Serbia has 4th lowest electricity prices in the world

New research has revealed the top 10 countries in the world with the most affordable electricity prices, and Serbia ranks 4th, with a household electricity price per kWh of $0.11.

The team at Utility Bidder have analysed electricity and gas costs, property prices and the average gross national income in countries across the world to reveal the most affordable destinations to relocate to. 

You can view the full study here: 

Top 10 countries with the most affordable electricity prices

Rank Country Continent Household Electricity Price Per kWh (USD)
1 Argentina South America $0.04
2 Malaysia Asia $0.05
3 Belarus Europe $0.09
5 Serbia Europe $0.11
5 Hungary Europe $0.11
6 Canada North America $0.12
7 Hong Kong Asia $0.17
8 United States North America $0.18
9 Poland Europe $0.19
9 New Zealand Oceania $0.19

Further findings have revealed the following:

  • With a score of 8.71/10, the United States has been crowned the most affordable country to live in overall. 
  • Argentina has the cheapest household natural gas costs, totalling $0.005 per kWh – Belarus, with costs of $0.008 per kWh, and Malaysia at $0.026 per kWh. 
  • The United States has the lowest property price-to-income ratio of 4.5, however, this is very much dependent on where you choose to move to, as L.A. and New York City, for example, can be considerably more expensive than other areas of the U.S. 
  • Of the countries in the study, Ireland has the highest gross national income, at an average of $76,110 per capita. The U.S. follows in second place with the average at $70,930 per capita, and Denmark closes off the top 3 at $68,300 per capita.

(Global Utility Finder, 28.07.2023)

This post is also available in: Italiano

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