October 19, 2012
The cost of living is so low in certain countries in Southeast Asia that adventuresome North American retirees struggling to make ends meet may want to seriously consider relocating there, according to an Asia-focused report just released by the overseas living experts at InternationalLiving.com.
Prices are so low in some Southeast Asian nations that those of retirement age can live in relative luxury on far less than a typical Social Security check.
In the Asia-focused October issue of International Living magazine, the cover story reveals the high standard of living now available in Cambodia, a country that has been developing rapidly since the long-running civil war there ended two decades ago.
A couple can live next to the beach in a spacious, comfortable home – and still have plenty of money left over for luxuries – for less than $525 per month.
This type of budget would cover rent on a two-bedroom house in the beachside resort area of Sihanoukville on Cambodia’s south coast, utilities, Internet, a mobile phone, transport and an entertainment budget of $300 that would allow the couple to eat out every night.
A beer in one of Sihanoukville’s many bars normally costs around 75 cents, or as little as 25 cents during happy hour.
Food is also inexpensive. A steak or seafood barbecue dinner on the beach will total less than $5.
“Cambodia has put its troubled past behind it and is fast becoming the hottest destination in Asia for expats looking for low costs, good living and exotic adventure,” explained InternationalLiving.com’s Keith Hockton.
Locations ideal for low-cost living were also identified in a string of other countries on the continent in the magazine’s special “Asia from the Inside” report.
Thailand’s laid-back northern city of Chiang Mai, home to sprawling craft markets, Thai temples and a range of international eateries, also carries a low price tag.
A couple can live well on $500 per month there. Or with a bigger home, a maid and more money set aside for entertainment, a couple can live comfortably for less than $1,000 per month.
InternationalLiving.com’s special Asia report also highlights the standard of living available on the island of Penang in Malaysia and in the Philippines – where expats can live comfortably for a fraction of what a comparative style of life would cost in the U.S.
To read more about the affordable side of Asia, see here: "Enjoy a Low Cost of Living in Asia"
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