The 18 cheapest cities in the world

LONDON ' The Economist Intelligence Unit released its annual World Cost of Living report on Tuesday.It'sa huge survey of the expense of living in the world's biggest and most important cities.After analysing a wide-range of data ' fromfood andfuel costs to salaries ' the EIU put together a ranking ofthe most expensive and cheapest cities in the world to live in.It compares factors such as wages and the prices of more than 150 items ' including bread, wine, cigarettes, and unleaded petrol.The cost of living in each city is ranked in comparison with New York City, where New York receives an index score of 100, and one extra point equates to a 1% increase in living costs. This is called the WCOL (World Cost of Living) Index. Any city with a score of below 100 is cheaper than the Big Apple.The top of the list is dominated by cities in Africa and the Indian subcontinent, but a handful in Europe are also among the cheapest. All cities on this list have a WCOL score of 51 or less.Check them out below:T=16. Asuncion, Paraguay ' With a score of 51, Paraguay's capital is the second cheapest place in South America to live, with only the chaotic, hyperinflation-stricken Caracas costing less.T=16. Johannesburg, South Africa ' Despite being at the heart of one of Africa's most developed economies, Johannesburg remains cheap by global standards. It has become relatively a little more expensive in 2017, scoring 51 compared to 50 last year.T=16. Kathmandu, Nepal ' Located deep in the Himalayas, Kathmandu has struggled in recent years after the city was decimated by a 7.8-magnitude earthquake in 2015. This has pushed the relative cost of living in the city downwards.See the rest of the story at Business Insider
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