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26 Oct. 2022


Cheapest places in the world to live in 2022

Cost of living


Cheapest places in the world to live in 2022

An insurance policy is a guarantee of your safety and peaceful stay outside of Ukraine
An insurance policy is a guarantee of your safety and peaceful stay outside of Ukraine

Affordability is often the most influential factor when choosing a country to travel to or even move to. In which country in the world is the cheapest to live in 2022? We are talking about the TOP-4 countries with a low cost of living.

International Living's rankings take into account the costs of groceries, rent, utilities, meals, gym memberships, transportation and travel, as well as incidentals associated with living abroad.

4) Cost of living in Cambodia

The small Southeast Asian country of Cambodia has one of the fastest-growing economies in the world, and the country's capital, Phnom Penh, has turned into a bustling city full of skyscrapers, shopping malls and restaurants. Now, Phnom Penh is the most expensive city in Cambodia, and life in other cities of the country will cost 10-25% cheaper.

Renting housing in the capital is quite affordable, a one-room apartment in the very center of the city can be rented for less than $500 per month. One person can spend up to $1,000 a month on meals at inexpensive restaurants or cooking at home. You can also eat at local restaurants for less than $5, or drink some local Angkor beer at the bar for about $1 a bottle.

Renting housing in small towns is cheaper. For example, Battambang, the second-largest city in Cambodia, located near the border with Thailand. Renting a one-room apartment here will cost about $225.

Living here, you will find yourself in a classic French colonial-era city; the city center is dotted with art galleries, interesting architecture and great restaurants. Battambang is quite small and flat, and you can easily get around on foot or by bike.

Medical care in Cambodia has improved recently, with the country's first JCI-accredited hospital, which means the highest level of medical care by American standards. Phnom Penh Royal Hospital offers a full body examination with EKG and tests for $115. Doctors in private clinics charge only $5 for consultations, but a visit to an English-speaking doctor will cost about $25.

Cambodia uses two currencies, but the main one is the US dollar. Dollars can be withdrawn at most ATMs. Except for small purchases at the market or street food, most goods can be paid for in dollars.

3) Cost of living in Bolivia

Bolivia is not a country that often appears in the news. This small South American country is sandwiched between Peru, Argentina, Brazil, Chile and Paraguay with a rich indigenous culture. Bolivian cities balance tradition, history and modern conveniences. The climate here is moderate for most of the year.

Bolivia has one of the lowest cost of living levels. Renting a nice apartment in a good area here will cost from $200. You can have lunch in an inexpensive restaurant for $2, and a coffee in a coffee shop costs 75 cents. A weekly supply of groceries for two will cost $20, and all monthly utilities cost $50.

A taxi ride anywhere in the city costs about $1.50, a flight across the country costs $45.

A visit to a primary care doctor in Bolivia costs $15, and to a specialist $30, health insurance in a private health facility is available for $100 per month.

Tourism is also cheap in Bolivia, the country offers quite a few unique sights. You can go hiking in the Andes or explore the Amazon jungle.

2) Cost of living in Bali

The tropical Indonesian island of Bali is not only one of the most beautiful places on Earth, but also one of the cheapest. As a popular international holiday destination for decades, Bali can accommodate any budget.

Furnished houses with two bedrooms, private yards and private pools cost between $450 and $800 per month, while three-bedroom apartments in popular upscale areas can be rented for $550-1,500 per month.

The town of Ubud offers a high quality of life at lower prices than southern resorts. One-room apartments here cost less than $300 a month, and the town itself has a large selection of restaurants where you can buy local cuisine for under three dollars. Also, when choosing a place to live, you can pay attention to the towns of Amed or Kandy Dasa - here you can ensure a good quality of life for a moderate price.

When it comes to getting around, most Balinese have their own motorbikes or cars. You can hire a personal driver for $25-30 per day Regardless of what mode of transport you use, Bali is a small island and getting around it will not be expensive.

1) Cost of living in Vietnam

A good standard of living in Vietnam can be provided for $1,500 a month. In such popular expat cities as Hoi An and Nha Trang, one-bedroom apartments can be rented for as little as $300 a month. Although utilities are often not included in the rent, they will not be too expensive.

As for food, you can buy local fruits, vegetables and meat at the market very cheaply. Here you can pay no more than two dollars for a package of fresh products from the farm. Prices are slightly higher in supermarkets. A portion of local food at inexpensive local restaurants will set you back $1.50, and a meal for two at a local restaurant usually costs less than $10, including beer or soft drinks.

Traveling around the city on public transport costs about $0.31 here, although the number of buses is limited in small towns and rural areas. Taxis are also available as a means of transportation.

Entertainment in Vietnam is also cheap, you can go to the movies here for $4, a trip to museums across the country costs $2-3. Visiting a fitness club costs from $25 per month.

We will remind you! Previously, we talked about the TOP-6 cities in the world where you can live comfortably on $1,000.