Cheapest countries to live in the world | Low cost of living

Are you tired of living in high cost place and wonder if there are cheapest countries to live in this world. The answer is yes. There are places that you will mot need to spend thousands of dollars for a simple accommodation as a single person.

You might also be searching for places to visit after retirement and your budget will not take you to places like New York or Italy which are very expensive. One good thing is that you will find countries here with low cost of living and you will still enjoy lofe there either on vacation or for work.

The criteria for chosen the cheapest countries to live in is the living expenses like cost of accommodation per month and prices of food as a single person.

Now lets get started in knowing cheapest countries to live in either in America, Europe, Asia or Africa. In this list, no order is followed.

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List of Cheapest countries to live in the world

1. Thailand

Travelers all around the world had fallen in love with this Country of Smiles. Cost of living here in Thailand are very low, even in big cities like Bangkok and Chiang Mai. Beach resorts tend to be slightly more expensive but are still cheap compared with other beach resorts around the world.

Thailand is located in the centre of South-East Asia and has 76 provinces and over 513,120km². Thailand has fascinating culture and very tasty food which makes it a place to live and work. Another thing herebis that it is also one of the safest place in the world.

  • Possible jobs: If you want to work in Thailand you might get hospitality or English Teacher jobs
  • Cost of living: It’s possible to live perfectly well on $600 in Chiang Mai, for example.
    • Food: You can find $1 meals at street stalls, markets, and food courts in malls.
    • Accommodation: You can see a comfortable place to live as low as $150 per month .
    • Transportation on a public bus starts at around $0.30.


Mexico is located in the southernmost portion of the United States. population of over 129 million people and Mexico City is its capital and has border with the U.S., the Pacific Ocean, Guatemala, Belize, the Caribbean Sea and the Gulf of Mexico. There are many things to witness like Mayan ruins in the jungle, turquoise Caribbean waters and laid-back beach towns on the Pacific Ocean. Mexican street foods like tacos to tamales, ceviche to aguas frescas, and many more, all are very affordable.

  • Possible jobs:  If you desire to work in this one of the cheapest countries to Live in, you can get employment in Tourism agency, English Teacher or Sales agent.
  • Cost of living: About $587 per month
  • Food starts from $1 per meal,
  • Accommodation: A single bedroom apartment in Queretaro, will cost you around $256 a month
  • Transportation: You can go around with $16 per month

3. Vietnam

So Vietnam is located on the South-East Asian Indochinese Peninsula and shares borders with China, Laos and Cambodia.Vietnam has stunning landscapes to explore, delicious local dishes and is also somewhat of an adventure travel destination. 

Vietnam must come in mind when we talk of Cheapest countries to live in with its approximately 95.5 million people living across a total of 331,212 km² with its capital city is Hanoi, but Ho Chi Minh city is its most populated city. 

  • Possible jobs: Being an English Teacher is one of the lucrative business here and you can be paid about $1000 to $1500.
  • Cost of living: $500 per month
    • Food: You can get local dishes aroud $1 – $3 and when you want western prepared meal, it might cost up to $10
    • Accommodation: You can get a single person room for rent at about $250 per month.
    • Transportation: Transporting yourself for 1km will cost you less than $1

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4. Peru

Citizens see Peru to be the perfect country for you if you want a place to retire and also it’s one of the cheapest countries to live and work!. located in the western part of South America and borders Ecuador, Colombia, Brazil, Bolivia, Chile and the Pacific Ocean.  Here you will spend less compared to other southern American countries thus referred often as among the cheapest countries to live in the world. population of 32.17 million people, spread over a total area of 1,285,216 km² of mostly Catholics.

  • Possible jobs: Tourism, sales person or English Teacher is the most popular jobs.
  • Cost of living: $543 per month
    • Food: $1 to $3 per meal
    • Accommodation: A one bedroom apartment may be $198 to $250 per month
    • Transportation: less than $1

5. Bulgaria

If you have the desire to work and live abroad in Europe but can’t afford expensive places like Italy and France, then think of Bulgaria. Bulgaria is one of the cheapest countries in Europe to live and has quickly become a favorite among many tourist. With low revenue you to live a normal life in Bulgaria. it has a rich heritage of traditional dance, music, costumes, and crafts. It has border with Romania in the north, Serbia and North Macedonia to the west, Greece and Turkey to the south, and the Black Sea to the east. Sofia is the largest and capital city of Bulgaria.

  • Possible jobs: Tourism and Teacher (English)
  • Cost of living: About $560 per month
    • Food: less than $2 per meal
    • Accommodation: A single bedroom apartments can be $200 to $250
    • Transportation: using public transport you can be changed less that $1

Other cheapest countries to live in the world

6. South Africa

In African continent is one of the cheapest countries to live in amd the country is South Africa. Because of its colonization by English speaking country, official language here in South Africa is English.

It has nice infrastructures and the mode of live is almost as that in the western countries which makes it a good place to live and work. Many tourist attractions can be seen here like the safaris and cultural dance and Music.

  • Possible jobs: There are still need for English Teachers since English is not the mother tongue here and Tourism and Media.
  • Cost of living: Less than $1000 per month
    • Food: A meal cost about $8
    • Accommodation: An apartment cost about $350 to $500 per month
    • Transportation: A drop cost less than $6

7. Nepal

Nepal is located in South-East Asia. It has Border with China and India, having a population of 29.3 million people living in a landmass of 147,181km². located mainly in the Himalayas, but also some parts of the Indo-Gangetic Plain. It is the 49th largest country by population and 93rd largest country by area of land.

Nepal has a wonderful biodiversity which makes the different parts experience different seasons. With stable economy which makes it nice place to live in.

  • Possible jobs: Tourism and English Teacher is available to those who want to live and work here.
  • Cost of living: $450 per month
    • Food: A meal cost about $2
    • Accommodation: About $164 per month
    • Transportation: A drop cost less than $5

8. Indonesia ( cheapest countries to live in the world i love)

Republic of Indonesia as it may be called, is located between the Indian and Pacific oceans, in South-East Asia and is the cheapest country to live in the world.  Indonesia has many island of about 17,000, 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. Has a landmass of 1,904,569 square kilometres (735,358 square miles) with Jakarta as capital and over 700 languages and 300 ethic group.

  • possible jobs: English Teacher, business and Agricultural products sales.
  • Cost of living: About $340 per month
    • Food: less than $2 per meal
    • Accommodation: From $140 to $200 per month
    • Transportation: Less than $3 per drop

9. Poland

Poland is one of the cheapest places to live in and work in Europe. The cost of living here is less than its neighbor Germany. Currently, Poland is becoming tourist attraction centre for tourists around the world. Big cities like Warsaw and Krakow are very modern and have all the Western amenities that can make you comfortable.

Poland is located in central Europe covering an area of 312,696 square kilometres (120,733 sq mi), and a population of nearly 38.5 million people. European citizens can travel to Europe without visa.

  • Possible jobs: Apart from Teaching English language, there are other professional jobs around.
  • Cost of living: Less than $650
    • Food: About $1 to $3 per meal in local foods
    • Accommodation: an apartments for single person ia around $350 per month
    • Transportation: you can budget $2 or less

10. Bolivia

Bolivia is located in the western part of South-America and landlocked. population is nearly 11.05 million people with total landmass of 1,098,581km². 

Sucre is the capital city of Bolivia and is made up of a multiethnic communities, such as Americans, Indians, Africans, Asians, Europeans etc. 

Bolivia is the fifth largest country in South America and among cheapest cost of living countries.

  • Possible jobs: You can do business here or other professional jobs.
  • Cost of living: $431
    • Food: A meal cost about $2 or less
    • Accommodation: Ranging from $130 to $170 per month
    • Transportation: Less than $2 per drop

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