The 10 Most Affordable Cities in the World - Ranking 2023

Let's take a'trip' through the world's most expensive cities, those destinations that, especially when living rather than as tourists, are best avoided, or at the very least, it's best to make a few small calculations in your pocket.
Here is the ranking of the 10 cities that should absolutely be avoided with a view to'spending review'. In this special list there are some European cities but no Italian ones: let's find out what they are!

Ranking criteria

The ranking is based on data collected by Numbeo on Cost of Living Indices. These indices take as a reference point the cost of living in the city of New York, which therefore takes the value of 100 in this ranking. Consequently, if a city's index is 120, it means that on average it is 20% more expensive than New York City, and correspondingly, if the index is 80, it is 20% cheaper than New York City.

To better interpret these indices, below is a series of costs for New York City ( forextradingitalia data), which is taken as a reference here:

• Rent flat (3 rooms) in the city centre: €1,815.63

• Flat rental (3 rooms) in the suburbs: €1,411.77

• Lunch or dinner for 2 persons (3 courses): €70.00

• 1 litre of milk: €1.00

• 1/2 kg bread: €3.35

• Fuel: €0.70 litre

• Local transport ticket: €2.50

• Household utilities (electricity, gas, rsu, heating): €140.00 / month

• Average monthly salary (after taxes): €2,686

Ranking of the 10 most expensive cities in the world

Ranking of the 10 most expensive cities in Europe

Ranking of the 10 most expensive cities in America

Ranking of the 10 most expensive cities in Asia

Ranking of the 10 most expensive cities in Oceania

Ranking of the 10 most expensive cities in Africa