Due to the constant change in Malaysian economy, things are no longer the same as they were. While salary increment remains flat, the prices of goods increase tremendously. As a result, many Malaysians, especially the low-income families, find it challenging to survive under the increased cost of living. On the other hand, these 10 countries were said to have a lower cost of living and yet they are capable of offering decent standards of amenities and infrastructure that you’d expect only in a much more expensive location.
With a population of over 2.1 million, Macedonia is located near Greece in Europe. What keeps Macedonia more attractive are their cheaper housing rental price, groceries and consumer items as compared to Malaysia.
2) Czech Republic
Czech Republic is another country with cheaper housing prices than Malaysia. Its residents can afford to pay for groceries that they need, which are said to be about 50% cheaper than other countries around the world. Located in Europe with neighbouring countries like Poland and Austria, Czech Republic has a population of only 10.6 million. With everything cheaper there, the people of Czech Republic are able to buy whatever they need without burning a hole in their pocket.
The economy of Paraguay is supported by the industries of sugar, cement and textiles. With a population of 6.8 million, Paraguay's economy is considered to be much more competitive as compared to Malaysia because of the lower cost of its houses, groceries, goods and services.
With a population of 3.3 million, Oman is cheaper to live in because of the lower housing prices and other cheaper facilities, groceries and local goods.
Despite not having the cheapest housing prices on this list, Zambia is still considered a good place to live for those, who are considering a cheaper life style. Known as one of the nations in Africa, Zambia offers its people with good pay that is enough to cover their expenses.
Kazakhstan has a population of 18.2 million people. With several natural resources that could support its economy, like oil, coal and iron ore, Kazakhstan offers its people affordable groceries and consumer goods that are said to be cheaper than most countries, including Malaysia.
No one would have thought that Kosovo is one of the cheapest countries to live in. Its prices for living facilities and materials are really low compared to other countries. With 1.9 million residents, Kosovo’s economy that is supported by mineral mining and construction materials has been really advantageous to ensure that living cheap is possible. It is said that a single person can live on less than RM1,000 in Kosovo, as rents are cheap while groceries and consumer goods are affordable as well.
It may be expensive to live in big cities, such as Mumbai and Delhi, but living in other smaller cities in India that are not overpopulated can be a lot cheaper.
9) South Africa
Who would have that South Africa is considered one of the cheapest places to live in? Whenever we think of Africa, we think of those outdated scenes and wild animals. As the world’s largest producer of platinum, gold and chromium, South Africa’s economy is able to allow its residents to live in peace, financially. The reason why South Africa is on this list is because of its cheaper housing rental, consumer goods and groceries that made them so affordable for the people.