Looking for the most affordable places to live in 2025? Two new reports from International Living showcase 11 destinations that offer low living costs and a high quality of life.
Looking for the most affordable places to live? Or even better—how about the best places to live in the world that are so affordable you might not need to work?
For the past nine years, I have been kicking off the new year with an article on how to live the dream by moving to a country where the living costs are just a fraction of what they are in the United States. Over the years, this annual story has become a trusted resource for people eager to embrace a more adventurous and cost-effective way of life.
For 2025, I have once again turned to the experts at International Living, which has just released two new reports for 2025: one highlighting the five most affordable places to live in the world and another spotlighting six up-and-coming retirement regions to watch. These reports are subsets of the brand’s Annual Global Retirement Index, which the company released early due to the increase in demand after the recent presidential election.
Together, these new reports identify 11 destinations where the cost of living is so low that the need to work could become a choice rather than a necessity. “Our goal is to provide a practical, trustworthy tool for people looking to lead a more international life,” Jennifer Stevens, executive editor at International Living, told me in an interview.
“Folks can embrace a life that typically moves at a slower pace, feels kinder, lives richer and, all the while, costs less.
Jennifer Stevens, executive editor at International Living
“Whether motivated by politics or economics or a sense of adventure—or, as is often the case, a bit of all three—in the right communities abroad today, folks can embrace a life that typically moves at a slower pace, feels kinder, lives richer and, all the while, costs less than it would to stay home.”
Another perk: “At a time when lots of people report they’re worried about making ends meet or having to work forever, looking to good-value spots abroad where expats have a path to permanent residency can open up all kinds of options,” says Stevens.
Compare the latest places to previous reports from 2024, 2023, 2022, 2021, 2020, 2019, 2018 and 2017, where I showcased a range of affordable destinations. While affordability is still a key factor, this year’s list goes deeper, exploring the growing demand to leave the U.S. in search of better work-life balance, improved quality of healthcare and a simpler, more fulfilling lifestyle.
However, it’s important to acknowledge the gentrification controversy that often arises when Americans move into new communities. “It’s crucial for expats to understand their impact on local communities and to strive to be productive, respectful members of their new homes,” says Stevens. “Being aware of how you fit into and affect the broader community is essential to creating a harmonious balance.”
So whether you’re dreaming of living by the beach, in a mountain retreat or in a cosmopolitan city, read on for 11 destinations that offer a chance to rewrite your future in 2025. And for a deeper dive into these and other places, you can also check out International Living’s Annual Global Retirement index.
Most Affordable Places To Live: Colombia
Why: “Colombia stands out for its incredible affordability combined with a rich cultural experience,” says Stevens. “Expats here enjoy a high quality of life for a fraction of the cost back home. From affordable healthcare to inexpensive dining, Colombia offers an unbeatable balance of cost, comfort and real sophistication.”
Where to Move: International Living recommends Medellín, known as the “City of Eternal Spring”—it’s got perfect weather and a cosmopolitan vibe. In the Coffee Triangle, Pereira and Manizales offer tranquility and breathtaking views, while coastal cities like Cartagena provide the best in beachside living.
The Cost: According to International Living, monthly living expenses for a couple start at $1,500. A two-bedroom apartment rental in a desirable part of Medellín can start at $800 per month. Rental prices drop to $500 or less in smaller cities like Pereira. Utilities, including water, electricity and internet, average $100 per month. Dining out is a delight, with lunch specials for $4 and gourmet meals for $20. Healthcare costs are also low, with doctor visits averaging $30.
Most Affordable Places To Live: Vietnam
Why: “Vietnam’s affordability is unmatched,” says Stevens. “From $3 street food to modern apartments you can rent for under $300 a month, it’s no surprise this country is a top choice for budget-savvy expats. The bonus? You’re surrounded by breathtaking landscapes and a culture rich in tradition.”
Where to Move: On International Living’s shortlist: Hanoi and Ho Chi Minh City for people seeking city life, while Da Nang and Hoi An are all about small-town living by the beach.
The Cost: According to International Living, monthly living expenses start at $1,200 for a couple. A furnished one-bedroom apartment in Hanoi’s Old Quarter costs about $275 per month, including cleaning services and most utilities. Dining out is affordable, with upscale meals averaging $10 and street food like pho just $3. Healthcare is another bargain—think, doctor visits for $20 or less.
Most Affordable Places To Live: Bali, Indonesia
Why: “Bali continues to be a top choice for those seeking a tropical lifestyle that’s as affordable as it is idyllic,” says Stevens. “Whether it’s enjoying spa treatments, renting a charming villa or dining out for next to nothing, Bali is a place where the cost of living doesn’t hold you back from living life to the fullest.”
Where to Move: International Living recommends Seminyak for an upscale beach town vibe, while Ubud is the place for yoga devotees. For a quiet hideaway, check out smaller villages like Canggu.
The Cost: According to International Living, you can find one-bedroom villa near the beach for about $1,325 per month, including utilities and housekeeping. You’ll pay $40 for two at an upscale restaurant, while local warungs serve meals for as little as $4. Healthcare is also affordable, with doctor visits averaging $13 and wellness treatments like massages starting at $20.
Most Affordable Places To Live: Thailand
Why: “Lots of expats call Thailand home—and with good reason. Whether you’re enjoying fresh seafood for just $4 or accessing world-class healthcare for a small fraction of U.S. prices, it’s easy to see why it’s such a popular choice,” says Stevens. “You have tropical beaches, more temperate options, big cities and this lovely intersection of traditional culture with truly modern amenities and comforts.”
Where to Move: On International Living’s list: Bangkok for city lovers, Chiang Mai for a cool mountain climates and Phuket for some of the best beachside living in the world.
The Cost: According to International Living, you can rent a luxury condo near the beach in Phuket for about $600 per month, while a high-end meal costs around $25 for two. Healthcare is also affordable (and world-class), with routine check-ups costing under $50 and surgeries available at one-third of U.S. prices.
Most Affordable Places To Live: Malaysia
Why: “Malaysia strikes the perfect balance between modernity and affordability,” says Stevens. “It’s hard to beat Malaysia when it comes to bang for your buck.”
Where to Move: “From high-rise condos in Kuala Lumpur to seaside living in Penang, this country offers expats the chance to live a cosmopolitan life at an almost shockingly low cost,” says Stevens. For nature lovers, smaller towns like Ipoh offer peace and quiet along with modern amenities.
The Cost: According to International Living, monthly living expenses for expats starts at $1,500 for a couple. You can find a three-bedroom apartment rental for $600 to $1,200 per month. Dining out in Malaysia costs as little as $2 at hawker stalls. Healthcare is highly affordable, with routine visits averaging $10 to $30.
Most Affordable Places To Live: Azuero Peninsula, Panama
Why: “The Azuero Peninsula is Panama’s best-kept secret—a region where life slows down, costs are low and the beaches are pristine,” says Stevens. “If you like the idea of following the get-there-first surfers to a coast that’s not yet on the mainstream radar, put this region on your go-to list.”
Where to Move: “Whether it’s the expat-friendly village of Pedasí or the cultural richness of Chitré, this is a place for those seeking simplicity with a touch of charm,” says Stevens.
The Cost: According to International Living, rental homes start at $600 per month, while buying property near the beach is still affordable compared to other tropical regions. Dining out is a bargain, with meals from $5 to $10. Healthcare costs are minimal, with doctor visits averaging $25.
Most Affordable Places To Live: Green Spain
Why: “Northern Spain is an area where the Spanish vacation—the locals know about it, but it’s not on the mainstream tourist circuit—yet,” says Stevens. “It offers a lifestyle that feels timeless—rolling hills, quaint fishing villages and a cost of living that lets you enjoy life to the fullest. It’s perfect for people who value peace, quiet and the authenticity of small-town European living.”
Where to Move: For lush landscapes and seaside living, International Living recommends Galicia, Asturias and Cantabria. If you’re looking for city life and great food, check out San Sebastián and Bilbao, both in the Basque Country.
The Cost: According to International Living, monthly living expenses start at $1,500 or a couple, depending on the location. Rentals in small towns like Santander average $750 a month. Utilities, food and dining out are affordable, and healthcare is either free or inexpensive under Spain’s public or private systems.
Most Affordable Places To Live: Coastal Montenegro
Why: “Montenegro’s stunning Adriatic coastline offers a mix of natural beauty, affordability and rich cultural history. Nearby Croatia is on the mainstream radar, but Montenegro—every bit as compelling—is underappreciated,” says Stevens. “Whether you’re enjoying fresh seafood by the water or exploring its scenic hiking trails, Montenegro provides a fulfilling lifestyle for a fraction of the cost of Western Europe.”
Where to Move: International Living recommends seaside Tivat and Kotor, while Bar is an even quieter option with even more affordable prices.
The Cost: According to International Living, monthly living expenses for a couple average $1,800. Rentals in seaside towns start at $450 per month. Fresh seafood meals cost just $10. Healthcare is also affordable, with doctor visits costing around $30.
Most Affordable Places To Live: Northern Portugal
Why: “Northern Portugal is a hidden gem, where you can experience authentic Portuguese culture in towns that are still untouched by tourism,” says Stevens. “Word on the street is that prices have gone up in Portugal—but that’s not really the case in this northern area.”
Where to Move: “From the medieval charm of Caminha to the seaside beauty of Esposende, this region offers incredible value for retirees,” says Stevens. Another International Living pick: Viana do Castelo, which has a balance of urban conveniences and small-town charm.
The Cost: According to International Living, a couple can live well for $2,000 per month or less. Monthly rentals range from $530 to $750. Dining out is a bargain, with meals at local tavernas for $15 a person.
Most Affordable Places To Live: Southern Zone, Costa Rica
Why: “The Southern Zone of Costa Rica is where expats go to reconnect with nature,” says Stevens. “With its lush green mountains, warm community feel and surprisingly affordable living, this region offers the perfect balance of adventure and tranquility—plus it’s become a real ‘foodie escape’ where you’ll find surprisingly sophisticated international restaurants.”
Where to Move: International Living’s picks in the Southern Zone of Costa Rica include San Isidro del General, a mountain city with a cool climate. For beach living, check out towns like Dominical and Ojochal, which also have thriving expat communities.
The Cost: According to International Living, you can find furnished rentals starting at $700 a month, depending on location and amenities. Dining out costs $10 to $15. Healthcare is excellent—residents can pay into Costa Rica’s socialized system.
Most Affordable Places To Live: The Peloponnese, Greece
Why: Just a short drive from Athens, you’ll find the Peloponnese—a region filled with stunning beaches and ancient stone villages. “For a retirement filled with sun, sea and history, the Peloponnese is hard to beat,” says Stevens. “It’s got a Mediterranean lifestyle at a fraction of the cost on most of the islands.” Another thing going for this area: “Because you’re on the mainland, it’s convenient to get in and out—and easier to stay year-round.”
Where to Move: International Living recommends Nafplio, a charming town with Venetian architecture. Kalamata is a bustling city near beautiful beaches. For a quieter, traditional Greek village lifestyle, check out the Mani Peninsula.
The Cost: According to International Living, rentals range from $320 in smaller towns to $750 in larger cities like Kalamata. Dining out costs around $16 per person.
This story was originally published on forbes.com and all figures are in USD.
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