Many grow up daydreaming about living in Europe one day, and Latvia ticks a lot of the boxes for those looking for in a European home. The biggest city in the Baltics, Riga has the quality to rival the most popular tourist destinations in Europe.
With amazing architecture, inspiring history, and quaint countryside scenes all for dirt cheap prices, making it a sound choice if you’re planning to move to a country in Europe.
Rent is 30% cheaper
Groceries are 35% cheaper
Chile
Chile has made real steps when it comes to development in the last few decades. The capital city of Santiago could be mistaken for a city in the United States, as tall skyscrapers have jumped up along the Andes-filled city skyline. Chile probably has the lowest level of corruption in Latin America, as well as the strongest economy.
The cost of living in Chile is 40% lower than in the US, and when combined with the high standard of living, and the lowest level of poverty, Chile makes for a decent place to live.
Rent is 29% cheaper
Groceries are 36% cheaper
Nigeria
A new entry on our list is Nigeria. Many may wonder about the high levels of corruption, occasional fuel shortage, and the havoc caused by Boko Haram, but Nigeria remains one of the cheapest countries in Africa.
With national reserve parks and wide-open savannahs next to towering mountains to the thriving nightlife in Lagos. It might also be one of the countries with the best tax rates.
Rent is 44% cheaper
Groceries are 31% cheaper
Spain
Spain has long been a popular relocation destination, and for good reason. This large country has a lot of history and culture.
Although not all ex-pats in Madrid are from cities as expensive as San Francisco, it's undeniable that for Americans, the cost of living in Spain is pretty cheap.
Rent is 24% cheaper
Groceries are 14% cheaper
Guatemala
Guatemala is home to mountainous terrain and a diversity of ecosystems. Wetlands, lakes, swamps, deserts, beaches, and rivers make this country unique. There are Mayan ruins and indigenous Mayan people living in quaint villages as well as the colonial ruins of Antigua to see.
Guatemala has the strongest economy in Central America, but more than half the population is poor, surviving on $2 per day. On the upside, it is a friendly culture and new people are welcomed.
Local purchasing power is 3 times lower
Rent is 2 times lower
Groceries are 53% lower
Local goods and services are 30% lower