The Best Countries with Low Cost of Living and High Quality of Life
When searching for a combination of affordable living and a high quality of life, several countries stand out for offering just that—remarkable landscapes, great culture, and high standards of living, without burning a hole in your pocket.
These countries provide something special for expats, retirees, and adventurers looking to make the most of their time abroad without sacrificing modern amenities or cultural experiences.
Let’s dive into the best nations where low cost of living meets a high quality of life.
Portugal remains one of the most affordable countries in Western Europe, particularly for North Americans seeking a cost-effective lifestyle. You can live comfortably on a monthly budget of $2,500 to $3,000 for a couple, especially in the interior regions.
Housing is one of the primary expenses, but even in Lisbon, rents for a one-bedroom apartment are often less than $1,000. Groceries, dining out, and utilities are also affordable, with meals in rural areas costing as little as $5 and utility costs averaging around $85 to $140.
Portugal’s healthcare system is well-regarded globally and offers affordable services with private health insurance available from as low as $30 per month for younger couples. Public healthcare is also excellent and available at little or no cost to citizens and residents, with an average life expectancy of 82.47 years.
The country’s extensive coastline offers a variety of outdoor activities, including surfing, hiking, wine tasting, and even whale watching, making it ideal for nature lovers.
Portugal’s favorable climate and year-round outdoor activities add to the appeal, with mild winters and hot summers in the south, and cooler temperatures in the north.
Turkey offers an irresistible combination of low cost of living and an incredibly rich cultural experience.
The country’s stunning landscapes, vibrant markets, and historical landmarks make it a must-see for tourists, while its low housing, food, and transportation costs make it an excellent choice for expatriates.
In cities like Istanbul and Ankara, a comfortable lifestyle can be maintained for as little as $1,500 per month, and utility costs remain affordable.
Turkey also offers a healthcare system with affordable private options, and the cost of living is significantly lower compared to European counterparts.
Turkey’s Mediterranean climate, combined with its ancient ruins, bustling markets, and modern amenities, provides a unique blend of the old and new.
Whether you’re exploring the ruins of Ephesus, relaxing on the beaches of Antalya, or enjoying a cup of Turkish tea in the heart of Istanbul, you’ll experience a high quality of life at a very reasonable cost.
Vietnam is rapidly becoming one of Southeast Asia’s most sought-after destinations for expats and retirees looking for affordability with a high quality of life.
The country boasts stunning natural landscapes, including beaches, mountains, and jungles, and is home to some of the world’s most delicious food.
Monthly expenses in Vietnam can range from $1,000 to $2,000 for a comfortable lifestyle, including rent, groceries, and entertainment. Local markets offer fresh, affordable produce, and dining out is incredibly inexpensive.
Vietnam’s healthcare system, while still developing, is improving and offers both public and private options, many of which are very affordable compared to Western standards.
The country’s burgeoning expat communities and the growing availability of international schools, particularly in cities like Ho Chi Minh City and Hanoi, make it an ideal choice for those seeking an affordable lifestyle with the benefits of modern living.
Mexico is a prime destination for those seeking a cost-effective lifestyle without sacrificing quality.
With its warm climate, beautiful beaches, rich culture, and proximity to the U.S., Mexico offers an affordable way of life for expats and retirees. Depending on the region, a couple can live comfortably for as little as $1,500 per month.
Cities like Puerto Vallarta, San Miguel de Allende, and Mérida are particularly popular for their expat communities and relatively low living costs.
Mexico’s healthcare system is affordable and offers both public and private care, with private insurance starting at approximately $300 per year.
Many expats also use Mexico as a gateway for easy travel around Latin America. The country’s rich culture, food, and history make it a fantastic destination for those who want a fulfilling life at a lower cost.
Malaysia is increasingly becoming a popular choice for expatriates looking for a low-cost yet high-quality lifestyle.
The country offers world-class infrastructure, modern amenities, and a fantastic healthcare system, all at affordable prices. Cities like Kuala Lumpur and Penang are particularly attractive, offering lower housing and grocery costs compared to other Asian metropolises.
A couple can live comfortably for around $2,000 per month, including rent, food, and utilities.
Malaysia’s healthcare system is one of the best in Asia, with affordable private healthcare and medical insurance available at competitive rates.
The country is also known for its cultural diversity, offering a blend of Malay, Chinese, Indian, and indigenous influences, making it a melting pot of cultures.
Malaysia's tropical climate ensures warm weather year-round, with opportunities for outdoor activities and travel to nearby islands.
These countries offer a perfect mix of affordable living costs and an impressive quality of life.
Whether you're drawn to Portugal’s rich history, Turkey’s cultural experiences, Vietnam’s natural beauty, Mexico’s welcoming climate, or Malaysia’s diverse culture, each of these destinations provides a fulfilling lifestyle at a fraction of the cost of living in Western countries.