This is an edited, translated version of an article which originally appeared on August 4, 2022.
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While the cost of living is sweeping the world, many people may consider moving to cheaper parts of the world.
Insider has compiled a list of six cities where you can live comfortably for $1,000 a month, using data from the comparison website Numbeowhich provides a crowdsourced overview of the cost of living in major cities around the world.
The site gives the estimated monthly cost of living, without rent, for a single person in any city, and also calculates two prices for one-bedroom apartments – one for those in the city center and one for those on the outskirts.
It also has a separate index that measures quality of life, which is based on a formula that takes into account a number of other indices – these include purchasing power, cost of living, pollution, health care, safety, climate, travel time in traffic and the price-income ratio of the house, the website said.
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Buenos Aires, Argentina
Buenos Aires, the capital of Argentina, offers incredible food, a vibrant nightlife and countless cultural delights.
And it’s also one of the cheapest places on the list, with an apartment in the city center and the cost of living running up to about $730 a month.
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Santiago, Chile
Santiago offers incredible Andean panoramas, a cosmopolitan culture and a relatively cheap cost of living, so it’s no wonder that about 35% of the country’s population lives in the capital.
It is also full of museums and has two of the top three in Latin America universities.
In Santiago, $1,000 is enough to insure you an apartment near downtown and cover your living expenses, Numbeo said.
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Sofia, Bulgaria
Bulgaria is known as a party destination, but the country has much more to offer, with beautiful cathedrals and churches; dramatic, mountainous setting; and an extensive history.
Numbeo indicated that the quality of life in Bulgaria’s capital is comparable to that in Paris, but the cost of living is much cheaper in Sofia, with $1,000 a month enough for your housing and living expenses.
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Bursa, Turkey
Bursa is the fourth largest city in Turkey and is often referred to as ‘green Bursa’, referring to its many parks and gardens.
The many sulfur springs surrounding the city and the famous Uludağ Mountains make the city a great place for nature lovers.
An apartment near the city center and living expenses would cost you about $650 a month.
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Monterrey, Mexico
This beautiful city of just over 1 million inhabitants beats Paris and Milan in Numbeo’s quality of life index.
It has earned a reputation as the most progressive city in northern Mexico, and it is also an important industrial center.
A one bedroom apartment outside the city center and living expenses would cost you about $900 a month. If you wanted a downtown apartment, it would cost you just under $1,100 a month, including living expenses.
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Cape Town, South Africa
With the shimmering blue waters, the great weather and the iconic Table Mountain looming over the city, Cape Town is a truly spectacular place.
Here, you can get a one-bedroom apartment outside of downtown and cover living expenses for $1,000 a month, Numbeo said. For those who like to be in the center of the city, you’ll need about $1,250 per month for rent and living expenses.
