The published rating of the cheapest countries to live in

Ukraine took the 24th position in the ranking.

Ukraine was on the 24th place in the ranking of the cheapest countries to live in. That rating was us money GoBankingRates portal.

Analysts compared the indexes of purchasing power, the level of rents in the consumer basket and the cost of local services of a particular country with a similar figure for new York.

According to the study, the purchasing power of Ukrainians is below the purchasing power of the people of new York by 71.9%, rents are cheaper in 91,1%, food and services – by 70% compared to new York.

Read also: Ukraine dropped one position in the ranking of countries with the innovation economy
“Incomes of Ukrainians are still low, from which the country is on the list of 50 most cheap. Kiev residents have to spend about 325 dollars a month for one person, with the exception of rent,” – said in the study.

The cheapest countries to live in were South Africa and India. Poland took the 12-th place, Russia has occupied 39-e a place, and Belarus closed top 50.

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