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World's cheapest 50 countries to live in - 2016

Photos Logo Photos | Slide 1 of 51: From the bay, a view of the capital city, Hamilton, Bermuda at sunset.

Planning to relocate abroad? Here's a list of world's 50 cheapest countries to live in according to a study by Numbeo, the world’s largest database of user-contributed data about cities and countries worldwide.

The countries are ranked based on various indices including rent, groceries, restaurants and local purchasing power. The indices are relative to New York City, for which each index is set at 100 per cent. For example, if a country has a rent index of 70, then rents there are 30 per cent less expensive than in New York City. 

We look at the 50 cheapest countries to live in according to the list.

© Sayan Chuenudomsavad/Sayan Chuenudomsavad/Getty Images
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