These are the 20 cheapest countries to live (2024)

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These are the 20 cheapest countries to live

1. South Africa

If you live in a major city in South Africa like Cape Town, your monthly expenses could come under Rs 27,000. Rent for a typical one bedroom apartment averages to Rs 17,000. Groceries and consumer goods are also cheaper as compared to cities such New York.

South Africa is the world's largest producer of platinum, gold and chromium which complements the emerging economy and boosts the country's purchasing power.

(Source: GoBankingRates)

ALSO READ: 10 countries where Indians don't need visa to travel

2. India

India is second on the list with cheaper rents, local goods and services. The purchasing power is 20.9 per cent lower as compared to New York. Groceries and consumer durables are also comparatively cheaper.

(Source: GoBankingRates)

3. Kosovo

Located in Eastern Europe, Kosovo shares borders with Serbia and Albania and has a population of 1.9 million. If you live in the capital city of Pristina, your expenses as a single would come up to Rs 22,000. Rent for a single bedroom apartment is as low as Rs 18,000.

(Source: GoBankingRates)

4. Saudi Arabia

Falling fourth is Saudi Arabia that has a wealthy economy because of its rich oil and petroleum business which earns the country a high GDP per capita of $24,161. This in turn gives Saudi Arabia a 33.6% higher purchasing power that off sets the prices of groceries and consumer durables which are higher than most of the countries in this category.

However, fuel prices are dirt cheap in Saudi Arabia!

(Source: GoBankingRates)

5. Kazakhstan

Kazakhstan's cost of rent is 88.9 per cent cheaper compared to New York with a monthly rent for a furnished studio apartment in a downtown area at about Rs 25,000.

A loaf of bread is just Rs 19 and a litre of milk is a little above Rs 60.

(Source: GoBankingRates)

6. Zambia

This African nation lands on the sixth spot due to the fact that it has a 50 per cent higher purchasing power amid low cost consumer goods and services. Even as rent expenses are high, the disposable income earned is high enough to cover costs.

(Source: GoBankingRates)

7. Oman

Like other Middle Eastern countries, Oman is rich in oil and gas that make it a wealthy economy with the highest purchasing power in the list at 57.5 per cent with cost of goods that are comparatively cheaper.

(Source: GoBankingRates)

8. Paraguay

If you live in Asuncion, the country's capital, your monthly living expenses will fall to Rs 24,000 a month.

Rent in this country is 91.7 per cent cheaper, thus making a one bedroom apartment cost less than Rs 17,000.

(Source: GoBankingRates)

9. Czech Republic

Czech Republic has a fine balance between low cost of goods and high purchasing power with a per capita GDP of $19,500 meaning locals can buy more, pay cheap rent with their disposable incomes.

(Source: GoBankingRates)

10. Macedonia

Macedonia, located just north of Greece, is a country home to ancient towns of the Ottoman Empire.

Rent is Macedonia is 94 per cent cheaper compared to New York along with low cost of goods and services which make it an ideal spot for inexpensive living.

(Source: GoBankingRates)

11. Bosnia and Herzegovina

This East European country laced with rivers and mountains is a popular destination for mountaineers and nature enthusiasts.

The country has a 40.3 per cent lower purchasing power coupled with low prices of goods and services. Rent is 92.9 per cent cheaper compared to New York.

In the country's capital, Sarajevo combined expenses of goods and rent for a single person falls between Rs 40,000-46,000.

(Source: GoBankingRates)

12. Poland

Poland is a great travel destination. Consumer goods, groceries and services are very cheap coupled with 26 per cent lower purchasing power.

(Source: GoBankingRates)

13. Colombia

The South American country provides low cost living with rent being 93 per cent cheaper. A typical single bedroom apartment in the city of Medellin will cost you Rs 10,000 a month while other expenses will account for over Rs 23,000!

(Source: GoBankingRates)

14. Pakistan

Sharing the border with India, Pakistan's commercial city of Lahore is very affordable to live in. The combined costs of rent, food and consumer goods and services for a month is little over Rs 35,000 a month.

(Source: GoBankingRates)

15. Moldova

In the East European country of Moldova, purchasing power is about 67 per cent lower.

In Chisinau, rent comes to Rs 14,000 for a month for a single-bedroom apartment and other expenses round up to Rs 22,000.

(Source: GoBankingRates)

16. Chile

The country's high local purchasing power ranks it only a few places behind New York City. However, the cost of rent, groceries and consumer goods are largely cheaper.

(Source: GoBankingRates)

17. Malaysia

Malaysia has a better-than-average local purchasing power which makes it a economy strong.

Living standard is high and cost of living is cheaper than average. Rent is 89.3 per cent cheaper in the South Asian country.

(Source: GoBankingRates)

18. Serbia

The East European country's major industries include automobiles, base metals and furniture.

Serbia has the third-lowest rent index among the countries in the study with an average rent for a one bedroom apartment at Rs 11,000.

(Source: GoBankingRates)

19. Greece

Located along the exotic Mediterranean coastline, Greece is a popular tourist destination with beautiful landscapes.

The city of Patras has a median rent price of Rs 16,000 for a one bedroom apartment. However, the consumer goods and groceries are on the higher side.

(Source: GoBankingRates)

20. Bulgaria

Bulgaria borderlines Greece, Turkey and Romania and its major industries include electricity, gas, food, beverages and tobacco.

Rent price in Bulgaria is about Rs 15,470 a month for a single bedroom apartment. Food and consumer goods are cheaper compared to many other countries.

(Source: GoBankingRates)

Copyright©2023 Living Media India Limited. For reprint rights: Syndications Today

These are the 20 cheapest countries to live (2024)

FAQs

What is the top 10 cheapest country in the world? ›

Top 10 cheapest countries
  1. Sri Lanka. ...
  2. Guatemala. ...
  3. Cambodia. ...
  4. Philippines. ...
  5. mexico. ...
  6. Malaysia. ...
  7. Thailand. ...
  8. Indonesia.
Dec 24, 2022

What is the cheapest country for an American to live in? ›

One of the cheapest countries to live in is definitely Vietnam. Vietnam offers a beautiful mixture between the ancient and the modern, and with its beautiful landscape, beaches, and history, it is an experience you will never forget.

What is the cheapest English speaking country to live in? ›

We have listed the 15 cheapest English-speaking countries below:
  • St. Lucia.
  • Jamaica.
  • Dominica.
  • Canada.
  • Barbados.
  • Malta.
  • St. Kitts and Nevis.
  • The United Kingdom.

Which countries pay you to live there? ›

10 Countries Around The World That Will Actually Pay You To Move...
  • Tulsa, Oklahama. Well, you could be the next Chandler. ...
  • Albinen, Switzerland. ...
  • Sicily, Italy. ...
  • Antikythera, Greece. ...
  • Alaska. ...
  • Ireland. ...
  • Chile. ...
  • Ponga, Spain.
Jul 19, 2022

Where to move to live a simple life? ›

Best Places To Live A Simple Life
  • Sandpoint, ID.
  • Gulfport, FL.
  • Montpelier, VT.
  • San Marcos, TX.
  • Greenville, SC.
  • Canandaigua, NY.
  • Port Townsend, WA.
  • Logan, UT.
Jul 4, 2022

What is the easiest country to move to? ›

Best and Easiest Countries to Immigrate to in 2023: Top 5 List
  • 1.1. 1 – United States.
  • 1.2. 2 – Canada.
  • 1.3. 3 – Germany.
  • 1.4. 4 – Australia.
  • 1.5. 5 – Portugal.
Feb 20, 2023

Where is the cheapest warm place to live? ›

10 Places with Perfect Climate and Low Living Costs
  • Mexico. Like any country, some parts of Mexico are nicer and safer than others. ...
  • Panama. Just a bit further south is Panama. ...
  • Ecuador. Situated on the equator, Ecuador is a top pick if you really desire warm weather. ...
  • Colombia. ...
  • Costa Rica. ...
  • Malaysia. ...
  • Spain. ...
  • Nicaragua.

What country is easy to immigrate to from us? ›

However, Mexico is still one of the easiest countries to immigrate to from the US because of its proximity to the US. US citizens will not need a visa in Mexico if they want to stay for fewer than 180 days. You must need a Mexico Tourist Card if you are traveling without a Visa in Mexico.

What country is easy to get citizenship? ›

Italian citizenship by descent is one of the easiest to obtain. You may be eligible for citizenship if you have Italian heritage. To acquire citizenship, you must have an ancestor who was a citizen of Italy on March 17th, 1861 or was born in the country after that.

Where is the cheapest and nicest place to live in USA? ›

Lake Side Park in Fort Wayne, Indiana, named the most affordable city to live in America. In its report, Niche also ranked the cheapest places to live in the U.S. At the top of the list was Fort Wayne, Indiana, which also took the top spot in three previous years: 2021, 2019 and 2018.

Where is the cheapest place to retire? ›

Below, you can review our list of the top ten cheapest countries where you can retire well.
  • Malaysia. ...
  • Spain. ...
  • Costa Rica. ...
  • Panama. Cost of Living Index: 48.25. ...
  • Peru. Cost of Living Index: 30.74. ...
  • Slovenia. Cost of Living Index: 47.30. ...
  • Austria. Cost of Living Index: 64.11. ...
  • Australia. Cost of Living Index: 72.27.
Oct 1, 2022

What is the easiest English speaking country to move to? ›

Here are the 15 best English speaking countries to move to if you want the tax advantages of living abroad without having to learn a new language.
...
15 Expat Countries that Speak English (and Make Sense Tax-Wise)
  1. Bahamas. ...
  2. Belize. ...
  3. Bermuda. ...
  4. Dominica. ...
  5. Gibraltar. ...
  6. Ireland. ...
  7. Isle of Man. ...
  8. Jersey.

Where is the best and cheapest place to retire in the world? ›

Panama. Named to the top spot of "Best Places to Retire in 2022" on International Living's Annual Global Retirement Index, Panama has become a popular retirement destination.

Which country is best for living life? ›

  • Sweden. #1 in Quality of Life. #5 in Best Countries Overall. ...
  • Denmark. #2 in Quality of Life. #10 in Best Countries Overall. ...
  • Canada. #3 in Quality of Life. ...
  • Switzerland. #4 in Quality of Life. ...
  • Norway. #5 in Quality of Life. ...
  • Finland. #6 in Quality of Life. ...
  • Germany. #7 in Quality of Life. ...
  • Netherlands. #8 in Quality of Life.

What is the best country to live in financially? ›

  • Switzerland. #1 in Economically stable. #1 in Best Countries Overall. ...
  • Germany. #2 in Economically stable. ...
  • Canada. #3 in Economically stable. ...
  • Netherlands. #4 in Economically stable. ...
  • United Kingdom. #5 in Economically stable. ...
  • Australia. #6 in Economically stable. ...
  • Japan. #7 in Economically stable. ...
  • Sweden. #8 in Economically stable.

Where can I live for free in the world? ›

Where can you live for free: Hostels
  • Living in a hostel in Spain. Work in reception in a hostel in San Sebastian. ...
  • Help in a hostel in Perú ...
  • Helping a homestay in Morocco. ...
  • Volunteering in Canada. ...
  • Live like a local in Guatemala. ...
  • Learn while helping in Sri Lanka. ...
  • Live in a farm in Thailand.

Which American city has the best quality of life? ›

The U.S. Cities With The Highest Quality of Life 2022
  • San Diego, California.
  • Hartford, Connecticut.
  • Portland, Maine.
  • Reno, Nevada.
  • Fort Collins, Colorado.
  • Boston, Massachusetts.
  • Madison, Wisconsin.
  • Trenton, New Jersey.
Aug 10, 2022

What is the number 1 place to live in the US? ›

Atlanta, Georgia is the best place to live in the U.S. in 2022 because of its booming jobs market and eye on equality.

Where is the easiest place to start a new life? ›

Fresh Start: 10 Best Cities to Move to Start a New Life
  • Pittsburgh, Pennsylvania. Anyone looking for a fresh start will find a kindred spirit in Pittsburgh itself. ...
  • Dallas-Fort Worth, Texas. ...
  • Salt Lake City, Utah. ...
  • Jacksonville, Florida. ...
  • Oklahoma City, Oklahoma. ...
  • Cleveland, Ohio. ...
  • Denver, Colorado. ...
  • Nashville, Tennessee.
Jan 7, 2022

Where are most Americans moving to? ›

Twenty-six states experienced an influx of people, with more people moving in than out, while twenty-five states lost movers. Florida (318,855), Texas (230,961), and the Carolinas – North Carolina (99,796) and South Carolina (84,030) – were the states with the most net domestic migration gains in 2022.

Where should I move out of USA? ›

Where do American expats go?
  • Czech Republic. Smack dab in the middle of continental Europe sits an expat's best kept secret. ...
  • New Zealand. ...
  • France. ...
  • Germany. ...
  • Thailand. ...
  • Costa Rica. ...
  • Canada. ...
  • South Korea.
Nov 30, 2022

Where can a US citizen not travel? ›

The only destination where it is forbidden for US citizens to travel to is North Korea, due to its closed border status for both US citizens and citizens of other countries.

Where is the cheapest place in USA? ›

According to their methodology, America's cheapest city is Harlingen, Texas, a small city of less than 72,000 people at the southern tip of Texas near the Mexican border.

What country can you live in without citizenship? ›

Nicaragua is the only country that gives you permanent residency immediately. Most countries, including Panama, start with a temporary residency and then allow you to upgrade to permanent status. Like Panama, you can apply for citizenship after 5 years of residency.

What countries need American workers? ›

Countries who welcome American immigrants
  • Australia. ...
  • Canada. ...
  • Ecuador. ...
  • France. ...
  • Germany. ...
  • Malta. ...
  • Mexico. ...
  • Montenegro.

Which country is more immigrant friendly? ›

The most sought-after destination for immigration is considered to be the United States of America (USA). It is understood that the USA is a multicultural nation that draws people from all over the world making it one of the most immigration-friendly countries.

What is the fastest citizenship to get? ›

Let's look at the countries with the fastest citizenship and what else they offer.
  • Vanuatu: 1–2 months. ...
  • Dominica: 2–6 months. ...
  • St Kitts and Nevis: 2–6 months. ...
  • St Lucia: 3–4 months. ...
  • Grenada: 4–6 months. ...
  • Antigua and Barbuda: 4–6 months. ...
  • Turkey: 6–8 months. ...
  • Malta: 1–3 years.

Is USA citizenship easy? ›

U.S. citizenship gives a person as many rights as the U.S. has to offer; for example, the right to vote in U.S. state and federal elections, petition for family members to immigrate to the U.S., and to live abroad without losing the right to return. For these reasons, citizenship is not easy to obtain.

What is the most powerful passport? ›

According to the 2023 Henley Passport Index, Japan is the world's most powerful passport.
...
The most powerful passports in the world
  • Australia, Canada, Greece, and Malta.
  • Hungary and Poland.
  • Lithuania and Slovakia.
Jan 19, 2023

What U.S. state has lowest cost of living? ›

Mississippi

Mississippi is the cheapest place to live in the United States, with a cost of living 15.6% lower than the national average.

Where is it cheap to buy a house? ›

Top 10 cheapest boroughs in London 2022
  • Barking and Dagenham. The affordability of homes in this London borough makes it an ideal location for first-time buyers. ...
  • Croydon. ...
  • Haringey. ...
  • Enfield. ...
  • Sutton. ...
  • Lewisham. ...
  • Newham. ...
  • Greenwich.
May 14, 2022

Where is the cheapest place in America for seniors to live? ›

Michigan ranks as the most affordable state to retire in 2022, according to a recent Bankrate analysis. This is due to a low cost of living and light tax burden for residents.

Where is the easiest place for Americans to retire? ›

Portugal has ranked as the best country to retire to in the world for four years in a row, with this year scoring a staggering 87.43 out of 100 points. In addition, the following categories scored: Housing: 74. Healthcare: 92.

Where is the cheapest place to live on Social Security? ›

15 Best Places To Live on Only a Social Security Check
  • Shreveport, Louisianna. Cost of Living Score: 76.6. ...
  • Lubbock, Texas. Cost of Living Score: 80.7. ...
  • Killeen, Texas. Cost of Living Score: 80.4. ...
  • Davenport, Iowa. Cost of Living Score: 78.5. ...
  • Midland, Texas. ...
  • Lincoln, Nebraska. ...
  • Fargo, North Dakota. ...
  • Cleveland, Ohio.
Feb 13, 2023

What are the 3 states that don't tax retirement income? ›

Fortunately, there are some states that don't charge taxes on retirement income of any kind: Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming.

Where can US citizens work without a visa? ›

Each of these countries has its own specific requirements for visa applicants, but the good news is you have some options! As an American, you can work in Australia, Ireland, Singapore, New Zealand, Canada, and South Korea.

What is the best European country for an American to move to? ›

If you can handle the cold, Germany and the Netherlands are two of the most popular countries for expats, both offering international communities and unique residency options. Switzerland: Although many European countries offer a better quality of life than the U.S., Switzerland takes the cake.

What is the hardest country to move to? ›

17 Hardest Countries To Get Citizenship: 2023 Edition
  • Qatar.
  • Vatican City.
  • Liechtenstein.
  • Bhutan.
  • Saudi Arabia.
  • Kuwait.
  • Switzerland.
  • China.

Can I collect Social Security if I live in another country? ›

If you are a U.S. citizen, you may receive your Social Security payments outside the U.S. as long as you are eligible for them.

What is the best country to retire on Social Security? ›

To reap cost-saving benefits like low-cost healthcare to a grocery bill that's much less compared to what you'll pay in the U.S., here are the 10 best countries to live on just a Social Security check.
...
  • Panama. ...
  • Costa Rica. ...
  • Mexico. ...
  • Portugal. ...
  • Colombia. ...
  • Ecuador. ...
  • Malta. ...
  • France.
Feb 1, 2023

What is the most affordable and safest country to live in? ›

Definitely one of the cheapest and safest places to live in the world, Portugal is very popular among people leaving the US to move abroad. Transportation is very sophisticated and easy to use all over Portugal, and you can travel cheaply around the country by train or bus.

What country has the best rate of living? ›

Top 10 Countries with the Highest Cost of Living (various sources)*:
RankNumbeoExpatistan
1BermudaBermuda
2SwitzerlandHong Kong
3NorwayBahamas
4IcelandSwitzerland
6 more rows

Is it cheaper to live in Norway or the US? ›

United States is 16.4% more expensive than Norway.

Can an American just move to Norway? ›

The exact circ*mstances for how to move to Norway from a non EU/EEA country will depend on your country of citizenship (find more information here), but essentially you will need to apply for a residence permit that will fall under one of these categories: family immigration, work immigration, study, au pair, and ...

How much is a co*ke in Norway? ›

The price is 2.39 USD. The average price for all countries is 0.93 USD. The database includes 91 countries.
...
Norway - Coca-Cola - price, September 2022.
Norway - Coca-Cola - price, September 2022
NOK24.900
USD2.392
EUR2.251

What is minimum wage in Norway? ›

There is no general minimum wage for all sectors and workers in Norway. Nevertheless, minimum wages has been introduced in certain sectors in general application of collective agreements.

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