Nigeria ranks second with lowest cost of living 2024

Samuel Oamen
January 29, 2024

Nigeria has been ranked second globally in countries with lowest cost of living, according to Numbeo’s cost of living ranking 2024.

Numbeo is the world’s largest cost of living database.

The cost of living is the amount of money needed to sustain a certain comfort level in a location.

The cost of living covers basics such as housing, groceries, taxes, and healthcare.

Some countries have a very high cost of living, particularly in areas surrounding large cities.


Pakistan was ranked as the country with the lowest cost of living while Nigeria and Libya came second

India, Afghanistan and Kenya were ranked fourth, fifth and sixth respectively.

At the bottom are Switzerland and Bermuda, which are ranked as the most expensive countries with the highest cost of living.


Here is a list of countries with lowest cost of living (Lowest to Highest)

1. Pakistan


2. Nigeria

3. Libya

4. India

5 Afghanistan


6. Kenya

7. Bangladesh

8. Syria


9. Madagascar

10. Rwanda

11. Tanzania


12. Ghana

13. Nepal

14. Uzbekistan

15. Iran

16. Belarus

17. Kyrgyzstan

18. Paraguay

19. Argentina

20. Bolivia

21. Indonesia

22. Egypt

23. Somalia

24. Ukraine

25. Tunisia

26. Algeria

27. Namibia

28. Morocco

29. Iraq

30. Botswana

31. Russia

32. Vietnam

33. Uganda


34. Malaysia

35. Colombia

36. Azerbaijan

37. Kosovo

38. Peru

39. Sri Lanka

40. Mongolia

41. Ecuador

42. Nicaragua

43. South Africa

44. Kazakhstan

45. Philippines

46. Turkey

47. North Macedonia

48. Fiji

49. China

50. Moldova

51. Bosnia And Herzegovina

52. Brazil

53. Thailand

54Zimbabwe

55. Honduras

56. Georgia

57. Guatemala

58. Serbia

59. Cambodia

60. Myanmar

61. Dominican Republic

62. Romania

63. Armenia

64. Venezuela

65. Bulgaria

66. Cameroon

67. Zambia

68. Mauritius


69. El Salvador

70. Albania

71. Montenegro

72. Chile

73. Poland

74. Palestine

75. Ethiopia

76. Mexico

77. Jordan

78. Kuwait

79. Oman

80. Hungary

81. Ivory Coast

82. Senegal

83. Guyana

84. Mozambique

85. Cuba

86. Croatia

87. Portugal

88. Saudi Arabia

89. Lebanon

90. Panama

91. Slovakia

92. Belize

93. Spain

94. Lithuania

95. Taiwan

96. Czech Republic

97. Slovenia

98. Maldives

99. Japan

100. Latvia

101. Brunei

102. Bahrain

103. Trinidad And Tobago

104. Estonia

105. Jamaica

106. Costa Rica

107. Qatar

108. Greece

109. Uruguay

110. Malta

111. Yemen

112. Macao (China)

113. Cyprus

114. United Arab Emirates

115. Italy

116. Isle Of Man

117. Sweden

118. Germany

119. Belgium

120. South Korea

121. United Kingdom

122. Netherlands

123. Puerto Rico

124. Israel

125. Luxembourg

126. Finland

127. France

128. Ireland

129. Austria

130. New Zealand

131. Guernsey

132. Canada

133. Hong Kong (China)

134. Australia

135. Jersey

136. United States

138. Denmark

139. Barbados

138. Norway

140. Singapore

141. Iceland

142. Bahamas

143. Us Virgin Islands

144. Cayman Islands

145. Switzerland

146. Bermuda


https://thenationonlineng.net/nigeria-ranks-second-with-lowest-cost-of-living-2024/

Gibberish!

I don't believe anything from The Nation Lagos-Ibadan expressway propaganda newspaper

What is their GDP per capital, and what is their minimum wage compared to Nigeria?

Tinubu: Na statistics we go chop?

Flawed research.

Lowest cost of living is a relative term.

For a foreigner coming into the country and spending in dollars, of course things will be cheap vis-a-vis our devalued currency.

However, for us earning naira, we are experiencing galloping inflation in prices of goods and services and a spiraling high cost of living.

Basing the research from their own perspective and not the citizens in the country is confounding and skewed in misinformation.

Isn't it curious that it's the poorest countries that have the lowest cost of living?

Wey dat meme sef..

Who are the fools who compiled this list.
Both Nigeria and Pakistan are currently going through severe economic challenges.
That should tell the average person the whole truth.

Nigeria is cheap for foreign earners but not for the residents/local earners.

One idiot will just create a thread to misinform the general public with propaganda and lies I don't know if some people on this forum are sharing bed with Satan himself.........even the source is questionable tufia

OP you are stupid and fooling in elephantine proportion.