If you have ever wondered where the cheapest place to live in the world is? you are not alone. Rising living costs have inspired many people to look beyond their home country in search of a better lifestyle for less money.
The good news is that there are still many affordable destinations where you can enjoy beautiful scenery, great food, modern amenities, and a lower cost of living. From the beaches of Vietnam to the historic streets of Georgia and the sunny coastline of Portugal, some of the cheapest places to live in the world also offer an excellent quality of life.
Whether you are a retiree, digital nomad, long-term traveler, or someone planning a fresh start abroad, these countries with low cost of living deserve a place on your shortlist.
Where Is the Cheapest Place to Live in the World?
There is no single answer because living costs vary by city and lifestyle. However, countries such as Vietnam, India, Georgia, Colombia, and Portugal consistently rank among the most affordable places to live for expats.
These destinations offer low housing costs, affordable food, reliable internet, and opportunities to experience a different culture without spending a fortune.
Vietnam
Vietnam is often considered one of the cheapest places to live in the world. Cities such as Da Nang, Hanoi, and Ho Chi Minh City combine modern conveniences with a rich cultural experience.
Life here is affordable, from local restaurants and street food to apartment rentals and transportation. Many expats are attracted by the warm climate, beautiful beaches, and welcoming atmosphere.
For travelers who dream of living near the ocean without spending a fortune, Vietnam remains one of the best cheap countries for expats in 2026.
India
India continues to be one of the most affordable places to live anywhere in the world.
Destinations such as Goa, Bangalore, and Pune offer a mix of modern living, rich history, and vibrant local culture. Food, transportation, and housing costs are often much lower than in Western countries.
For expats looking for adventure, cultural diversity, and a low cost lifestyle, India remains one of the cheapest countries for expats.
Georgia
Georgia has become a favorite destination for remote workers and long-term travelers.
The capital city of Tbilisi offers charming architecture, mountain views, modern cafés, and a growing international community. Living costs remain relatively low compared to many European destinations.
For people asking where is the most affordable place to live while still enjoying European-style living, Georgia is often one of the top answers.
Portugal
Portugal offers a combination of affordability, safety, and natural beauty.
While Lisbon has become more expensive, smaller cities and towns still provide excellent value. Expats enjoy stunning coastlines, historic towns, great food, and a relaxed pace of life.
Portugal is frequently listed among the cheapest and safest places to live in the world, making it especially popular with retirees and remote workers.
Colombia
Colombia has become one of the most exciting destinations in Latin America.
Cities such as Medellín attract expats with pleasant weather, affordable housing, and modern infrastructure. The country also offers beautiful mountains, colorful cities, and a vibrant culture.
For those looking for the least expensive place in the world to live while enjoying an active lifestyle, Colombia is worth considering.
Cheapest and Safest Places to Live in the World
Affordability is important, but safety matters too.
Many expats consider Portugal, Georgia, and Vietnam among the cheapest and safest places to live in the world. These destinations combine reasonable living costs with strong expat communities and a high quality of life.
As always, safety can vary by city and neighborhood, so research is essential before making a move.
Final Thoughts
Finding the cheapest place in the world to live is not only about saving money. It is also about discovering a destination that matches your lifestyle and goals.
From the beaches of Vietnam and the culture of India to the mountain views of Georgia, the coastal charm of Portugal, and the vibrant energy of Colombia, there are many countries with low cost of living where you can enjoy a comfortable life without overspending.
For anyone wondering where the cheapest place to live in the world might be in 2026, these destinations offer some of the best opportunities to live well while spending less.