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50 cheapest countries to live in

Photos Logo Photos | Slide 1 of 51: A new cost of living index report of countries around the world reveals the cheapest countries in the world to live in. The report prepared by Numbeo, a data research website, ranked the countries based on cost of rent, groceries, local purchasing power, and cost of eating in a restaurant among other factors. These factors were compared to the same parameters using New York City as a base. Click through to see which country is the cheapest to live in.

50 cheapest countries to live in

The global cost of living index report submitted in early 2015, revealed the cheapest countries in the world to live in. The report, prepared by data research website Numbeo, considered factors such as the cost of rent, groceries, local purchasing power, and cost of eating in a restaurant. The study compares Consumer Price Index (CPI) of each country with that of New York City. Click through to see which country is the cheapest to live in.

© Dario Pignatelli/Bloomberg
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