Cheapest Countries To Live in the World in 2024

Cheapest Countries To Live in the World in 2024


Cost of Living ($)

Looking to explore the world while keeping a tight grip on your wallet? Look no further!

We’ve put together a list of the cheapest countries to live in, so you can enjoy all the benefits of living the nomadic life without breaking the bank. There’s more! For each country on our list, we’ve even included a comparison section, so you can see how they stack up against the US, UK, and France.

Without further ado, let’s dive into the list of the cheapest countries to live in!

List of Cheapest Countries

10. Portugal

Get ready for some coastal charm and stunning mountain ranges! Portugal is one of the most affordable Western European countries. With great weather, a low crime rate, and access to the Atlantic Ocean, you’ll be spoiled for choice. Whether you’re into hiking, surfing, or diving, you’ll find plenty to do.

Mind you, in recent years, Portugal has been getting pricier. However, relatively speaking, it’s still up there in terms of ‘bang for the buck’.

Thanks to residency programs like the Portugal Golden VisaD7 Visa, and Digital Nomad Visa, Portugal has witnessed increasing attention from expats.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

41.29% higher than in Portugal

40.76% higher than in Portugal

52.51% higher than in Portugal

Consumer Prices, including rent

56.42% higher than in Portugal


43.51% higher than in Portugal


43.87% higher than in Portugal

Rent Prices

96.53% higher than in Portugal

50.79% higher than in Portugal

20.93% higher than in Portugal

Restaurant Prices

69.87% higher than in Portugal

82.24% higher than in Portugal

78.30% higher than in Portugal

Groceries Prices

74.07% higher than in Portugal

42.30% higher than in Portugal

85.71% higher than in Portugal

9. Estonia

Estonia is a spacious country in Europe. It has a population of only 1.3 million people and a territory nearly equal to that of the Netherlands. 

A forest or a lake is a 30-minute drive away in Estonia. Despite its size, it would take a lifetime to visit all of the country’s galleries, theaters, concerts, festivals, markets, fairs, and beaches. Luckily, Estonia is a cheap country and all these amenities are affordable.

The living atmosphere is really clean, comfortable, and secure. According to the World Health Organization, Estonia has the best overall air quality in the world.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

30.05% higher than in Estonia

29.57% higher than in Estonia

40.39% higher than in Estonia

Consumer Prices, including rent

57.73% higher than in Estonia 

44.71% higher than in Estonia

45.07% higher than in Estonia


Rent Prices

165% higher than in Estonia

103% higher than in Estonia 

63.30% higher than in Estonia

Restaurant Prices

25.63% higher than in Estonia

34.78% higher than in Estonia 

31.87% higher than in Estonia

Groceries Prices

64.81% higher than in Estonia

34.72% higher than in Estonia


75.83% higher than in Estonia

8. Hungary

Hungary’s culture is a perfect blend of Eastern and Western European influences. The country is blessed with diversified geography, with lush hills, vast plains, and green river valleys. The Danube River runs across Hungary and bisects Budapest, which is generally referred to as Europe’s most beautiful city.

Hungary is one of the cheapest countries and it’s home to some of Europe’s friendliest people. The country provides digital nomads seeking a balanced life abroad with both rich economic prospects and a relaxing pace of life.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

74.18% higher than in Hungary

73.53% higher than in Hungary

88.02% higher than in Hungary

Consumer Prices, including rent

111.35% higher than in Hungary


93.91% higher than in Hungary

94.39% higher than in Hungary

Rent Prices

256.28% higher than in Hungary


173.36% higher than in Hungary

119.23% higher than in Hungary

Restaurant Prices

115.17% higher than in Hungary

130.85% higher than in Hungary

125.85% higher than in Hungary

Groceries Prices

101.62% higher than in Hungary

64.82% higher than in Hungary

115.10% higher than in Hungary

7. Montenegro

If you’ve always wanted to live somewhere different, somewhere with a different ambiance or feel, somewhere tranquil and beautiful at the same time, Montenegro might be the place for you. The bonus is that it’s a very cheap country.

Montenegro is a Balkan country bordered by Croatia, Bosnia & Herzegovina, Albania, and Serbia in Southern Europe. The Adriatic coast, Bay of Kotor, and Balkan Mountains provide breathtaking views and exciting adventures. Montenegro also boasts a rich history, from the Old Town of Kotor to the Ostrog Monastery; there is plenty to learn and see here.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

81.03% higher than in Montenegro

80.35% higher than in Montenegro

95.41% higher than in Montenegro

Consumer Prices, including rent

118.59% higher than in Montenegro 

100.55% higher than in Montenegro

101.05% higher than in Montenegro


Rent Prices

261.65% higher than in Montenegro

177.48% higher than in Montenegro

122.53% higher than in Montenegro

Restaurant Prices

116.55% higher than in Montenegro

132.33% higher than in Montenegro

127.30% higher than in Montenegro

Groceries Prices

125.41% higher than in Montenegro

84.26% higher than in Montenegro

140.48% higher than in Montenegro

6. Bulgaria

Depending on whether you live in one of the cities or in one of the smaller towns and villages, Bulgaria can present you with very distinct experiences. It’s one of the cheapest countries to visit and is a great destination for budget travelers.

The temperature, beaches, stunning landscape, a laid-back lifestyle, friendly people who welcome expats, low costs, a stable economy, and rising work prospects are just a few of the advantages of living in Bulgaria.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

83.41% higher than in Bulgaria

82.72% higher than in Bulgaria

97.98% higher than in Bulgaria

Consumer Prices, including rent

131% higher than in Bulgaria


112% higher than in Bulgaria


112% higher than in Bulgaria

Rent Prices

361% higher than in Bulgaria


253% higher than in Bulgaria

183% higher than in Bulgaria

Restaurant Prices

126% higher than in Bulgaria

142% higher than in Bulgaria

137% higher than in Bulgaria

Groceries Prices

107% higher than in Bulgaria

69.24% higher than in Bulgaria

120% higher than in Bulgaria 

5. Romania

Consider Romania as your next destination, which gives way to hills, forests, farmlands, and rustic villages along the western edge of the Black Sea. Bucharest, Romania’s capital, is located on the Dambovita River and is the most popular location for foreigners looking to relocate to the country. Romania is one of the cheapest countries to live in if you’re on a budget.

Romania is a relatively safe country, but newcomers quickly discover that it has a lot more to offer, especially as it develops as a digital nomad destination and a corporate hub in Eastern Europe.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

137.96% higher than in Romania

95.25% higher than in Romania

111.56% higher than in Romania

Consumer Prices, including rent

144.98% higher than in Romania

118.32% higher than in Romania

118.87% higher than in Romania

Rent Prices

302.14% higher than in Romania

208.55% higher than in Romania

147.45% higher than in Romania

Restaurant Prices

128.74% higher than in Romania

145.41% higher than in Romania

140.10% higher than in Romania

Groceries Prices

119.88% higher than in Romania

79.74% higher than in Romania

134.58% higher than in Romania

4. Slovakia

Slovakia is one of the fastest-growing economies in the European Union. It is highly accommodating to expats as a member of the Schengen area. Luckily, it’s a cheap country when compared to its counterparts in the EU.

Slovakia, despite its tiny size, has a rich cultural past as well as a vast natural endowment of high mountains and deep forests. If you’re a history fan, foodie, and nature lover, you’ll find many attractions. If you’re looking for a blend of global culture and unique tourist experiences, this diverse country will leave an indelible impression on you.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

52.78% higher than in Slovakia

52.21% higher than in Slovakia

64.92% higher than in Slovakia

Consumer Prices, including rent

76.25% higher than in Slovakia

61.70% higher than in Slovakia

62.11% higher than in Slovakia

Rent Prices

149.24% higher than in Slovakia

91.23% higher than in Slovakia

53.36% higher than in Slovakia

Restaurant Prices

89.96% higher than in Slovakia

103.80% higher than in Slovakia

99.39% higher than in Slovakia

Groceries Prices

71.36% higher than in Slovakia

40.08% higher than in Slovakia

82.82% higher than in Slovakia

3. Georgia

Georgia is a developing country with an Association Agreement with the European Union and a rapidly growing economy. It’s one of the most well-known remote work centers in the world, attracting digital nomads.

Georgia is a friendly and cheap country. It’s still relatively unknown to many people, yet it boasts beautiful scenery filled with Unesco-listed castles and monasteries. Tbilisi, the capital city, has been seeing a lot of attention from digital nomads recently.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

141.42% higher than in Georgia

140.51% higher than in Georgia

160.59% higher than in Georgia

Consumer Prices, including rent

188.39% higher than in Georgia

164.59% higher than in Georgia

165.25% higher than in Georgia

Rent Prices

358.47% higher than in Georgia

251.77% higher than in Georgia

182.11% higher than in Georgia

Restaurant Prices

163.80% higher than in Georgia

183.02% higher than in Georgia

176.90% higher than in Georgia

Groceries Prices

176.25% higher than in Georgia

125.82% higher than in Georgia

194.71% higher than in Georgia

2. Serbia

Serbia has a pleasant continental climate and is located in Central/Southeast Europe. Low living costs, fast internet, a vibrant startup ecosystem, and coworking spaces are just a few of the advantages of living in Serbia. Add to that a vibrant nightlife, culinary scene, and cafe culture…Apart from being one of the cheapest countries, Serbia is also a great country for foodies.

Serbia’s geographical location makes it easier to travel to other Balkan countries (Croatia, Bosnia and Herzegovina, and Montenegro), as well as major European cities (Vienna, Budapest, Berlin, etc).

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

91.93% higher

than in Serbia

91.21% higher

than in Serbia

107.18% higher

than in Serbia

Consumer Prices, incl. rent

139.94% higher than in Serbia

120.14% higher than in Serbia

120.69% higher than in Serbia

Rent Prices

358.62% higher than in Serbia

251.88% higher than in Serbia

182.20% higher than in Serbia

Restaurant Prices

135.65% higher than in Serbia

152.82% higher than in Serbia

147.35% higher than in Serbia

Groceries Prices

145.53% higher than in Serbia

100.71% higher than in Serbia

161.95% higher than in Serbia

1. Turkey

Turkey is a magnificent country that would take many lifetimes to properly appreciate. Throughout history, this region has been the epicenter of countless ancient civilizations. Turkey is a land of numerous tastes and flavors, with the Mediterranean, Middle Eastern, Central Asian, and Eastern European cuisines all influencing its local food.

In Turkey, you have little trouble filling your free time. Consider taking a trip to the ancient ruins of Ephesus, the Pamukkale Hot Springs, or the Cappadocia Fairy Chimneys, all of which are popular tourist destinations. Turkey is a favorite of budget travelers who are looking for the best and cheapest countries.

Comparison to other countries

United States

United Kingdom


Consumer Prices, excluding rent

137.48% higher than in Turkey

136.59% higher than in Turkey

156.34% higher than in Turkey

Consumer Prices, incl. rent

198.46% higher than in Turkey

173.82% higher than in Turkey

174.51% higher than in Turkey 

Rent Prices

484.65% higher than in Turkey

348.58% higher than in Turkey

259.75% higher than in Turkey

Restaurant Prices

247% higher than in Turkey

272.29% higher than in Turkey

264.24% higher than in Turkey

Groceries Prices

181.97% higher than in Turkey

130.50% higher than in Turkey


200.82% higher than in Turkey


The Wrap Up & My Take on These Countries

Note that figures on the cost of living are based on the data from Numbeo, and are subject to change in time. Before you make a decision, make sure you check out the current figures and alternatives. 

However, I should not that I’ve had a chance to visit some of the above countries myself. Here are the ones I’ve been to over the last five years:

  • Turkey
  • Portugal
  • Georgia
  • Hungary
  • Montenegro
  • Serbia

In my experience, I was amazed by the bang for buck in Turkey particularly. However, that trip was back in 2021 and I hear things have changed recently with the high inflation rates. 

I also found Portugal to offer so much at relatively modest prices, however, that is another country where the major cities (Lisbon and Porto) are apparently starting to catch up with the rest of pricey European capitals.

Serbia and Hungary were particularly cheap and had lots to offer to me. I was impressed with the nightlife in Serbia, and the historical sights in Hungary.

Have you ever lived in the above countries? Let us know about your experience. If not, check out our Digital Nomad Visa Countries article and see which countries offer you an easy process of relocation. Good luck!

Related Articles

Frequently Asked Questions

Which country is the cheapest in the world?

There is no definitive answer to this question as the cost of living varies greatly from one country to another, and even from one city to another within the same country. However, some of the countries that are generally considered to be relatively inexpensive places to live include Bolivia, Nepal, and India. According to the World Bank, the cheapest country in the world is Uganda.

How can I live abroad for free?

There are a few ways to live abroad for free. One way is to find a job that offers free housing as part of the contract, such as teaching English in a foreign country. Another way is to volunteer your services to an organization or charity that operates in the country you want to live in. Finally, you could find a local resident who is willing to let you stay with them for free in exchange for help with English conversation or other tasks.

What is the best way to save money when living abroad?

There are a few things you can do in order to save money while living abroad. One option is to find affordable housing by staying in hostels or Couchsurfing instead of opting for more expensive hotels or apartments. Another way to save money is to cook your own meals instead of eating out all the time. Finally, you can try to live a relatively simple lifestyle and avoid excessive spending on unnecessary luxuries.

Where is the cheapest place to live in the world?

The cost of living varies greatly depending on what products or services you assess. However, some countries are generally considered to be cheaper than others, based on factors such as the cost of basic necessities, housing costs, transportation expenses, and the overall cost of living.

Some of the cheapest countries in the world to live in include India, Pakistan, Nepal, Bangladesh, and Cambodia. These countries offer a relatively low cost of living, with basic needs like food and shelter being relatively affordable. Additionally, these countries often have lower transportation costs and housing costs than more developed nations.

Of course, the best and cheapest countries to live in will also depend on your individual circumstances and lifestyle. If you like the nicer things in life, then you may find that the cost of living in a more developed country is actually cheaper than in a less developed nation. Additionally, your choice of accommodation and transportation can also impact the overall cost of living.

What country is best to live in?

The "best" country to live in varies. Some factors that could influence someone's decision include quality of life, cost of living, safety, and climate.

Generally speaking, some of the cheapest countries to live in are India, Pakistan, and Nepal. Costs of living in these countries are low, and quality of life is generally high. However, safety may be a concern in some areas.

If you're looking for a developed country with a low cost of living, Bulgaria may be a good option. The country has a high quality of life, and the costs of essentials like food and housing are relatively low.

Ultimately, the best country to live in is the one that fits your individual needs and preferences. Make sure you consider all factors before making a decision.

What is the easiest country to move to?

It really depends on your individual circumstances. However, some popular choices for easy countries to move to include Canada, Australia, and New Zealand. These countries all have good infrastructure and support systems in place to help newcomers settle in and start a new life.

Which country is safest to live in?

Some countries are generally considered to be safer than others, such as Switzerland, Norway, and Canada. Check out our article on the safest countries in the world.

Can you move to another country without a job?

It is possible to move to another country without a job. However, it may be difficult to find a job in a new country without any connections or prior work experience in the field. It is also important to research the cost of living and visa requirements of the new country before making the move.

Can I just move to another country?

If you want to move to another country, you will need to research the specific requirements for that country. Some countries may require you to have a certain amount of money in savings, while others may require you to obtain a visa before entering. You should also be prepared to learn the language and customs of your new home, as this will make the transition much easier. Finally, remember that moving to another country is a big decision, so be sure to weigh all of the pros and cons before making your final decision.

How can I leave the country with no money?

There are a few ways to leave your country with no money. The most common way is to hitchhike or ask people for rides. You can also ask for free rides on public transport, or walk/bike if the distance isn't too great. If you're desperate, you can always try stowing away on a ship or plane. Just kidding 🙂 this is extremely dangerous, possibly illegal, and not recommended!

Another way to leave your country with no money is to find someone who is willing to exchange houses with you. This way, you can live in their house while they live in yours. You can also look for free accommodation through websites like Couchsurfing or Warmshowers.

What are the cheapest countries to visit?

There are a variety of factors that can affect the cost of travel, such as airfare, accommodation, food, and activities. When considering the cheapest countries to visit, it's important to keep these factors in mind.

Some of the cheapest countries to visit are:

  • Bulgaria
  • Cambodia
  • Mexico
  • Morocco
  • Nepal
  • Romania
  • Thailand

What are the cheapest countries in Europe?

There are many ways to determine the cheapest countries in Europe. One way is to simply look at the cost of living in each country. Another way is to look at the average wages in each country.

In general, the Baltic states (Estonia, Latvia, and Lithuania) are some of the cheapest countries in Europe. Bulgaria, Romania, and Ukraine are also relatively inexpensive.

Of course, you need to look at both sides of the coin. For example, Switzerland is one of the most expensive countries in Europe, but it also has some of the highest wages. So, it all depends on what you're looking for.

Overall, European countries are not necessarily known to be cheap countries.

What are the cheapest countries to live in Asia?

There are quite a few countries in Asia that are relatively cheap to live in. Countries like India, Indonesia, and the Philippines all offer a low cost of living while still providing decent standards of living. There are also some smaller countries like Laos and Cambodia that can be quite cheap to live in as well. These Asian countries make the ideal cheap destination for a budget traveler. Even in their major cities, you can get by just a few dollars a day.

Particularly, Southeast Asia is home to cheap destinations with delicious food, some beautiful national parks, hiking trails, and incredible tourist attractions, all extremely affordable. This does not just apply to rural areas, but also to big cities.

What is the cheapest English-speaking country to live in the world?

The cheapest English-speaking country to live in is India.

What is the cheapest country to live in South America?

The cheapest country to live in South America is Bolivia. Central America is home to a number of cheap countries and the continent makes for a great budget destination. International travelers highly praise the natural beauty, the local eateries, tourist attractions, and rural locations in the region.

What are the cheapest countries to fly to from the US?

The cheapest countries to fly to from the US are typically ones that are nearby and don't require a lot of flying time. This includes destinations like Mexico, Costa Rica, and the Dominican Republic. If you're willing to travel a bit further, you can also find cheap flights to places like Europe and Asia.

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