List of 10 most expensive and cheapest cities in the world

08-NOV-2017 17:16

    Humans are a moving creature by nature; therefore they always keep on walking and going out on vacation after getting an opportunity. But before going to any country or city for tourism, we must be aware of which are the most expensive and cheapest cities in the world. If you also want to visit a particular country or city for tourism during these winter and you do not know that particular city is cheap or expensive, then do not panic, because in this article we are giving a list of 10 most expensive and 10 cheapest cities in the world.

    In fact, Economist Intelligence Unit (EIU) prepared a report on the basis of cost of living in the world and announced in March 2017 that Singapore is at the top of the list in the world's most expensive cities for fourth consecutive year.
    ten most least and expensive cities of world
    Image source: Economist Intelligence Unit

    According to this survey, there are five Asian cities in the list of six most expensive cities, in which Hong Kong is at second place, while Tokyo, Osaka and Seoul are ranked fourth, fifth and sixth respectively. Zurich is at third place in this list and most expensive European city. Paris and Geneva are jointly 7th, while Copenhagen and New York City are ranked 9th in this list. New York is the only U.S. city in the top 10 expensive cities.

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    This annual survey helps calculate the compensation package for foreign companies measures the cost of living in 133 major cities and compared the prices of more than 150 commodities and services. This report found that Singapore is 20% more expensive to New York and 5% more expensive to Hong Kong. Apart from this, the cost of living in some Asian cities is increasing, but the cost of living is decreasing in European cities, whose number was eight in the list of top 10 countries until a decade ago.

    Because of decrease in the value of pounds after the Brexit referendum, London has fallen to the lowest level in the last 20 years. Out of 16 American cities included in this list, only San Francisco, Lexington and Kentucky have come up above the previous year. However, compared to five years ago, American cities are still expensive because at that time New York was at 46th place.

    List of 10 most expensive cities in the world

    S.N.

    City (Country)

    1.

    Singapore (Singapore)

    2.

    Hong Kong (Hong Kong)

    3.

    Zurich (Switzerland)

    4.

    Tokyo (Japan)

    5.

    Osaka (Japan)

    6.

    Seoul (South Korea)

    7.

    Paris (France)

    7.

    Geneva (Switzerland)

    9.

    Copenhagen (Denmark)

    9.

    New York (United States)

    The "Economist Intelligence Unit" (EIU) has also prepared a list of cheapest cities in the world, based on the Cost of Living Report, in which Almaty has grabbed first place by removing Lagos, while Bucharest is at 124th place in the above list and cheapest city of Europe. But this list is dominated by South Asian cities and five cities of India and Pakistan are among the 10 cheapest cities in the world.

    List of 10 most cheapest cities in the world

    S.N.

    City (Country)

    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 (Romania)

    10.

    New Delhi (India)

    In fact, Economist Intelligence Unit in its survey described some of the most beautiful cities in the world as most expensive. So if you are planning to travel any city in the coming days, then definitely think once. In this report, seeing the financial condition of a country, cities of that country have been declared expensive or cheap.

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    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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