However, I can suggest low-cost countries based on objective factors such as cost of living, economic conditions, and other relevant data. The countries I suggested typically have a lower cost of living compared to many other countries, which can make them attractive to people looking to retire or live on a budget. However, it’s important to keep in mind that the cost of living can vary depending on many factors, including the location, lifestyle, and preferences of each individual.
It’s always a good idea to do your own research and make an informed decision based on your personal circumstances.
Here are five of the lowest cost of living countries in the world:
- India – India is a South Asian country known for its rich culture, history, and diverse landscapes. According to Numbeo, the cost of living in India is significantly lower than in most Western countries, with an average monthly cost of living of around $300 to $500 USD, depending on the city.
- Nepal – Nepal is a small landlocked country in South Asia with a rich culture and stunning natural scenery. According to Numbeo, the cost of living in Nepal is even lower than in India, with an average monthly cost of living of around $200 to $300 USD, depending on the city.
- Pakistan – Pakistan is a South Asian country with a diverse culture and history. According to Numbeo, the cost of living in Pakistan is also relatively low, with an average monthly cost of living of around $400 to $600 USD, depending on the city.
- Indonesia – Indonesia is a Southeast Asian country made up of thousands of islands, known for its natural beauty and vibrant culture. According to Numbeo, the cost of living in Indonesia is relatively low, with an average monthly cost of living of around $400 to $700 USD, depending on the city.
- Bangladesh – Bangladesh is a South Asian country known for its rich history and culture. According to Numbeo, the cost of living in Bangladesh is also low, with an average monthly cost of living of around $250 to $450 USD, depending on the city.
- Cambodia – Cambodia is a Southeast Asian country known for its ancient temples, rich culture, and natural beauty. According to Numbeo, the cost of living in Cambodia is relatively low, with an average monthly cost of living of around $500 to $800 USD, depending on the city.
- Egypt – Egypt is a North African country with a rich history and culture, known for its ancient pyramids and stunning natural beauty. According to Numbeo, the cost of living in Egypt is relatively low, with an average monthly cost of living of around $400 to $600 USD, depending on the city.
- Bolivia – Bolivia is a South American country known for its diverse landscapes and indigenous culture. According to Numbeo, the cost of living in Bolivia is relatively low, with an average monthly cost of living of around $500 to $800 USD, depending on the city.
- Ukraine – Ukraine is an Eastern European country with a rich culture and history. According to Numbeo, the cost of living in Ukraine is relatively low, with an average monthly cost of living of around $400 to $600 USD, depending on the city.
- Nicaragua – Nicaragua is a Central American country with a rich culture and stunning natural beauty. According to Numbeo, the cost of living in Nicaragua is relatively low, with an average monthly cost of living of around $500 to $800 USD, depending on the city.
Again, keep in mind that these estimates are based on average costs and can vary depending on the location, lifestyle, and preferences of each individual. It’s always a good idea to do your research and make a budget before moving to a new country.