Would I have to worry about the cost of living for that year? If yes, I'd probably have to choose a less expensive place. LATAM has its economic troubles, but it's quite far from the heat of military conflicts nowadays.

One country where I'd probably like to live is Italy. Cheaper life in the south, but probably more beautiful in the north - just a guess. Another place I'd probably like would be Japan, but probably only for a vacation, not sure if for living there for 1 year.