high salary low cost of living country

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. A typical one-bedroom in Medellin, for example, is priced around $140 a month while other expenses add just around $350 a month. In the Mexican cities Merida and Queretaro, for example, monthly expenses add up to a little over $400. Thailand is super inexpensive and offers a ton of English teaching jobs.

A 100 “avg CoLI” is the average cost of living for the entire country. The Southeast Asian country has a population of 30.5 million, and its major industries center on processing and manufacturing rubber and palm products. Your Guide to Becoming a VIPKid Teacher & Traveling The World, How NOT to Get Screwed Over While Choosing the Best Online TEFL Course, How to Teach English Online From Home + 29 Schools to Apply To. And we found out that some metro areas are indeed great places to live for a combination of high salaries and a low cost of living. It was many years ago, almost a decade, and the internet wasn’t as robust with info as it is now. Any incomes earned locally will go further, especially with the country’s lower grocery and consumer goods costs. Living in India can be cheap; it has the second-lowest rent index of the 50 cheapest countries (after neighbor Nepal). Bosnia and Herzegovina is a European nation that borders Croatia and Serbia, and has a population of 3.9 million. Overall, living in Latvia costs half as much as living in New York City. Obviously, the pay varies based on your experience and degree level, but it’s gonna be a decent income compared to the cost of living regardless.

There is also the opportunity to make extra income through tutoring.

About 650,000 live in this country, which has strong metal and agricultural processing industries. Requirements for Teaching English in Morocco: Teaching English Abroad Salary Average: $500 – $1000. Spain could be a smart choice for an expat who plans to work in their country of residence, as wages earn locally will give a worker a purchasing power that’s on-par with what New Yorkers earn. At $72,400, San Francisco has the second highest average annual salary, but the cost of living there is almost double the average. Lots 81-82 Street C You can typically find work from outside of the country, which is nice, but unless you go through an abroad program that will take care of all your visa paperwork for you, you’ll have to enter on an immigrant visa once you get to Thailand, and then change it to a work permit, which can take time and patience. Per capita income is a measure of the amount of income earned per person in a nation or geographic region. A thriving city like Bogota offers tons of English teaching opportunities, but so does the rest of the country, and you can likely save money outside of the big city.

You’ll also be welcomed with warm arms by the locals. Montenegro has a local purchasing power that’s around the middle of the pack for the 50 cheapest countries. Often, high salaries coincide with a relatively high cost of living. Lexington, Kentucky. However, it offers a worse local purchasing power than most other 50 cheapest countries. Read More: 10 Ways to Make Your First Billion Dollars. It has a population of 1.9 million, and mineral mining and construction materials are the major industries in Kosovo. Poland has one of the higher local purchasing powers of the 50 cheapest countries. To try to find out, The Ascent analyzed cost of living and salary data for more than 200 of the largest metropolitan areas in the United States to see where the best combinations of high salaries and low costs of living can be found. The second Louisiana metro area on the Best Affordable Places to Live list, Lafayette has a cost of living of just 21.12% of the median household income. Consumer goods and rent are cheaper in Egypt; a one-bedroom in Cairo costs just $350 a month. One final important point is that this analysis looks at metropolitan areas, not just cities. Belarus is an eastern European country that borders Poland, Ukraine and Russia, and its major industries include metal-cutting machines, tractors and trucks. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary.

Croatia is located east of the Adriatic Sea across from Italy, offering a picturesque coastline. It can be difficult to compete with EU residents, as jobs and accommodations are easier to attain for them, but the competition is not too stiff.

Chile is one of the wealthiest countries in Latin America, which means the cost of living will closely match your income. Here are the 10 best cities according to this methodology. And somewhere in the middle. Located in Africa and bordering the Mediterranean Sea, Red Sea, Libya and Sudan, Egypt has a higher population of 88.5 million. This article originally appeared on GoBankingRates. Groceries and consumer goods also cheap, which keeps costs low despite a middling local purchasing power. The costs of groceries and consumer goods are also low. Precisely because the salary is so high and the benefit so great, the competition for these jobs is stiff.

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