11 Countries Where the Cost of Living Is Just a Third of That in the U.S.

In an increasingly globalized world, many people are looking beyond their home countries for places to live, work, or retire. The idea of moving abroad is particularly appealing when you consider the potential for a lower cost of living. If you’re seeking a more affordable lifestyle without sacrificing quality, here are 11 countries where the cost of living is roughly one-third of what you’d expect in the United States.

1. Vietnam

Cost of Living Index: 38.1
Key Cities: Ho Chi Minh City, Hanoi

Vietnam is a top destination for expats looking for a low-cost yet high-quality lifestyle. With a cost of living that is approximately one-third of that in the U.S., Vietnam offers a unique blend of modernity and tradition. Major cities like Ho Chi Minh City and Hanoi have excellent healthcare, vibrant cultural scenes, and diverse food options—all at a fraction of the cost you’d find in the U.S.

Accommodation is particularly affordable; a one-bedroom apartment in the city center can cost as little as $300 per month. Dining out is also inexpensive, with a meal at a local restaurant costing just a few dollars. For those who enjoy travel, Vietnam is ideally located for exploring other Southeast Asian countries.

2. India

Cost of Living Index: 24.4
Key Cities: Mumbai, New Delhi, Bangalore

India is another country where the cost of living is significantly lower than in the U.S. While it’s true that the country’s vast size and diversity mean that costs can vary widely, even in major cities like Mumbai, New Delhi, and Bangalore, you’ll find your dollar stretches much further.

In India, rent is particularly low. A one-bedroom apartment in the city center can cost as little as $200 per month, and local transportation is both efficient and cheap. Groceries and dining out are also incredibly affordable, making it easy to enjoy a comfortable lifestyle on a modest budget.

3. Mexico

Cost of Living Index: 32.1
Key Cities: Mexico City, Guadalajara, Monterrey

Mexico is a popular destination for Americans looking to retire or live abroad due to its proximity to the U.S. and its low cost of living. Whether you choose to live in a bustling city like Mexico City or a tranquil beach town, you’ll find that living expenses are about one-third of what they would be in the U.S.

The cost of housing in Mexico is remarkably low. You can rent a one-bedroom apartment in the city center for around $400 per month, and utilities are also inexpensive. Healthcare in Mexico is high-quality and affordable, and dining out offers excellent value for money, with many meals costing less than $10.

4. Philippines

Cost of Living Index: 34.6
Key Cities: Manila, Cebu City, Davao City

The Philippines is known for its beautiful beaches, friendly locals, and low cost of living. The country’s affordable lifestyle is a major draw for expats, retirees, and digital nomads. Cities like Manila and Cebu offer a modern lifestyle at a fraction of the cost of living in the U.S.

Rent is particularly affordable in the Philippines, with a one-bedroom apartment in the city center costing around $300 per month. Utilities, groceries, and transportation are all very inexpensive. The Philippines also offers a variety of low-cost travel options, making it easy to explore the country’s many islands.

5. Thailand

Cost of Living Index: 38.8
Key Cities: Bangkok, Chiang Mai, Phuket

Thailand is one of the most popular destinations for expats due to its tropical climate, rich culture, and low cost of living. Whether you choose the bustling streets of Bangkok, the serene mountains of Chiang Mai, or the beautiful beaches of Phuket, you’ll find that living costs are about one-third of what you’d expect in the U.S.

Rent in Thailand is very affordable. A one-bedroom apartment in the city center typically costs around $400 per month, and utilities are also low. Dining out is a highlight of living in Thailand, with street food and local restaurants offering delicious meals for just a few dollars.

6. Colombia

Cost of Living Index: 29.4
Key Cities: Bogotá, Medellín, Cartagena

Colombia is emerging as a top destination for expats, thanks to its low cost of living, diverse landscapes, and friendly people. Cities like Bogotá, Medellín, and Cartagena offer a high quality of life at a fraction of the cost of living in the U.S.

In Colombia, rent is incredibly affordable. A one-bedroom apartment in the city center can be rented for around $300 per month, and utilities are similarly low. Healthcare in Colombia is high-quality and inexpensive, and the country’s transportation network makes it easy to explore South America on a budget.

7. Indonesia

Cost of Living Index: 36.6
Key Cities: Jakarta, Bali, Yogyakarta

Indonesia is another Southeast Asian country where the cost of living is significantly lower than in the U.S. Whether you choose the bustling capital of Jakarta, the island paradise of Bali, or the cultural hub of Yogyakarta, you’ll find that living costs are about one-third of what you’d pay in America.

Housing in Indonesia is very affordable. A one-bedroom apartment in the city center can cost around $300 per month, and utilities are also inexpensive. Dining out and groceries are similarly low-cost, making it easy to enjoy a comfortable lifestyle on a modest budget.

8. Ecuador

Cost of Living Index: 34.7
Key Cities: Quito, Guayaquil, Cuenca

Ecuador is a hidden gem in South America, offering a low cost of living, stunning natural landscapes, and a rich cultural heritage. Cities like Quito, Guayaquil, and Cuenca are popular among expats for their affordability and high quality of life.

Rent in Ecuador is particularly low. A one-bedroom apartment in the city center can be rented for around $300 per month, and utilities are also inexpensive. The country’s healthcare system is high-quality and affordable, and Ecuador’s diverse landscapes offer endless opportunities for exploration.

9. Peru

Cost of Living Index: 29.5
Key Cities: Lima, Cusco, Arequipa

Peru is a country of incredible diversity, from the bustling capital of Lima to the ancient city of Cusco. The cost of living in Peru is about one-third of what you’d expect in the U.S., making it an attractive destination for expats and retirees.

Rent in Peru is very affordable. A one-bedroom apartment in the city center typically costs around $300 per month, and utilities are also low. The cost of dining out is similarly inexpensive, with many meals costing less than $5. Peru’s rich history and diverse landscapes make it an ideal destination for those seeking adventure and culture on a budget.

10. Morocco

Cost of Living Index: 33.7
Key Cities: Marrakech, Casablanca, Rabat

Morocco is a North African country known for its rich history, vibrant culture, and affordable cost of living. Cities like Marrakech, Casablanca, and Rabat offer a high quality of life at a fraction of the cost of living in the U.S.

Rent in Morocco is particularly low. A one-bedroom apartment in the city center can be rented for around $250 per month, and utilities are also inexpensive. The country’s food is not only delicious but also affordable, with many meals costing just a few dollars. Morocco’s unique blend of African, Arab, and European influences makes it a fascinating place to live.

11. Bolivia

Cost of Living Index: 27.9
Key Cities: La Paz, Santa Cruz, Sucre

Bolivia is one of the most affordable countries in South America, offering a low cost of living, diverse landscapes, and a rich cultural heritage. Cities like La Paz, Santa Cruz, and Sucre are popular among expats for their affordability and high quality of life.

Rent in Bolivia is incredibly affordable. A one-bedroom apartment in the city center can be rented for as little as $200 per month, and utilities are similarly low. The cost of dining out and groceries is also very low, making it easy to enjoy a comfortable lifestyle on a modest budget.

Final Thoughts

Moving to a country where the cost of living is one-third of what it is in the United States can offer significant financial benefits without compromising on quality of life. Whether you’re looking to retire, work remotely, or simply experience a new culture, these 11 countries offer a wide range of opportunities for affordable living.

From the bustling cities of Southeast Asia to the serene landscapes of South America, each of these countries provides a unique blend of culture, lifestyle, and affordability. With careful planning and consideration, you can make the most of your income and enjoy a high quality of life in any of these destinations.

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