The 10 Cheapest Countries To Live or Retire | You Might Not Need to Work

The 10 Cheapest Countries To Live or Retire | You Might Not Need to Work


You often dream of quitting your job, ditching
it all and moving to paradise. In this video, International Living revealed
top 10 cheapest places to live & retire for 2019, and the reasons why we think these are
the best places to consider. The list isn’t just for retirees, it’s also
for people who want to live somewhere so cheap that they don’t have to work. 10. Spain. Spain is one of the most popular European
countries for those looking to live and retire overseas. Beaches, mountains, fabulous cities, colorful
festivals and sunshine almost everyplace. One of the biggest factors attracting people
here is Spain’s cost of living. A couple should be able to live comfortably
on about $2,000 a month or less. Many fruits and vegetables sell for €1 a
kilo or less and the quality is superb. Even in larger cities with more tourist traffic
such as Madrid or Barcelona, the cost of living is pennies on the dollar compared to other
major European and United States cities. If you are buying Spanish property, the average
property price per square metre in Barcelona is around €4,500–€6,000. 9. Thailand. This diverse country has it all. Some of the world’s most beautiful beaches
are located in the south of the country. From the bustling seaside resorts to the more
tranquil islands, there is something for everyone who dreams of retirement in the tropics. You can live here comfortably on around $500
a month. It all depends on which part of the country
you want to live in and what kind of lifestyle you prefer. There are many places where you can dine well
and still leave the table with change from $5. A full check-up by a Western-trained doctor
in a modern hospital will cost you less than $40. 8. Peru. Best known as the home of the mountaintop
Inca citadel, Machu Picchu, Peru still remains fairly undiscovered as a retirement destination. The cost of living is one of the cheapest
anywhere with rents starting as low as $150 per month and filling three-course lunches
starting at $2.5, including a drink. Compared to other Latin American countries,
Peru has an average cost of living. It’s cheaper than Brazil, Colombia or Chile,
but more expensive than Bolivia or Paraguay. In general services, food, transport, accommodation
and clothes are cheaper than in Europe or the US. But technical and electronic products, as
well as imported food and clothes are more expensive than in their countries of origin. 7. Portugal. With a sliver of coastline and an interior
that can take you back centuries in time, Portugal in many ways still belongs to an
earlier era. People are friendly and courteous. The low cost of living is a big draw for those
who choose to live in Portugal. Even in the capital, Lisbon—one of Europe’s
most charming cities—a couple can live comfortably from about $2,200 a month. A lunch for two at an inexpensive restaurant
runs $16; pay double that for a mid-range eatery. A one-bedroom rental in cities averages $690,
and outside the city center you’ll pay $450. Utilities average about $110, and internet
usage about $27 for one month. Romance, culture, and adventure awaits you
in your ideal spot in Portugal. 6. Colombia. Located at South America, Colombia is where
the Pacific and the Caribbean collide with the Andes and the Amazon. It’s a country that is more beautiful, dramatic,
and diverse than nearly any other. And Colombia boasts beautiful areas where
the cost of living is the lowest you’ll find anywhere in South America. You can live here comfortably on around $1,000
to $2,000 per month. Utility costs including water, electricity,
garbage service and broadband Internet service average about $110. The national average for an apartment in both
central city districts and suburbs is less than $270 per month. 5. Malaysia. Malaysia has everything that may want to make
someone relocate there. Besides, the rainforests, islands and beaches,
Malaysia is known for being a modern, robust and ever-evolving country to live in. The country’s diverse ethnic mix makes being
a stranger here easy. It is also a prefect destination for those
looking for an affordable retirement. A family of six, or six friends, can dine
out in a good local restaurant for less than $6 per person, including beer. The climate in Malaysia means that fruit and
vegetables are grown all year round. In general, food products in markets will
cost half what they do in the UK or the US. 4. Ecuador. Ecuador, one of the best retirement havens
for years, lies in the northwestern corner of South America, bordered by Colombia to
the north, Peru to the south and east, and the Pacific
Ocean to the west. Since the land produces excellent food, mostly
with year-round growing seasons, prices at local markets are so low,
it is difficult to carry more than $15 worth of fruits and vegetables. You can own a home on a Pacific Coast beach
for less than $150,000. Apartment rental prices depend on the location
in the city, but tend to cost about $80-$450 per month. Monthly budget comes in at less than $1,500
a month. 3. Mexico. Mexico always features among top retirement
havens. It’s home to more North American expats
than any other country in the world. Wherever you go in Mexico, the people will
charm you, the natural beauty will seduce you, and the remarkably affordable cost of
living will entice you to stay. Accommodation in Mexico is affordable, whether
you choose to live with flatmates or by yourself. The closer you are to the city centre or the
beach, the more costly it becomes. Many couples live a very comfortable life
for $1,500 to $2,000 a month. Although Mexico is affordable, but banks and
money exchange services are still wildly inconsistent. 2. Costa Rica. Costa Rica is one of the safest spots and
best places to live in Central America. It welcomes foreigners with open arms. Expats are attracted to Costa Rica for numerous
reasons, which include the low cost of living, excellent healthcare, beautiful beaches, rainforests,
and cool mountains… Many families also look to Costa Rica for
their education system. A couples can live well on $1,500 per month
in expenses, including housing, transportation, food, medical… The average local salary is about $750, so
that is usually the absolute lowest you could expect, but $1,000 is a better super-budget
baseline for foreigners. 1. Panama. Panama is an excellent spot for expats, retirees,
and even digital nomads. It’s modern, comfortable, safe, and friendly. The lush mountain towns of Panama rank among
the best retirement destinations in the world. And many people choose Panama because of the
weather and ease of living. It’s possible to live in Panama for as low
as $1,000 per month. Those looking to buy an apartment should expect
to pay around $200 per square foot in the city center. Healthcare in Panama is good and affordable
for minor problems. Most clinics charge a nominal fee of between
$20 and $60 for an office visit. Hospitals in larger cities are all of the
state-of-the-art equipment and specialists can be found in any field. But because “cheap” is a relative term, you
need to calculate your budget and then find a country,
where you can get the right balance between cost of living and standard of living so that
you can be happy and comfortable in your retirement abroad.

100 thoughts on “The 10 Cheapest Countries To Live or Retire | You Might Not Need to Work”

  • These sound very tempting BUT – 21 years ago I made the move to Hungary. Turns out today it is the safest most beautiful and least expensive place to live. It is in the heart of Europe if you want to get in your car and travel – go to the countryside to buy from farmers – fruits, vegetables, raw milk and milk products and even meat. I had no choice – when I figured my style of living on my $1000 retirement budget – it would have been a sad fact anywhere. Cashed in my 401K and even with the penalty for early withdrawal – it bought me a 1000 sq ft downtown apartment with high ceilings and lots of windows. By now, I've become a dual citizen which means free domestic travel and medical insurance for under $40/month ALL INCLUSIVE. Can't tell you how relieved I am not having to worry about ending up on the streets for my old age. Now there is also a country house and a vineyard. Was a realtor in NC so if you have questions – please feel free to ask. I'm retired and would love to help anyone else who wants to enjoy their golden years.

  • Shame you can see she does know there is an Africa.
    Madam its a continent. Like a real large like piece of earth like.
    Africans come by on $way less than what you preach.
    Especially South Africa. Yes its a whole country! With people. 56million of us. And we need you rich tourist to come spend that $thousands what you were saying is cheap.
    Come see for yourself. Cheap cheap comfortable living.
    And by the way, our people are fantastic and friendly and not what you see the whole time on tv.
    Cheap cheap like a canary!😘

  • Folks, as many of you have stated…. some cheap, yet safe countries were left out on this documentary list…not sure why, was there a kickback?? At any rate, I'm also looking to retire in the next 4 years and have not decided where-still searching… To that end, I have traveled to many parts of the world, Italy, UK, Brussels, Belgium, Holland, Germany, Japan, China, Vietnam, Brazil, Peru, Mexico, and are currently on a Russia Vietnam vacation……. Thus far, I believe Vietnam is hands down the cheapest and safest country I've been to… Staying at a 3 star hotel in Vietnam where I have access to American tv such as HBO, AC, wi-fi and more importantly, extremely clean room that can pass a white glove inspection-all for approximately $10.00 / day.. I can choose to eat for under $2.00 dollars (meal includes a pork chop, a couple of eggs, rice and a few veges) or I could choose a more expensive sea food meal which I'm really not a fan of…As one gets older we no longer have the ability to grapple on the street with just anyone as we once did nor are we interested in having to pack when you go out at night… so peace of mind besides cost is certainly important to me since our retirement income will be for the most part fixed…. So based on my travels, it is my humble opinion that Vietnam should be consider when narrowing a list of countries to retire in…. food for thought….

  • a full check up in a modern hospital in Chiang Mai is about $90 as of Jan 2019. Not sure where they are finding a full check up for $40.

  • Travel to Discover says:

    Its ok not to be mentioned here. Let these countries feel the impact of overpromotion. This isnt an official list anyway. Its very subjective.

  • @Winningshot…You are a clueless individual who has a juvenile brain with a borderline IQ of 30. It's not uncommon for DUTAE's(AKA:duterte) DDS to inflate their bragging comments. It's hard to shut up ignorant idiots. Beside killing 36,000 plus poor Pinoys, name one accomplishment DUTAE(AKA:duterte) made that is good for the Filipinos and the country, the Philippines… LOL you hate the truth.

  • @Jamie e…I'm trying to figure out where you came up with that assessment from? Dude. Ponder this quote from Socrates: "When the debate is lost, slander becomes the tool of the loser." Jamie e, you're just another idiot who proved DUTAE (AKA:duterte) was right, calling his supporters the stupidest people in the whole solar system.

  • I am a retired single male, living in my paid off home, driving my paid off car's and can meet all my taxes, insurances, living expenses, etc. for at or slightly under $1000 monthly.
    Why would I care to live in another country? I visited at least 38 of them, on 5 continents, when I was a young man in the Navy!

  • Don't believe this information about Colombia. In Bogota the average for an apartment is around US$800 per month (not $270)

  • For some reason or another you fail to mention ANYTHING about security and crime. Mexico for instance? It's not all about how cheap the cost of living is, many of these places are cheap on life and a hideous way to end a life.

  • Hi! ¡Excelent video! Thanks for sharing. Maybe this site https://omartravel.my1dollarbusiness.com/ could be helpful for your followers if you decide to share it with them. All the best for you.
    ¡Hola! ¡Excelente video! Gracias por compartir. Quizás este sitio https://omartravel.my1dollarbusiness.com/ podría ser útil para vuestros seguidores, si decide compartirlo con ellos. Todo lo mejor para usted.

  • I would suggest you move to Kerala, Goa or Himachal Pradesh in India. $1000-1200 are way more than enough for a family of 5 or 6. Choose which climate suits you. Also these states are free from religious turbulence. Good luck where ever you are settling in the world.

  • None of these places are making sense. places in Nepal, Bangladesh, India and Pakistan, you can live good very much $200-$300 a month.

  • Sounds good but most of this countries are more expensive and the bad elements have no souls. And no respect with other human beings.especially the Latin Americas.

  • while i watched this video its very much out of touch with whats real most of the places shown are not cheap,,,,,spain being a very clear example as it was a country that went bankrupt, not so cheap these days, in the 1980s yes but now not a chance.
    i also noticed comments on the philippines, and as i agree with most of the comments of cheap one thing that is not true is the safety as tourists are attacked kidnapped and corruption is ripe, and because of the corruption the cost of living has doubled in the last 5 years, i know this well as i lived there for 15 years, as for most places around the world , as some seem cheap, you have to look at the quality of life and in real terms cheap and quality of life do not always go hand in hand,.

  • No thanks,, 2 Canadians were kidnapped in the Philippines,, held for ransom and beheaded.. Please report safety issues

  • In Panama and costa Rica is to hot … 35 degrees Celsius every day with 88% humid… and days are every day of the year the same 9h light ! Trust me you will miss the winters in Europe, the 15h daylight, the cold days ,the autumn…

  • the title is CHEAPEST place to live,,,,

    in choose from asian countries. cheapest one is there. but living inside EUROPE there LUXURIOUS living….

  • South east asian countries should be more on the list. Like Philippines, indonesia, malaysia & vietnam. Less crime, cheaper, good food, friendly people, nice weather, multi language speaking and less natural disasters.

  • Very interesting broadcast. The lady talking did a great job. So nice not to have to listen to a computer voice. Happy Trails

  • Philippines is the no.1 country to live or retire compare than other countries…i went to Thailand and i confirmed that Philippines is most affordable….if you live in province everything were very cheap. $500 to $600 is enough for your monthly needs

  • There are some place are dangerous., but they are far from the main city of the country. Come have a nice experience to my country Philippines.

  • Not one of these counties are safe for north americans. The criminal element would kill you for pocket change and get away with it. Moving there would only equal your future death sentence

  • Juergen Hoffmann says:

    Thailand is one of the most polluted countries in the world, no road safety (one of the highest road death tolls in world, around 70 deaths per day), no food safety, plenty of pesticides everywhere in the food (I cannot elaborate here), high particulate matter smog from burning forests and fields, ridiculously high currency exchange rate, corruption on all levels, and travel restrictions inside of the country as to leaving your province overnight. Tormenting visa regulations as well. The country is NOT welcoming foreigners since it turned in to a military state in May 2014. You could as well try and settle in North Korea, one of the regime's best friends, as China.

  • PleidaesAlienZero1 I Came From Afar says:

    Lol the video seems like a tourist advert for mostly South America, I also expected that as it progressed through the Ten countries that the cost of living there for say a month would gradually go down as we got to the Number One spot . However this didn't happen it was roughly about 2,000 dollars on average from the Tenth placed country to the first. I expected it to say be 2,000 dollars a month in the 10th placed country and only say 300 dollars a month in the 1st placed country. Also the Extremely Irritating, LOUD and constant background music was overwhelming, not with standing the Condescending voice of the narrator . However the part I liked best was that about Mexico, ( The People will Charm you ) etc. Whilst I am sure there are thousands of lovely charming friendly people in Mexico as there are in many places,  great place to retire from life  Yeah Literally Retire from life itself, as with the Murder rate so high you probably wont make it to old age.

  • Whaaat? A lot of foriengners chose to live in the Philippines,,,,how come that the Philippines are not included of your list?

  • How We Compile The Annual Global Retirement Index
    Each year, we use our ever-expanding network of editors, correspondents, and contributors all over the world to give us the on-the-ground information and recommendations we need to put our index together. This year, we talked to more people than ever before and gathered massive amounts of information to decide on the best retirement destinations.

    All these people were once in your shoes. All of them wondered if they could find a better life abroad. Many of them were former International Living readers who took the plunge, and now want to share their love for their new home with the world. These are the people we draw upon to put together our index each year.

    We rank and score each of the 25 countries in the index across 13 categories:

    • Buying & Investing this looks at the value of real estate and how easy it is to buy or rent your dream home overseas. In this category, we assess things like the price of houses and condos in areas an expat retiree would like to live in, annual property tax, how much it costs to build, and if there are any restrictions on expats owning property. We also asked out correspondents whether there are good opportunities to invest in property as a means of earning a rental or capital return.

    • Renting we asked our expat correspondents to give the price of a month’s rent on a range of properties in areas where a retiree would like to live. We also asked how easy it is to find a place to rent (both short- and long-term), and what sort of property a sample rent of $1,000 a month would provide.

    • Benefits & Discounts in some countries, you as a retiree can get discounts on lots of things, from airfare and food to electricity and public transport. All the benefits and discounts retirees can get in the country are factored into this category.

    • Visas & Residence if you can’t legally and easily call a country home, it won’t be much good as a retirement spot. This category looks at things like how easy it is to get permanent residence and if there are any special residence options for retirees.

    • Cost of Living a country has to be affordable to be a great retirement spot. It’s that simple. And to assess how affordable each country is, we got our experts on the ground to fill out a comprehensive monthly budget. Everything from the cost of a liter of milk to a bottle of beer to a movie ticket was factored in.

    • Fitting in isn’t just about making friends with locals and expats. It’s also about feeling at home. Can you pick up your favorite North American comforts when you need them? And how easy is it to adapt to the local culture? This category looks at all of these things.

    • Entertainment & Amenities There’s a lot that factors into how interesting a place is. Does it have lots of museums, gigs, and exhibitions? Are there lots of outdoor activities? And can you catch a movie in English when you want to? Things like this factor into Entertainment & Amenities.

    • Healthcare In this category, we put our experts to the test like never before. How much will you have to pay for things like laser eye surgery, a tooth crown, or a blood transfusion? Can you get common medications for things like asthma and diabetes? And do you need a prescription to get a refill? When it comes to assessing healthcare, we factor in both quality and price to give you a fair and balanced view.

    • Healthy Lifestyle Things like great weather and an abundance of fresh food all factor in to how healthy a lifestyle you can have in your overseas home.

    • Development You wouldn’t want to live anywhere where you couldn’t stream your favorite movies, call home, or access reliable electricity. You’ll also want quality roads and an efficient public transport network. These are just some of the factors that feed into the Development category.

    • Climate Moving abroad gives you the chance to escape from the extremes of weather back home. You can find places overseas where the weather is just perfect for you. In this category, we rate the climate of each country, factoring in things like rainfall, temperature, and humidity.

    • Governance The world can be scary and our fate uncertain. So knowing your new home respects personal freedom, keeps the bureaucracy to a minimum, and offers a stable and safe environment in which to enjoy retirement is a nice feeling. You’ll also appreciate an efficient banking system.

    • Opportunity Retirement doesn’t need to be a grinding halt. Maybe you have a business project you’d like to try out, or perhaps you’ve thought about supplementing your income with some freelancing work or online employment. We’ve examined how well the local authorities support small business, whether it’s easy to work remotely, and whether there’s a strong economy in each country.

    Although we’ve been more rigorous than ever in putting together our index, what makes a perfect retirement spot is ultimately subjective. It’s all down to you, and your gut reaction to a place. How do you measure the friendliness of the local people? How do you grade the comfort of a climate? A perfect retirement spot for one person could be far from perfect for another, no matter how well it scores on the index. And that’s why we always recommend renting in a place for a couple of months to give it a test try. Make sure it’s right for you before you commit to a permanent move.

  • JEFFERSON SILVA says:

    In Brazil we live with 250-500 dollars/month… Most of the families even have children.
    The cost of living is not so elevated, our biggest problems are: medical, transportation, education and safety expenses. But in general we are a "paradise", like you see on carnival.

  • Bangladesh ' India and Pakistan are not worth living countries here life is very hard Nothing is cheap Only life of Mankind is cheap here. How sad. People of these countries are slaves of religious ideology and fighting like dogs How can any person of any religion can be happy in subcontinent. How sad all conditions here ( from Bangladesh)

  • I think forest is a cheapest place to live in the world
    Someone can find nature scene and different type of meats in the forest

  • You wouldn’t have much of a life trying to life in Thailand for 500. Dollars a month. This video lost all credibility once I heard that.

  • What a bull-shit video! You start with the countries I like and know most, Spain and Thailand. Spain is not cheap. And live for 500 dollars a month in Thailand… well, if you eat rice for every meal and dont have a health insurance, something that is mandatory now…. stupid video!

  • Angelito Saluague says:

    This presentation is incorrect. Philippines should be the no. 1 country to retire with if you are a foreigner. You can definitely extend your years here. You have nothing to worry with because Filipinos are friendly and can speak English all of the time even the uneducated ones.

  • Goran Omar Bockman says:

    I live on $1000 in Tunisia near Malta and Italy. Rent a 2bed villa (fully Furnished) 5 mins from the sea, for $125/month, go out for a pizza 3-4 dollars. Best climate in the world! {30 celsius today 21st of October is normal} Great food and friendly ppl. What more do you want?! 💝

  • Bullshit list. Data is not that accurate! And missed alot of cheapest countries and covered almost only south America! Lol

  • Wouldn’t want to live in any country in South America – all of them are highly dangerous places. How come Sri Lanka did not make the list ?

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