-49. Pune, India
Pune tops GOBankingRates’ list of cheapest cities in the world to live with the best all-around low-cost livability score. Rent is 92 percent lower than in New York City, groceries cost 69 percent less, and local purchasing power is less than 1 percent lower than in NYC.
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Methodology: GOBankingRates sourced a list of the largest cities in the world by population from World Atlas. This list was then cross-referenced with Numbeo’s cost of living index by city. The following factors from Numbeo were analyzed to give each city a score and produce a final ranking: 1) Local purchasing power index: Measures the relative purchasing power of a typical salary in the country. A lower purchasing power buys fewer goods, while a higher purchasing power buys more; 2) Rent index: Includes typical home rental prices in the country; 3) Groceries index: Includes typical grocery prices in the country; and 4) Cost of living index: Includes costs of local goods and services, such as restaurants, transportation and utilities.