Looking forward to enjoy a life that is luxurious and at the same super affordable?
A life that is full of colors and entertainment with the right connection with nature then you should definitely have a look at our list of most cheapest countries to live and have a whale of a time!
Cheapest Countries To Live in 2024
1# Pakistan
Created under a lot of controversy, Pakistan is one of the countries suffering from economical crisis. Even after that, the country is one of the cheapest countries in the world currently.
Having groceries nearly 75% cheaper and rent almost 100% cheaper than the world, the country is looking good in the future. The cost of living in Pakistan is 18.58 which is much cheaper than many Asian countries.
2# India
Neighbors to Pakistan, India is most economical country in the world. It has the 4th largest economy in the world and has an incredibly stabled economy.
Aside from the excellent economic conditions, people always look forward to move to India due the amazing opportunities that the nation provides. India has a 25.14 cost of living index.
3# Tunisia
Having a population of nearly 11 million people, Tunisia is one of the most economical country in the world.
Nevertheless, the country is filled with amazing agricultural prosperity that is helping the economy. There are a lot of beaches and islands that the citizens can enjoy. The local goods are almost 70% cheaper than the normal rates. Tunisia has a cost of living of 25.43.
4# Georgia
Georgia is one of the economic country that offers freedom of speech to its people. The country has been incredibly economical in the recent years making it one of the cheapest countries in the world.
The rent is a lot cheaper which offers people a lot of flexibility. The cost of living in Georgia is 27.78.
5# Egypt
If you are looking for an economical country that is rich in architectural beauty, then Egypt is the perfect place for you.
Tourism has always been a regular activity in the nation, but people are now starting to looking to move in due to its cheap economic conditions. Egypt has a cost of living of 29.09.
6# Colombia
Situated near the South American region, Colombia has a population of nearly 48 million people. Although Colombia is subject to certain controversies in the past, the country is always open to peace.
The local goods and services, along with the groceries are almost 70% cheaper than the normal rates. The cost of living in Colombia is 30.06.
7# Algeria
Arguably the largest country in Africa, Algeria is an incredibly hot nation. So much so that almost 75% of the country lies within the Sahara desert.
It has a very stable economy with the local purchasing power being almost 64% cheaper than the normal countries. Algeria has a cost of living of 30.54 which is closer to that of Colombia.
8# Nepal
Having a wide range of the world’s highest mountains, Nepal is a very economical country for residing. Situated between the Nepal and Indian border, it is one of the world’s most poor economic country in the world.
This helps in it becoming a cheap country to live in recording a 97% cheaper rent rate than the usual. Nepal has a cost of living of almost 30.7.
9# Ukraine
Ukraine is the 2nd largest country in Europe having a lot to offer for its citizens. The place is filled with rich farmlands having rent almost 90% cheaper than the normal rates.
The best part about the country is that the local goods and services are almost 75% lower than the traditional rates. This makes the place much more compatible for the people resided there. Ukraine’s cost of living index is slightly higher than that of Nepal, at 30.94.
10# Bangladesh
Situated close to India, Bangladesh is a densely populated country in Asia. The only problem with Bangladesh is that it is prone to flooding and natural disasters that increase the overall risk.
However, the rent is almost 100% cheaper with groceries almost 2/3rd that of other countries. Bangladesh has a cost of living of 32.62.
11# Moldova
Similar to most economic countries, Moldova is also landlocked from all ends. It is one of the poorest nations in the world having only 3.5 million population. It has high unemployment ratio which makes it easier for the new comers to apply for job.
Moreover, the trade is also in decline which makes it the perfect situation for the people to take advantage of the cheap economical situation. Moldova is just 0.01% above Bangladesh, having a cost of living index of 32.63.
12# Bolivia
Having the local purchasing power almost 50% lower, Bolivia is an ideal country with a lot to offer. Bolivia is an ideal country with numerous green valleys that offers exciting scenic views.
The groceries are also a lot more cheaper than the normal countries which offers a lot of support to the citizens. Bolivia’s cost of living index is 34.07.
13# Mexico
Ranked in the top 5 of the most economic countries, Mexico is a beautiful nation. It is a huge country having a favorable exchange rate with the US dollar.
This has attracted tourism big time, but people are now looking forward to making it their permanent residence. The groceries and local goods are a lot cheaper than the world rates. The cost of living index in Mexico is 34.29.
14# Zambia
Zambia is arguably the most stable country in the entire Africa. Having nearly 13 million people population, people are gradually moving to the country considering its economical situation.
The best part about the country is that it has English as its official language which makes it easier for the emigrants to adapt. Zambia has a cost of living index of almost 35.5.
15# Romania
The country became a member of the European Union in 2007 which really helped its economy to boost in. The best part about this country is that groceries are almost 71% cheaper than the normal countries.
The economical rent along with the good purchasing power makes it the no. 20 country in world’s cheapest countries. Romania’s cost of living index is on the border of 35.5, 35.49 to be precise.
16# Bosnia and Herzegovina
The country is in the growth phase after being impacted badly following the break out with Yugoslavia. Although it became an independent state recently, it is still under international administration.
The country ranks amongst the top 10 cheapest countries due to its suffering economy. The cost of living in Bosnia and Herzegovina is 36.19.
17# Malaysia
If you are looking forward that is economical and is politically stabled, then Malaysia is arguably the ideal choice for you. Having a population of nearly 30 million, the place is excellent for long time staying.
The groceries and local goods and services are almost 60% cheaper than the normal rates. Malaysia has a cost of living index of about 39.46.
18# South Africa
Arguably the cheapest English country in existence, South Africa offers a lot for their citizens. It has a high standard of living which helps the people get adapt to the situation in a much easier way.
In addition to this, the country is a lot culturally diverse. You are bound to enjoy your life there. South Africa’s cost of living index is around 43.74.
19# Saudi Arabia
Saudi Arabia is one the most influential countries in the Arab region. It has been on the rise due to its reach in the oil industry.
The country is very economical in nature as the stable economy promises equal benefits for everyone. This is one of the main reasons why people prefer moving to the nation. Saudi Arabia’s cost of living index is the highest touching around 48.71.
Browse, and find the most suitable country of your choice and turn your dream into a beautiful and lavish reality!