5 Cheapest Countries to Live in, In The Year 2020

The year 2020 has been a weird year, it started normal but then things began to get a little bit rocky. First, we got the coronavirus, which pretty much halted the world economy; people are staying home, an economic depression is on the horizon and the oil prices are in the negative. This is the weirdest year we had to witness in a long time. In an unstable economic atmosphere like the one we currently have, you might start to wonder where would be the cheapest places to live and still have a decent life. We gathered a list of the cheapest countries that you could live in and still enjoy a relatively decent standard of living.

5. Mexico

Bordering the biggest economy in the world from the south is one of the cheapest countries to live in; rent for a one-bedroom studio apartment in this country costs on average $275, did you guess which country it is? Obviously it is Mexico, but what is not so obvious for people is that it’s really cheap to live there; eating out could cost you around three dollars, coffee could cost one dollar, and as you can see in this Reddit post: 

You can get a lot of vegetables and fruits for just $25.

4. Peru

On number four on our list comes Peru. A country that is located in South America and borders many countries like Colombia, Brazil, Chile and the Pacific Ocean. One-bedroom apartment in this country is going to cost you around $198 per month, a normal-sized beer $1.47 and coffee is going to roughly cost around one dollar. Eating out costs around $2.70. Therefore, if you are looking for a cheap country to live in then this country should surely be on your list.

3. Indonesia

The third country we have is Indonesia. Rent here is going to cost you around $142 per month for a one-bedroom studio apartment and $12 for a night in a hotel. Eating out is also cheap, a meal could cost around $1.77 and coffee costs around $0.71.

2. Vietnam

We’re still in Asia and coming up at number two is Vietnam. Now while a one-bedroom studio apartment is going to cost you around $259 a month other expenses are cheaper than most of the countries that we have discussed in this list so far. For example, coffee can cost you about $0.58 and eating out could cost only around $1.7.

1. Argentina

Coming up at number one on the list is Argentina. Getting a one-bedroom apartment in this country is going to cost you around $100 a month. Eating out will cost you around $1.7, which is insane if you think about it. Coffee costs around $0.50. And on top of all of that, it is a really beautiful country; with places like:

Iguazú Falls

Perito Moreno Glacier

Incredibly beautiful cities like Mendoza

With all of that Argentina becomes a really hard destination to miss if you’re looking for an affordable country to live in.

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