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Karachi is One of the Cheapest Global Cities to Stay in: The Economist

Karachi is One of the Cheapest Global Cities to Stay in: The Economist

According to The Economist Intelligence Unit’s 30th annual cost of living survey, Karachi was considered the sixth cheapest living city in the world.

The results were compiled after the cost of 160 articles in 133 cities was investigated. The cost is compared to the cost of living in New York, which is used as a reference.

Karachi is One of the Cheapest Global Cities to Stay in: The Economist

Karachi is One of the Cheapest Global Cities to Stay in: The Economist
Karachi is One of the Cheapest Global Cities to Stay in: The Economist

The first place was shared by three cities, including Singapore, Paris and Hong Kong.

The report written by Roxana Slavcheva said:

There is a considerable element of risk in some of the world’s cheapest cities. Put simply, cheaper cities also tend to be less liveable.

10 – 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)

Bottom 10 – 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)

The cost of living in places such as Venezuela, Brazil, Turkey and Argentina has declined due to currency fluctuations and inflation this year. In the wake of the recent crisis in Venezuela, Caracas has been declared the cheapest city. India has three cities, including Bangalore, Chennai and New Delhi, in the list of the last 10.

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