15 April 2024

Osaka joins S’pore, HK as world’s most expensive cities

Three Indian cities among 10 cheapest

Three Asian cities, Singapore, Hong Kong and Osaka share title of the world’s most expensive city. While Singapore and Hong Kong continue to occupy two of the top three places for the second year in a row, Osaka climbed three places to replace Paris at the top pf the ranking.

These findings, released today, are a result of the 2020 Worldwide Cost of Living Survey of The Economist Intelligence Unit (The EIU).

In the 133 cities surveyed, and using New York as the base city, four Asian cities make up the ten most and least expensive.

(Source:The Economist)

Asia has the most varied cost of living as a continent, also making up the biggest proportion of the 10 least expensive cities in the rankings, with India and Pakistan home to four of the cities in the bottom 10. Indian cities are: Chennai(126), Bangalore(125) and New Delhi(122), and Karachi (129) in Pakistan ranks the cheapest.

Wellington and Auckland both are tied at the 40th rank.

(Source: The Economist)

The Worldwide Cost of Living is a bi-annual (twice yearly) Economist Intelligence Unit survey that compares more than 400 individual prices across 160 products and services. These include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.

The survey has been carried out for more than 30 years.

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