According to the 2013 Worldwide Cost of Living survey by the Economic Intelligence Unit (EIU), the Saudi Arabian city of Jeddah is among the top 10 cheapest cities in the world. Jeddah is ranked ninth in the world among the 131 cities surveyed by EIU.
Prices of over 160 varied items and services like food, toiletries, clothing, domestic help, transport and utility bills were compared in the survey. Pushing Zurich from the top of the ranking, Tokyo is now listed the most expensive city in the world.The reports say that the Japanese capital has been in this position on and off for the past 20 years.
Mumbai and Karachi hold the same position for the cheapest places in the survey. New Delhi, Kathmandu, Algiers, Bucharest, Colombo, Panama City, Jeddah and Tehran are the rest of the cheapest cities.
However, report says that Jeddah, Bucharest and Panama City offer a cheap cost of living in a more stable environment.
Asia has over half of the world’s 20 expensive cities, and at the same time home to six of the 10 cheapest cities.