Cost Of Living By Country 2019

The cost of living is the amount of money needed to sustain a certain standard of living by affording basic expenses. Basic expenses include housing, food, taxes, and healthcare.

Cities or metropolitan areas that have higher costs of living should also have higher salary wages than areas with a lower cost of living.

A cost of living index measures the differences in the price of goods and services over periods of time or between cities, regions, and countries. The rent index is an estimation of prices of renting apartments in a location compared to another. The restaurants index is a comparison of prices of meals and drinks in restaurants and bars in a location compared to another. Local purchasing power shows the relative purchasing power in buying goods and services in a given location for the average wage in that location.

The data presented here is indexed relative to New York City. This means that New York has an index in each category of 100. Numbers below 100 are less expensive than New York City’s costs, and numbers above 100 are more expensive than New York City.

For reference, the average rent in New York City is around $3,000. Most expenses in New York City, including food and restaurants, are higher than in other parts of the United States as well.

There are four countries with a cost of living index higher than 100: the Cayman Islands, Bermuda, Switzerland, and Norway. All other countries have a cost of living index lower than New York City.

The Cayman Islands have the highest cost of living index of 141.64. This means that the cost of living is estimated to be 41% higher than it is in New York City. The rent index for the Cayman Islands is 74.4; meaning that the rent is 25.6% lower than it is in NYC. No other country has a rent index above 100; however, meaning that no other country has an average rent cost higher than in NYC. Some foreign cities, however, do.

Pakistan has the lowest cost of living index of 18.58. This means that the cost of living in Pakistan is estimated to be 81.42% lower than the cost of living in New York City. Additionally, the rent index is 4.02 meaning that rent is 95.98% less expensive.

Below is a table of each country’s cost of living index, rent index, restaurant index, and local purchasing power index compared to New York City.

Country Cost of Living Index Rent Index Restaurants Index Local Purchasing Power Index Population 2019
Pakistan18.584.0213.7836.1216,565,318
Afghanistan24.514.2917.1228.8738,041,754
India25.145.9917.5161.731,366,417,754
Syria25.315.4420.7712.3717,070,135
Tunisia25.435.1814.0537.6311,694,719
Uzbekistan25.797.8219.3425.832,981,716
Venezuela27.226.8522.312.7928,515,829
Georgia27.789.325.9730.233,996,765
Kyrgyzstan28.138.9622.325.286,415,850
Egypt29.095.2824.2423.27100,388,073
Azerbaijan29.819.1731.428.4810,047,718
Kazakhstan30.069.5129.8838.6518,551,427
Colombia30.259.4322.3334.5550,339,443
Algeria30.545.5116.4631.9743,053,054
Nepal30.694.9620.2724.1528,608,710
Ukraine30.9410.3323.9833.1443,993,638
Uganda31.7210.0224.222.4944,269,594
Nigeria31.7521.5920.6615.91200,963,599
Bangladesh32.625.1819.837.21163,046,161
Moldova32.637.927.2229.484,043,263
Armenia32.710.5631.0430.442,957,731
Sri Lanka32.956.8319.2725.5921,323,733
Belarus33.0210.3234.2742.929,452,411
Paraguay33.329.8127.535.237,044,636
Rwanda34.019.7328.4721.1312,626,950
Bolivia34.0710.6226.6444.7411,513,100
Mexico34.2910.8530.9747.05127,575,529
Mongolia34.439.6823.3129.833,225,167
Morocco34.599.2923.9439.436,471,769
Tanzania35.0714.7424.420.6458,005,463
Zambia35.4910.9925.5769.417,861,030
Turkey35.667.2725.1544.4483,429,615
Romania36.0710.1931.6854.219,364,557
Bosnia And Herzegovina36.196.5924.7846.523,301,000
Serbia36.38.7529.8737.948,772,235
Albania36.638.6328.6732.192,880,917
Indonesia36.869.0118.1831.01270,625,568
Philippines36.978.6620.8627.21108,116,615
Bulgaria37.379.4529.71517,000,119
Vietnam38.1713.3419.9830.2296,462,106
Russia38.591239.3243.69145,872,256
Argentina38.7210.3836.4352.0144,780,677
Peru38.8212.4126.3237.4232,510,453
Kenya39.2611.232.3529.3452,573,973
Montenegro39.3710.334.1742.19627,987
Botswana39.3711.4342.5667.572,303,697
Poland39.3815.2932.8966.0637,887,768
Malaysia39.4610.6522.9770.3531,949,777
Suriname39.588.1933.3624.76581,372
Iraq39.8411.1133.9246.4139,309,783
China40.5417.1929.6863.931,433,783,686
Iran41.3914.2925.5425.9582,913,906
Hungary41.713.8434.253.789,684,679
Cuba41.736.3129.712.6711,333,483
Ecuador41.9911.8331.4940.8417,373,662
Honduras42.3410.9731.6435.529,746,117
Brazil42.6410.9234.2236.31211,049,527
Guatemala43.0414.7733.741.4717,581,472
Ghana43.1126.6127.820.6930,417,856
South Africa43.7417.2441.7581.358,558,270
Namibia44.116.8741.1860.162,494,530
Brunei44.3323.2935.0894.26433,285
Mozambique44.6519.9438.3825.4930,366,036
Slovakia44.6515.8633.9461.835,457,013
Lithuania45.4112.843.7760.442,759,627
Czech Republic45.719.3733.7871.1910,689,209
Nicaragua45.878.9131.5624.436,545,502
Dominican Republic46.1710.5942.2125.1810,738,958
El Salvador47.6915.6136.2928.566,453,553
Cambodia47.8215.1325.4311.7916,486,542
Myanmar48.0622.9622.1912.6854,045,420
Oman48.5519.447.0683.094,974,986
Saudi Arabia48.7111.5534.17110.9334,268,528
Belize49.0610.6239.4771.16390,353
Chile49.1515.5446.8451.4318,952,038
Latvia49.5512.0447.7356.551,906,743
Fiji49.6719.7936.7133.13889,953
Thailand49.8617.1324.8339.8769,625,582
Croatia50.0512.7142.0757.234,130,304
Kuwait50.3332.9848.0598.334,207,083
Portugal50.7721.7643.8553.6110,226,187
Estonia50.9915.6353.0676.751,325,648
Mauritius51.611.340.2736.761,269,668
Panama52.9824.4247.4138.964,246,439
Slovenia54.1715.8145.5968.242,078,654
Trinidad And Tobago54.1716.548.952.831,394,973
Zimbabwe54.7211.5139.5728.6614,645,468
Spain54.7421.5353.7479.8146,736,776
Uruguay54.9115.4653.6439.823,461,734
Costa Rica55.0916.2345.746.025,047,561
Jordan55.3611.8849.737.3410,101,694
Ethiopia55.5226.3120.289.46112,078,730
Jamaica56.4414.7639.8835.392,948,279
Greece56.7211.4755.4248.4610,473,455
Bahrain58.3631.2252.5363.841,641,172
Cyprus58.3920.7263.1467.281,198,575
Taiwan58.7715.4526.9574.1623,773,876
Lebanon59.7426.258.1350.76,855,713
Libya61.2515.1538.1155.976,777,452
Qatar62.2251.1863.93119.332,832,067
United Arab Emirates63.5845.0462.17100.539,770,529
United Kingdom65.3328.6972.54100.4667,530,172
Malta65.4330.1473.5355.34440,372
Germany66.5727.0263.38111.9983,517,045
Puerto Rico66.8118.4654.6493.032,933,408
Canada68.1630.2863.25105.0137,411,047
Italy69.0221.674.7273.4360,550,075
Sweden70.1125.6572.14112.7510,036,379
United States70.9540.570.76119.1329,064,917
Austria72.1527.8471.8189.888,955,102
Finland72.1826.3179.39108.785,532,156
Seychelles72.7532.7987.3721.5297,739
New Zealand73.0131.4469.9397.594,783,063
Belgium73.1326.0582.5393.1711,539,328
Australia73.3935.3572.23118.0925,203,198
France74.6226.175.0987.765,129,728
South Korea75.1620.8743.2799.1351,225,308
Netherlands75.2235.2982.998.0417,097,130
Ireland76.3343.9484.0890.84,882,495
Hong Kong79.2179.7255.6266.797,436,154
Israel79.5431.4988.7585.968,519,377
Singapore80.2361.9955.4188.845,804,337
Barbados80.322072.6156.97287,025
Denmark83.8833.73100.63110.695,771,876
Luxembourg84.6855.4492.91107.89615,729
Japan85.5228.0850.0597.57126,860,301
Bahamas85.9635.487.256.21389,482
Iceland97.2245.08111.4692.03339,031
Norway104.4937.26115.59985,378,857
Switzerland122.6750.22124.04127.768,591,365
Bermuda138.2287.62150.479.8762,506
Cayman Islands141.6474.4105.03137.8864,948