Free Press Journal

Bangalore ranks as 3rd most cheapest city to live in, followed by Mumbai on 7th position, and Delhi at 10th


According to new survey from the Economist Intelligence Unit (EIU), half of the world’s ten most expensive cities to live in are in Asia, with Singapore and Hong Kong firmly defending their top two spots from a year ago.

The findings were released on Tuesday in a report titled, “Worldwide Cost of Living 2017”, which ranked the world’s major cities by comparing more than 400 individual prices across 160 products and services including food, drink, clothing, household supplies and personal care among others. The worldwide ‘Cost of Living for 2017’ saw Asia dominate the top ranking with four cities in the top five spots.

Within Asia, the best value for money has traditionally come from South Asian cities, particularly those in India and Pakistan, the report said. Bengaluru, Chennai, Karachi, Mumbai and New Delhi make up half of the 10 cheapest locations surveyed.

With the dollar weakening slightly against other currencies, New York is the only North American city among the 10 most expensive cities, although Los Angeles remains highly ranked, in 11th place.

The EIU’s Worldwide Cost of Living 2017 report — a ranking of the world’s major cities — said Asia is home to some of the world’s most expensive cities and also too many of the world’s cheapest cities.

Here are the following cheapest cities in the world to live in:

  1. Almaty, Kazakhstan
  2. Lagos, Nigeria
  3. Bangalore, India
  4. Karachi, Pakistan
  5. Algiers, Algeria
  6. Chennai, India
  7. Mumbai, India
  8. Kiev, Ukraine
  9. Bucharest, Romania
  10. New Delhi, India

Following is the most expensive cities,

  1. Singapore
  2. Hong Kong
  3. Zurich, Switzerland
  4. Tokyo, Japan
  5. Osaka, Japan
  6. Seoul, South Korea
  7. Geneva, Switzerland
  8. Paris, France
  9. New York, United States
  10. Copenhagen, Denmark