Get the most out of your money by staying at these 11 most affordable countries to live in Asia in 2015. There are many reasons for traveling and living in another country. One may be interested in the culture, a better working opportunity, or even because of the low cost of living. The amount of money you are struggling with today could already be a comfortable state in another country. Countries in Asia remain generally appealing because of the low costs and the diversity in culture. This is why a lot of foreign nationals are making decisions to invest and stay in these countries.
With that said, there are numerous countries that we may not be aware about that offer generally lower prices compared to a lot of places in the world. This is not only limited to Asia but you may even find your own slice of paradise in a different side of the world. You can find out more about this in our list of 7 Most Affordable Countries to Live and Retire in the World. A lower cost of living can help a lot of people as it provides more space and comfort giving one more financial resources for any other expenses needed.
Insider Monkey has compiled and made a ranking based on a study done by Numbeo with regards to cost of living. The latest data was updated just middle of this year and features the general cost of goods as well as rent in comparison to the prices of New York. We also consulted with sites such as Price of Travel and MoveHub to give you a more accurate depiction of the cost of living in these countries. Let’s find out more as we check the 11 most affordable countries to live in Asia in 2015:
11. Vietnam
74.5% Cheaper than New York Cost of Living
One thing that may attract you to Vietnam compared to their neighbor Thailand is the relatively cheaper prices of alcohol and nights out. Prices here vary though they are generally cheap. You have to exercise caution though as crime is still prevalent in poverty-ridden areas.
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10. Sri Lanka
75.7% Cheaper than New York Cost of Living
Like some countries listed here, inflation in Sri Lanka has cost the increase of goods by a bit. You probably won’t notice it that much if you’ve been living in more expensive places in the world. Daily living costs here are known to be cheap even for travelers.
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9. Armenia
76.7% Cheaper than New York Cost of Living
Cost of living may be difficult for those working in the country but it is relatively cheap compared to some countries in the world. You may notice though that some conveniences you may have at home are not existent here. Transportation is complex and an adventure and poverty is also very noticeable.
8. Indonesia
77.3% Cheaper than New York Cost of Living
Living in Indonesia is significantly cheaper compared to just travelling here. While attractions and hotels fetch a high price, goods and living here remains one of the lowest in Southeast Asia.
7. Syria
78.8% Cheaper than New York Cost of Living
Cost of living in Syria remains cheap though it’s not a very attractive country to go to with its current state. The terrorist problem in Syria is ongoing and many are afraid to go to the country in fears of being abducted or killed. Due to the problem prices of food are also steadily increasing.
6. Philippines
79.5% Cheaper than New York Cost of Living
Another popular destination in Southeast Asia, the Philippines is another good option because of the increasing development and rising economy. One still has to take care though as crime remains a persistent problem in some areas.
The cheaper costs of living in the world are found in the continuation of our list of 11 most affordable countries to live in Asia in 2015.
5. Bangladesh
79.8% Cheaper than New York Cost of Living
With a few differences here and there from other countries in this list, Bangladesh is a good destination if you’re considering low cost of living. Problems like poverty and bad working conditions still affect the country though.
4. Georgia
79.87% Cheaper than New York Cost of Living
Many are not aware of this small mountainous country but it is definitely a good destination for those seeking amazing views and rich culture. There are many differences in the culture of Georgia compared to most countries though it is very similar to Armenia.
3. Pakistan
84.3% Cheaper than New York Cost of Living
Pakistan is one of the countries that have been ranked consistently high in terms of affordability. It consistently ranks top among countries in Asia in terms of prices though in terms of popularity a lot of countries shine over Pakistan. This may be a good opportunity to take advantage of the low prices.
2. Nepal
85.1% Cheaper than New York Cost of Living
Nepal has been at the top of lists especially for budget travelers. Cost of living here is extremely low. Living at a cheaper rate in Nepal is easier and reports have had people living comfortable in the city for just around $600 a month. This includes big allowances on things like food and entertainment.
1. India
85.2% Cheaper than New York Cost of Living
India is now the most inexpensive place to live in Asia. It has been that way for quite a while and you’ll only find small differences between the different cities of India. There has also been a lot of development in India recently though poverty still remains as a problem.
This has been the list of 11 most affordable countries to live in Asia in 2015. Consider them if you really want cheap costs of living.
