Karachi and Islamabad are among the top five most affordable cities to live in, according to Mercer’s Cost of Living City Ranking 2024 survey.
The survey, which ranked 226 cities this year, highlighted significant regional cost variations, especially for potential migrants and international workers.
Islamabad is ranked third, while Karachi is fifth in affordability.
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Despite Karachi and Islamabad’s affordability, the most expensive cities are Hong Kong, Singapore, and Zurich, maintaining their positions from last year. These high living costs are due to expensive housing markets, high transportation costs, and the overall high cost of goods and services.
Several key economic factors have influenced these rankings, including inflation, exchange-rate fluctuations, and geopolitical volatility, significantly impacting the cost of living in major cities.
