Cheapest Countries to Live In 2023

Introduction

The cost of living varies significantly from country to country, with some countries being significantly cheaper to live in than others. The cheapest countries in the world are generally located in Asia, Africa, and South America, with a few exceptions in Europe.

Pakistan tops the list of the cheapest countries in the world, with a cost of living index of $294. Sri Lanka and Nepal come in second and third on the list, with cost of living indexes of $316 and $385 respectively.

Several African countries also feature on the list of the cheapest countries in the world. Algeria, Libya, and Tunisia, all located in North Africa, rank in the top ten, with cost of living indexes ranging from $391 to $416. The Gambia, located in West Africa, also features in the top ten, with a cost of living index of $425.

Other notable countries on the list include Kyrgyzstan, located in Central Asia, and Bangladesh, located in South Asia. Ukraine and Moldova, both located in Eastern Europe, also feature on the list, as does Paraguay, located in South America.

Countries by Cost of Living

#	Country	Cost of Living
1	Pakistan	$294
2	Sri Lanka	$316
3	Nepal	$385
4	Algeria	$391
5	Afghanistan	$397
6	Libya	$398
7	India	$416
8	Tunisia	$416
9	Egypt	$418
10	The Gambia	$425
11	Turkey	$428
12	Kyrgyzstan	$441
13	Bangladesh	$448
14	Ukraine	$458
15	Kazakhstan	$475
16	Tajikistan	$491
17	Bhutan	$498
18	Moldova	$501
19	East Timor	$503
20	Syria	$503
21	Comoros	$504
22	South Sudan	$505
23	Burundi	$508
24	Republic of Macedonia	$512
25	Central African Republic	$515
26	Haiti	$515
27	Eritrea	$516
28	Chad	$518
29	Azerbaijan	$522
30	Liberia	$522
31	Papua New Guinea	$524
32	Uzbekistan	$525
33	Yemen	$535
34	Mali	$536
35	Bosnia and Herzegovina	$546
36	Mongolia	$546
37	Colombia	$548
38	Djibouti	$548
39	Republic of the Congo	$550
40	Malawi	$553
41	Paraguay	$555
42	Cameroon	$560
43	Indonesia	$564
44	Malaysia	$574
45	Uganda	$574
46	Argentina	$576
47	Belarus	$581
48	Ghana	$581
49	Morocco	$586
50	Philippines	$587
51	Lesotho	$589
52	Albania	$592
53	Togo	$594
54	Gabon	$606
55	Botswana	$607
56	Kenya	$608
57	Vietnam	$622
58	Nauru	$624
59	Nicaragua	$625
60	Guinea-Bissau	$628
61	Madagascar	$628
62	Mauritius	$629
63	Bulgaria	$639
64	Benin	$645
65	Romania	$650
66	Montenegro	$655
67	Sudan	$657
68	Brazil	$661
69	Rwanda	$664
70	Serbia	$667
71	Peru	$672
72	Burkina Faso	$677
73	Suriname	$679
74	Iraq	$688
75	Bolivia	$703
76	Hungary	$712
77	Mexico	$713
78	Iran	$723
79	Fiji	$725
80	Eswatini	$728
81	Ethiopia	$732
82	Mauritania	$739
83	Thailand	$742
84	Tanzania	$743
85	Sierra Leone	$748
86	Ecuador	$750
87	People's Republic of China	$758
88	Venezuela	$762
89	Honduras	$771
90	Dominican Republic	$791
91	São Tomé and Príncipe	$795
92	Cambodia	$796
93	Somalia	$797
94	Georgia	$812
95	Poland	$814
96	Namibia	$819
97	Myanmar	$822
98	Zimbabwe	$831
99	Jordan	$835
100	Guyana	$838
101	Belize	$840
102	Chile	$840
103	Ivory Coast	$845
104	South Africa	$852
105	El Salvador	$853
106	Lithuania	$859
107	Latvia	$860
108	Saint Vincent and the Grenadines	$863
109	Russia	$868
110	Equatorial Guinea	$871
111	Jamaica	$875
112	Armenia	$884
113	Niger	$885
114	Costa Rica	$893
115	Laos	$894
116	Croatia	$896
117	Guatemala	$910
118	Slovakia	$913
119	Palestine	$916
120	Greece	$919
121	Guinea	$933
122	Senegal	$969
123	Portugal	$977
124	Trinidad and Tobago	$977
125	Taiwan	$981
126	Dominica	$992
127	Zambia	$1,000
128	Democratic Republic of the Congo	$1,001
129	Czech Republic	$1,007
130	Nigeria	$1,008
131	Grenada	$1,012
132	San Marino	$1,018
133	Estonia	$1,019
134	Saudi Arabia	$1,020
135	Panama	$1,040
136	Mozambique	$1,042
137	Saint Lucia	$1,042
138	Slovenia	$1,059
139	South Korea	$1,062
140	Brunei	$1,066
141	Cuba	$1,078
142	Uruguay	$1,090
143	Andorra	$1,104
144	Oman	$1,126
145	Angola	$1,129
146	Spain	$1,141
147	Turkmenistan	$1,159
148	Palau	$1,162
149	Bahrain	$1,171
150	Japan	$1,171
151	Saint Kitts and Nevis	$1,184
152	Maldives	$1,188
153	Cyprus	$1,213
154	Italy	$1,221
155	Lebanon	$1,254
156	Barbados	$1,262
157	Marshall Islands	$1,271
158	Malta	$1,275
159	Kuwait	$1,312
160	Belgium	$1,324
161	Germany	$1,325
162	France	$1,363
163	Seychelles	$1,387
164	Sweden	$1,398
165	Finland	$1,423
166	Austria	$1,467
167	Antigua and Barbuda	$1,546
168	North Korea	$1,554
169	Solomon Islands	$1,577
170	United Arab Emirates	$1,660
171	Denmark	$1,665
172	New Zealand	$1,669
173	Netherlands	$1,680
174	Israel	$1,748
175	United Kingdom	$1,804
176	The Bahamas	$1,809
177	Canada	$1,832
178	Vanuatu	$1,886
179	Qatar	$1,891
180	Norway	$1,892
181	Australia	$1,947
182	Ireland	$1,974
183	Luxembourg	$2,050
184	Iceland	$2,054
185	United States of America	$2,112
186	Liechtenstein	$2,118
187	Singapore	$2,420
188	Switzerland	$2,507
189	Cayman Islands	$2,888
190	Monaco	$3,585

Cheapest Countries to Live In

The ten cheapest countries to live in are Pakistan, Sri Lanka, Nepal, Algeria, Afghanistan, Libya, India, Tunisia, Egypt, and The Gambia. Pakistan is the cheapest country to live in in the world, with a cost of living of $294. Sri Lanka is the second cheapest country to live in, with a cost of living of $316. Nepal ranks third cheapest country to live in, with a cost of living of $385. Algeria comes fourth in the list of cheapest countries to live in, with a cost of living of $391. Afghanistan ranks fifth, with a cost of living of $397. Libya comes sixth, with a cost of living of $398. India ranks seventh cheapest country to live in, with a cost of living of $416. Tunisia comes eighth, with a cost of living of $416, Egypt ranks ninth, with a cost of living of $418, and The Gambia rounds out the top ten cheapest countries to live in, with a cost of living of $425.

Then ten cheapest places to live in the world, in order of the countries with the lowest cost of living, are:

1. Pakistan – $294
2. Sri Lanka – $316
3. Nepal – $385
4. Algeria – $391
5. Afghanistan – $397
6. Libya – $398
7. India – $416
8. Tunisia – $416
9. Egypt – $418
10. The Gambia – $425

Cost of Living by Country

Afghanistan

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Cheapest Countries to Live In 2023 - Wisevoter (2024)

Introduction

Countries by Cost of Living

Cheapest Countries to Live In

Cost of Living by Country

Afghanistan

Albania

Algeria

Andorra

Angola

Antigua and Barbuda

Argentina

Armenia

Australia

Austria

Azerbaijan

Bahrain

Bangladesh

Barbados

Belarus

Belgium

Belize

Benin

Bhutan

Bolivia

Bosnia and Herzegovina

Botswana

Brazil

Brunei

Bulgaria

Burkina Faso

Burundi

Cambodia

Cameroon

Canada

Cayman Islands

Central African Republic

Chad

Chile

Colombia

Comoros

Costa Rica

Croatia

Cuba

Cyprus

Czech Republic

Democratic Republic of the Congo

Denmark

Djibouti

Dominica

Dominican Republic

East Timor

Ecuador

Egypt

El Salvador

Equatorial Guinea

Eritrea

Estonia

Eswatini

Ethiopia

Fiji

Finland

France

Gabon

Georgia

Germany

Ghana

Greece

Grenada

Guatemala

Guinea

Guinea-Bissau

Guyana

Haiti

Honduras

Hungary

Iceland

India

Indonesia

Iran