Cheapest Countries To Live In

Our world is rich in diversity and packed with countries that offer various lifestyles at vastly different costs. When it comes to the cost of living, not all destinations are created equal. The average monthly cost of living in a country can range from a few hundred dollars to several thousand, depending largely on factors such as accommodation, utility costs, meal costs, and the prices of goods and services.

In today's global economy, knowing the cost of living in various countries can be particularly helpful, whether for those considering international job opportunities, planning for retirement, or even considering a change in scenery.

Key findings from the data include:

• Countries such as Afghanistan, Pakistan, and India had some of the world's lowest costs of living in 2022, with the average monthly cost of living under $500.
• Despite its rapid economic development in recent years, the cost of living in China remains relatively affordable, averaging around $752 per month.
• On the other end of the spectrum, high-income countries such as Monaco, Switzerland, and Ireland had the highest average monthly living costs, all exceeding $2000, reflecting the higher living standards and cost of amenities in these regions.
• Countries like Argentina and Ukraine showed remarkably low cost of living while being a high-turmoil regions.
• In North America, the cost of living is significantly higher compared to many other countries worldwide, with the United States ranking as the 7th most expensive country worldwide.

To sort the data in the table, click on the column headers.