Do you wonder where the best places in the world are to live? What is the definition of the “best place?” To some people, the best place might be an exotic location with beautiful scenery and natural settings. To others, it might be a place with great job opportunities, affordable housing & living, great healthcare, and/or a low crime rate. Below we will explore some of these best places in the world to live.
Here’s some of the cheapest places to live in the world:
Puerto Vallarta, Mexico
Puerto Vallarta is a beautiful beachside resort city that is right on the Pacific coast of Mexico. An increasing number of people are retiring in Mexico because it is affordable, and they have many exotic locations like this one. However, one thing about Mexico which often doesn’t get discussed is their amazing healthcare. All residents of the country can apply for national healthcare insurance.
There are currently two programs available for that; Seguro Popular and IMSS. Retirees in Mexico can apply for IMSS and it will only cost them between $350 and $450 annually. The only thing is this healthcare coverage is very limited and you must go through an appointment system just to get treated. Seguro Popular is a better healthcare program for retirees and prescription medication cost up to 50% less than what it costs in the United States.
Da Nang, Vietnam
If you are truly looking for an affordable place to retire, then consider a large Vietnamese city like Da Nang. You can rent a furnished apartment or house in a central area of the city for as low as $250 per month. There are also upscale resort locations where you can stay for about $1,000 per month. These include private swimming pools, golf club memberships and so on.
As for the utilities, you can get a high-speed internet service for only $13 per month and cable television for only $5.50 per month. The food choices are all natural, organic, and perfectly healthy. There are numerous Vietnamese farmers markets which sell bags of produce for just a couple of dollars. If you were to come to Vietnam on a small retirement pension of $800 per month, you could still afford to live very comfortably. And, of course, let’s not forget the gorgeous beaches and culture of the city and country!
Phnom Penh, Cambodia
Cambodia doesn’t get nearly enough attention as a retirement country. Although, it has secretly become a prime location for expats to live out their retirement in a luxurious setting at an inexpensive price.
Over the last 15 years, Cambodia has seen a huge increase in the number of foreigners retiring in their country. Phnom Penh, the capital city of the country, has plenty of good deals on apartments. An expat can find a 2-bedroom, 1-bathroom apartment with a balcony starting at just $350 per month. This is in a good location too and the apartment has its own kitchen, living room and anything else you would expect.
And if you go to one of the beachside towns like Sihanoukville, you can find an apartment for only $200 per month. The utility expenses will not be a problem either because you can get all your electricity, trash, cable television, and water bill covered for only $100 per month.
Coronado, Panama
Panama has become a popular retirement country because of its amazingly comfortable climate. The coastal resort city known as Coronado is one popular expat location because it has mostly sunny weather all year round. You’ll never need to worry about hurricanes either because this location does not fall in the normal hurricane belt which the northern regions fall into. The average temperature in most areas of the country is 88°F. If you go to any of the mountain towns which are at higher altitudes, they temperatures will be even less at about 73°F.