As a Nigerian, do you have a dream of living and working abroad? While this may seem daunting, it’s important to know that living outside the shores of Nigeria doesn’t have to be super expensive.
Based on analysis by three different reputable organizations (Living Cost, Numbeo, and Global Economy) taking into consideration factors in the cost of various needs such as housing, groceries, taxes, and healthcare – The three cheapest countries to live in are Egypt, Pakistan, and India. These countries are notable destinations for expats, retirees, digital nomads, and individuals interested in reducing their expenses.
NB: Travel costs and immigration costs are not included.
Pakistan
Pakistan is considered considerably cheap to live in due to various factors. The cost of living in major cities, such as Islamabad, Lahore, and Karachi, is notably low. According to an analysis by SEO Analyst Narmeen Taimoor, housing costs, including rent for single-person accommodations, are stated to be as affordable as $85 in Lahore and Karachi, and $110 in Islamabad.
Grocery expenses are also reasonable, with estimates for an individual tourist ranging around $85 per month in Lahore. Utilities, including electricity bills, remain within a modest range, and transportation costs, although lacking organized public options in some cities, are described as affordable, with monthly fuel expenses for personal cars around $140. Dining out is also economical, with restaurant meals costing less than $3 in Lahore and less than $2 in Karachi. Except for Islamabad, which is slightly pricier, the overall cost of living across Pakistan is relatively consistent, dependent on individual preferences, standards, and family needs. These factors collectively position Pakistan as one of the world’s cheapest countries to live in, as per World Data.
Egypt
Living in Egypt as an expatriate comes with the advantage of a significantly lower cost of living compared to Western countries. Based on the analysis by William Russell, the 2022 data reveals that the cost of living in Egypt is approximately 86.3% lower than in the United Kingdom and 65% lower than in the United States. Despite lower average salaries for both high-skilled and low-skilled workers, expatriates earn, on average, three times more than their local counterparts. This, coupled with the country’s stable economy and consistent GDP growth, allows expats to lead comfortable lifestyles. However, recent economic challenges, including the impact of the COVID-19 pandemic and the fallout from the Russian invasion of Ukraine, have led to economic upheaval, inflation, and potential increases in the cost of living.
Apartment rentals in Egypt are notably affordable, with average prices much lower than those in Western countries. Household bills, including utilities and internet, are generally low, although a cost of living crisis may lead to potential increases. Education in Egypt is reasonable, with free state education and international schools costing between US$1,800 to US$13,000 per year. Healthcare is affordable, with both public and private options available, and public transport is cheap, with Cairo having an extensive metro system. Despite economic challenges, expatriates can maintain a comfortable lifestyle by being mindful of their budget, taking into account factors like income tax, rent or mortgage payments, and monthly bills, and setting a realistic monthly budget.
India
India is considered a cheap country to live in for several reasons. The low cost of living makes it an attractive destination for expats. Firstly, the cost of accommodation is notably low, with rents ranging from $134 to $600 for different types of residences. This is considered inexpensive, even for luxury apartments. There is a diverse range of culinary options, with street food being particularly affordable, making eating out a cost-effective choice. Other living expenses, such as groceries, utilities, transportation, and even recreational activities like gym memberships and dance classes, are also as budget-friendly. The diverse culture, job opportunities, and unique experiences add to the appeal of choosing India as a place to live for Nigerian immigrants and digital nomads.
Bangladesh
Living in Bangladesh is cost-effective, with affordable prices for various necessities. Accommodation and food are budget-friendly, with a meal at an inexpensive restaurant costing around $2.13 and a three-course meal for two at a mid-range restaurant priced at $8.88. Market prices vary, but essentials like a loaf of bread ($0.50), 1 liter of milk ($0.79), and a dozen eggs ($1.16) remain reasonably priced. Transportation, mainly rickshaws and taxis, is economical, with a one-way local transport ticket at $0.35. Monthly utilities for an 85m2 apartment cost approximately $30.37. Leisure activities, including a cinema ticket ($4.14) or a fitness club’s monthly fee for one adult ($19.57), are affordable. Clothing and shoes are reasonably priced, such as a pair of jeans ($30.87) or a summer dress ($26.01). Short and long-term rentals offer cost-effective housing solutions, with a one-bedroom apartment in the city center priced at $135.82 per month. Real estate options are diverse, catering to various budgets and preferences.
Syria
Nepal
Nepal, a country heavily reliant on tourism for income, is characterized by a low standard of living and a simple lifestyle. The cost of living index is 24.8, emphasizing its affordability. While the difference between the rich and poor is not stark, the overall lifestyle is less lavish compared to developed nations.
In terms of specific costs, meals in inexpensive restaurants can be as low as $2, and groceries are affordable, encouraging home-cooked meals. Transportation poses challenges with poorly organized public transport, but prices are relatively low, with a one-way ticket costing $0.19. Utilities, including electricity, heating, and water, for a larger apartment amount to just over $20. Leisure activities are reasonably priced, and clothing is affordable. Rent for an apartment in the city center is $120 per month.
A significant portion is spent on markets and supermarkets for food, followed by transportation, rent, restaurants, and basic utilities. Despite a low minimum wage (above $132), the average salary in Nepal struggles to cover essential expenses, making it challenging for citizens to make ends meet. However, for tourists, Nepal offers a financially pleasant surprise due to its overall low prices compared to Western countries.
Tunisia
Living in Tunisia is considered cheap as the cost of living is generally described as inexpensive, covering various aspects such as dining out, transportation, accommodations, and engaging in activities. Meals, street food, drinks, accommodations (including Airbnb options), car rentals, public transportation, groceries, and healthcare are quite affordable varying from 5 TND to 100 TND.
Living in Algeria, particularly in the capital city of Algiers, is generally described as moderately priced and affordable. The cost of living is considered relatively reasonable compared to other major cities in Africa and around the world. Accommodation costs in Algiers vary, with the average rent for a 1-bedroom apartment ranging from $445 to $690 and a 2-bedroom apartment from $639 to $1,078. Dining out is also affordable, with an estimated cost of around $8.50 per person for dinner at a moderately priced restaurant. Transportation options, including taxis, tramways, buses, and metro lines, are mentioned as relatively cheap. Basic utilities for an 85m2 apartment, covering electricity, heating or cooling, water, and garbage, are estimated to be around $36.73 per month.
Somalia
The cost of living in Somalia is relatively low compared to other countries with rental prices for apartments ranging from $200 to $800 per month, and a nice 1 bedroom apartment costing between $200 and $400. Additionally, dining at a moderately priced restaurant is noted to be in the range of $5 to $15 per person. Necessities like food, water, and shelter are also relatively inexpensive, contributing to the overall low cost of living in Somalia.
Keep in mind that some of these nations may have a very high cost of living, particularly in areas surrounding large cities. Thus consider regional disparities within a country when evaluating the overall cost of living.
Note that obtaining a visa and residency permit will vary greatly depending on your qualifications, the country’s immigration policies, and your intended activities (work, study, retirement). While living costs may be low, you’ll need to find employment to support yourself. Hence, research job markets, required skills, and average salaries in your field.
In addition, depending on the area you choose to migrate to, you may need to adapt to a new language and culture which can be challenging. Consider your language skills and how comfortable you are integrating into a different cultural environment.
Also take into consideration factors like healthcare, infrastructure, security/safety, education, climate, and proximity to loved ones.
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