This is the most affordable country for expats in 2024, according to a new report

Moving to a foreign country may seem like a pipe dream, but it doesn't have to break the bank.

When deciding whether to move overseas for life or work, one of the biggest factors to consider is personal finances.

For the fourth consecutive year, Vietnam is the most affordable country in the world for expats, ranking first out of 53 destinations when it comes to personal finances, according to a 2024 InterNations study.

To be clear, out of 53 places, it came in 40 for quality of life, 29 for expat essentials such as digital life, housing and language, and ranked 14 for working abroad — with considerations like career prospects, salary and job security factored in.

More than 12,000 expats across 174 territories worldwide participated in the broader Expat Insider 2024 survey which provided insights including the best and worst places to live, quality of life, working abroad and personal finance.

For the Personal Finance Index, InterNations asked survey respondents to rank their personal satisfaction levels in three areas: general cost of living, satisfaction with financial situation, and whether disposable household income was enough to lead a comfortable life.

This data was used to compile the report which remains largely unchanged from last year, with the exception of a new entrant to the list — Brazil (9th) — replacing Malaysia, which dropped from 5th in 2023 to 11th this year.

Here are the top 10 destinations expats say are best for their personal finances:

Asian countries dominated this year's list, nabbing six out of the top 10 positions. Southeast Asia, in particular, stood out with Vietnam, Indonesia, Philippines and Thailand all ranking in the top 10.

"Housing is a big plus in all four countries: Thailand ranks 1st, Vietnam