20 Cheapest Countries To Live in and Work

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20 Cheapest Countries To Live in and Work!

Are you tired of your monotonous working schedule and often get the thought about residing in a foreign country?

Or you’re just curious about the cheapest countries to live in? You’ve come to a perfect place. Let’s check out the most affordable countries to work and live in.

You might think that traveling to a different nation might empty up your pocket. But if you do it wisely, you’re going to save up tons of money.

Out of 195 countries globally, we have listed out 20 cheapest countries to live in and work.

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Countries
20. Vietnam
19. Costa Rica
18. Bulgaria
17. Mexico
16. South Africa
15. China
14. Thailand
13. Peru
12. Poland
11. Ecuador
10. Portugal
9. Georgia
8. Spain
7. Cambodia
6. Morocco
5. Indonesia
4. India
3. NepalĀ 
2. Laos
1. Pakistan

20. Vietnam

Vietnam is a beautiful country situated in Southeast Asia. This country was ruled by France after the Sino-French war. The capital of this country is Hanoi, and other popular cities are Ho Chi Minh City, Haiphong, and others.

It is one of the cheapest countries to live in, and the people there are amiable.

Vietnam
Standard Road in Vietnam (Source: Financial Times)

The currency of Vietnam is the Vietnamese dong. And, $1 is around 22,750 Vietnamese dong.

The average cost of living in Vietnam is around $700. This amount is enough to have a moderate lifestyle for a family of four.

If you decide to live in the countryside, it might cost even less. The average income in Vietnam is around $277 a month.

19. Costa Rica

Costa Rica is a country in North America that shares a border with the Caribbean Sea. The capital of this country is San Jose, and other major cities are Cartago, Heredia, and others.

South Africa
A Beach in South Africa (Source: Rodger Shagam)

Costa Rica is one of the cheapest countries in North America. The currency of Costa Rica is Costa Rican colon, and $1 is about 620 Costa Rican Colon.

The average cost of living in Costa Rica is about $800. This amount is enough for a single person to have a moderate lifestyle, excluding the fancy things. And, the average salary is nearly $900.

18. Bulgaria

Bulgaria is a beautiful country situated in eastern Europe. It is one of the oldest states in Europe.

Bulgaria
Sofia, Bulgaria (Source: CEED)

A single person can have a good standard of living just for around $500. And, the average income of people living in Bulgaria is nearly $680 a month.

The currency of Bulgaria is Bulgarian Lev, and $1 is equal to 1.6 Bulgarian Lev.

17. Mexico

Mexico is a country situated in North America. The capital city of this country is Mexico City. The currency of Mexico is the Mexican Peso.

Mexico City
A View of Mexico City (Source: Wikipedia)

In Mexico, a couple can live an everyday life at around $500 a month. And, the minimum wage in Mexico is about $7.

As for currency value, $1 is nearly equal to 20 Mexican Pesos.

16. South Africa

South Africa is a country situated in the southernmost part of Africa. And, the capital of South Africa is Cape Town.

Some other cities of South Africa include Pretoria, Johannesburg, Bloemfontein, and many more.

South Africa
A Beach in South Africa (Source: Rodger Shagam)

And, the average cost of living in South Africa is around $400. The minimum wage in this country is estimated to be about $2,000 a year.

The currency of South Africa is the South African rand, and $1 is around 14 rands.

15. China

China is one of the biggest countries in Asia. It also has one of the highest population densities. Living in the central city areas of China might be expensive, but the cost of living in the rural areas can be the lowest.

Beijing Park
Beijing Park, China

And, average rent in China typically costs around $200-$700. But in the rural areas, the cost is a lot lesser. With this, the total expense in China is typically around $400 a month. The price can vary depending on the place you decide to live.

The currency of China is the yuan. And, $1 is nearly equal to 6 Chinses yuan.

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14. Thailand

Thailand is one of the cheapest countries to live and work in. It is situated in south Asia and attracts tons of tourists.

Thailand might be one of the perfect countries to live in.

The capital of Thailand is Bangkok. And, some other famous places are Pattaya, Chiang Mai, and others. Thailand is known for its beaches. The currency of Thailand is bhat.

Thailand
A religious destination in Thailand (Source: Great Value Vacation)

If you consider living in the local area of Thailand, $500 will be more than enough, but it will cost very high around the tourist destinations. And, people living in Thailand usually earn around $700 a month.

13. Peru

Peru is one of the cheapest countries to live and work in. It is situated in South America. There are a lot of things to explore in Peru. The capital of Peru is Lima, and some other cities are Cusco, Machu Pichu, and others.

The average living cost ranges from $300 and can go up. The food in the local markets of Peru is also very cheap.

Machu Pichu
Machu Pichu in Peru (Source: G Adventures)

Moreover, the average salary of people living in Peru ranges around $400. The cost varies with the place you decide to live in.

12. Poland

Poland is one of the cheapest countries in the world. It is situated in central Europe. And the capital of Poland is Warsaw. The currency of Poland is the Polish zloty.

The cost of living in Poland is comparatively cheaper than in other parts of Europe.

Krakow, Poland
Krakow, Poland (Source: Getinprices)

The average rent is around $350 a month, and a meal in a local restaurant will cost about $5.

People can earn well from tourism and teaching the English language.

11. Ecuador

Ecuador lies in South America. The capital of this country is Quito.

The minimal rent of an apartment in Ecuador is approximately $45. And a local meal can cost around $2 at a local restaurant.

Ariel View of Ecuador
Ariel View of Ecuador

Also, the average salary in Ecuador is around $300 per month. People can earn a good amount of money by teaching the English language and local tourism.

10. Portugal

Portugal is a beautiful country in Southern Europe. It shares a border with Spain. And the capital of Portugal is Lisbon. The currency of Portugal is the euro.

A two-bedroom apartment in Portugal typically costs around $600. And, the rent in the rural area is much cheaper.

Also, the minimum wage in Portugal is about $9,000 per year.

Hence, Portugal has a reasonable cost of living and a good salary.

9. Georgia

Georgia is a unique country that lies between the intersection of Asia and Europe. The capital of Georgia is Tbilisi.

And, the currency of Georgia is the Georgian lari.

An average apartment in Georgia costs about $150. And the cost of food is also very reasonable.

Georgia
Georgia (Source: World Nomads)

Also, in many places of Georgia, the minimum wage is about $7, but this might vary according to the area.

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8. Spain

Spain is a beautiful country in central Europe that shares a border with the northern part of Africa. The currency used in Spain is the euro.

And, the capital of Spain is Madrid. The cost of living in Spain is lower as compared to other European nations.

Cheapest Countries To Live & Work -Granada
Granada of Spain (Source: Shape Energy)

Also, it is believed that it is 18%-25% cheaper to live in Spain rather than in the UK or the USA.

7. Cambodia

Cambodia is one of the cheapest countries in the world that is situated in Southeast Asia. The capital of Cambodia is Phnom Penh, and the currency used in Cambodian is riel.

Cheapest Countries To Live & Work - Cambodia
Phnom Penh in Cambodia (Source: Wikipedia)

It is very cheap to live in Cambodia as a two-bedroom apartment in a central city only costs about $300. The food here is also very reasonably priced.

The minimum wage in Cambodia is $140 a month, which is enough for a family living in other places than the central city area.

6. Morocco

Morocco is one of the cheapest countries in the world, and it is situated in Northern Africa. The capital of Morocco is Rabat.

Also, Morocco is surrounded by the Atlantic Ocean and the Mediterranean sea. The currency used here is the Moroccan dirham.

Cheapest Countries To Live & Work -Summer in Northern Morocco
Summer in Northern Morocco (Source: Here Magazine)

It is said that the cost of living in Morocco is about 50% less than that in the US.

In morocco, a single person can have a lavish lifestyle at just $400 a month. And, the salary of people in Morocco depends upon the sector they are in.

5. Indonesia

Indonesia is one of the most significant island countries and one of the cheapest countries in the world. The capital of Indonesia is Jakarta.

A person can enjoy their life living in the city center for just $450 per month. But, outside the city center, the cost of living in Indonesia is pretty modest.

And, the average salary in Indonesia is about $700.

4. India

India is one of the biggest and cheapest countries in the world. It is situated in South Asia.

The capital of India is New Delhi, and the currency used is the Indian rupee.

Cheapest Countries To Live & Work -Skyline Mumbai
Skyline in Mumbai, India (Source: Freepik)

In India, the cost of living differs according to the place you prefer to reside and work.

Typically, a family of four can have a happy life at $400 a month. This cost increases when you decide to live in the city center.

And, the median salary is about $350 per month.

3. Nepal

Nepal is one of the most beautiful countries in the world. It falls amongst the cheapest countries in the world to live in and work.

The capital of Nepal is Kathmandu. And, the currency used in Nepal is the Nepalese rupee. $1 is equal to 120 Nepal rupees.

Cheapest Countries To Live & Work -Kathmandu Durbar Square
Kathmandu Durbar Square, Nepal

A family of four can have a great life in Nepal at around $400 per month. And, if you consider living in the rural areas, the cost will be meager.

The average salary of Nepalese is somewhere between $140 to $600.

2. Laos

One of the cheapest countries in the world Laos is situated in Southeast Asia. It shares a border with Thailand, Vietnam, and Myanmar.

The capital of Laos is Vientiane, and the currency used here is Lao kip.

Cheapest Countries To Live & Work -Laos
A Major Tourst Destiation in Laos (Source:Ramboll)

In Laos, a single person can have a good lifestyle at around $129, including an apartment, food, and clothing.

And, the average salary of people living in Laos is about $300 a month.

1. Pakistan

Pakistan is the cheapest country in the world as it offers a perfect lifestyle at a meager price.

The capital of Pakistan is Islamabad, and the currency used is the Pakistani rupee.

Cheapest Countries To Live & Work -Pakistan
Hills of Pakistan (Source: UNEP)

In Pakistan, a single person can sustain their life at just about $290. This is about 70% lesser than the cost of living in the US.

Also, the average salary in Pakistan is about $450.

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