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The 10 Cheapest Countries to Live in Worldwide

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Have you ever wondered about the cheapest countries to live, even in condition of the tightest budget?

Worry no more because in the post, we will be dealing with the most cheapest countries to live in worldwide.

Most countries offers high quality living conditions but at a premium cost.

However, they are few exceptions; some countries do also offer a high standard of living with less charges on food, accomodation, internet connections, utilities and so on.

Anyone can live comfortably well in these countries with just $1,000!

Sounds tempting right? But it’s true.

So, the 10 cheapest countries to live in worldwide are:

10. Cambodia

Monthly Cost of Living: $812

Cambodia kicks off the list for the cheapest countries to live in worldwide.

The country is located in the South Eastern part of Asia and borders Vietnam, Gulf of Thailand, Laos and Thailand.

The Asian nation is also known as the Kingdom of Cambodia and measures 181,035 square kilometres (km²) in land mass.

Its capital city – Phnom Penh, host host a greater portion of the country’s 16 Million population.

The cheapest city to live in Cambodia is Sihanoukville; which requires around $246 for an apartment per month.

However, more than 97% of the country’s population practises Buddhism.

The country offers some of Asia’s best delicacies at affordable prices but if you’re planning on visiting, “Riel” (KHR) is Cambodia’s currency so; do well to get some!

9. Thailand

Monthly Cost of Living: $679

Coming in next, Thailand is the next consecutive country from Asia to make the list.

The country is located in the South Eastern part of Asia.

It commands 76 provinces and is officially known as “The Kingdom of Thailand.”

Previously, the Asian country was known as Siam and more so, it is the 50th largest nation in the world with a land capacity measuring more than 513,120 square kilometres (km²).

A one bedroom apartment will cost around $40 a night in an Airbnb.

The country’s capital city is Bangkok while the official legal tender is Thai Baht.

8. Malaysia

Monthly Cost of Living: $588

Coming in next on the list, Malaysia is one of Asia’s most beautiful country.

It is the third consecutive South Eastern Asian Nation on the list.

With as little as $588, one can live a comfortable life in this country.

Bordering Indonesia, Thailand, Vietnam and Singapore, it has a total population of 31.6 million people.

The country is divided into 13 States with three federal regions while its capital city is
Kuala Lumpur.

Malaysia’s total land mass is 330,803km².

About $210 is the standard price for a one bedroom apartment in some of its cheapest cities.

In the general sense, food is very affordable and the living conditions are great!

7. Mexico

Monthly Cost of Living: $587

Heading over to North America, Mexico is the 7th cheapest country to live in the world.

The nation is best known for its proximity to the United States and Pacific Ocean.

The country is the 13th largest in the world with land mass measuring up to 2,000,000 km² .

The legal tender used is Pesos (MXN) while the population is about 129 million people.

Mexico City is the country’s capital where majority of the resorts, restaurant, hotels and sit-outs are located.

A single room apartment cost around $256 a month and eating out here is not costly!

6. Peru

Monthly Cost of Living: $543

Costing a monthly average of $543, Peru is the 6th cheapest country to live in worldwide.

The country is located in the Western province of South America and borders six areas including Brazil, Pacific Ocean and Chile.

The Spanish-speaking nation has a total land Mass measuring up to 1,285,216 km².

Roman Catholic is the predominant religious belief which accounts for the country’s 73.7% population.

A one bedroom apartment cost around $198 a month while a meal out goes around $3.00.

Aside enjoying an affordable lifestyle, the country is known for its quiet and calm way of life.

However, do note that the Peruvian legal tender is Sol (Pen).

5. Argentina

Monthly Cost of Living: $542

Kicking off the top 5 spot on the list, Argentina is one of the cheapest countries to live in worldwide.

The south American country is famous for its quiet, peaceful, culturally rich way of living.

Spanish is the official language and $542 is enough to cover all living expenses in most of its regions.

With a total population of 44 million people, spreading over 2,780, 400 km² land mass, Argentina is the 8th largest country in the world.

A one bedroom apartment cost as little as $100 a month while the combination of meal and bear does not exceed $3.00.

Salta is cheapest city in Argentina but in the general sense, the country is still affordable irrespective of the area.

But before packing your bags, do well to learn a little Spanish!

4. Vietnam

Monthly Cost of Living: $500

Costing as little as $500, Vietnam is the 4th cheapest country to live in worldwide.

It is located in the South Eastern part of Asia and is sorounded by Laos, Cambodia and China.

The country’s capital city is Hanoi and the country is rich in cultural activities that won’t leave much space for an idle lifestyle.

Ho Chi Minh is the country’s most populated city while Nah Trang is the cheapest place to stay – one bedroom apartment cost as little as $259.

However, one can find cheaper accomodation but this can only happen once you settle in.

3. Nepal

Monthly Cost of Living: $450

Starting off the top three spot on the list, Nepal is one of the cheapest countries to live in the world.

Nepal is located in the South Eastern region of Asia and is blessed with a population of 29.3 million people.

$164 is the cost of renting an apartment in the country’s most cheapest city, Pokhara.

With a total land area measuring up to 147,181km², it is the 93th largest country in the world.

Nepal is rich in assorted delicacies which comes cheap; costing around $2.08 per meal.

Also, they are lots of other cheaper options available which varies with location and deal.

2. Bolivia

Monthly Cost of Living: $431

Missing the top spot on the list, Bolivia is the second most expensive country to live in worldwide.

It is a landlocked country with a population of 11.05 million spreading across its 1,098,581km² land mass.

The South American country has its capital located in Sucre and it’s the 5th largest country in the South American province.

The country is multi-ethnic in the cultural capacity and has Europeans, Indians Mestizos, American and Africans living across its entire 1,098,581km² land mass.

Even though Spanish is the official language, they are over 36 languages spoken in the nation.

A one bedroom apartment in La Paz costs around $145 a month and $2 is enough for eating out.

This country is a good option for people looking for cultural diversity and heritage.

1. Indonesia

Monthly Cost of Living: $340

Indonesia is the cheapest country to live in worldwide.

The South Eastern Asian country parades up to 17,000 islands.

Also known as the Republic of Indonesia, the country boosts of an incredible 264 million population.

In the world, it is the 4th most populated and is known to be one of the leading Power House in Asia.

Some areas in Bali, Jakarta and Lombok costs as little as $340 for monthly accomodation including feeding, bills, utilities and other personal expenditures.

A one bedroom apartment cost about $142 in most cities and eating out is very cheap; going for as little as $1.77.

So, even if you are on the most tightest budget, Indonesia will do!

Conclusion

That was all on the 10 cheapest countries to live in Worldwide.

If you’re on a budget, this country offers living standards that may fit your pocket.

Some of these countries offers best living conditions despite coming cheap.

Which is your favourite among the countries?

Before rounding off the list for the Cheapest countries to live in worldwide, let’s take a quick look at the summary:

S/NCountryMonthly Cost of Living
1.Indonesia$340
2.Bolivia$431
3.Nepal$450
4.Vietnam$500
5.Argentina$542
6.Peru$543
7.Mexico$587
8.Malaysia$588
9.Thailand$679
10.Cambodia$812

Princewill Ubaha is an electrical engineer by profession, a content writer by perspiration, and an Akwa Ibomite by birth. He always believed that the habit of persistence is the habit of victory.

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