In this article we are going to talk about the top 10 cheapest cities in the world. In the modern age of increasing urbanization and globalization, the cost of living and survival in most of the big, metropolitan cities of the world is exponentially increasing, causing a huge problem of existence to the people belonging to the lower-middle and lower classes of the society. However, amidst such expensive modern cities, there are several cities in the world which are way cheaper to live in than the people living in such metropolitan cities can ever imagine.
Top 10 Cheapest Cities in the World
Hence, through this article let us take a tour to the top 10 cheapest cities across the world, and don’t be surprised as almost all of them belong to India, owing to the cheap possible lifestyle in the country, unlike the Western world.
Being the capital city of the south-western state of Kerala, Thiruvananthapuram is certainly one of the cheapest cities in the world. This data is obtained after a detailed analysis of the cost of living, rental, and food analysis, according to which Thiruvananthapuram is the cheapest in every department. According to records, the average money required for a single person to lead a reasonably good life here is about INR 18,000, and for a four-member family is about INR 60,000. Thiruvananthapuram has a current and updated cost of living index of about 19.77, a rent index of 4.33, and a cost of living plus rent index of 12.38. Other than cheap living and rental costs, this city earlier known as the Trivandrum also possesses some of the most cheap restaurants, hence accounting for its Restaurant Price Index of 10.66. Along with this, it also possesses a grocery index of 20.31 and hence tops the list in being the cheapest cities of the World.
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Being located in the city of Andhra Pradesh, India; Visakhapatnam is the second cheapest city in the world considered based on the Cost of living plus rent index. The average cost for a person to live quite a luxurious life is INR 19000, and it ranges to about INR 68,000 for a family of four members. This city has a cost of living index of 21.09 and a rent index of a mere 4.11. Just like Thiruvananthapuram, even Visakhapatnam has a minimal restaurant price index of 13.5 and hence consists of several cheap restaurants throughout the city. The only high index for Visakhapatnam is its local purchasing power index that marks 52.04, but it is well compensated by its cost of living plus rent index of 12.97, making it the second cheapest city in the world in that category.
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The city of Bhopal is located in Madhya Pradesh, the central most state of India, and is the third cheapest city in the world based on the information regarding the cost of rent and living. The average cost for a person to live quite a luxurious life is INR 21,000 and it ranges to about INR 73,950 for a four-member family. The city has a cost of living index of INR 23.42 and a rent index of just 3.46. In addition to this, the city has quite cheap restaurants, owing to its restaurant price index being 15.59, however on the contrary has a quite high local purchasing power index of 50.64. This, however, is balanced by Bhpal’s low cost of living plus rent index of 13.87 and hence causes it to be the world’s third-cheapest city in that respect.
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The city of Lahore, located in the state of Punjab in Pakistan is again a very cheap city to reside in the world. It ranks first according to the grocery index worldwide, having the lowest grocery index of 19.66. The average cost of a person living quite a sufficient life in Lahore is about INR 24,806 which is equivalent to INR 82,192 for a family of four people. The fact that Lahore is the cheapest on the world grocery index, does not mean that it has a high cost of living or rent as it has a cost of living index of 23.42, a rent index of 4.78 and a cost of living plus rent index of 14.51, thus placing it among the top cheapest cities of the world.
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The city of Bhubaneswar is the capital of the Indian state of Odisha and is again another cheap city located on the eastern coast of India. This city, similar to the other mentioned cities, is a very cheap city to reside in and has a mere cost of living index of 23.17. Although one may argue that Bhubaneswar is quite expensive in terms of property and land prices, discouraging most middle-class people from purchasing them, but on the contrary, the rental price of the city is pretty low, and hence reflects on its low rent index of 3.90. It has a grocery index of 24.73 as well as a cheap restaurant price index of 13.29. Hence Bhubaneswar possessing a low cost of living plus rent index of 13.97 lists in some of the top cheapest cities of the world.
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The city of Nagpur is a large central city in the state of Maharashtra, India, and stands tall among the list of the cheapest cities in the world. It has an average monthly cost of a single individual of about INR 21,571 and has a low cost of living index of 23.48. In addition to this, the city of Nagpur also thrives in cheap rents and restaurants, hence accounting for its low rent index of 4.25 and a restaurant price index of 19.73. Moreover Nagpur possesses a very low cost of living plus a rent index of just 14.28, which comfortably places it within the top 10 cheapest cities to live in the world.
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Apart from living and occasional restaurant expenses, grocery cost has also a major role in determining the lifestyle expense of a city, as groceries are essential for every person to feed upon and survive. Hence considering that detail in mind, the city of Tbilisi appears next on the list as the city possesses a very low grocery index of 22.19, which is lower than several of the cities mentioned here. Now, considering its living cost index, it is pretty decent with a value of 28.2, But has a significantly high rent and restaurant indices of 10.83 and 26.46, compared to the other cities, with an overall cost of living and rent index of 19.92.
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The city of Lucknow, located in the state of Uttar Pradesh in India is another cheap city, having a cost of moderate cost of living index of 23.42 and a low rent index of 4.71. The average individual monthly cost for a comparatively luxurious life in this city is about INR 22,457 and its cost of a four-membered family is about INR 76,480. The city of Lucknow, just like Tbilisi has a very low grocery index of 14.42, making it one of the cheapest cities in the world to eat and survive in. However, this is accompanied by a higher restaurant price index of 18.44. The overall cost of index and rent index of Lucknow is just 14.42 and together with its low grocery index, definitely makes Lucknow one of the most ideal cities of the world to reside in, with cheap facilities of living, rent, and food.
The city of Karachi is the capital of the Pakistan province of Sindh, in Pakistan and just like Lucknow is an ideal city for settling due to several reasons. This city has a normal cost of living index of 23.07 and a bare minimum rent index of 4.57, making it a perfect place for settling in. However, unlike other cities, Karachi along with these benefits also provides the benefits of cheap groceries and restaurants to its citizens as evident from its restaurant index of 19.20 and grocery index of 20.03. Hence the city of Karachi can be classified under some of the very selected cities across the globe that provide cheap facilities of everything ranging from the cost of living, to rent to grocery and then a restaurant, and hence with a cost of living and rent index of just 14.22, Karachi is surely one of the cheapest cities in the World.
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The last city that I want to mention on this list is Kolkata. Although stat wise this city might not fit exactly into the exact type 10 cheapest cities of the World, but it being my home city, I know that it is possible to lead a life in Kolkata with the bearest of income, and is one of the cheapest cities of the world, if the expenditure is perfectly planned. Speaking of data, the cost of living index in Kolkata is 24.37 and its rent index is 5.37. It also possesses a very low restaurant price index of 20.10 and a grocery index of 23.89. However, despite the high grocery charges, the unique feature of Kolkata is its extremely low Transportation, food, and rent charges making it possible for people from different strata of the society to comfortably exist here. Hence possessing a cost of living and rent index of 15.28, Kolkata is surely one of the cheapest cities in the world.
Thus, the above article highlights the list of the top 10 cheapest cities of the world, that make it possible for people belonging to different strata of the society to exist comfortably in those cities.