Low cost of living in some regards … housing for example compared to most western countries.
But higher cost of living in others … price of gas for example… it’s close to 1.75$ per litere.
Food in the big cities is slightly cheaper, but not that much cheaper than the west. Around 40-50$ per person at the restaurant.
Food is much cheaper in the smaller towns, but most people from the west are unlikely to want to live there. Gas the same, housing is basically free, but there’s a reason for it.