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.


  • 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:  


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

Sultan Qaboos Grand Mosque

Ruwi Mosque
Zawawi Mosque



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.


  • 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:    

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


National Memorial,Dhaka 


Lalbagh Fort,Dhaka 


Armenian Church of the Holy Resurrection





 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.

  • 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:


Major attractions:


Notre Dame d’Afrique


Monument des Martyrs


The Ketchaoua Mosque


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”.



  • 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:     


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:



Kumari Ghar


Pashupatinath temple






Narayanhiti Museum


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.


  • 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: 


A view of this beauty:


The skyline of Panama City from Ancon Hill:



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


Casco Viejo or Casco Antiguo


Las Bóvedas (“The Vaults”)


The Cathedral at Plaza de la Catedra


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:     


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


Major attractions:


Old Jeddah


King Fahd’s Fountain


Floating Mosque


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.


  • 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:   


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


Humayun’s Tomb


Akshardham Temple


India Gate

Red Fort



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.


  • 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:   


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


Tehran International Tower


National Museum of Iran

The Carpet Museum of Iran


St. Sarkis Church


Ferdowsi Square



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.

  • 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:     


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


Major attractions:


Gateway of India

Chhatrapati Shivaji Terminus


Elephanta Caves


Juhu Beach


Nariman Point


Girgaum Chowpatti


Essel World 


Water Kingdom


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.


  • 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:    


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




Quaid-E-Azam’s Mausoleum 


Clifton Beachand Funland


National Museum of Pakistan/BurnsGarden




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