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SA is officially the cheapest country in the world to live in
Posted by on Feb 23rd, 2016

So while locals are complaining about the state of the economy and weak rand the rest of the world is considering moving here because South Africa has been ranked as the cheapest country to live and retire in. The study by GoBankingRates and measured four metrics to determine cost of living. They took into account the local purchasing power index, the rent index, the groceries index and consumer price index and compared it to New York City. Out of the 112 countries in the report South Africa is the cheapest country to live or retire.

south africa cheapest country to live

SA was followed by India, Kosovo, Saudi Arabia, Kazakhstan, Zambia, Oman, Paraguay, Czech Republic and Macedonia.

According to the report, living in South Africa compared to NYC:

Local purchasing power is 26.9% higher
Rent is 87.5% cheaper
Groceries are 71% cheaper
Local goods and services are 65.8% cheaper

Now you know.

More on why SA was ranked first HERE.

sammmy says:
February 02, 2016 at 9:26 am

No ways! Rent is relatively cheaper in the UK. Ive seen flats in Cambridge, England going for 500- 1500 £ and if you look at similar ones here, you would pay 3000 upwards…

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