#5. Lisbon, Portugal
Lisbon is as easy on the eyes as it is on the budget. Stretched across a series of hills, the city is a captivating combination of friendly locals, picturesque winding streets, and affordable pursuits. How affordable? According to the Prices and Earnings report, Lisbon’s mid-range hotels are the cheapest among the 72 cities surveyed, with an average rate of $80 per night — a whopping 50 percent lower than the global average. And Lisbon is also home to not one but two of the properties we featured in last year’s10 Hostels Too Upscale to Believe.