29 Underrated Places Where You Can Live for Half the Cost

Imagine waking up to breathtaking landscapes, vibrant cultures, and a lower cost of living that lets you enjoy life without financial stress. While popular cities keep getting pricier, there are hidden gems worldwide where you can live comfortably for half the cost. Many underrated destinations offer affordable housing, great amenities, and a high quality of life. These are 29 such underrated places where you can live for half the cost:

Chiang Mai, Thailand

Chiang Mai is affordable and offers a high quality of life with cultural richness and modern conveniences. Renting a fully furnished apartment in the city center can cost less than a tiny studio in major Western cities, while dining at local markets provides flavorful Thai dishes for a fraction of the price. The city’s well-connected public transport, including shared taxis and motorbike rentals, minimizes commuting costs. Beyond affordability, Chiang Mai has hundreds of stunning temples, a thriving expat and digital nomad community, and a cool climate, offering a blend of tradition, comfort, and adventure.

Lisbon, Portugal

Lisbon offers an affordable European lifestyle without the high costs of cities like London or Paris. Renting a charming apartment in historic neighborhoods like Alfama or Graça costs significantly less than in other Western capitals, and dining at local tascas provides delicious Portuguese cuisine at budget-friendly prices. Public transport, including trams and metro, is cheap and efficient. Beyond affordability, Lisbon’s sunny climate and scenic coastline make it an ideal spot for cost-effective living.

Medellín, Colombia

Medellín has transformed into one of the best-value cities for expats. The cost of living is nearly half that of North American cities, with modern apartments in upscale areas like El Poblado available at surprisingly low rents. The spring climate ensures pleasant weather year-round, enhancing the quality of life. The city also boasts an efficient metro system that offers budget-friendly transportation options, contributing to the city’s affordability.

Da Nang, Vietnam

Da Nang is an excellent destination for people seeking a blend of modern living, affordability, and scenic beauty. Expats can enjoy large seaside apartments for a fraction of the cost because rental prices are significantly lower than in Western cities. Meals from street food only cost a few dollars, while renting a motorbike reduces the cost of transportation. The city is a hidden gem because of its immaculate beaches, little tourist population, and proximity to cultural hotspots like Hoi An. Da Nang’s expanding expat population and laid-back lifestyle make it a great place to live on a tight budget.

Budapest, Hungary

Budapest is one of Europe’s best-value cities because it blends European elegance with a reasonably priced way of life. Eating at local markets and ruin bars keeps food costs down, and renting a property in urban areas like Pest is much less expensive than in Western Europe. The city’s effective public transportation system, which includes the metro and trams, further decreases living expenses. Budapest is a great, affordable city with beautiful architecture, lively nightlife, and relaxing thermal springs.

Taiwan

Compared to many Western nations, Taiwan offers a good standard of living at a far lower cost. Cities like Taipei offer fast public transportation, contemporary infrastructure, and reasonably priced healthcare, while smaller cities like Kaohsiung have even lower living expenses. Because street food is so tasty and reasonably priced, everyday spending may be controlled. Taiwan offers an ideal spot for anyone seeking affordability, surrounded by a vibrant culture and scenic landscapes.

Georgia

Georgia is witnessing a growing popularity. The low cost of living and stunning landscapes in cities like Tbilisi have attracted many new residents. Renting a modern apartment in the city center is much cheaper than most European capitals, and dining out at traditional supra feasts costs surprisingly little. The country’s unique visa policy allows long-term stays without complications, attracting digital nomads and retirees.

Slovakia

Slovakia offers an affordable European lifestyle with stunning natural beauty and a lower cost of living than its Western neighbors. Cities like Bratislava provide reasonably priced modern amenities, while smaller towns offer even cheaper housing. Public transport is efficient and inexpensive, and dining at local eateries costs far less than in Western Europe.

Chile

Chile provides a diverse and affordable lifestyle, especially in cities like Valparaíso and Concepción, where living costs are significantly lower than in Santiago. Housing is reasonably priced, and local markets offer fresh produce at budget-friendly rates. The country boasts an efficient and affordable public transit system that enables residents to lower daily spending further. The stable economy, blend of urban and outdoor experiences, and low living costs have made Chile a great place for explorers.

Latvia

Latvia offers a budget-friendly European lifestyle with a unique mix of modern amenities and unspoiled nature. Renting an apartment in Riga is far cheaper than in most Western European cities, while public transport remains highly affordable. The country has a low population density and offers small crowds, and its strategic location in Europe offers many traveling opportunities. It has become an underrated destination among individuals seeking enriching experiences and affordability.

Mauritius

Mauritius is a cost-effective paradise for long-term residents, not merely a place to go on holiday. Rent, fresh seafood, and utilities are surprisingly inexpensive compared to other island locations. The island makes it simple for remote workers and expats to settle down with its stable economy, advantageous tax structure, and visa alternatives. Mauritius is a hidden gem for expats on a tight budget, offering a multilingual population, a sound healthcare system, and a year-round tropical temperature.

Dominica

Dominica is also known as the “Nature Island of the Caribbean.” It offers an affordable cost of living compared to other Caribbean destinations. Renting a home near the lush rainforests or serene beaches costs much less than in tourist-heavy islands. Fresh produce is inexpensive, and local markets make daily expenses budget-friendly. Expats have access to minimal property prices, visa-friendly policies, and a slow-paced lifestyle that offers an ideal atmosphere for a high quality of life.

Cambodia

Cambodia is one of the most budget-friendly places in Southeast Asia, offering a low cost of living without compromising quality of life. Renting a modern apartment in Phnom Penh or Siem Reap is significantly cheaper than in neighboring countries, and delicious local meals cost just a few dollars. The country’s relaxed visa policies allow long-term stays with ease. Cambodia offers the perfect location for a balanced lifestyle with access to an affordable and fulfilling life.

Bosnia and Herzegovina

Bosnia and Herzegovina offers a diverse cultural and natural experience at an exceptionally low cost of living. Food, transportation, and utilities are still very reasonably priced, and renting a large flat in Sarajevo or Mostar is far less expensive than in Western Europe. The stunning scenery, which includes tranquil rivers and the Dinaric Alps, offers many opportunities for outdoor lovers. With its expanding expat population, easy visa requirements, and mix of Austro-Hungarian and Ottoman influences, Bosnia and Herzegovina is a cheap and undiscovered destination.

Sri Lanka

Sri Lanka combines affordability with tropical beauty, making it an ideal destination for cost-conscious expats. Renting a home near the beaches of Mirissa or in the scenic hill country around Ella is surprisingly cheap, and fresh produce at local markets minimizes food costs. The island’s well-connected transport system allows budget-friendly travel across diverse landscapes, from ancient temples to lush tea plantations. The nation has become an underrated place that offers a blend of low costs, a warm tropical climate, and a high quality of life.

Ecuador

Individuals seeking a blend of affordability, natural beauty, and modern amenities will thrive in Ecuador. Cities like Cuenca and Quito provide affordable housing, with rental costs significantly lower than in North America or Europe. The country’s low-cost public healthcare system and inexpensive fresh produce make daily living highly affordable. The stunning Andean landscapes, Pacific coast beaches, and the Galápagos Islands nearby have made Ecuador an ideal destination for those seeking a cost-effective lifestyle.

Tanzania

Tanzania is an underrated gem for affordable living. Housing costs are low in cities like Dar es Salaam and Arusha. Fresh produce and seafood are extremely budget-friendly, and transport costs remain low through shared minibusses. The country provides access to world-famous wildlife parks, beautiful beaches in Zanzibar, and a welcoming local culture. With relatively easy visa options and a warm climate year-round, Tanzania offers a unique and affordable way to experience Africa’s breathtaking beauty and vibrant communities.

Vietnam

Vietnam is one of the most affordable yet dynamic places to live in Southeast Asia. Cities like Ho Chi Minh City and Hanoi offer modern amenities at a fraction of Western prices, with low-cost housing and budget-friendly street food. Public transport and motorbike rentals keep daily expenses minimal. Living in Vietnam is enhanced by the country’s rich culture, natural landscapes, and growing expat community, which offer an ideal setting for a fulfilling yet affordable lifestyle.

Bali, Indonesia

Bali is a dream destination that offers an affordable yet luxurious lifestyle. Renting a villa with a pool costs far less than in Western countries, and local markets provide fresh produce at budget-friendly prices. The island’s coworking spaces, strong digital nomad community, and low-cost dining make it perfect for remote workers. With its serene beaches, lush rice terraces, and vibrant cultural scene, Bali provides an excellent mix of affordability, relaxation, and adventure, making it one of the best-underrated places to live for less.

Mexico

Mexico offers a low cost of living with diverse lifestyle options, from colonial towns like San Miguel de Allende to beach cities like Playa del Carmen. Renting a modern apartment is far cheaper than in the U.S.; local markets make fresh produce and dining highly affordable. Public transportation is budget-friendly, and the country’s healthcare system offers quality care at a fraction of Western costs. With its rich culture, welcoming expat community, and stunning landscapes, Mexico is an underrated yet cost-effective place to call home.

Malaysia

Malaysia offers a high standard of living at a relatively low cost in cities like Penang and Kuala Lumpur. Fresh fruit and street cuisine make eating out less expensive than cooking at home, and housing is reasonably priced. The nation’s attractiveness is increased by its excellent healthcare, well-developed infrastructure, and adequate public transportation. Malaysia is a great place to live comfortably while keeping costs low.

Philippines

The Philippines offers an affordable yet vibrant lifestyle, with stunning island destinations and modern urban centers. Cities like Cebu and Davao provide lower living costs than Manila, with affordable housing, cheap street food, and budget-friendly transport. The country’s substantial English-speaking population makes integration easier for expats. With over 7,000 islands to explore, warm tropical weather year-round, and a welcoming community, the Philippines is a perfect destination for an affordable, adventure-filled life with breathtaking natural beauty.

India

India provides one of the lowest living costs while offering diverse lifestyle options. Cities like Jaipur and Kochi offer affordable housing, while even metro cities like Bangalore and Pune provide budget-friendly living compared to Western countries. Street food and local markets keep food expenses minimal, and public transport is highly cost-effective. With its rich history, vibrant culture, and world-class healthcare at low prices, India is an excellent choice for those looking to stretch their budget.

Turkey

Turkey provides a blend of an economical and culturally rich lifestyle. Living expenses in places like Izmir and Antalya are much lower than in Western Europe, and food costs, rent, and utilities are still affordable, particularly in little seaside towns. The country’s varied landscapes, including rock formations in Cappadocia and Mediterranean beaches, attract many budget-friendly adventurers. Individuals looking for an inexpensive yet vibrant area to live in will thrive in Turkey, where they can enjoy well-developed transportation infrastructure, first-rate healthcare, and a blend of Eastern and Western influences.

Buenos Aires, Argentina

Buenos Aires offers a European-style lifestyle at a fraction of the cost. Rent in the city is much lower than in North American or European capitals, while local markets make dining and groceries highly affordable. The city’s excellent public transport and walkable neighborhoods reduce daily expenses. The city’s vibrant culture and cafes enhance the quality of life for residents and offer travelers and expats access to an enriching experience.

Romania

Romania provides a high standard of living at a relatively low cost. Low rental prices may be found in places like Cluj-Napoca and Brasov, while fresh produce, utilities, and transportation are all reasonably priced. The nation is a desirable location for remote workers because its internet speeds are among the best in Europe. Romania offers a combination of history, modernity, and affordability, which create a unique living experience that appeals to many.

Greece

Greece combines affordability with stunning Mediterranean beauty, making it an excellent choice for budget-conscious expats. Living costs in cities like Thessaloniki and Crete are lower than in Western Europe. Residents can access affordable fresh local produce and public transport, which keeps daily expenses low. The country’s warm climate, rich cultural heritage, and relaxed pace of life add to its appeal. Expats are drawn to the country’s vibrant atmosphere, affordability, and easy visa options.

Bulgaria

With low rent, inexpensive public transportation, and reasonably priced dining alternatives, Bulgaria is among the most affordable countries in Europe. Cities like Sofia and Plovdiv offer modern convenience, historic charm, and affordable living. The Balkan Mountains to the Black Sea coast offer stunning natural beauty, which attracts many outdoor enthusiasts. Bulgaria is a hidden gem for people looking for an affordable European lifestyle because of its easy visa requirements, expanding expat population, and low tax rate.

Serbia

Serbia provides very affordable living costs and a rich cultural experience. Cities like Novi Sad and Belgrade feature low utility bills, inexpensive local markets, and reasonable rent. Daily living is affordable and eventful, with opportunities to explore the nation’s café culture, exciting nightlife, and picturesque riverbank locations. Serbia is a fantastic choice for retirees and remote workers seeking an inexpensive yet vibrant area to reside in because of its well-developed infrastructure, visa flexibility, and environment conducive to digital nomads.

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