5 Cities With Lowest Cost of Living in 2023

4. Mumbai, India

Insider Monkey’s Cost of Living Score: 39.35

Mumbai is one of the largest megacities in the world, with more than ten million people living in its boundaries. The city is also an economic hub within India, one of the largest economies in the world. Several Fortune 500 companies are located in Mumbai, and India’s two primary stock exchanges, the Bombay Stock Exchange and the National Stock Exchange are also based in the city. Its business prosperity has also led Mumbai to house some of the highest numbers of billionaires in the world.