10 Affordable Countries Where Your Money Goes Far

In an age where travel is more accessible than ever, many people are looking for affordable countries where they can stretch their budget without sacrificing quality of life. Whether you’re a digital nomad, retiree, or simply a budget traveler, choosing a cost-effective destination can make a world of difference.

From Southeast Asia to Eastern Europe, some countries offer stunning landscapes, rich culture, and modern amenities all at a fraction of the cost you’d expect. If you’re looking for cheap places to live or travel, this guide highlights 10 budget-friendly destinations where your money goes a long way.

1. Vietnam

Vietnam is a top pick among digital nomad destinations thanks to its vibrant cities, delicious cuisine, and low cost of living. Cities like Hanoi and Ho Chi Minh City are buzzing with energy, while places like Da Nang and Hoi An offer a slower pace with scenic beauty.

• Average Monthly Cost: $800–$1,200 (including rent)

• Why It’s Great: Street food for $1–$2, fast-growing expat communities, affordable transportation

• Visa Tip: Vietnam offers e-visas for many countries, valid for 30 days

Whether you’re working remotely or just exploring, Vietnam stands out as one of the most affordable countries in Asia.

2. Mexico

Mexico offers a diverse landscape of beaches, mountains, and colonial towns—plus a low cost of living that appeals to expats and retirees alike. Cities like Mérida, Oaxaca, and Guadalajara are popular among those seeking affordable living abroad.

• Average Monthly Cost: $1,000–$1,500

• Why It’s Great: Excellent food, vibrant culture, great weather year-round

• Visa Tip: Visitors can stay up to 180 days without a visa

Mexico is one of the best budget travel destinations in the Western Hemisphere, offering both charm and convenience.

3. Portugal

Portugal is a rare gem in Western Europe where you can enjoy an excellent lifestyle without draining your bank account. Lisbon and Porto are more expensive, but smaller towns like Coimbra or Braga offer fantastic value.

• Average Monthly Cost: $1,200–$1,800

• Why It’s Great: High quality healthcare, relaxed pace, beautiful coastlines

• Visa Tip: Portugal offers a digital nomad visa and a D7 passive income visa

If you’re looking for a balance of affordability, culture, and modern amenities, Portugal is one of the best cheap places to live in Europe.

4. Thailand

Thailand has long been a favorite for budget travelers, and for good reason. Bangkok is a digital nomad hub, while Chiang Mai offers a peaceful lifestyle at incredibly low costs.

• Average Monthly Cost: $800–$1,200

• Why It’s Great: World-class cuisine, friendly locals, tropical islands

• Visa Tip: Multiple visa options, including long-stay and education visas

With its unique blend of tradition and modernity, Thailand is one of the most popular affordable countries for travelers and remote workers.

5. Georgia

Nestled at the crossroads of Europe and Asia, Georgia is one of the most underrated budget travel destinations. Tbilisi, the capital, offers historic charm and a growing digital nomad community.

• Average Monthly Cost: $700–$1,000

• Why It’s Great: Visa-free stay for up to a year, low rent, wine culture

• Visa Tip: Many nationalities can stay up to 365 days without a visa

Georgia is one of the most cost-effective countries for long-term stays in Europe, with a low barrier to entry and high quality of life.

6. Colombia

Colombia is shedding its outdated image and becoming one of the top affordable countries in South America. Medellín, with its eternal spring climate, is especially popular among remote workers.

• Average Monthly Cost: $900–$1,300

• Why It’s Great: Vibrant city life, natural beauty, strong expat network

• Visa Tip: Colombia offers a digital nomad visa for remote workers

Colombia provides great value for money with a dynamic mix of urban and natural experiences.

7. Indonesia (Bali)

Bali, Indonesia continues to be a top choice for those seeking a tropical paradise at a low cost. Ubud and Canggu are hotspots for digital nomads, yoga retreats, and creative professionals.

• Average Monthly Cost: $800–$1,400

• Why It’s Great: Stunning beaches, rice terraces, welcoming local culture

• Visa Tip: Several visa types including tourist and long-term social visas

Indonesia, especially Bali, is one of the best digital nomad destinations in the world for affordable luxury.

8. Bulgaria

For those looking to live in Europe without the high price tag, Bulgaria is a hidden gem. Sofia and Plovdiv offer a mix of history, culture, and affordability.

• Average Monthly Cost: $800–$1,200

• Why It’s Great: Low taxes, great internet, access to the EU

• Visa Tip: As an EU member, Bulgaria follows Schengen policies (with some flexibility)

Bulgaria is ideal for remote workers and expats looking for cheap places to live in Europe without giving up modern conveniences.

9. Philippines

The Philippines offers a low cost of living combined with the advantage of English being widely spoken. Places like Cebu, Davao, and Dumaguete are favored by expats and retirees.

• Average Monthly Cost: $900–$1,300

• Why It’s Great: Beautiful beaches, friendly locals, island-hopping adventures

• Visa Tip: Easy long-term visa extensions for tourists

For those seeking affordable living abroad with a laid-back island lifestyle, the Philippines is a top contender.

10. Morocco

Morocco is one of North Africa’s most budget-friendly destinations, offering a fascinating mix of Arab, Berber, and European influences. Cities like Marrakech and Fes are popular with travelers and remote workers.

• Average Monthly Cost: $800–$1,100

• Why It’s Great: Exotic culture, affordable cuisine, desert and mountain escapes

• Visa Tip: 90-day visa-free stay for many countries

Morocco is one of the most exciting and affordable countries for adventurous souls seeking a different pace of life.

Final Thoughts

Choosing to live or travel in a country where your money goes further doesn’t mean compromising on experience. From Southeast Asia’s tropical islands to Europe’s lesser-known gems, there are plenty of affordable countries that offer a high quality of life for much less.