Cheapest Countries to Live In 2021
Individuals often find themselves needing to relocate for various reasons, whether for employment opportunities, educational pursuits, or simply a change in lifestyle. This significant decision requires careful planning and determination. Considering the current global challenges and economic hardships, many may seek countries with a lower cost of living. Below is a list of the most affordable countries to reside in for the year 2022:
Indonesia
Indonesia, the largest archipelago in the world, is home to approximately 264 million residents. To live comfortably in Indonesia, individuals may only need around $340 per month. The cost of essentials is quite reasonable, and luxuries are not prohibitively expensive; for example, a meal at a restaurant can cost about $1.77.
Bolivia
As the fifth largest country in South America, Bolivia has a diverse population of 11.5 million people consisting of various ethnic backgrounds, including Indigenous, African, American, Asian, and European descent. The official language is Spanish, along with 36 other languages spoken throughout the country. A single night’s stay in Bolivia may require around $23, while a meal at a restaurant typically costs around $2, leading to an estimated monthly living cost of approximately $431.
Poland
In Warsaw, Poland’s capital, residents can enjoy modern amenities and comforts at a significantly lower cost compared to other major cities. Monthly rent for an apartment averages around $350, and dining out can be as inexpensive as $5 per meal. Additionally, traveling to Poland does not require a visa.
Peru
Peru is recognized as one of the most affordable countries worldwide, with apartment rentals averaging $250, while meals can range from $1 to $3 when dining out. Furthermore, Peru offers breathtaking natural beauty, ranging from the Amazon rainforest to captivating sand dunes.
Portugal
Portugal boasts advanced infrastructure and services, making it a country with a low cost of living while featuring desirable amenities. Its stunning landscapes, including beaches and a rich variety of cuisine influenced by diverse communities, further enhance its appeal. It is advisable to learn Portuguese to better integrate into local life, particularly in major cities like Porto, Lisbon, Coimbra, and Braga.
Costa Rica
Costa Rica is perfect for adventure seekers and nature enthusiasts, featuring numerous national and wildlife parks. Notable destinations within the country include Tamarindo, Nosara, and Playa Hermosa.
South Africa
South Africa ranks 77 out of 139 countries in terms of living costs. While some areas in the region may present challenges for residents, there are numerous remarkable cities that offer a unique opportunity to experience an ancient culture and diverse history. Key cities to explore include Cape Town, Port Saint John’s, and Cape Saint Francis.
Mexico
Living in Mexico can be quite affordable, with low transportation and food costs. Construction work can be accomplished for approximately $4 to $7 per hour. Additionally, Mexicans often prefer to repair their belongings instead of discarding them for new items. Flights to Mexico are generally reasonably priced or even cheaper than some domestic flights within certain countries. Mexico also offers a six-month tourist visa upon arrival.
Panama
Panama welcomes a substantial number of foreigners and is among the countries with the lowest tax burden. The country boasts a stable economy, an encouraging investment environment, and significant political stability. The healthcare system is highly regarded, and there is an attractive retirement system, provided individuals avoid renting waterfront properties, as they tend to be more expensive.
Colombia
Colombia not only offers low living costs but also enjoys a mild climate throughout the year. Coffee and soft drinks are available at very affordable prices, and rental costs typically range from $400 to $600 for two- or three-bedroom apartments. Obtaining residency or a tourist visa for three months (extendable) is relatively straightforward.