Singapore leads the costly cities list
According to the latest Worldwide Cost of Living survey, conducted biannually by EIU, our sister company, reveals that Asia is also home to some of the world’s most expensive cities. Singapore and Zurich share the top spot as the most costly places to live for the ninth time in 11 years. (Photo: Agencies)
Densely populated Hong Kong city in China
Hong Kong ranks as Asia’s second-most expensive city to live in and the fifth worldwide. (Photo: Agencies)
Seoul ranked third, became more expensive this year
Seoul and Busan in South Korea climbed the rankings due to faster price increases than in New York, coupled with the won’s appreciation against the dollar, benchmarked against the Big Apple.
Sydney, the populated and multicultural city
Sydney has dropped out of the top 10 most expensive cities globally to live in. Factors contributing to this shift include lower inflation, resulting in less currency appreciation against the dollar, and depreciation of the Australian dollar, outweighing the impact of faster inflation in the region.
Melbourne in Australia ranks fifth
Melbourne, Australia, stands out as one of the wealthiest cities globally due to its robust economy, high living standards, and diverse industries. With a thriving financial sector, strong real estate market, and renowned cultural scene, Melbourne consistently ranks among the richest cities worldwide.
Karachi comes in one of the cheapest cities
Karachi has been ranked as one of the least expensive cities in the world to live in, according to the latest Worldwide Cost of Living survey by EIU. Factors contributing to its affordability include lower living costs, relatively lower inflation rates, and affordable housing compared to other global cities.
Gujarat’s Ahmedabad secures a position in the list
Ahmedabad ranks as one of the least expensive cities in the world to live in. Its affordable cost of living makes it an attractive destination for residents and visitors alike. This affordability is attributed to various factors such as lower living expenses and relatively lower inflation rates compared to other cities globally.
Chennai, the city with traditions
Chennai ranks as the least expensive city among the major urban centers worldwide. Factors contributing to its affordability include lower living costs, comparatively modest inflation rates, and a favorable exchange rate, making it an economical choice for residents and visitors alike.
Silicon valley of India
Bangalore is ranked as one of the least expensive cities globally to live in. This designation is attributed to factors such as lower costs of living, affordable housing options, and relatively stable economic conditions. Despite being a major urban center, Bangalore offers a comparatively affordable lifestyle for residents.
Heart of India
New Delhi ranks as one of the least expensive cities globally to live in. Factors contributing to its affordability include lower costs of living compared to other major cities, making it an attractive option for residents seeking a more budget-friendly lifestyle without compromising on amenities and quality of life.