Cheapest Countries to Live
An aerial shot of the cathedral in Zacatecas Mexico under a blue sky at daytime

If you move from a country like Canada, USA, UK, or Australia to any of the countries in this list you should be able to cut your expenses in half at the very least. 

Last year will go down as one of the worst years in history with the spread of Covid-19 around the globe. The countries that did a good job of containing the virus don’t want people from those nations who did a bad job in their country as a result international travel was halted and many nations closed their borders, this made the question of the cheapest countries to live in a kind of rhetorical instead of practical in some locations. 

Countries that are highly dependent on tourism can’t stay closed forever without wrecking a big percentage of the national economy.

The countries that made this list are only those which have eased their restrictions or will be moving at full force this summer. Here are the 10 cheapest countries to live in 2021. 

10. Albania 

Albania is one of the few countries that never closed its border to visitors including Americans, you’re allowed to enter and some immigrants can stay for a year on a tourist visa. Albania is right across the Adriatic from southern Italy and has similar weather. It’s also got a long coastline of beaches, rugged mountains for adventure and a laid-back capital city with good internet speeds. Housing prices are very cheap and almost nobody is paying more than one thousand dollars a month for rent even for a modern penthouse.

In most categories of living expenses, Albania currently dukes it out with Bosnia and Bulgaria which are currently closed as the cheapest place to live in Europe.

Not many people know about this country and there aren’t any big draws famous sites here but Albania is one of the cheapest and safest places to live in the world.

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9. Czech Republic 

Although normal tourist visits are banned in the Czech Republic but the country is planning to open soon in the upcoming summer. Experts ranked Czech 7th for the cost of living out of 68 countries in the most recent cost of living index. 

The Czech Republic is among the most affordable European Union countries, for immigrants the average cost of living in the Czech Republic ranges from 600 to 1000 U.S dollar per month, this includes accommodation, public transport, meals, and culture but keep in mind that the pandemic might have affected the living costs, availability of reasonable housing and goods wage levels and currency exchange rates all of which can have a significant impact on price parity for foreign nationals.

8. Ecuador 

When it comes to countries with low cost of living and high quality of life Ecuador ranks high on most lists. There have good climates nearly everything grows there and mountains and beaches to explore. Most immigrants are lured to this country for its straightforward residency program that comes with perks for retirees like discounts on flights. You only have to show an income of $400 per month for some residency visas.

Ecuador is one the cheapest countries to Live in, is is a favored country for those who haven’t saved much for retirement or are living on social security. To enter the country you need to arrive with proof of a negative Covid-19 test taken within three days of arrival, face masks are required in public and there are capacity controls in place at businesses.

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7. Cambodia 

This is one of the cheapest places in Asia to party, eat and relax so you’ll be eased and happy if you don’t mind the heat. 

Most transactions are in U.S dollars, so currency won’t be an issue in this country. 

To enter this country you will need to apply for a visa in advance since the visa on arrival option is suspended, you’ll need to provide a negative Covid-19 test result within 72 hours of arrival in Cambodia, you also need to pay a deposit of $2000 upon arrival to cover Covid-19 testing and potential treatment and spend $90 on a 20-day local health insurance package and quarantine for two weeks. 

Above all the cost of living in Cambodia may be one of the lowest in the world but the quality and standard of living remain extremely high, leading to more retirees and immigrants choosing to make this country their home each year.

6. Morocco

This country is the best overall value in Africa and with some of the best infrastructure on the continent, Morocco is the place to get exotic without paying a fortune. 

Moroccans are known for their hospitality and for warmly welcoming visitors, they are grateful and happy when visitors come to experience the traditions, cuisine, and history. 

The amount of money you’ll spend here depends on the city you live in, there are many poor people in this country and the standard of living is generally low. 

The average salary is less than $400 but prices are normally high in tourist areas. 

To enter the country you need to arrive with a negative covid-19 test taken within 72 hours of departure and follow the mandatory mask rules. English is often third or fourth on the list of languages even in the tourism sector 

5. Portugal 

Portugal is planning to open its border in early summer, however, immigrants must present a negative covid-19 test carried out within 72 hours before departure time. 

Portugal offers arguably the lowest cost of living in Western Europe just about everything from accommodation to groceries is affordable. Portugal is one of the Cheapest Countries to Live in and couples can live comfortably but not lavishly in Portugal at $1700 per month, if you want to live in Lisbon or Porto you should bump that number up to $2500 or more.

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The Portuguese people are warm friendly and greet everyone, since English is taught in the school’s many Portuguese speak some English which makes immigrants here a little easier. 

4. Thailand

Thailand is no longer a great bargain compared to other countries in Southeast Asia but most of those others aren’t open right now and Thailand certainly has a lot going for it that keeps it high on the immigrant’s list.

Thailand has long been a digital nomad hotspot especially in Chang Mai but there are at least 20 other places you could choose to live from bustling Bangkok to cheap island beaches. You should expect to live in Thailand on a budget of at least $1500 per month with $2000 being a more reasonable benchmark.

Moving to Thailand right now is not going to be easy the good news is you can stay for up to one year in the country which is a huge improvement over the former restrictions.

3. Mexico 

Mexico has been a retirement haven for residents of its North American neighbors, for a decade now more than one million Americans and half a million Canadians call the country home today living there either full-time or part of the year.

The income required to get residency used to be prohibitively high for some retirees but a change this year brought that down a fair bit now under $1500 per month that makes your transition to a new life in Mexico all that much easier.

Mexico is so large and has a great diversity of climates, landscapes, and lifestyles. With so many locations to choose from, there is something for everybody in Mexico. 

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2. Guatemala 

Right below Mexico and Central America Guatemala is also a relatively short flight away. 

Rentals for one-bedroom furnished apartments in town start around $300 a month, a one-bedroom apartment with parking near international restaurants and other local amenities is renting for $350 a month including internet, cable TV, and all utilities. 

In past Guatemala endured a violent civil war and may not have been a safe place to visit but today this country is heavily protected by the police and is a safe place. Most immigrants own property in the country preferably by the beach residential, property near the beach is priced around $150,000. 

1. Georgia 

The country of Georgia is a new addition to a better life for half the price and the capital of Tbilisi has become somewhat of a hot spot for remote workers and digital nomads the past couple of years.

Besides great wine, food, the black sea coast, and mountain hikes Georgia have the most friendly visa policy in the world.

Citizens of more than 90 countries can stay for a year with just a tourist visa secured on arrival. 

The country has even taken a step further by issuing residency visas to foreigners who can show steady income from their online business or remote freelancing. The country is not open to travelers right now but it’s planning to open again in early summer. 

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