|World's Cheapest Cities Source: EIU. Courtesy: Metro|
In fact, there are four Indian cities and just one Pakistani city among the cheapest cities in the world, according to the latest EIU survey. The complete list of the World's Cheapest Cities is as follows:
1. Lusaka, Zambia
2. Bengaluru (Bangalore), India
3. Mumbai (Bombay), India
4. Almaty, Kazakhstan
5. Algiers, Algeria
6. Chennai (Madras), India
7. Karachi, Pakistan
8. New Delhi, India
9. Damascus, Syria
10. Caracas, Venezuela
Seven of the world's cheapest cities are in Asia, one in South America and two in Africa.
The EIU surveyed 133 cities and measured the cost of 160 items. These include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.
The survey allows for city-to-city comparisons, but for the purpose of this report all cities are compared to a base city of New York, which has an index set at 100. The survey has been carried out for more than 30 years.
EIU ranks Singapore (index 116) as the world's most expensive city. It's followed by Zurich (114), Hong Kong (114), Geneva (108), Paris (107), London (101), New York (100), Seoul (99), Copenhagen (99) and Los Angeles (99). Three of the top 10 most expensive cities are in Asia, 5 in Europe and 2 in the United States, and none in Africa.
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