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Which is the most affordable country for immigrants in 2024?

2024-07-09 13:25:36Lifestyle SHKRUAR NGA REDAKSIA VOX

Which is the most affordable country for immigrants in 2024?

For the fourth consecutive year, Vietnam is the world's most affordable country for expats, ranking first out of 53 destinations when it comes to personal finance, according to a 2024 InterNations study.

To be clear, out of 53 countries, it ranked 40th for quality of life, 29th for expat essentials like digital life, housing and language, and ranked 14th for working abroad – for career prospects, salary and job security.

More than 12,000 expats in 174 territories around the world took part in Expat Insider 2024's most extensive survey, which provided insights including the best and worst places to live, quality of life, working abroad and finances personal.

For the Personal Finance Index, InterNations asked respondents to rank their levels of personal satisfaction in three areas: the overall cost of living, satisfaction with the financial situation, and whether the household's disposable income was sufficient to lead a comfortable life. comfortable.

Asian countries dominated this year's list, occupying six of the top 10 positions. Southeast Asia, in particular, stood out with Vietnam, Indonesia, the Philippines and Thailand all ranked in the top 10.

Housing is a big plus in all four countries: Thailand ranks 1st, Vietnam 2nd, Philippines 5th and Indonesia 8th. Most expats agree that it is easy to find accommodation and they are happy with how affordable it is.

Of expats surveyed living in Vietnam, 86% rate its cost of living favorably – that's more than double the global average of 40%, and 65% of respondents in the country say they are satisfied with their financial situation compared to 54% globally.

In addition, 68% of respondents say their disposable household income is more than enough to lead a comfortable life, compared to 41% globally, the survey showed. Not only are living costs low, expats tend to be paid more in Vietnam.


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