Human life is filled with the quest of finding the right place to live. Living life to its fullest is the most followed motto by a lot of adventure-seeking people out there. As average Humans, we have that particular tendency to live life with many positives and luxury. Well, if not all of us, most of us would love to live a life that is comforting and filled with adventures at the same time. Some of us are just looking for a place to survive.
Human nature has developed a lot of expectations for the overall livelihood of Humans. Anyone in this world possesses the power to wish their choice of place, they can wish to live in their favorite locations. But the only thing which stops their wish from transforming into reality is Money. One is always restricted by this term when they wish to do something which they desire. This is one of the reasons why most of us are on our very own trails to chase money throughout our lives.
Coming back to the topic, people forget about the fortunate sides of living when they are restricted to living in their favorite places. The world is filled with a lot of locations which has a lot of unique features which beautify themselves in their very particular way. Some of them are the cheapest countries to live in. Thus, this article gives nearly about 14 location answers to the question of Where is the cheapest place to live in the world. Thus let us jump into the topic and know more about its related aspects without any further delay.
1) Where is the Cheapest Place to Live in the World- The Answer
One who plans to live their life efficiently by calculating the cost of living and by vesting themselves with adequate financial plans will live their lives to the fullest. They are the ones who will be able to enjoy a relaxed lifestyle. If you are a person who wants to move abroad, you must have the qualities of the so-called smart one. Thus, take a look at these cheapest countries available abroad to start your quest to experience your life to the fullest efficiently.
1.1) Afghanistan
The country of Afghanistan is quite famous for its ability to provide a livelihood that seems to be way cheaper than a lot of countries on this list. This enables Afghan to become the cheapest country available in the world. The country is currently facing some of its hardest times due to political instability in the year 2022. It is expected to get back on its feet anytime soon. Afghanistan has a lot of exciting job opportunities as well. The country is facing concentrated poverty in its rural areas, but they are currently seeing a slow progression as well.
Shinde and Kholm are some of the best areas to settle in submissively. Its capital city named Kabul might offer your a lot of chances towards your growth as well.
1.2) Vietnam
Vietnam is a developing country that has delivered a lot of promising results lately. Vietnam was famous for manufacturing arms during the periods of the 19th century. Soon they started to overcome their status of being the most influenced country by the concept of Communism. Well, all of it had turned into history. Vietnam is currently known as a cheap country with a rich culture. People can save money with the cost of living available here.
Vietnam is also one of the locations for most of the modern up-classed retirees to spend their retirement life peacefully without any financial insecurity. It also turns out to be a good spot to run a business that is mostly related to primary produce.
1.3) Pakistan
Officially known as the Islamic Republic of Pakistan, Pakistan is known to be the fifth most populous country available in the whole world. It has a similar economy to that of its early neighbor, India, with which it shares a bond of formation. Pakistan has turned into a powerhouse of development for currently undergoing modernization. It is one of the cheapest countries to live in with a wide spread of opportunities made available throughout its region.
Just like other cheapest countries in existence, Pakistan tends to face troubles like poverty and widespread illiteracy which is worked upon every minute of it. When the problems are eradicated, they will soon turn out to become the Mini-land of opportunities next. Islamabad might be the best place to get the optimal cost of living with the fullest cultural experiences.
1.4) Portugal
Having a rich origin of culture and wealth, the country of Portugal is a gem to live in. It has a lot of locations that need severe exploration. It is a land filled with a lot of exciting and thrill-seeking opportunities. The overall ambiance of Portugal is a gift to the eyes of the ones seeking to settle their lives in an adventurous manner. Portugal has become the most active ex-pat community.
Braga, Viseu, Torres Vedras, and Faro are some of the cheapest places to visit in Portugal. The country owns a lot of beautiful beaches for lovers of nature as well.
1.5) India
Standing as the most populated democracy in the entire world, India stands as one of the cheapest countries available in existence. Covered by the Indian Ocean and the Arabian Sea, the land of India has overcome a lot of improvements since its independence. It has a rich culture and you can even spot a lot of ancient temples here and there. They stand as one of the most important importers of raw materials in many industries. India was once called the most famous consumer country in the world.
It is currently the top most outsource offering country which provides opportunities to youngsters. Places like Mumbai and Hyderabad are some of the best places available in India to explore opportunities.
1.6) Mexico
Filled with a lot of stunning beaches, Mexico stands as one of the cheapest places to live. The Latin American culture is unique and interesting to follow up on as well. Mexico is one of the new countries which has slowly evolved into the state of becoming the most favorite country of foreigners. The country is filled with lively cities and beautiful locations to explore.
The land of Mexico is also rich in culture and heritage. Some of its neighboring locations include Cuba, Honduras, Belize, and Guatemala. Mexico has seen a lot of political instability in the past century. But now, it has become the most favorite country in the whole of South America.
1.7) Malaysia
The country of Malaysia has a mixed origin which associates with a lot of other countries. It has a mixed ethnicity rate as well. Malaysia possesses a lot of lively as well as submissive locations as well. It is one of the most affordable countries in the whole world. It has become a popular ex-pat destination for the community who are looking to settle in with a vision of growth and prosperity. Kuala Lumpur, George town, and Johar are some of the must-visit places available in Malaysia for now.
1.8) Costa Rica
Costa Rica is famous for its adventurous ambiance. The lands of Costa Rica are filled with beautiful spots which serve as the best vacation places for a lot of people to settle in after their retirement. Costa Rica has a silent government system that is not faced with a lot of issues, making life peaceful there. In addition to this, the place is also considered to be the favorite of Nature Lovers and Adventure Seekers as well. Playa Hermosa and Tamarindo are some of the best places to start with.
1.9) Indonesia
The world’s largest Archipelagic state in existence, Indonesia stands as one of the best answers to the question of where is the cheapest places to live in the world. Indonesia is filled with a lot of room for development. It has green lavishing fields as well as bustling cities. In addition to this, it is a country rich in culture as well. You will be exposed to a wide range of experiences when you settle in the country of Indonesia. Seminyak and Jakarta are some of the best places to settle and live in Indonesia.
1.10) The Philippines
The country of Philippines stands as one of the cheapest Asian countries to live in this century due to its developing nature. It is still one of the best countries to live in Southeast Asia. Such Asian countries are very popular for offering the tastiest of street food and shelter which is super cheap as well.
A single person can enjoy his life to the fullest if he is let loose in this country. It is because services from A to Z are offered at very low prices here. There are a lot of exotic destinations which is a must-visit for most visitors to Indonesia. The cities of Cebu and Manila are some of the best cities to begin exploring.
1.11) South Africa
South Africa is the southernmost tip of the African Continent. The country has a well-blended ethnicity with rich culture and heritage. South Africa is a well-developed country with a history that is well focused on the concept of growth and progress. It is currently famous for its modern cities and natural scenery. It has a beautiful side of wildlife and vegetation as well.
It is at times known for its ambiance which enriches the experience of people to enjoy life. Some of the most famous spots to visit in South America are namely Cape Town, Cape St. Francis, and so on. Cape town houses some of the best seaside communities in the country.
1.12) Bulgaria
This small country in South Eastern Europe is one of the many countries where most of the amenities are provided at super cheap rates. The land of Bulgaria is filled with a lot of monuments and cultural exhibits. They have a rich history involving blood and war with kingdoms. They have also had their fair share of twists in politics. It has some of the best upscale towns in existence. Bulgaria is considered to be the poorest nation in the European Union, which is expected to stand on its feet over time. Sofia, the bustling city of Bulgaria which is also its capital city is one of the best places to start with.
1.13) Ecuador
Ecuador or simply known as the Republic of Ecuador is known to be one of the cheapest countries to live in. It also proves to be one of the cheaper countries which have abundant nature. Ecuador has a lot of coastal cities to the liking of many tourists and foreign retirees as well. Some of the main cities in Ecuador include Quito and Cuenca. It is one of the cheapest places to live in due to the sole purpose of it offering typical meals and necessities at a low cost for a country with such a look and background. It is one of the affordable countries for old retirees with health issues.
1.14) Nepal
This South Asian country is one of the developing nations in the whole world. The country comprises a lot of people who are majorly involved in the primary and the services sector alone. They are a nation that gives ready and true importance to agriculture and other related primary production activity. Retirees and young people who are looking for a promising change in their lives at a low cost but with a rich experience can visit Nepal. You can start exploring the regions of Kathmandu and Pokhara in the beginning.
2) The Quest for Settling in
A lot of people have a powerful desire to live in their dream locations. They have this particular habit of searching for their favorite places, without considering the factor called the cost of living. This concept of cost of living tells a person how hard it will be for him to survive and live a life in that particular place in terms of money. Yes, money plays a very vital role in our lives and it has a powerful influence over the place you want to settle in.
If you are a rich person, you can live anywhere in this world according to your wish. But in the case of an average, there are certain things or points to take a look at before deciding on settling in that particular space. Cost of living is the most influential factor which has the power to alter your settling decision within a split second. For instance, a person from a normal background wishes to live in Dubai, but after taking the cost of living into consideration, he might either decide to get his financials strong or to seek help from someone for his settlement.
Now the smart one won’t do this. Instead, they calculate their expected cost of living and if it is huge in numbers, they shift to a nearby location that has a lower cost of living till they become financially confident to move into their dream place. Let us take a look at the cheapest places to live in the world and later, dive deep into this concept of living costs furthermore.
3) Cost of Living
Countries in our world vary a lot when it comes to the concept of cost of living. It includes factors like the costs which a person will incur in that particular area when he settles in, the likelihood of the cost to either rise or decrease over time, and so on.
Money is the key player here. The term itself is associated with money with its word ‘Cost‘. This cost of living will tend to rise when the area itself sees a lot of progressions. For example, the cost of living in a place will be expected to rise when the place sees a lot of infrastructural and cultural development as well. It is truly not about the terrain, it is about how much value is added to it through the help of Human activity.
When you decide to live abroad, it is one of your essential activities to calculate the cost of living in that particular place. It won’t be a problem when you are backed up financially. But the ones who are insecure about their finances and have not planned a proper financial plan will tend to face a lot of problems in the future. The person is expected to have strong purchasing power.
It is the amount of money that is available for the person to increase his range of spending. This is indirectly associated with the fact that he must have a salary that must meet at least his least essential needs.
Shifting from places without calculating the cost of living can turn out to be quite a dangerous move and the dream to live abroad may be regretted later on.
Now, let us look at some of the most expensive countries available in the world which require a lot of purchasing power and a higher living cost for proper living.
3.1) Bermuda
This British Overseas Territory seems to be the most expensive country in existence. It is an archipelago that has about 181 islands filled with a lot of unique and rich features. Those were built by the renowned people of the British land to enjoy their lives later on. Bermuda comprises a lot of European Whites, Blacks, and even immigrants from the West Indies, who had worked their way towards building the economy of Bermuda.
3.2) Monaco
One of the most reputed countries in the European continent, Monaco stands as one of such powerful countries which requires a very high purchasing power. It has the highest cost of living according to some of the world population reviewers. It includes a lot of social groups which naturally own a powerful background. It proves to be one of the vacation countries for all the rich and powerful retirees to settle in after reaching the end of their successful financial journeys.
3.3) Switzerland
Considered to be the most developed country of the past decade, Switzerland stands strong with its vital resources and powerful sectors of activity, making it an invincible entity that doesn’t fall prone to an economic crisis. Switzerland is considered to shelter a lot of wealthy people who enjoy their lavish lifestyles.
3.4) Ireland
Comprising two major portions namely the Republic of Ireland and Northern Ireland, it poses as one of the countries with a higher cost of living and purchasing power. Ireland is filled with lavishing vegetation as well as a very healthy and growing economy which seems to expect an uptrend shortly.
3.5) Liechtenstein
Located near the Great Alps, this European microstate is a submissive region that has a steady flow of activity which are humble. All of its actions are considered to be normal. But when looked at with a lot of precision and focus, you can notice its growth over time. Liechtenstein has been of the particular countries which have seen a significant change in its growth, which has made its cost of living a lot higher than expected.
There are a lot of countries with powerful purchasing power and high rates of cost of living. Such countries always tend to rise largely in numbers when they are fueled with the best performance given by their citizens which has led to their growth and will also progress them shortly. The list doesn’t end here. Your country could also become one of the most expensive countries on this list.
4) Find your Destination!
The world is a very exciting place to live. Filled with wonders and excitement, traditions, and cultures. The concept of living our lives to the fullest must be bought by every individual out there to promote an overall optimism in humanity. Money shouldn’t be a factor in restricting the experiences which you deserve. But when it does so, you can still find your way abroad by researching more about these countries stated above.
The article has covered almost every basic and possible country for people who are looking to go abroad just to settle in with a decent lifestyle that is not so lavish. Hope this article has helped you in finding your optimal destination! Check out some of the Best Low-Cost Countries in the World presented to you by Icy tales.
Last Updated on by ritukhare