10 countries in the world with the most low cost of living

Cost of living requirements vary from country to country. There are countries where the income of the population is high but the cost of living is also high. this is because the price of goods and necessities is also high. 

And here is a list of countries with the cheapest cost of living. Want to try living and staying in this country?

 10. Cambodia

Cost of Living: US$ 812/Month

At number 10 on the list of cheapest countries to live in around the world is Cambodia. Cambodia is located in the center of Southeast Asia and is also known as the Kingdom of Cambodia.

It covers an area of 181,035 square kilometers and borders Thailand, Laos, Vietnam & the Gulf of Thailand. The capital of Cambodia is Phnom Penh and the population is about sixteen million people.

Overall, the cost of living in Cambodia is very cheap, costing under US$1,000 per month. Renting a small one-bedroom studio apartment in one of Cambodia's cheapest cities, Sihanoukville, will cost you around US$ 246 per month. The currency in Cambodia is called "Riel" (KHR), and about 97.7% of the population practices Buddhism.

9. Thailand

Cost of Living: US$ 679/month

Thailand is the ninth cheapest country to live in worldwide. Officially called the Kingdom of Thailand, and previously called Siam, Thailand is a country located in the center of Southeast Asia and has 76 provinces.

With an area of over 513,120km², Thailand is the fiftieth largest country in the world, with a total population of over sixty-nine million people.

A one-bedroom studio apartment in one of the cheapest cities, Udon Thani, will cost you about US$199 per month. The capital of Thailand is Bangkok, the currency is the Thai Baht and 94.50% of the population is Buddhist.

Also read:

10 Cities with the Most Expensive Cost of Living in Indonesia

8. Malaysia

Cost of Living: US$ 588/Month

Next on the list is Malaysia, which costs just US$ 588 a month for basic accommodation and living expenses. Like the previous two countries, Malaysia is also located in Southeast Asia, and borders Singapore, Thailand, Vietnam, and Indonesia.

Malaysia consists of thirteen states and three federal territories, which are separated by the South China Sea into two regions. Its regions, Peninsular Malaysia and East Malaysia, are equal in size and the total area of Malaysia is 330,803 km².

Malaysia has a total population of 31.6 million people and Kuala Lumpur is the capital. When booking accommodation, you will spend around US$ 209 per month for a one-bedroom apartment in one of the cheapest cities, such as Kota Kinabalu.

7. Mexico

Cost of Living: $587/Month

Mexico can be found in the southernmost part of the United States. Besides bordering the US, the country is also bordered by the Pacific Ocean, Guatemala, Belize, the Caribbean Sea, and the Gulf of Mexico.

Mexico is the fifth largest country in the Americas, covering approximately 2,000,000 km², and the thirteenth largest state. The country has a current population of over 129 million people and Mexico City is its capital.

83% of the population is Catholic and Mexico's currency is the Peso (MXN). A month in a one-bedroom studio apartment, in one of Mexico's cheapest cities, Queretaro, will cost you about US$ 256 per month.

6. Peru

Cost of Living: US$ 543/Month

The sixth cheapest country in the world to live in is Peru. With an average cost of living of around US$ 543 per month, this Spanish-speaking country is worth checking out if you're looking for a cheap place to live.

Peru is a country located in the western part of South America. It borders Ecuador, Colombia, Brazil, Bolivia, Chile, and the Pacific Ocean.

Its current population is 32.17 million people, spread over an area of 1,285,216 km². 73.7% of the population is Roman Catholic and Peru's currency is the Sol (Pen).

When booking accommodation, you will spend around US$ 198 per month for a one-bedroom apartment in the city center. This price is based on the city of Arequipa.

5. Argentina

Cost of Living: US$542/Month

Coming in at number five on our list is Argentina. For only US$ 542 a month, you can get one person's accommodation and living expenses for a whole month in one of the cheapest cities in Argentina, Salta.

Argentina is another Spanish-speaking country, located in the southern part of South America. It borders Chile, Bolivia, Paraguay, Brazil, Uruguay, the South Atlantic Ocean and the Drake Passage.

Argentina is the eighth largest country in the world and the second largest after Brazil, with a total population of more than 44 million people and covering a land area of 2,780,400 km².

In this country you can get a one-bedroom apartment for US$100 per month, or roughly $27 per night depending on the time of year. It will be located in the city of Salta.

4. Vietnam

Cost of Living: US$ 500/Month

It is known that you only need US$ 500 to live for a whole month in this country, as Vietnam is one of the cheapest countries in the world by far.

It is the easternmost country on Southeast Asia's Indochina Peninsula and borders China, Laos, and Cambodia. Vietnam has about 95.5 million people living in a total of 331,212 km².

The capital is Hanoi, but Ho Chi Minh city is its most populous city. When choosing where to live in Vietnam, the cheapest city, Nah Trang, will cost you about US$259 per month for a one-room apartment in the city.

There are plenty of cheap things to do to keep you busy in Vietnam, and once you've lived there for a while, like most places on the list, you'll probably be able to find even cheaper accommodation and activities.

3. Nepal

Cost of Living: US$ 450/Month

With a cost of living of less than US$ 500, Nepal is the third cheapest country to live in worldwide.

Nepal is located in Southeast Asia, mainly in the Himalayas, but also includes parts of the Indo-Gangetic Plain. The country has a current total population of 29.3 million people living on a total landmass of 147,181km².

Bordering China and India, Nepal is the forty-eighth largest country by population and the ninety-third largest country in the world. US$ 164 will get you a one-bedroom studio apartment in one of Nepal's cheapest cities, Pokhara.

2. Bolivia

Cost of Living: US$ 431/month

Bolivia is a landlocked country located in the western part of South America. Its current population is around 11.05 million people living in an area of 1,098,581 km².

The capital of Bolivia is Sucre, and Bolivia consists of a multiethnic society, including, American Indians, Africans, Asians, Europeans, and Mestizos. Bolivia is the fifth largest country in South America and the 27th largest country in the world.

For those of you who speak Spanish, you will be happy to know that Spanish is the official and main language of Bolivia; however, there are also thirty-six other indigenous languages spoken in the country.

A one-bedroom studio apartment in La Paz, one of the cheapest cities in Bolivia, will cost you around US$145 per month.

1. Indonesia

Cost of Living: US$ 340/month

The first position as the cheapest place to live in the world is Indonesia. The Republic of Indonesia is located between the Indian and Pacific Oceans, in Southeast Asia.

Home to around 17,000 islands, Indonesia is the largest island nation in the world and has a total population of 264 million people which also makes it the 4th most populous country in the world.

There are certain places in Indonesia, such as Bali and Jakarta where the cost of living is more or less comparable to other major cities around the world.

However, places like Senggigi in Lombok can provide you with accommodation and living expenses for as little as US$ 340 a month. It is known that you only need to pay around US$ 142 per month for a one-bedroom studio apartment.

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