Every year, the Economist Intelligence Unit (EIU) releases report regarding the Worldwide Cost of Living which gives an eye-opening ranking about how cheap it is to live in the world. After analyzing a wide range of data from food and fuel costs to salaries, the EIU put together a ranking of the most cheapest cities in the world to live in.
So, thanks to the Economist’s Intelligence Unit report, there is a list of the 5 most cheapest cities in the world to live in.
Algiers is among the most cheapest cities in the world. It is the capital and largest city of Algeria and itfamous for its white buildings, but its dense population and slums keep prices down. Food, transport, and housing are all super cheap. It population is around 5,000,000.
4- Kathmandu, Nepal
Kathmandu is the capital and famous city of Nepal. Kathmandu is the gateway to tourism in Nepal. It is situated in an ancient lake basin, Kathmandu is Nepal’s center for commerce and industry. It has the most advanced infrastructure of any urban area in Nepal and its economy is focused on tourism. Kathmandu has a population of 975,453.
3- New Delhi, India
New Delhi is the capital of India and it’s population is around 3,00,000. New Delhi is considered the most expensive city in India according to Mercer, but it actually ranks in the 5 most cheapest cities in the world to live in because of the cost of food and utilities relative to salaries.
2- Mumbai, India
It is the most populous city in India and the ninth most populous agglomeration in the world, with an estimated city population of 18.4 million. Mumbai is the commercial capital of the country and the houses of most billionaires and millionaires are also present in Mumbai. But local food, transportation, and housing costs are relatively cheap.
1- Karachi, Pakistan
Karachi is tFood, transportation, and entertainment are relatively cheap. Housing is also very cheap in Karachi.
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