A high-quality standard of living is one of the most important aspects of human life. If you want to stay happy and stress-free, you’ll need to consider your life quality, as it greatly impacts your health and overall well-being. While there are a lot of factors that influence your living standards, one of the biggest ones will be your physical location – AKA the country you live in. As much as you may be attached to your home, moving away from it might be the key to your highest quality of living.
From having easy access to healthcare to top-notch education for your kids, there are a lot of opportunities that you may be missing at home. Financial health is also crucial; to live a stress-free life, your expenses should never exceed your total income. If you’re feeling like the grass may be greener on the other side, you may want to look into foreign countries with a high standard of quality but low living costs, so you can truly be happy and stress-free.
Here are 7 countries that will give you the best quality of life without emptying your pockets!
Located on the southern tip of the American continent, Chile is known for its beautiful scenery, delicious cuisine, and friendly people. But aside from these benefits, it’s also one of the most affordable countries to live in around the world.
According to a recent study, Chile has the second lowest cost of living in Latin America. And it’s not just cheap, it’s a wonderful place to call home due to the facilities it offers to both residents and tourists.
Thailand is an attractive place for retirees, digital nomads, and other budget-minded traveler. In Thailand, you won’t need a huge bank balance to live a happy life because rent prices are affordable, transportation costs are relatively low, and food/entertainment options are also reasonably priced.
At the same time, Thailand makes your living standards comfortable by providing good infrastructure, excellent healthcare, and a wide range of amenities.
Portugal is a popular destination among foreigners because of its low living costs. The country’s economy is still expanding, and its currency has been stable for many years now. The unemployment rate in Portugal is only around 4 percent, while it’s almost double that in other European countries like France or Germany.
You won’t have any dull moments in Portugal due to its beautiful scenery and show-stopping palaces. You can find many restaurants, cafes, and shops even in small towns. The big cities, such as Lisbon and Porto, have much more to offer when it comes to nightlife and culture.
Taiwan is worth considering if you’re looking for a place to enjoy a high standard of living without breaking your bank account. Despite being an incredibly modern and developed country, the cost of living in Taiwan is relatively low. The average monthly income in Taiwan was $2,078 in 2010 before taxes, which was more than enough to maintain a good standard of living.
Rent and food are both very affordable, and public transportation is efficient and cheap. Plus, many great job opportunities are available, especially in the tech industry.
Greece has been known for its high living standards since ancient times. In fact, there are many archaeological findings that prove this fact. During the time when Greece was still under Ottoman occupation, it maintained a high standard of living because it had access to natural resources like oil, gold, and silver mines which made it possible for them to develop agriculture and industry at an accelerated rate.
Today’s standards are still very high compared with other countries in Europe due to its low living costs and very healthy rate of employment.
The cost of living in Vietnam is about half of the cost of living in France and Italy, and it is one of the most affordable countries in Asia. Vietnam has a relatively low level of poverty, due to more employment opportunities than other Southeast Asian countries such as Indonesia and Thailand.
In these countries, over 10% percent of the population lives below the national poverty line (NPL). But, in Vietnam, only 3% live below the NPL.
Mexican people are welcoming and friendly, so you’ll quickly feel at home if you move to Mexico. The costs for daily facilities are not high, which makes things accessible for almost everyone. Moreover, Mexico also has a very low inflation rate.
The average Mexican can afford to eat at a restaurant or cafe every day, buy groceries for less than $5 per day, and still have enough money left to enjoy life.