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50 Cheapest Countries to Live In

GOBankingRates Logo By Teo Spengler of GOBankingRates | Slide 1 of 51

50 Cheapest Countries to Live In

Whether you are close to retirement and want to see the world or are young and simply itch to live abroad, finding an inexpensive place to explore is the key to making your dreams a reality. So, it only makes sense to think about where you can live a richer life for less.

Using online pricing database Numbeo, ranked nations by four key affordability metrics. Each metric is measured against what you would find in New York City:

Local purchasing power index: Measures the relative purchasing power of a typical salary in that country. A lower purchasing power buys fewer goods, while a higher purchasing power buys more.

Rent index: Includes typical rental prices in the country.

Groceries index: Includes typical grocery prices in the country.

Consumer price index: Includes costs of local goods and services — including restaurants, groceries, transportation and utilities.

Click through to see the best places for your money, starting with the least cheap.

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