Karachi is Among the Cheapest Global Cities to Live In: The Economist

According to the 30th annual survey about the cost of living by The Economist Intelligence Unit, Karachi has been ranked as the 6th cheapest livable city in the world.

The results have been compiled after surveying the costs of 160 items in 133 cities. The costs are then compared with the cost of living in New York, which is used as a benchmark.

The top spot has been shared by three cities including Singapore, Paris and Hong Kong.

The report authored by Roxana Slavcheva said:

There is a considerable element of risk in some of the world’s cheapest cities. Put simply, cheaper cities also tend to be less liveable.

The Top 10 – Most Expensive Cities in the World

1. Singapore (Singapore)

1. Paris (France)

1. Hong Kong (China)

4. Zurich (Switzerland)

5. Geneva (Switzerland)

5. Osaka (Japan)

7. Seoul (South Korea)

7. Copenhagen (Denmark)

7. New York (US)

10. Tel Aviv (Israel)

10. Los Angeles (US)

The Bottom 10 – Cheapest Cities in the World

1. Caracas (Venezuela)

2. Damascus (Syria)

3. Tashkent (Uzbekistan)

4. Almaty (Kazakhstan)

5. Bangalore (India)

6. Karachi (Pakistan)

6. Lagos (Nigeria)

7. Buenos Aires (Argentina)

7. Chennai (India)

8. New Delhi (India)

The cost of living in places like Venezuela, Brazil, Turkey, Argentina saw a fall this year due to volatile currency fluctuations and inflation. In the wake of the recent crisis in Venezuela, Caracas has been declared as the cheapest city to live in. India has three cities, including Bangalore, Chennai, and New Delhi, in the bottom 10.

  • Karachi Will be in top ten expensive list soon.

    1 Room Rent 4000 to 6000 in Orangi Town Best Area (Without Utilities)

      • sounds like a cheap hotel (177 USD) go to Silicon Valley, you will be lucky to find a room under 450 USD a night about PKR 63,000

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