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
Latvia
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
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
Honduras
One of the best places in Honduras to relocate is Roatan. It is an island off the coast of the Central American nation located in the Caribbean. Visas are easy to obtain. All of Honduras boasts an enviable climate and beautiful natural surroundings.
For $200,000, you can call a beachfront condo in the Caribbean home. Roatan was named one of the best islands to retire by “International Living,” however, life is not great for locals. Honduras is the second poorest country in Central America.
Local purchasing power is 3 times lower
Rent is 75% lower
Groceries are 91% lower
Cost of living is 41% lower
Panama
Panama has a stable government, so the infrastructure is replete with high-speed internet and reliable power. It is a small nation with very long coastlines. Panamanians are accustomed to Americans and generally cheerful. Healthcare is high quality and significantly more affordable.
You can grab a brewski for 50 cents, literally, in Panama they use the dollar. There are few drawbacks to this lovely nation of cities, beaches, and mountains that border the Caribbean on one coast and the Pacific on the other.
Local purchasing power is 3 times lower
Rent is 14% lower
Groceries are 41% lower
Cost of living is 30%