Economy

Cities with Lowest Cost of Living

We explore a lot about expensive cities, but we forget to discuss the cheapest cities. So, let’s talk about the top 10 cities with the lowest cost of living in 2021.

The Worldwide Cost of Living 2021 news has been publicized by the Economist Intelligence Unit (EIU). According to the record, Tel Aviv is the highest cost living city in the world, while Damascus in Syria is the lowest cost living city to live in the world. In such a situation, let’s know the 10 cities with the lowest cost of living in the world.

How is the Cost of Living Index calculated?

A survey is administered every year by the Economist Intelligence Unit, EIU. This year it was executed in September-October 2021. It inspects the cost of living in the Worldwide Cost of Living Index 173 cities.

European and many Asian cities affect the world’s most expensive cities, while the prices are marginal in North American and Chinese cities.

Let’s talk about Top 10 Cities with Lowest Cost of Living in 2021

This Worldwide Cost of Living Report analyzes 173 cities in the world, ordered based on “Impactful Global Events”. In the list, you can check the names of cities with the lowest cost of living along with the countries they are in. It has been notified by the EIU that the cost of living in these cities is the lowest as characterized by other cities in the world. Just have a look.

One can see that Damascus, the war-torn capital of Syria, is the cheapest place to live in the world. The world’s most beautiful city with the highest cost of living on the index is Tel Aviv, the capital of Israel. It is located on the coast of the Mediterranean Sea. The city has rising currency rates and rising prices for basic amenities such as food, transportation, etc.

1. Damascus :

Damascus is number one city out of top 10 Cities with Lowest Cost of Living

Damascus is the capital city of Syria. It is among the top 10 cities having the lowest cost of living in the realm. In addition, Damascus is also the famous holiest city for Islamists. In the list of cheap cities, the Syrian capital Damascus is number one. The expenditure per month of a person in this city is about Rs 34,851(approximate USD 450).

2. Tripoli :

Tripoli is  number second city out of top 10 Cities with Lowest Cost of Living
Tripoli is the largest city in northern Lebanon and the second-largest city in the country.

The capital city of Libya is Tripoli which is the second city having the lowest living cost of the city in this list. Currently, due to Libya, which is confronting civil war, its equity is in bad condition. However, this city is near the Mediterranean Sea.  Because of this, beautiful beaches exist here. At the same time, Tripoli, famous for its historical buildings, is number two on this list.  According to research, Tripoli is 45 percent cheaper than New York.

3. Tashkent :

Tashkent is number third city out of top 10 Cities with Lowest Cost of Living
Tashkent also historically known as Chach, is the capital and largest city of Uzbekistan.

Tashkent is the capital city of Uzbekistan located in Central Asia. It is famous for its beautiful old structures. It was the main municipality on the Silk Route. Tashkent, the capital of Uzbekistan, has also made its place in the list of safest cities in the world.  Now it has emerged as the third cheapest city in the world.

4. Tunis :

Tunis is number fourth city out of top 10 Cities with Lowest Cost of Living

Tunis is the capital of Tunisia, a country located in the region of North Africa. It is located on the shores of Lake Tunis, which is connected to the Gulf of Tunis of the Mediterranean Sea.

5. Almaty :

Almaty is number fifth city out of top 10 Cities with Lowest Cost of Living

This city is the oldest capital city of Kazakhstan. Almaty is the largest metropolitan city of Kazakhstan and is found at the foothills of the Trans-Ili Alatau Mountains. This is propelling it to the saleable and artistic center of Kazakhstan.

6. Karachi :

Boat Basin, Block 6 Clifton, Karachi, Pakistan

Pakistan’s Karachi acquires the sixth position in this list. Karachi is one of the largest cities of Pakistan and is the financial city of the neighboring nation. This municipality is also the capital city of Sindh province.

Pakistan’s capital Karachi is also on the list of the top 10 cities with the lowest cost of living in the world.

Karachi, the largest city of Pakistan, is also the largest industrial center here. The cost of living here is very less than in the city of Bangalore in India.

7. Ahmedabad :

Kankaria lake, Ahmedabad, India

Ahmedabad is one of the most popular destinations in Gujarat. It acquired the seventh position in this list. The Sabarmati river moves through the midst of the city. There is a Gandhi Ashram in Sabarmati on the west bank, where antiques connected to the Father of the Nation Mahatma Gandhi are existing.

As per the survey, Ahmedabad in Gujarat is the cheapest city with the lowest cost of living in India. Moreover, this is the only city that has acquired a place in this index report from India. Other than this no other city was in them either on the list of the cheapest or most expensive cities from India.   

Whereas Ahmedabad of India is famous for its textile industries here. It has also become one of the safest cities in the world. However, living here is also much cheaper than in Bangalore, Mumbai, Hyderabad.

8. Algiers :

Algiers is number eighth city out of top 10 Cities with Lowest Cost of Living

Algiers is located on the Mediterranean coast. It is the capital of Algeria. Moreover, the city is famous for its whitewashed buildings, a medina with steep winding streets, and Ottoman palaces. However, at the same time, there is also a 17th-century Ketchaoua Mosque, around which there are 2 big minarets.

9. Buenos Aires :

Casa Rosada, Balcarce, Buenos Aires, Argentina

Buenos Aires is the main metropolitan capital city of Argentina. Moreover, its midst is the Plaza de Mayo, consisting of stately 19th-century buildings, including the Casa Rosada, the iconic, presidential palace.

10. Lusaka :

Lusaka Skyline

Lusaka is the capital of Zambia. In the center of the city, there is the huge Lusaka City Market, where people are selling clothing, products, and other goods. However, there is also a National Museum, which displays archaeological finds and contemporary art.

Frequently Asked Questions

Who broadcasts the Worldwide Cost Of Living Index Document every year?

Economist Intelligence Unit, EIU publishes the Worldwide Cost Of Living Index Report every year. This Worldwide Cost of Living Index explores 173 cities in the world, ordered based on “Impactful Global Events”. However, you can check the list of the cheapest cities along with the countries they are in. Moreover, it has been found by the EIU that the cost of living in these cities is the lowest as compared to other cities in the world.

Which city is on the list of the top 10 cities with the lowest cost of living in India?

Ahmedabad has the lowest cost of living in India to live in as per the Worldwide Cost Of Living Index Report 2021. One of the largest cities of Gujarat, it is in the seventh position in this list. The Sabarmati river moves through the midst of the city. There is a Gandhi Ashram in Sabarmati on the west bank, where antiques related to the Father of the Nation Mahatma Gandhi are existing.

Which city has the highest cost of living in the world in 2021?

Tel Aviv is Israel’s capital city. It is the most expensive city as per the Worldwide Cost Of Living Index Report 2021. However, this city tops the list of highest-cost living cities in the world this year. Tel Aviv is on the top of this list for the first time. Last year at this position was Paris. The reason for Tel Aviv’s sharp jump in the list is due to rising grocery and transport prices and the strengthening of the Israeli currency shekel against the dollar.

Which is the city with the lowest cost of living in the world in 2021?

Damascus is the capital city of Syria. It is one of the top 10 cities with the lowest cost of living in the world. In addition, Damascus is also the holiest place for Islamists. In the list of cheap cities, the Syrian capital Damascus is number one.  The expenditure per month of a person in this city is about Rs 34,851 (approximate USD 450).

Conclusion

Everyone loves to go for a vacation to a new and breathtaking locale, but have you ever thought of living there? However, some of the world’s affordable cities are also some of the most beautiful, serving up charming cafes, amazing scenery, and top-notch technology along with budget-friendly habitation. However, it is the dream of every one of us to live in a city where inflation is low and our needs are well met. EIU publishes the list of such top-10 cities with the lowest cost of living in the world. It also includes the name of the city of Ahmedabad in India and Karachi in Pakistan. Moreover, the Economist Intelligence Unit (EIU) report reveals the names of cities with the lowest cost of living in the world. However, know which other cities are included in this list, where is the cheapest to live.

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