Where can U.S. residents relocate at the lowest cost?

Forbes magazine has ranked Portugal as one of the ten “cheapest” locations to live, especially for U.S. residents who choose to quit their employment and begin a new life.

This list, which is topped by Portugal, is based on statistics from International Living and is not only for retirees: It’s for anybody searching for a better life, a cheaper life, or a means to escape from it all. This list is also for folks who are bored of the 9-to-5 routines and want to locate the cheapest locations to live in the globe, nations where the cost of living is far lower than in the United States—so much so that you may not even need to work!

The article states that the cost of living in Portugal is cheaper than in the United States. Forbes cites Jennifer Stevens of International Living as saying, “It’s a wonderful moment to come to Portugal,” citing the “strength of the dollar” as the reason.

Today’s strength of the U.S. dollar has contributed to its success. Europe is virtually on sale if you’re purchasing with U.S. dollars, so this is a timely choice. “The time to travel is now,” adds Stevens. “Above and beyond that, Portugal’s visa choices make long-term stays quite simple.

“The cost of living is inexpensive compared to the United States; a couple can easily pay costs (including rent and everything else) with roughly $2,800 per month,” explains Stevens. A single person may live well on around $2,000 per month (less in rural regions).

In addition, she predicts that places such as Porto and Lisbon will grow more costly, but she provides three options for people who want to relocate here on a moderate budget: “Large cities like Lisbon and Porto will be more expensive, while smaller towns will be cheaper,” adds Stevens. Lagos, Vilamoura, and Tavira are three locations to consider in Portugal.

Mexico and Panama, respectively, hold the second and third positions on the Forbes list. Greece and France are next on the list, followed by neighboring Spain in sixth position.


Republished by : ITUGAL


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