Only the countries with data available for all factors were considered in the final ranking. Each factor was then scored, with overall cost of living index and average rent being weight double, countries were ranked on their cumulative score. All data used for these five factors was sourced from Numbeo. Estimates for each country were then created by averaging these rent figures. To calculate this figure, GOBankingRates first created monthly rent estimates for all countries by averaging the mean costs of (a) a one-bedroom residence in the city center and (b) one-bedroom residence outside the city center. ![]() Then, by analyzing 422 international cities for which complete data was available, GOBankingRates found each country's (6) average monthly rent. GOBankingRates began by analyzing 131 countries' (1) overall cost of living index score for each country, (2) local purchasing power, which measures the local buying power of typical incomes, (3) groceries cost of living index score, and (4) healthcare quality index score. Methodology: For this study, GOBankingRates selected measures of affordability from Numbeo. Jodi Thornton-O'Connell contributed to the reporting for this article. Vote for Your Favorite: GOBankingRates' Top 100 Most Influential Money Expertsģ Ways to Recession Proof Your Retirementġ4 Ways to Invest That Don't Involve the Stock Market ![]() Why Stealth Wealth Is the Best Way To Handle Your Money Housing is particularly inexpensive, with the average one-bedroom apartment costing just $354.19 a month. The cost of living in Russia is less than in the U.S.
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