5 affordable places you can live in 2024

Looking to make a fresh start in 2024 without breaking the bank? Whether you’re dreaming of a new adventure, seeking a lower cost of living, or simply craving a change of scenery, finding an affordable place to live can make all the difference. Here are five affordable places you can consider for your next move in 2024, offering a balance of low cost of living, vibrant culture, and plenty of amenities.

1. Chiang Mai, Thailand

Chiang Mai, the cultural heart of northern Thailand, is a haven for expats and digital nomads alike. Known for its rich history, stunning temples, and bustling markets, Chiang Mai offers a high quality of life at a fraction of the cost you’d find in Western countries.

Why It’s Affordable:

• Low Cost of Living: You can comfortably live on a budget of $1,000 to $1,500 per month, including rent, food, and entertainment.
• Affordable Housing: Rent for a one-bedroom apartment in the city center averages around $300 to $400 per month.
• Inexpensive Cuisine: Delicious street food meals are available for as little as $1 to $3.

Highlights:

• Cultural Richness: Explore ancient temples, traditional festivals, and a vibrant arts scene.
• Nature and Adventure: Enjoy hiking in nearby mountains, visiting elephant sanctuaries, and exploring national parks.
• Friendly Community: A large expat community makes it easy to make friends and settle in.

2. Medellín, Colombia

Once infamous, Medellín has transformed into one of the most innovative and livable cities in Latin America. Nestled in a valley surrounded by the Andes mountains, Medellín boasts a spring-like climate year-round and a burgeoning cultural scene.

Why It’s Affordable:

• Reasonable Rent: A modern apartment in a nice neighborhood can cost between $500 to $700 per month.
• Affordable Services: Utilities, internet, and transportation are all very reasonably priced.
• Cheap Eats: Local restaurants and street food stalls offer delicious meals for under $5.

Highlights:

• Urban Development: Modern public transport, including the famous MetroCable, makes getting around easy and cheap.
• Cultural Activities: Festivals, museums, and live music abound, ensuring there’s always something to do.
• Natural Beauty: Close proximity to lush green mountains and coffee plantations provides plenty of outdoor adventure opportunities.

3. Lisbon, Portugal

Lisbon, Portugal’s coastal capital, combines old-world charm with modern amenities. Its historic neighborhoods, stunning views, and vibrant nightlife make it an attractive place to live, all while maintaining a relatively low cost of living compared to other Western European capitals.

Why It’s Affordable:

• Moderate Rent: While rents have been rising, you can still find apartments for around $800 to $1,200 per month.
• Low Food Costs: Fresh produce and seafood are plentiful and inexpensive, with many meals costing between $10 to $15.
• Public Transport: Efficient and affordable public transportation helps keep daily expenses down.

Highlights:

• Historic Charm: Wander through the narrow streets of Alfama, enjoy the views from São Jorge Castle, and ride the iconic trams.
• Culinary Scene: Savor delicious Portuguese cuisine, including pastéis de nata, fresh seafood, and hearty stews.
• Lively Atmosphere: The city’s numerous festivals, music events, and bustling markets ensure there’s always something happening.

4. Tbilisi, Georgia

Tbilisi, the capital of Georgia, is an underrated gem offering a mix of history, culture, and modern living. Its unique blend of European and Asian influences creates a vibrant and affordable lifestyle.

Why It’s Affordable:

• Low Rent: You can rent a modern one-bedroom apartment for around $300 to $500 per month.
• Cheap Living Costs: Daily expenses, including food and transportation, are very low, with monthly costs ranging from $600 to $1,200.
• Affordable Healthcare: Quality healthcare services are accessible and inexpensive.

Highlights:

• Rich History: Explore ancient churches, historic fortresses, and the charming old town.
• Delicious Food and Wine: Georgian cuisine and wine are world-renowned and very affordable.
• Scenic Beauty: The city is surrounded by mountains and offers easy access to nature for hiking and exploring.

5. Hanoi, Vietnam

Hanoi, Vietnam’s bustling capital, is a city of contrasts, blending ancient traditions with modern developments. Known for its vibrant street life, delectable cuisine, and rich history, Hanoi offers an affordable and exciting place to live.

Why It’s Affordable:

• Inexpensive Rent: A comfortable apartment in the city center can be rented for around $400 to $600 per month.
• Low Cost of Living: Monthly expenses, including food, utilities, and entertainment, can be managed on a budget of $800 to $1,200.
• Affordable Food: Street food is incredibly cheap and delicious, with meals costing as little as $1 to $3.

Highlights:

• Cultural Heritage: Discover the city’s rich history through its temples, museums, and colonial architecture.
• Vibrant Markets: Experience the lively atmosphere of local markets and enjoy the bustling street food scene.
• Lakes and Parks: Enjoy the tranquil beauty of Hoan Kiem Lake and the lush greenery of West Lake.

Choosing an affordable place to live doesn’t mean sacrificing quality of life. These five destinations offer a perfect blend of affordability, culture, and excitement, making them ideal choices for your next move in 2024. Whether you’re drawn to the historic charm of Lisbon, the natural beauty of Chiang Mai, the innovative spirit of Medellín, the rich culture of Tbilisi, or the vibrant street life of Hanoi, each city provides a unique and enriching experience.