The 10 cheapest countries to live in.

Looking for a cheap place to live?

If you are like me, and the average American.  You’re finding your paycheck just isn’t going as far as it used to.   A cheaper place to live might be the solution.  I found the 10 countries with the lowest cost of living.  Now these are the cheapest countries to live in around the world.  Note: these are NOT the 10 best countries to live on a budget.

What if you could make each dollar go 2 to 3 times further? 

What if you could find a nice place to live, that would let you live like a king or queen on an average Joe’s, salary or retirement?

What if your dream life only cost $2000, $1500, $1000, or even $850 per month?

 The top 10 cheapest countries to live in.

Nepal is the cheapest country to live in
Nepal is the cheapest country to live in

#1 Nepal

In Nepal your $1 would be worth $3.24 in buying power.  That means the typical American household with a median income of $50.054 would have the buying power of $162,175 in income.  What would your life be like if you got an instant raise like that?  Let’s put it another way, the average American family would only need to earn only $15,449 per year to live with the same lifestyle.  That’s only $1,287 per month.

You could live a decent life for as little as $600 per month or $900 to $1200 per month for a couple.  $2000 per month would allow you to live very, very well with, maid service, a cook, etc…

#2 India

In India your $1 will buy $3.23 worth of stuff.  Yep, a median American of income would be like bringing home $161,674 per year.  Not bad, and to live like you do in the States will only cost you $15,497 per year.

#3 Pakistan

In Pakistan your $1 will stretch to $3.10.  The median American income of $50,054 would equal an income of $155,167 per year, and to live a similar lifestyle in Pakistan would only cost $16,146 per year.

Egypt is the cheapest place in Africa to live
Egypt is the cheapest place in Africa to live.

#4 Egypt

In Egypt your dollar will get you $2.51 worth of prize possessions.  A take home income of $50,054 will be like making $125,636 in the States.  To live like an average Joe in Egypt you only need $19,942 per year.

#5 Algeria

In Algeria a dollar is worth $2.41 in buying power and a median American income would be like earning a paycheck of $120,630 per year.  I would only cost you $20,769 per year to live like the median American household.

#6 Bangladesh

In Bangladesh a dollar is worth $2.41 in buying power and a median American income would be like earning a paycheck of $120,630per year.  I would only cost you $20,769 per year to live like the median American household.  Look familiar?  Bangladesh and Algeria have the exact same cost of living, but Algeria starts with an “A” so it, of course, wins.

Moldova the cheapest country in Eastern Europe to live
Moldova the cheapest country in Eastern Europe.

#7 Moldova

In Moldova your $1 would be worth $2.39 in buying power.  That means the average American with a median income of $50,054 would have the buying power of $119,629 in income.  The average American would only need to earn only $20,943 per year to live with the same lifestyle.

#8 Tunisia

In Tunisia your $1 will buy $2.33 worth of stuff.  A median American of income would be like bringing home $116,626 per year.  To live like you do in the States will only cost you $21,482 per year.

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#9 Philippines

In the Philippines your $1 will stretch to $2.24.  The median American income of $50,054 would equal an income of $112,121 per year, and to live a similar lifestyle in the Philippines would only cost $22,346 per year.

Macedonia one of the cheapest countries to live in.
Macedonia one of the cheapest countries to live in.

#10 Macedonia

Finally, in Macedonia your dollar will get you $2.51 worth of prize possessions.  A take home income of $50,054 will be like making $111,120 in the States.  To live like an average Joe in Egypt you only need $22,540 per year, or only $1879 per month.  Giving a realistic budget of as low as $800 for a single person and $1200-$1600 for a family with $2500 per month giving you an excellent lifestyle.

Not the best but the cheapest places to live.

Again, these are not the best places to live on a budget these are the cheapest countries to live in based only on cost of living.

These rankings are based on estimated cost of living figured from consumer price index and rent index figures provided by Numbeo.com.

So what does this mean to me?

Well.

How much is your retirement?

How much could you earn online?

Can you live like a king or queen on a poor man’s paycheck?  You bet you can!

I used the median American income for comparison here, so 50% of the population in the U.S. makes less then this amount and are able to survive.  My own expenses in San Marcos, Texas were only $2,100 per month or $25,200 for a two bedroom apartment, utilities, transportation, food, and fun, for 3 people.  That means in India a nation on my short list of nations we want to visit I would only need $7,801 per year.

I also know that I used average and median, and that they are two different things, not the same etc…,  If I used them wrong, I don’t care,  I wrote this post, o.k.

Of these top 10 cheapest some are also great places to live.  Our 10 best countries to live on a budget will tell you what the 10 best countries to live in on $2000 or less per month.

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