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Home  » Business » Mumbai is the costliest city in India

Mumbai is the costliest city in India

Source: PTI
June 21, 2004 12:58 IST
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The cost of living in Mumbai is the highest in India followed by that in Delhi, Chennai and Bangalore, a latest global survey said.

Mumbai was ranked 109th with an index value of 66.8, while Delhi ranked 116 (64.7), Chennai 113th (54.2) and Bangalore 137th (51.1), according to 'Cost of Living Survey 2004' by Mercer Human Resource Consulting.

Multinational companies refer to such survey findings to fix compensation allowances for their expatriate workers.

In the United States, New York is the costliest while Pittsburgh is the cheapest American city, it said.

The survey covered 144 countries and measured comparative cost items in each location. The surveyed item costs included housing, food, clothing and household goods, transportation and entertainment.

The cost of living in New York City was taken as the base (100) for the survey.

Tokyo, with a high index of 130.7, is the most expensive city in the world, the survey said, adding that Asuncion in Paraguay was the cheapest. London ranked second followed by Moscow (117.4), Osaka (116.1) and Hong Kong (109.5).

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