The only Australian city to make the list was Sydney, which fell close to the middle on $280.30.
Auckland Mayor Len Brown said the news was "fantastic" in the lead-up to the Rugby World Cup.
He said he was surprised Auckland was cheaper than cities such as Marrakesh in Morocco.
Former head of Tourism Auckland Graeme Osborne said the result was a mixed blessing.
"It's marvellous and helpful to be communicating our affordablility, but it's also an indication that we're coming through a really hard time."
Auckland could afford to increase its prices further because of its growing popularity as a destination, he said.
Mr Osborne said tourist demand had been down recently, so prices had fallen to reflect that.
"We're hoping that with this news going to the world, that it will remind people about how great a value-for-money destination we are.
"So it's an extremely positive message to be communicating to our key markets, but it's a reminder that our marketplace is a little bit suppressed."
TOP 10
1. Bangkok
2. Beijing
3. Sharm el Sheikh
4. Kuala Lumpur
5. Sofia
6. Budapest
7. Auckland
8. Marrakesh
9. Warsaw
10. Dubai