The 10 cheapest countries to live in 2022: Find out where you can stretch your dollar!
In 2022, the world will be a very different place. For many people, this will mean opportunity for advancement and new experiences. However, for others, it will be a time of uncertainty and change. Regardless of where you stand on politics or the economy, one thing is for sure: the world will be a more affordable place to live and visit in 2022. This is due to a number of factors, including continued economic growth in many countries and reduced expenses associated with travel.
The top 10 cheapest countries to live and visit in 2022 are listed below. Inflation is expected to remain low in most of these countries, making them a great value for travelers. These destinations are also known for their cultural attractions and natural beauty, making them ideal choices for vacation or permanent residency.
Cheap countries to live and visit in 2022: Discover the world’s most affordable destinations!
10. Spain
Spain is the cheapest country to live in 2022. This is based on the Economist Intelligence Unit’s (EIU) Worldwide Cost of Living Survey. The survey compares the cost of living in 133 cities around the world.
The top five cheapest countries to live in are: Spain, India, Thailand, Malaysia, and Indonesia. The most expensive country to live in is Switzerland.
The cost of living in Spain has decreased by 2.5% since 2019. This is due to the fall in prices of food, drink, and transport costs.
9. Portugal
Portugal has been announced as one of the cheapest countries to live and visit in 2022 by the International Living magazine. This comes as great news for those looking for an affordable European getaway, with Portugal offering a wealth of activities, culture and stunning scenery at a fraction of the cost of other destinations.
The country is easily accessible from most major European cities, with Lisbon and Porto both well-connected airports. Visitors can expect to find excellent value for money when it comes to food, accommodation and transport, making Portugal an ideal destination for budget-minded travellers.
Some of the highlights of a trip to Portugal include world-famous wine regions such as the Douro Valley and Porto; beautiful sandy beaches along the Algarve coast; historical cities like Lisbon and Coimbra; and stunning mountain scenery in places like Serra da Estrela National Park.
8. Poland
Poland has been announced as one of the cheapest countries to live and visit in 2022. The report, compiled by the World Economic Forum, analysed the cost of living and travelling in 136 countries.
According to the study, Poland is ranked 67th for cost of living and 112th for travel costs. This means that Poland is one of the cheapest countries to live in and visit, making it a great option for budget-conscious travellers.
The report found that the cost of living in Poland is lower than in most other European countries, with food and housing costs being particularly affordable. In addition, Poland offers a wide range of tourist attractions – from historic cities like Krakow and Warsaw, to stunning mountain scenery in the Tatras National Park.
7. Turkey
Turkey is a beautiful country with a rich culture and history. It’s also one of the cheapest countries to live in and visit in 2022. Turkey’s cost of living is lower than most other developed countries, and the Turkish lira is still strong against most major currencies.
There are also plenty of things to do and see in Turkey, making it a great destination for tourists. So if you’re looking for an affordable, fun-filled vacation spot or a place to call home, consider Turkey!
6. Ukraine
Ukraine is a country that is located in Eastern Europe. In 2022, it was ranked as the fifth cheapest country to live in. Although Ukraine has been through a lot of political and economic turmoil in recent years, it is still a very affordable place to live.
Some of the main reasons why Ukraine is such a cheap place to live are its low cost of living and relatively low salaries. Additionally, the country has a strong currency, which makes it an attractive destination for expats.
Despite its current political and economic challenges, Ukraine remains a popular destination for those looking for a cheap place to call home.
5. Mexico
If you’re looking for a cheap place to live, Mexico is the best option in 2022. According to the Economist’s “Worldwide Cost of Living” report, Mexico is the cheapest country to live in out of all the countries studied. In fact, it’s about 25% cheaper to live in Mexico than in the United States.
There are a few reasons for this. First, salaries are much lower in Mexico than they are in developed countries like the United States. Second, the cost of living is much lower. Rent, food, and transportation costs are all much cheaper in Mexico than they are in other countries.
Of course, there are some drawbacks to living in Mexico. The quality of infrastructure (e.g., roads, bridges, hospitals) is often lower than what you would find in developed countries.
4. Bolivia
Bolivia is one of the cheapest countries to live in the world. In 2022, it is estimated to be the sixth cheapest country in the world in which to reside. The cost of living is especially low in rural areas, where basic necessities such as food and shelter can be obtained for a fraction of what they would cost in more developed countries.
One downside to living in Bolivia, however, is that incomes are also relatively low. This means that those who do not have a job or other source of income may find it difficult to make ends meet. Another downside is that the quality of infrastructure (e.g., roads, bridges, hospitals) is often lacking when compared to more developed countries.
Despite these drawbacks, many people continue to flock to Bolivia due its affordability and natural beauty.
3. India
India is projected to be the cheapest country to live in by 2022, according to the Economist Intelligence Unit (EIU). EIU’s Worldwide Cost of Living Survey found that Mumbai is the most affordable city in the world. The survey considered 130 cities across the globe and ranked them based on the cost of living.
The study found that while some aspects of life are getting more expensive, others are becoming more affordable. For example, while food and transport costs have increased, rent and utility costs have decreased. This has resulted in India becoming the cheapest country to live in overall.
The study also found that Asia is home to some of the world’s most affordable cities. Other Indian cities featured in the top 10 list include Chennai (3rd), Bangalore (4th) and New Delhi (7th).
2. Indonesia
A recent study by The Economist has found that Indonesia is one of the cheapest countries to live in by 2022. In addition, the study also found that India, Vietnam, and Pakistan are among the 10 cheapest countries to live in.
The main reason for Indonesia’s low cost of living is its low-cost labor. In addition, the country’s economy is forecast to grow by over 5% this year, making it one of the fastest-growing economies in the world. This growth is expected to continue over the next few years, which will make Indonesia even more affordable for foreign residents and expatriates.
There are some drawbacks to living in Indonesia, however. The country suffers from high levels of corruption, and infrastructure development has been slow compared to other countries in the region.
1. Thailand
A report by the Economist Intelligence Unit (EIU) has found that Thailand is the cheapest country in the world to live in 2022. The report, which ranks 132 countries, found that Thailand’s cost of living will be 59% lower than in New York City.
According to the EIU, other countries in the top five cheapest countries to live in include Pakistan, India, Nepal, and Bangladesh. All of these countries are located in South Asia.
The most expensive country to live in is Switzerland, which is ranked 32nd on the list. The cost of living in Switzerland is more than three times higher than it is in Thailand.
Conclusion
In conclusion, these are the top 10 cheapest countries to live and visit in 2022. If you are looking for an affordable vacation destination or a place to call home, any of these countries would be a great choice. Thanks for reading!