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10 Cheapest Countries to Live and Work

Last Updated on June 2, 2024 by Unwana Akpan

Do you ever find yourself daydreaming about traveling abroad or exploring a new place when looking out the workplace window? I will introduce you to the cheapest countries to live and work with all you need to know about it.

Many of us share the desire to escape the 9 to 5 grind, and an increasing number of people are actually achieving it. Yes, you say, “Perhaps I’ll work abroad if I win the lottery.”Let’s go over the nations where it is least expensive to live and work. If you found the post to be interesting, kindly use the comments section to ask any questions or to share any ideas.

Good news! Travel does not have to be expensive. You may live, work, and travel in a number of low-cost nations while receiving a lot more for your money. The ten nations that are now the finest and least expensive to live and work in will be examined. However, in the beginning

Lower cost of living is one of the best perks to working abroad

It is true that your hard-earned money could not go very far if you choose pricey venues. The majority of people, however, believe that long-term travel or living overseas will be prohibitively expensive.

If you stay away from well-known, pricey areas like Italy or Australia and stick to some of the world’s most affordable countries to live and work in, you might be amazed at how well you can live on a small pay. Instead of spending your days toiling away in a downtown office, why not travel the world, encounter diverse cultures, and make a respectable living?

One of the key reasons why so many people want to relocate and seek jobs overseas is the low cost of living. Your expenses should be reduced even if your pay will likely be lower. A number of well-paying jobs are also available, allowing you to maximize your earnings while residing in a moderately priced neighborhood.

10 Best and Cheapest Countries to Live and Work

1. Vietnam

Vietnam is a budget traveler’s paradise for people who desire to live and work in an exotic location without spending a fortune. For foreigners, it is one of the best and cheapest countries to live and work. There is still a lot to see and do in Vietnam, but it is still somewhat of a secret when it comes to cheap places to live and explore. Vietnam is a stunning nation with delectable native cuisine and some possibility for an adventurous trip.

Da Nang in the nation’s center, Ho Chi Minh City in the south, and Hanoi, the nation’s capital, are among its major cities. These cities will have the greatest job opportunities.

The Vietnamese Dong is one of the few currencies to have declined in value versus the dollar in recent years, trading at around VND23,000 to $1 at the moment.

Popular jobs here

Teaching English is the most sought-after occupation for foreigners in Vietnam.With normal monthly salary of $1,100 to $1,700 USD, which are higher than in many neighboring countries, English teachers have a variety of possibilities.

Cost of living

Like most countries, the cost of living in Vietnam varies depending on which city or region you are in. The cost of living in urban regions like Ho Chi Minh City and Hanoi is undoubtedly higher than in rural areas, but so is the salary. Renting a tiny apartment costs about $250 per month, while meals out cost from $1 to $3 at local restaurants or on the street and about $10 in Western-style establishments. Taxis are about $0.50 per kilometer, while local public transportation costs about $0.30.

2. Costa Rica

Costa Rica is the most well-known country in Central America, and with good reason (other than the fact that it is one of the ten cheapest countries to live and work). Thanks to its beautiful jungles, breathtaking beaches, and welcoming residents, you will instantly fall in love with this country and its “Pura Vida” spirit.

As one of the least expensive nations for Americans to live in, you won’t go bankrupt while living and working in Costa Rica. Visitor interest in Costa Rica has increased significantly as a result of how easy it is to find cheap flights from the US. Costa Rica has a higher cost of living and higher salaries when compared to nearby countries like Guatemala and Nicaragua.

Popular jobs here

Teaching English, Tourism, SCUBA Diving

Cost of living

According to location and apartment size, rent ranges from $300 to 800 a month, while the price of a meal at a nearby restaurant ranges from $3 to $6. Local transportation costs as little as $0.70 per trip.

3. Bulgaria

If you continue with us, you might be shocked to discover Bulgaria on our list of the nations with the lowest cost of living and employment. Consider relocating to Eastern Europe if the high cost of living in countries like France and Italy prevents you from working and living there. Bulgaria is one of the more affordable countries to live in and has swiftly become a popular tourist destination. Bulgaria’s central location makes it the best destination to visit the region on a budget while yet living like a king because nations like Greece, Turkey, and Romania are right on your doorstep. There are numerous sights and activities to enjoy in Bulgaria, which has a lengthy and colorful history spanning more than 8,000 years.

Cost of living

A lunch at a cheap restaurant will cost you about $5, while a ride on the public transportation may be had for as little as $1. The monthly rent for a 1-bedroom apartment starts at $230.

4. Mexico

Three times to Mexico Why make multiple journeys when most Americans and Canadians can get to Mexico quickly by plane? Everybody can find something to like in Mexico. Think of the Caribbean waters, Mayan ruins within the rainforest, and tranquil Pacific Ocean beach villages. Oh, and did we mention the street food?

The food is not only delicious but also incredibly affordable. Popular dishes include tacos, tamales, ceviche, and aguas frescas. Living expenses may be a fourth of what they are in Western cities if you stay away from tourist hotspots like Cancun or Playa del Carmen and select more regional locations instead, such as Merida or Guanajuato.

Cost of living

Street food prices start at $1 each meal, one-bedroom apartments range from $200 to $500 per month, and monthly passes for public transportation start at $16.

5. South Africa

Are you interested in working and residing overseas but concerned about the language barrier? There are certain English-speaking countries that are more economical, such South Africa, which is fifth on our list of the finest and cheapest locations to live, so you no longer need to be concerned. South Africa has the potential title of least costly English-speaking country to live in.

The majority of South African cities offer a good level of living that is comparable to that of Western cities, making the transition considerably easier, so you can get by without going to language school. As a result, it is a serious contender for the title of most affordable English-speaking country.

And if that wasn’t enough, the southernmost country in Africa also has some of the world’s most diverse natural environments. In South Africa, which offers everything from safaris to whale watching, river rafting to zip lines, you won’t get bored.

Popular jobs here

Teaching English is still a well-liked alternative even though South Africa is an English-speaking nation with ten official languages. Additionally, there are numerous chances in tourism and with foreign businesses.

Cost of living

A domestic beer costs about $1.70, a one-bedroom apartment rents for about $350-500 per month, and a supper at a nearby restaurant starts at $8.

6. China

Although working in China may not be on your usual list of places to work overseas, it may be both economical and lucrative. There are many job chances because the economy is expanding and salaries in this nation are higher than in many other Asian nations. Large cities like Shanghai and Beijing will undoubtedly have greater living expenses, but they will also have far higher earnings. While you’re in China, which is a wonderful place to travel and where many work abroad programs conduct events and even provide free Mandarin classes, you might as well pick up a new language.

Cost of living

If you stay away from the largest cities, the cost of living in China may be surprisingly affordable. A lunch at a nearby restaurant costs about $3, and rent for a one-bedroom apartment starts at $300.

7. South Korea

South Korea entered the list despite not being the most affordable country in which to live and work due to its competitive earnings and occasionally granted free housing through programs, which greatly lowers the cost of living. Making this career choice is obvious given that South Korea has developed into one of the top locations in the world to teach English abroad. Since its modern cities are comparable to those in the United States and Europe, the scenery is beautiful and diverse, the food is delicious, and the people are nice, Korea is a great place to work, save money, and travel.

Cost of living

Even while rent in Korea is more expensive than in other Southeast Asian nations, it is still quite reasonable, with restaurant dinners starting at $6 and rent for 1-bedroom apartments starting at about $375.

8. Thailand

If Thailand wasn’t included, it wouldn’t be on any list of the best and most affordable nations in the world. Long before the release of the movie “The Beach,” tourists from all over the world fell in love with the Land of Smiles. Even in major cities like Bangkok and Chiang Mai, the cost of living is very reasonable. Beach resorts are still reasonably priced even if they are much more expensive than other beach resorts across the world.

Thailand’s clear waters, vibrant culture, and mouthwatering cuisine make it a great place to live and work. And to top it all off, Thailand is among the safest and least expensive places in the world to live.

Cost of living

For instance, in Chiang Mai, a comfortable lifestyle may be had on $600. Street booths, markets, and mall food courts all provide $1 meals. Rent for a studio in a building designed in the West starts at $150 per month. An average public bus ride costs $0.30.

9. Peru

Peru can be the perfect destination for you if you’re looking for a once-in-a-lifetime trip on a limited budget—it’s also one of the most affordable places to live and work! It is one of the world’s cheapest countries, therefore your money will go a lot farther here than it would in other South American countries. Despite the fact that everyone should hike the Inca Trail and visit Machu Picchu, there are many other undiscovered gems to find. Living and working in Peru will provide you lots of chances to travel throughout the Inca empire, from the Amazon rainforest to the Ica sand dunes.

Cost of living

While a dinner at the neighborhood market can cost you between $1 and $3, rent for a 1-bedroom apartment might be as low as $250.

10. Poland

If you wish to work and live in one of Europe’s most affordable countries, Poland is a great and just choice. Despite having far less of a reputation than its neighbor Germany, Poland is steadily becoming a popular travel and expat destination. Warsaw and Krakow, Poland’s two largest cities, are both fairly contemporary and provide all the amenities available in the West, but at a fraction of the cost of a trip to Germany. There are several well-paying professional service careers available in addition to teaching.

Poland will pique the interest of EU citizens because it is a Schengen member and visa-free travel is permitted there.

Conclusion

You can now go ahead and choose to travel to any of the cheapest countries to live and work in without the fear or spending so much; you are free to share our articles online and read other ones too.

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