Top 10 Affordable Cities with Lowest Cost of Living

In the ancient era, old people make use of different ways to live. It was still not cash or cards, but they engage in the barter system where they trade some goods in return for their needed products. Also, gold, silver, and other minerals were being used as means of paying for something.

As the time passed by, every generation to generation has found a finer and more improved way of living their daily life. However, as the technology touched the lives of men, life has been a lot harder, unlike the old times. Nowadays, everything seemed to have a value. Everything appears to be revolving around with money.

Today, money and wealth have been the most important thing that controls every human being. It has been the major source of evil, and often, it has been the basis of life. Whether you’re in a well-developed country, the poorest country or the country with the cheapest cost of living, it don’t matter as long as you have all the resources and needs to suffice and quench your hunger, thirst and your primary needs.

In a survey conducted by the Economist’s World Cost of Living Index, it showed several cities with the lowest and affordable living cost. The index which takes place every other year balances the countries basing on the cost of things like food, drink, clothing, rent, transportation and utility bills. This survey aims to help the companies to depict how much restitution to make for the overseas employees.

However, the list includes some cities like the city in the fourth rank, according to the Business Insider, is listed in the world’s most dangerous cities which you should reconsider or somehow not consider. Take note that this list is for you to know how much the city spends for a thing and analyze the cost of living compared to your country’s cost of living.

10. Riyadh, Saudi Arabia (World Cost of Living Index: 57)

average living cost in riyadh1 kg loaf of bread:

Today: 1.78

Five years ago: $1.57

A bottle of wine:

Today: N/A

Five years ago: N/A

A pack of cigarettes:

Today: $2.40

Five years ago: $1.47

1 liter of unleaded gas:  

Today: $0.13

Five years ago: $0.15

The capital and largest city of Saudi Arabia, Riyadh is recognized as a global city. It boasts off its stunning landmarks and beautiful architectures such as the cable-stayed bridge, the newly constructed Skyscraper, Masmak fort, Murabba Palace, Musmak Palace, Kingdom Tower, Burj Rafal, Burj Al Faisaliyah, Riyadh TV Tower, King Abdul Aziz Historical Center, the National Museum of Saudi Arabia, and the Royal Saudi Air Force Museum. Football is the city and the country’s major sport.


9. Jeddah, Saudi Arabia (World Cost of Living Index: 56)
average living cost in jeddah1 kg loaf of bread:

Today: $1.61

Five years ago: $1.18

A bottle of wine:

Today: N/A

Five years ago: N/A

A pack of cigarettes:

Today: $2.31

Five years ago: $1.60

1 liter of unleaded gas:  

Today: $0.13

Five years ago: $0.15

Second largest city in the Kingdom of Saudi Arabia has an estimated population of about 3.4 million inhabitants. It is the commercial center of the country and the primary gateway to the Islam’s holiest city, the Mecca, and also the gateway to the second Islam’s most sacred place, the Medina. Focusing on the scientific and engineering industries, Jeddah has further developed the capital investment leading in these sectors in the country and the Middle East. Recognized as a gamma city by the Globalization and World Cities Study Group and Network (GaWC), fishing and seafood influence the area due to its adjacent location in the Red Sea.


8. Panama City, Panama (World Cost of Living Index: 55 (tied)

average living in Panama City1 kg loaf of bread:

Today: $3.53

Five years ago: $2.72

A bottle of wine:

Today: $7.05

Five years ago: $10.00

A pack of cigarettes:

Today: $4.50

Five years ago: $1.80

1 liter of unleaded gas:  

Today: $1.17

Five years ago: $1.05

The largest and capital city of the Republic of Panama, Panama City had a total population of 880,691 and named as a “beta-” world city. It is the political, banking, commerce and administrative hub of the country. With an average GDP of $15,300, it has a compressed skyline of skyscrapers bordered by a huge area of tropical rainforest. In 2003, Panama was lined along with Curitiba, Brazil in the American Capital of Culture. And it was ranked among the world’s top five places for retirement by the International Living.


7. Bucharest, Romania (World Cost of Living Index: 55 (tied)

cost to live in Bucharest1 kg loaf of bread:

Today: $2.07

Five years ago: $2.77

A bottle of wine:

Today: $4.12

Five years ago: $4.73

A pack of cigarettes:

Today: $4.16

Five years ago: $2.53

1 liter of unleaded gas:  

Today: $1.75

Five years ago: $1.63

Capital and largest city of Romania, Bucharest is also the center city for cultural, industrial, and financial. With a mixture of historical to neo-classical, interbellum, communist era and modern architectural designs, the city attracts various visitors yearly. Although the city has once faced a massive damage due to the wars and natural calamities like earthquake, it has encountered the last boom in its economy and culture.


6. Algiers, Algeria (World Cost of Living Index: 53)

economical living in algiers1 kg loaf of bread:

Today: $2.44

Five years ago: $2.92

A bottle of wine:

Today: $11.40

Five years ago: $8.18

A pack of cigarettes:

Today: $4.89

Five years ago: $3.98

1 liter of unleaded gas:  

Today: $0.28

Five years ago: $0.37

Capital and largest city of Algeria, Algiers has an estimated population of about 3,500,000 as of 2011. It is situated in the west portion bay of the Mediterranean Sea lying in the northern area of the country. Due to the gleaming white buildings surging up from the sea, it is sometimes called as El-Behdja or rather Alger la Blanche which means “Algiers the White.” The city was composed of an old part which is also known as the ancient city of the deys that rises behind the modern town and surrounded by the casbah or citadel and is 122 meters (400 ft0 above sea level; the other is the modern part of the city that is erected on the level ground by the seashore. The Casbah and the two docks shape a triangle.


5. Kathmandu, Nepal (World Cost of Living Index: 44 (tied)

living cost in kathmandu1 kg loaf of bread:

Today: $1.26

Five years ago: $0.96

A bottle of wine:

Today: $18.98

Five years ago: $15.07

A pack of cigarettes:

Today: $1.53

Five years ago: $1.26

1 liter of unleaded gas:  

Today: $1.24

Five years ago: $1.33

The largest and capital city of Nepal, Kathmandu is the home of the SAARC headquarters. Among the other cities in the country, it is the only city that is classified under the regulatory status of Manahagar or the metropolitan city. Elevated of about 1,400 meters (4,600 ft) in the bowl-formed Kathmandu Valley, it is bordered with four major highlands – Shivapuri, Phulchoki, Nagarjun, and Chandragiri. The center of Nepal’s economy, Kathmandu is the focal point for tourism that attracts tourists annually contributing to about 3.8 percent of the country’s GDP.


4. Damascus, Syria (World Cost of Living Index: 44 (tied)

living in Damascus1 kg loaf of bread:

Today: $1.88

Five years ago: $2.03

A bottle of wine:

Today: $6.47

Five years ago: $3.04

A pack of cigarettes:

Today: $1.58

Five years ago: $2.35

1 liter of unleaded gas:  

Today: $0.78

Five years ago: $0.78

Capital and second largest city of Syria, Damascus is usually called Syria and known as the city of Jasmine with an estimate of 1,711,000 inhabitants as of 2009. Considering that it is the world’s oldest gradually inhabited cities, it is the Levant’s major center of culture and religion. Historically, the city plays a major role in the trade industry before it changed due to the political development of the country. However, experts say the real-estate sector and stock exchange is booming.


3. New Delhi, India (World Cost of Living Index: 43

living in new delhi1 kg loaf of bread:

Today: $1.05

Five years ago: $0.84

A bottle of wine:

Today: $16.33

Five years ago: $39.24

A pack of cigarettes:

Today: $2.20

Five years ago: $1.88

1 liter of unleaded gas:  

Today: $1.14

Five years ago: $1.17

The capital city of India, New Delhi is the executive, legislative and judiciary seat of the Indian government. It is also the hub of the Government of the National Capital Territory of Delhi one of the eleven districts in the NCTD and located within the metropolis of Delhi. Most of the time, Delhi, and New Delhi is interchanged when used to define the jurisdiction of NCT. The two cities are distinct with each other as New Delhi is a small portion of Delhi. The city is the largest commercial and financial city in the northern part of the country.


2. Karachi, Pakistan (World Cost of Living Index: 40)

living in karachi1 kg loaf of bread:

Today: $1.59

Five years ago: $1.78

A bottle of wine:

Today: $13.73

Five years ago: $10.47

A pack of cigarettes:

Today: $1.56

Five years ago: $1.35

1 liter of unleaded gas:  

Today: $1.14

Five years ago: $1.18

Karachi is the main port city in Pakistan. The capital of the Sindh province, Karachi is the largest and most populous metropolitan city of Pakistan. It also ranked as the sixth largest metropolitan area and the second largest city in the world by population. Known as the city of lights due to its active nightlife, Karachi is the main seaport and financial center of the country. It ranked as the seventh largest urban agglomeration in the world and the largest city in the Muslim world.


1. Mumbai, India. (World Cost of Living Index: 39)

living in mumbai1 kg loaf of bread:

Today: $0.91

Five years ago: $0.93

A bottle of wine:

Today: $20.59

Five years ago: $25.22

A pack of cigarettes:

Today: $1.53

Five years ago: $1.87

1 liter of unleaded gas:  

Today: $1.21

Five years ago: $1.22

Also known as Bombay, the capital city of Maharashtra is the most populated city in India. The city is the ninth most populous agglomeration in the world, one of the most populous urban regions, and the second most populous metropolitan area in India. Mumbai was then called the alpha world city in 2009. While the city has the highest GDP of any city in South, West, or Central Asia, Mumbai is the wealthiest city in India with the highest number of billionaires and millionaires in the country. Furthermore, the city is financial, commercial and entertainment center of the country and one of the world’s top 10 centers of commerce regarding international financial flow.