to diverse natural landscapes, which include stunning beaches and ample opportunities for outdoor living. Places like Cebu and Dumaguete offer peaceful environments and a relaxed lifestyle that draws in people from all over the country. The Philippines also offers affordable healthcare, modern conveniences, and a low cost of living of about $600, making it a great place to live.

Thailand

Thailand is another great location where residents enjoy affordable living and a high quality of life. The country offers diverse lifestyles with options for urban living and more relaxed living with access to stunning beaches and natural beauty. Cities like Chiang Mai and Pattaya offer low-cost housing, excellent street food, and a friendly culture, which appeal to many. The average living costs in the country are about $900 per month, covering housing, utilities, and daily expenses. Thailand also has accessible healthcare and modern infrastructure that enhances the quality of life.

Indonesia

Indonesia’s low living costs, averaging $600, have made it an appealing destination among expats and digital nomads. Rent, food, and local transportation are cheap, and residents also have access to modern amenities in many parts of the country, including cities like Jakarta and Bali. The tropical climate, vibrant culture, and access to stunning natural beauty make it a great place for individuals seeking a high quality of life at affordable costs.

Pakistan

Pakistan is one of the most affordable countries in the world. It provides cheap housing options, inexpensive groceries, and transport, making living comfortably on a budget easy. The average cost of living is about $400 monthly, covering housing, dining, bills and daily expenses. Despite security concerns in some parts of the country, affordable living and warm hospitality continue to attract expats. Cities like Lahore and Islamabad, in particular, offer rich cultural experiences and breathtaking landscapes that draw in travelers worldwide.

Nepal

Nepal offers residents extremely low living costs, with affordable rent, food, and transportation prices. The cost of living for an adult in the country is about $400, making it easy for residents to live comfortably at low costs. Nepal also has stunning landscapes that attract many nature lovers keen on exploring the Himalayas or the lush valleys. Although the country is underdeveloped in terms of its infrastructure, the warm hospitality, rich culture, and budget-friendly lifestyle continue to draw in expats and retirees worldwide.

Bangladesh

Bangladesh’s low rent, housing, and dining costs have made the average monthly cost of living only about $400. The country is much more affordable than most Western countries, making it a top choice for budget travelers and expats. Cities like Dhaka and Chittagong offer an urban lifestyle at highly affordable costs. Although there are various infrastructure challenges, individuals are drawn to Bangladesh’s growing economy, cultural vibrancy, and overall affordability.

Colombia

The average monthly living costs in Colombia are about $700, making it one of the most affordable countries in the world. The cost of rent and housing is significantly lower than that of the U.S. The country offers residents access to fresh and affordable produce, diverse landscapes ranging from beaches to mountains, and an enriching lifestyle. Most places in the country offer a high quality of life at a fraction of the costs of Western countries, appealing to expats seeking affordability and new experiences.

Bolivia

Bolivia is one of the most affordable countries in South America. Rent, utilities, and food are inexpensive, and the average monthly cost of living is only about $700. In addition to affordability, Bolivia has a unique geography, including the Andes and Amazon rainforest, attracting many outdoor lovers and adventure seekers. The country may not have modern infrastructure, but the comfortable and low-cost lifestyle continues to draw in expats and travelers.

Peru

The affordability and cultural richness make Peru an appealing location for travelers and expats. Cities like Arequipa and Cusco offer low-cost living, while Lima is more expensive. Residents in the country have access to cheap groceries and public transport, making it easy to keep daily spending low. The country also provides stunning historical sites, a variety of local markets, and inexpensive fresh produce, and the average monthly living costs in the country are only $800, making it easy to live on a budget.

Sri Lanka

Sri Lanka is often considered a tropical paradise with its stunning beaches, relaxed lifestyle, and high quality of life. Individuals seeking a coastal lifestyle are drawn to towns like Galle and Mirissa for their laid-back living and affordable costs. Although the country deals with political instability and inflation issues, it remains a top destination among budget travelers. The average monthly living cost is only about $600, adding to its appeal.

Ecuador

Individuals seeking affordability and natural beauty are drawn to Ecuador. The average monthly living costs in the country are about $800 and rent in cities like Cuenca, and Loja is low, which makes it affordable. The country also offers easy access to cheap and fresh produce, a mild climate, and quality healthcare, contributing to a high quality of life. The welcoming community and rich culture in Ecuador also help to enhance its appeal, making it an excellent option for a budget-friendly lifestyle.

Guatemala

Guatemala is one of the most affordable countries in Central America. The average cost of living here is about $900, making it an attractive location for those seeking a budget-friendly lifestyle. Rent and groceries are inexpensive, particularly in cities like Antigua and Lake Atitlán. The stunning natural landscapes, which range from volcanoes to tropical forests, attract outdoor enthusiasts worldwide. Expats in the country enjoy an affordable and culturally rich lifestyle, which makes it a great option for many.

Nicaragua

Nicaragua is another inexpensive country where the monthly cost of living is only about $700. Rent is low and very affordable even in cities like Grenada and León. Daily expenses are also very affordable, with food, transport, and healthcare costs much lower than in most countries. Retirees and digital nomads seeking affordability are drawn to Nicaragua, where they can also enjoy a warm climate, stunning beaches, rich history, colonial cities, and an overall relaxed lifestyle.

Paraguay

Paraguay also offers one of the lowest living costs in South America, with residents spending an average of $600 on average every month. The cost of rent, utilities, and food is very affordable, and there are few restrictions on foreigners purchasing property, making the country an appealing destination to expats and investors. Paraguay also has a stable economy and an overall peaceful lifestyle, which enhances its quality of life despite lacking modern infrastructure.

Honduras

With only about $900 monthly living costs, Honduras’s cost is among the lowest in Central America. Coastal cities like Roatán also offer affordable living, with cheap rent and fresh seafood readily available. Residents live comfortable lifestyles without breaking the bank in most parts of the country. There is also a growing expat community, which can make Honduras more appealing to digital nomads seeking a high quality of life at a fraction of the cost in the U.S.

El Salvador

The cost of rent and groceries in El Salvador is very low, making it one of the most affordable countries for expats and retirees. On average, residents spend only $1,000 monthly on living costs, making it easy to develop a comfortable lifestyle even on a budget. The beautiful beaches, coffee plantations, and warm climate create the perfect setting for an enriching lifestyle with opportunities for exploration, drawing in expats from all over the world. Although certain areas can present safety concerns, most parts of the country offer a high quality of life.

23 Dominican Republic

The Dominican Republic provides residents with low-cost housing, food, and entertainment. With monthly living costs of only about $800, expats and digital nomads worldwide are drawn to the country where they can develop a comfortable life without financial strain. The country is also filled with tropical beaches, a vibrant culture, and a warm climate, which can create a high quality of life. The country even offers a relatively easy residency process for foreigners, which increases its appeal among those seeking foreign residency.

Tunisia

Individuals seeking a Mediterranean lifestyle at low costs are drawn to Tunisia. The cost of living here is low, with residents spending about $500 monthly. Rent, food, and healthcare are inexpensive, making it easy to keep daily spending low. In addition to the affordability, residents also have access to beautiful beaches and ancient ruins, which are ideal for relaxation and exploration and an overall high quality of life. This contributes to the country’s appeal, attracting expats and retirees worldwide.

Albania

Albania is often considered one of the most affordable European countries. The average monthly living costs are only $900, making it easy for individuals to develop a comfortable lifestyle without worrying about depleting their financial savings. Albania is also home to stunning coastlines, friendly locals, and improving infrastructure, which helps to enhance the quality of life. This appeals to many expats and retirees seeking affordability and the opportunity to live in Europe.

Serbia

Serbia is an affordable European country where rent, transport, and dining costs are inexpensive. Residents spend an average of $1,000 monthly on living costs, making it easy to indulge in certain luxuries without overspending. Cities like Belgrade offer modern amenities and a vibrant lifestyle while prices remain budget-friendly. Siberia also has friendly visa policies and a welcoming culture, making it easier for expats and retirees to settle into the country.

North Macedonia

The inexpensive rent, food, and transportation in North Macedonia make it easy for residents to enjoy affordable and comfortable living. On average, residents spend only about $700 monthly on living costs, highlighting the country’s affordability. North Macedonia also offers charming cities, a rich history, and friendly locals, making it an appealing location for expats and retirees. Cities like Skopje also offer urban living and modern amenities without the high prices.

Montenegro

Montenegro is home to beautiful landscapes and affordable living, making it easy for residents to develop a high quality of life without the accompanying high costs. Cities like Podgorica offer affordable living options, while coastal areas can be more expensive. On average, residents in the country spend $1,000 on living costs, highlighting how affordable it is. The country also offers residency programs that make it more appealing to those seeking a European residency.

Bosnia and Herzegovina

Bosnia is an affordable European country where living, housing, and dining costs remain affordable. The average monthly living costs are about $700, making living comfortably on a budget easy. Cities like Sarajevo offer a blend of Eastern and Western cultures that create a unique and enriching atmosphere, attracting expats and retirees from across the globe. The scenic landscapes, friendly locals, and relaxed lifestyle make it a great location for budget-conscious expats.

Georgia

Georgia is one of the most inexpensive countries in Europe. The cost of living here is low, at only about $900 per month. Significant cities like Tbilisi offer affordable housing, food, and public transportation and are equipped with modern amenities and conveniences. The country also offers a welcoming visa policy that makes it easier for expats to enjoy long-term stays. Georgia’s rich history, stunning mountains, budget-friendly lifestyle, and affordability have made it a popular destination among expats.

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