Karachi amongst the least expensive cities in the world [Update Post #7]


Tape Ball Regular
Jan 19, 2014
Mumbai tops list of world's 10 least expensive cities, Delhi third: Survey


India's city of dreams has emerged as the world's cheapest city to live in. 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. While Mumbai has emerged as the country with the best value for money spent, Delhi has emerged the third cheapest, placing it right at the bottom of the world's most expensive cities.

For example, buying 1 kg bread in Mumbai would cost $ 0.91 while in Delhi it would be $ 1.05 as against $ 3.36 in Singapore which has toppled Tokyo to be the world's most expensive city to live in this year. The average cost of one litre unleaded petrol in Mumbai is $ 1.21 and in Delhi $ 1.14 as against $ 2.50 in Paris — the world's second most expensive city.

Singapore topped 131 cities globally to become the world's most expensive city to live in 2014, according to the economist intelligence unit (EIU). Asia is interestingly home to some of the world's most expensive cities as well as to many of the world's cheapest cities.

The index says: "Within Asia the best value for money is in the Indian subcontinent (defined as India, Pakistan, Bangladesh, Nepal and Sri Lanka). Mumbai is the cheapest location in the survey and three of the four cheapest cities surveyed hail from Pakistan, India and Nepal. Mumbai's title as the world's cheapest city and is a reflection of the structural factors that define price within the Indian subcontinent."

It added: "Although India has been tipped for future growth, much of this is driven by its large population and the untapped potential within the economy. Income inequality means that low wages proliferate, driving down household spending and creating many tiers of pricing that keep per capita spending low. This, combined with a cheap and plentiful supply of goods into cities, as well as government subsidies on some products, has kept prices down, especially by western standards."

Besides Singapore, cities making up the top five most expensive cities to live in are Paris, Oslo, Zurich and Sydney, with Tokyo falling to sixth place. The economic intelligence unit's Worldwide Cost of Living Survey looks at more than 400 individual prices.

The survey gathers detailed information on the cost of more than 160 items-from food, toiletries and clothing to domestic help, transport and utility bills — in every city. More than 50,000 individual prices are collected in each survey round.

A weaker yen has pushed Osaka and Tokyo away from the top of the cost of living ranking. This has paved the way for Singapore, which has been steadily moving up the ranking over the last decade, to claim the unenviable title of world's most expensive city.

Singapore's rising price prominence has been steady. The city-state was 18th most expensive 10 years ago.

However, over the last decade a 40% currency appreciation, coupled with solid price inflation, has consistently pushed Singapore up the ranking.

For example, car costs have very high related certificate of entitlement fees attached to them, which makes Singapore significantly more expensive than any other location when it comes to running a car. As a result, transport costs in Singapore are almost three times higher than in New York. In addition, as a city-state with very few natural resources to speak of, Singapore is reliant on other countries for energy and water supplies, making it the third most expensive destination for utility costs.

European cities account for three of the five most expensive and one-half of the top ten cities.

As with last year, indices using New York as base city have continued to fall, reflecting a stronger US dollar and rises in the cost of living in New York. Some 94 cities fell in cost of living terms compared with New York. However, the Big Apple itself only moved up one position in the ranking to become the 26th most expensive, compared with a rise of 19 places last year.

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)

south asian cities are the best in terms of value for money, even Saudi arabia is not bad, in fact considering the salaries there are much higher with no taxes, Saudi Arabia is the best place to save money
Karachi was the least expensive until last year , I`m pretty sure . Still , it remains the cheapest in Pakistan with a low inflation rate yet tourism remains low . Do they take into account the property and rental prices into account ?
As for the quality for your money, I would say Bangkok should be mentioned somewhere on the list.

Very cheap yet quality of goods and service is great.

Also, Much cleaner than Mumbai or Karachi.
Goa is the cheapest city in India as long as petrol prices are concerned. 60 Rs/litre.
40 odd percent living in the slums and I am sure they did include them too.

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World's most expensive cities revealed

Paris has come top of a ranking of the world's most expensive cities, alongside Hong Kong and Singapore.

It's the first time three cities have shared the top spot in the 30-year history of the annual Economist Intelligence Unit survey, which compares prices in 133 cities globally.

The French capital - which was ranked second most expensive last year - is the only eurozone city in the top ten.

The survey compares the cost of common items, such as bread, in 133 cities.

It then tracks whether prices have gone up or down by comparing them to the cost of living in New York, which is used as a benchmark.

Haircut comparisons

Report author Roxana Slavcheva said Paris had been among the top ten most expensive cities since 2003 and was "extremely expensive" to live in.

"Only alcohol, transport and tobacco offer value for money compared with other European cities," she said.

The average cost of a women's haircut, for example, costs $119.04 in Paris, compared to $73.97 in Zurich and $53.46 in Japanese city Osaka.

"European cities tend to have the highest costs in the household, personal care, recreation and entertainment categories-with Paris being a good representative in these categories—perhaps reflecting a greater premium on discretionary spending," Ms Slavcheva said.

The ten 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)

Inflation and volatile currency fluctuations helped drive changes in this year's ranking, with places like Argentina, Brazil, Turkey and Venezuela all seeing a sharp fall in their cost of living ranking.

Caracas in Venezuela, where inflation neared 1,000,000% last year forcing the government to launch a new currency, was ranked the least expensive city in this year's survey.

The price of a cup of coffee in the capital Caracas doubled to 400 bolivars ($0.62; £0.50) in the space of just a week last December, according to Bloomberg.

Damascus in Syria was ranked the world's second cheapest city.

The Economist Intelligence Unit said a "growing number of locations" were becoming cheaper due to the impact of political or economic disruption.

The ten 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)

No way Los Angeles is more expensive than San Francisco.

San Francisco is not even in top 10. That doesn't seem right.
No way Los Angeles is more expensive than San Francisco.

San Francisco is not even in top 10. That doesn't seem right.

Perhaps it could be due to LA having some really expensive places such as Beverly Hills tipping it in its ranking.
Karachi ranked world’s fourth cheapest city to live in

Karachi, the country’s bustling metropolis, stands as the fourth cheapest city in the world to live in, offering an affordable lifestyle amid its vibrant cultural tapestry, according to a reputable and authoritative organisation of economics and statistics.

A survey of 173 cities reveals a world still being pinched by the Covid-19 aftermath, wars in various regions as well as natural disasters, all contributing to a global economic sluggishness, and the living crisis is far from over for many, particularly those who are living in big cities.

According to the annual Worldwide Cost of Living Index report by the Economist Intelligence Unit (EIU), the average cost of living rose by 7.4% this year, with rise in grocery prices the steepest.

The data is based on a survey of 200 daily necessities and services between Aug 14 and Sept 11.

The EIU listed 173 cities with Singapore and Zurich as the most expensive cities in the world to live in.

They are followed by New York and Geneva on second, followed by Hong Kong, Los Angeles, Paris, Tel Aviv, Copenhagen and San Francisco among the top-10.

On the other hand, it rated the capital of war-devastated Syria as the cheapest city in the world for a fourth consecutive time, followed by Tehran at second, Tripoli third, Karachi fourth and Tashkent fifth.

Other cities on the list are Tunisia, Lusaka, and Ahmedabad.

Karachi’s relatively low cost of living stems from various factors, including “favourable” exchange rates, inexpensive housing options, and accessible transportation.

The report said that groceries, utilities, and clothing are all remarkably affordable, allowing residents to stretch their budgets further.

Despite its affordability, Karachi boasts of a diverse culinary scene, ranging from street food stalls to upscale dining establishments.

The city's cultural attractions, including historical landmarks, vibrant bazaars, and lively festivals, provide ample opportunities for entertainment and exploration.


Karachi made a shocking distinction by becoming the most polluted city in terms of air quality, ARY News reported on Sunday.

The concentration of pollutants in Karachi was recorded at 244 AQI on Sunday morning. Over the past few years, according to the yearly report issued by IQAir, it is evident that pollution levels in Karachi have not improved but have worsened.

It’s worth noting that an AQI reading in the range of 151-200 is considered unhealthy, while an AQI reading between 201 and 300 is even more detrimental to health.

Meanwhile, the weather will remain dry and cold in Karachi. The cold breeze will blow in night.

Karachi’s temperature in the morning was recorded at 18 degrees centigrade, while the maximum temperature will remain between 28 to 30 degrees centigrade.