The world’s most expensive and cheapest cities in 2021 revealed
Hyderabad: Tel Aviv, a city on Israel’s Mediterranean coast, has been ranked as the world’s most expensive city as a result of its soaring currency and rising prices for food and transportation, according to an Economist Intelligence Unit survey. Syria’s Damascus is the world’s cheapest city to live in as per the cost of living. […]
Hyderabad: Tel Aviv, a city on Israel’s Mediterranean coast, has been ranked as the world’s most expensive city as a result of its soaring currency and rising prices for food and transportation, according to an Economist Intelligence Unit survey.
Syria’s Damascus is the world’s cheapest city to live in as per the cost of living. The Worldwide Cost of Living explores the cost of living in 173 cities and is measured against “impactful global events”.
The Worldwide Cost of Living Index is compiled by comparing prices in US dollars for goods and services in 173 cities.
Tel Aviv is up four places from last year, while Paris, which shared the top spot with Hong Kong and Zurich in 2020, is now the second costliest city to live in globally, alongside Singapore.
Overall, top rankings are dominated by European and developed Asian cities, while North American and Chinese cities remain moderately priced, according to the survey, which compares the prices of more than 200 products and services in 173 cities around the world.
Meanwhile, Ahmedabad found itself in the 7th cheapest city to live in the EIU report. Pakistan’s Karachi was at the sixth spot in the list of cities from cheapest to more expensive.
10 most expensive cities in the world 2021
1. Tel Aviv
2. Paris
3. Singapore
4. Zurich
5. Hong Kong
6. New York
7. Geneva
8. Copenhagen
9. Los Angeles
10. Osaka
10 most expensive cities in the world 2021
1. Damascus (Syria)
2. Tripoli (Libya)
3. Tashkent (Uzbekistan)
4. Tunis (Tunisia)
5. Almaty (Kazakhstan)
6. Karachi (Pakistan)
7. Ahmedabad (India)
8. Algiers (Algeria)
9. Buenos Aires (Argentina)
10. Lusaka (Zambia)
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