South American Cities Rank Among the Cheapest in the World

While Tokyo and Osaka in Japan are the most expensive cities in the world, followed by London, which remained top of the list in Europe because of its steep housing and transport costs, MERCOSUR capitals are among the cheapest burgs, according to the latest report from Mercer Human Resource Consulting.

The report based on data from last March includes 144 cities in over 40 countries, featuring New York as base reference with 100 points. This means Tokyo figures with 134,7 points and Asuncion, Paraguay, at the bottom of the list with 40,3 points.

Buenos Aires with 50,3 points figures in position 142nd, close to Montevideo, 53.5 points placed 140th, and Venezuela´s Caracas 138th with 54.4 points. Peru´s Lima figures as the dearest city in South America with 66.9 points.

The report is based on a poll and helps corporations and governments have an idea about levels of income for overseas officials, including the comparative cost of 200 different items such as housing, food, clothing, furniture, leisure.