Discover affordable destinations that offer big-city amenities without breaking the bank
As prices continue to rise in cities across the globe, finding affordable destinations to travel to becomes increasingly important. The Economist Intelligence Unit’s 2023 Worldwide Cost of Living Report reveals that the cost of living has risen significantly, with a 7.4% increase in the average price of goods and services compared to previous years. However, there are still cities that remain relatively affordable compared to their more expensive counterparts. In this article, we explore five cities where your travel cash goes further, offering big-city amenities at a fraction of the cost.
Lisbon, Portugal: A Digital Nomad Haven
Lisbon’s affordability and digital nomad visa make it an attractive destination for travellers and remote workers
Lisbon, the least expensive city in Western Europe according to the EIU rankings, has become a hotspot for digital nomads in recent years. Its affordability, coupled with the of a digital nomad visa in 2022, has made it an attractive destination for freelancers and remote workers. With costs 56% lower than other cities in Western Europe, Lisbon offers a range of budget-friendly activities. From exploring the bohemian Bairro Alto neighborhood to enjoying fado music at the affordable Tasca do Chico, Lisbon has something for everyone.
Buenos Aires, Argentina: Maximizing Your Money
Buenos Aires’ currency devaluation and inflation rates make it an affordable destination for travellers
Buenos Aires, ranked 163 out of 173 cities in the EIU index, offers excellent value for money due to the country’s high inflation rates and currency devaluation. Travellers can take advantage of the “blue dollar rate” by paying in cash, which allows them to make their money go even further. Choosing the right neighborhood, such as the historic San Telmo, can also lower costs and provide an authentic experience. From exploring the weekly market to learning tango with locals at a milonga night, Buenos Aires offers a unique and affordable travel experience.
Toronto, Canada: An Affordable Family Destination
Toronto’s affordability and welcoming atmosphere make it an excellent choice for families
While big US cities like New York and Los Angeles remain among the most expensive in the world, Canadian cities offer a more affordable alternative. Toronto, ranked as the most affordable Canadian city, combines affordability with a welcoming atmosphere, making it an ideal destination for families. From sightseeing on Lake Ontario to visiting the Hockey Hall of Fame, Toronto offers a range of attractions for all ages. The city’s abundance of green spaces, such as High Park and Trinity Bellwoods, provide opportunities for outdoor activities and relaxation.
Tokyo, Japan: A Surprisingly Affordable Megacity
Tokyo’s deflation and recent reopening to tourism make it an affordable time to visit
Despite its reputation for being expensive, Tokyo has become more affordable compared to other Asian cities like Singapore and Hong Kong. Japan’s battle with deflation and the recent reopening to tourism post-Covid have contributed to Tokyo’s affordability. The city offers a range of urban attractions and big-city experiences at a lower cost compared to cities like New York City and London. Tokyo’s plentiful nature opportunities, such as the urban gardens at Azabudai Hills and the contemporary art Mori Art Museum, provide low-cost alternatives for travellers.
Perth, Australia: A Relaxed Lifestyle at a Lower Cost
Perth’s affordability, temperate climate, and beautiful beaches make it an attractive destination
Perth, ranked as a more affordable alternative to its eastern counterparts Sydney and Melbourne, offers residents a laid-back lifestyle at a lower cost. The city’s temperate climate, beautiful beaches, and abundant nature make it an attractive destination for those seeking a relaxed lifestyle. With higher salaries in the mining sector, locals have more spending power, allowing them to enjoy activities like cocktails at rooftop bars and seafood dinners overlooking the ocean. Whether it’s exploring rooftop spots, enjoying fish and chips at Cottesloe Beach, or sailing the Swan River, Perth offers a range of affordable experiences.
Conclusion: While prices continue to rise in cities around the world, there are still destinations where your travel cash goes further. From Lisbon’s affordability and digital nomad visa to Buenos Aires’ currency devaluation and Toronto’s family-friendly attractions, these cities offer a range of experiences at a lower cost. Tokyo’s deflation and Perth’s laid-back lifestyle further contribute to their affordability. By choosing these destinations, travellers can enjoy big-city amenities without breaking the bank.
