According to GoBankingRates cost of living index, Pakistan is the ‘cheapest country in the world to live in,’ with a cost of living index of 18.58, followed by Afghanistan 24.51, India 25.14, and Syria 25.31. It’s also one of the cheapest countries to visit in the world.
To analyze which countries are affordable, GoBankingRates uses four metrics.
Rent index, local purchasing power index, consumer price index, and grocery index are among the metrics used, and the data is compared to the cost of living in New York City, which is considered to be one of the world’s most expensive cities.
The index confirms that everyday commodity costs in Pakistan are stable, making life in Pakistan the most affordable and cheapest in the world.
On the other hand, according to GoBankingRates, the most costly countries to live in are Norway (104.49), Switzerland (122.67), Bermuda (138.22), and the Cayman Islands (141.64).
The cost of living in all four of these countries is higher than in New York City.
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