5 cheapest countries in the World to live in
Have you ever dreamt of living in a country where all your living expenses are under $1,000?
Well, if you have, then you’ll be pleased to know that the countries listed below offer exactly that!
This list has been created based on accommodation and living expenses per month, for a single person living on their own.
From countries in the Far East to tropical paradises in Central America, these are the 5 cheapest countries to live in worldwide.
The 5 Cheapest Countries to Live in Worldwide
The list of countries and figures mentioned below have been compiled from various sources around the web, such as Forbes, Wikipedia & Nomad List.
These are the 5 cheapest countries to live in worldwide:
5. Argentina Cost: $542/Month
Coming in at number five on our list is Argentina. A mere $542 a month can get a single person accommodation and living expenses for a whole month in one of the cheapest cities in Argentina, Salta.
Argentina is another Spanish speaking country, located in the southern half of South America.
It borders, Chile, Bolivia, Paraguay, Brazil, Uruguay, the South Atlantic Ocean and the Drake Passage.
Argentina is the eighth-largest country in the world and the second largest after Brazil, with a total population of just over 44 million people and covering a mainland area of 2,780, 400 km².
If you’re considering living in Argentina, as it’s one of the cheapest countries in the world; then you’ll be pleased to know that you can get a one-bedroom apartment for $100 a month, or roughly $27 a night depending on the time of year. This will be located in the city of Salta.
A meal out will cost you approximately $1.70, beer is around $0.80 and coffee is roughly $0.55.
4. Vietnam Cost: $500/Month
Vietnam will cost you all of $500 to live in for an entire month, as it’s one of the cheapest countries in the world by far.
It’s the easternmost country on the South-East Asian Indochinese Peninsula and shares borders with China, Laos and Cambodia.
Vietnam has approximately 95.5 million people living across a total of 331,212 km². Its capital city is Hanoi, but Ho Chi Minh city is its most populated city.
When choosing a place to stay in Vietnam, the cheapest city, Nah Trang, will cost you around $259 a month for a one-bedroom apartment in the city, or $24 a night in an Airbnb.
All your other essentials like food, beer and coffee will cost approximately, $0.58 for a coffee, $0.86 for a beer and $1.73 for a meal out.
There are lots of cheap things to do to keep you busy in Vietnam, and once you’ve been living there for a while, like most places on the list, you’ll probably be able to find even cheaper accommodation and activities.
3. Nepal Cost: $450/Month
Breaking the $500 a month mark is Nepal, which is the third cheapest country to live in worldwide.
Nepal is located in South-East Asia, mainly in the Himalayas, but also includes parts in the Indo-Gangetic Plain.
It has a total current population of 29.3 million people living across a total landmass of 147,181km².
Bordering China and India, Nepal is the forty-eighth largest country by population and the ninety-third largest country by area in the world.
$164 will get you a one-bedroom studio apartment in one of Nepal’s cheapest cities, Pokhara; or you’ll spend approximately $23 a night in an Airbnb.
One beer will cost you around $1, coffee is approximately $0.73 and a meal out can cost around $2.08.
2. Bolivia Cost: $431/Month
Bolivia is a landlocked country, located in the western part of South-America. Its current population is approximately 11.05 million people living across a total area of 1,098,581km².
The capital city of Bolivia is Sucre, and Bolivia is made up of a multiethnic society, including, American Indians, Africans, Asians, Europeans and Mestizos.
Bolivia is the fifth largest country in South America and the 27th largest country in the world.
For those of you that speak Spanish, you’ll be pleased to know that Spanish is the official and predominant language of Bolivia; however, there are also thirty-six other indigenous languages spoken in the country.
A one-bedroom studio apartment in La Paz, one of the cheapest cities in Bolivia, will cost you around $145 a month, or $23 a night in an Airbnb.
Both beer and coffee are around about $1 each, and you certainly won’t break the bank when eating out, as a typical meal will cost you all of $2.
1. Indonesia Cost: $340/Month
The cheapest place to live in, worldwide, is Indonesia. Indonesia, or the Republic of Indonesia, is located between the Indian and Pacific oceans, in South-East Asia.
Home to approximately 17,000 islands, it’s the worlds largest island country and has a total population of 264 million people, which also makes it the worlds 4th most populated country.
There are certain places in Indonesia, like Bali and Jakarta that are more comparable on price to other major western cities around the world.
However, places like Senggigi in Lombok can provide you with accommodation and living expenses for as little as $340 a month.
You’re looking at paying approximately $142 a month for a one-bedroom studio apartment, or $12 a night for a hotel.
The luxury essentials like beer, coffee and coconuts cost as little as $0.89 for a beer, $0.10 for a coconut, $0.71 for coffee and $1.77 for a meal out.
Indonesia is the cheapest country to live in worldwide.
