8 Cities with Low Costs & High Quality of Life Around the World. As inflation continues to rise in many parts of the world, an increasing number of Americans are exploring opportunities to move abroad in search of a more affordable and fulfilling life. With the goal of finding places where their money goes further and life is more enjoyable, many are considering cities that offer a balance of low living costs and high quality of life.
Mercer, a leading global HR and financial consulting firm, recently conducted an analysis of over 200 everyday expenses—such as housing, food, healthcare, and entertainment—across 226 cities worldwide. Their findings highlight cities that not only feature affordable living but also boast high standards of safety, infrastructure, environmental friendliness, and connectivity. The result is a list of eight cities spread across Europe, Asia, and the Americas, each offering a harmonious blend of affordability and livability.
Many Americans, like Amy Glenn from Texas, have made the decision to relocate abroad to make their retirement years more affordable. Glenn moved to Costa Rica, finding it to be a budget-friendly destination with a high quality of life. Similarly, California-born Shawna Lum chose to settle in Barcelona, appreciating the lower cost of living and a more relaxed pace of life compared to the United States. Amy Aves Challenger, who relocated to Switzerland with her family, found a welcoming community and high-quality services that made their transition smoother.
For individuals considering a move abroad, choosing the right city can be a daunting task. Mercer’s analysis looked not only at everyday expenses but also at other factors that contribute to a city’s overall living experience. The cities identified as offering both low costs and high quality of life include a mix of old-world gems in Eastern Europe and a Canadian hub known for its vibrant food scene and rich cultural life. These destinations stand out for providing affordable living conditions without sacrificing access to essential services or a fulfilling lifestyle.
In addition to Mercer’s findings, Business Insider has used data from Numbeo, a platform that combines user-submitted figures and data from government institutions, to estimate the cost of living in various cities. Numbeo offers detailed price information for essential items, such as meals for two, coffee, and gym memberships, providing insight into how much a single person or family can expect to spend in these cities.
As more individuals look beyond U.S. borders for better, more affordable living, these eight cities stand out as top contenders for anyone seeking a balanced lifestyle at a fraction of the cost they might find back home.
