8 countries where luxury is cheap

Every year, many people travel to the United States in search of a permanent residence that will meet all their requirements and desires. As the price of basic goods and services increases around the world, it has become more difficult to find a destination to move to which provides not only the essentials but also affordable luxury.

Check out this list of a few the greatest nations to live where luxury is cheap if you are looking for a place to relocate permanently or a place for a short international sabbatical.

8 Addis Ababa, Ethiopia

Addis Ababa, Ethiopia
Via Pexels, Lan Yao

Addis Ababa, Ethiopia is one of the most popular cities for expats looking for a luxurious and affordable lifestyle, as a liter of gasoline costs just under a dollar. Over the years, the city’s reputation as an important producer of coffee, plastics, fabrics and food and as a center of Ethiopian culture and commerce has grown.

Rent is 50% cheaper than in New York, with a two-bedroom apartment costing around $200 outside the city. In Los Angeles, a ticket to a popular movie costs $3.66, compared to $10 in New York. Addis Ababa, a beautiful city in East Africa brimming with economy and social development, is a great place to live affordably and in luxury.

seven Vietnam

Vietnam, a cheap country
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Vietnam, then one of the poorest countries in the world, has grown and evolved as a nation over 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 enough for two people to live extremely comfortably.

The average monthly cost for a single person, excluding rent, is $439, and if you have a higher budget, you can live luxuriously in the Asian nation for much less than in the United States.

6 Malaysia

Malaysia, a cheap country to live in
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In Batu Ferringhi, Malaysia, one can 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 life, with sandy beaches on your doorstep.

If a traveler was injured and needed hospitalization while visiting the country, their medical bill was only $43, a significant difference from the price of an emergency room in the United States. By move to malaysiayou can turn every day into a beach vacation without ever leaving your backyard.

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5 Managua, Nicaragua

Managua, Nicaragua, a country where luxury is not expensive

While Nicaragua is the second poorest country in the world, the capital, Managua, is home to big businesses 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 cost of living for a single person is around $540. In Managua, a liter of gasoline costs only $1.23 and the cost of living is 58% lower than in New York. Remember that Managua has a high crime rate and do your research before moving there.

4 Mexico

Mexico, a cheaper country to live in
Via Pexels, Ricardo Esquivel

Mexico has grown in popularity among retirees seeking affordable luxury living and high quality health care. A retired couple can live rent-free in Cancun for between $1,500 and $3,000 a month, or 85% less than rent in New York. The monthly cost of living for a single person would be around $494.

The nation has attempted to further improve its healthcare system and is implementing programs to help the elderly. With a diversity of tropical climates, Mexico offers low cost living without sacrificing luxury amenities.

3 Panama

Panama, one of the cheapest countries
Via Pexels, Luis Quintero

Panama, the only first-world metropolis in Central America, offers international luxury living without being too far from the United States. A beachfront condo in Panama City costs around $1,500 per month, while rent, utilities, food, and entertainment cost around $2,600 per month.

Outside of Panama City tourist coasts, the cost of living is considerably lower. Panama has one of the strongest programs for retirees in the world, which is why expats looking for permanent housing can be found throughout the country.

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2 La Paz, Bolivia

Bolivia, the cheapest country to live in
Via Pexels, Roly Vasquez

Compared to New York, rent in La Paz, Bolivia is on average 89.5% cheaper. A liter of gas costs 38 cents, but a two-bedroom luxury apartment on a hill can cost $650. La Paz is the commercial and financial capital of Bolivia and has started to attract expats from all over the world. The average monthly cost of living in a big city, without rent, is $509.

1 Lisbon, Portugal

Lisbon, Portugal, a country where luxury is not expensive
Via Pexels, Helena Ije

Helena Ije[/caption]

Lisbon, Portugal is a beautiful seaside city where you can live happily on a budget, which makes it a popular destination in Europe. Portugal has made it extremely easy for foreigners to become European citizens; it has one of the lowest luxury living prices on the continent.

The monthly price for a bachelor is around $623 and a quality residence in town can be found for around $550 per month.

READ NEXT: A paradise for the rich: what makes Monaco one of the most expensive countries in the world

Sources: USA today, Go for it, Approximate maps

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