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    Super Cheap

    • Chitré, Panama
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    • Phuket, Thailand
    • Dumaguete, The Philippines

    Cheap

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    • Boquete, Panama
    • Kyrenia, Cyprus
    • Hua Hin, Thailand
    • The Algarve, Portugal

    Affordable

    • Valencia, Spain
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    • Las Terrenas, The DR
    • Pisa, Italy
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    • Home
    • Countries

      Top Destinations:

      Whether you’re looking for fun and sun, a peaceful retirement, or the chance to earn some extra income, you’ve got a real world of opportunity open to you… In short, we’ve done our best to narrow down your best options, but only you can decide the right country for you.

      • Spain
      • Portugal
      • Panama
      • Belize
      • Colombia
      • Cyprus
      • Mexico
      • France
      • Montenegro
      • Browse All Countries

      Best For:

      • The Best Places To Retire
      • Health Care Abroad
      • Cost Of Living
      • Investing in Real Estate
      • Establishing Residency
      • Gun Laws In The World
      • English-Speaking Countries
      • Safest Places For Retirement
      • Best Places In Latin America
    • Budgets

      How Much Will It Cost You To Live Overseas?

      The only honest answer is, we have no idea. And neither does anyone else. The only one who can answer that question is you. Here’s the most important thing to understand about budgeting your new life overseas…

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France
    • Resources

      Global Living

      • Living & Retiring Overseas
      • Raising A Family Abroad
      • Foreign Residency & Citizenship
      • Offshore & Diversification

      Making Money

      • International Real Estate
      • Banking
      • Employment
      • Investing

      Follow Us:

      • Meet Our Experts
    • Real Estate

      Join our Weekly Newsletter
      Overseas Property Alert

      Sign up for our weekly newsletter to receive expert insights on the best international real estate investment opportunities.






        We Value Your Privacy! We will not share your email address with anyone else, period.

        Buying Real Estate For Cashflow

        • Discover tips and strategies used by global property investing veterans

        Explore Our Latest Posts

        • Learn how to invest and purchase property abroad…

        Go To The Overseas Property Alert Site

        • How To Become Independently Wealthy And Fund The Lifestyle Of Your Dreams
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        Live and Invest In Spain Conference

        Offshore Wealth Summit

        Greece Workshop

        VALENCIA, SPAIN

        Sep. 17-19, 2025

        PANAMA CITY, PANAMA

        Oct. 15-17, 2025

        VIRTUAL

        Nov. 13, 2025

        LEARN MORE
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        Toll-Free U.S. and Canada:
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        From Outside North America:
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        Working Hours
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        Reach us with your questions by email at: events@liveandinvestoverseas.com

      • Store

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        • Expats' comprehensive destination guides

        Conference Kits

        • Hours of coverage  from our latests conferences

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        • Titles on living and investing around the world
        • Explore Our Store
        Your passport to a life well-lived abroad

        Services

        overseas living letter offers affordable retirement guidance
        The Simon Letter Wealth Protection Insights
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        Our Customer Service team is here to assist with any questions or concerns CustomerService@LiveandInvestOverseas.com

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      The World’s Cheapest Real Estate Investments In 2025 Revealed
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      Home Investing

      Is Rent In Europe Cheaper Than In America?

      Your Own Home In Europe For Less Than $100,000

      by Kathleen Peddicord
      Nov 14, 2022
      in Investing, Real Estate
      0 0
      Couple choosing new house using laptop

      Adobe Stock/Peakstock

      This is it… now is the time.

      If you’re an American… and if you’ve been waiting for the perfect opportunity to take on Europe…

      I am pleased to say that your patience has paid off…

      The U.S. dollar is now nearly equal to the euro.

      Americans have more buying power in Europe than they’ve had in the past two decades…

      You now stand to save your nest egg thousands—tens of thousands—of dollars thanks to this superb timing.

      And that timing is even more remarkable when you consider that while inflation eats into your savings back home, you have a giant advantage here in the world’s elite retirement destinations.

      Let’s take a quick look at just how big this opportunity in Europe is.

      We’ll begin by stepping back in time to nine years ago…

      A home costing 100,000 euros at that time would have cost you US$133,000 at an exchange rate of US$1.33 in 2013. That same house would cost the equivalent of US$158,000 in July 2008…

      But in 2022, when the dollar and euro are at parity?

      You got it—a home that costs 100,000 euros will cost you about US$100,000. That’s a whopping 37% discount from 2008… a cool US$58,000 in savings.

      Chart of the euro value over the years

      The euro’s value has fallen dramatically against the U.S. dollar…

      The even better news?

      Even without the U.S. dollar’s strength, we know the secret to thriving in Europe on US$1,500 a month (or even less).

      Indeed, if you’ve thought your new life in Europe is out of reach…

      Think again.

      You have more options for affordable Old-World charm than you might ever imagine:

      Alpine villages, lush vineyards, Mediterranean islands…

      Fresh markets, undiscovered local eateries, Michelin-star cuisine…

      Outdoor cafés, famous museums, quaint villages…

      Europe has something for everyone and every budget.

      And we’ve handpicked for you 10 of your best options.

      These are 10 havens where you can truly embrace le joie de vivre or la dolce vita on a budget.

      Of course, you’ll need a little guidance…

      But, once armed with the right insights and the right destination, you’ll be amazed at how easy it actually is to enjoy the good life in Europe at a cost you can easily afford…

      How Much Will Your New Home In Europe Cost You?

      A beautiful European city
      I can show you how to thrive in the world’s most beautiful and
      culture-rich havens for less than US$2,000 a month…

      Everyone knows that Europe doesn’t offer the shoestring bargain havens of Latin America and Asia…

      But Europe is home to the world’s elite retirement destinations…

      Living affordably here is actually an even more astounding bargain when you consider how much more Europe has to offer…

      The combination of architecture, climates, and history is, frankly, impossible anywhere else in the world.

      Of course, just like anywhere else, your housing cost here in Europe will be—by far—your largest expense…

      Back in America, folks spend on average 33% of their budget on it.

      The average asking price for a new lease in the United States is currently US$2,018 per month for a single-family house and nearly US$1,900 for an apartment.

      You can add 50% to those figures in popular U.S. retirement destinations like Orlando or Scottsdale.

      And let’s not forget about inflation… in Florida, rents exploded by 28% last year…

      While Arizona, Tennessee, New York, and Nevada all reported over 20% growth in rental prices.

      In Europe, not only can you live better—you can do it for less money… check out these three recent examples:

      Florida Vs. A Mediterranean Island

      Orlando has an average rent of US$2,249 per month for a new lease on a two-bedroom apartment (a 19% increase from last year).

      In one of our top Mediterranean havens, rents start at about 200 euros per month for basic accommodation, with nicer apartments in city centers or close to the beach going for about twice that.

      That’s about 90% in savings—just for choosing a Mediterranean island over Florida.

      And before you think your European apartment is a step back in comfort, check out the view from your porch:

      A large pool
      This two-bedroom, one-bathroom apartment has a total living space of over 900 square feet (85 square meters). It rents fully furnished for US$450 a month in a complex with the pool above. The property is a short stroll from the market and just a few miles to the beach…
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      Arizona Vs. A Superyacht Hub

      The asking price of a new lease for a two-bedroom apartment in Scottsdale is US$2,530 (up 33% compared with 2021).

      You can rent a two-bedroom apartment for as little as 350 euros per month in a stunning, tiny country on the Adriatic Sea—no water shortages here. For something a little nicer, better located, or close to the beach, rents start around 750 euros.

      You’ll spend at least 70% more in Scottsdale to NOT be on the beach… but here you’ll enjoy the coast and an extra US$1,780 in your pocket.

      A bay with clear water, boats and buildings in the distance
      We found a sea-view apartment in this country, where the Saudi royal family keeps part of their yacht fleet, with a big garden and a playground. About 1,100 square feet, it rents for 600 euros a month. It comes fully furnished, has a hot tub, a big terrace, and it’s close to the beach and nightlife.

      California Vs. World’s #1 Retirement Haven

      The average rent in California is now around US$3,000 per month.

      The average rent in the Algarve, the World’s #1 Retirement Haven, is only 763 euros for a similarly-sized apartment. Farther from the coast, or in a small village, that cost could drop by 40%.

      Dropping California in favor of Portugal—where you can also surf, walk the boardwalk, and enjoy 300+ sunny days a year—will save you more than US$2,000 a month…

      Portugal is also one of the safest places in the world… and it’s a tax haven…

      A semi-detached house that is just a 50-second walk to the beach of Monte Gordo.
      This semi-detached house above is a 50-second walk to the beach of Monte Gordo. It has two bedrooms, two bathrooms, an equipped kitchen, a small living room with an extra bed, and air conditioning in every room. The west-facing terrace is ideal for enjoying late afternoons over the sea. It rents for 700 euros a month… fully furnished.

      I could go on and on with examples…

      Seaside apartments of 110m² (big enough for two bedrooms) regularly list for 500 to 700 euros a month in one of our favorite towns… and hillside village apartments a little further inland go for 300 to 550 euros…

      In another place we love in Europe, a 4-bedroom house close to a golf course and with stunning sea views has a price tag of 850 euros monthly…

      What about cosmopolitan living on the Mediterranean? Our top pick here has a listing for a tidy 2-bedroom, minutes from the beach, for 778 euros a month… or a studio in the quaint historic city center for 650 euros…

      Prefer to buy? You might not believe the kinds of properties available to you:

      A 65m² apartment with sea views for 95,000 euros…

      An 80m² condo with 2 bedrooms, a terrace, and views of the Adriatic Sea for 200,000 euros… and you can rent it out for at least 600 euros a week, when you’re not around…

      A fully restored 100-year-old, 3-bedroom house built from stone, with two vaulted-ceiling cantinas (cellars)— not far from the sea and near the ski slopes—for 115,000 euros…

      With citrus, olive, and carob orchards, and some of the most unique beaches in the world, all nearby… you can grab studio, one-bedroom, and two-bedroom apartments from 70,000 to 100,000 euros in our pick for World’s #1 Retirement Haven…

      Sincerely,
      Kathleen Peddicord signature
      Kathleen Peddicord
      Founding Publisher, Overseas Opportunity Letter

      Tags: cost of living in europeMove to Europerent in europeretire in europe
      Share89Tweet52
      Kathleen Peddicord

      Kathleen Peddicord

      Kathleen Peddicord has reported on opportunities for Americans to live, retire, and do business overseas for 40 years. She has traveled to more than 75 countries, invested in real estate in 24, established businesses in 7, renovated and built properties in 6, and educated her children in 5.

      Kathleen has moved children, staff, enterprises, household goods, and pets from the east coast of the United States to Waterford, Ireland, then to Paris, France, and finally to Panama City, Panama, where she has based her Live And Invest Overseas business. Peddicord and her husband, Lief Simon, now divide their time between Panama and Paris.

      Peddicord was a partner with Agora Publishing’s International Living group for 23 years. She opened, staffed, and operated International Living publishing and real estate marketing offices in Waterford, Ireland; Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France. Peddicord launched Live And Invest Overseas group in 2008 and has built it into a successful multimillion-dollar business. Today, she shares her firsthand experience of expat life with more than 500,000 readers of her publications, including Overseas Opportunity Letter and Overseas Living Letter.

      Kathleen has been featured often in The New York Times, MSNBC, AARP, CNN, Bloomberg, CNBC, and more and writes monthly about expat matters, international real estate, and offshore diversification for Forbes and U.S. News.

      Kathleen has written several books including the memoirs “At Home In Ireland” and “At Home At Los Islotes” and her latest title “At Home Abroad,” all published by Lahardan Books. Her best-selling "How To Retire Overseas: Everything You Need To Know To Live Well (For Less) Abroad” was published by Penguin Random House in 2018 and her “Buying Real Estate Overseas For Cash Flow (And A Better Life)” was published by Wiley in August 2020.

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      Budgets

      How Much Will It Cost
      To Live Overseas?

      Super Cheap

      • Chitré, Panama
      • Santa Marta, Colombia
      • Phuket, Thailand
      • Dumaguete, The Philippines

      Cheap

      • Medellin, Colombia
      • Boquete, Panama
      • Kyrenia, Cyprus
      • Hua Hin, Thailand
      • The Algarve, Portugal

      Affordable

      • Valencia, Spain
      • Cascais, Portugal
      • Las Terrenas, The DR
      • Pisa, Italy
      • La Rochelle, France
      • Mazatlán, Mexico

      Luxury

      • Ambergris Caye, Belize
      • Kotor, Montenegro
      • The Panama City Beaches
      • Paris, France

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