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Belarus Hits Top 50 Cheapest Countries List To Live Or Retire

Belarus made it to the list of the 50 cheapest countries to which Americans could move to, live in and retire.

Buy a plane ticket, put your house on the market and welcome to Belarus!

belarus cheapest countries

The dream of living abroad is one that many Americans share and Belarus can become a great destination, according to GOBankingRates.

Using information from online pricing database, the site assessed foreign nations to determine which were the most budget friendly.

Read also: How much Grodno earned on lavish visa-free tourists in 2017

Measuring each against prices found in New York City, the authors ranked countries based on four key affordability metrics and came to the following conlusion:

  • Local purchasing power in Belarus is 63.57% lower
  • Rent is 87.79% cheaper
  • Groceries are 72.81% cheaper
  • Local goods and services are 66.16% cheape

Belarus has dropped ten places in the latest ranking, coming in at 40th place in 2017 compared to 50th place a year earlier.

belarus cheapest countries

With about $450 in monthly estimated expenses plus about $440 in monthly rent for a one-bedroom apartment in the center of Minsk, a single person can live comfortably on under $1,000 a month, the website explains.

Read also: Salaries in Belarus keep approaching $500 target

Among five other most affordable countries to live in are Kenya, followed by Iran, Estonia, Peru, Slovenia and Oman.

Sources: TUT.BYgobankingrates.com