5 Cheapest Countries in the World

3. Nigeria

NCLI Ranking: 24

EI GFSI: 7

Average Score: 15.5

One of the least expensive places to live and work is Nigeria. The country’s average cost of living is 58.9% less than that of the United States. The average rent in Nigeria is 27.5% less than it is in the US. Without rent, the average monthly cost for a single person in Nigeria is $463.5.