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 |
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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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