Mumbai Is The Costliest City Of India: Survey Report

In terms of cost of living, Mumbai was ranked 21st in Asia, while New Delhi, the capital, came in at number 30.

The other Indian Cities on the survey list that were in competition with Mumbai are:

• New Delhi was at the 164th position, up four spots from last time.

• Chennai was at the 189th position, down five spots from last time.

• Bengaluru was at the 195th position down six spots from last time.

• Hyderabad was at the 202nd position, the same as last time.

• Pune was at the 205th position, up eight spots from last time.

• Kolkata was at the 207th position, up four spots from last time.

The information displays the following based on the sectoral classification of numerous factors, including food, transportation, energy, etc:

Goods & Service Pricing:
The most expensive cities for energy and utilities are Mumbai and Pune.

When speaking of transportation, Bengaluru and Mumbai are the most expensive cities.

Delhi has the cheapest alcohol and tobacco prices, whereas Chennai has the highest.

If we take a look at personal care products, Kolkata has the lowest prices, while Mumbai has the highest, followed by Chennai.

If we take a look at food items, the most affordable food items in Kolkata include milk, dairy, bread, drinks, oils, fruits, and vegetables. Pune comes in second.

Housing Rates:
In many Indian cities, including the following, the study states that housing rentals have increased significantly:

• Bengaluru: 3 to 6 % growth.

• Hyderabad, Pune, and Chennai: 2 to 4 % growth.

• Delhi: The highest percentage increase, 12 to 15 %.

• Mumbai: An increase of 6 to 8 %.

• Kolkata: Lower than 2 % growth (the slowest). 

Top 10 most expensive cities in the world according to global rankings:

Hong Kong, Singapore, Zurich, Geneva, Basel, Bern, New York City, London, Nassau, and Los Angeles are among the top ten most costly cities in the world.

RELEASE: Research found that Hong Kong remains the world’s most expensive city for #international employees. Discover which cities made the full list in our global city ranking. https://t.co/FXzk7hHI1v #HR #Talent pic.twitter.com/te1jleAkWc

— Mercer (@mercer) June 16, 2024

International Economic Aspects:

The impact of international variables including inflation, rising housing costs, and geopolitical events was also included in the study. Additionally, the stability of the Indian rupee in relation to the US currency was underlined, which has assisted Indian cities in holding onto their ranks.