Emigrate with little money: the 3 cheapest countries to live in as a foreigner

If you are looking to emigrate and you don’t have much money, this information might interest you. If you are looking for security and stability in the coming years, these destinations could be perfect for going on an adventure abroad.

International Living magazine created a top three of the three cheapest countries to move to this year. The preparation of the ranking included a country in Latin America (which would be very beneficial due to the language) and also countries in Asia.

However, before you discover the countries in the ranking, it is important that you read some tips that will help you if you choose to emigrate:

1. Have the Documents in Order: Before traveling, it is crucial to know the legal requirements of the destination country, including visas and work permits. Obtaining citizenship from Spain, Italy or a country in the European Union can facilitate international procedures.
2. Avoid High Expectations in Planning: Moving is exciting, but it’s important to have realistic expectations. Adjusting to a new place can be challenging, and it can take time to find work, housing, and establish a routine. Knowing the opportunities of the chosen destination is essential in prior planning.
3. Know the Laws and Local Culture: Researching the customs, social norms and laws of the destination country will help avoid misunderstandings and facilitate adaptation.

Now, you cannot miss the opportunity to learn about these options to move to another nation.

What are the 3 cheapest countries to live in as a foreigner?

1. Colombia

Colombia leads the list of the most affordable countries to live in 2024. Although the cost of living has increased steadily over the last five years, it remains an accessible destination for foreigners.

In Bogotá, rents are cheaper compared to Medellín and Cartagena. According to International Living, you can rent a two-bedroom house for about $1,000 a month in the capital.

Colombia not only offers beautiful beaches, but also a rich history and numerous economic opportunities. A notable aspect is its stratification system for determining the cost of public services, where lower-income neighborhoods receive subsidized rates.

2. Thailand

According to the magazine, Thailand is the second cheapest option to live in 2024. Located in Southeast Asia, it shares borders with Myanmar, Laos, Cambodia and Malaysia. With a rich culture and unique history, Thailand is an attractive destination for expats.

Bangkok, its capital, is ideal for those looking for an urban life full of fashion, technology and nightlife entertainment. Renting a one-bedroom apartment near the train station costs around $829 a month, and the country has top-notch healthcare services.

Transportation in Bangkok is efficient, with reliable trains and well-maintained routes. Renting a car costs approximately $30 a day.

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3. Malaysia

Malaysia occupies third place in the ranking. This Southeast Asian country is ideal for adventure lovers. Its affordability and more than 800 islands capture the hearts of many expats. Good urban mobility reduces the need for cars, and rents are significantly lower compared to the United States or Europe. Housing costs are between a third and a quarter of the average salary.

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