Singapore has sky-high prices for clothes , public transport and new cars . It was followed by Paris , Oslo , Zurich and Sydney in the study . London and Tokyo tied for 11th place , while New York ranked 22nd . Karachi , Pakistan and Bangalore , India named world 's cheapest cities . Caracas fell four places given the state of Venezuela 's shrinking economy .
Singapore has sky-high prices for clothes , public transport and new cars . It was followed by Paris , Oslo , Zurich and Sydney in the study . London and Tokyo tied for 11th place , while New York ranked 22nd . Karachi , Pakistan and Bangalore , India named world 's cheapest cities . Caracas fell 124 places given the state of Venezuela 's shrinking economy .