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Bengaluru The Fifth Cheapest City In The World; Delhi, Chennai Also Feature In Top 10
Bengaluru’s Central Business District (Wikipedia/Bengaluru CBD)
According to the latest Economist survey report, Bengaluru has the lowest cost of living among the 133 cities surveyed across the world, more affordable than Karachi, Delhi and Chennai.
Only Caracas (Venezuela), Damascus (Syria), Tashkent (Uzbekistan) and Almaty (Kazakhstan) had lower costs of living than Bengaluru. Chennai and New Delhi were the ninth and tenth most affordable cities in the world respectively.
Bengaluru’s 129 rank among the cities with the highest cost of living has remained unchanged from last year. However, Chennai and New Delhi have gotten more expensive over the last year with their ranks increasing by a point each.
“To an extent this remains true, and Bangalore, Chennai, New Delhi and Karachi feature among the ten cheapest locations surveyed. India is tipped for rapid economic expansion but, in per-head terms, wage and spending growth will remain low,” stated the annual 2019 Worldwide Cost of Living Survey published by The Economist’s Intelligence Unit.
“Asia is home to some of the world’s most expensive cities, but also to many of the world’s cheapest cities. Within Asia, the best value for money has traditionally been offered by South Asian cities, particularly those in India and Pakistan,” added the survey.
Three Cities Share The Top Spot
Also for the first time in the survey’s history, three cities - Singapore, Hong Kong and Paris - share the title of the world’s most expensive city. Zurich and Geneva rounded out the top five and New York and Los Angeles reclaimed spots in the top 10 — ranking in seventh and 10th respectively - for this year.
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