Belarus 50th in Cheapest Countries to Live or Retire – GOBankingRates

GOBankingRates, a U.S. website dedicated to financial information, put Belarus on its list of the cheapest countries to which Americans could move to and live in. 

The website ranked nations by four key affordability metrics:

  • Local purchasing power index: Measures the relative purchasing power of a typical salary in that country, compared to New York City. A lower purchasing power buys fewer goods, while a higher purchasing power buys more.
  • Rent index: Compares typical rental prices in the country to New York City.
  • Groceries index: Compares typical grocery prices in the country to New York City.
  • Consumer price index: Compares costs of local goods and services — including restaurants, groceries, transportation and utilities — to New York City.

Even among the 50 cheapest countries, rent is at least 70 percent cheaper than rent in New York City, groceries are at least 40 percent cheaper, and consumer goods and services cost less by 30 percent or more, the website stresses.

Russia takes the 39th place in the ranking, Lithuania – 48th, Ukraine – 24th, Poland – 12th. South Africa is at the top of the list.

Belarus rounds out the top 50 (Local purchasing power is 59.9% lower; rent is 85.1% cheaper; groceries are 67% cheaper; local goods and services are 59.5% cheaper)

“Belarus is an eastern European country that borders Poland, Ukraine and Russia, and its major industries include metal-cutting machines, tractors and trucks. 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,” GOBankingRates reports., following GOBankingRates

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