Vietnam Tops the List of Most Affordable Countries to Live, Survey Finds

Vietnam continues to shine as a top destination for budget-conscious expatriates around the world.

According to the 2024 Expat Insider survey by InterNations, Vietnam has once again secured the top spot as the most affordable country for expatriates—marking the fourth consecutive year it has claimed this title. The survey, which is one of the most comprehensive global studies of life abroad, assesses key factors including cost of living, financial satisfaction, and comfort with income levels.

An impressive 86% of expats in Vietnam reported satisfaction with their financial situation—well above the global average—demonstrating that life in Vietnam offers not only affordability but also financial stability for foreigners living and working here.

Beyond the financial perks, Vietnam’s vibrant culture, world-renowned cuisine, and welcoming communities add to its charm. From bustling cities like Hanoi and Ho Chi Minh City to peaceful beach towns and mountainous retreats, Vietnam offers a wide range of lifestyle options at a fraction of the cost of many Western countries.

A Glimpse at the Other Budget-Friendly Countries

Trailing Vietnam in the affordability rankings is Colombia, which landed in second place. The South American country is beloved for its diverse landscapes, rich heritage, and growing economy. Many expatriates report enjoying both a high quality of life and financial freedom there.

In third place is Indonesia, where beautiful islands, affordable housing, and vibrant local culture make it an ideal destination for expats seeking a tropical and economical lifestyle. The Philippines, ranked fifth, also stands out with its low cost of living, warm hospitality, and stunning coastal destinations, making it a favorite among retirees and digital nomads alike.

Other Countries in the Top 10

Rounding out the Top 10 Most Affordable Countries to Live in 2024 are:

• India – Offering a vast cultural landscape and extremely low living costs.
• Mexico – Loved for its warm climate, coastlines, and lively local culture.
• Thailand – Known for its expat-friendly cities, street food, and healthcare system.
• Brazil – With its festive atmosphere and affordable urban living.
• China – Where expats benefit from affordable transport, housing, and food.

As cost of living becomes a growing concern for people across the globe, these countries stand out for offering more than just savings. They provide opportunities for a balanced, enriched, and enjoyable lifestyle—and Vietnam continues to lead the way.

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Source: Vietnam Insider