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Sep 11, 2017 / 08:00

Vietnam voted as the cheapest place to live for expats

The Expat Insider 2017 survey released on Thursday has named Vietnam as the cheapest living place for expats.

Specifically, nearly one in five said they have far more money at their disposal than their lifestyles require. Vietnam has jumped five levels from the previous year to lead the 2017 list, affirming how affordable it is for foreigners to live and work here.
The survey was developed by asking 12,519 respondents, representing 166 nationalities and living in 188 countries around the world, how they felt about their financial situation, and whether their disposable income was sufficient to cover their expenses.
The cost of living in each country was compiled from the global cost of living database Numbeo. All amounts are in U.S. dollars and current as of September 2017.
Mexico and Colombia round off the top three most affordable locations, while expats living in Switzerland and Israel find it the hardest to get by on the money they make. Lower living costs help expats to balance the books and ease the financial burden of living overseas.Most expats in Vietnam feel satisfied with the money they make. Nearly one in five respondents said that they have far more money at their disposal than their lifestyles require.
Expat Insider is one of the largest surveys worldwide offering an in-depth analysis of expat life across the globe. More than 12,500 respondents representing 166 nationalities and living in 188 countries or territories answered our questions, providing unique insights into what it means to be an expat in 2017.