THE WORLD'S CHEAPEST CITIES

On the territory of several hundred countries of our planet there are tens of thousands of cities, which differ in area, population, climate, standard of living and many other socio-economic indicators. Determining the cheapest city in the world is virtually unrealistic. Such a study requires an incredible amount of time, human resources and financial costs. Therefore most experts usually compare the largest cities and world capitals.

For example, the authoritative Economist Intelligence Unit (EIU) Worldwide Cost of Living study covers 133 largest settlements on the planet. Experts analyze more than 400 prices on 138 items of goods and services, and then they publish a list of cities where it is more expensive and cheaper to live. At the bottom of the rankings are usually countries with unstable political and economic situation, in particular those prone to sharp fluctuations in the national currency.

Note. As a rule, the rankings of the cheapest cities are missing settlements that are located in the territories of the poorest countries in the world, such as some African countries, where it is very difficult to collect statistics for analysis and in general it is almost impossible to live.

Further, given the latest EIU ranking, let us highlight the world's cheapest cities in 2021.

LIST OF THE WORLD'S CHEAPEST CITIES 2021

COUNTRY
1. Damascus (Syria)
2. Tashkent (Uzbekistan)
3. Lusaka (Zambia)
4. Caracas (Venezuela)
5. Almaty (Kazakhstan)

TOP 5 CHEAPEST CITIES IN THE WORLD

DAMASCUS (SYRIA)

Damascus

The cheapest city in the world in 2021 is Damascus. Compared to last year the settlement remained at the same position. Undoubtedly, the main reason for this position is associated with prolonged military conflicts in different parts of the state and unstable political situation in general. It is possible to rent a room in this city for $100-200 per month. The low cost of living in Damascus is primarily due to the fact that Syria is the most dangerous country in the world after Afghanistan.

TASHKENT (UZBEKISTAN)

Tashkent

Tashkent is the capital as well as the political, economic, cultural and scientific center of Uzbekistan. One of the largest and most ancient cities of Central Asia. According to estimations of statistical agencies, about 2.5 million people live here. During the year the city did not lose and did not add any positions, and today it occupies the second place in the list of the cheapest cities in the world. Tashkent has relatively low prices for housing, goods and services.

LUSAKA (ZAMBIA)

Lusaka

Third place in the ranking of the cheapest cities is the capital and largest city of Zambia – Lusaka. For very little money here you can rent a nice apartment and overall accommodation is very cheap. Rent a studio in the city center will cost $30 a month. The urban population of Lusaka is about 1.7 million people.

CARACAS (VENEZUELA)

Caracas

Among the five cheapest cities in the world in 2021 is Caracas. Unlike Syria, there are no large-scale hostilities in this country, but the political and economic crisis has put the state in an extremely difficult situation. According to experts, over the past few years hyperinflation has amounted to tens of thousands of percent and the Venezuelan bolivar has finally lost value, thereby effectively devaluing the salaries of local residents. For foreigners, prices in Caracas are very low.

ALMATY (KAZAKHSTAN)

Almaty

The top 5 cheapest cities in the world is rounded out by Kazakhstan's largest metropolis, Almaty, which was the world's cheapest city in 2017. Thanks to a sharp drop in the indicators of Tashkent, Damascus and Caracas, this locality is now in fifth place. Monthly rent for a furnished studio in Almaty will cost an average of $300. Despite the quite stable environment, the country's main problems lie in its dependence on oil prices and the unpredictability of currency exchange rates. If the income is in dollars or euros, living in Almaty is quite cheap.

Note that the rating of the most expensive cities is headed by Paris, Hong Kong, Zurich, Singapore and Osaka.

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