According to a summary published in Forbes magazine, the list of 11 destinations with the cheapest living costs in the world is strongly attracting early retirees, freelancers, long-term job seekers or those who want to "change their lives" in a slower direction.
Dynamic city, peaceful coastal life
Vietnam has been assessed for many years as one of the countries with the lowest living costs for foreigners.
From Hanoi, Ho Chi Minh City to Da Nang, people living here can easily access cheap cuisine, affordable rental housing and basic services at a much lower cost than in the US or Europe.
The combination of vibrant urban life and quiet coastal options makes Vietnam a flexible destination for many international residential groups.
Sri Lanka: Affordable tropical paradise
Sri Lanka regularly ranks at the top of living standards rankings. With long coastlines, cool highlands and low rents, this South Asian island nation allows foreigners to maintain a simple life with a modest budget.
Familiar choices for foreigners
From quiet Chiang Mai to tropical islands, Thailand still retains its appeal thanks to low living costs and stable service quality.
Many types of long-term residency visas help foreigners easily live without a fixed job.
Combining urban and sea
Mexico offers many choices, from bustling capitals to famous ancient cities and beaches. House, food and service prices are significantly lower than in North America, helping foreigners extend their living budgets.
South American nation with minimal costs
Ecuador is highly appreciated for its low rent, affordable medical care, and friendly foreign community. Diverse landscapes from the Andes to the Pacific coast create long-lasting attraction.
Modern amenities, reasonable prices
Cities like Kuala Lumpur or George Town combine modern infrastructure with low living costs. Good healthcare, convenient transportation and stable living environment are great plus points.
Value beyond expectations in Latin America
Colombia, especially Medellín, is famous for its pleasant climate and low housing costs. Many foreigners comment that the living standards here allow them to "live more comfortably" with the same savings.
Slow pace of life, minimum cost
Phnom Penh and Siem Reap attract foreigners thanks to very cheap rents, food and services. Simple life, low pressure is the main reason why Cambodia is on this list.
Penang (Malaysia): High quality of life, low price
Penang stands out with its coastal life, rich culture and low living costs compared to many developed countries. Wide English proficiency and good medical skills make this place attractive to retirees.
Central America's cheap paradise
Although rarely mentioned, Nicaragua is gradually attracting attention thanks to low house prices, cheap food and a peaceful pace of life.
Hidden gem of Europe
With living costs among the lowest in Europe, Albania has become a new choice for those who want to live in the old continent without spending money.
