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August 09, 2004

Bangalore's Cost of Living Cheaper than Chennai?

Via: Teakada: How expensive is Chennai? sent by Kiran Kumar Jakkaraju.

Chennai/Madras is placed 133 on a scale of 144 Cities (worldwide) based on the cost-of-living. In a survery (click here for complete list) conducted by London's Mercer Human Resource Consulting, Tokyo (Japan), London (UK), Moscow (Russia), Osaka (Japan) & Hong Kong rank among the 5 most costly Cities.

Surprisingly, Bangalore ranks 137th and is supposed to have a better Cost-of-living value than Madras!

The survey looked at 144 cities across the globe. Mercer conducts the survey to help companies and governments with offices around the world determine compensation levels for ex-patriate workers.
Mercer's researchers priced a basket of more than 200 goods and services in each city that reflects expatriate spending habits.

The goods and services include the monthly rent for a two-bedroom luxury apartment unfurnished, the cost of a hamburger, the price of transportation and entertainment.

Check the resulsts @ survey

Check the methodology used @ methodology

Posted by Ramdhan Yadav at August 9, 2004 08:49 AM Perma Link
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