1Have you ever fantasized about quitting your job and moving to a place where it’s so cheap that you barely need to work — if at all?
A long-time global nomad herself, Peddicord is originally from Baltimore. She left the U.S. about 20 years ago for a job in Waterford, Ireland, then made a pitstop in Paris before setting her sights on Panama City, where she now lives with her husband and family.
Here, Peddicord shares her top picks to live around the world: eight places where expats can get by on next to nothing.
“They’re beautiful, interesting, welcoming and adventure-rich places that are also single-friendly and uber-affordable,” she says.
A note: In each case, the budget referenced is a base amount that gives a snapshot of monthly living costs for a single person and includes the cost of renting a two-bedroom apartment in a neighborhood where an American would be comfortable living. You could reduce your total budget by renting a smaller place. Costs for groceries, transportation and entertainment are also per person; internet and cable are often bundled with a telephone plan. And in some destinations, items like electricity or heat are listed as free because they’re either included in the rent or unnecessary. These budgets do not include travel, clothes, health insurance and other costs.