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Where is the cheapest place to live in the world?

The cheapest countries in the world are Pakistan, Egypt, and Bhutan. To live comfortably in one of these states, a person needs under $400 per month. These countries, however, are unconventional choices for expats and digital nomads because of their low levels of safety and quality of life.



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The cheapest countries in the world are Pakistan, Egypt, and Bhutan. To live comfortably in one of these states, a person needs under $400 per month. These countries, however, are unconventional choices for expats and digital nomads because of their low levels of safety and quality of life.

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Without further ado, here are the cheapest English-speaking countries to retire:
  • Malta. Cost of Living: $1,340. ...
  • Vietnam. Cost of Living: $1,300. ...
  • Panama. Cost of Living: $1,112. ...
  • St. Kitts and Nevis. ...
  • St. Lucia. ...
  • Malaysia. Cost of living: $1,008. ...
  • Belize. Cost of living: $1,000. ...
  • Grenada. Cost of Living: $1,000.


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Bulgaria. Bulgaria is one of the cheapest and safest countries to retire in. Enjoying a rich history and culture, retirees get to experience magnificent beaches, ancient ruins, and delectable cuisine in the country. The cost of living in Bulgaria is, on average, 45.7% lower than in the United States.

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Dominican Republic, Belize (the only English-speaking country in Central America), Costa Rica, and Panama are a few of the most affordable islands to live on and double up as top destinations to visit.

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It's still VERY hard to pull off living on $1000 a month. Even if you can walk away from rent with $700 a month in your pocket you still have electricity, internet, and whatever other utilities left over. Odds are you're down to $550-$600 at best after that. That's all transportation and food.

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Best Cities to Retire on a Budget of $1,500 a Month
  • Casper, Wyo. Total Monthly Expenditures: $1,473. ...
  • Davenport, Iowa. Total Monthly Expenditures: $1,472. ...
  • Lubbock, Texas. Total Monthly Expenditures: $1,456. ...
  • Lorain, Ohio. Total Monthly Expenditures: $1,442. ...
  • Cedar Rapids, Iowa. ...
  • Lawton, Okla. ...
  • Lynchburg, Va. ...
  • Grand Forks, N.D.


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