World's Least and Most Expensive Cities for Expats 2014

Zurich: Zurich is considered as one of the world’s most important financial centers. It is home to global financial institutions and banks. Zurich has been declared by various surveys as the city with ‘the best quality of life’ and the Europe’s wealthiest city.Zurich is preferred location of global companies for setting up headquarters as the city offers lowest tax rates. It holds the fourth position in the list of most expensive cities in the world. 1 kg loaf of bread in Zurich costs around $6.19, 1 liter unleaded petrol costs $2.06, 1 bottle table wine costs $15.82 and a pack of 20 branded cigarettes costs $8.83.

The 4 Least Expensive Cities

Mumbai: The average Indian may not consider Mumbai as a cheap city, but the survey by Economic Intelligence Unit declares it the least expensive city in the world for expatriates. Mumbai, the fifth most populous city in the world is also the wealthiest city of India. The EIU report says, “Mumbai’s title as the world’s cheapest city and is a reflection of the structural factors that define price within the Indian subcontinent.”The EIU report cites low wages, easy availability of goods and government’s subsidizing policy as factors responsible for making Mumbai the city with best value for money. The average price of 1 kg loaf of bread in Mumbai is $0.91, cheapest in the whole world.

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