10 Cheapest Countries to Live and Work 2024

10 Cheapest Countries to Live and Work

Last Updated on January 3, 2024 by Akwaowo Akpan

These great article is about cheapest countries to live and work and all you need to know about it.Have a nice read. Do you ever catch yourself gazing out the office window while daydreaming about having an overseas adventure or visiting a new location?

The desire to escape the 9 to 5 grind is shared by many of us, and more and more individuals are really doing it. Sure, you reply, “Perhaps if I hit the lottery, I’ll work abroad.”Let’s take you through the cheapest countries to live and work. Please use the comments section to ask questions or to share any thoughts if you found the article to be interesting.

Step 1: Find out which nations are the best and cheapest to live in.

Step 2: Look for a job in that country!

The good news is that travel does not have to be costly. There are several low-cost countries where you can live, work, and travel while getting a lot more bang for your buck. We’re going to look at the ten best and cheapest countries to live and work in today. However, first and foremost

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How a lower cost of living can be one of the best perks to working abroad

It is true that if you chose expensive destinations, your hard-earned money may not go very far. However, most people assume that long-term travel or living abroad will be unreasonably expensive. You might be surprised at how well you can live on a little wage, though, if you stay away from well-known, expensive locations like Italy or Australia and stick to some of the world’s cheapest countries to live and work in. Why not explore the world, experience different cultures, and earn a respectable living instead of spending your days toiling away in a downtown office?

The low cost of living is actually one of the main drivers for many people to relocate and find employment abroad. Even though your salary will probably be lower, your costs should also be lower. Additionally, a variety of well-paying occupations are accessible, enabling you to make the most of your money while residing in an affordable area.

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10 best and cheapest countries to live and work

Here are 10 of the cheapest countries to live and work this year, according to meaningful travelers like YOU.

1. Vietnam

For those who want to live and work in an exotic area without spending a fortune, Vietnam is a budget traveler’s paradise. It is one of the best and most affordable countries for expats to reside in. Vietnam is still somewhat of a secret when it comes to affordable places to live and travel in, but there is still a lot to see and do there. Vietnam is a beautiful country with delicious local cuisine and a little bit of adventurous trip potential.

Major cities in the nation include Da Nang in the center, Ho Chi Minh City in the south, and Hanoi, the capital. The most job chances will be in these cities.

The Vietnamese Dong is now priced at approximately VND23,000 to $1, making it one of the few currencies to depreciate against the dollar in recent years.

  • Popular jobs here: The most popular job for foreigners in Vietnam is teaching English. English teachers have various options, with typical monthly salaries ranging from $1,100 to $1,700 USD, which is more than in many surrounding countries.
  • Cost of living: The cost of living in Vietnam, like most nations, varies depending on whatever city or region you visit. Of course, cities such as Ho Chi Minh and Hanoi are more expensive than rural areas, but the pay is also higher. A small flat can be rented for roughly $250 per month, while eating out costs around $1–3 each meal in local eateries or street cuisine, and around $10 in Western-style restaurants. Local public transportation costs roughly $0.30 per kilometer, whereas taxis cost around $0.50 per kilometer.

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2. Costa Rica

The most well-known nation in Central America is Costa Rica, and with good reason (not just because it is one of the ten most affordable places to live in). You will fall in love with this country and its “Pura Vida” spirit right away thanks to its lush jungles, stunning beaches, and friendly locals. You won’t go bankrupt while residing and working in Costa Rica because it is one of the least expensive countries for Americans to live in. Since it’s so simple to get inexpensive flights from the US, visiting Costa Rica is now much more alluring. Compared to neighboring nations like Guatemala and Nicaragua, Costa Rica’s cost of living is higher, and its salaries are also higher.

  • Popular jobs here: Teaching English, Tourism, SCUBA Diving
  • Cost of living: A meal in a local restaurant will cost around $3-6, rent runs from $300-800 per month depending on the size of apartment and location, local transportation starts from $0.70 per trip.

3. Bulgaria

You might be surprised to see Bulgaria in our list of the countries with the lowest cost of living and employment, but stick with us. If the high cost of living in nations like France and Italy deters you from working and living in Europe, consider moving to Eastern Europe. Bulgaria has quickly grown to be a well-liked tourist destination and is one of Europe’s more affordable countries to live in. With countries like Greece, Turkey, and Romania at your doorstep, Bulgaria’s center location makes it the ideal place to see the region on a budget while yet living like a king. In Bulgaria, which has a long and vibrant history dating back more than 8,000 years, there are many things to see and do.

  • Cost of living: Rent a 1-bedroom apartment starts at $230 per month, a meal in an inexpensive restaurant will set you back around $5 and a trip on the public transport can cost as little as $1.

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4. Mexico

Mexico — three times! The majority of Americans and Canadians can reach Mexico with a quick flight, so why make additional trips? Mexico has something to appeal to everyone. Think serene Pacific Ocean beach towns, Mayan ruins amid the rainforest, and Caribbean waters. Oh, and did we mention the food from the streets? The cuisine, which includes tacos, tamales, ceviche, and aguas frescas, is not only delectable but also incredibly cheap. If you stay away from tourist traps like Cancun or Playa del Carmen and choose more local destinations like Merida or Guanajuato, living costs might be a quarter of what they are in Western cities.

  • Cost of living: A one-bedroom apartment costs $200-$500 per month, street food starts from $1 per meal, and a monthly pass for local transportation starts at $16.

5. South Africa

Do you want to work and live abroad but are worried about getting lost in the language barrier? You no longer need to worry because there are certain English-speaking nations that are more affordable, including South Africa, which comes in fifth on our list of the best and cheapest places to live. Perhaps the least expensive English-speaking nation to live in is South Africa. Without attending language school, you can get by, and most South African cities offer a good standard of life that is equivalent to that of Western cities, which makes the transition much simpler. It is a strong candidate to be the most affordable English-speaking nation to live in as a result.

And if that wasn’t enough, the southernmost country in Africa also has some of the world’s most diverse natural environments. In South Africa, which offers everything from safaris to whale watching, river rafting to zip lines, you won’t get bored.

  • Popular jobs here: Despite the fact that South Africa is an English-speaking country with ten official languages, teaching English is still a popular alternative. There are also a variety of opportunities available in tourism and with foreign companies..
  • Cost of living: Rent for a 1-bedroom apartment is around $350-500 per month, a domestic beer is around $1.70 and a meal at a local restaurant starts from $8.

6. China

Although working in China may not be on your usual list of places to work overseas, it may be both economical and lucrative. There are many job chances because the economy is expanding and salaries in this nation are higher than in many other Asian nations. Large cities like Shanghai and Beijing will undoubtedly have greater living expenses, but they will also have far higher earnings. While you’re in China, which is a wonderful place to travel and where many work abroad programs conduct events and even provide free Mandarin classes, you might as well pick up a new language.

  • Cost of living: The cost of living in China can be surprisingly low if you avoid the biggest cities. Rent for a 1-bed apartment starts at $300, a meal in a local restaurant costs around $3.

7. South Korea

Although South Korea isn’t the most affordable place to work and live, it made the list because of its competitive salaries and occasionally free housing provided by programs, which significantly reduces the cost of living. Given that South Korea has become one of the best places in the world to teach English abroad, choosing this career path is a no-brainer. Korea is a great destination to work, save money, and travel since its modern cities are comparable to those in the United States and Europe, the terrain is stunning and diverse, the food is delectable, and the people are friendly.

  • Cost of living: While higher than in Southeast Asian countries, Korea is still very affordable, with rents for 1-bed apartments starting at around $375 and restaurant meals starting from $6.

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8. Thailand

Thailand would be absent from any list of the best and cheapest countries in the world if it weren’t mentioned. Travelers from all over the world have fallen in love with the Land of Smiles long before the film “The Beach.” Even in big cities like Bangkok and Chiang Mai, living costs are extremely affordable. Beach resorts are significantly more expensive than other beach resorts across the world, yet they are still inexpensive.

Thailand is an ideal country to live and work because of its crystal blue waters, rich culture, and delicious cuisine. To top it off, Thailand is one of the world’s cheapest and safest locations to live.

Cost of living: In Chiang Mai, for example, it is feasible to live comfortably on $600. $1 lunches can be found in street stalls, marketplaces, and mall food courts. A studio in a Western-style development can be rented for as little as $150 per month. A public bus ride costs approximately $0.30.

9. Peru

If you’re searching for a once-in-a-lifetime trip on a tight budget, Peru might be the ideal location for you—also it’s one of the most cheapest countries to live and work! Your money will go a lot further here than it would in other South American nations because it is one of the world’s cheapest nations. Even though everyone should trek the Inca Trail and visit Machu Picchu, there are a lot of other lesser-known treasures to discover. You will have plenty of opportunity to explore throughout the Inca empire by living and working in Peru, from the Ica sand dunes to the Amazon rainforest.

  • Cost of living: Rent for a 1-bed apartment can be as low as $250, while a meal in a local market will set you back $1-3.

10. Poland

Poland is a superb and fair alternative if you want to work and live in one of Europe’s most affordable nations. Despite being much less well-known than its neighbor Germany, Poland is increasingly becoming a destination for tourists and expats. The two main cities in Poland, Warsaw and Krakow, are relatively modern and offer all the amenities found in the West, but at a fraction of the price of a vacation to Germany. Teaching is a possibility, but there are also many high-paying professional service professions out there.
EU nationals will be intrigued by Poland because it is a Schengen member and you can travel there without a visa.

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  • Akwaowo Akpan

    Hi there, welcome to Online Studying Services. As a fan of authentic information and a student, I devise this means to offer reliable information to international students wishing to either study abroad or online. Thanks for stopping by!

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2 thoughts on “10 Cheapest Countries to Live and Work 2024

  1. I’m really grateful for everything I’ve seen here, Poland is my dream, but know money to afford the Johnny

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