Cheapest Countries To Live in 2022

To maintain a specific standard of living in a certain region, one must have a certain amount of money available. Housing, food, taxes, and health care are all included in the price of daily life.

The cost of living may be quite expensive in certain nations, especially in the suburbs of major cities.

As an example, cities like Los Angeles and New York have a relatively lower standard of living, but rural locations like Mississippi, Kansas, or Oklahoma may be far less expensive.

Furthermore, no matter where one lives in the United States (or the rest of the globe), prices in another nation may be lower—or higher—than in one’s own.

Expatriates, retirees, and others looking to save money may find certain countries appealing because of their cheap cost of living.

Several factors contribute to a city’s cost of living, including the cost of necessities like a loaf of bread or rent/mortgage.

Those expenses are then compared to the cost of the same needs in a baseline city, such as New York City, USA, or Prague, Czech Republic. Each area of a country is averaged to make comparisons across countries easier.

Each list is slightly different because of the varied ways arithmetic is interpreted by the various sources. See the table below for the complete list of nations and their scores.

Take a look at the most expensive nations in the world to live in to see the other side of the spectrum.

The Top 10 Cheapest Countries to Live in (in US Dollars per month)

1. Afghanistan – $354
2. Pakistan – $370
3. India – $423
4. Tunisia – $424
5. Sri Lanka – $428
6. Kyrgyzstan – $430
7. Algeria – $431
8. Syria – $435
9. Nepal – $439
10. Turkey – $447

Best Places to Live for the Cheapest Cost of Living

1. Pakistan – 13.87
2. India – 15.84
3. Afghanistan – 16.54
4. Nepal – 17.01
5. Algeria – 17.34
6. Syria – 17.83
7. Tunisia – 18.15
8. Egypt – 18.43
9. Kosovo (territory) – 19.00
10. Uzbekistan – 19.02

Also See: Carbon Tax Countries 2022

List of the world’s cheapest countries (Global average = 100)

1. Economy
2. Egypt – 27.37
3. Ukraine – 37.76
4. Sudan – 38.29
5. Kyrgyzstan – 40.38
6. Azerbaijan – 40.56
7. Burma – 41.08
8. Sierra Leone – 41.32
9. Nepal – 41.85
10. India – 42.86
11. Tajikistan – 43.51