The world has issues. Issues can’t be denied. Business Insider surveys for the last 5 years have all had safety, security, and well-being as one of the world’s ten most critical issues. This implies that the cost of living, which determines affordable cities worldwide, is a critical issue.
Sometimes, you want to taste what life is like in other places, and knowing which places are affordable can be an immense relief. To provide an understanding of what affordable cities are global, it ranked cities because of the cost of living.
This article looks at the top 15 most affordable cities in the world. It promises to be an interesting read.
Table of contents
- What is an affordable city?
- What does the cost of living mean?
- Any diversity?
- 15 Most Affordable Cities In The World To Live In
- #15 – Thessaloniki (Greece)
- #14 – Panama City (Panama)
- #13 – Tallinn (Estonia)
- #12 – Oporto (Portugal)
- #11 – Riga (Latvia)
- #10 – Seville (Spain)
- #9 – Bangkok (Thailand)
- #8 – Beijing (China)
- #7 – Montevideo (Uruguay)
- #6 – Murcia (Spain)
- #5 – Zagreb (Croatia)
- #4 – Vilnius (Lithuania)
- #3 – San Jose, Costa Rica (Costa Rica)
- #2 – Bratislava (Slovakia)
- #1 – Port Louis (Mauritius)
What is an affordable city?
An affordable city is one in which the average resident’s cost of living, lifestyle, and safety is considered. An affordable city is one where food, living, entertainment, and transportation are relatively easy.
There are many affordable cities in the world, and contrary to what many may believe, some cities they believe to be expensive or cheap are affordable.
What does the cost of living mean?
This means lots of things to many people, and for the most part, they are not wrong. While we may choose to go along with Cambridge dictionary’s definition, which defines it as “the amount of money that people need to spend to buy basic goods or services such as food, clothes and a place to live”, or Mercer’s definition, which adds transportation and entertainment to that, it is in more ways than not, subjective. This is better understood on “ground.”
Yes, most definitely. The search for the most affordable cities in the world for a living did not spare any continent or region in its search. Some places may not have made a list, but they were all considered.
15 Most Affordable Cities In The World To Live In
Here it goes…
#15 – Thessaloniki (Greece)
This city, the second-largest city in Greece and home to about a million inhabitants, is the 15th most affordable city. This city, home to many Byzantine and Paleochristian monuments and a UNESCO World Heritage Site, is a popular tourist attraction in Greece. The city offers affordable food, housing, and personal care. A single person’s living cost in Thessaloniki is estimated at 1,009 euros.
#14 – Panama City (Panama)
Panama’s capital and largest city, home to an urban population of more than 1.5 million, is the 14th most affordable city. This city, whose old ruins from 1671 have become a tourist attraction, offers affordable basic lunchtime food at 15 Balboa. A single person’s living cost in Panama City is 1,653 Balboa.
#13 – Tallinn (Estonia)
Tallinn, the most populous city of Estonia, is also quite affordable. The city offers basic lunch for €9 and monthly rent for furnished accommodation in a specific area for €697. Tallinn, Estonia’s leading financial, industrial, and cultural center, is home to less than 500 000 inhabitants. The cost of living for a single person in Tallinn is 1,425 euros.
#12 – Oporto (Portugal)
This city which houses less than 300,000 people compared to its metropolitan area, which has about 1.7 million inhabitants, is our 12th most affordable city. Oporto, or Porto, is home to the National Monument of Portugal and a UNESCO World Heritage Site that offers affordable food, housing, and transportation. The cost of living for a single person in Oporto is 1,314 euros.
#11 – Riga (Latvia)
This city, whose cost of living is cheaper than 62% of cities in the world, is our 11th most affordable city. In Riga, a basic lunch goes for €8, monthly rent for furnished accommodation in a specific area goes for €508, and a monthly ticket for public transportation goes for €47. This capital city of Latvia, which houses a third of the country’s total population of about 2 million, has a rich culture. The cost of living for a single person in Riga is 1,132 euros.
#10 – Seville (Spain)
Seville, the second cheapest city in Western Europe, is our 10th most affordable city. Seville is the fourth largest city in Spain and the 30th most populous municipality in the European Union. This city which houses three UNESCO World Heritage Sites, is very affordable. The cost of living for a single person in Seville is 1,216 euros.
#9 – Bangkok (Thailand)
Bangkok, Thailand’s capital and most populous city, is our 9th most affordable city. The cost of living in Bangkok is cheaper than in 63% of cities worldwide. The city’s current population is about 10.5 million people and houses about 15.3% of the country’s population. An essential meal in Bangkok goes for about 220 Baht. The cost of living for a single person in Bangkok is 50,906 baht.
#8 – Beijing (China)
Beijing, located in North China and the capital of the People’s Republic of China, is the world’s most populous city. Beijing, whose economy is the most developed in China and the second-largest city in China after Shanghai, is the 8th most affordable city in the world. The cost of living for a single person in Beijing is estimated to be about 13,162 Yuan.
#7 – Montevideo (Uruguay)
This city of about 1.3 million people, about a third of the country’s total population, is the 7th most affordable city in the world. Montevideo, Uruguay’s capital and largest city, is described as a vibrant, culturally rich, and affordable place. Monthly costs for a single person in Montevideo are estimated at 52 706 pesos.
#6 – Murcia (Spain)
This city known for its long agricultural tradition, is the 6th most affordable city in the world. The seventh-largest city in Spain and located in the country’s southeastern part is affordable. The monthly cost for a single person living in Murcia is estimated to be about 1 178 euros.
#5 – Zagreb (Croatia)
Zagreb, Croatia’s capital and located in the north-western part of the country, is the 5th most affordable city in the world. This fantastic capital which has given diverse experiences to all those who have visited is very affordable. A single person’s living cost in this green, welcoming city is estimated to be about 8,624 Kuna.
#4 – Vilnius (Lithuania)
Vilnius, Lithuania, is a city that reflects many eras and cultures. It is a city that has left unforgettable memories in the minds of visitors. This capital city of Lithuania, and the largest city with a population of just below 600,000, is a very affordable city to live in. Monthly costs for a single person living in Vilnius is estimated at 1 144 euros.
#3 – San Jose, Costa Rica (Costa Rica)
San Jose, the capital and largest city in Costa Rica, is home to about 330,000 people. The city is known for its high quality of life, security, and globalization. The monthly cost for a single person living in San Jose, Costa Rica, is estimated at about 728,388 colons.
#2 – Bratislava (Slovakia)
Bratislava is Slovakia’s capital and largest city, whose cost of living is cheaper than living in 66% of the world’s cities. This old city, influenced by people of many nations and religions, is home to about 430,000 people.
The cost of living for a single person in this city ranked as the third richest region in the EU by GDP, is estimated to be about 1,280 euros.
#1 – Port Louis (Mauritius)
Port Louis, the capital of Mauritius, is a city with a very rich history and is the most affordable city in the world to live in. It is the center of the economic activity of this former French colony.
Port Louis is home to about 200,000 inhabitants. The cost of a single person living in Port Louis is estimated to be about 46,708 rupees. It is a place that is worth all the surrounding hype.
People who read this article end up reading Become an Airbnb Host and Make lots of Money. Check it Out
This list of the most affordable places in the world to live in is not an exhaustive one. Interesting things about these places were written to give background to some of the things stated. If you have wanted to visit any of these places, this should serve as a glimpse into what living in these locations is like for the average resident.