Cheapest Countries to Live In

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Table of Contents
Interactive MapIntroductionCountries by Cost of LivingCheapest Countries to Live InCost of Living by CountryAfghanistanAlbaniaAlgeriaAndorraAngolaAntigua and BarbudaArgentinaArmeniaAustraliaAustriaAzerbaijanBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCayman IslandsCentral African RepublicChadChileColombiaComorosCosta RicaCroatiaCubaCyprusCzech RepublicDemocratic Republic of the CongoDenmarkDjiboutiDominicaDominican RepublicEast TimorEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaFijiFinlandFranceGabonGeorgiaGermanyGhanaGreeceGrenadaGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyIvory CoastJamaicaJapanJordanKazakhstanKenyaKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLibyaLiechtensteinLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMarshall IslandsMauritaniaMauritiusMexicoMoldovaMonacoMongoliaMontenegroMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorth KoreaNorwayOmanPakistanPalauPalestinePanamaPapua New GuineaParaguayPeople's Republic of ChinaPeruPhilippinesPolandPortugalQatarRepublic of MacedoniaRepublic of the CongoRomaniaRussiaRwandaSaint Kitts and NevisSaint LuciaSaint Vincent and the GrenadinesSan MarinoSão Tomé and PríncipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth KoreaSouth SudanSpainSri LankaSudanSurinameSwedenSwitzerlandSyriaTaiwanTajikistanTanzaniaThailandThe BahamasThe GambiaTogoTrinidad and TobagoTunisiaTurkeyTurkmenistanUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States of AmericaUruguayUzbekistanVanuatuVenezuelaVietnamYemenZambiaZimbabweFAQsWhat is the cheapest country to live in ?

Introduction

The cost of living varies significantly from country to country, with some countries being significantly cheaper to live in than others. The cheapest countries in the world are generally located in Asia, Africa, and South America, with a few exceptions in Europe.

Pakistan tops the list of the cheapest countries in the world, with a cost of living index of $294. Sri Lanka and Nepal come in second and third on the list, with cost of living indexes of $316 and $385 respectively.

Several African countries also feature on the list of the cheapest countries in the world. Algeria, Libya, and Tunisia, all located in North Africa, rank in the top ten, with cost of living indexes ranging from $391 to $416. The Gambia, located in West Africa, also features in the top ten, with a cost of living index of $425.

Other notable countries on the list include Kyrgyzstan, located in Central Asia, and Bangladesh, located in South Asia. Ukraine and Moldova, both located in Eastern Europe, also feature on the list, as does Paraguay, located in South America.

Countries by Cost of Living

#CountryCost of Living
1Pakistan$294
2Sri Lanka$316
3Nepal$385
4Algeria$391
5Afghanistan$397
6Libya$398
7India$416
8Tunisia$416
9Egypt$418
10The Gambia$425
11Turkey$428
12Kyrgyzstan$441
13Bangladesh$448
14Ukraine$458
15Kazakhstan$475
16Tajikistan$491
17Bhutan$498
18Moldova$501
19East Timor$503
20Syria$503
21Comoros$504
22South Sudan$505
23Burundi$508
24Republic of Macedonia$512
25Central African Republic$515
26Haiti$515
27Eritrea$516
28Chad$518
29Azerbaijan$522
30Liberia$522
31Papua New Guinea$524
32Uzbekistan$525
33Yemen$535
34Mali$536
35Bosnia and Herzegovina$546
36Mongolia$546
37Colombia$548
38Djibouti$548
39Republic of the Congo$550
40Malawi$553
41Paraguay$555
42Cameroon$560
43Indonesia$564
44Malaysia$574
45Uganda$574
46Argentina$576
47Belarus$581
48Ghana$581
49Morocco$586
50Philippines$587
51Lesotho$589
52Albania$592
53Togo$594
54Gabon$606
55Botswana$607
56Kenya$608
57Vietnam$622
58Nauru$624
59Nicaragua$625
60Guinea-Bissau$628
61Madagascar$628
62Mauritius$629
63Bulgaria$639
64Benin$645
65Romania$650
66Montenegro$655
67Sudan$657
68Brazil$661
69Rwanda$664
70Serbia$667
71Peru$672
72Burkina Faso$677
73Suriname$679
74Iraq$688
75Bolivia$703
76Hungary$712
77Mexico$713
78Iran$723
79Fiji$725
80Eswatini$728
81Ethiopia$732
82Mauritania$739
83Thailand$742
84Tanzania$743
85Sierra Leone$748
86Ecuador$750
87People's Republic of China$758
88Venezuela$762
89Honduras$771
90Dominican Republic$791
91São Tomé and Príncipe$795
92Cambodia$796
93Somalia$797
94Georgia$812
95Poland$814
96Namibia$819
97Myanmar$822
98Zimbabwe$831
99Jordan$835
100Guyana$838
101Belize$840
102Chile$840
103Ivory Coast$845
104South Africa$852
105El Salvador$853
106Lithuania$859
107Latvia$860
108Saint Vincent and the Grenadines$863
109Russia$868
110Equatorial Guinea$871
111Jamaica$875
112Armenia$884
113Niger$885
114Costa Rica$893
115Laos$894
116Croatia$896
117Guatemala$910
118Slovakia$913
119Palestine$916
120Greece$919
121Guinea$933
122Senegal$969
123Portugal$977
124Trinidad and Tobago$977
125Taiwan$981
126Dominica$992
127Zambia$1,000
128Democratic Republic of the Congo$1,001
129Czech Republic$1,007
130Nigeria$1,008
131Grenada$1,012
132San Marino$1,018
133Estonia$1,019
134Saudi Arabia$1,020
135Panama$1,040
136Mozambique$1,042
137Saint Lucia$1,042
138Slovenia$1,059
139South Korea$1,062
140Brunei$1,066
141Cuba$1,078
142Uruguay$1,090
143Andorra$1,104
144Oman$1,126
145Angola$1,129
146Spain$1,141
147Turkmenistan$1,159
148Palau$1,162
149Bahrain$1,171
150Japan$1,171
151Saint Kitts and Nevis$1,184
152Maldives$1,188
153Cyprus$1,213
154Italy$1,221
155Lebanon$1,254
156Barbados$1,262
157Marshall Islands$1,271
158Malta$1,275
159Kuwait$1,312
160Belgium$1,324
161Germany$1,325
162France$1,363
163Seychelles$1,387
164Sweden$1,398
165Finland$1,423
166Austria$1,467
167Antigua and Barbuda$1,546
168North Korea$1,554
169Solomon Islands$1,577
170United Arab Emirates$1,660
171Denmark$1,665
172New Zealand$1,669
173Netherlands$1,680
174Israel$1,748
175United Kingdom$1,804
176The Bahamas$1,809
177Canada$1,832
178Vanuatu$1,886
179Qatar$1,891
180Norway$1,892
181Australia$1,947
182Ireland$1,974
183Luxembourg$2,050
184Iceland$2,054
185United States of America$2,112
186Liechtenstein$2,118
187Singapore$2,420
188Switzerland$2,507
189Cayman Islands$2,888
190Monaco$3,585

Cheapest Countries to Live In

The ten cheapest countries to live in are Pakistan, Sri Lanka, Nepal, Algeria, Afghanistan, Libya, India, Tunisia, Egypt, and The Gambia. Pakistan is the cheapest country to live in in the world, with a cost of living of $294. Sri Lanka is the second cheapest country to live in, with a cost of living of $316. Nepal ranks third cheapest country to live in, with a cost of living of $385. Algeria comes fourth in the list of cheapest countries to live in, with a cost of living of $391. Afghanistan ranks fifth, with a cost of living of $397. Libya comes sixth, with a cost of living of $398. India ranks seventh cheapest country to live in, with a cost of living of $416. Tunisia comes eighth, with a cost of living of $416, Egypt ranks ninth, with a cost of living of $418, and The Gambia rounds out the top ten cheapest countries to live in, with a cost of living of $425.

Then ten cheapest places to live in the world, in order of the countries with the lowest cost of living, are:

1. Pakistan – $294
2. Sri Lanka – $316
3. Nepal – $385
4. Algeria – $391
5. Afghanistan – $397
6. Libya – $398
7. India – $416
8. Tunisia – $416
9. Egypt – $418
10. The Gambia – $425

Cost of Living by Country

Afghanistan

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Ranked in the World

#5

The fifth cheapest place to live in the world is Afghanistan, with a cost of living of $397.

Albania

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Ranked in the World

#52

Algeria

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Ranked in the World

#4

Algeria ranks fourth on the list of cheapest countries to live and first on the list of cheapest countries in Africa, with a cost of living of $391.

Andorra

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$1,104

Ranked in the World

#143

Angola

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$1,129

Ranked in the World

#145

Antigua and Barbuda

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$1,546

Ranked in the World

#167

Argentina

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Ranked in the World

#46

Armenia

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Ranked in the World

#112

Australia

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$1,947

Ranked in the World

#181

Austria

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$1,467

Ranked in the World

#166

Azerbaijan

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Ranked in the World

#29

Bahrain

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$1,171

Ranked in the World

#149

Bangladesh

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Ranked in the World

#13

Bangladesh ranks thirteenth on the list of cheapest countries to live in, with a cost of living of $448.

Barbados

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$1,262

Ranked in the World

#156

Belarus

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Ranked in the World

#47

Belgium

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$1,324

Ranked in the World

#160

Belize

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Ranked in the World

#101

Benin

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Ranked in the World

#64

Bhutan

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Ranked in the World

#17

Bhutan is the country with the seventeenth cheapest cost of living, with a cost of living of $498.

Bolivia

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Ranked in the World

#75

Bosnia and Herzegovina

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Ranked in the World

#35

Botswana

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Ranked in the World

#55

Brazil

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Ranked in the World

#68

Brunei

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$1,066

Ranked in the World

#140

Bulgaria

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Ranked in the World

#63

Burkina Faso

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Ranked in the World

#72

Burundi

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Ranked in the World

#23

Cambodia

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Ranked in the World

#92

Cameroon

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Ranked in the World

#42

Canada

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$1,832

Ranked in the World

#177

Cayman Islands

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$2,888

Ranked in the World

#189

Central African Republic

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Ranked in the World

#25

Chad

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Ranked in the World

#28

Chile

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Ranked in the World

#102

Colombia

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Ranked in the World

#37

Colombia is the 37th cheapest country in the world, as well as the cheapest country in South America, with a cost of living of $548.

Comoros

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Ranked in the World

#21

Costa Rica

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Ranked in the World

#114

Croatia

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Ranked in the World

#116

Cuba

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$1,078

Ranked in the World

#141

Cyprus

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$1,213

Ranked in the World

#153

Czech Republic

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$1,007

Ranked in the World

#129

Democratic Republic of the Congo

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$1,001

Ranked in the World

#128

Denmark

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$1,665

Ranked in the World

#171

Djibouti

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Ranked in the World

#38

Dominica

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Ranked in the World

#126

Dominican Republic

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Ranked in the World

#90

East Timor

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Ranked in the World

#19

East Timor, the Southeast Asian country, comes in nineteenth place for cheapest countries to live in, with a cost of living of $503.

Ecuador

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Ranked in the World

#86

Egypt

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Ranked in the World

#9

Egypt comes in ninth place for countries with the cheapest cost of living, with a cost of living of $418.

El Salvador

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Ranked in the World

#105

Equatorial Guinea

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Ranked in the World

#110

Eritrea

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Ranked in the World

#27

Estonia

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$1,019

Ranked in the World

#133

Eswatini

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Ranked in the World

#80

Ethiopia

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Ranked in the World

#81

Fiji

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Ranked in the World

#79

Finland

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$1,423

Ranked in the World

#165

France

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$1,363

Ranked in the World

#162

Gabon

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Ranked in the World

#54

Georgia

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Ranked in the World

#94

Germany

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$1,325

Ranked in the World

#161

Ghana

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Ranked in the World

#48

Greece

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Ranked in the World

#120

Grenada

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$1,012

Ranked in the World

#131

Guatemala

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Ranked in the World

#117

Guinea

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Ranked in the World

#121

Guinea-Bissau

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Ranked in the World

#60

Guyana

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Ranked in the World

#100

Haiti

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Ranked in the World

#26

Honduras

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Ranked in the World

#89

Hungary

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Ranked in the World

#76

Iceland

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$2,054

Ranked in the World

#184

India

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Ranked in the World

#7

India is the seventh cheapest place to live in the world, with a cost of living of $416.

Indonesia

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Ranked in the World

#43

Iran

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Ranked in the World

#78

Iraq

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Ranked in the World

#74

Ireland

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$1,974

Ranked in the World

#182

Israel

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$1,748

Ranked in the World

#174

Italy

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$1,221

Ranked in the World

#154

Ivory Coast

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Ranked in the World

#103

Jamaica

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Ranked in the World

#111

Japan

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$1,171

Ranked in the World

#150

Jordan

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Ranked in the World

#99

Kazakhstan

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Ranked in the World

#15

Fifteenth on the list of cheapest countries is Kazakhstan, with a cost of living of $475.

Kenya

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Ranked in the World

#56

Kuwait

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$1,312

Ranked in the World

#159

Kyrgyzstan

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Ranked in the World

#12

Kyrgyzstan comes in twelfth place for cheapest places to live in the world, with a cost of living of $441.

Laos

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Ranked in the World

#115

Latvia

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Ranked in the World

#107

Lebanon

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$1,254

Ranked in the World

#155

Lesotho

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Ranked in the World

#51

Liberia

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Ranked in the World

#30

Libya

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Ranked in the World

#6

Libya ranks sixth on the list of cheapest countries to live in, with a cost of living of $398.

Liechtenstein

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$2,118

Ranked in the World

#186

Lithuania

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Ranked in the World

#106

Luxembourg

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$2,050

Ranked in the World

#183

Madagascar

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Ranked in the World

#61

Malawi

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Ranked in the World

#40

Malaysia

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Ranked in the World

#44

Maldives

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$1,188

Ranked in the World

#152

Mali

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Ranked in the World

#34

Malta

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$1,275

Ranked in the World

#158

Marshall Islands

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$1,271

Ranked in the World

#157

Mauritania

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Ranked in the World

#82

Mauritius

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Ranked in the World

#62

Mexico

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Ranked in the World

#77

Moldova

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Ranked in the World

#18

Moldova ranks eighteenth cheapest country to live in in the word, and second cheapest country in Eastern Europe, with a cost of living of $501.

Monaco

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$3,585

Ranked in the World

#190

Mongolia

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Ranked in the World

#36

Montenegro

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Ranked in the World

#66

Morocco

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Ranked in the World

#49

Mozambique

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$1,042

Ranked in the World

#136

Myanmar

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Ranked in the World

#97

Namibia

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Ranked in the World

#96

Nauru

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Ranked in the World

#58

Nepal

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Ranked in the World

#3

Nepal comes in third place for cheapest countries to live in, with a cost of living of $385.

Netherlands

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$1,680

Ranked in the World

#173

New Zealand

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$1,669

Ranked in the World

#172

Nicaragua

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Ranked in the World

#59

Niger

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Ranked in the World

#113

Nigeria

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$1,008

Ranked in the World

#130

North Korea

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$1,554

Ranked in the World

#168

Norway

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$1,892

Ranked in the World

#180

Oman

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$1,126

Ranked in the World

#144

Pakistan

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Ranked in the World

#1

The cheapest country in the world is Pakistan, with a cost of living of $294.

Palau

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$1,162

Ranked in the World

#148

Palestine

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Ranked in the World

#119

Panama

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$1,040

Ranked in the World

#135

Papua New Guinea

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Ranked in the World

#31

Papua New Guinea, a country located in the Pacific region, ranks 31st cheapest country to live in in the world, and is also the cheapest country in Oceania, with a cost of living of $524.

Paraguay

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Ranked in the World

#41

People's Republic of China

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Ranked in the World

#87

Peru

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Ranked in the World

#71

Philippines

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Ranked in the World

#50

Poland

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Ranked in the World

#95

Portugal

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Ranked in the World

#123

Qatar

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$1,891

Ranked in the World

#179

Republic of Macedonia

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Ranked in the World

#24

Republic of the Congo

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Ranked in the World

#39

Romania

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Ranked in the World

#65

Russia

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Ranked in the World

#109

Rwanda

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Ranked in the World

#69

Saint Kitts and Nevis

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$1,184

Ranked in the World

#151

Saint Lucia

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$1,042

Ranked in the World

#137

Saint Vincent and the Grenadines

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Ranked in the World

#108

San Marino

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$1,018

Ranked in the World

#132

São Tomé and Príncipe

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Ranked in the World

#91

Saudi Arabia

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$1,020

Ranked in the World

#134

Senegal

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Ranked in the World

#122

Serbia

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Ranked in the World

#70

Seychelles

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$1,387

Ranked in the World

#163

Sierra Leone

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Ranked in the World

#85

Singapore

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$2,420

Ranked in the World

#187

Slovakia

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Ranked in the World

#118

Slovenia

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$1,059

Ranked in the World

#138

Solomon Islands

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$1,577

Ranked in the World

#169

Somalia

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Ranked in the World

#93

South Africa

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Ranked in the World

#104

South Korea

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$1,062

Ranked in the World

#139

South Sudan

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Ranked in the World

#22

Spain

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$1,141

Ranked in the World

#146

Sri Lanka

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Ranked in the World

#2

The second cheapest country to live in is Sri Lanka, with a cost of living of $316.

Sudan

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Ranked in the World

#67

Suriname

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Ranked in the World

#73

Sweden

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$1,398

Ranked in the World

#164

Switzerland

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$2,507

Ranked in the World

#188

Syria

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Ranked in the World

#20

Finally, Syria ranks twentieth on the list of cheapest countries in the world, with a cost of living of $503.

Taiwan

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Ranked in the World

#125

Tajikistan

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Ranked in the World

#16

Tajikistan ranks sixteenth cheapest country to live in, with a cost of living of $491.

Tanzania

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Ranked in the World

#84

Thailand

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Ranked in the World

#83

The Bahamas

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$1,809

Ranked in the World

#176

The Gambia

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Ranked in the World

#10

The Gambia ranks tenth on the list of cheapest countries to live in, with a cost of living of $425. The country is located in West Africa and is known for its low costs for food, housing, and transportation.

Togo

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Ranked in the World

#53

Trinidad and Tobago

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Ranked in the World

#124

Tunisia

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Ranked in the World

#8

Tunisia ranks eighth on the list of cheapest places to live in the world, and is the third cheapest country in North Africa, with a cost of living of $416.

Turkey

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Ranked in the World

#11

The eleventh cheapest country to live in is Turkey, with a cost of living of $428. Turkey is a country that spans both Europe and Asia and is an affordable country to live in because of its low costs for food, housing, and transportation.

Turkmenistan

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$1,159

Ranked in the World

#147

Uganda

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Ranked in the World

#45

Ukraine

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Ranked in the World

#14

Ukraine is the fourteenth cheapest country in the world, as well as the cheapest country in Europe, with a cost of living of $458.

United Arab Emirates

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$1,660

Ranked in the World

#170

United Kingdom

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$1,804

Ranked in the World

#175

United States of America

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$2,112

Ranked in the World

#185

Uruguay

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$1,090

Ranked in the World

#142

Uzbekistan

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Ranked in the World

#32

Vanuatu

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$1,886

Ranked in the World

#178

Venezuela

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Ranked in the World

#88

Vietnam

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Ranked in the World

#57

Yemen

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Ranked in the World

#33

Zambia

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$1,000

Ranked in the World

#127

Zimbabwe

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Ranked in the World

#98

FAQs

What is the cheapest country to live in ?

Pakistan is currently the cheapest country to live in. With a cost of living index of $294, Pakistan has the lowest cost of living in the world.

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