10 Cheapest countries to live in the world (2024)

Living in some countries can be expensive, and it can be challenging for people who are trying to make ends meet. However, there are still some countries where the cost of living is relatively low making them an affordable destination for people who are looking for a new place to live. In this article, we will discuss the cheapest countries to live in the world, including Afghanistan, Pakistan, India, Tunisia, Sri Lanka, Kyrgyzstan, Algeria, Nepal, and Turkey.

Cheapest countries to live in the world and their average cost of living per month 

Ranl	Country	Rank
1	Afghanistan	$350
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

1. Afghanistan 

Afghanistan is the first country on the list with an average cost of living per month of $350, and it is one of the most affordable countries to live in the world. However, living in Afghanistan can also be challenging due to the security situation in the country.

Despite this, the cost of living is still very low, and it is possible to find accommodation, food, and transportation at very affordable rates. In terms of accommodation, it is possible to rent a one-bedroom apartment in the city centre for around $120 per month. So if you are considering a country to travel to and have an affordable life Afghanistan should be top on your list 

2. Pakistan

Pakistan is another country where the cost of living is relatively low. The average cost of living per month in this country is estimated to be $370. Accommodation is quite affordable. so, getting shelter is an easy task in Pakistan. Food is also cheap, with a meal in an inexpensive restaurant costing at least  $3.50.

However, like Afghanistan, Pakistan can also be challenging due to the security situation in the country. So! Yes, it’s true that the cost of living in this country is quite low, but you should be able to do a good research as to which area will be at least peaceful enough for the period of your stay in the country. 

3. India

India is third on our list with an average cost of living per month of $423. The country is known as one of the most populous countries worldwide and is also recognized as one of the most cost-effective countries to reside in.

Cheap food is another perk, with an inexpensive restaurant meal priced at approximately $1.50. Additionally, the delicious street food is an added attraction, which is both budget-friendly and mouthwatering.

4. Tunisia

Tunisia is a picturesque North African nation that has gained a reputation for its stunning beaches and historical landmarks. Living expenses in Tunisia are relatively low, with a one-bedroom apartment situated in the city centre averaging around $424 per month. You can enjoy an affordable meal at an inexpensive restaurant for around $3.00, while public transportation is also reasonably priced, with a one-way ticket costing around $0.35.

In addition, Tunisia is a culturally rich country with a welcoming and friendly populace, making it a great option for those seeking an affordable yet interesting place to live. So yeah! This is a very good place to live in, as it has the prospect of giving you the joy you seek to have with the little financial budget to account for its luxury. 

5. Sri Lanka

Sri Lanka, a stunning island nation, boasts of picturesque beaches, vast tea plantations, and numerous national parks. The cost of living in Sri Lanka is comparatively inexpensive, with a one-bedroom apartment in the city centre costing around $428 per month.

Local restaurants offer a variety of delicious meals at affordable prices, with an inexpensive meal costing approximately $2.50. Furthermore, the cost of public transportation is also pocket-friendly, with a one-way ticket on public transport costing around $0.30. In summary, Sri Lanka presents a breathtaking yet affordable place to reside in.

6. Kyrgyzstan

Sixth on our countdown list is the country Kyrgyzstan. Kyrgyzstan is a landlocked country located in the heart of Central Asia, renowned for its stunning mountainous landscapes and rich nomadic heritage. The cost of living in Kyrgyzstan is considerably low, with a one-bedroom apartment in the city centre priced at around $430 per month.

Eating out is also quite affordable, with a meal at an inexpensive restaurant costing approximately $3.00, while public transport is very reasonable, with a one-way ticket priced at around $0.20. In summary, Kyrgyzstan presents an excellent option for those seeking an affordable yet culturally diverse place to call home.

7. Algeria

Algeria is a North African country that is famous for its Sahara Desert and historical sites. The cost of living in Algeria is relatively low, with a one-bedroom apartment in the city centre costing around $431 per month. Like every other country mentioned in this article, Algeria beats so many others mentioned in the least.

The country is known for its serenity, good and lovely indigenous places that will give you the feel you have always longed for. A meal in an inexpensive restaurant can cost around $3.50, while transportation is also affordable, with a one-way ticket on public transport costing around $0.20.

8. Syria

Syria is a Middle Eastern country that has been in the news for the wrong reasons, primarily due to its ongoing conflict. Despite this, Syria still boasts a unique blend of culture, history, and cuisine, making it an attractive destination for those looking for an affordable place to live. The cost of living in Syria is relatively low, with a one-bedroom apartment in the city centre costing around $435 per month.

Additionally, dining out is quite affordable, with a meal at an inexpensive restaurant costing approximately $2.00. However, due to the ongoing conflict, safety concerns and access to healthcare are factors to consider before deciding to move to Syria. It is good to also be security conscious while looking for a good place to live. 

9. Nepal

Nepal is second to last on this list. The country is a landlocked country in South Asia that is famous for its Himalayan mountain range and cultural heritage. The cost of living in Nepal is relatively low, with a one-bedroom apartment in the city centre costing around $439 per month. A meal in an inexpensive restaurant can cost around $2.00.

As mentioned above, security is one of the factors one must consider while settling for a country to live in. Nepal checks that bus of security. Transportation is also affordable in this country like every other in this list. Nepal is also a popular destination for backpackers, and it is possible to travel and live very cheaply in the country.

10. Turkey

And last on our list is Turkey. Turkey is a renowned tourist destination famous for its diverse history and culture. The cost of living in Turkey is relatively low, with an average one-bedroom apartment in the city centre priced at around $447 per month. Dining out is also quite affordable, with an inexpensive meal at a local restaurant costing approximately $3.50.

Public transportation is also reasonably priced, with a one-way ticket costing approximately $0.50. In summary, Turkey presents a unique and affordable living experience with its rich history and culture, making it an attractive destination for those seeking to live abroad.

It is important to note that the cost of living can vary depending on where you live within each of these countries. For example, living in a major city can be more expensive than living in a rural area. It is also important to consider other factors such as healthcare, education, and safety when deciding where to live.

Despite the low cost of living in these countries, it is still important to have a stable source of income to support yourself. Many people who live in these countries work remotely for companies based in other countries or start their own businesses to support themselves.

Conclusion

The countries mentioned in this article present some of the most economical living options globally. However, beyond the low cost of living, it is critical to assess other factors such as safety and access to healthcare before settling on one of these countries.

Additionally, having a stable income source, such as remote work or starting a business, is vital to support oneself in these nations. Overall, these countries offer a distinct cultural experience and an affordable lifestyle for those who seek it, making them an attractive option for adventurous individuals who want to explore and experience new cultures.