Have you ever imagined what your life could look like with 20-50% more room in your budget?

For many expats, moving to regions with a lower cost of living has made that dream a reality—and it's not just about cutting expenses. It's about creating a life where financial stress takes a backseat, and opportunities for exploration, relaxation, and personal growth come front and center.

Here's a closer look at how moving abroad can save you money while empowering you to live the life you've always wanted.

How Expats Save on Living Costs

Many regions worldwide offer a similar—or even better—quality of life for a fraction of the cost of living in the United States or other high-cost countries. Let's break it down:

➥ Housing Costs

Housing is often the most significant expense in any budget, but moving abroad can significantly reduce it without compromising comfort or amenities. For expats seeking mid-range accommodations that align with Western standards, here's what you can expect:

Mexico City, Mexico

Rent in expat-friendly neighborhoods like Condesa or Roma ranges from $850 to $1,200/month for a well-furnished one-bedroom apartment.

Chiang Mai, Thailand

Modern, fully furnished one-bedroom apartments in popular areas typically cost $500 to $800/month.

Lisbon, Portugal

Comfortable apartments in central locations are around $1,000 to $1,500/month.

These prices reflect housing options that cater to expats accustomed to Western standards and offer comfort, safety, and convenience.

➥ Healthcare Costs

Healthcare abroad often combines quality and affordability, especially in countries with well-regarded private healthcare systems.

Mexico

Private health insurance averages $100 to $250/month, depending on the plan and coverage level. Routine doctor's visits may cost as little as $50, and prescription medications are generally more affordable.

Thailand

Comprehensive private health insurance costs $60 to $200/month, with world-class hospitals in cities like Bangkok and Chiang Mai.

Portugal

Expats can access public healthcare with residency, but private insurance for expedited services typically costs $75 to $150/month.

These costs provide peace of mind and access to excellent medical care, often at prices far below US prices.

➥ Day-to-Day Expenses

Day-to-day costs also drop significantly in many expat-friendly destinations:

Groceries and dining out

A meal at a nice restaurant in cities like Medellín, Colombia, costs $8 to $15, while weekly groceries for one person average around $50-$75.

Transportation

Many expats ditch car ownership for affordable public transit, taxis, or ride-sharing services. Monthly transportation costs can range from $20 to $100.

Utilities

Monthly electricity, water, and internet costs in places like Thailand or Mexico typically range from $50 to $150.

What Do These Savings Mean for You?

Saving 20-50% on living costs isn't just about having more money in the bank—it's about what that extra financial freedom allows you to do. Imagine:

Pursuing Passions

With fewer financial constraints, you can focus on hobbies, travel, or even building a side business.

• Working Less, Living More: Lower living costs mean you might not need a full-time income, freeing time for relaxation and exploration.
• Investing in Your Future: Reduced expenses make big goals achievable, whether saving for retirement, paying off debt, or starting a dream project.

The savings allow me to travel more, embrace new cultures, and build a business helping others plan their moves abroad. It's not just about the money—it's about the freedom to live intentionally.

Choosing the Right Destination

Your savings potential depends on where you decide to move. Here are a few standout options:

📍Mexico: Proximity to the US, vibrant culture, and affordable healthcare make it a top choice.

📍Portugal: Ideal for retirees and families, with a high quality of life and friendly visa policies.

📍Thailand: Affordable living costs and a strong expat community in cities like Chiang Mai and Bangkok.

📍Colombia: Modern amenities, stunning scenery, and a welcoming environment at a lower cost.

To get a clearer idea of potential savings, tools like Numbeo and the Expatistan Cost of Living Index allow you to compare expenses in your current location with those in prospective destinations.

Is This Move Right for You?

Moving abroad isn't just a financial decision; it's a lifestyle choice. Beyond cost savings, consider factors like healthcare quality, language barriers, and how the culture aligns with your personal goals and values. That's where I can help.

I've been in your shoes—navigating the questions, uncertainties, and challenges that come with this kind of transition. I'm here to reassure you that it's possible and to help you every step of the way.

Let's Talk About Your Future

Your dream life abroad doesn't have to stay a dream. Whether you're looking to save money, embrace adventure, or live a simpler, more intentional life, moving to a region with a lower cost of living could be your first step.

I'd love to help you explore your income strategy options, plan your move, and find the perfect place to start your new chapter. Click here to ask a question—I'm happy to help!

Try These Bonus Resources

• International Living Annual Global Retirement Index
• Numbeo Cost of Living Comparison
• Expatistan Cost of Living Index
  
• The Ultimate Digital Nomad Money/Income Kit
  
  

By taking this step, you're saving money and creating a life of freedom, adventure, and endless possibilities. Let's make it happen together.

Until next time,
Marcia Hylton, aka Marcia Unbound

PS: Follow me on YouTube, and if you haven't subscribed to this newsletter, you can do so now using the form on this page.