Here are six safe countries with 30% to 60% lower costs of living than in the United States. Scroll to the bottom of the article for a video.
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Currency exchange rates were sourced from Google Finance as of May 2025 and are subject to change. Cost of living figures come from Numbeo and are based on user-contributed data.
You don’t need wealth to live well outside the United States. In many countries, enjoying a comfortable lifestyle on a typical American salary is possible, or just on Social Security. While beachfront living might seem out of reach, it’s very doable. In fact, both Peru and Brazil offer oceanfront accommodations for under $700 to $800 a month, including utilities. The key is to avoid major tourist zones but stay close enough to international expat communities for convenience and connection. Meanwhile, Brazil is not on the list due to safety issues; oceanfront living along the Atlantic coast is more than affordable in Brazil. Check with the U.S. State Department for exact details and areas to avoid.
1. Mexico.
The cost of living, including rent, is 49.7% lower in Mexico than in the U.S. Mexico has long been a top destination for American retirees and remote workers. The exchange rate is $1 to 19.43 pesos. Over 1 million Americans currently reside in Mexico, many of whom live around the Lake Chapala area, known for its scenic beauty, temperate weather, and vibrant expat community.
Other favored locations include Tulum—a tropical resort town on the Riviera Maya—and Mérida, a Spanish-colonial city located on the Yucatán Peninsula. Mérida stands out for its low crime rate, affordable healthcare, and its own international airport, making it especially convenient for international travelers. Official Site: Temporary Resident Visa
2. Costa Rica.
Costa Rica’s cost of living is 33.7% lower than the U.S.’s, and the current exchange rate is $1 to 506.07 colónes. While some goods are pricey due to high import tariffs, affordable healthcare and a laid-back lifestyle help balance the scales. San Ramón is a recommended destination for retirees living on a budget of $2,500 or less. This inland city offers excellent access to Costa Rica’s capital, San José. On the Pacific coast, the beach town of Dominical is a favorite among expats, many of whom live just up in the cooler mountains nearby. For more upscale living, consider Flamingo, Liberia, or Brasilito, located in the sun-drenched Guanacaste region known as the Gold Coast. Official Site: Applying for Residency in Costa Rica
3. Peru.
Living in Peru can cost up to 62.2% less than in the U.S., and $1 currently equals 3.79 soles. Lima, the capital, boasts the most conveniences, job opportunities, and a large expat community. However, Arequipa—also known as “The White City”—offers a lower cost of living with plenty of cultural attractions such as Plaza de Armas and the Basilica Cathedral. Arequipa is also known for its U.S.-style shopping and mild climate. Mancora in Northern Peru has a lively beach scene for those who prefer life by the ocean. While it’s a popular tourist area, it’s still affordable, although residents often travel for advanced healthcare or specialized services. Official Site: Rentista Visa – Residencies.IO
4. Spain.
Spain offers a 33.2% less expensive lifestyle than the U.S., with an exchange rate of $1 to 0.89 euros. While cities like Barcelona and Madrid remain hotspots, many expats are finding hidden gems elsewhere. Sitges, a coastal town often called the “Fire Island of Europe,” is known for its LGBTQ+ friendly environment, vibrant arts scene, and more than a dozen beaches. For a more relaxed pace, consider Miraflores de la Sierra, just an hour by bus from Madrid. This medieval mountain village is ideal for outdoor lovers, with abundant hiking and climbing opportunities. Official Site: Popular Visas to Ecuador
5. Greece.
With a cost of living 38.8% lower than the U.S. and the same euro exchange rate as Spain, Greece draws in expats with its charm, culture, and coastal beauty. While many Greek islands go quiet during the off-season (November through March), Crete is a year-round option. This island offers ancient ruins like the Palace of Knossos, pink-sand beaches like Elafonisi, and a more traditional Greek lifestyle with less seasonal fluctuation. Another viable option is Siros, the Cyclades cultural and administrative hub. It offers reliable access to Athens and hosts festivals and events year-round. Official Site: Residence Permits – Ministry of Migration and Asylum
6. Thailand
Thailand’s cost of living is about 54% lower than in the U.S., with an exchange rate of $1 to 33.08 bahts. Bangkok is a magnet for expats who want modern amenities and top-tier healthcare at affordable prices. Chiang Mai in northern Thailand blends history with convenience for a quieter lifestyle. The city is ringed by ancient wall remnants and filled with over 300 Buddhist temples. If a tropical beach life is your dream, Koh Samui—also known as “Coconut Island”—might be your paradise. This relaxed island boasts pristine beaches, world-class seafood, and a strong expat presence. Official Site: Thailand Immigration Bureau
Conclusion.
Whether you’re retiring or working remotely, these countries offer affordable options to stretch your dollars further, without sacrificing comfort or quality of life. If you are interested in learning more about an affordable retirement destination, check out the blog’s article on #Top Low Cost of Living Retirement Destinations in the U.S. and Mexico for 2025 – Budget Retirement Options
