Pakistan is The Most Affordable Country to Live in For 2021: Research

GOBankingRates, a US-based personal finance resource management company, has declared Pakistan the most affordable country to live in during 2021.

According to details, Pakistan with a score of 18.58 is the world’s most affordable country. Pakistan is followed by Afghanistan, India, and Syria with scores of 24.51, 25.41, and 25.31 respectively.

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On the other end, the Cayman Islands with a score of 141.64 has been ranked as the least affordable country to live in during 2021. Bermuda and Switzerland with scores 138.22 and 122.67 respectively follow the Cayman Islands as the least affordable countries.

Here are the top 10 most affordable countries

Sr. No.	Country	Score
1.	Pakistan	18.58
2.	Afghanistan	24.51
3.	India	25.14
4.	Syria	25.31
5.	Tunisia	25.43
6.	Uzbekistan	25.79
7.	Venezuela	27.22
8.	Georgia	27.78
9.	Kyrgyzstan	28.13
10.	Egypt	29.09

Here are the top 10 least affordable countries

Sr. No.	Country	Score
1.	Cayman Islands	141.64
2.	Bermuda	138.22
3.	Switzerland	122.67
4.	Norway	104.49
5.	Virgin Islands	97.23
6.	Iceland	97.22
7.	Bahamas	85.96
8.	Japan	85.52
9.	Luxembourg	84.68
10.	Denmark	83.88

The Criteria

To compile a list of the world’s most affordable countries for each year, GOBankingRates collects and analyze the following metrics from all the countries:

Rent index
Local purchasing power index
Consumer price index
Groceries index

It then assigns each country an average score using these metrics. The score of each country is compared with New York which serves as a benchmark with a score of 100.

Countries with a score lower than the score of New York are attributed as affordable countries while those with a higher score are attributed as expensive.

For instance, Pakistan’s score of 18.58 means it is way more affordable than New York. On the other hand, the Cayman Islands’ score of 141.64 means it is way more expensive than New York.

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