In times of crises like these that have befallen upon our world, one might wonder, what will be that one place on the globe that can be economical? Moving overseas and leaving your homeland where you are accustomed to everything can be a costly as well as a scary proposition, and the scariest thought is the upfront expenses. However much might the moving cost, living in some cities of the world might actually improve your financial condition and living standard in the long haul. Here in this blog, let’s discuss the top ten cheapest places to live in according to worldwide cost index of 2014.
Cape Town, South Africa
Although it is the second most populous city of South Africa and one of the most important ones, Cape Town is still one of the cheapest tourist destinations and also one of the most economical cities you can live in. Cape Town is not only an economical city, but also a beautiful place to reside Located on the shores of the great Table Bay, this wonderful city was chosen as “the best place in the world to visit” in 2014 by The New York Times. Planning a change of scene, or a lifetime settlement? Cape Town, the artist’s destination might just be the place.
La Paz, Bolivia
According to 2014’s Backpacker Index, La Paz, Bolivia was one of the cheapest cities one can possibly live in. According to the same survey, a person can survive in this city with as low a budget as of around $18/day. In this little amount, a person can have a roof, three times meal, around one or two rides of public transportation and will still be left with enough money to actually go for two beers. Being Bolivia’s third most populous cities, this is a place where you will find all facilities as well as a good, financially balanced life.
Jeddah, Saudi Arabia
Jeddah is a place where most of the people travel to in order to perform pilgrimage. However, those who settle there permanently get to find out just how affordable the place is, with its perks of blended cultures. In the top of relatively “lowest” gasoline rates, the city also offers affordable food and apartments to live in. Other than that, the residents who are crafty can also find other cheap items that they can purchase in Jeddah, for instance birrell sews, one of the finest fabrics of the world. This fabric is available in Jeddah at a very low cost.
Kuala Lumpur, Malaysia
Believe it or not, Malaysia’s capital city as well as one of the most exotic ones, Kuala Lumpur happens to be one of the cheapest places you can live in. Migrating to Malaysia might be a little costly, however on the long run, you will find yourself settling here and actually saving money. Other than its metropolitan perks, the city has, in the recent past, been host to a number of events of international importance. These include sports, cultural and political events, including Formula One Grand Prix and Commonwealth Games of 1998. The city is also known for being home to the world’s tallest twin buildings.
Panama City, Panama
In only about $28/day, you can live in Panama’s capital city. Apart from its perks and pros, the city also has an unusual history. In 1971, a pirate named Henry Morgan actually set the whole city to fire. Around two years after this total destruction, the city was reestablished and officially opened again in January of 1973. However, the remains of the fire, in form of ruins can still be found, and have become a popular tourist spot. Since then, the city has advanced in all aspects, while still remaining one of the cheapest places to live in the world. Another pro of the city: its mild climate.
With its tropical wet and dry climate, Bangkok happens to be one of the cheapest cities of the world. Despite being one of the quickly developing cities, Bangkok is also one of the most affordable ones. With a budget of around $20/day, a single person can easily survive within this city and also entertain him/herself every now and then. Other than its metropolitan area, the city also offers green spots with beautifully developed parks. Bangkok is also famous for its nightlife and unlimited entertainment opportunities.
Hanoi, Vietnam can be without any doubt called one of the top cheapest cities of the world. In a budget of only about $15/day, a person can easily survive here. Located on Red River’s bank, this city doesn’t only offer an affordable living, but also beautiful views. In October of 2010, the residents of the city celebrated “1000 years since Hanoi’s establishment’, and a ceramic mosaic mural of around 4km was created in order to mark this grand occasion. Apart from this, Hanoi have had several name changes in the past; previously, it has been known as “Tong Binh” and “Long Blen”.
Apart from being one of the cheapest traveling spots, Sofia, Bulgaria is also one of most economical places to live in. Sofia is also the capital, as well as the largest city of Bulgaria. It is a Beta-city according to the “Globalization and World Cities Research Network”. Most of the country’s major cultural and business institutions and units as well as universities and research centers are centered in Sofia. Apart from that, Bistritsa River is a beautiful spot to spend your weekends at! The city also has a rich climate with sunny summers and cold winters, along with spring and summer seasons in all their glory.
When they say that if you want to start live in an affordable city, move to South East Asia. In many ways, the notion is plausible. Like many other Indian cities, Goa is one of the cheapest places of the world that you can reside in. With the streets full of cheap rickshaws to take you around, and low cost of food and entertainment, a single person can easily live in this city in under $18/day. This doesn’t even involve too much sacrifice; a regular, decent living standard with some entertainment is easily achievable here.
Finally, lets talk about Kathmandu, Nepal. This city, according to several different surveys is often ranked as the top cheapest place in the world where you can live. However, the conclusion is debatable. Being the gateway to the mighty Himalaya, Kathmandu is known for its outdoor oriented culture. Apart from its easy-going life, the city also offers a relaxed atmosphere, where often you will find workers setting their working desks outside of office in order to enjoy a sunny day. Other than work, the residents also get to enjoy the city’s nightlife and food chains, and all of that in a relatively cheaper budget. So, one can conclude that Kathmandu might just be among the best cities to travel to if you wish to live an affordable life!