Nigeria has been ranked second globally in countries with lowest cost of living, according to Numbeo’s cost of living ranking 2024.
The cost of living is the amount of money needed to sustain a certain comfort level in a location.
The cost of living covers basics such as housing, groceries, taxes, and healthcare.
Some countries have a very high cost of living, particularly in areas surrounding large cities.
Pakistan was ranked as the country with the lowest cost of living while Nigeria and Libya came second and third respectively.
India, Afghanistan and Kenya were ranked fourth, fifth and sixth respectively.
At the bottom are Switzerland and Bermuda, which are ranked as the most expensive countries with the highest cost of living.
Here is a list of countries with lowest cost of living (Lowest to Highest)
1. Pakistan
2. Nigeria
3. Libya
4. India
5 Afghanistan
6. Kenya
7. Bangladesh
8. Syria
9. Madagascar
10. Rwanda
11. Tanzania
12. Ghana
13. Nepal
14. Uzbekistan
15. Iran
16. Belarus
17. Kyrgyzstan
18. Paraguay
19. Argentina
20. Bolivia
21. Indonesia
22. Egypt
23. Somalia
24. Ukraine
25. Tunisia
26. Algeria
27. Namibia
28. Morocco
29. Iraq
30. Botswana
31. Russia
32. Vietnam
33. Uganda
34. Malaysia
35. Colombia
36. Azerbaijan
37. Kosovo
38. Peru
39. Sri Lanka
40. Mongolia
41. Ecuador
42. Nicaragua
43. South Africa
44. Kazakhstan
45. Philippines
46. Turkey
47. North Macedonia
48. Fiji
49. China
50. Moldova
51. Bosnia And Herzegovina
52. Brazil
53. Thailand
54Zimbabwe
55. Honduras
56. Georgia
57. Guatemala
58. Serbia
59. Cambodia
60. Myanmar
61. Dominican Republic
62. Romania
63. Armenia
64. Venezuela
65. Bulgaria
66. Cameroon
67. Zambia
68. Mauritius
69. El Salvador
70. Albania
71. Montenegro
72. Chile
73. Poland
74. Palestine
75. Ethiopia
76. Mexico
77. Jordan
78. Kuwait
79. Oman
80. Hungary
81. Ivory Coast
82. Senegal
83. Guyana
84. Mozambique
85. Cuba
86. Croatia
87. Portugal
88. Saudi Arabia
89. Lebanon
90. Panama
91. Slovakia
92. Belize
93. Spain
94. Lithuania
95. Taiwan
96. Czech Republic
97. Slovenia
98. Maldives
99. Japan
100. Latvia
101. Brunei
102. Bahrain
103. Trinidad And Tobago
104. Estonia
105. Jamaica
106. Costa Rica
107. Qatar
108. Greece
109. Uruguay
110. Malta
111. Yemen
112. Macao (China)
113. Cyprus
114. United Arab Emirates
115. Italy
116. Isle Of Man
117. Sweden
118. Germany
119. Belgium
120. South Korea
121. United Kingdom
122. Netherlands
123. Puerto Rico
124. Israel
125. Luxembourg
126. Finland
127. France
128. Ireland
129. Austria
130. New Zealand
131. Guernsey
132. Canada
133. Hong Kong (China)
134. Australia
135. Jersey
136. United States
138. Denmark
139. Barbados
138. Norway
140. Singapore
141. Iceland
142. Bahamas
143. Us Virgin Islands
144. Cayman Islands
145. Switzerland
146. Bermuda
