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THE LEAST costly metropolis on this planet this yr might sound acquainted. It has propped up the Worldwide Cost of Living survey by EIU, our sister firm, since 2017. Our map beneath reveals the way it and its neighbours examine with New York, the index’s benchmark metropolis.
EIU compiles the price of greater than 200 services, that are transformed into {dollars}. It then compares every metropolis relative to New York, which has a benchmark rating of 100. The world’s joint-most costly cities this yr, Singapore and Zurich, each scored 104. This yr’s backside entry was Damascus, Syria’s ravaged capital, which scored simply 13.
The Center East and Africa make up a big share of the underside of the rating; they’re residence to 6 of the ten least expensive cities on this planet. However some elements of the Center East are much more costly: Tel Aviv in Israel and Amman in Jordan are the priciest within the area, with related prices to many cities in western Europe and North America. (The costs have been collected earlier than the warfare in Gaza.) Gulf cities additionally crept greater this yr (see chart).
In sub-Saharan Africa, of the 9 cities included within the index, Harare, Zimbabwe’s capital, is essentially the most expensive. Douala, in Cameroon, rose by 16 locations to 112th, the most important climber of any metropolis in Africa. (This was principally due to the appreciation of its native foreign money towards the greenback.)
The low rankings for a lot of the area will probably be of little consolation to native residents: EIU’s index doesn’t account for costs relative to wages. Egypt, Iran and Syria, for instance, continued to see double-digit inflation this yr. Costs there could also be cheaper than in New York, however few will discover it inexpensive.
Learn extra on the world’s most costly cities:
These are the world’s most expensive cities
How Europe’s cities stack up in the cost-of-living index
Asia’s most expensive cities, ranked
These are the most expensive cities in North America
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