The Cheapest Cities in the World – Webtekno

Prepared annually by EIU “Worldwide Cost of Living” well “Worldwide Cost of Living” research shows us the most expensive and cheapest cities in the world to live in at the end of each year.

In December 2023 Let’s see what the results of this recently published research show.

First of all, let’s look at what the research is based on.

The research was conducted to compare the cost of living in various cities around the world. He takes New York City as a benchmark. This research sets the cost of living score in New York at 100 as the benchmark.

EIU for each city Dollar value of over 200 products and services compiles it and compares it with the cost of living in New York City.

So what do the results say? Singapore and Zurich share the title of the most expensive city in the world.

According to the results of the research conducted by EIU The 10 most expensive cities in the world and the scores of these cities are as follows:

1. Zurich (104)
2. Singapore (104)
3. Geneva (100)
4. New York (100)
5. Hong Kong (98)
6. Los Angeles (97)
7. Paris (91)
8. Tel Aviv (89)
9. Copenhagen (89)
10. San Francisco (86)

The cheapest city in the world is Damascus, the capital of Syria.

According to the results of the research 10 cheapest cities in the world and the scores of these cities are as follows:

1. Damascus (13)
2. Tehran (20)
3. Tripoli (23)
4. Karachi (28)
5. Tashkent (31)
6. Tunisia (32)
7. Lusaka (33)
8. Ahmedabad (34)
9. Lagos (35)
10. Buenos Aires (37)
11. Chennai (37)

When we look by continent, we see that most of the cheapest cities are located in the Middle East and Africa.

According to the research, there is an interesting point in this region. In addition to hosting the 6 cheapest cities in the world, this region also hosts cities with high living costs.

For example, the 8th most expensive city on this list Tel Aviv (89), Amman (78), Abu Dhabi (70), Harare (65) and Dubai (64) It is stated that although cities such as these are located in the Middle East and Africa region, they have similar living costs to Western Europe and North America.

Istanbul, on the other hand, received approximately 43 points in this research and is described as a city with an average cost of living compared to New York.

As a result, the research compares the cost of living in New York City to other cities based on 100 basis points and reaches the results we mentioned.

Research, prices were collected before the war in Gaza. and according to these data, the definition of a city as cheap depends on the city in question. That doesn’t mean it will be cheap for local residents either. underlines.

Because in this research, only the dollar values ​​of products and services are compared. Therefore, Since the wages received by local people are not included in the analysis, It is said that inflation and low purchasing power in cities that seem cheap when viewed in dollar terms can make that city an expensive city for local people who do not earn dollars.

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