Mumbai tops list of world's 10 least expensive cities, Delhi third

 For an average Indian, living costs in Mumbai may be a nightmare. But the new Worldwide Cost of Living 2014 index has thrown up an interesting finding. India's city of dreams has emerged as the world's cheapest city to live in. The analysis takes into account the concept of value of money — how much bread would you get for one dollar or for that matter a litre of petrol. While Mumbai has emerged as the country with the best value for money spent, Delhi has emerged the third cheapest, placing it right at the bottom of the world's most expensive cities.
Buying 1 kg bread in Mumbai would cost $ 0.91 while in Delhi it would be $ 1.05 as against $ 3.36 in Singapore which has toppled Tokyo to be the world's most expensive city to live in this year. The average cost of one litre unleaded petrol in Mumbai is $ 1.21 and in Delhi $ 1.14 as against $ 2.50 in Paris — the world's second most expensive city.
Singapore topped 131 cities globally to become the world's most expensive city to live in 2014, according to the economist intelligence unit (EIU). Asia is interestingly home to some of the world's most expensive cities as well as to many of the world's cheapest cities.
World's 10 most expensive cities to live in 2014
1. Singapore
2. Paris
3. Oslo, Norway
4. Zurich, Switzerland
5. Sydney
6. Caracas, Venezuela
6. Geneva, Switzerland
6. Melbourne
6. Tokyo
7. Copenhagen, Denmark
World's 10 least expensive cities to live in 2014
122. Riyadh, Saudi Arabia
123. Jeddah, Saudi Arabia
124. Panama City, Panama
124. Bucharest, Romania
126. Algiers, Algeria
127. Damascus, Syria
127. Kathmandu, Nepal
129. New Delhi
130. Karachi, Pakistan
131. Mumbai, India