1. India
Expatistan ranking: 5
Numbeo ranking: 3
Local purchasing power ranking: 1
Inflation rate: 4.9%
Why India deserves first place on our list of 25 cheapest countries to live in the world? Is it because of the cheap housing, transportation or fresh food? Probably yes. Not to mention Tata Nano, the car manufactured in India that is one of the world’s cheapest cars. It costs around $2500 in India and twice as much in the USA. If you can get used to the dirt, heat and constant crowds come to India and experience the cheapest life in the world.