No, Mumbai is not the most expensive city in the world. While it holds the title of India's most expensive city, its global ranking is significantly lower.
Mumbai's Global and National Ranking
According to recent assessments, Mumbai is positioned as the 136th most expensive city globally. This represents an upward movement of 11 places from its ranking in the previous year. Within India, however, Mumbai consistently ranks as the most expensive city, indicating a high cost of living compared to other Indian urban centers.
The disparity between its national and international standing highlights that while local costs might be high for Indian residents, they are not on par with the world's absolute costliest locations.
Cost of Living Overview
To better understand Mumbai's position, consider the following breakdown of its rankings:
| Category | Ranking | Details |
|---|---|---|
| Global Ranking | 136th globally | Up 11 spots from the previous year. |
| National Ranking | 1st in India | Consistently India's costliest city. |
The cost of living index typically evaluates various factors, including:
- Housing: Rental costs and property prices.
- Transportation: Public transport fares and vehicle expenses.
- Groceries: Prices of essential food items.
- Utilities: Costs for electricity, water, and internet.
- Leisure and Personal Care: Expenses for entertainment, dining out, and services.
While Mumbai's status as India's financial capital contributes to higher costs for housing and daily expenses, it remains far from the top-tier global cities renowned for their exorbitant living costs.
