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2. Portugal

Portugal provides its residents with a slow, relaxed pace of life, a warm climate, and the ability to live comfortably for around $2,000 a month. In addition to this, Portugal has excellent healthcare and a great, neighborly vibe from locals and ex-pats alike. You can even live in Portugal's capital, Lisbon, for this, without needing to scrimp or save for food that isn't just affordable but delicious, as well. You wouldn't think land on the Algarve could be cost-effective, but it 100% is.

lisbon portugal Onfokus / Getty Images
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