It is very economical to live in Greece and the nation is rich in natural beauty. Greece boasts some of the Mediterranean’s most beautiful coastal scenery. Rent is lower than almost anywhere else.
However, there has been a lot of poverty and social discontent. The nation has faced economic disaster and massive government debt. Banking services may not be up to par. But the weather is a dream, and you can rent a one-bedroom for $650 in the ancient city of Athens.
Local purchasing power is 3.6% lower
Rent is 68% lower
Groceries are 68% lower
Local goods and services are 64% 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%
Jordan
Jordan borders Israel, Saudi Arabia, Syria, and Iraq. Many people are attracted to its history in Petra, a place that holds a geographic location of a culture predating the world’s three major religions. Islam is the state religion.
Jordan has the highest cost of living of any Middle East nation, but relative to the U.S., it’s very affordable. Don’t worry about healthcare, Jordan has the best healthcare system in the Middle East and doctors are fluent in English. In Jordan, you will need to get a residence permit. It’s different from a visa and it must be renewed annually.
Local purchasing power is 70% lower
Rent is 76% lower
Groceries are 39% lower
Cost of living index 51.21
Uruguay
Uruguay has magnificent landscapes, an attractive climate, and a welcoming culture. The crime rate is low, the economy is strong, and the social system is stable. Education, pensions, and healthcare are provided to its citizens. The South American country located between Brazil and Argentina has become a popular ex-pat destination.
It has a population of 3.5 million. Montevideo is a bustling city and the capital. Property is a fraction of the cost compared with large American cities, but Uruguay’s growing economy has made it more costly than other South American nations.
Local purchasing power index is 28.64
Rent is 67% lower
Groceries are 44% lower
Cost of living is 28% lower
Paraguay
Paraguay is landlocked, unique to South America, and borders Bolivia, Brazil, and Argentina, but that doesn’t mean it is not beautiful. The country is about the size of California. Lush forests, subtropical climate, and amazing landscapes impress. The Iguazu Falls bordering Brazil and Argentina and surrounded by rainforest are some of the world’s most stunning waterfalls.
The falls are 270 feet high. Paraguay has a strong economy, gradually making it the envy of South American nations. But compared to the U.S. the cost of living in Paraguay is significantly less.
Local purchasing power is 73% lower
Rent is 63% lower
Groceries are 75% lower
Local goods and services are 69% lower