Each year, many people travel to the United States in quest of a permanent residence that will meet all of their requirements and desires. As the price of basic products and services increases from around the world, it has become harder to find a destination to relocate to that provides not only the essentials but also affordable luxury.
Check out this list of some of the greatest nations to live in where luxury is cheap if you’re looking for a spot to move permanently or a location for a short, international sabbatical.
8 Addis Ababa, Ethiopia
Addis Ababa, Ethiopia, is among the most popular cities for ex-pats seeking a luxurious and affordable lifestyle, as a liter of gas costs just under one dollar. Over the years, the city’s reputation as a significant producer of coffee, plastic, fabrics, and food and as a center of Ethiopian culture and trade has increased.
The rent is 50% less expensive than in New York, with a two-bedroom apartment costing approximately $200 outside the city. In Los Angeles, a ticket to a popular film costs $3.66, compared to $10 in New York City. Addis Ababa, a magnificent East African city brimming with economy and social development, is a terrific place to live affordably and in luxury.
7 Vietnam
Vietnam, then one of the world’s poorest nations, has grown and evolved as a nation during the past three decades. In Vietnam’s most expensive cities, such as Ho Chi Minh City and Hanoi, a monthly budget of $1,500 is sufficient for two individuals to live extremely comfortably.
The average monthly cost for a single person, excluding rent, is $439, and if you have a higher budget, you may live luxuriously in the Asian nation for substantially far less than the United States.
6 Malaysia
In Batu Ferringhi, Malaysia, one may rent a luxurious beach house with three bedrooms and a view of the water for as little as $403 per month. The country is the epitome of beach living, with sandy shores at your doorstep.
If a traveler was injured and required hospitalization while visiting the country, their medical bill was only $43, a significant difference from an emergency room price in the United States. By relocating to Malaysia, you may turn every day into a beach holiday without ever leaving your garden.
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5 Managua, Nicaragua
While Nicaragua is the second-poorest nation in the world, the capital city of Managua is home to large enterprises such as Walmart. It is a financial center, and many foreigners retire and settle there permanently from outside the United States.
The average rent for a two-bedroom apartment is $800, and the average living cost for a single individual is approximately $540. In Managua, a liter of gas costs only $1.23, and the living costs are 58% lower than in New York. Be mindful that Managua has a high crime rate, and conduct research before relocating there.
4 Mexico
Mexico has risen in popularity among retirees seeking affordable luxury living and high-quality healthcare. A couple of retirees may live rent-free in Cancun for between $1,500 and $3,000 per month, which is 85% less than the rent in New York. The monthly cost of living for a single person would be roughly $494.
The nation has been attempting to further improve its healthcare system and is implementing programs to assist senior citizens. With a diversity of tropical climes, Mexico offers low-cost living without sacrificing luxury amenities.
3 Panama
Panama, the sole First World metropolis in Central America, provides international luxury living without being too distant from the United States. A beachfront condo in Panama City costs approximately $1,500 per month, while rent, utilities, food, and entertainment cost approximately $2,600 per month.
Outside of Panama City’s tourist-filled coastlines, the price of living is considerably lower. Panama has one of the strongest programs for retirees in the world, therefore ex-pats seeking a permanent home may be found all throughout the country.
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2 La Paz, Bolivia
In comparison to New York, rent in La Paz, Bolivia is 89.5% less expensive on average. A liter of gasoline costs 38 cents, yet a deluxe two-bedroom flat on a hill can be had for $650. La Paz is the commercial and financial capital of Bolivia and has begun to draw ex-pats from all over the world. The average monthly cost of living in a big city, without rent, is $509.
1 Lisbon, Portugal
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Lisbon, Portugal is a beautiful seaside city where one can live happily on a budget, making it a popular destination in Europe. Portugal has made it exceedingly easy for foreigners to become European citizens; it has one of the continent’s lowest luxury living prices.
The monthly price for a single individual is approximately $623, and a quality residence in the city may be found for approximately $550 per month.
READ NEXT: A Haven Of The Rich: What Makes Monaco One Of The Most Expensive Countries In The World
Sources: USA Today, Go Way, Rough Maps
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