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Forget About The Price Tag: 10 Cheapest Cities In The World To Live In For 2020

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Forget About The Price Tag: 10 Cheapest Cities In The World To Live In For 2020

The Economist recently released its 2020 Worldwide Cost of Living report, revealing the cheapest cities in the world to live in.

The annual report contains expert data analysis regarding the economic and political conditions of the 133 largest cities in the world in the report.

In an effort to determine the cities possessing the least expensive cost of living, Benzinga has analyzed city-by-city economic growth and business opportunity data from the report.

Simple Economics

The Economist assigned an index level rated 1 through 100 to each of the 133 cities researched.

What’s the significance of these indices? Index levels are calculated via a combination of a market basket of goods and services, as well as rent and mortgage prices.

The closer a city’s index level tends toward 0, the cheaper the city is to live in. The closer a city’s index level tends toward 100, the more expensive a city is to live in.

For context, managing your money in New York isn’t getting any easier. The Big Apple has an index level of 100. On the flip side Damascus is the overall least expensive city in the world with an index level of 25.

The following are the cities with the lowest cost of living, globally.
 

Country

City

Index Level

Syria

Damascus

25

Uzbekistan

Tashkent

30

Kazakhstan

Almaty

34

Argentina

Buenos Aires

35

Pakistan

Karachi

35

Venezuela

Caracas

36

Zambia

Lusaka

38

India

Chennai

39

India

Bangalore

40

India

New Delhi

42

 

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