Cheapest Places to Live and Work in the World, Going by the economic realities of our world today, over the years
A lot of people are seeking opportunities by moving from one country to another in search of greener pastures.
Sometimes immigration laws, high costs of living, and unforeseen circumstances often make it difficult, in most cases impossible, for migrants in search of a better life to be able to reach their desired destinations
As you keep reading, you will discover how simple and easy to locate the top 10 cheapest places to live and work in the world
These countries are safe, with low cost of living and job opportunities for foreigners to make life easy and better.
7 Key Things to Consider Before Relocating
1. Visa and Immigration Rules
Before deciding to relocate, it’s important to know the visa requirements and understand what is needed from the country you plan to visit. Check if you qualify for any specific category.
1b. Legalities
Understanding the legal framework of the country visa you are applying for is important for a smooth relocation process.
2. Employment Opportunities
Research the job market in the country you are applying to, ensuring there are job openings and opportunities in your field. Understand the employment conditions.
3. Cost of Living
Gather information on the cost of housing, transport, and healthcare in the country you plan to visit. This will help you make informed decisions and plan adequately.
4. Cultural Adjustment
Understanding the cultural values of the country you plan to visit is crucial for a smooth adjustment.
5. Quality of Life
Evaluate the quality of life in the destination country to set realistic expectations and understand how to adapt to living there.
6. Financial Planning
Create a financial plan to prepare for expenses and gain an understanding of the country’s financial system.
7. Safety and Security
Know the crime rate of the country you are visiting to ensure a safe living environment.
Most Affordable Countries to Live and Work in Eastern Europe
In Eastern Europe, there are countries with good quality of life and affordable cost of living these countries are listed below
Romania
Population: Approximately 19 million
Official Language: Romanian
Cost of Living: $812
Safety: Ranked 97th
Quality of Life: Higher standard compared to Moldova
Work Permit: More work permits issued to non-European Union (EU) citizens
Moldova
Population: Approximately 26 million
Official Language: Chisinaean
Cost of Living: $810
Safety: Ranked 54th
Quality of Life: Lower standard compared to Romania
Work Permit: Limited opportunities compared to Romania
Cost of living:
The cost of living in Moldova is $810, 0.2% less expensive than Romania’s $812. Romania and Moldova are safe countries for travelers, ranked 97th and 54th, respectively.
Romania, as an EU member, has made significant investments in transportation, infrastructure, and urban development. while Moldova, being less economically developed, offers a lower standard of living.
Work Permits and Immigration Rules:
Romania issues more work permits to non-EU citizens, according to a report published by Friedrich-Ebert-Stiftung Romania annual number of work permits issued to non-EU nationals tripled between 2013 and 2022.
They are job opportunities for foreigners in Romania that pay well for both skilled and unskilled jobs
While in Moldova to have the right to work either as a temporary or permanent resident both require a permit and an identity card this is to clarify your legal status in the country.
3 Cheapest Countries to Move to in Southeast Asia
The cost of living in these countries is low and accommodating compared to other Asian countries, The list of these countries is as follows.
Indonesia
Cost of Living: $573
Malaysia
Cost of Living: $598
Vietnam
Cost of Living: $628
Quality of Life:
Vietnam and Malaysia have more infrastructural development, better food, security, and political stability compared to Indonesia.
Cost of Living:
Monthly expenses in Indonesia are lower than in Vietnam and Malaysia, starting from $573. Depending on status and lifestyle, one can live comfortably in any of these countries.
Work Permits and Immigration Rules:
In Vietnam, according to the Labor Code 2019 that took effect in 2021, work permits are issued for a period of up to two years and restricted to only one renewal.
Vietnam E-visas are available for citizens of all countries and territories with a 90-day stay duration and are valid for multiple entries, this took effect on 15 August 2023.
American Countries with the Lowest Cost of Living
These are the two Americans and countries that have the lowest cost of living.
Haiti: $572
Colombia: $646
Quality of Life:
Haiti is ranked for overall life satisfaction, with affordable healthcare and recreation. However, security instability may impact visits.
Cost of Living:
Both Haiti and Colombia have low and decent costs of living, ranging from $572 to $646.
Work Permits and Immigration Rules:
Haiti requires direct contact with the Ministry of Labor and Social Affairs for work permits. Colombia has specific visas for long-term work.
African Countries with Low Cost of Living and Job Opportunities
Egypt’s Cost of Living starts from $350 per month upwards depending on your status, lifestyle, and family size.
Tunisia
Cost of Living: $432
Algeria
Cost of Living: $439
Quality of Life:
Egypt, Tunisia, and Algeria have different strengths when it comes to infrastructure development, with Egypt leading in cities like Cairo and Alexandria.
Cost of Living:
Egypt generally has a cheaper cost of living compared to Tunisia and Algeria, with monthly expenses starting from $350.
Safety:
Tunisia and Algeria are considered safer.
Job Opportunities for Foreigners:
Foreigners can work in Egypt, Tunisia, and Algeria but require work permits according to each country’s laws and requirements. Job opportunities depend on individual skills and preferences.
With all this detailed information, understanding the top 10 cheapest places to live and work in the world has been made easy. Ensure you check out the embassy official websites of all the countries mentioned in the post for detailed information about their visa requirements and immigration laws.