7 cheapest countries to retire around the world

Panchali Dey

Jun 22, 2024

Affordable retirement

Looking to retire on a tight budget? Check out these affordable countries where you can live comfortably for $500 a month.

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Tips to consider

There are numerous cost-effective destinations worldwide, but a select few truly stand out for their exceptional value. Make sure you check all your requirements before making a decision.

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Cambodia

Rent a studio for as low as $180 per month and enjoy budget-friendly street food, with meals costing around $1.5 each. Explore the stunning natural attractions while keeping your costs low.

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Nepal

Accommodation options range from $150 to $250 per month, and combining street food with home cooking can help you stick to your budget. Embrace the adventurous spirit of Nepal with its biking and hiking opportunities.

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Vietnam

Rent an excellent studio for just $200 per month, covering all expenses and allowing you to save on living costs. Avoid touristy areas like Da Nang and Hanoi to keep your budget in check.

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The Philippines

Rent a studio for as little as $100 per month in smaller cities, leaving you with plenty of budget for other expenses. Enjoy the diverse island options and immerse yourself in the local culture.

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Sri Lanka

Hotel rooms can be rented for about $300 per month, while studios or small houses outside popular areas cost approximately $150 per month. Take in the picturesque landscapes and affordable accommodation options.

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Thailand

Inland cities offer rentals around $100 per month, and dining out can cost as low as $5 per day, leaving room in your budget for a decent lifestyle. Explore the rich culture and vibrant street markets of Thailand.

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Indonesia

Rent a studio for around $200 per month in developed areas like Bali or Java, but be mindful of recent laws and cultural differences. Experience the natural beauty and unique culture of Indonesia while living on a budget.

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