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Mumbai remains the most expensive city in India, says a survey

June 17, 2015 17:32 IST

Mumbai has emerged as one of the costliest cities in the world due to increase in foods prices, home services and rentals, says a Mercer's Cost of Living Survey 2015.

Image: Mumbai has emerged as one of the most expensive cities to live in, according to a survey. Photograph: Reuters

Mumbai, the financial capital of the country, held its position as the most expensive city in India and is ranked above Dallas, Frankfurt and Vancouver, according to a recent survey.

Image: Luanda is the world's most expensive city to live in, according to a survey. Photograph: Reuters

Luanda, the capital of Angola, has been rated the world's costliest city to live in, for third consecutive year, as per Mercer's 'Cost of Living Survey 2015'.

Image: Hong Kong is the second most expensive city in the world for expats. Photograph: Scott Audette/Reuters

"India's most expensive city, Mumbai (at 74th place), climbed 66 places in the ranking due to its rapid economic growth, inflation and services basket and a stable currency against the US dollar," the survey has revealed.

Image: Zurich is the third most expensive city in the world, according to a survey. Photograph: Photograph: Arnd Wiegmann/Reuters

"It (Mumbai) has witnessed higher inflation over the last one year compared to other metro cities, higher cost of fuel, transportation, increased prices of food items, home services and rentals, impacting the cost of living," it said.

The survey further said that Mumbai is ranked higher and more expensive than cities like Dallas (77), Munich (87), Luxembourg (94), Frankfurt (98) and Vancouver (119).

Image: Cost of living in Singapore is one of the highest in the world. Photograph: Clive Mason/Getty Images

Mumbai, the most populous city in the country, is followed by New Delhi (132nd place) and Chennai (157), which rose in the ranking by 25 and 28 spots, respectively.

Besides, Bengaluru (183) and Kolkata (193), the least expensive Indian cities, climbed in the ranking as well, it said.

Image: Rentals, food, travelling and related costs are very high in Geneva, says a survey. Photograph: Reuters

The survey includes 207 cities across five continents and measures the comparative cost of more than 200 items in each location, including housing, transportation, food, clothing, household goods and entertainment.

Asian cities dominate the top 10 costliest cities rankings along with major cities in Switzerland, it said. Hong Kong (2), Zurich (3), Singapore (4) and Geneva (5) top the list of most expensive cities for expatriates, while Bishkek (207),

Windhoek (206) and Karachi (205) are considered world's least expensive cities for expatriates, according to the survey. Tel Aviv (18) continues to be the most expensive city in the Middle East for expatriates.