Manila among world’s least expensive cities for expats

The survey put Manila in the league of four other Asian cities with this distinction, namely: Kathmandu, New Delhi, Mumbai and Karachi, where cost of living is just over a third of that of New York.

In the survey, EIU compared the cost of products and services in 140 cities. It is aimed at helping companies calculate allowances for executives and their families being sent overseas.

At the other end of the spectrum, the strong yen has made Tokyo and Osaka the world’s most expensive cities for expatriates, while sharp currency declines cut living costs in Australia and New Zealand, the same survey showed.

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