Brits looking to escape the country as it becomes more and more expensive may want to head to Thailand or Hungary, according to new research.
Over the past year the cost of simply getting by in the UK has risen dramatically, with inflation above 10% and many basis rocketing up in price at a far faster rate.
Now that the cold of the winter has arrived and with the potential for more tax rises around the corner, the prospect of a cheap and warm holiday away is ever more tempting.
A holiday accommodation provider has shed some light on the cities that offer the best opportunities to travel, live and work – all without breaking the bank.
Holidu has analysed a list of travel destinations around the world and found out which offers the best value for money when basing yourself there for a month, the entire winter, or even a year.
However, alongside cost, there are other important factors to consider when looking to move abroad for a period of time, which is why they have also taken the healthcare systems, power grid reliability and internet speed into account.
According to the research Chiang Mai in Thailand is the best value place, with a one bed apartment costing £259.16 for a month, meals at a restaurant just £1.15, a beer £1.40 and a ticket to use the public transport £0.69.
As well as being affordable, Chiang Mai is a 13th century city with hundreds of elaborate Buddhist temples and access to a beautiful mountain range.
The average monthly living cost is £387.33, although return flights from the UK typically cost more than £1,000.
In second place is Budapest where a single person can live for £555.50.
The Hungarian capital is one of the most affordable big cities on the Continent, while also having a rich music scene and nightlife, as well as easy access to many other big European towns.
Łódź in central Poland is in third place, with a month's stay likely to cost £541.39.
While its international profile isn't as high as other cities on the list, its population of 600,000 are create a bustling and cultural centre in a town once built on textile-manufacturing.
'Most Bang For Your Buck' - The Cities Where Your Money Will Go Furthest
- Chiang Mai, Thailand - £387.33 a month
- Budapest, Hungary - £555.50
- Łódź, Poland - £541.39
- Hanoi, Vietnam - £388.49
- Poznań, Poland - £596.58
- Bucharest, Romania - £599.24
- Phuket, Thailand - £430.10
- Bangkok, Thailand - £616.91
- Seoul, South Korea - £852.50
- Buenos Aires, Argentina - £402.42
Living factors aside, the city with the cheapest cost of living is Giza in Egypt.
The city has an average monthly living cost of around £224.81 with the cost of a one-bedroom apartment being as little as £108.19 per month.
Holidu has put together a breakdown of the full findings.
There has been a lot of noise around holidays which allow Brits to escape the country this winter as the cost of living crisis worsens and energy bills become more unaffordable.
EasyJet launched an epic 28-day-long 'Escape the UK' all-inclusive holiday in Egypt, which it claims is cheaper than meeting the cost of the average UK household’s winter bills.
One breakdown of average outgoings estimates that each person will spend £939 a month on accommodation, gas and electric, water, food and alcohol, and other basics such as travel.
While that amount is less than many Brits spend on living each month, the main issue is you'd still have to pay expenses back at home while abroad.
Few people would be in the position to be free of their accommodation costs in the UK, effectively doubling up the expense.
