Three Pakistani cities named in world’s cheapest cities list

In its recently released list, data company Numbeo has named three Pakistani cities among the cheapest cities in the world.

This list, which evaluates the Cost of Living Index 2024, is compiled from the largest global database of user-contributed data on cities and countries.

According to the report, Karachi, Lahore and Islamabad are among the most affordable cities in the world.

The Cost of Living Index for Karachi is listed at 19.0, with a Rent Index of 2.9. This positions Karachi at the bottom of the list, with a combined Cost of Living and Rent Index of 11.3. Furthermore, Karachi’s Groceries Index stands at 17.6, while the Restaurant Price Index is 13.1 and the Local Purchasing Power Index is 28.0.

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Lahore, Pakistan’s second-largest city, is listed second-last. It has a Cost of Living Index of 19.0 and a Rent Index of 2.9, resulting in a combined Cost of Living and Rent Index of 11.3. The city’s Groceries Index is 16.3, the Restaurant Price Index is 15.7, and the Local Purchasing Power Index is 27.3.

Islamabad, the federal capital, is ranked fourth-last on the list. It has a Cost of Living Index of 21.5 and a Rent Index of 5.3, resulting in a combined Cost of Living and Rent Index of 13.7. The city’s Groceries Index is 19.5, the Restaurant Price Index is 14.6, and the Local Purchasing Power Index is 36.2.

Previously, Karachi was ranked as the world’s second riskiest city by Forbes, while Lahore is known for its poor air quality and smog in global city rankings.