The Best Countries to Stretch Your Dollar

Colombia
Colombia

Need a change of pace? Are you tired of living paycheque to paycheque? Well, there are many places around the world where your money will go much further. Data website Numbeo recently ranked 110 countries based on the cost of living there. Their Consumer Price Index (CPI) of consumer goods includes groceries, restaurants, transport and utilities.

The CPI numbers are relative to New York – which would be 100. So, if a country has a CPI of 70, it’s 30 percent cheaper than New York.

Note that these indices are historical, published periodically, and this post features original rankings. There are some countries on the list that you probably want to avoid for now. Some of the most expensive countries are Bermuda, Switzerland, Iceland, and Norway. Canada is in the 26th spot with a CPI of 72.48.

If you’re looking for a cheap long-term holiday, you should consider one of these countries:

 

The Best Countries to Stretch Your Dollar

 

10. Colombia

Colombia
Colombia

Consumer Price Index: 38.92

 

9. Syria

Syria
Syria

Consumer Price Index: 38.24

 

8. Macedonia

Macedonia
Macedonia

Consumer Price Index 37.41

 

7. Egypt

Egypt
Egypt

Consumer Price Index 37.22

 

6. Moldova

Moldova
Moldova

Consumer Price Index 34.72

 

5. Algeria

Algeria
Algeria

Consumer Price Index  34.1

 

4. Tunisia

Tunisia
Tunisia

Consumer Price Index  34.06

 

3. Pakistan

Pakistan
Pakistan

Consumer Price Index  30.71

 

2. Nepal

Nepal
Nepal

Consumer Price Index  28.85

 

1. India

India
India

Consumer Price Index  26.27