Comparing Retire Cheap Living Costs Around The World

In this report, we are comparing retire cheap living costs around the world.

The estimate is only for a bare-bones expense for a one-bedroom apartment, utilities, 2 meals per day in restaurants, and local transportation including local buses and taxis.

Rent- Rent+ Meal- Meal+ Utilities Bus Taxi
Low Range

1

0

56

4

1

20

10

High Range

0

1

52

8

1

10

20

There is a low and a high range estimate in the above table. The only difference between high and low is how close-in the apartment is, the number of 3-course restaurant meals per month, and the number of bus or taxi rides per month.

Low Range: The low range line in the table means 1 lower rent per month because it is further from the city center, 4 meals in inexpensive restaurants per month, four 3-course meals in higher-end restaurants per month, 20 bus rides, and 10 taxi rides per month.

High Range: The high range line in the above table means 1 higher rent per month closer to the city center, 52 meals in inexpensive restaurants per month, eight 3-course meals in higher-end restaurants per month, 10 bus rides, and 20 taxi rides per month.

The data in the below table is taken from Numbeo.com for each city on the list and has been converted into US dollars for comparison purposes. For example, Oaxaca is the first city in the table below. The rents range from $214 to $362 based upon distance from the city center. A cheap meal is $2.72 and an expensive meal is $8.35.

If you multiply out how many of each expense you have per month based upon the above table of high versus low ranges, you get the low and high range for each city in the table below.

Country City Rent- Rent+ Meal- Meal+ Utility Bus Taxi Low High
Mexico Oaxaca

214

362

2.72

8.35

18.96

0.33

1.67

441.98

625.9

-Dominican Republic Luperon

211

402

5.5

18

64

0.46

3.66

700.8

973.8

Costa Rica Montezuma

374

500

7

22

75

0.88

1.15

958.1

1146.8

Philippines Dumaguete

237

333

2.77

7

114

0.2

0.79

546.02

664.84

Colombia Santa Marta

318

336

2.76

9.5

113

0.48

1.5

648.16

703.32

Peru Arequipa

187

265

2.51

6.72

39.55

0.3

1.48

414.79

521.43

Thailand Krabi

308

478

3.4

9.25

43

0.62

3.09

621.7

839.8

-Greece Donousa

304

364

11

18

164

1.52

3.79

1224.3

1335

-Turkey Antalya

120

160

3.31

5.8

47.85

0.45

0.56

391.01

442.07

-Brazil Rio

215

324

4.48

9.85

91.52

0.75

1.04

622.2

755.58

Portugal Porto

561

752

7.58

16.25

112

1.41

3.79

1228.58

1478.06

Vietnam Nha Trang

285

376

1.92

9.6

94

0.38

0.6

538.52

662.44

Argentina Buenos Aires

205

253

5.97

11.2

68.67

0.31

0.75

666.49

739.81

The ranges in this above table are for only one person and only includes 2 meals per day, rent, utilities, and local transportation. For a more accurate estimate, visit Numbeo.com and add anything you spend money on each month to determine your estimated cost of living for each city. You would need to do an exploratory visit to determine what your actual living costs would be in each city.

But with this data, you will begin to see how the minimum no thrills cost of living varies around the world.

Now I will say a little about each city and what I like about them. If I have posted a report or blog for a city I will include a link to that on the web page. So just click “More Information” in the notes below this youtube video.

Oaxaca, Mexico: $442 to $626 Month: This is my favorite city in Mexico. It is clean and beautiful and full of indigenous people and their arts, crafts, and culture. Make sure to watch our videos walking around the city center streets at night and day. It is one joyous place to be. Make sure to have the flower tacos we talk about in our retire cheap report and videos for Oaxaca.

Porto, Portugal: $1229 to $1478 Month: This was my favorite city in Portugal. It felt like we were living in a storybook with all the gorgeous architecture and cobblestone streets. Make sure to do a day trip or a weekend trip to see nearby Sintra and Coimbra.

Santa Marta Colombia: $648 to $703 Month: This is a laid back beach community about 5 hours from Cartagena. The prices here are much cheaper and life moves at a slower pace. There are nearby national parks and gorgeous white sand beaches.

Krabi Thailand: $622 to $840: This is a small town with a riverfront walk that is just a short boat ride from one of the most famous beaches in Thailand–Railay Beach. So you can sneak over to Railay. So you can enjoy the night market and small-town feel of Thailand but stop in on the action whenever the mood strikes. Make sure to see our Railay Beach tour video and our tour of Krabi Town video.

Nha Trang Vietnam: $539 to $662 Month: This is my favorite spot in Vietnam and my present favorite for easy beach living in SE Asia. The food is cheap and amazing and we found an amazing 1 bedroom just 2 blocks from the beach for $15 USD per night on short term rental. You would have to commit to a lease to get the rent prices mentioned in the above table. Make sure to check out our Best Mud Bath Spain in Nha Trang Video.

Arequipa Peru: $415 to $521 Month: This was my favorite city in South America for daily life. It is a beautiful mid-sized university town with an amazing assortment of international restaurants, nightlife, and things to do. Make sure to check out Santa Catalina Monastery Tour video.

Dumaguete, Philippines: $546 to $665 Month: We have been here for about 2 months now during the coronavirus lockdown. It has been a very easy and cheap place to live. Plus the Filipino people are lovely people. Make sure to watch our day tours from Dumaguete to Apo Island and Siquijor Island.

Buenos Aires, Argentina: $666 to $740 Month: I haven’t been to Buenos Aires in 11 years. But I absolutely love it last time. I am looking forward to seeing it again in the next few years.

Montezuma, Costa Rica: $958 to $1146 Month: I got a chance to drive the coast of Costa Rica when I was there about a decade ago. It stuck out in my mind as a laid back hippie town. I wasn’t overly impressed with the cost of living in Costa Rica. But the people were nice there. If you end up slow traveling through Central America, make sure to check out Antiqua and Granada. They were much cheaper to live for sure and even more charming.

Please like, comment, or subscribe if you feel we provide enough value for you to want to help us make our business grow. Feel free to come to Vagabond Buddha and click the free eBook link at the top to get my eBook, “How I Fired My Boss and Traveled the World for 13 Years.” While there feel free to browse through our retire cheap reports all over the world.

This is Dan of Vagabond Buddha. Have an amazing day.

2 thoughts on “Comparing Retire Cheap Living Costs Around The World”

Leave a Reply

Your email address will not be published. Required fields are marked *