5 Countries Where You Can Live Well for Less Than $2,000/Month

One of the biggest misconceptions about moving abroad is that it requires a massive bank account or early retirement savings. But in reality, there are several countries where you can live comfortably, and in some cases luxuriously, for less than $2,000 per month.

As someone who chose the Dominican Republic as my home base, I can tell you firsthand that Dominican Republic offers the perfect blend of affordability, beauty, and community. But I also recognize that island living isn’t for everyone. Some people are looking for mountains, colonial cities, or even European charm on a budget, here are five countries where you can stretch your dollars and live well. Keep in mind as you scroll down and read the are average in some places it can be much less or slight higher depending on the city and the individual’s lifestyle.

1. Dominican Republic – Island Life Without the High Price Tag

We’re going to start with my personal favorite. The Dominican Republic is a Caribbean gem with white sandy beaches, lush mountains, vibrant cities, and warm people. You can live in Santo Domingo, Santiago, or even near the beach in places like Las Terrenas or Punta Cana and still keep your budget under $2,000/month.

Sample monthly budget:

• Rent (1-bedroom apartment): $600–$800

• Utilities & Internet: $150

• Groceries: $250

• Transportation: $100

• Health insurance: $75–$150

• Dining out & entertainment: $200

• Miscellaneous: $150

Scenario:
A couple living in Santiago rents a modern two-bedroom apartment for $650, shops at local markets, and enjoys beach weekends in Puerto Plata. They live well under $2,000/month and still have money to explore the island.

2. Portugal – European Lifestyle With Latin Flair

Portugal is one of the most affordable Western European countries. Cities like Lisbon and Porto are more expensive, but smaller towns like Coimbra, Braga, or even the Algarve region offer a great quality of life for less.

Sample monthly budget:

• Rent (1-bedroom in a smaller city): $600–$850

• Utilities & Internet: $130

• Groceries: $250

• Transportation: $50 (public transit is excellent)

• Health insurance: $100

• Dining out & entertainment: $150

• Miscellaneous: $100

Scenario:
A remote worker can live in an apartment near the historic center, walks to cafes, and enjoys weekend trips to nearby beaches. Life is peaceful, safe, and under $2,000/month with European healthcare and culture.

3. Mexico – Culture, Cuisine, and Cost-Friendly Living

Mexico is a vast and diverse country with something for everyone. From the colonial charm of San Miguel de Allende to the coastal tranquility of Puerto Escondido or the modern vibes of Mérida, Mexico is a top destination for budget-conscious expats.

Sample monthly budget:

• Rent (1-bedroom apartment): $500–$850

• Utilities & Internet: $100

• Groceries: $200–$250

• Health insurance: $75–$125

• Transportation: $100

• Dining out & entertainment: $150–$200

• Miscellaneous: $100

Scenario:
An expat living in Oaxaca enjoys authentic street food, gym membership, and explores nearby mountains and villages. They spend less than $1,800 a month with room to spare.

4. Colombia – Modern Cities, Natural Beauty, and Affordable Comfort

Colombia has come a long way in recent decades and is now one of the best-value countries in Latin America. Cities like Medellín, Bogotá, and Cali offer modern infrastructure, a vibrant social scene, and excellent weather, especially in Medellín, known as the "City of Eternal Spring."

Sample monthly budget:

• Rent (furnished 1-bedroom): $400–$700

• Utilities & Internet: $125

• Groceries: $200

• Transportation: $75

• Health insurance: $70–$100

• Dining out & entertainment: $250

• Miscellaneous: $100

Scenario:
A digital nomad based in Medellín that works from a co-working space with mountain views, lives in a trendy neighborhood like El Poblado, and brushes up on their salsa with classes on the weekends. Total monthly spend? Around $1,600.

5. Thailand – Tropical Asia With World-Class Amenities

If you’re open to living in Asia, Thailand is hard to beat. Whether you're in the buzzing capital of Bangkok or the laid-back north in Chiang Mai, your money goes far. The food, hospitality, and healthcare are all excellent and very affordable.

Sample monthly budget:

• Rent (1-bedroom apartment): $400–$600

• Utilities & Internet: $80

• Groceries: $175

• Transportation: $40 (motorbike or public transit)

• Health insurance: $50–$100

• Dining out & entertainment: $250

• Miscellaneous: $100

Scenario:
A solo traveler rents a furnished apartment in Chiang Mai, eats out daily (meals cost $1–$3), and explores temples and waterfalls on weekends, all while spending less than $1,400/month.

Final Thoughts

While I chose the Dominican Republic as my home because it checked all my boxes; culture, proximity to the U.S., family values, and climate. I know it’s not everyone’s cup of tea. That’s why it’s so empowering to know that the dream of living abroad on a modest budget is alive and well in multiple corners of the world.

If you're feeling stuck, burned out, or simply craving a lifestyle change, know that you have options. These countries prove that you don’t have to be rich to live a rich life, you just have to be willing to explore.

Which of these countries would you consider living in?

Until then,
Live Your Best Life 
Jay