Living in a new city and country is everyone’s dream, and this article is for those who want to live and work in the cheapest countries in the world.
So, Let’s see what 21 cheapest countries are there to live and work in:
21 Cheapest Countries to Live and Work
| Countries | Continents |
| 21. Spain | Southwestern Europe |
| 20. Peru | South America |
| 19. the Philippines | Asia |
| 18. Poland | Europe |
| 17. Mexico | North America |
| 16. Georgia | The intersection of Eastern Europe and Western Asia |
| 15. Malaysia | Asia |
| 14. The Czech Republic | Europe |
| 13. China | Asia |
| 12. India | Asia |
| 11. Malawi | Africa |
| 10. Pakistan | Asia |
| 9. Bulgaria | Europe |
| 8. Thailand | Asia |
| 7. Cambodia | Asia |
| 6. South Africa | Africa |
| 5. Ecuador | South America |
| 4. Bolivia | South America |
| 3. Sri Lanka | Asia |
| 2. Kyrgyzstan | Asia |
| 1. Vietnam | Asia |
21. Spain
Compared to other European countries, Spain has a lower cost of living. The price varies according to location and city.
Some cities are more expensive than others, such as Barcelona and Madrid, while others are affordable.
Because the country is pretty big and has a lot of lands, that’s why real estate prices are low.
Also, remember that Spain produces a significant amount of its food and wine, so housing and food are inexpensive, and fuel costs are also low.
20. Peru
Peru is on the list because it has a low cost of living.
Along with the groceries and affordable restaurants and bars, the tax is also low, which benefits people to live there and work without breaking the bank.
Regarding accommodation, they are 80% less than the United Kingdom and the United States.
Along with work, you can also easily visit the places as taxi costs are cheap, and there are affordable local minuses known as combis which take only 50 cents to travel.
The country might surprise you with its low cost of living.
19. the Philippines
The Philippines is generally considered to have a low cost of living.
Housing, utilities, food, healthcare, and taxes can be covered with a budget of $800 to $1200 per month.
For Americans, the Philippines is a popular retirement destination.
Not only for retirees but also for its pleasant weather and friendly people, this is the ideal place to live.
Though the cost of living is affordable, it is complicated to obtain a foreigner as unemployment rates are high.
So, in the future, after retirement, if you want a comfortable lifestyle, then the Philippines is the ideal place.
18. Poland
Poland is situated in the heart of Europe. Despite its strategic location, its cost of living is not too costly.
The pricing is very reasonable for everything, such as rent, utility bills, and internet.
For instance, even if you earn $1100 per month or lower, you can pay the expenses easily.
And If we talk about employment, you can consider living in Poland because many speak English, and companies are always looking for English, French and German speakers.
17. Mexico
If you want to live close to the States and have a lower cost of living, you should consider Mexico because it is one of the best places to live, and the people there are very nice to one another.
Living expenses vary greatly depending on where you live. Some cities are more expensive, while others are more affordable.
It would be best to consider the Mexican government’s provision of a utility subsidy that covers 54% of the cost for users.
16. Georgia
The country is diverse in terms of culture, history, and natural beauty.
As a result, it is an ideal destination and an affordable place to live in terms of living costs.
Many people relocate to Georgia because of its pleasant climate, and the length of visas is very generous.
Tbilisi, Georgia’s capital city, has a low cost of living compared to other cities, particularly in the housing market.
Because it is the capital city, you can explore your business at a low cost.
15. Malaysia
Malaysia is a popular migration destination because it is a far-flung adventure and a beautiful country with many natural wonders to discover.
There are numerous job opportunities available, as well as reasonable living costs.
If you earn between RM 3500 and 4000 per month, you can live comfortably and worry-free and treat yourself to fine dining.
In terms of housing, you can easily find an apartment for RM 2000 per month, so you may want to consider Malaysia if you’re going to advance your career.
14. The Czech Republic
If you want to live in Europe, the Czech Republic could be one of the best places to live and work.
It is also ranked 26th as the cheapest country for consumer electronics, so you can live in the country if you want to start a business in the electronic ranking.
Along with the electronic product, transportation costs are also reduced. So you won’t have any problems with transportation costs.
13. China
Besides the recreation facility, the living cost in China is lower than in the United States and Western European countries.
Housing is reasonably priced, and as well transportation is inexpensive and easily accessible at the same time.
But the health care facility can be different from location to location.
If you’re thinking of moving, China has majority votes among the immigrants as the culture is alive and cities are teeming with activity.
12. India
India is also ranked as one of the cheapest countries in the world to live in.
The cost of living is pretty low, such as food, clothing, and the busiest cities like New Delhi, Mumbai, and Bangalore also offer good salaries, allowing people from outside the country to earn decently.
It depends on how you live your life as it can be expensive if you spend a lot.
11. Malawi
Although Malawi is a small country, there are opportunities to start a career and live there because it is one of the most affordable places.
One of the benefits of living in Malawi is that the housing is reasonably priced.
Immigrants can settle in spacious houses with large gardens at a cost comparable to renting a House in a European city.
Along with housing, basic products for survival, such as groceries, can be found reasonably priced.
However, living in Malawi has its drawbacks, such as the lack of development in many parts of the country, which limits the availability of basic facilities such as hospitals, poor road networks, and other amenities.
10. Pakistan
Pakistan is one of the most affordable countries to live in.
GoBankingRates metrics such as the rent index, local purchasing power index, consumer price index, groceries index, and information complies. It is the most affordable country.
To work legally there, you must have a working visa that meets the job requirements, and multiple entries are not permitted in Pakistan.
9. Bulgaria
Bulgaria is one of the cheapest countries in the European Union and is very affordable to live in.
However, costs vary greatly from town to town.
One of the benefits of living in Bulgaria is that buses, trolley buses, and tram tickets are the same and can be purchased conveniently at kiosks or near the bus station.
With its popularity of affordable lifestyle, most young professionals are moving to Bulgaria.
8. Thailand
Thailand has gorgeous weather. Along with its pleasant climate, the cost of living is around 60 percent less than that of the United States.
Similarly, it is 15 to 30 percent less than any other country in Asia.
Thailand is a cosmopolitan country with a low cost of living and rising business prospects, and it attracts migrants from all over the world.
7. Cambodia
Cambodia should be on the list when you plan to live in a country with a low cost of food and accommodation.
It is one of the most affordable countries in Southern Asia, where one can live and work.
Even if the cost is low, the quality and standard of living remain positively high, and it is surrounded by the friendliest people who make work easy and fun simultaneously.
6. South Africa
South Africa is considered the cheapest compared to other European, Asia, and North American countries.
If talking about the general cost of living is far lower than that of most large cities worldwide.
For instance, the price of having a beer and dining at five-star restaurants can be as much as 50% less than in Europe.
Along with it, clothing and other consumer goods are also somewhat cheaper.
5. Ecuador
Ecuador is one of the most affordable countries to move to. For example, the cost of real estate or hiring a maid can be inexpensive than in any other country.
As for the average daily cost, it costs around $51 per day to survive, which is very reasonable than any other country.
4. Bolivia
Bolivia is another destination that people consider moving to, especially retired couples. One can have a decent life in the country with $1,500 per month.
Even the most expensive cities in Bolivia are significantly less costly than any other North America.
If talking about work, Bolivia has a diverse range of business and work opportunities that attract today’s generation.
3. Sri Lanka
It has ranked among the top two cheapest countries in the world to live and work in, while being culturally rich and diverse in its offerings.
It is known as the “Pearl of the Indian Ocean.”
The cost of living is 1.66 times lower than the worldwide average, making it an excellent place to live and work if you want to save money.
It is also one of the most beautiful countries in the world.
2. Kyrgyzstan
Compared to other international destinations, the cost of living in Kyrgyzstan is relatively low.
Living here can save some of your money, and working for a large international organization can offer a western-level salary, which translates to a large sum.
Daily expenses are reasonably priced, too, such as food, which is inexpensive, and utilities, which are subsidized.
Even real estate is significantly less expensive.
1. Vietnam
A long way to end. Vietnam topped the list and remained at position 1 as the most affordable and cheapest place to live and work.
Whoever is looking to build a career, then it is best to move to Vietnam.
Similarly, food and drink prices and the overall cost of living are low.
The upscale restaurants, as well as dining temples, are extremely inexpensive when compared to foreign costs.
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