In a period in which the cost of living continues to grow in the world, identify the cities that offer advantageous economic conditions can represent a real challenge. Whether buying a new home or tourists looking for low-cost destinations, knowing where it is possible to save is of considerable importance.
Compare the marketprice comparison site United Kingdom nalyze 42 capitals, to determine the most convenient places to live: here are the results.
How is the discount calculated?
The classification takes into account eleven parameters, each of which contributes significantly daily expenses. Rent, often the biggest monthly expense for families and singles, emerged as a key issue.
Also i public transportthat affect daily mobility, and the costs of food and services, such as energy and internet, were considered. Finally, the study includes the price of entertainment and cultural activitiesto make an analysis “in balance between needs and pleasures” and thus highlight cities that are not only economic, but also livable and stimulating.
The most affordable cities in the world
Among the cities that stand out for being cheap, the podium is represented by:
- Seoul, South Korea: it is positioned as the most affordable city in the world, thanks to an unemployment rate of 2.50%, the lowest among the 42 cities analyzed. The South Korean capital also benefits from an interest rate of 3.50% and modest increases in property prices (11.10%) and rents (8.50%) since 2015. electricity averages (about 0.194 AUD per kilowatt hour) contribute to making it competitive. However, the costs of basic foods such as milk and bread are high, while average annual wages remain low compared to other cities;
- Brisbane, Australia: is in second place thanks to initiatives such as the experiment of ultra-low public transport fares for just 0.50 Australian dollars. Fuel costs are among the lowest, with an average of 1.68 AUD per liter for 95 RON petrol. However, rental prices have increased by 17.70% since 2015, and the unemployment rate is 4.20%. Despite these advantages, the city experiences less competitive energy, food and interest rates than other places;
- Luxembourg: the capital of Luxembourg stands out for the highest average annual salaries in the world (126,690 AUD) and the free public transportintroduced in 2020. These factors, together with a low interest rate (3.65%) and a moderate increase in rental costs (+13.10%) and housing (+41.80%) from 2015, make it a really attractive destination. However, the cost of essential goods such as bread, milk and coffee is among the highest, while the unemployment rate exceeds the global average.
Europe between savings and comfort
Despite the Europe is often associated with high costs, there are exceptions that prove the rule. Sofiain particular, it is an ideal destination for those looking for a high quality of life at an affordable price.
As well Krakowin Poland, e Lisbonin Portugal they are no different: affordable rent, cheap transportation and a vibrant cultural scene. These are cities that attract not only tourists, but also digital nomads and retirees looking for a comfortable lifestyle without spending a fortune.
Rome: the only Italian city in the ranking
Rome stands out in the ranking of the most accessible in the world,eight place with an overall score of 5.59.
The capital, famous for its extraordinary historical and cultural heritage, has managed to combine a reasonable cost of living with a high-quality urban experience. Despite the tourist influx, rent and restaurant prices remain competitive compared to other European metropolises.
A result that highlights how Rome is not only an excellent tourist destination, but also a livable city for residents and expatriates.
Asia: growing economic destinations
the Asia it has long been recognized as a continent of numerous economic opportunities, and cities such as Hanoi and Bangkok are the perfect example. Here, modernity meets centuries-old traditions, and creates an attractive environment for residents and travelers.
Bangkok, for example, is known for its lively markets, cheap street food and low cost public transport while Hanoi stands out for its authenticity and an increasingly international community.