1. Alicante, Spain
The people of Alicante, Spain are experts of living cheap. Without sacrificing all the wonders of modern living, this town on Spain’s Costa Blanca is famous for its climate, food, entertainment, chill atmosphere and little tourism. A one bedroom in the center of town goes for $550 a month. So when you factor in $40 for public transportation, $5 for a good bottle of wine and $1 for a domestic beer, you are set! Spain’s minimum wage is $5.82 an hour.