Are you tired of busy cities, crowded streets, high rents and almost non-affordable mortgage? Well…there are places in the world where you can live well for less. The cheapest places to live are also the most beautiful and exotic destinations. So why not make your dreams come true, pack your bags and move to one of those paradise locations, if not for a lifetime, then at least for a year or two?

There are two simple rules to follow while searching for low cost destinations. Firstly: if you find a place cheap enough to travel to, then most probably you will also find it cheap to live in. Secondly: wherever you are, the further from the big cities and large agglomerations, the cheaper it gets.  

Of course ‘cheap’ is a very relative concept, and what is cheap for you may not be cheap for people living some place else in the world.

But if ‘cheap’ means spending just a few dollars/euro/pounds a day, then these locations in Asia and Central America may interest you…

THAILAND

Have you ever been to Thailand? Do you remember that feeling of paying $1 (€0.70) for a glass of beer? Did you ask yourself then what it would feel like to pay that much for a drink back home? Or the other way round… what would it feel like to enjoy such prices on a daily basis? If your answers are yes, yes, yes …then why not consider moving to the Land of Smiles for a while?

Life is short and, really, no one forces you to spend your days sitting in the office with a computer as your best friend. Think about sandy beaches, constant sunshine and excellent food and realize that you can have it all for less than $500 (€350) a month.

Of course this amount will not pay a beach apartment but you can easily find cheap accommodation in places as beautiful as Chang Mai, up north, where you will pay around $30 (€21) a month for a small flat. Nearer the coast, a room in the apartments runs at roughly $90 (€63) upwards.

Cooking at home will cost you nothing as fruits, vegetables and meat at the local markets fall into the budget category. If you are too lazy to cook then try excellent Thai food from street-side food stalls. You can get spicy chicken with rice or noodles for around $1 (€0.70). Spending around $200 (€142) for food a month, you still have around $200 (€142) spare to enjoy local trips, restaurants, parties and some small shopping.

CAMBODIA

Thinking about Cambodian history, the bloody regime of Pol Pot and poverty, no one would dare to call the country a paradise, but in terms of living cost Cambodia rivals Thailand. It does not have as great beaches as its Thai neighbor but, well, it is not all about beaches, right?  You can easily live for less than $500 (€350) in the country’s capital, Phnom Penh.

As there are more and more foreigners living in the town, the accommodation prices are getting higher – it would be hard to find something below $200 (€142) a month, but you can always reduce this cost by sharing a flat with a friend or some long-term travelers.

With $300 (€213) left, you can easily get by in the country. The food prices are similar or lower than in Thailand. Eating in local restaurants will cost you around $2 (€1.40) a meal and $1 (€0.70) a beer but if you really aim to trim your budget, you can try food from street stalls- simple but delicious. Traveling by tuk tuk will cost you several bucks/euro a day. 

Living in Phnom Penh, the town of no McDonald’s and Starbucks, may be a life changing experience for you. Be aware that Cambodians are extremely poor but modest people, so treat them with respect.  Getting to know a few natives may help you to understand the complex history and tough life in the country. You can always teach English or get involved with some non-governmental organizations to help change the reality around you.   

For visa details read an article at www.shelteroffshore.com

You will find similar costs of living in nearby countries such as Vietnam and Laos .

PHILIPPINES

Another exotic destination where life will cost you not more than $500 (€350) a month is the Philippines. Following the rule of getting away from big cities, Manila is not an option, as a rent prices start at $360 (€255) a month.  But if you head for Cebu, one of the most developed provinces in the Philippines, with sandy beaches, golf courses and great shopping, you can get an apartment for $150 (€106) a month. In other bustling towns, such as Damaguete City, you can easily rent a room for around $40 (€28) per month.

Food is also cheap. $200 (€142) a month will be absolutely enough to provide you with all necessities including alcohol and tobacco – a big glass of beer and pack of cigarettes cost $0.55 (€0.39) and $0.80 (€0.57) respectively. 

Moreover, the Philippines offer a special resident retiree visa   that you can get as early as at the age of 35, but you need to deposit $50K in a bank there. At the age of 50 and above you have to deposit $10K and prove a monthly pension of $800 single ($1K couple).   

Malaysia , has a similar retiree offer called My Second Home program.

COSTA RICA

Just a few dollars/euro would be enough to survive in Costa Rica. And surviving in Costa Rica may be just a pleasure. The land has 12 different climatic zones and abundant wildlife, but in general, the weather is hot tropical and the natives (called Ticos) are very spirited and friendly people.

Prices in San José are low – the cost of goods and services is among the lowest of all cities throughout the world. You can easily live on $500-$600 (€350-€425) a month if you share a house or flat with a partner or a friend. 

Obviously the further away from San José, the lower the cost of housing.  Around 75 km (50 miles) from the town you can rent a small or medium house for $250 (€177) a month.

In the restaurants you can have an excellent meal with desert for about $4.00 – $5.00 (€2.8-€3.5). And if you buy food at local markets and from the street vendors, you pay less- a bunch of bananas will cost you $0.50 (€0.30) or less. Cigarettes are only about $1.20 (€0.90) per pack. In general, the prices in supermarkets are 30% higher than on the local markets and street stalls.

While in Costa Rica you can learn or develop your surfing skills as the coast has great breaks and excellent surf conditions. And if you’re not too lazy, you can learn or practice your Spanish. Lessons will cost you much less than back home or in Spain. 

To find out more check the blog by Tim, who has lived in the country for several years.  It seems that he knows a lot about living in Costa Rica.

If you seriously think about moving to Costa Rica, you should also read ‘Living Abroad in Costa Rica’ by Erin Van Rheenen, who herself moved to live there and wrote from experience. The book explores the country’s history and culture, describes the nation and, of course, suggests a reconnaissance trip to Costa Rica before you decide to move.

BELIZE

Your dream of a personal heaven for a bargain price may also come true in Belize, which is considered one of the most beautiful countries in Central America. It has it all: great beaches, subtropical climate, and diverse wildlife. The official language in the country is English – that makes things simpler, doesn’t it?

The country is also a paradise for scuba diving and snorkeling lovers .The Belize Barrier Reef offers 127 offshore Cayes (islands) where you will find the best preserved marine ecosystems in the world.

The costs of living are similar to those in Costa Rica. For a large house in Cayo district, a one-hour drive west from Belize City, you may pay $300 (€210) a month and if you share with two other friends, it is only $100 (€70)!!!

Groceries are cheap when bought locally. Imported stuff is in general 50% more expensive so if you want to trim your budget, you should shop at local markets and buy from street vendors. 

If you’re 45 or more you may consider retiring to Belize. The Retired Person’s Incentive Program may allow you to live a tax free lifestyle, which should definitely help you save up a few bucks.

Before you pack your bags, be aware that the country has dry and wet seasons so the weather is not always as perfect as you wish. The wet season starts in May and ends in October – it rains all the time and the hurricanes may occur, so if you want to spend just a few months in the country, go between November and April.

Surf N’ Sun   :                 Surfers Paradise, Australia.

With a swimming pool and open courtyard, the Surf N’ Sun packs the young, the wild, and the alcoholic. Bar Crawls take place every night and the hostel offers punch and free club entry. Boxes of goon start flowing late afternoon when people come back from the beach.

The Clown and Bard   :      Prague, Czech Republic

With a 36 person dorm room, this place is always hopping. There’s a bar downstairs with a two for three happy hour beginning a pillow lounge, the Flying Pig is the spot for those looking to channel their inner Bob Marley. There’s a constant cloud of smoke seeping out into streets at all hours of the day and night. Don’t worry if you run out- there are two coffeeshops across the street!

Base  :                                  Melbourne, Australia

Base features a downstairs club that pumps out music every night. You won’t get any sleep as the music filters up the floors and entices you to come down and party until dawn. The young and the restless fill the dance floor after drinking pitchers of beer and cheap, colorful shots. There’s usually theme and karaoke nights that let you embarrass your self all night long.

Loki   :                                        Cusco,  Peru

Located in a 450 year old building, Loki is known throughout South America for its parties. With regular events, an open lounge, and theme nights, I wouldn’t expect any sleep here either. The bar is regularly packed so tight, you’ll be practically grinding against your neighbor.

#11 Happy Guesthouse : Phnom Penh, Cambodia

Why: Located by the lake in Phnom Penh, #11 Happy Guesthouse features a huge patio, two big screen TVs, a pool table, and one dollar beers. Always packed, this hostel is filled with the party seekers who spend their days sightseeing and night drinking beer before heading to the infamous Heart of Darkness.

St. Christopher’s Inn  :                London, England

A bar, karaoke, cheap drinks, and a license to go until 4am all means that this hostel is bursting with partygoers and one the busiest in London. After you drink it down, you can take it off at the rooftop hot tub. People here know where the action is and if you play your cards right, it just might be your room.

Kabul   :                                     Barcelona, Spain

Located in the center of Las Ramblas, Kabul has a very open second floor where all parties happen. Happy hour officially begins at 7, which is usually a few hours after everyone wakes up. With a reputation for partying, this place keeps drawing those who start partying at 2 a.m. and sleep until 2 p.m. This place gives new meaning to the term “late night.” I was called a quitter for sleeping at 5 a.m.

The Rising Cock  :                      Lagos, Portugal

The Rising Cock is infamous for its parties and it’s well deserved. Two things happen at the Rising Cock: drinking and drinking.

Start your day with the hostel’s booze cruise on which the majority of people get naked, and then keep the partying going with drinking games at the hostel. If you can’t handle 24 hour partying, this hostel is not for you.

The Pink Palace     :                         Corfu, Greece

The Pink Palace is one of the world’s most famous party hostels in the world and with good reason: toga parties, cheap shots of ouzo, happy hours, and theme nights. After a day at the beach (which is just minutes away) or their booze cruise, you’ll be spending the night dancing at their club, Palladium, until the sun comes up. The hostel has over 300 beds- there’s a good chance, you might not end up in yours!

The Treehouse    :                        Ko Chang, Thailand

Every night is a bucket night at the Treehouse, and it’s the perfect blend of a relaxed hippy vibe and partying with a very active dance floor and a lot drinking. This place has all the ambiance you need and you don’t have to stay there to party there. People trickle in from all over to have fun, making this a hotspot on Lonely Beach.

The Yellow Location  :          Rome, Italy

With a bar downstairs and semi-nightly pub crawls, it’s pretty easy to meet people at the Yellow. It’s not a huge hostel either making the close quarters also convenient for meeting fellow travelers.

Ostello Archi Rossi   :        Florence, Italy

This place has been popular for a long time as evident by the walls covered by the names of past guests. A big courtyard and common dining area keep people mingling and drinking vino rossi. There are some clubs down the street and, when they close, you can move back to the courtyard to keep the party going. The rooms are a little away from the action so you can actually get some sleep if you want.

Wombats    :                                    Berlin, Germany

Known for its partying, Wombats rarely sees anyone over 25. With an ultra-chic bar, everyone breaks out their best attire and pickup skills here. Cheap drinks keep travelers mingling all night long. If you can’t meet anyone here, you can’t meet anyone anywhere.

The Jazz on South Beach  :   Miami, Florida USA

Located right near the beach, The Jazz on South Beach has an excellent bar that hosts the bold and beautiful of South Beach. This is the place to stay if you’re looking to be seen in South Beach.

Carnival Court  :  Capetown, South Africa

There’s no chance of a good night’s sleep at Carnival Court. Located near a lot of bars (there’s also a bar in the hostel), this place is a hangover waiting to happen.  It’s wild here and everyone is looking to break a new drinking record. The staff will point you in the direction of the parties but you just might have trouble walking there as the fun here starts well before the sun goes down.

Millhouse Hostel :                     Buenos Aires, Argentina

The music is on 24-hours a day at the Millhouse and the atmosphere is extremely social! Each night has a different activity such as dance party, karaoke night, and tango lessons. Definitely a hostel for those that want non-stop fun and excitement right at home! Most commonly heard line: “Were those moans from the porno shop next store or did you get lucky last night?”

Auckland Central Backpackers     Auckland, New Zealand

Located right down town, this hostel draws upon the fact its part of the Base chain. That means all the craziness of Melbourne spills over with people getting down and dirty all night long. It will give you another reason to keep staying longer in Auckland.

India House  :  New Orleans, Louisiana, USA

A funky converted house that was nearly destroyed by Hurricane Katrina, the India House features eccentric local characters and travelers who just can’t leave. Maybe it’s Bourbon St. Maybe it’s the jazz. Maybe it’s the beer vending machine in the kitchen. Whatever it is, people here know how to have a good time.

Tina’s Backpackers  :             Caye Caulker, Belize

Located right on the beach, Tina’s Backpackers keeps people in close quarters. Everyone here is into island living – sun by day, drink by night. Though the crowd tends to be a bit older (30ish), you wouldn’t know it by the way people party here. It is way off the beaten path but it’s worth it.

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