The 10 cheapest cities to live in the world

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Children play next to their home as one of the Electronic city buildings is seen in the back.

Every year, the Economist Intelligence Unit releases two reports, entitled "Worldwide Cost of Living," which give an eye-opening ranking about how expensive or cheap it is to live in the world.

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After analysing a wide-range of data - from food and fuel costs to salaries - the EIU put together a ranking of the most expensive and cheapest cities to live in the world.

The list includes 133 countries and naturally some of the world's key financial hubs like London and New York City ranked near the top the list.

However, on the flipside there were a host of cities from only a selection of regions that trailed right at the bottom of where in the world it is the cheapest to live.