Survey: Bengaluru Third Cheapest City In The World To Live In
As per the report other three India’s other three mega cities also include – Chennai occupying the sixth place, Mumbai seventh place and New Delhi the tenth position. Out of 10 cheapest places on the earth, four of them are Indian cities.
List of Cheapest cities of the world by – Economist Intelligence Unit.
1. Almaty – Kazakhstan
2. Lagos – Nigeria
3. Bengaluru – India
4. Karachi – Pakistan
5. Algiers – Algeria
6. Chennai – India
7. Mumbai – India
8. Kiev – Ukraine
9. Bucharest – Algeria
10. New Delhi – India
Singapore is again titled as the world’s most expensive city for the fourth consecutive year. Hong Kong bieng at second place, next is Zurich at the 3rd place. Others in the 10 most expensive list include Tokyo at the 4th position, Osaka (5th), Seoul (6th), Geneva (7th), Paris (8th), New York (9th) and Copenhagen at 10th place.
EIU’s – Worldwide Cost of Living is a bi-annual survey that where more than 400 individual prices across 160 products and services are compared to that of countries they are sold at their price. Category includes food, drink, clothing, household supplies & personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs. The EIU’s Worldwide Cost of Living 2017 report said Asian continent is home to the world’s most expensive and most cheapest cities on the planet.
EIU did said regarding living in cheap cities especially Indian cities that – “Although the Indian subcontinent remains structurally cheap, instability is becoming an increasingly prominent factor in lowering the relative cost of living of a location”, adding that “this means that there is a considerable element of risk in some of the world’s cheapest cities”. Within Asia, the best value for money has traditionally come from South Asian cities, particularly those in India and Pakistan, the report said. Half of the 10 cheapest locations surveyed are in this region, including Karachi which ranks 4th.
“India is tipped for rapid expansion as Chinese growth declines, but much of this is driven by its demographic profile, and in per capita terms, wage and spending growth will come from a low base,” the report said.