In a recent report released by the Economist Intelligence Union (EIU), four Indian cities have been able to find a place in the list of ten cheapest countries to live in across the globe. The EIU released two lists to rank the most expensive countries as well as the cheapest countries in the world.
The list was prepared after comparing over 400 individual prices including across 160 products and services including food, drink, clothing, household supplies and personal care items among others. The three key factors that affected a country’s ranking, according to Simon Baptist, regional director for Asia at the EIU, are the exchange rate, government policies and commodity prices.
Both the lists were dominated by Asian cities with half of the 10 most expensive cities being Asian. While Singapore stood out to be the most expensive city for the fourth consecutive year, Almaty in Kazakhstan was ranked the cheapest city in the world.
Here is the complete list of the 10 cheapest cities in the world!
Source: Economist Intelligence Union
The Indian cities in the list were also termed as the cities with the best value for your money. Bangalore was reported to the cheapest city in India followed by Chennai, Mumbai and New Delhi. Karachi also was considered as a city worth spending your money in.
This is how the complete list for the 10 most expensive cities in the world looks like!
Source: Economist Intelligence Union
The most expensive cities included only New York from North America while 5 of the remaining 9 cities were from Asia. The cities from the emerging markets were the only ones who experienced a significant change in their rankings.
We hope to see further development in our cities in the upcoming lists in the next few years. Do let us know your views about these lists in our comments section below.