It’s the ultimate fantasy: Escape the 9-5 by moving to a place where it’s so cheap you barely have to work and could even retire early. The Panama-based Live and Invest Overseas advises people on how to do just that, and the company has just announced its list of the 10 best places in the world where you can move in 2018 and live on the cheap.
We caught up with Kathleen Peddicord, publisher of Live and Invest Overseas, who told us why each of these places made the coveted list.
1. Lisbon, Portugal
2. Cali, Colombia
3. Santo Domingo, Dominican Republic
4. San Pedro, Ambergris Caye, Belize
5. Saint-Chinian, France
6. Abruzzo, Italy
7. Ljubljana, Slovenia
8. Playa del Carmen, Mexico
This little beach town on Mexico’s Riviera Maya was once a sleepy fishing village. No longer. These days “Playa” (as the locals call it) is home to over 10,000 foreigners. “Expats make up 7% of its total population,” says Peddicord. “In the 1990s the population was growing so rapidly that Playa was the fastest growing city in Mexico, and growth has continued strong in the 2000s.”
The appeal? It’s one of the safest areas of Mexico, plus, “the regional economy is stable and jobs are plentiful,” says Peddicord, who points out that expats in Playa own and operate bars, teach English and manage real estate offices. Many are also raising families here, thanks to an excellent international school founded by expats.
Another plus? “Playa’s population is incredibly eclectic for such a small town,” says Peddicord. “From young couples to retired couples, from families to groups of students, it seems to appeal everyone alike. It’s also a welcoming destination for the LGBT community, with several gay bars around town.”
“When it comes to day-to-day living, you’d have no trouble finding anything you’d want or need,” says Peddicord. This little town has 12 supermarkets and two Walmarts. The cost of living the beach life in Playa is more than reasonable and one of the many attractions for the large expat population. A couple could spend well under $2,000 per month, including rent, utilities and transportation.
9. Bali, Indonesia
10. Da Nang, Vietnam
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