The world is full of amazing places to live. From the hustle and bustle of New York City to the peaceful serenity of Montana, people are always debating where they would like to call home. But why not take it a step further? Why not make sure that your next home is in one of the cheapest cities on earth? That being said, we have listed the 10 least expensive cities around the globe based on the ‘Worldwide Cost Of Living Report for 2021’ published by the Economist magazine on December 01, 2021. This article will provide an overview of the living cost of the cheapest cities according to Economist’s ranking.
1. Buenos Aires, Argentina
Buenos Aires is an autonomous city of Argentina which is also the largest city of Argentina as well as the capital. Despite being the capital of a country, Buenos Aires’s living cost is cheap compared to the other major cities in the world. Here a full course lunch cost around $8.50 including the drinks in the business districts. Further, a 900sqft fully furnished apartment costs around $600 in the expensive area of the city while it is $443 in the least expensive area.
2. Lusaka, Zambia
Lusaka, the capital and biggest city of Zambia, is one of the fastest-growing cities in South Africa. Yet, it is not an expensive one like other major cities. The cost of living in Lusaka is around 50% less than in any American city. For example, the basic lunch menu in the business district costs around $7.00. The average house rent for a 900sqft house is $500-$700.
3. Algiers, Algeria
The cost of living in Algiers is relatively low when compared to other major cities around the world. A 900sqft apartment can be rented for as little as $400 per month, and a three-course meal for two at a mid-range restaurant costs approximately $8. Utilities, transportation, and healthcare are also relatively affordable in Algiers. However, certain items such as clothing and alcohol can be expensive due to high taxes.
4. Ahmedabad, India
The cost of living in Ahmedabad, India is low compared to other major cities in the world. There are a variety of affordable housing options, and most basic necessities are very inexpensive. The cost of renting an apartment or house in Ahmedabad is much lower than in other large cities around the world. A one-bedroom apartment can be rented for as little as $130 per month, and a three-bedroom home can be found for under $350 per month.
5. Karachi, Pakistan
The money you spend for buying ingredients and other stuff in Karachi is very low in comparison to many cities throughout the world. However, the cost depends on your lifestyle and spending habits. Anyone can rent an apartment for $100-$600 depending on the size of the apartment.
6. Almaty, Kazakhstan
In Almaty, Kazakhstan, the cost of housing is relatively expensive when compared to other cities in the country, but it is cheap compared to other major cities in the world. One person can stay there for $617/month including the rents. However, to experience a more 'western' lifestyle, it will cost you around $900+ per month.
7. Tunis, Tunisia
The average living cost in Tunis is around $495 for one person while it is $1179 for a family of 4. However, the average salary is $1300 while the actual income range is $340 to $6000 per month depending on the job. But a low-range earning person can also live at an affordable cost in Tunis.
8. Tashkent, Uzbekistan
In Tashkent, the cost of living can vary depending on what you are looking for. If you are wanting to live a high-standard lifestyle, you will need to have a higher budget. The basic lunch menu with the drinks will cost around $4. Further, a 900sqft apartment will cost around $300-$500 depending on the location of the city.
9. Tripoli, Libya
There are a variety of factors that contribute to the cost of living in Tripoli including the availability of affordable housing, transportation, and food. In addition, the Libyan currency (the dinar) is also worth considerably less than most other global currencies, making goods and services pretty cheap. One of the biggest costs to consider is housing, but even this can be relatively low if you are willing to live outside city limits. For example, one could rent a large villa for an affordable price, which will save money on food and transportation.
10. Damascus, Syria
Damascus, Syria used to be an expensive city to live in the Middle East. But over the years the living standards fell down due to the political condition. Hence the cost of living also decreased. Now a 900sqft housing will cost $80-$400, which is way cheaper than any other city in the world.
The 10 cheapest cities to live in 2022 are all located in the low to growing economic countries. If you are looking for a more affordable place to call home, this list is sure to offer some inspiration!