Most expensive & cheapest cities to live

Most expensive & cheapest cities to live
01/08/2019 , by , in INTERNATIONAL

As per Economist Intelligence Unit’s Worldwide Cost of Living 2019 survey, three Indian cities feature among the World’s ten cheapest locations while, three cities share the title of the world’s most expensive city

For the first time in the survey’s history, three cities share the title of the world’s most expensive city: Singapore, Hong Kong and France’s capital, Paris. The top ten is largely split between Asia and Europe, with Singapore representing the only city in the top ten that has maintained its ranking from the previous year.

Asia is home to some of the world’s most expensive cities, as well as many of the world’s cheapest cities. Within Asia, the best value for money has traditionally been offered by South Asian cities.

Indian cities of Bengaluru, Chennai and New Delhi feature among the ten cheapest locations surveyed. India is tipped for rapid economic expansion but, in per head terms, wage and spending growth remains low. Limited spending combined with a cheap and plentiful supply of goods into cities from rural producers with short supply chains as well as government subsidies on some products, has kept prices down, especially by Western standards.

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