11 Cheapest Places to Live in the World: 2025 Edition

When I first started looking for the most affordable countries to live as an expat or digital nomad in 2025, I had one goal in mind: to find places where I could enjoy a high quality of life without draining my savings. After countless hours of research, talking to fellow travelers, and even visiting some of the cheapest countries to live, I compiled this list of the 10 best budget-friendly countries for expats and digital nomads. If you’ve ever wondered where is the cheapest place to live in the world, here’s what I found. During my travels, I discovered that Southeast Asia, Eastern Europe, and parts of Latin America offer some of the cheapest places to live in the world

1. Vietnam – A Paradise for Food Lovers on a Budget

I spent a few months in Ho Chi Minh City, and let me tell you—Vietnam is an absolute gem for expats. You can rent a fully furnished apartment for as little as $300 per month, and street food meals cost under $2. Whether you’re sipping on a Vietnamese iced coffee at a local café or taking a weekend trip to Da Nang’s beaches, your dollar stretches far here. Fast Wi-Fi and a growing digital nomad community make it even better. Hanoi and Ho Chi Minh City are becoming hotspots for expats seeking cheap places to live in the world. With rent prices as low as $200-$300 a month, Vietnam has some of the cheapest rent in the world. I found local markets filled with fresh produce and street vendors selling meals for less than $2. It’s no surprise that Vietnam is often listed among the most affordable countries to live in.

2. Thailand – The Classic Choice for Nomads

If you’re wondering what is the cheapest place to live in the world, Chiang Mai is definitely a contender.

Bangkok’s energy, Chiang Mai’s laid-back charm, and Koh Phangan’s island vibes—Thailand has it all. When I lived in Chiang Mai, I paid around $250 for a nice studio apartment, and I rarely spent more than $10 a day on food. The country is also incredibly welcoming, and the coworking spaces are top-notch. Plus, Thailand’s long-stay visa options make it easy to settle in. Thailand is the cheapest country to live for expats and remote workers. 

3. Indonesia – Bali Beyond the Instagram Hype

Yes, Bali is popular, but there’s a reason why so many digital nomads flock here. Renting a villa with a pool can cost as little as $500 per month if you know where to look. I loved working from cafés in Canggu, and the local food—like Nasi Goreng for $1.50—is both delicious and cheap. The only downside? The visa runs can get annoying.

4. Mexico – A Latin American Favorite

Mexico is often debated when discussing which country is the cheapest to live in. Mexico City, Playa del Carmen, and Oaxaca are just a few of the amazing cities I explored. With rent as low as $400 in some areas, and tacos for less than $1, Mexico is a dream for digital nomads. The country offers a temporary resident visa, making it easier for expats to stay long-term. Plus, the culture and food? Simply unbeatable. The warm climate, friendly locals, and affordable healthcare make Mexico one of the most affordable countries to live.

5. Portugal – Europe’s Best Budget Destination

If you’re looking for an affordable European country, Portugal should be at the top of your list. I stayed in Lisbon and Porto, and while not as cheap as Southeast Asia, you can still live comfortably on $1,500 per month. The visa options for digital nomads are attractive, and the weather is fantastic year-round.

6. Colombia – Medellín’s Perfect Weather

When I arrived in Medellín, I was blown away by the “Eternal Spring” climate. The cost of living is shockingly low—a modern apartment in the city center can be found for $400 per month. The coffee culture is strong, the internet is fast, and the people are incredibly welcoming. It’s one of the best up-and-coming digital nomad hotspots.

7. Georgia – A Hidden Gem in Eastern Europe

Tbilisi is one of the most underrated cities I’ve visited. Not only is Georgia welcoming to digital nomads with its one-year visa, but the cost of living is incredibly low. You can get a decent apartment, and traditional Georgian food—like khachapuri—is both delicious and inexpensive. The local wine is a huge bonus! Tbilisi, Georgia, was a pleasant surprise. With its low cost of living and stunning landscapes, it’s one of the cheapest countries to live in while still being in Europe. Expats can rent modern apartments for under $300 a month, and the food scene is incredible. If you’re looking for the cheapest place to live in the world with European charm, Georgia is worth considering.

8. Cambodia – A Laid-Back Alternative to Thailand

Cambodia is another Southeast Asian country that surprised me with its affordability. Phnom Penh and Siem Reap offer cheap living costs, and the country has a simple visa system for long-term stays. While infrastructure isn’t as developed as in Thailand, you can still live comfortably for under $1,000 per month.

9. Turkey – The Best of Europe and Asia

Istanbul is one of my favorite cities, and Turkey’s cost of living makes it even better. For about $500 a month, you can rent a great apartment with stunning views. Food is incredibly cheap—$3 for a full meal—and the country’s long-stay visa options make it appealing for expats. Plus, you get to enjoy both European and Middle Eastern influences.

10. Serbia – A Visa-Friendly European Destination

Serbia, particularly Belgrade, is an excellent choice for budget-conscious expats. I found a modern apartment for $350 a month, and the vibrant café culture kept me productive. The best part? Serbia allows many nationalities to stay for extended periods without a visa. It’s an affordable, underrated European destination with a thriving expat scene.

11. Bulgaria – Europe’s Secret Low-Cost Destination

If you want a mix of history, culture, and affordability, Bulgaria is a great choice. With some of the cheapest cities in the world, like Plovdiv and Sofia, you can live well for less than $800 a month. Plus, it’s part of the EU, making travel easy.

Final Thoughts: So, what is the cheapest country to live in?

After exploring and researching these destinations, I realized that living abroad doesn’t have to be expensive. Whether you want tropical beaches, rich cultural experiences, or a vibrant city life, there’s a budget-friendly country out there for you. If you’re planning your next move, these 12 destinations offer the best balance between affordability, quality of life, and expat-friendly policies. Whether you’re looking for cheap places to live in the world as a retiree, digital nomad, or adventurer, there’s a perfect spot for everyone. The world is full of possibilities—it’s just a matter of finding the cheapest country in the world that feels like home. Happy travels!