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Ask HN: Where can I live off 1k USD per month?

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Re: Ask HN: Where can I live off 1k USD per month?

#41

Post by Macha »

keiferski wrote: post #29
41209 wrote: post #28

Earlier quoted context omitted.

>Due to the Turkish lira collapsing That doesn't bold well for stability. Hungry did appear on my list, the rent seems very very low. Right now I'm trying to see where COVID-19 will be in a few months. If it's still not possible to travel easily, I might need to stay and save for a bit longer.

The lira has been down for quite some time. I wouldn't consider it indicative of future instability. Hungary is also a good (and affordable) choice. Budapest is probably one of the most interesting cities in Europe, IMO.

Hungary does have the Orban and anti-LGBT situations, so your personal comfort at living in such an environment is something to consider.

Re: Ask HN: Where can I live off 1k USD per month?

#42

Post by csomar »

Leftium wrote: post #11

I live in Korea. Some months my total expenses are as low as $400 while living comfortably. If I spent $1000 in a month, I spent a lot of money. I'd say my average monthly living expenses are $600-$800. My main expenses are food/entertainment, and I eat out a lot (50% of meals). Housing is probably the biggest living expense. I take advantage of Korea's interesting rental system called Cheonsae: Basically, if you put…

12% is pretty high yield for the modern/western world. South Korea central rate is %0.75 according to Google. Where does the 11.25% come from?

Re: Ask HN: Where can I live off 1k USD per month?

#44

Post by vorpalhex »

burntoutfire wrote: post #19

Poland is doable if you stay out of major cities. You can rent a studio for $300 (incl. all utilities). Food, if you cook, will cost you $200-$250 ($300-$400 if you don't cook and want to eat out only). Wired Internet and cell phone will be around $20. State-provided health insurance is about $120 per month (this is "socialized medicine", so it provides everything with no deducible, up to treating cancer etc.), but c…

Is car ownership pretty affordable overall? (Insurance, fees, etc)

Re: Ask HN: Where can I live off 1k USD per month?

#45

Post by michaelmrose »

41209 wrote: post #9
muzani wrote: post #8

Malaysia is very doable as a single person. Everyone speaks English, lots of good food. Coliving spaces were quite popular before the pandemic, where some entrepreneurs would rent an apartment and work together, but I don't know where you'd meet people like that. Foreign visas are also quite loose. You could get an entrepreneurship visa (see the MDEC site). There's a rapidly growing games and animation industry too,…

How's safety. As far as I can tell America is more dangerous than most other places.

I was sure you were wrong. You are absolutely correct.

https://www.nationmaster.com/country-info/compare/Malaysia/U...

Re: Ask HN: Where can I live off 1k USD per month?

#46

Post by gowld »

csomar wrote: post #42
Leftium wrote: post #11

I live in Korea. Some months my total expenses are as low as $400 while living comfortably. If I spent $1000 in a month, I spent a lot of money. I'd say my average monthly living expenses are $600-$800. My main expenses are food/entertainment, and I eat out a lot (50% of meals). Housing is probably the biggest living expense. I take advantage of Korea's interesting rental system called Cheonsae: Basically, if you put…

12% is pretty high yield for the modern/western world. South Korea central rate is %0.75 according to Google. Where does the 11.25% come from?

11.25% is the imputed value of $0 rent after down payment.

Re: Ask HN: Where can I live off 1k USD per month?

#47

Post by wsc981 »

With my girlfriend and daughter I live in Thailand (Thai countryside) and we have a budget of about 50.000 THB per month, or about 1.300 USD. We own our house, so we don't pay rent and we don't have any loans. This budget doesn't include costs for health insurance, which I pay separately.

I think a single guy could live on quite a bit less, but has to pay some rent. For about 250-300 USD per month you can get a decent enough place to live I'd wager (think: condo studio, 35 m2, gym, swimming pool). If you eat Thai food some of the time, food can be quite cheap (a meal without drinks could be had for about 1-2 USD in a typical Thai food stall or at a food court). If you buy foreign food things can get more expensive. Depending on where you live, coffee can also be had for 1-2 USD. Renting a scooter would be advisable for getting around a city, but would cost an additional 100 USD per month.

Re: Ask HN: Where can I live off 1k USD per month?

#48

Post by acjacobson »

As others have said you could do this in many places - including countries that are generally more expensive like Germany (350-450€ for a small flat in Leipzig). In practice the main challenge might be finding a short-term rental for as low as people staying a year or more, so factor that in to your search.

Re: Ask HN: Where can I live off 1k USD per month?

#49

Post by whymauri »

alexitosrv wrote: post #33

I suggest Colombia, you can find greatest rentals for less than 300 USD, and cheap cost of life and amazing food as well. Thinking in cities like Bucaramanga, Santa Marta, etc.

++ for Colombia. Healthcare is good for non-citizens, too. Depending on the city, it is high quality, IMO.

Re: Ask HN: Where can I live off 1k USD per month?

#50

Post by UncleOxidant »

Leftium wrote: post #11

I live in Korea. Some months my total expenses are as low as $400 while living comfortably. If I spent $1000 in a month, I spent a lot of money. I'd say my average monthly living expenses are $600-$800. My main expenses are food/entertainment, and I eat out a lot (50% of meals). Housing is probably the biggest living expense. I take advantage of Korea's interesting rental system called Cheonsae: Basically, if you put…

> Basically, if you put down a huge deposit (like $90,000: 50% to 90% of the value of the property), you don't pay any monthly rent and get the entire deposit back when you move out.

That's kind of a strange system. Any idea how it evolved there? Basically sounds like the landlord has to invest the money in such a way as to get a return that would be equivalent to rent but also safe enough so that they can return the deposit. I don't think I'd want to be a landlord there.

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