From time to time, the cost of living in a country will increase, depending on the stability of the country's economy. However, there are still many countries with the cheapest living costs that you can visit or even move to!
This time, we have made a list with 10 countries with the cheapest cost of living, see what these countries are below!
10 Countries with the Cheapest Cost of Living in the World
The cost of living on this list includes the cost of housing, meals, transportation, and entertainment. If you are still curious, please see below are the countries with the cheapest cost of living that you can visit!
1. Thailand
Thailand is indeed famous as a tourist destination for many tourists in the world because of the many attractive and cheap tourist destinations. The average price of food in Bangkok, ranging from IDR 20,000-40,000 only. This is because the wages of workers are not too high, the economy is still developing and the prices of goods and services are not too high! The average cost of living in Thailand ranges from IDR 2,000,000 to IDR 2,500,000! Eits, but it should be noted that the cost of living depends on the city and the lifestyle you live, yes.
2. Bolivia
Bolivia is a small country in South America, bordered by Brazil to the north and east, Paraguay and Argentina to the south, and Chile and Peru to the west. Even though it is on the South American continent, the cost of living in a country surrounded by the Altiplano Mountains is not as expensive as its neighboring countries.
Why is that so? Because there are still many sellers of non-formal goods and services, so the price is not as expensive as its neighboring countries. The cost of living there is more than Rp. 1,500,000 to Rp. 2,500,000.
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3. Nepali
For those of you who want to live in a cool and beautiful mountainous area, Nepal can be your destination to live and live there. The cost of living in this country is low because the purchasing power of the Nepalese population is not very high, and the goods and services offered there are also quite affordable. IDR 1,500,000 to IDR 2,000,000 is enough to live comfortably there every month!
4. Hungary
Who doesn't want to live in Europe? The continent is full of culture and this opportunity must be very attractive for many people to live there. Well, Hungary is a country in Eastern Europe whose cost of living is not as expensive as other European countries. With a range of IDR 4,000,000 to IDR 5,000,000 every month. Even though it's more expensive than the other countries on this list, you can already live comfortably there for that amount of money!
5. Egypt
This country which is famous for its historical tourism has a fairly cheap cost of living, you know! Living and settling in Egypt requires at least a budget of IDR 2,500,000 per month, that includes the price of rooms, food, and access to museums which are one of the attractions of tourism in Egypt. You must know, the price of renting a one bedroom in Cairo is much cheaper than in a big city like New York. Likewise, for other necessities such as food and other consumer goods, it is also much cheaper.
6. Mexico
Mexico is also one of the countries with the cheapest cost of living in the world despite being located on the North American continent. The low cost of living in this country can be seen from the low rents and low prices of consumer goods. In big cities like Merida and Queretaro, the average monthly cost of living is only IDR 3.8 million
7. Georgia
Apart from Hungary, which was previously mentioned, Georgia is also one of the countries in Europe that has the cheapest cost of living. This country offers very low cost of daily necessities and service fees. The cheap and affordable prices of groceries and consumer goods make a monthly expenditure for one person in this country at least only IDR 4.5 million per month.
This is an explanation of the country with the lowest cost of living. If you are interested in moving and living there, it's a good idea to start exploring and managing your personal finances well to further reduce the cost of living that you will have there! Whiz can help you with this thanks to its very helpful and easy-to-use features!
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