For those who are considering a move, yet want an affordable move, there are quite a few cities around the world that provide a nice place to live, for an affordable price. No matter where you want to move in the world, even some of the most exotic countries, provide some of the cheapest places that you can live in. Moving far east is probably the best way to go when trying to stretch the dollar; but, there are other places you can move to, which provide affordable accommodations when making the transition.
Cheapest Places To Live
These are the Top 10 World’s Cheapest Places To Live:
10. Tehran, Iran
As the 32nd national capital, the 6th largest tower in the world, the Milad Tower, it boasts a low cost of living, with fine sites to see. At $0.26 cents for a loaf of bread on average, not only are you going to be able to survive on groceries for much less than you currently pay at home, but you are also going to find some of the cheapest accommodations in the world as well.
9. Jeddah, Saudi Arabia
As the gateway to the world’s holiest of cities, it is not only an affordable place to live, it is also a highly chosen location for those who are religious and looking for a safe place to live. In comparison to our nearly $4.00 for a gallon of gas, you are only going to pay $0.13 to fill up a gallon in this nation. As one of the leaders in petroleum production, not only will you save at the tank, overall cost of living is rather low.
8. Panama City, Panama
You might visit for the view, but you may want to stay when you find out how cheap it is to live in the famous destination. Situated on the Panama Canal, it has been labeled as one of the 7 wonders of the world, meaning there is no shortage of fine sites to see. The rain forest, fine beaches, and several other destinations; it has been ranked as one of the top 5 places where people want to retire to, for the scenery, and also the cheap lifestyle.
7. Colombo, Sri Lanka
As a harbor town, fish and other forms of food are cheap; additionally, as a large trading port, it is going to bring in world exports to the city, which will sell at an even lower price to the locals. It has been a popular port for international traders for over 2000 years, and is a cheap destination to visit, and has an extremely low cost of living for locals as well.
6. Bucharest, Romania
It is the 10th largest city in the European Union by population, and the low cost of living is one of the major draws to this major hub. Not only are you going to dine for less, but for wine lovers, at an average price of $3.66, you can get a great bottle of wine, that would probably run $50 and up in the US.
5. Algiers, Algeria
In 2007 it ranked as number 50 on the list, of lowest cost of living in the world; today, with world trade and imports coming in, the prices of living have dropped down dramatically. In fact, for a tank of petroleum, it would cost only about $0.25 cents per gallon. Not only here, but cheaper architecture is also something the city is famous for, meaning very low-cost accommodations in terms of housing as well.
4. Kathmandu, Nepal
Located on a lake basin, it is an extremely popular city for commerce and international trade, bringing the cost of living down for the locals. Tourism is also rather high, and tourists bring in quite a bit of revenue, also bringing the cost of living down. At only about $1.00 for a loaf of bread, you can get by for much less than you can in your current city in the US.
3. New Delhi, India
It may be considered the most expensive city to live in, in India, but in comparison to living costs around the rest of the world, it ranks rather low for those who come from outside regions of the world. A basic comparison is in the cost of basic living expenses in New York, being up to 237.8% higher than what people living in New Delhi pay for their everyday living expenses.
2. Mumbai, India
With the highest Indian population, and 4th highest world population, the cost of living is extremely low in this part of the world. Affluence in commerce and entertainment helps bring in tourist dollars, which is one of the ways that cost of living for locals is rather low. Keeping prices at a minimum is possible with the higher-income households spending a majority in the city, providing lower costs to those who do not have the means to spend as much for an affluent lifestyle.
1. Karachi, Pakistan
In comparison to the world’s most expensive city to live in, Tokyo, a loaf of bread in Karachi is only 1/5 the cost of what those living in Tokyo pay. According to the economist’s cost of living index, everything in Karachi is cheaper than other cities, and this year it has ranked as the world’s most affordable city, in terms of cost of living. Low cost of inflation, travel and tourism dollars, and the extremely low import costs, are just some of the reasons that the city has such a low cost of living, in comparison to the Western World, and what we have become accustomed to in the US.
Although they might not be the most luxurious homes people are living in, for those who truly want to save up, and pay less for their overall living expenses, any of these cities would be a great choice to move to. Depending on the lifestyle that you have become accustomed to, certain cities are a better choice than others. And, with various imports, and the fact that these cities are among the most popular for international trade, it is still possible to get external imports, from anywhere in the world, regardless of the lifestyle you have grown accustomed to.