Wednesday, January 28, 2015

Cost of living world infographic

Sometimes it is not great to be top of the list. Decide for yourself. In Switzerland the high cost of living comes with the exceptional quality of life. This is a very personal judgement and often difficult to measure.

Expats think about cost of living all the time, especially when they’re looking to move from one location to another. The perspective is, therefore, generally focused on that country.

The Consumer Price Index, used to determine the difference in the living costs between countries takes into account the prices of groceries, transportation, restaurants and utilities, each containing a number of variables. The cost of groceries, for instance, is made up of the price for meat, bread, rice, eggs, fruits, vegetables and alcohol. The transportation cost includes one-way tickets, monthly passes, taxi fares, petrol prices as well as the prices of a Volkswagen Golf. The restaurant costs comprise of prices for meals in expensive, mid-range and inexpensive restaurants, as well as the prices for coffee products, alcohol and water in restaurants. The utilities costs are determined by the prices for electricity, heating, water and Internet, among the few.

Here is some awesome data that forces you to take a look at the entire world. I am not quite sure how Venezuela got third place. Someone enlighten me?

An interesting map from MoveHub reveals living costs around the world.

Global Living Costs Map

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