The Cheapest Countries to Live In, by Published Price Levels

Measured against published price levels rather than crowdsourced estimates, the cheapest countries for an American are India, Nepal, Vietnam and Thailand, where a $2,086 monthly budget behaves like $6,750–$8,772 at home.

Alex Carter · · 5 min read

The twenty cheapest, measured

The multiplier is the honest figure: how far the same money goes against an identical basket of goods.

CountryMultiplier$1,500 becomes$2,086 becomes$3,000 becomes
India4.21x$6,308$8,772$12,615
Nepal3.79x$5,685$7,905$11,369
Viet Nam3.37x$5,062$7,039$10,124
Thailand3.24x$4,854$6,750$9,708
Malaysia3.16x$4,737$6,587$9,474
Indonesia3.11x$4,659$6,479$9,318
Philippines2.76x$4,143$5,761$8,286
Cambodia2.76x$4,134$5,748$8,267
Nicaragua2.69x$4,035$5,611$8,070
Colombia2.64x$3,963$5,511$7,926
Turkiye2.61x$3,920$5,452$7,841
Dominican Republic2.53x$3,796$5,279$7,591
Morocco2.46x$3,693$5,136$7,386
South Africa2.38x$3,570$4,964$7,139
Romania2.24x$3,354$4,664$6,708
Guatemala2.23x$3,351$4,660$6,702
Ecuador2.22x$3,332$4,633$6,663
Serbia2.14x$3,209$4,462$6,418
Brazil2.13x$3,202$4,453$6,404
Albania2.03x$3,046$4,236$6,091

Why this differs from the lists you have read

Most rankings use cost-of-living indexes assembled from people estimating their own spending. Price levels are measured: statistical agencies record actual prices for actual goods, and the results are comparable across countries by construction.

The second difference is that almost every list quietly assumes two people. Fixed costs do not halve when you go alone — a one-bedroom is not half the price of a two-bedroom anywhere.

Cheap is not the same as workable

Three of the countries at the top of this table have no retirement visa, or one that requires capital rather than income. Cheapness decides nothing on its own.

Healthcare separates them further. Thailand runs $106 a year out of pocket with only 9.9% of health spending falling on individuals. Cambodia runs $212 with 60.6% falling on individuals — the same apparent cheapness describing an entirely different situation.

Frequently asked

What is the cheapest country to live in?

By published price levels, India: a $2,086 monthly budget there has the purchasing power of roughly $8,772 at home, a multiplier of 4.21. Nepal, Vietnam, Thailand and Malaysia follow.

Are cost-of-living indexes accurate?

They vary. Many are crowdsourced from people estimating their own spending. Price levels published by statistical agencies measure actual prices for a comparable basket and are the more reliable basis.

Is the cheapest country the best choice?

Rarely. Several of the cheapest countries have no retirement visa route, and the out-of-pocket share of health spending — how exposed you are when a year goes wrong — varies enormously between them.

Other questions

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