In a world where living costs seem to climb higher every year, finding places where your money goes further can feel like striking gold. According to the 2025 Cost of Living Index, there are still hidden gems around the globe where you can live comfortably on less than $1,000 a month. From tropical escapes to vibrant cultural hubs, these eight countries prove that affordable living doesn’t have to mean compromising on lifestyle. Whether you’re a remote worker, retiree, or digital nomad in search of your next destination, this list will show you where your dollar stretches the farthest in 2025.
Vietnam
Southeast Asia’s hidden gem continues to surprise with its rock-bottom prices and modern infrastructure. Vietnam is one of the most affordable countries in Southeast Asia, with an average cost of living of $500-700 per month.
A one-bedroom furnished apartment in Hanoi’s Old Quarter costs $275 per month, including cleaning twice a week and all utilities except electricity. Meanwhile, fiber-optic internet costs about $10 per month in Vietnam, and a monthly prepaid plan on a cell phone, which includes calls and data, costs $4.
Food expenses remain incredibly modest, with food, which costs between $1 and $3 per serving, being among the cheapest in the world, and transportation, at $0.15–0.50 per trip, is many times cheaper than in most Western countries. The combination of affordability and quality makes Vietnam particularly attractive for digital nomads.
Thailand
Thailand is one of the top-rated countries for the cheapest living, with an average cost of around $600–900 per month. This tropical destination has earned its reputation as a premier location for Americans seeking affordable living without sacrificing quality of life.
Housing remains the biggest bargain, as rent in Thailand ranges from $200 to $400 per month, making it affordable even for budget travelers. Daily expenses stay remarkably low too, with in Thailand a beer is ~70 THB (~$2.10). An unlimited data internet SIM card will cost $11 a month, and your water bill will be around $6 a month.
Popular cities like Chiang Mai and Bangkok offer vibrant lifestyles, with average monthly living costs of $800. The country’s excellent healthcare system and established expat communities make transitioning surprisingly smooth.
Bulgaria
Europe’s most affordable entry point offers Western conveniences at Asian prices. Bulgaria stands out in the EU for low living costs. Sofia offers rental rates of $300–$500, and groceries cost about $200 monthly.
The total monthly budget stays refreshingly manageable, with the average cost of living in Bulgaria ($941) being 85% more expensive than in Tunisia ($507). This puts Bulgaria well within reach for most budgets while providing EU membership benefits.
Sofia particularly appeals to remote workers seeking European culture without devastating expenses. Sofia and Plovdiv offer a European lifestyle at a fraction of Western costs, making Bulgaria an attractive stepping stone for those wanting European residency.
Malaysia
Malaysia combines modern conveniences with an affordable cost of living, making it a popular choice for expats. Compared to the U.S. and Canada, everyday expenses in Malaysia are refreshingly low, allowing for significant savings without giving up any creature comforts.
Housing costs vary by location but remain reasonable throughout the country. In Kuala Lumpur and Penang, a three-bedroom apartment with modern amenities rents for between $600 and $1,200 per month, providing expats with spacious accommodations at a fraction of the cost in cities like New York or Toronto.
Food expenses stay particularly modest, as meals at hawker stalls cost as little as $2, and high-end restaurants are reasonably priced, with meals for two rarely exceeding $25. Local markets offer fresh fruits, vegetables, and seafood at low prices, while imported goods are also available for those seeking Western comforts.
Colombia
Colombia consistently ranks as one of the most affordable destinations in Latin America for expats. Despite occasional political fluctuations, the country is a safe and welcoming option for retirees. The diversity of cities offers something for every lifestyle preference.
While cities like Bogotá, Medellín, and Cartagena are popular, Colombia’s mid-sized cities, such as Pereira, Manizales, Bucaramanga, and Santa Marta, offer a high quality of life at a fraction of the cost. In these cities, expats can expect a monthly budget of $1,000 to $2,000 to cover comfortable living expenses.
Grocery costs remain incredibly reasonable, with fresh produce being particularly affordable. You can get away with spending about 100,000 Colombian Pesos ($21) weekly on groceries as a single person. Here are some prices of everyday goods: 50 cents for a bottle of water, $3.80 for a chicken breast, 93 cents for a 2.2 lbs bag of white rice, and 75 cents for 2.2 lbs of onions.
Tunisia
North Africa’s Mediterranean jewel offers European charm at developing-world prices. Tunisia is just a dollar ahead of India, with a cost of living at $424, making it one of the absolute cheapest destinations globally.
For those seeking Mediterranean charm without European prices, Tunisia provides an attractive alternative. The country’s strategic location provides easy access to both Europe and Africa while maintaining incredibly low costs.
The nation’s rich history, stable government, and growing expat community make it increasingly attractive for those seeking cultural immersion alongside financial savings. French language skills prove helpful, though English is increasingly understood in tourist areas.
Mexico
America’s southern neighbor has become increasingly attractive due to recent currency fluctuations. The Mexican peso fell approximately 18-19% against the U.S. dollar in 2024, creating even better value for American expats.
Mexico’s proximity to the United States makes it particularly attractive for Americans seeking affordable living. Mexico also has a very generous visa policy – six months on arrival for Americans, which helps keep total living costs low. This convenience factor reduces relocation stress significantly.
Living costs vary dramatically by region, with U.S. grocery prices running approximately 74% higher than in Mexico, while a three-course dinner for two in Spain or Mexico may come in under $30, compared to $50+ for the same in many Western cities. There are some lovely apartments along the beach for under $1000 and further away from the coast for $500 or less.
India
The subcontinent offers perhaps the greatest purchasing power stretch globally. The third country on the list, India, holds an average cost of living at $423 per month, still under half a thousand dollars. This makes India one of the most budget-friendly destinations worldwide.
Major metropolitan areas like Mumbai and Delhi cost more, but secondary cities provide incredible value while maintaining modern amenities. India has world-class private hospitals in major cities, ensuring quality healthcare access despite the low costs.
India also has widespread English usage, eliminating language barriers that complicate life in many other affordable destinations. The established expat communities in tech hubs like Bangalore provide ready-made support networks for newcomers.
The world has fundamentally changed, creating opportunities that previous generations could never imagine. These eight countries prove that quality of life doesn’t require sacrificing your entire paycheck. Whether you’re drawn to Southeast Asia’s tropical appeal, Europe’s cultural richness, or Latin America’s vibrant communities, affordable living awaits those bold enough to explore beyond traditional boundaries.
What destination captures your imagination? Share your thoughts in the comments below.