Top 10 Cheapest Cities to Live in the World

With the increase in prices and unsteadiness of market today, we are back to secure our basic necessities of life which are food, clothes & shelter. The rich is becoming richer & poor poorer. This cliché can be used to define the economic instability that is taking place very frequently now in the world. Middle class & below are becoming fidgety because of increasing rates in almost every product that they consume. Hence it would be a boon to live in a place which doesn’t rob us just because we need to buy a certain things.

Out of 600,000 (and still counting) cities in the whole world, as per statistics, we have a list of cities that are cheapest of all. These are becoming a huge attraction for the tourists and migrants as well because of their more habitable environment. This list is based on the latest worldwide cost of living (WCOL) survey conducted by Economic Intelligence Unit. Let’s have a look at the top 10 cheapest cities in the world:

 

10) Muscat, Oman:Muscat, capital of Sultanate of Oman, an Arab state inSouthwest Asia, is considered to be one of the cheapest cities in the world.Muscat name has been a cause of discussion by various historians. Some say it has the Arabic origin which means hidden place and others say that it has Persian roots which mean fishing place. It has been one of the major trading sites since the very old days. It deals mostly in dates (an edible sweet fruit), seashells & fish. The trading port between Persian Gulf andFar East is Mina Sultan Qaboos. Major modes of transportation in this city are Baiza buses and taxis.

muscat Top 10 Cheapest Cities to Live in the World

 

  • Country:            Oman
  • Area:                   3,500 km2 (1,400 sq mi)
  • Population:      7,34,697
  • Time Zone:        Standard Time (UTC+04:00)
  • Currency:          Omani Rial (OMR)
  • Major Airport:  Muscat International Airport
  • Language:         Arabic, English, Balochi, Swahili
  • WCOL Rating:  63
  • Website:            http://www.mm.gov.om/english

 

It is famously known for its low lying buildings, beautiful sea view across theArabian Sea& its beaches.
Major attractions:

Sultan Qaboos Grand Mosque

sultan qaboos grand mosque Top 10 Cheapest Cities to Live in the World
Ruwi Mosque
ruwi Top 10 Cheapest Cities to Live in the World
Zawawi Mosque

zawawi Top 10 Cheapest Cities to Live in the World 

 

9) Dhaka, Bangladesh: Mughal’s Jahangir Nagar of Bangladesh, Dhaka is the capital and largest city in Bangladesh attaining its name in one of the largest and one of the most populous cities in the world. It is said that name of this city has been derived from Goddess Dhakeshwari whose temple was established by Ballal Sena in 12th Century. It is considered to be the mega city (metropolitan city) due to its population. The name Jahangir Nagar was given by a Mughal Subahdar (designation of the governor) Islam Khan to pay tribute to the great Mughal Emperor Jahangir. Being the commercial hub ofBangladesh, it mostly deals in textile industry and large multinationals like JPMorgan Chase, Nestle, and BP etc have settled in the precincts of this mega city. Major modes of transportation are: cycle rickshaws, auto rickshaws, BRTC (Bangladesh Road Transport Corporation) buses and “Green Taxis” which are environmental friendly because of their usage of CNG.

Dhaka Top 10 Cheapest Cities to Live in the World

 

  • Country:             Bangladesh
  • Area:                    360 km2 (1,40 sq mi)
  • Population:        1,27,97,394
  • Time Zone:         BST (UTC+06:00); Summer Time: BDST (UTC+07:00)
  • Currency:           Taka (BDT)
  • Major Airport:   Shahjalal International Airport
  • Language:           Bengali,  Chittagonian, Sylheti
  • WCOL Rating:    61
  • Website:              Dhakacity.org

Famous nicknames for this city are: City of Mosques & Rickshaw Capital of the World for oddly 400,000 ply in this city every day.

 

Major Attractions:

Dhakeshwari Temple,Dhaka

dhakeshwari Top 10 Cheapest Cities to Live in the World

 

National Memorial,Dhaka 

national memorial Top 10 Cheapest Cities to Live in the World

 

Lalbagh Fort,Dhaka 

lalbagh fort Top 10 Cheapest Cities to Live in the World

 

Armenian Church of the Holy Resurrection

Armenian Church of the Holy Resurrection Top 10 Cheapest Cities to Live in the World

 

Sonargaon

sonargaon Top 10 Cheapest Cities to Live in the World 

 

 8) Algiers, Algeria: Largest city in the largest country of Africa, Algiers is all praise when it comes to its beauty and majestic buildings. Being the capital of Algeria, it’s the urban agglomeration with a population of approx 3.5 million. Situated at the west side of Mediterranean Sea, this city is divided into the old and modern Algiers; old situated at the steep hill over the modern city which is situation at the shoreline. The name is said to be derived from an Arabic name:  al-Jazā’ir which means “The Islands” which adorned the coastline of this city earlier. The main name is Jazā’ir Banī Mazghannā which means “The Islands of the Sons of Mazghanna” who were the major political tribes in this city at one time.

Algiers Top 10 Cheapest Cities to Live in the World

  • Country:           Algeria
  • Area:                1,190 km2 (460 sq mi)
  • Population:        50,00,000
  • Time Zone:        CET (UTC+01:00)
  • Currency:          Algerian Dinar (DZD)
  • Major Airport:   Houari Boumediene Airport
  • Language:         Arabic
  • WCOL Rating:    59

Famous appellations for this beautiful city are: “Algiersthe Dazzling”, “Algiersthe White” for its gleaming white building seen rising up from the sea. It looks like:

Algiers waterfront:

algiers waterfront Top 10 Cheapest Cities to Live in the World

 

Major attractions:

 

Notre Dame d’Afrique

notre dame Top 10 Cheapest Cities to Live in the World

 

Monument des Martyrs

monument des martyrs Top 10 Cheapest Cities to Live in the World

 

The Ketchaoua Mosque

The Ketchaoua Mosque Top 10 Cheapest Cities to Live in the World

 

7) Kathmandu, Nepal: This 2000 years old city is the capital and largest city ofNepal. It’s situated on the Himalayas in the shape of a bowl, hence famously known as Kathmandu Valley. Once called “Nepal Proper” by British historians, it’s the metropolitan city ofNepal. Because of its striking infrastructure, it’s the hub of economic inflow through tourism. The name has been derived from a majestic structure called Kasthamandap located inDurbar Square. It’s said that this exclusive temple has been made from a single tree, completely of wood and no iron nails have been used. Kasthamandap is the combination of Kastha which means wood and Mandap which means “covered shelter”.

Kathmandu Top 10 Cheapest Cities to Live in the World 

 

  • Country:              Nepal
  • Area:                     50.67 km2 (19.56 sq mi)
  • Population:        10,06,656
  • Time Zone:         NepalTime (05:45)
  • Currency:            Nepalese rupee
  • Major Airport:   Tribhuvan International Airport
  • Language:            Nepali, Hindi, English
  • WCOL Rating:     58
  • Website:               kathmandu.gov.np

 

Ancient manuscripts refer to this city as Kasthamandap Mahanagar which means great city. Also, the name “Kantipur” has been used to denote this city which means place of Goddess Laxmi.

 

Famous sobriquets are: “Land of Gods” and “land of the largest congregations of magnificent historical monuments and shrines ever built”

 

Major Attractions:

Kasthamandap

kathmandap Top 10 Cheapest Cities to Live in the World

 

Kumari Ghar

kumari ghar Top 10 Cheapest Cities to Live in the World

 

Pashupatinath temple

pashupatinath Top 10 Cheapest Cities to Live in the World

 

Boudhanath

boudhanath Top 10 Cheapest Cities to Live in the World

 

Swayambhu

swayambhunath Top 10 Cheapest Cities to Live in the World

 

Narayanhiti Museum

narayanhiti palace museum Top 10 Cheapest Cities to Live in the World

 

6) Panama City, Panama: Capital and the largest city of the southernmost country of Central America, it is located at the pacific side of Panama Canal which connects Atlantic Ocean withPacific Ocean. The name of this city is taken from the country it resides in.Panama word has caused a lot of discussions and various historians had their own explanations for this. Some say it is named after a common species of tress, or due to abundance of butterflies, it means “many butterflies” and others say that it means “abundance of fish”. Also, another explanation says that it has been derived from the word “bannaba” which means “far away”. Being the hub of international banking and commerce, it’s called theBetaWorldCity and is also considered to be the most important city ofCentral America. Not only this, but its also the political and administrative heart of the country. This city is responsible for approx. 55% of country’s GDP and tourism is the major source of economic inflow.

panama Top 10 Cheapest Cities to Live in the World

 

  • Country:           Panama
  • Area:                275 km2 (106 sq mi)
  • Population:        12,72,672
  • Time Zone:        EST (UTC-05:00)
  • Currency:          Balboa (PAB) and US dollar (USD)
  • Major Airport:   Tocumen International Airport
  • Language:         Spanish
  • WCOL Rating:    58
  • Website:           Municipio.gob.pa

 

A view of this beauty:

PCskyline Top 10 Cheapest Cities to Live in the World

 

The skyline of Panama City from Ancon Hill:

panama city skyline taken from the hilltop Top 10 Cheapest Cities to Live in the World 

 

This beautiful city is surrounded by a large belt of tropical rainforest and has a dense skyline of high-storied buildings. It holds a position in the list of world’s high-rise buildings by count.

 

Major attractions:

 

Panamá Viejo

panama viejo Top 10 Cheapest Cities to Live in the World

 

Casco Viejo or Casco Antiguo

casco viejo Top 10 Cheapest Cities to Live in the World

 

Las Bóvedas (“The Vaults”)

las bovedas Top 10 Cheapest Cities to Live in the World

 

The Cathedral at Plaza de la Catedra

The Cathedral at Plaza de la Catedra2 Top 10 Cheapest Cities to Live in the World

 

5) Jeddah, Saudi Arabia: The second largest city of largest Arab state in west Asia, it is situated in the most populous province i.e. Makkah Province of Saudi Arabia. It is located at the coastline of Red Sea and is the largest city of Makkah Province. It attained 4th position in the list of Innovation Cities in the region of Africa/Middle East and is called theGammaWorldCity (GlobalCity). Earlier, it was well known for its renowned money changers. The history of the word “Jeddah” comes from Arabic word Jaddah which means “grandmother” and as Eve is said to be the grandmother of humanity, hence this refers to her. It is also considered as the main port city as well as the second commercial centre of Middle East. Nearby to this city, are Islam’s holiest cities:Mecca &Medina.

 

  • Country:             Saudi Arabia
  • Area:                    3,000 km2 (1,000 sq mi)
  • Population:        53,18,636
  • Time Zone:        EAT (UTC+03:00)
  • Currency:           Saudi Riyal (SAR)
  • Major Airport:   King Abdulaziz International Airport
  • Language:           Arabic, English
  • WCOL Rating:     57
  • Website:               jeddah.gov.sa

 

Famous name for this beautiful city: The Bride of the Red Sea

 

Major attractions:

 

Old Jeddah

old jeddah Top 10 Cheapest Cities to Live in the World

 

King Fahd’s Fountain

king fahds fountain Top 10 Cheapest Cities to Live in the World

 

Floating Mosque

floating mosque Top 10 Cheapest Cities to Live in the World

 

4) New Delhi, India: Microcosm of India, one of the world’s top global cities, 2nd most populous city of India, 10th most populous city in the world & 7th biggest urban agglomeration in the world, New Delhi is truly the capital of 7th largest country by area & second most populous country in the world. Central Government ofIndia resides at the heart of this city and is also the largest hub inNorthern India for commercial and financial centres. Various international organizations like UNESCAP, UNICEF, WHO, UNAIDS etc have their regional offices in this city.

 new delhi Top 10 Cheapest Cities to Live in the World

  • Country:             India
  • Area:                    1,500 km2 (600 sq mi)
  • Population:       1,38,50,507
  • Time Zone:         IST (UTC+5:30)
  • Currency:           Indian Rupee
  • Major Airport:  Indira Gandhi International Airport
  • Language:           Hindi, English, Punjabi
  • WCOL Rating:   55
  • Website:             ndmc.gov.in

 

Views of the people who have been to this city: “one of the Ultimate Cities of a Lifetime to visit and explore”

 

Major attractions:

 

Lotus Temple

lotus temple Top 10 Cheapest Cities to Live in the World

 

Humayun’s Tomb

humayun tomb Top 10 Cheapest Cities to Live in the World

 

Akshardham Temple

akshardham Top 10 Cheapest Cities to Live in the World

 

India Gate

india gate Top 10 Cheapest Cities to Live in the World


Red Fort

red fort Top 10 Cheapest Cities to Live in the World 

 

3) Tehran, Iran: Historically called Ray, this city is the 32nd capital of Iran, a country in Western Asia. It’s the largest in Western Asia by population and holds 19th position in the list of largest cities globally. Origin of the name is ot known. It earned a position as the least expensive capital in the world and also a 2nd position as least expensive city in the world in 2008. Having the world’s best stock exchange by performance, i.e. Tehran Stock Exchange, it is considered to be the economic heart ofIran. This city is famously known for its carpets and furniture.

Tehran Top 10 Cheapest Cities to Live in the World

 

  • Country:             Iran
  • Area:                    1,274 km2 (492 sq mi)
  • Population:       1,34,13,348
  • Time Zone:        IRST (UTC+03:30); Summer Time: IRDT (UTC+04:30)
  • Currency:          Iranian Rial
  • Major Airport:  Mehrabad International Airport
  • Language:          Persian
  • WCOL Rating:   54
  • Website:             Tehran.ir

 

It’s famous for the wide range of historical and religious buildings. Various such reasons have prompted a whole lot of people to migrate to this city in the past.

 

This city has got one of the busiest road traffic because of which, air pollution is becoming an issue of concern, however government has been putting efforts in reducing the same by making the use of CNG. An interesting fact is that Imperial Jewels of Persia are kept in this city and that adds a whole new value to it.

 

Major attractions are:

 

Azadi Tower

azadi tower Top 10 Cheapest Cities to Live in the World

 

Tehran International Tower

tehran international tower Top 10 Cheapest Cities to Live in the World

 

National Museum of Iran

national museum of iran Top 10 Cheapest Cities to Live in the World


The Carpet Museum of Iran

carpet museum of terhan Top 10 Cheapest Cities to Live in the World

 

St. Sarkis Church

st sarkis church Top 10 Cheapest Cities to Live in the World

 

Ferdowsi Square

ferdowsi square Top 10 Cheapest Cities to Live in the World 

 

2) Mumbai, India: The more said about this former capital of India, the less it would be. The heart of India, it is now the capital of the second most populous state and least to say, it comprises of almost the best of everything in India. Richest & most populous city of India, 4th most populous in the world, holding the highest GDP rate in most of theAsia, it has earned a title of one of the best cities to live in. Previously known asBombay, the origin of the name has many definitions. Most popular one is Portuguese origin from the word Bom Baim which means “little bay” as it is the main seaport of not onlyIndia but one of the major ones inArabian Sea. The origin of the word Mumbai is that from the name of the famous Koli Goddess Mumbaidevi. It is also called the commercial and economic hub of India.

mumbai1 Top 10 Cheapest Cities to Live in the World

  • Country:             India
  • Area:                     603 km2 (233 sq mi)
  • Population:        18,414,288
  • Time Zone:          IST (UTC+5:30)
  • Currency:            Indian Rupee
  • Major Airport:   ChhatrapatiShivajiInternationalAirport
  • Language:           Marathi, Hindi, English, Gujarati
  • WCOL Rating:    52
  • Website:               www.mcgm.gov.in

 

It is also known for its beautiful buildings, seaport,Asia’s largest theme water park, amusement parks and caves.

 

Major attractions:

 

Gateway of India

gateway of india Top 10 Cheapest Cities to Live in the World

Chhatrapati Shivaji Terminus

chhatrapati shivaji terminus Top 10 Cheapest Cities to Live in the World

 

Elephanta Caves

elephenta caves Top 10 Cheapest Cities to Live in the World

 

Juhu Beach

juhu beach Top 10 Cheapest Cities to Live in the World

 

Nariman Point

nariman point Top 10 Cheapest Cities to Live in the World

 

Girgaum Chowpatti

girgaon chopatty Top 10 Cheapest Cities to Live in the World

 

Essel World 

essel world Top 10 Cheapest Cities to Live in the World

 

Water Kingdom

water kingdom Top 10 Cheapest Cities to Live in the World

 

1) Karachi, Pakistan:  “Kolachi” being the original name of this beautiful city was founded by Sindhi and Baloch tribes. This name was taken from the Sindhi’s locality “Mai Kolachi” which was very well known at one time. AsPakistan is divided into four provinces,Karachi is the capital of one of those provinces i.e. Sindh. It is the largest city ofPakistan, comes in one of the largest cities in the world by population, also famous for being the main seaport and financial centre. By various surveys,Karachi has been ranked in the list of the cheapest cities to survive in. Being the former capital ofPakistan, it is also titled asBetaGlobalCity which means it is a main hub in global economic system.

karachi Top 10 Cheapest Cities to Live in the World

 

  • Country:             Pakistan
  • Area:                    3527 Km2 (1,362 sq mi)
  • Population:       13,050,000
  • Time Zone:        PST(UTC + 05:00)
  • Currency:           Pakistani rupee (PKR)
  • Major Airport:  JinnahInternationalAirport
  • Language:          Urdu, Punjabi, Pashto
  • WCOL Rating:   46
  • Website:              KarachiCity.gov.pk

 

Famous appellations for this beautiful city are: City ofLights, The bride of the cities & City of the Quaid (after Quaid-e-Azam who was the founder of Pakistan)

 

Major attractions:

 

The Tombs of Chaukundi

tombs of chaukundi Top 10 Cheapest Cities to Live in the World

 

Bhambore

bhambore Top 10 Cheapest Cities to Live in the World

 

Quaid-E-Azam’s Mausoleum 

jinnahs mausoleum Top 10 Cheapest Cities to Live in the World

 

Clifton Beachand Funland

clifton beach Top 10 Cheapest Cities to Live in the World

 

National Museum of Pakistan/BurnsGarden

national museum of pakistan Top 10 Cheapest Cities to Live in the World

 

 

 

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