Furthermore, a low cost of living can improve the quality of life for residents. When people can afford to live comfortably, they are less stressed about their finances, which can lead to better mental and physical health.
A low cost of living in a city can have a significant impact on its economy. It can attract businesses, encourage job growth, and improve the quality of life for residents.
As a consequence, Numbeo, one of the most sophisticated data and research platforms in the world, has developed a methodology to calculate data that identifies the cities with the lowest cost of living. It is crucial to understand which locations throughout the world have a low cost of living.
