Mumbai tops list of world’s 10 least expensive cities


According to the new Worldwide Cost of Living 2014 , Mumbai has emerged as the world’s cheapest city to live in. The capital Delhi has emerged the third cheapest. The analysis takes into account the concept of value of money — how much bread would you get for one dollar or for that matter a litre of petrol. Singapore has topped the list making it the most expensive city to live in. The other cities making up the top five most expensive cities to live in are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place.

Interestingly Asia is home to some of the world’s most expensive cities as well as to many of the world’s cheapest cities. Within Asia the best value for money is in the Indian subcontinent (defined as India, Pakistan, Bangladesh, Nepal and Sri Lanka).

The 10 least expensive cities

1. Mumbai (India)

2. Karachi (Pakistan)

3. New Delhi (India)

4. Damascus (Syria)

5. Kathmandu (Nepal)

6. Algiers (Algeria)

7. Bucharest (Romania)

8. Panama City (Panama)

9. Jeddah (Saudi Arabia)

10. Riyadh (Saudi Arabia)