If the steady upward march of inflation has you tired of living in your country, perhaps it’s time to start thinking about relocating to another country with a lower cost of living to manage your money better.
As the world becomes more interconnected, individuals can choose where they want to live based on cost, lifestyle, and opportunities. This article will guide you through some of the cheapest countries to live in 2023, focusing on Food, housing, and childcare costs.
Numbeo statistics on the current cost of living to find out which countries have the lowest price of living comparisons.
The Cheapest Countries To Live In 2023
Pakistan offers an affordable lifestyle, a treasure for those looking to live economically. Food for a month might be as low as USD 150, and a one-bedroom apartment in the city center can cost around USD 200 per month. Childcare costs, including kindergarten and school, are approximately $50-$100 per month, depending on the location and standard of the institution.
Egypt offers an affordable cost of living and a rich history. Food is relatively cheap, with monthly groceries amounting to around $120. Rent for a one-bedroom apartment in the city center averages around $150, while childcare services can cost from $100-$200 per month, depending on the provider.
Known for its rich culture and diverse cuisine, India remains one of the most affordable countries to live in. Average monthly grocery bills can be as low as $100, while a city-center apartment might cost around $200. Childcare, including kindergarten, ranges from $50-$150 per month.
Despite economic challenges, Nigeria offers a lower cost of living than many Western countries. Expect to spend around $140 on monthly Food and around $200-$300 on a one-bedroom city apartment. Childcare costs vary widely, depending on location and provider, but tend to range from $80-$200 per month.
Despite its political instability, Libya can be an affordable option for some. Food costs around $150 per month, while a one-bedroom apartment costs $200-$300. Childcare costs are approximately $100 per month, but they may vary based on location and quality of services.
Despite political unrest, Syria has remained one of the cheapest countries to live in. A monthly grocery bill could be as low as $100, while rent for a one-bedroom apartment in the city center could be around $150. Childcare costs range between $50 and $100 per month.
Nepal, known for its beautiful landscapes and friendly locals, is an economical choice. Food costs around $100 a month, and you can find a one-bedroom apartment in the city center for about $150. Childcare ranges from $30-$70 per month.
Bangladesh is quite affordable because the cost of living is significantly lower than in Western countries. Monthly grocery bills are typically around $100, and a city-center one-bedroom apartment costs around $150. Childcare costs can be as low as $30 per month, making it one of the most affordable options on this list.
Uzbekistan offers an intriguing mix of modern cities, ancient history, and a low living cost. Monthly food costs are approximately $120, and a one-bedroom city-center apartment might cost around $200. Childcare costs are generally around $50-$100 per month.
Turkey, with its rich history and culture, is an affordable destination. Food costs as low as $150 per month, while a one-bedroom city-center apartment costs around $200. Childcare costs vary greatly depending on the region and the type of institution, but they generally fall within the $100-$200 per month range.
Remember, while these countries offer a lower cost of living, they might also come with lower wages, less political stability, or fewer amenities than you are used to. Therefore, it is always essential to do thorough research before making a move. These estimates are also average costs; expenses may vary based on lifestyle and preferences.
The Cheapest Countries To Live In 2023
1. What makes these countries the cheapest to live in 2023?
These countries are considered the cheapest based on average living costs, including housing, food, and childcare expenses. These costs are generally lower due to local economic conditions, wage levels, and government policies.
2. How is the cost of living calculated in these countries?
The cost of living in these countries is calculated by adding the average cost of food, housing, and childcare. Most individuals and families have these basic expenditures, but it’s important to remember that additional expenses like transportation, healthcare, and entertainment can also affect the overall cost of living.
3. Can I move to these countries easily?
The ease of moving depends on many factors, such as immigration laws, visa requirements, and personal circumstances. Some countries may have more lenient immigration laws than others. Always research thoroughly and consider contacting an immigration expert before making a move.
4. Are these countries safe to live in?
Safety can be subjective and often depends on local conditions, which can change rapidly. It’s essential to stay updated with travel advisories issued by your home country’s foreign affairs department and to research local news sources for the most accurate information.
5. Are the listed costs applicable for families?
The costs listed are basic estimates and can vary based on the size of the family, lifestyle choices, and specific needs. Larger families or those with specific dietary or housing requirements may find their costs are higher.
6. Can I work in these countries?
The ability to work in these countries depends on your visa status and local labour laws. In most cases, you would need a valid work permit or visa. It is recommended to research each country’s specific work permit requirements and job market conditions.
7. Is healthcare affordable in these countries?
Healthcare costs vary greatly from country to country, and healthcare quality can differ. It is essential to research the healthcare system in the country you’re interested in, considering the cost and quality of care available.
8. Can I get a good education in these countries?
Many of these countries have strong educational systems and several globally recognized universities. However, the language of instruction and quality of education can vary. It is crucial to research educational opportunities thoroughly when considering a move, particularly if you have children or plan on pursuing further education.