Sure. Thankfully most people can afford their outgoings if they're sensible. It's still a lot easier if you don't have rent or a mortgage though.
If you're trying to suggest houses are cheap enough that lots of people can afford to buy one outright then you're absolutely wrong regardless of where it is. Very, very few people manage that.
"My living expenses here are ~$2k per month, which is close enough to the rate of return on my personal investments that I'm kind of at equilibrium."
- i.e. Michael moved to a much lower cost of living area.