The Kingdom of Saudi Arabia is famous for its wealth – wealth that is mostly sourced in the country’s oil industry. This Middle Eastern country has an Arabic-speaking population of 34.8 million. Given that the country follows Islamic law, it is important for visitors to be aware of it and behave accordingly when staying there.
The capital of Saudi Arabia is Riyadh, which is the Arabian Peninsula’s biggest city. If you ever get there, make sure to check out the Burj Rafal – one of the tallest buildings in the world.
Local purchasing power is 38.05% higher
Rent is 85.64% cheaper
Groceries are 59.46% cheaper
Local goods and services are 51.63% cheaper
Mexico
In the north, Mexico is bordered by the US. In the south, it is bordered by Belize and Guatemala. This Central American beauty is also sandwiched in between great bodies of water – the Pacific Ocean in the west, and the Gulf of Mexico in the East.
Mexico's unique terrains includes mountains as well as beaches, and big cities alongside picturesque villages, all housing nearly 129 million people. The Peso is the local currency, and since its value isn't very high, American dollars can get you a lot of it.
Local purchasing power is 39.92% lower
Rent is 91.63% cheaper
Groceries are 71.94% cheaper
Local goods and services are 70.19% cheaper
Belize
Seaside tourism in Belize is nothing new. When a country has Caribbean Sea beaches with exotic marine life, it would be foolish not to show it off to visitors. Other than that, Belize used to be home to the ancient Mayan empire, and it has the ruins to prove it.
The climate, wildlife, and low cost of living make Belize ideal for Americans to move to if they ever feel like a change of scenery.
Local purchasing power is 34.33% higher
Rent is 88.65% cheaper
Groceries are 50.65% cheaper
Local goods and services are 44.2% cheaper
India
India is so big and has so many people that it has earned the status of a subcontinent. Despite it being one of the biggest economies in the world, the cost of living there is, in fact, the world's lowest.
After years of being a British colony, it is now its own democracy, with a population of 1.3 billion. Its colorful markets, unbelievable landscapes, and intriguing traditions make it a definite must for this list.
Local purchasing power is 23.27% lower
Rent is 93.23% cheaper
Groceries are 74.8% cheaper
Local goods and services are 74.92% cheaper
Vietnam
Not only is this Southeast Asian country a fascinating place, with ancient history, a diverse culture, and natural landscapes, but it's also a really cheap country to live in. With its exotic beauty and heritage cities aside, Vietnam earns you good money, especially in the teaching sector for English.
Seeing as Vietnam was massively aided by the USA, it means that the economy is struggling and, as a result, still affordable when compared to other countries.
Rent is 88 % cheaper
Groceries are 40% cheaper