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Mumbai is the cheapest city in the world, Delhi ranks 3

March 10, 2014 14:08 IST

Mumbai is the cheapest city in the world, Delhi ranks 3

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In a finding that may baffle many Indians, Mumbai has emerged as the world's cheapest city to live in, followed closely by New Delhi at third place.

According to the Economist Intelligence Unit's (EIU) 2014 'Worldwide Cost of Living' survey, Singapore, on the other end of the spectrum, is the world's most expensive city.

The reason for the Indian cities scoring high on the lower end is attributed to inequality between the richest and poorest in India's major cities which keeps wages and prices low, while spending is also stifled by government subsidies.

The 'Worldwide Cost of Living' is a twice-yearly EIU 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.

Let’s take a look at the cheapest cities in the world.

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Image: A visitor poses for a picture in front of Taj Mahal hotel in Mumbai.
Photographs: Arko Datta/Reuters

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Riyadh

Country: Saudi Arabia

Global rank: 122

Rank movement: -3

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Image: The Kingdom Tower stands in the night above the Saudi capital Riyadh.
Photographs: Ali Jarekji/Reuters

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Jeddah

Country: Saudi Arabia

Global rank: 123

Rank movement: 0

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Image: An girl waves an Iranian flag during a football game between Iran against Oman in the in Jeddah, Saudi Arabia.
Photographs: Reuters

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Panama City

Country: Republic of Panama

Global rank: 124

Rank movement: 0

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Image: Skyline of Panama City.
Photographs: Henry Romero/Reuters

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Bucharest

Country: Romania

Global rank: 124

Rank movement: +2

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Image: A woman strolls on the beach during Romania's first international Black Sea Kite Festival at the Black Sea resort of Mamaia, about 260 km (162 miles) east of Bucharest.
Photographs: Radu Sigheti/Reuters

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Algiers

Country: Algeria

Global rank: 126

Rank movement: 0

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Image: Women walk along a jetty in bikinis at the Palm Beach Club in Algiers.
Photographs: Zohra Bensemra/Reuters

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Mumbai is the cheapest city in the world, Delhi ranks 3

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Kathmandu

Country: Nepal

Global rank: 127

Rank movement: +1

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Image: Gurung girls wearing traditional dresses take part in a New Year parade in Kathmandu.
Photographs: Gopal Chitrakar/Reuters

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Mumbai is the cheapest city in the world, Delhi ranks 3

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Damascus

Country: Syria

Global rank: 127

Rank movement: -11

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Image: Syrian Christians sit in a park in Bab Touma, a Christian quarter of the Old City in Damascus.
Photographs: Khaled Al Hariri/Reuters

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Mumbai is the cheapest city in the world, Delhi ranks 3

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New Delhi

Country: India

Global rank: 129

Rank movement: 0

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Image: Tourists walk past a currency exchange shop at a shopping arcade in New Delhi.
Photographs: Anindito Mukherjee/Reuters

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Karachi

Country: Pakistan

Global rank: 130

Rank movement: 0

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Image: A girl waves Pakistan's national flag while observing solidarity day, organized by the Muttahida Qaumi Movement (MQM) political party, to show support for the Pakistan armed forces in Karachi.
Photographs: Akhtar Soomro/Reuters

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Mumbai

Country: India

Global rank: 131

Rank movement: -1


Image: Frenchman Yannick Ollivier poses with Giri Gopal, a street child in front of the Gateway of India.
Photographs: Reuters
Tags: Delhi , India

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