In an annual report by The Economist Intelligence Unit (EIU) on Worldwide Cost of Living for 2019, Karachi ranked as the 6th most affordable city in the world.
Although this might be very hard for Karachiites to believe because of the hike in prices as a result of inflation, for foreigners who earn in Dollars, Pounds, and Euros, it is true.
The report compiles a list of both the cheapest and most expensive cities in the world to live in the next year. A total of 160 essential commodities are considered to compile the ranking including the cost of food, drinks, living expenses, utility bills, education, etc.
“The survey itself is a purpose-built internet tool designed to help human resources and finance managers calculate cost-of-living allowances and build compensation packages for expatriates and business travelers”, the report states.
Here are the top 10 cheapest and most expensive cities to live in:
Henley Index 2020: Pakistani Passport Ranked 4th Worst Passport to Hold
Top 10 Most Expensive Cities
- Singapore
- Paris
- Hong Kong
- Zurich
- Geneva
- Osaka
- Seoul
- Copenhagen
- New York
- Tel Aviv
Top 10 Cheapest Cities in the World
- Caracas
- Damascus
- Tashkent
- Almaty
- Bangalore
- Karachi
- Lagos
- Buenos Aires
- Chennai
- New Delhi
Pakistan Featured on Forbes ‘Best Under-the-Radar Places to Visit in 2020’
What do you think about this list?
Share your thoughts with us in the comments below.
Stay tuned to Brandsynario for more news and updates.