India ranks first among cheapest countries to live in world

North Gazette News/New Delhi
India has been ranked first in the list of cheapest countries of the world to live as compared to living costs in New York.

As per survey conducted by MoveHub.Com, an expat website that helps people in moving abroad, has ranked India first in the list of cheapest country among 119 countries of the world.

India is followed Nepal, Pakistan, Tunisia and Algeria in the cheapest places to live as compared to living costs in New York.

While Switzerland, Norway, Venezuela, Iceland and Denmark has been ranked as the most expensive cities to live in the world.

MoveHub.Com has compiled the data from the world’s largest database of users who contributed towards indicating the difference in living costs around the World.

“The Consumer Price Index, used to determine the difference in the living costs between countries takes into account the prices of groceries, transportation, restaurants and utilities.

The CPI is a relative indicator of a country’s living costs compared to New York. So, for instance, if a country has a CPI of 70, on average it enjoys 30 percent cheaper living costs compared to New York,” MoveHub.Com said on its online portal.