13 Exciting Places Where You Can Live For $1,500 A Month—Or Less (2024)

Living in the United States is not cheap—especially as prices continue to soar, from groceries to transportation to housing. According to recent reports, an American household spends an average of $61,334 per year on their expenses, with housing being the largest expense, at almost $1,800 a month. So why not move someplace where it costs a whole lot less to live?

International Living recently released a list of 13 places around the globe where a couple can live for as little as $1,500 a month (or less). This figure covers everything: housing, healthcare, food, fun and more. And here’s the good news: That’s for a couple. If you’re single, you can live for less.

To come up with this list of cheapest places to live, International Living analyzed seven key factors: housing, visas, cost of living, healthcare, climate and more. Beyond this, the report considered additional amenities such as high-speed internet access, networking opportunities and English-speaking communities.

From Mexico (which leads the list with its three budget-friendly locations) to Southeast Asia (with five standout destinations), these places offer a glimpse into a life where saving money doesn’t mean sacrificing a nice lifestyle.

Check out these 13 exciting places where you can live for as little as $1,500 a month.

Top Places To Live In The Americas

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Arenal, Costa Rica

Why Move There: Located about three hours north of San José and three hours east of Liberia, Arenal captivates residents with its breathtaking views and moderate, breezy weather. Outdoor enthusiasts flock to Arenal for hiking in the rainforest and a rich diversity of wildlife, with over 200 bird species, monkeys and coatis. The region’s allure extends beyond its natural beauty to its affordable real estate and low cost of living.

The Cost: According to International Living, expats report living comfortably on $1,500 or less per month, with rents as low as $400 for chic apartments or cozy homes with tranquil Caribbean views. Dining out is affordable, with meals ranging from $6 to $15, and local sodas serving breakfast for just $3.50.

Armenia, Colombia

Why Move There: Armenia is known for its natural beauty and vibrant coffee culture. With a population of just over 300,000, it’s a mid-sized city with easy access to colonial towns and parks. Armenia also has earned the nickname, the “eternal spring” city, thanks to its year-round warm weather, making it ideal for outdoor activities.

The Cost: According to International Living, expats can live comfortably on $1,500 or less per month. Renting in Armenia gives an affordable alternative to buying, with one-bedroom apartments ranging from $400 to $550 per month. And it’s even more budget-friendly if you live outside the city center. Food costs average around $200 per month.

Cozumel, Mexico

Why Move There: Cozumel, recognized for its laid-back island vibe and stunning white-sand beaches, attracts an international mix of residents. It’s also consider a world-class scuba diving destination and a haven for nature enthusiasts. Plus, with more than 350 restaurants, there’s something for every taste and budget.

The Cost: Many expats live comfortably on $1,500 a month, according to International Living. Cozumel also has top-notch healthcare services. Renting a one-bedroom condo typically ranges from $450 to $700 a month. High-speed internet services are available at a reasonable $20, and utilities, including electricity and water, average around $70. Dining out is affordable, with lunch for two costing as little as $10, while a dinner for two at a mid-range restaurant comes to about $25.

Isla Mujeres, Mexico

Why Move There: Located a short 20-minute ferry ride from Cancun, Isla Mujeres welcomes visitors with its Mexican-Caribbean vibe and Mayan influences. Despite being a major tourist destination, this small island has an appealing lifestyle for expats with laid-back neighborhoods and white-sand beaches. Most residents navigate the island via golf carts or the hop-on hop-off bus, which costs just over a dollar and conveniently drops passengers at their doorsteps.

The Cost: Renting an apartment with utilities included can cost around $600 a month, according to International Living. While beachfront restaurants in the hotel zone cater to tourists at higher prices, local kitchens and street food stalls provide authentic Mexican cuisine at a fraction of the cost, like a three-course meal for $5 to $6.

Querétaro, Mexico

Why Move There: Located in Mexico’s Colonial Highlands, Querétaro blends historic charm with modern amenities. With a population of about 1.1 million in the greater metropolitan area, this city is renowned for its high quality of life. Its well-preserved historic center has been a UNESCO World Heritage site since 1996. You’ll find modern malls, excellent medical facilities and a robust cultural scene, plus easy access to international flights from nearby Mexico City.

The Cost: According to International Living, expats can live comfortably on $1,500 or less per month, with rents starting at $500 for a one-bedroom apartment and dining out for about $25 for a couple.

Top Places To Live In Asia

Chiang Mai, Thailand

Why Move There: In the northern mountains of Thailand, Chiang Mai is an ancient city with modern appeal. With a population of 127,000 residents, Chiang Mai has a population of Thai, Chinese, Indians and expats—who all coexist seamlessly. Beyond its historical and cultural richness, Chiang Mai offers an affordable lifestyle and a temperate mountain climate.

The Cost: According to International Living, renting a three-bedroom condominium with panoramic hill views can cost as little as $300 a month, with monthly living costs, excluding housing, averaging $300 for a solo explorer and $1,000 for a couple. Dining out becomes an adventure with a three-course meal for two costing around $10, allowing you to savor this city’s delicious food scene without straining your budget.

Hoi An, Vietnam

Why Move There: Hoi An, a World Heritage Site, captivates with its rich history and idyllic setting along an estuary of the Thu Bon River. The town’s pedestrian-friendly environment, with its central area off-limits to cars and motorbikes, invites leisurely strolls. Home to about 120,000 people and home to one of Southeast Asia's prettiest beaches—An Bang Beach—Hoi An is steeped in history, with its Ancient Town once a bustling port of call for traders from China, Japan and Europe.

The Cost: According to International Living, renting a two-bedroom apartment in the center of town can cost as little as $500 per month, while studio and one-bedroom houses start at less than $300 per month. A couple can live comfortably for under $1,500 per month, including rent, utilities, dining out and incidental expenses. Dining options abound, with a meal for two at a cheap restaurant costing $5 or less, and a cup of high-quality coffee (Vietnam is one of the world’s largest coffee producers) for just $1.50.

Kuching, Malaysia

Why Move There: Founded in 1839 along the tranquil Sarawak River, Kuching, Malaysia was once a strategic trading post connecting Asian seaports with Borneo's lush interior. Today, it has bustling streets alive with food stalls and a cool café culture. The city’s picturesque setting, with the meandering river and antique stores lining its banks, adds to its appeal for expats. Plus, with its proximity to national parks, Kuching is an ideal base for day trips to explore wild coastal and rainforest destinations.

The Cost: According to International Living, living in Kuching offers affordability and charm. A high-quality cappuccino costs just $3, while local coffee provides excellent value at $0.60 per cup. Renting a three-bedroom house within walking distance of the town center typically costs $700 per month. Monthly living costs for a couple, excluding housing, average an additional $500.

Penang, Malaysia

Why Move There: The island of Penang blends history, golden beaches and culture. With a vibrant population of 1.6 million residents, Penang has a diverse population where Malays, Chinese, Indians and expats coexist seamlessly. Penang stands out for its cost-effective living and first-rate healthcare.

The Cost: According to International Living, you can easily find a three-bedroom condominium with sweeping sea and hill views within a five-mile radius of the city center for an affordable $380 a month. Monthly living costs, excluding housing, are remarkably budget-friendly—a mere $500 for a single person and $1,000 for a family of two. Dining out is a pleasure, too, with a three-course meal for two costing around $15.

Phnom Penh, Cambodia

Why Move There: Set at the junction of the Mekong and Tonlé Sap rivers, Phnom Penh is a capital city that seamlessly blends ancient Khmer heritage with French colonial charm. Its bustling streets (this is a big walking city), diverse architecture and fusion cuisine create a unique atmosphere. Plus, its affordability and expat-friendly environment make it an attractive destination for retirees and expatriates alike.

The Cost: According to International Living, monthly living costs for a couple, excluding housing, amount to $300 per month. Renting a three-bedroom, 900-square-foot apartment within walking distance of the town center typically costs $1,100 per month. In total, a couple can expect to spend around $1,400 per month.

Top Places To Live In Europe

Alicante, Spain

Why Move There: Alicante, on the sun-drenched Costa Blanca, is known for its relaxed seaside living. With a warm, sunny climate, a wealth of dining options, plus an historic old town, Alicante provides a pleasant lifestyle that won’t break the bank. It’s home to sizable numbers of expats—about 15% of the permanent population is foreign. As a result, you can get by fairly easily in Alicante with minimal Spanish. It’s also easily accessible. The international Alicante-Elche Airport is served by both major and discount carriers serve the airport.

The Cost: Alicante offers affordability alongside its cultural richness. According to International Living, renting a chic apartment in the heart of the city or a cozy home with a view of the Mediterranean can cost less than $700 a month. With monthly expenses for a couple, excluding rent, averaging around $700, living in Alicante is both comfortable and budget-friendly—coming in at around $1,400 a month.

Bergerac, France

Why Move There: In southwest France, Bergerac (also known as the Périgord region) has picturesque villages, honey-colored stone farmhouses and pastoral landscapes. It’s a dream destination for expats seeking a quintessential French countryside experience—minus the costs of places like Provence. The city itself has a rich cultural scene, including art exhibitions, music festivals and gastronomic celebrations like Les Tables de Cyrano. Additionally, Bergerac’s central location makes it convenient for exploring the rest of southwestern France or venturing to the French Riviera.

The Cost: While the region is renowned for its beauty, it remains relatively accessible in terms of cost, coming in at around $1,500 a month. According to International Living, expats can find lovely village houses or rustic farmhouses for reasonable prices.

Granada, Spain

Why Move There: Set at the foot of the Sierra Nevada mountains in Andalusia, Granada offers a captivating blend of Spanish and Moorish heritage. Its ancient streets and centuries-old buildings (including the the iconic Alhambra fortress complex) provide a glimpse into the city’s history. Fueled by the energy of its university, Granada is an ideal destination for expats who want a lively social scene, in addition to the relaxed lifestyle.

The Cost: With a budget of around $1,000 a month for a couple, you can have a enriching and affordable lifestyle in Granada. According to International Living, comfortable apartments in the city center are available for under $600 a month. You can enjoy a café con leche for just over $1 or savor a traditional meal for two at a local restaurant for about $25.

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13 Exciting Places Where You Can Live For $1,500 A Month—Or Less (2024)

FAQs

13 Exciting Places Where You Can Live For $1,500 A Month—Or Less? ›

According to a study conducted by GoBankingRates, 25% of respondents say they plan to live on just $1500 per month. While this may sound challenging as this amount is close to the poverty level for a family of two, it does not include housing costs.

Where can you live comfortably on $1500 a month? ›

The Best Places To Retire on $1,500 Per Month
  • • Best for Outdoor Recreation: Waterloo, Iowa.
  • • Best for a Little Culture: Fort Wayne, Indiana.
  • • Best for Waterfront Access: Erie, Pennsylvania.
  • • Best for a Temperate Climate: Macon County, Georgia.
  • • Best for a European Adventure: Peniche, Portugal.

Is $1500 a month enough to live on? ›

According to a study conducted by GoBankingRates, 25% of respondents say they plan to live on just $1500 per month. While this may sound challenging as this amount is close to the poverty level for a family of two, it does not include housing costs.

Can I live on $1500 a month in Costa Rica? ›

Most single expats in Costa Rica can live comfortably on USD$1,500 to $2,000 per month. A family of four may be able to live comfortably on USD$3,000 to $3500. From the cost of housing to the price of healthcare, here's everything you need to know about the cost of living in Costa Rica.

Where can you live for the least amount of money? ›

Most Affordable Places to Live in the U.S. in 2024-2025
  • Fort Wayne, IN.
  • Huntsville, AL.
  • Wichita, KS.
  • Springfield, MO.
  • Davenport, IA.
  • Hickory, NC.
  • Montgomery, AL.

Can you live in Mexico on $1500 a month? ›

Cozumel, Mexico

Plus, with more than 350 restaurants, there's something for every taste and budget. The Cost: Many expats live comfortably on $1,500 a month, according to International Living. Cozumel also has top-notch healthcare services. Renting a one-bedroom condo typically ranges from $450 to $700 a month.

Where is the cheapest warm place to retire? ›

The cheapest places to retire abroad include Panama, the Philippines, Portugal, Malaysia, Mexico, Thailand and Vietnam. Before making the move, consider expenses such as travel costs, taxes and visas, which can vary significantly from one country to another.

Where can I retire on $1300 a month? ›

Panama offers a dry, warm climate year round and a very low cost of living–with beach views. You can retire comfortably on $1,300 per month, and it's one of the best countries for quality of life. What's more, English is widely spoken, and you can use your US money anywhere across the country.

How much hourly is $1500 a month? ›

If you make $1,500 per month, your hourly salary would be $8.65. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 40 hours a week.

Is $1500 a month too much for rent? ›

According to the 30% rule, a person earning $5,000 gross per month could reasonably afford to spend $1,500 per month on rent. However, it's important to remember that this is only a guideline.

Is it cheaper to live in Costa Rica or USA? ›

Cost of Housing in Costa Rica versus the United States

Costa Rica housing expenses are significantly about 63% lower than those in the United States. Renting a one-bedroom apartment near a metropolitan area in Costa Rica averages $541 per month, whereas the same would cost around $1531 per month in the United States.

Is healthcare free in Costa Rica? ›

Costa Rica does have free public healthcare, but only for Costa Rican citizens who are most financially in need. This means that residents with a job and expats will have to pay for use of the public healthcare system (expats must provide proof of sufficient financial means in order to live in Costa Rica).

Can a US citizen move to Costa Rica? ›

Before relocating to Costa Rica long term, it's crucial to understand the residence and visa regulations. American citizens can visit as tourists for up to 90 days without a visa. However, if planning to stay longer or obtain residency, navigating Costa Rica's immigration process is necessary.

Where is the nicest but cheapest place to live? ›

10 Most Affordable Cities To Live In The U.S.
  • Evansville, Indiana.
  • Fort Wayne, Indiana.
  • Dayton, Ohio.
  • Wichita Falls, Texas.
  • Toledo, Ohio.
  • Akron, Ohio.
  • Springfield, Illinois.
  • Rockford, Illinois.
Mar 26, 2024

Where is the best place to live with low income? ›

The 25 Best Affordable Places to Live in the U.S. in 2024-2025
  • Green Bay, Wisconsin.
  • Montgomery, Alabama.
  • Hickory, North Carolina.
  • Davenport, Iowa.
  • Springfield, Missouri.
  • Wichita, Kansas.
  • Huntsville, Alabama.
  • Fort Wayne, Indiana.

Can I retire on $1500 a month? ›

In the recent GOBankingRates retirement survey, 56% of Americans said they plan to live on $1,500 a month or less in retirement (aside from housing costs). Yet for many, this is an unrealistically low amount, especially when you consider irregular expenses.

Where is the cheapest place to live on social security? ›

Our previous study highlighted some of the best states to live on Social Security, with the top five being Mississippi, Wyoming, West Virginia, Iowa, and Georgia. Retirees can start by choosing places within these states to stretch their retirement incomes a bit further.

Where can I live for $2000 a month in USA? ›

5 US Cities Where You Can Retire on $2,000 a Month
  • Chiang Mai, Thailand. Advantages: Very inexpensive. ...
  • San Juan, Puerto Rico. Advantage: In the United States. ...
  • Claremont, New Hampshire. A couple who found a place to retire on $2,000 per month. ...
  • Decatur, Indiana. Advantages: Potentially low rent. ...
  • El Paso, Texas.
Mar 19, 2024

Where is the cheapest place to retire with good healthcare? ›

Their healthcare, public safety and other metrics make these countries relative bargains, even compared with some of the cheapest places to retire in America.
  1. Japan. Cost-of-living index: 46.1.
  2. Malaysia. Cost-of-living index: 30. ...
  3. Oman. Cost-of-living index: 42.4. ...
  4. Taiwan. ...
  5. Czech Republic. ...
  6. Kuwait. ...
  7. Croatia. ...
  8. Slovenia. ...
Aug 25, 2024

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