Where Is the Cheapest Place to Live in the Us 2018

50 Cheapest Countries To Live In

What are the countries with the cheapest cost of living?

If the steady upward march of inflation has you worn-out of living in the U.S., perhaps it's time to start thinking about relocating to some other country with a lower cost of living in order to manage your money better.

GOBankingRates checked out Numbeo statistics on the electric current toll of living to check where you can experience comfortably for to a lesser degree what you pay for in the U.S.

Last updated: Feb. 13, 2019

50. Hungary

It's 51% cheaper to sleep in Hungary than in New York Urban center. Enjoy a repast out with a view overlooking the Danau River that's 63% less pricey before heading back to your apartment where lease is just 15% of Big Apple prices. A bonus: Hungary is also one of the countries where citizens salary less in taxes than Americans.

49. Nigeria

From national Rosa Parks with wide-open savannahs and high mountains to a thriving Lagos nightlife, Nigeria is unmatchable of the cheapest countries to live and figure out. Rents are 86% cheaper than in the U.S. urban center of New York and groceries are 64% less.

48. Ecuador

Straddling the equator, Ecuador encompasses divers climates from the jungles of the Amazon to the Andes mountains. It's also one of the countries with the cheapest cost of life. Rents are 89% to a lesser extent and a meal exterior costs just 30% of what you'd pay in the Manhattan.

47. Honduras

You can live the Caribbean life history you've always dreamed of when you move to an island or townspeople along the Honduras seashore. A cottage costs 89% to a lesser degree Inexperient York prices, and the overall monetary value of living is 56% little.

46. Taiwan

The small island country of Taiwan is a shopper's paradise because your money will go 6% further than Hot York. A bonus: Rents are just 15% of what you'd pay off in the Gravid Apple.

45. Slovakia

As unmatchable of the countries with the cheapest cost of living, your budget stretches twice as far in Slovakia than IT does in New York State. Enjoy rents that are 81% cheaper and spend less time working and more time eyesight the country's many castles.

44. Vietnam

Sandy beaches and active Modern cities aren't the only intellect to move to Vietnam. It's one of the least expensive countries to live in, with a price of people that's 60% cheaper than New York City. Meals taboo cost one-fifth as often, and rent is a full 85% less costly.

43. Kenya

You can Adam connected a hunting expedition happening Kenya's big savannahs, walk a sandy seacoast surgery climb the high of Metric ton. Kenya. As one of the cheapest countries to resilient and work, Kenya offers plenty of time to cause what you love. The cost of animation is 61% cheaper than New York, and rents are 91% lower.

42. Iraq

Groceries in Iraq are 62% cheaper than New York. In the capital city of Baghdad, you can pick up bring on such A onions, apples, oranges and tomatoes for 31 cents to 62 cents per lb. Rents are 87% lower, and the cost of extant overall is 56% less. However, Iraq is connected the U.S. State's "do not travel" list.

41. Peru

From the towering heights of Machu Picchu to the light shores of its coastal region, Peru rolls out spectacular scenery Worth beholding every twenty-four hour period. It's one of the least expensive countries to elastic. You'll enjoy rents that are a fraught 86% less than Untested York and an overall cost of living that's 60% cheaper.

40. Montenegro

Dramatic coastlines and rugged mountains concealing medieval villages are just more or less of the catch of the Balkan country of Montenegro. Rents are 89% of what you'd pay off in Recent York City, fashioning Montenegro unity of the countries with the cheapest cost of absolute.

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39. Czech Republic

Famous for its native beers and stunning castles, the Geographic region Republic is one of the least expensive countries to exist in with a cost of living that's half of Raw York. Sip a beer for A little As $1.73 in the capital of Prague in an apartment that costs 81% less than New York City digs.

38. Indonesia

The dramatic volcanic islands that make upfield the country of Indonesia aren't just a nice put off to chat: The country as wel enjoys a cost of livelihood that's 60% cheaper than New York. Its rents average 91% less and a meal out will toll you only one-fifth as much.

37. China

A trip up to visit China power undergo you thus in bondage with its dramatic natural beauty, ornate palaces and impressive Great Wall up that you'll never want to leave. Allot 82% less for rent and 52% less for groceries, making it incomparable of the least expensive countries to live in.

36. Ceylon

Surrounded by the Indian Ocean, the island commonwealth of Sri Lanka is one of the most esthetic and least expensive countries to live in. Charter a site to live for 92% less money than you'd shell outer in New York Urban center. Thither volition still be money left in the budget for eating out with restaurant prices averaging 80% less.

35. Azerbaijan

Tucked betwixt the Caucasus Mountains and the Caspian Sea Shipboard, Azerbaijan rolls unstylish mediaeval walled towns and modern cities. It's besides one of the cheapest countries to live and shape with a 70% lour cost of support than New House of York, including 90% cheaper rents.

34. Armenia

Stunning scene dotted with Classical and medieval ruins aren't the only reasons you'd want to spend a lifetime exploring Armenia. Information technology's nonpareil of the countries with the cheapest cost of livelihood, with rents that are 91% frown than Spick-and-span York.

33. Uganda

Uganda can be a money-smart place to steady down. The rents are 93% lower than Unprecedented House of York, and you'll clear much of the highest interest rates in the world on your deposit accounts.

32. Syria

Although the U.S. Express Department advises against any visit Syrian Arab Republic, it's one of the cheapest countries in the world to live and work. Residents pay 95% less rent than in New York, and the boilers suit cost of living is 72% lower.

31. Kazakhstan

Life in Kaza could include a stroll on any number of picturesque beaches. The cost of living is 66% take down than New House of York. You force out spend more time exploring when you salary 89% lour rent and 72% inferior for groceries.

30. Albania

If you love poking through senescent castles and past architectural sites, living in Albania could be the starboard move — particularly because rents are 93% lower than New York City and feeding retired will price you 70% less.

29. Serbia

Arts, culture, castles and ski areas make Serbia a getaway for the rich, but you don't give birth to pay a king's ransom to loaded there. The country's monetary value of extant is 60% bring dow than New York, and snag is 91% cheaper.

28. Oman

Oman is a shopping mecca with a purchasing power index just 1% less than that in New York. Groceries are 53% cheaper and rents are 80% to a lesser degree in the Big Orchard apple tree.

27. Belarus

You'll get a fairytale touch sensation living among the charming countryside, palaces and fortresses in Belarus. Enjoy "happily ever after" with a price of living that's 66% cheaper than New York State City. Groceries are a mere 28% of New York costs, and rents are 89% less.

26. Turkey

Tucked between the Mediterranean and Black Seas, Bomb rolls come out lavish seaside resort towns. It's one of the least overpriced countries to live in with rents that are 90% lower than Parvenue York and an overall cost of living that's 58% less.

25. Bulgaria

Rich in music, dance, costumes and other civilisation, Bulgaria is one of the cheapest countries to live and work. With rents 90% take down than the Big Apple, you'll have room in the budget to enjoy its acculturation. Better yet, feeding out is 45% cheaper.

24. Philippines

23. Iran

The beautiful Persian empire nation of Persia is on the U.S. DoS's "do not travel" list, simply it's tranquillise one of the to the lowest degree expensive countries to live in. Citizens of Iran enjoy a 66% lower cost of living than New York, with rents 84% less and groceries 69% cheaper.

22. Poland

Poland's spell includes primaeval forests and vibrant night life. A move there will reap you a 55% savings in the cost of living and rents that are 83% take down than Empire State.

21. Morocco

Location to exotic cities much as Casablanca and Marrakech, Morocco is also one of the countries with the cheapest cost of living overall. Enjoy rents that are 89% lower berth than in the Big Apple and a cost of living that is 63% less.

20. Colombia

Expend a lifetime exploring Colombia's sandy beaches or Amazon jungles happening the gimcrack: The cost of living is 64% bring dow than New York, including rents that are 90% lower and restaurant meals that are a full 73% less.

19. Moldova

Whether you just want to ride on a beach on the north-central shore of the Black Sea or research wooded mountains dotted with old-hat castles, Moldova delivers. Rent in the country is 91% lower than in the Super Malus pumila, with an overall cost of living that is just tierce as highschool.

18. Nepal

From the snowy heights of Mount Mount Everest to lowland jungles, Nepal rolls dead enough adventures for a life-time. The country enjoys rents that are 96% lower than New York and an whole cost of animation that is 67% less.

17. Bolivia

With clime zones ranging from rainforest to inhospitable to lofty Range of mountains peaks, you're sure to breakthrough the perfect locale to settle into in Bolivia. Rents in the country are 90% cheaper, and the cost of bread and butter 63% cheaper than Greater New York.

16. Georgia

With a famous wine region, sandy beaches along the Euxine Sea and a cost of living 70% cheaper than New York, Peach State is one of the most beautiful and least dear countries to sleep in. Rent runs 90% less, and you can eat outer for just 30% of what you'd pay in New York. Add some wine for just $4 per bottle.

15. Malaysia

Malaya rolls out terrain from parallel beaches to lofty peaks more than 13,000 feet high. The be of living isn't high, however, at just 45% of New York costs. Cut of meat your grocery store bill in fractional, and enjoy rents 88% less than in the Too large Apple, too.

14. South Africa

South Africa is inactive nonpareil of the to the lowest degree expensive countries to live in with a toll of bread and butter that's 52% lower than New House of York and purchasing power that's about the Lapplander.

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13. Bosnia

Charming chivalric cities and storybook landscapes make Bosnia and Herzegovina a tempting place to nail down down. Engage's 93% inferior than New York, and an whole be of living that's 60% less makes this a ache move for your pocketbook.

12. Algerie

With a fond clime that stretches from the Sahara desert to the Mediterranean Sea coast, Algeria isn't one of the places where the cost of living is soaring. Its rents average equitable 6% of what you'd expect to pay in New York, and you can eat out for 82% less.

11. Rumania

Enjoy life on the cheap in Romania, where the be of living is 60% lower than New York City. Enjoy castle or Carpathian mountain views every day when you take root drink down in that dirt cheap country where rent is 89% lower.

10. Macedonia

With rents 93% cheaper than the Big Apple and an gross be of living that's 65% lower, Macedonia makes this twelvemonth's top 10 countries with the cheapest cost of living. An even out costs 76% less than in New York, and you can enjoy a nice dinner for two priced at just $20.

9. East Pakistan

Home to Bengal tigers and vast set forests ribboned with rivers, Bangladesh is one of the to the lowest degree valuable countries to charged and form with a cost of living that's 68% cheaper than New York. The uber-cheap rip is 94% lower, and a meal prohibited costs 70% less.

8. Egypt

Living in the ground of the Neat Pyramids is cheaper than you mightiness think. Pick up groceries at a discount of 77%, or run through down for one-fifth as much. The country's monetary value of support is just 26% than that of New York, and rents are 95% cheaper.

7. Mexico

Make a run the border — United Mexican States is one of the countries with the cheapest be of living. Make up rent that's 90% to a lesser extent than New York City, peck groceries for just 20% of Big Apple costs and eat out for 71% little.

6. Ukraine

A night out for residents in Ukraine power include a show in an 18th-century theater of operations in Odessa, on with a meal that costs 81% less than it would in New York. Rent is even a major deal: Expect to pay just 9% of what you would shell unfashionable for a flat in the Astronomical Apple.

5. Zambia

Moving up a slot from terminal yr's survey into the top five countries with the cheapest monetary value of living, Zambia has a cost of keep that's 54% lower than the U.S. and a purchasing power that's 1.26% greater.

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4. Tunisia

Communities along the Mediterranean make Tunisia a picturesque place to settle, but IT's also unmatched of the least expensive countries to live in. Rents are 94% cheaper in Tunisia, and you'll salary clean 17% of what you would feeding call at Fresh York.

3. Pakistan

Life in Pakistan is 75% cheaper than New York Metropolis, putting it in the whirligig three cheapest countries to live and work. Await to pay 94% less for rent, and revel an evening out at a restaurant for 80% nest egg over the Big Malus pumila.

2. Saudi Arabia

Although Saudi Arabia is one of the richest countries in the world, you don't have to have millions to in play there. The monetary value of living is 52% cheaper and rents are 76% lower than Manhattan. Head to one of the country's luxe malls, and enjoy purchasing power that's 31% greater than in New York.

1. India

New York City has amazing Indian cuisine, but you'll save 81% on solid food when you act on to India. Rents are 93% cheaper than the Big Orchard apple tree, and the cost of extant is just 27% of what you tail have a bun in the oven to pay in Freshly York.

Countries With the Cheapest Toll of Living

If you're living in a city with a high cost of living, you mightiness want to consider moving to a cheaper city — or even a cheaper country. But before you make the big move, explore cost-of-living factors such as rent, taxes, groceries and eating place prices in the city and land you're considering.

At that place's another factor you should consider as well: salaries.

In an ideal world, you'd want to find a place that offers a low price of living in addition to high-stepping salaries. Yet, in that location are some places where a low cost of keep comes with equally low salaries. If that's the case, it's important to take yourself if a move to another country would be worth it.

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Methodology: Victimization 2018 information from online pricing database Numbeo.com, GOBankingRates assessed foreign nations to set which were the most budget-friendly. Measuring each against prices found in New York City, we weighted and ranked countries based connected these key out affordability prosody: 1) local purchasing power index, which measures the relative purchasing power of a true pay in the country (a lower purchasing power buys fewer goods, piece a higher purchasing magnate buys more); 2) rent index, which includes typical home rental prices in the country; 3) groceries index, which includes typic grocery prices in the country; 4) CPI, which includes costs of local goods and services, such as restaurants, expatriation and utilities; and 5) restaurant cost index, which compares prices of meals and drinks in restaurants and bars.

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Where Is the Cheapest Place to Live in the Us 2018

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