Skip to content
Jennysatthewharf

Jennysatthewharf

best property

Primary Menu
  • apartment
  • home improvement
  • downtown
  • buildings and land
  • Property and land
  • cheapest
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • The cheapest places to live in the world in 2022
  • cheapest housing

The cheapest places to live in the world in 2022

By Janet M. Foster 2 years ago

[ad_1]

Money can’t buy happiness, but affordability of a city sure does have a big impact on wellbeing. With the cost of living rising, here are some of the places where you can live comfortably on a budget.

Money can’t buy happiness, but the relative affordability of a city does have a big impact on wellbeing.

Australia’s home prices were also recently found to be among the least affordable in the world the globe, as new data revealed Melbourne and Sydney are in the top five least affordable cities for local home buyers.

RELATED: Where you can buy an NSW house for under $40,000

Surprise spot where Aussie sellers are happiest

Mega-mansion’s jaw-dropping $504 million discount

New mum wins $6.6 million mansion with $18 lotto ticket

Sydney is in fact the second least affordable city to buy a house, with the median price 15 times more than the average household income in 2021, according to Demographia’s International Housing Affordability 2022 report.

Internationally, the costs of living in big cities in the US like New York City and San Francisco in 2022 are well known — tiny apartments for giant rents, expensive public transit, laughably-priced food and entertainment affordable only for those with money to burn.

In fact, the average rent in Manhattan just hit an all-time record of US$3,700 this month, according to The Post.

Have all these numbers made you feel like looking to live somewhere that isn’t so exorbitantly costly?

These locations are the cheapest places to live in the world and the cheapest places to retire.

Vietnam

For individuals looking to live where their buck goes the furthest, the publication International Living crunched the numbers for their Annual Global Retirement Index and has the answer: The most economical destination in 2022 is Vietnam.

“Expat couples can enjoy the benefits of living in modern, comfortably furnished homes and apartments in good neighbourhoods, eat meals out regularly, have a housekeeper, and indulge in plenty of travel and extras, all on a budget that will probably never exceed $1,500 per month,” International Living reports.

The nation has seen rents drop by nearly 50 per cent in certain parts of the country during the last year, luxury-grade one-bedroom homes can currently be rented for just $300 a month and groceries are also noted for being priced extremely low.

Bolivia

Bolivia came in second (tying with Bali).

The nation, known for its Amazon region and the Andes Mountains, isn’t among the more popular South American tourist destinations, which helps keep costs down for locals.

Rents start at just $200 for quality apartments in decent, central neighbourhoods, and both food and transit are also cheap by inner city standards:

Lattes will run drinkers 75c, and couples looking to splurge on a nice sit-down meal can anticipate a bill in the $30 total range, International Living reported.

A short taxi ride is often no more than $1.50, and flying across Bolivia costs around $45. Medical care, groceries, and hired hands — including a gardener or maid — are also all rather reasonably priced.

MORE: Jonah Hill lists NY loft while living in Hawaii

Inside Hamish and Zoe Blake’s new $4m hide-out

Bali

Living on this Indonesian island ends up costing many expats approximately the same as living in Bolivia, but with a very different flavour.

Although it has a sizeable tourist economy, the popularity has helped create an infrastructure for travellers, with options for every budget.

“Several couples I’ve met who live in the quiet, seaside communities of Sanur and Canggu say that they live comfortably on budgets of less than $1,500 per month, which includes rent for a two-bedroom house, all utilities, eating out frequently, and buying some imported foods. Some upscale towns like Seminyak and Legian are more expensive, but they’re still cheap when compared to U.S. prices,” International Living correspondent Wendy Justice said.

Manchester

The UK isn’t exactly known for being cheap. But if you’re crunching the affordability numbers for isle cities, Manchester is arguably the cheapest.

The northwest UK city was ranked the least expensive metro to currently live in on the globe by Time Out, which surveyed 27,000 readers for its Time Out Index earlier this year.

According to 90 per cent of survey respondents, things don’t ‘cost a lot’ in Manchester, despite it offering a diverse restaurant scene and plenty of transit and culture options.

“The city is also home to museums and galleries, such as the Manchester Art Gallery (free entry), the Science and Industry Museum (also free), the Football Museum (paid), and the People’s History Museum (free),” wrote 14-year resident Zesha Saleem for Insider, adding that the average Manchester one-bedroom apartment costs a little under a $1,000 a month to rent.

Wichita

As far as the US goes, a report published by RentHop in Nov. 2021 found Wichita in Kansas to be the nation’s most affordable city, with median studio rent coming in at $500 a month.

This determination was made based on the fact that a single person making the average income in Wichita only needs to spend 13.63 per cent of their salary on housing to live alone.

MORE: Baz Luhrmann selling $27m eccentric house

Bruce Willis’ huge beach paradise is to die (hard) for

In contrast, the median rent in the next most affordable city, Columbus, Ohio, is only $125 more or $625, a relative but significantly higher amount.

While many people may not be familiar with Wichita, it’s home to many more people than plenty of smaller cities: The metro area boasts a population of nearly 650,000.

Broken Hill

While few people would think New South Wales would be the place to buy the cheapest home — a house recently came to market for a shockingly low $39,950 — could be the cheapest home in Australia.

Sitting on 640 sqm – the property does need some serious work, but does have three bedrooms and one bathroom. Broken Hill’s median house price is $155,000, and houses cost around $260 per week to rent.

[ad_2]

Source link

Tags: A Real Estate Agent, A Real Estate Agent Is Able To, A Real Estate Agent Salary, A Real Estate Attorney, A Real Estate Broker, A Real Estate Investment Trust, A Real Estate Lawyer, A Real Estate Tax Lien Is, B Real Estate Bendigo, B Real Estate Broker, B Real Estate Central Coast, B Real Estate Dubai, B Real Estate Logo, B Real Estate Nz, B Real Estate School, B Real Estate Wynnum, B.C. Real Estate Market Forecast 2021, C Real Estate Logo, C Real Estate Mallorca, C&R Real Estate, Real Estate Agencies, Real Estate Agent, Real Estate Agent Salary, Real Estate Agent Salary Nashville, Real Estate Agents Near Me, Real Estate Appraiser, Real Estate Attorney, Real Estate Attorney Memphis, Real Estate Books, Real Estate Broker, Real Estate Broker Salary, Real Estate Broker Vs Agent, Real Estate Brokerage, Real Estate Brownsville Tn, Real Estate Bubble, Real Estate Business, Real Estate Classes, Real Estate Classes Memphis, Real Estate Classes Memphis Tn, Real Estate Classes Online, Real Estate Companies, Real Estate Companies Memphis, Real Estate Companies Near Me, Real Estate Contract, Real Estate Express, Real Estate License, Real Estate License Tn, Real Estate School Bartlett Tn, Real Estate School Memphis

Continue Reading

Previous The Ultimate Guide to Moving and Living in Santa Rita, Guam
Next Janice Stromar elected chair of British Columbia Real Estate Association | REM
October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    

Archives

Recent Posts

  • Real Estate Laws in Louisiana – What You Should Know As a Property Owner
  • Finding Right SBA Loan For Your Business
  • Ebooks for Children: Good News, Bad News or Both?
  • Home Improvement Tips – Should You Renovate During a Recession?
  • Home Improvement Tips That Are Easy To Try Out

BL

Tags

In Real Estate In Real Estate A Sales Associate Is Always In Real Estate License Lookup In Real Estate What Does Contingent Mean In Real Estate What Does Pending Mean In Real Estate What Does Under Contract Mean In Real Estate What Is An Adu In Real Estate What Is A Short Sale M Real Estate Group M Real Estate Group Albuquerque M Real Estate Hudson M Real Estate Logo M Real Estate Ltd M Real Estate Plan De La Tour M Real Estate Pointe Claire M Real Estate Reviews O'Brien Real Estate O'Connor Real Estate O'Dwyer Real Estate Management O'Neal Real Estate O'Neil Real Estate O Real Estate Etf O Real Estate Logo O Real Estate Meaning P Real Estate Agents P Real Estate Logo Real Estate Arlington Tn Real Estate Naics Code Real Estate Nashville Tn Real Estate Near Me Real Estate News Real Estate News Today Real Estate Nft Real Estate Offer Letter Real Estate Office Real Estate Office Jobs Real Estate Offices Near Me Real Estate Olive Branch Ms Real Estate Online Classes Real Estate Outlook 2022 Real Estate Oxford Ms Real Estate Panola County Ms Real Estate Photography Real Estate Photography Jobs Real Estate Practice Exam
jennysatthewharf.com | Magazine 7 by AF themes.

WhatsApp us