Finding an affordable city to live in as an expat can be a challenge, especially if you’re moving from a country with a high cost of living. However, a recent survey by InterNations, a global online and offline community for expats, has revealed some of the most affordable cities around the world. These cities are perfect for those looking to lead a comfortable life without breaking the bank. Among the top contenders, two Spanish cities, Valencia and Malaga, have made it into the top 10, alongside Panama City. Let’s dive into what makes these destinations stand out for expats.
The common thread between these cities is the ability to enjoy a high quality of life without draining your bank account. Whether it’s the laid-back lifestyle of Valencia, the warmth and affordability of Panama City, or the cultural vibrancy of Malaga, expats can find a place where their disposable income goes further, leaving more room for enjoyment and comfort.
Valencia, located on Spain’s sunny Costa Blanca, has earned a reputation as one of the most affordable cities for expats. Known for its relaxed pace of life, mild Mediterranean climate, and relatively low cost of living, Valencia is an ideal choice for those seeking a more affordable lifestyle without sacrificing quality.
Sarah Harvey, originally a Londoner, who now calls Valencia home, told Spend Life Traveling: “Life just seems easier here and less stressful than anywhere else I’ve lived so far.” This sentiment is shared by many expats who are drawn to the city’s well-priced housing, public transport, and healthcare. Expats can enjoy a balanced life, with plenty of time to explore the city’s beautiful beaches, parks, and cultural landmarks. With a thriving food scene, Valencia also offers plenty of dining options, from tapas bars to world-class restaurants, all without the hefty price tag found in more tourist-heavy Spanish cities like Barcelona or Madrid.
Panama City stands as a beacon of affordability in Central America. As the capital of Panama, it offers a unique blend of modern amenities, tropical weather, and affordable living costs. The city’s low cost of living is coupled with an attractive tax system for expats and retirees, making it an appealing destination for those looking to stretch their money further.
Kimberly Kelley, originally from a small town in Arizona, shared her love for Panama with Business Insider: “There’s so much I love about Panama. First and foremost, the Panamanian people—they’re some of the warmest and kindest you can imagine.” The friendly locals, combined with a diverse expat community, make it easy to settle in and feel at home. Panama City boasts a vibrant skyline, top-notch healthcare, and easy access to beautiful beaches and rainforests, all at a fraction of the cost of living in major US or European cities.
Malaga, another gem in Spain, rounds out the list of top affordable cities for expats. Located along the southern coast of Spain, Malaga offers a blend of historical charm, cultural attractions, and vibrant city life. Known for its Mediterranean diet, bustling art scene, and rich history, Malaga is becoming increasingly popular among expats seeking a laid-back yet culturally rich lifestyle.
Victoria, a German expat, told Spend Life Traveling: “It’s a vibrant city with many cultural attractions, a thriving art scene, and a lot of bars and restaurants.” The low cost of living in Malaga, coupled with its rich cultural offering, makes it an attractive option for those who want to experience the best of Spain without the high prices of cities like Barcelona or Madrid. Housing is affordable, public transport is convenient, and there’s always something to do, from visiting museums to enjoying tapas in one of the many local bars.
Here the list of countries that made it to the top 10:
1. Valencia
2. Panama City
3. Malaga
4. Mexico City
5. Bangkok
6. Alicante
7. Kuala Lumpiur
8. Ras al Khaimah
9. Warsaw
10. Vienna
