No, at all. Nepal is one of the cheapest country in South Asia comparing to Bangladesh, Srilanka, and other surrounding countries. Cost of living in Nepal is made cheapest comparison to other country due to the different economic reason. But anyone can upgrade their living style moderately with additional amount of money.
Most Expensive Cities:
Less Expensive Cities
One Example of Pepsi (One Can) prices
Prices paid by consumers, including any discounts, rebates and taxes