List of cheapest cities

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Lists of the world's cheapest cities are developed by different institutions.

Contents

Economist Intelligence Unit

The Economist Intelligence Unit has analyzed the prices of more than 160 products and services in each city. The survey has been done considering the base city as New York, which has an index set at 100. Based on the survey [1] of the Economist Intelligence Unit there are slight changes in the ranking of the cheapest cities in the world as compared to last year's report. One city from Pakistan and three major cities from India all are in the top ten cheapest cities in 2020. The main reason behind this is the low wages and high levels of income inequality, which restrict household expenses, as well as market competition. [2]

The ten cheapest cities in the world 2020.

  1. Damascus, Syria
  2. Tashkent, Uzbekistan
  3. Almaty, Kazakhstan
  4. Buenos Aires, Argentina
  5. Karachi Orangi Town, Pakistan
  6. Caracas, Venezuela
  7. Lusaka, Zambia
  8. Chennai, India
  9. Bangalore, India
  10. New Delhi, India

TripIndex

According to TripIndex by TripAdvisor, five of ten cheapest cities in the world are located in Asia, with four of them located in ASEAN/South Asian countries. The research is based on costs of a one-night stay in a four-star hotel, cocktails, a two-course dinner with a bottle of wine, and a taxi transport (two return journeys of about 3.2 kilometres each). First is Hanoi with $141.12, second is Beijing with $159.05, third is Bangkok with $161.90, fifth is Kuala Lumpur with $194.43 and eighth is Jakarta with $204.59. [3] [4]

See also

Related Research Articles

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<span class="mw-page-title-main">Cost of living</span> Cost to maintain a standard of living

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<span class="mw-page-title-main">Global city</span> City important to the world economy

A global city is a city that serves as a primary node in the global economic network. The concept originates from geography and urban studies, based on the thesis that globalization has created a hierarchy of strategic geographic locations with varying degrees of influence over finance, trade, and culture worldwide. The global city represents the most complex and significant hub within the international system, characterized by links binding it to other cities that have direct, tangible effects on global socioeconomic affairs.

City quality of life indices are lists of cities that are ranked according to a defined measure of living conditions. In addition to considering the provision of clean water, clean air, adequate food and shelter, many indexes also measure more subjective elements including a city's capacity to generate a sense of community and offer hospitable settings for all, especially young people, to develop social skills, a sense of autonomy and identity.

The Economist Group is a media company headquartered in London, England. It is best known as publisher of The Economist newspaper and its sister lifestyle magazine, 1843. The Economist Group specialises in international business and world affairs information. Its principal activities are in print and digital media as well as in conferences and market intelligence.

<i>The Economist Democracy Index</i> Measure of the state of democracy by The Economist

The Democracy Index is an index measuring democracy compiled by the Economist Intelligence Unit of the Economist Group, a UK-based private company which publishes the weekly newspaper The Economist. Akin to other democracy indices, such as V-Dem Democracy indices or Bertelsmann Transformation Index, this index attempts to measure the state of democracy and is centrally concerned with political institutions and freedoms. The index includes 167 countries and territories, of which 166 are sovereign states and 164 are UN member states. The index is based on 60 indicators grouped in five categories, measuring pluralism, civil liberties, and political culture. In addition to a numeric score and a ranking, the index categorizes each country into one of four regime types: full democracies, flawed democracies, hybrid regimes, and authoritarian regimes. The first Democracy Index report was published in 2006. Reports were published every two years until 2010 and annually thereafter.

The following are international rankings of Thailand.

The following are international rankings of Malaysia.

The Economist Intelligence Unit (EIU) is the research and analysis division of the Economist Group, providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country economic forecasts, country risk service reports, and industry reports. The EIU provides country, industry, and management analysis worldwide and incorporates the former Business International Corporation, a UK company acquired by its parent company in 1986. The EIU has its main offices in four cities—London, New York, Hong Kong and Dubai.

The following are international rankings of Egypt.

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The following are international rankings of Indonesia.

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<span class="mw-page-title-main">Malappuram metropolitan area</span> Metropolis in Kerala, India

The Malappuram Metropolitan Area or Malappuram Urban Agglomeration is an urban agglomeration centred around the city of Malappuram, Manjeri in Malappuram district, Kerala, India. It is the 25th largest urban agglomeration in India and the 4th largest in Kerala.

<span class="mw-page-title-main">Kollam metropolitan area</span> Urban agglomeration in Kerala, India

Kollam Metropolitan Area is the 4th largest Metropolis in Kerala and 14th largest urban agglomeration in South India. It is one of the 10 fastest growing cities in the world covering an area of 364.51 km2 (2015) with a 31.1% urban growth between 2015 and 2020 as per the survey conducted by Economist Intelligence Unit (EIU) based on urban area growth during January 2020.

The Global Livability Ranking is a yearly assessment published by the Economist Intelligence Unit (EIU), ranking 172 global cities for their urban quality of life based on assessments of stability, healthcare, culture and environment, education and infrastructure. Austria's capital, Vienna, was ranked the most liveable city in 2022 among the 172 cities surveyed by The Economist Intelligence Unit, having previously won in 2018 and 2019. Auckland was ranked the most liveable city in 2021. Melbourne, Australia, had been ranked by the EIU as the world's most liveable city for seven years in a row, from 2011 to 2017.

The following are international rankings of Shanghai by categories.

According to the Worldwide Cost of Living 2020 report issued by the Economist Intelligence Unit (EIU), Singapore, Hong Kong, and Osaka share the title of costliest city in the world. The list was prepared based on their Worldwide Cost of Living (WCOL) Index scores. The Worldwide Cost of Living survey was done in order to compare the cost of living indices in cities all over the world.

References

  1. "EIU Worldwide Cost of Living".
  2. https://pages.eiu.com/rs/753-RIQ-438/images/worldwide%20cost%20of%20living%202020%20report.pdf?mkt_tok=eyJpIjoiWldFM1lUWTNPVFV4WlRSbCIsInQiOiJINkZnY0Qreks5YjN4UTE1S3REdlBXTTNIRmMrdzFYUGkxOTR2a0hcL0RJQk5waTg1VVFuOU50eXVrcmwwemlISUp3cUhjd3o5T3pvMGYyRWt4SW9pNGp3c29ZYmlJTWtITG1KSmxrTDV4cThuODM0dnJ0bVJKU1QyMmxYNmlFMTEifQ%3D%3D [ bare URL PDF ]
  3. "KL among top five cheapest cities to visit". June 14, 2012. Archived from the original on March 13, 2016.
  4. "TripAdvisor : Jakarta Kota Wisata Termurah di Dunia". June 13, 2012.