Where To Move Abroad: The Most Affordable Countries for Expats in 2024

As the cost of living continues to rise globally, the need to find destinations that balance affordability and quality of life has become paramount for those considering an international move.

The Expat Insider 2024 survey has revealed the most affordable countries for expatriates, based on a comprehensive Personal Finance Index. This index considers three key factors: general cost of living, satisfaction with the financial situation, and whether disposable household income is sufficient for a comfortable life.

To qualify for the ranking, a country requires a minimum of 50 respondents. In 2024, 53 destinations met this threshold. Let's explore the top 10 most affordable locations for expats this year:

Asia stands out in terms of affordability

The dominance of Asian countries in this ranking underscores the region's appeal for expats seeking affordable living options.

Vietnam

For the third year running, Vietnam has secured the number one position in the Personal Finance Index. An impressive 86% of expats rate the cost of living favorably, with half considering it very good. Moreover, 68% of respondents agree that their disposable household income more than suffices for a comfortable lifestyle.

Vietnam's affordability extends beyond just daily expenses. The country offers reasonably priced real estate, especially in comparison to other Southeast Asian nations.

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Indonesia

Indonesia ranks third in terms of expats' satisfaction with their financial situation. A substantial 72% of respondents in Indonesia are happy with their financial circumstances, significantly higher than the global average of 54%.

In major cities like Jakarta and Surabaya, modern amenities and international-standard healthcare are readily available at affordable prices. Bali, in particular, has become a hotspot for digital nomads and entrepreneurs, offering a unique blend of tropical lifestyle and growing business opportunities.

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Thailand

Thailand, long known as a favourite destination for expats, ranks 8th in the Personal Finance Index. The country's combination of low living costs and high quality of life continues to attract expats from around the world.

In response to the growing trend of remote work, the Thai government is actively promoting Thailand as an attractive destination for "digital nomads." This initiative includes launching new, more convenient, and streamlined visa policies, as well as developing digital infrastructure.

These efforts aim to make it easier for remote workers and freelancers to live and work in Thailand long-term, potentially boosting the country's appeal in future expat rankings.

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China

China, the world's second-largest economy, closes the top 10 list for expat affordability. Despite being a major economic power, China's ranking shows it can still offer good value for expats, especially when factoring in potential high salaries in major cities.

China's rapid development and modernisation have created numerous opportunities for expats in various sectors, including technology, finance, and education. While living costs in tier-one cities like Shanghai and Beijing can be high, other cities offer a more affordable lifestyle without compromising on amenities.

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Conclusion

While affordability is a crucial factor in choosing an expat destination, ensuring access to quality healthcare is equally important for a successful move. If you and your family are planning to relocate abroad, it is important to have reliable health insurance coverage.

With over 30 years of experience, APRIL International is a trusted provider of health insurance plans for locals and expats. Our plans offer comprehensive coverage worldwide, giving you peace of mind wherever life takes you. Plus, we offer unmatched flexibility and customisability to ensure you get the coverage that fits your unique needs.