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11 Cheapest Places To Live in the World 1   Managua, Nicaragua Here is the list of world most beautiful countries where living life is very cheap and very easy to visit and enjoy the best places of these countries.Many people have dream  to live abroad and spent there life around the world and travelling the world best places here is the list of these counties  with the ranking i hope you will like these amazing  places around the world which you have never seen before.  Above dimarik via Getty Images  Mercer Cost of Living rank: 194 of 209 11 Cheapest Places To Live in the World  2   Nuremburg, Germany Juergen Sack via Getty Images Mercer Cost of Living rank: 168 of 209 11 Cheapest Places To Live in the World 3   Budapest, Hungary focusstock via Getty Images Mercer Cost of Living rank: 176 of 209 11 Cheapest Places To Live in the World 4   Warsaw, Poland ...