Discover the top 50 countries with the lowest cost of living in 2024. This list highlights the most affordable places to live worldwide, from Pakistan and Egypt to India, where expenses for essentials like food, transportation, and daily goods are budget-friendly. Perfect for expatriates, travelers, and those seeking a cost-effective lifestyle, this guide explores why these countries offer such affordability.
Explore the Most Affordable Countries to Live in 2024:
1. 🇵🇰 Pakistan: 18.8
2. 🇱🇾 Libya: 20.4
3. 🇪🇬 Egypt: 21.0
4. 🇮🇳 India: 21.2
5. 🇧🇩 Bangladesh: 22.5
6. 🇳🇵 Nepal: 25.5
7. 🇺🇦 Ukraine: 25.9
8. 🇺🇿 Uzbekistan: 26.4
9. 🇮🇷 Iran: 26.4
10. 🇧🇾 Belarus: 26.4
11. 🇰🇬 Kyrgyzstan: 27.6
12. 🇧🇴 Bolivia: 27.6
13. 🇹🇳 Tunisia: 28.1
14. 🇻🇳 Vietnam: 28.7
15. 🇨🇴 Colombia: 28.8
16. 🇩🇿 Algeria: 28.9
17. 🇺🇬 Uganda: 29.1
18. 🇮🇶 Iraq: 29.3
19. 🇦🇷 Argentina: 29.4
20. 🇽🇰 Kosovo: 29.5
21. 🇲🇦 Morocco: 29.5
22. 🇵🇪 Peru: 30.0
23. 🇲🇾 Malaysia: 30.0
24. 🇧🇼 Botswana: 30.1
25. 🇰🇪 Kenya: 30.2
26. 🇧🇷 Brazil: 30.2
27. 🇬🇭 Ghana: 30.9
28. 🇷🇺 Russia: 31.0
29. 🇵🇭 Philippines: 31.0
30. 🇦🇿 Azerbaijan: 31.2
31. 🇳🇬 Nigeria: 31.4
32. 🇰🇿 Kazakhstan: 31.7
33. 🇨🇳 China: 31.7
34. 🇪🇨 Ecuador: 32.6
35. 🇲🇰 North Macedonia: 33.0
36. 🇬🇪 Georgia: 33.4
37. 🇲🇩 Moldova: 34.0
38. 🇹🇭 Thailand: 34.1
39. 🇿🇦 South Africa: 34.5
40. 🇱🇰 Sri Lanka: 34.6
41. 🇧🇦 Bosnia and Herzegovina: 35.0
42. 🇫🇯 Fiji: 35.4
43. 🇲🇺 Mauritius: 37.1
44. 🇿🇼 Zimbabwe: 37.2
45. 🇰🇭 Cambodia: 37.3
46. 🇹🇷 Turkey: 37.4
47. 🇷🇴 Romania: 37.5
48. 🇷🇸 Serbia: 37.7
49. 🇩🇴 Dominican Republic: 37.9
50. 🇧🇬 Bulgaria: 38.3
Sources:
- Numbeo’s Cost of Living Index – Provides up-to-date cost of living data across countries, assessing consumer goods prices (excluding rent) to indicate the relative affordability of living standards worldwide. This index is based on mid-2024 data to reflect current economic conditions and exchange rates, offering a reliable snapshot of cost differences among countries.
- World Population Review – Compiles and publishes reports on the cost of living in various nations, analyzing the economic, social, and geographical factors that influence consumer pricing and living standards worldwide.
- International Living – Provides insights into the affordability of different countries, particularly for expatriates and retirees, by evaluating living expenses, exchange rates, and the costs of essential goods and services.
These sources gather and evaluate cost data from diverse regions, enabling a detailed comparison of living expenses globally and helping readers understand the economic factors that influence affordability.
Note on the Ranking:
This Top 50 ranking of countries by cost of living highlights the most affordable nations worldwide, particularly beneficial for expatriates, budget travelers, and those seeking cost-effective lifestyles. Countries with the lowest costs of living, such as Pakistan, Egypt, and India, feature lower prices on consumer goods, services, and transportation, making them attractive for those looking to stretch their budget. These countries often have favorable exchange rates and access to local produce and goods, which keep overall costs lower than in Western or highly industrialized nations. In contrast, higher-index countries tend to be in regions with stronger currencies, developed infrastructures, and higher standards of living.
