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December 02, 2021 at 04:05 PM
Related: 10 Most Expensive Cities in the World: EIU
The cheapest cities in the Economist Intelligence Unit’s latest World Cost of Living index are mainly in the Middle East and Africa, or in the poorer parts of Asia.
The city at the bottom of the heap, by far the cheapest, has seen its country’s economy ravaged by war. It ranked lowest in seven of 10 pricing categories and was among the lowest in the other three.
The city just above it faces severe political and economic challenges. It is particularly cheap for food, clothing and transport.
The EIU bases its index, published in June and December, on semiannual surveys that compare more than 400 individual prices across some 200 products and services in 173 cities. The prices are then compiled into an index, benchmarked against prices in New York City, which receives a score of 100.
EIU researchers collected data for the latest survey between Aug. 16 and Sept. 12.
See the gallery for the 10 cheapest big cities in the world.
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