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Cost of living infographic: Thinking of moving abroad? Here is a list of the cheapest and most expensive countries | Cost of living infographic: Thinking of moving abroad? Here is a list of the cheapest and most expensive countries |
(about 16 hours later) | |
The below infographic shows the cheapest and most expensive places to live in out of 119 countries in comparison with prices found in New York. | |
The top five cheapest countries, based on data from the Consumer Price Index, include Asian and north African nations India, Nepal, Pakistan, Tunisia and Algeria. | The top five cheapest countries, based on data from the Consumer Price Index, include Asian and north African nations India, Nepal, Pakistan, Tunisia and Algeria. |
The five countries most likely to drain your bank account when paying for essential items and services are listed as Switzerland, Norway, Venezuela, Iceland and Denmark. | The five countries most likely to drain your bank account when paying for essential items and services are listed as Switzerland, Norway, Venezuela, Iceland and Denmark. |
The UK ranked tenth in the analysis which took into account the cost of food at supermarkets, transport, restaurants, utilities. | The UK ranked tenth in the analysis which took into account the cost of food at supermarkets, transport, restaurants, utilities. |
Other essentials such as housing, clothing and education were not included in the graphic originally posted on expat website MoveHub. | Other essentials such as housing, clothing and education were not included in the graphic originally posted on expat website MoveHub. |
The costs of groceries were made up of prices for meat, bread, eggs, rice, fruit, vegetables and alcohol. Transport costs include one-way tickets, monthly passes, taxi fares, the price of petrol and also the cost of a car, namely a Volkswagen Golf. | The costs of groceries were made up of prices for meat, bread, eggs, rice, fruit, vegetables and alcohol. Transport costs include one-way tickets, monthly passes, taxi fares, the price of petrol and also the cost of a car, namely a Volkswagen Golf. |
Utility costs were determined by rates for electricity, heating, water and internet among data collected by global price database Numbeo. | Utility costs were determined by rates for electricity, heating, water and internet among data collected by global price database Numbeo. |
If a country has a CPI of 70, it is 30% cheaper to live in on average compared to New York. On the other hand, if it has a CPI of 120 then it is ranked 20% more expensive. | If a country has a CPI of 70, it is 30% cheaper to live in on average compared to New York. On the other hand, if it has a CPI of 120 then it is ranked 20% more expensive. |
Those on a budget who are considering moving to mainland Europe should look towards the eastern countries such as Moldova, Macedonia, Georgia, Poland, Czech Republic and Bulgaria. | Those on a budget who are considering moving to mainland Europe should look towards the eastern countries such as Moldova, Macedonia, Georgia, Poland, Czech Republic and Bulgaria. |
Egypt, Morocco, Colombia and the Philippines are also ranked as some of the cheapest nations. | Egypt, Morocco, Colombia and the Philippines are also ranked as some of the cheapest nations. |
Large swathes of central and western Africa were left out of the graph due to the lack of data. Ranking including rent can be found on the Numbeo data site. | Large swathes of central and western Africa were left out of the graph due to the lack of data. Ranking including rent can be found on the Numbeo data site. |
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