Dollar dive makes Auckland far cheaper

It may not feel like it to recession-hit residents, but Auckland is becoming a cheaper city in which to live, according to a new international survey.

The Economist Magazine Worldwide Cost of Living Survey shows Auckland plummeted 29 places in the past five months, to claim 78th spot on the list of the world's most expensive cities.

Wellington came in just behind at 80th-equal - down from its previous 55th spot, and tied with the Chinese city of Qingdao.

The latest figures were calculated by readjusting September cost of living results using February exchange rates - the weaker a currency, the lower a city's ranking.

To read the full NZ Herald article click here

Posted: 11 Mar 2009

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