Paris named the cheapest city for young people to live in the world. See top 10 list

With this new revelation, the City of Light might start experiencing "heavy" immigration flow. Youthful Cities Affordability Index compiled by Toronto-based Decode group has ranked French capital, Paris as the most affordable place for young people between the ages of 19-30 to live.

Paris topped the list is because of it's minimum wage, it has a minimum wage of €9.53 per hour; the highest of all the cities covered in the study. Other criteria include wage, rent, fast food, transport and cinema.

Top Ten Affordable cities to live.

(1) Paris

(2) Toronto

(3) Los Angeles

(4) Chicago

(5) Berlin

(6) Dallas

(7) Rome

(8) New York

(9) Tokyo

(10) London.