5 Best Countries Where You Can Live on $1,200 a Month

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If your monthly budget is only around $1,200, living abroad might stretch your money farther than you thought.

In fact, according to a study by International Living, there are plenty of countries where it’s possible to cover housing, utilities and food for much less than that. Here are five of the best options. 

Albania

If Mediterranean living without the high price tag is what you’re seeking, check out Albania. However, you’ll want to largely avoid the capital city of Tirana, which is the most expensive place in the country, and opt for smaller towns.

According to International Living, expats have reported renting a one-bedroom apartment in coastal towns, Vlore and Sranda, for about $350 per month, with utilities averaging $75. Additionally, groceries are affordable if you stay away from imported foods and buy from local markets. 

Cambodia

Cambodia, located in Southeast Asia, is another country where expats can live on a limited budget.

International Living found that a furnished apartment in the capital city of Phnom Penh rents for about $300 to $400 per month, depending on size. In smaller towns, such as Siem Reap, Kampot or Battambang, you can find furnished apartments for as little as $200.

Regarding utilities, electricity costs the most — $70 to $100 per month if you use the air conditioner. Dining on local cuisine is also quite affordable. A couple can eat three meals per day for about $540 a month. 

Peru

The South American country of Peru offers a rich culture and affordable living. Like other countries International Living identified, the smaller towns are rather inexpensive.

In the popular tourist city of Cusco, a modern one-bedroom runs $250 to $400, including water and electricity, and you can enjoy fresh fruits and vegetables for about $20 per person, per week. The Sacred Valley, a village near Cusco, offers small houses for rent for around $300. 

Colombia

Friendly locals and a temperate climate make Colombia an attractive option for expats looking to keep expenses affordable. Smaller Colombian cities like Armenia, Bucaramanga, Manizales or Pereira are the most affordable.

The International Living study found that two- to three-bedroom apartments, 50 to 60 square meters (538 to 646 square feet), can cost $250 to $400 per month, with utilities running about $50 to $100, depending on location. Groceries for two might be around $200 per month. 

Vietnam

Vietnam is considered one of the most affordable destinations in Asia. A 500-square-foot apartment in Hanoi can rent for about $265 per month, including housekeeping and utilities (except for electricity, which could run as much as $50 additional per month), per the International Living study.

However, don’t expect scenic views — the apartment may be located down an alley. Smaller cities, such as Da Nang and Hoi An, will be even less expensive. Even though it’s a larger city, dining out in Hanoi is extremely affordable. Street food is around $3 per person, and a meal for two people at a mid-range restaurant is $10 to $13. 

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