The average monthly expenditure in the United States is $2,433, but there are 50 countries around the world where the cost of living is lower. In the list of the cheapest, European countries dominate — Portugal requires only $1,286 per month, and the Czech Republic $1,199, with plenty of job opportunities in these places. Wealthy Middle Eastern countries are no exception, with Saudi Arabia at $1,244 and Latvia at $1,204 also making the list.

Interestingly, although Australia and Canada are developed, their monthly expenses are only $2,293 and $2,042, yet they still manage to make it onto the list. In contrast, in first-tier cities, this amount of money is simply not enough to support a living for Americans.

There are essentially a few types of people who want to reduce their cost of living: remote workers (USD salary + local expenses), retirees (maximizing fixed income), or those who simply want to experience different scenery. Countries like Portugal, Uruguay, and Costa Rica have recently become popular destinations. Data shows that choosing the right place can indeed cut living expenses by 30-50%.