IP COST OF LIVING INDEX

The IP Cost of Living Index assesses more than 180 cities worldwide according to their respective living costs. It considers various factors, including the prices of various products and services, food, housing, automobiles, medical care, medical insurance, and college tuition. The index does not consider some costs, such as those associated with overseas travel or the price of furnishings. Nonetheless, there is a required minimum expenditure for clothing included in this. In each nation, one’s eligibility for certain costs, such as health insurance and university tuition, is determined by their immigrant status. Some nations provide their citizens with government-funded healthcare and education, whereas others do not.
The standard three-person family with middle-class income is used to calculate each city’s cost of living index. It is an estimate of the bare minimum a rich family should have to maintain a high standard of living in each of these cities.
It is essential to consider the cost of living from the city’s perspective instead of the country’s. Living in rural regions is significantly less expensive in many parts of the world than in urban areas. Compared to the national average, housing costs in some countries, such as the United States, are surprisingly low. The discrepancy, however, is staggering compared to the costs per square foot found in good neighborhoods in popular American cities.
In certain places, the cost of particular things, like housing or alcohol, is significantly higher than in other cities. For instance, Singapore imposes a significant tax on motor cars, while the real estate market in Monaco is among the most expensive in the world.

IP COST OF LIVING INDEX

Rank COUNTRY CITY Index Health Care Cost of living Rent - Apartment (3 bedrooms) in City Centre University Fees U. Fee Type Annual Costs of Living Annual Cost with Uni.
1 Pakistan Lahore 0.91 $ 3,500 $ 15,600 $ 290 $ 50 Local $ 22,580 $ 22,630
2 Pakistan Karachi 0.90 $ 3,500 $ 16,800 $ 300 $ 50 Local $ 23,900 $ 23,950
3 India Kolkata 0.90 Public $ 19,200 $ 450 $ 50 Local $ 24,600 $ 24,650
4 Algeria Algiers 0.90 Public $ 20,400 $ 450 $ 50 Local $ 25,800 $ 25,850
5 India Hyderabad 0.89 Public $ 19,200 $ 490 $ 2,000 Local $ 25,080 $ 27,080
6 Tunisia Tunis 0.88 Public $ 24,000 $ 420 $ 50 Local $ 29,040 $ 29,090
7 Colombia Cali 0.88 Public $ 24,000 $ 450 $ 50 Local $ 29,400 $ 29,450
8 China Wuxi 0.87 Public $ 22,800 $ 550 $ 2,000 Local $ 29,400 $ 31,400
9 Brazil Belo Horizonte 0.87 Public $ 24,000 $ 470 $ 2,000 Local $ 29,640 $ 31,640
10 Colombia Medellin 0.87 Public $ 26,400 $ 490 $ 50 Local $ 32,280 $ 32,330
11 Kazakhstan Astana 0.87 Public $ 25,200 $ 600 $ 1,000 Local $ 32,400 $ 33,400
12 Brazil Rio de Janeiro 0.87 Public $ 25,200 $ 680 $ 50 Local $ 33,360 $ 33,410
13 Venezuela Caracas 0.87 $ 3,500 $ 22,800 $ 610 $ 50 Local $ 33,620 $ 33,670
14 Uzbekistan Tashkent 0.86 $ 3,500 $ 22,800 $ 580 $ 2,000 Local $ 33,260 $ 35,260
15 Moldova Chisinau 0.86 Public $ 27,600 $ 540 $ 1,200 Local $ 34,080 $ 35,280
16 China Chengdu 0.86 Public $ 25,200 $ 700 $ 2,000 Local $ 33,600 $ 35,600
17 China Ningbo 0.85 Public $ 26,400 $ 660 $ 2,000 Local $ 34,320 $ 36,320
18 Argentina Buenos Aires 0.85 Public $ 28,800 $ 550 $ 1,000 Local $ 35,400 $ 36,400
19 Mongolia Ulaanbaatar 0.85 $ 3,500 $ 22,800 $ 630 $ 2,600 Local $ 33,860 $ 36,460
20 Brazil Brasilia 0.85 Public $ 25,200 $ 780 $ 2,000 Local $ 34,560 $ 36,560
21 China Changsha 0.85 Public $ 26,400 $ 700 $ 2,000 Local $ 34,800 $ 36,800
22 China Chongqing 0.85 Public $ 28,800 $ 530 $ 2,000 Local $ 35,160 $ 37,160
23 India New Delhi 0.85 $ 3,500 $ 22,800 $ 590 $ 4,000 Local $ 33,380 $ 37,380
24 Georgia Tbilisi 0.85 $ 3,500 $ 22,800 $ 710 $ 2,700 Local $ 34,820 $ 37,520
25 China Shenyang 0.85 Public $ 28,800 $ 570 $ 2,000 Local $ 35,640 $ 37,640
26 Kazakhstan Almaty 0.85 Public $ 24,000 $ 650 $ 6,000 Local $ 31,800 $ 37,800
27 Bolivia La Paz 0.85 $ 3,500 $ 25,200 $ 640 $ 2,000 Local $ 36,380 $ 38,380
28 Morocco Dakhla 0.85 $ 3,500 $ 25,128 $ 650 $ 2,000 Foreign $ 36,428 $ 38,428
29 Sri Lanka Colombo 0.84 Public $ 25,200 $ 1,140 $ 50 Local $ 38,880 $ 38,930
30 Albania Durres 0.84 $ 3,500 $ 27,600 $ 490 $ 2,000 Local $ 36,980 $ 38,980
31 Honduras San Pedro Sula 0.84 $ 3,500 $ 26,400 $ 570 $ 2,400 Local $ 36,740 $ 39,140
32 Azerbaijan Baku 0.84 $ 3,500 $ 26,400 $ 700 $ 900 Local $ 38,300 $ 39,200
33 China Wuhan 0.84 Public $ 28,800 $ 710 $ 2,000 Local $ 37,320 $ 39,320
34 Vietnam Hanoi 0.84 $ 3,500 $ 26,400 $ 770 $ 200 Local $ 39,140 $ 39,340
35 Brazil Sao Paulo 0.84 Public $ 28,800 $ 890 $ 100 Local $ 39,480 $ 39,580
36 China Qingdao 0.84 Public $ 26,400 $ 980 $ 2,000 Local $ 38,160 $ 40,160
37 Macedonia Skopje 0.84 Public $ 27,600 $ 530 $ 7,000 Foreign $ 33,960 $ 40,960
38 Paraguay Asuncion 0.84 $ 3,500 $ 26,400 $ 590 $ 4,000 Local $ 36,980 $ 40,980
39 China Foshan 0.83 $ 3,500 $ 27,600 $ 730 $ 2,000 Local $ 39,860 $ 41,860
40 Iraq Baghdad 0.83 $ 3,500 $ 28,800 $ 810 $ 50 Local $ 42,020 $ 42,070
41 Bangladesh Dhaka 0.83 $ 3,500 $ 22,800 $ 420 $ 11,500 Local $ 31,340 $ 42,840
42 China Tianjin 0.83 Public $ 30,000 $ 1,070 $ 50 Local $ 42,840 $ 42,890
43 Egypt Cairo 0.83 Public $ 28,800 $ 350 $ 10,000 Local $ 33,000 $ 43,000
44 Belarus Minsk 0.83 $ 3,500 $ 27,600 $ 680 $ 4,000 Foreign $ 39,260 $ 43,260
45 Nicaragua Managua 0.83 $ 3,500 $ 33,000 $ 500 $ 1,000 Local $ 42,500 $ 43,500
46 Malaysia Kuala Lumpur 0.83 $ 3,500 $ 27,600 $ 870 $ 2,000 Local $ 41,540 $ 43,540
47 Syria Damascus 0.83 $ 3,500 $ 28,800 $ 690 $ 3,000 Local $ 40,580 $ 43,580
48 India Bangalore 0.83 Public $ 20,400 $ 600 $ 16,000 Local $ 27,600 $ 43,600
49 Peru Lima 0.83 Public $ 28,800 $ 910 $ 4,000 Local $ 39,720 $ 43,720
50 India Mumbai 0.82 Public $ 22,800 $ 1,640 $ 2,000 Local $ 42,480 $ 44,480
51 China Guangzhou 0.82 Public $ 27,600 $ 1,260 $ 2,000 Local $ 42,720 $ 44,720
52 Tanzania Dar es Salaam 0.82 $ 3,500 $ 25,200 $ 1,170 $ 2,000 Local $ 42,740 $ 44,740
53 Honduras Tegucigalpa 0.82 $ 3,500 $ 29,400 $ 830 $ 2,100 Local $ 42,860 $ 44,960
54 El Salvador San Salvador 0.82 $ 3,500 $ 32,400 $ 760 $ 200 Local $ 45,020 $ 45,220
55 Saudi Arabia Jeddah 0.82 Public $ 37,200 $ 600 $ 1,000 Local $ 44,400 $ 45,400
56 Ukraine Kiev 0.82 $ 3,500 $ 27,600 $ 1,060 $ 2,000 Local $ 43,820 $ 45,820
57 Taiwan Taichung 0.82 Public $ 35,000 $ 890 $ 200 Local $ 45,680 $ 45,880
58 Montenegro Budva 0.82 Public $ 35,280 $ 820 $ 1,000 Local $ 45,120 $ 46,120
59 China Hangzhou 0.81 $ 3,500 $ 26,400 $ 1,210 $ 2,000 Local $ 44,420 $ 46,420
60 Bulgaria Sofia 0.81 Public $ 36,000 $ 820 $ 1,000 Local $ 45,840 $ 46,840
61 Russia Saint Petersburg 0.81 Public $ 30,000 $ 990 $ 5,000 Local $ 41,880 $ 46,880
62 Turkey Istanbul 0.81 Public $ 25,200 $ 560 $ 15,000 Local $ 31,920 $ 46,920
63 Vietnam Ho Chi Minh City 0.81 $ 3,500 $ 28,800 $ 1,220 $ 200 Local $ 46,940 $ 47,140
64 China Suzhou 0.81 Public $ 33,600 $ 990 $ 2,000 Local $ 45,480 $ 47,480
65 Serbia Belgrade 0.81 Public $ 36,000 $ 800 $ 2,000 Local $ 45,600 $ 47,600
66 Taiwan Kaohsiung 0.81 Public $ 37,200 $ 810 $ 1,500 Local $ 46,920 $ 48,420
67 Thailand Phuket 0.81 Public $ 33,600 $ 1,120 $ 1,500 Local $ 47,040 $ 48,540
68 St Vincent and The Grenadines Kingstown 0.80 Public $ 34,320 $ 800 $ 5,000 Local $ 43,920 $ 48,920
69 Ecuador Quito 0.80 $ 3,500 $ 34,800 $ 820 $ 1,000 Local $ 48,140 $ 49,140
70 Uruguay Montevideo 0.80 Public $ 39,600 $ 760 $ 500 Local $ 48,720 $ 49,220
71 Cambodia Phnom Penh 0.80 $ 3,500 $ 31,200 $ 1,220 $ 50 Local $ 49,340 $ 49,390
72 Laos Vientiane 0.80 $ 3,500 $ 28,800 $ 1,430 $ 50 Local $ 49,460 $ 49,510
73 Saudi Arabia Riyadh 0.80 Public $ 39,600 $ 820 $ 1,000 Local $ 49,440 $ 50,440
74 Morocco Casablanca 0.80 $ 3,500 $ 31,200 $ 920 $ 5,300 Local $ 45,740 $ 51,040
75 Oman Muscat 0.79 Public $ 36,000 $ 1,120 $ 2,000 Local $ 49,440 $ 51,440
76 Romania Bucharest 0.79 Public $ 38,400 $ 910 $ 3,000 Foreign $ 49,320 $ 52,320
77 Indonesia Jakarta 0.79 $ 3,500 $ 28,800 $ 1,340 $ 4,000 Local $ 48,380 $ 52,380
78 China Nanjing 0.79 Public $ 28,800 $ 1,170 $ 10,000 Local $ 42,840 $ 52,840
79 Costa Rica San Jose 0.79 Public $ 42,000 $ 900 $ 600 Foreign $ 52,800 $ 53,400
80 Mexico Mexico City 0.79 $ 3,500 $ 34,800 $ 1,230 $ 500 Local $ 53,060 $ 53,560
81 Colombia Bogota 0.79 Public $ 27,600 $ 840 $ 16,000 Local $ 37,680 $ 53,680
82 Mauritius Port Louis 0.78 Public $ 39,840 $ 860 $ 4,400 Foreign $ 50,160 $ 54,560
83 Guatemala Guatemala City 0.78 $ 3,500 $ 33,600 $ 900 $ 7,200 Local $ 47,900 $ 55,100
84 Fiji Suva 0.78 Public $ 36,000 $ 1,310 $ 3,600 Local $ 51,720 $ 55,320
85 South Africa Johannesburg 0.78 Public $ 40,800 $ 930 $ 3,500 Local $ 51,960 $ 55,460
86 Hungary Budapest 0.78 Public $ 39,600 $ 1,010 $ 4,000 Foreign $ 51,720 $ 55,720
87 Chile Santiago 0.77 Public $ 42,000 $ 860 $ 4,000 Foreign $ 52,320 $ 56,320
88 Greece Corfu 0.77 $ 3,500 $ 41,040 $ 940 $ 1,000 Local $ 55,820 $ 56,820
89 Jordan Amman 0.77 Public $ 44,400 $ 630 $ 5,500 Local $ 51,960 $ 57,460
90 Saint Lucia Castries 0.76 Public $ 41,340 $ 1,290 $ 2,260 Local $ 56,820 $ 59,080
91 Dominican republic Santo Domingo 0.76 $ 3,500 $ 37,320 $ 730 $ 10,000 Local $ 49,580 $ 59,580
92 Russia Moscow 0.76 Public $ 37,200 $ 1,830 $ 1,000 Local $ 59,160 $ 60,160
93 South Africa Cape Town 0.76 Public $ 38,400 $ 1,510 $ 4,000 Local $ 56,520 $ 60,520
94 China Shenzhen 0.76 $ 3,500 $ 34,800 $ 1,710 $ 2,000 Local $ 58,820 $ 60,820
95 Lithuania Vilnius 0.76 Public $ 45,600 $ 1,020 $ 3,000 Foreign $ 57,840 $ 60,840
96 Ethiopia Addis Ababa 0.75 $ 3,500 $ 40,800 $ 1,410 $ 200 Local $ 61,220 $ 61,420
97 Taiwan Taipei 0.75 Public $ 40,800 $ 1,580 $ 2,000 Local $ 59,760 $ 61,760
98 Kenya Nairobi 0.75 $ 3,500 $ 31,200 $ 880 $ 17,000 Local $ 45,260 $ 62,260
99 Thailand Bangkok 0.75 Public $ 37,200 $ 1,940 $ 2,000 Local $ 60,480 $ 62,480
100 India Chennai 0.75 Public $ 19,200 $ 3,460 $ 2,000 Local $ 60,720 $ 62,720
101 Croatia Split 0.75 Public $ 49,200 $ 1,030 $ 1,200 Foreign $ 61,560 $ 62,760
102 Poland Warsaw 0.74 Public $ 42,000 $ 1,510 $ 4,000 Foreign $ 60,120 $ 64,120
103 Greece Athens 0.74 $ 3,500 $ 50,400 $ 870 $ 50 Local $ 64,340 $ 64,390
104 Panama Panama City 0.74 Public $ 46,800 $ 1,560 $ 100 Local $ 65,520 $ 65,620
105 Iran Tehran 0.74 $ 3,500 $ 34,800 $ 1,620 $ 8,000 Local $ 57,740 $ 65,740
106 Andorra Andorra la Vella 0.73 $ 3,500 $ 43,200 $ 1,480 $ 2,000 Local $ 64,460 $ 66,460
107 Antigua and Barbuda Saint John's 0.73 Public $ 34,800 $ 1,150 $ 18,000 Local $ 48,600 $ 66,600
108 Slovakia Bratislava 0.73 $ 3,500 $ 46,800 $ 1,280 $ 1,000 Local $ 65,660 $ 66,660
109 Czech Republic Prague 0.73 Public $ 42,000 $ 1,580 $ 6,000 Foreign $ 60,960 $ 66,960
110 China Beijing 0.73 Public $ 33,600 $ 2,400 $ 6,000 Local $ 62,400 $ 68,400
111 Nigeria Lagos 0.72 $ 3,500 $ 33,600 $ 2,630 $ 250 Local $ 68,660 $ 68,910
112 Latvia Riga 0.72 $ 3,500 $ 49,200 $ 950 $ 5,000 Foreign $ 64,100 $ 69,100
113 Slovenia Ljubljana 0.72 $ 3,500 $ 50,400 $ 1,330 $ 70 Foreign $ 69,860 $ 69,930
114 Cyprus Nicosia 0.71 Public $ 55,200 $ 1,090 $ 3,660 Local $ 68,280 $ 71,940
115 Philippines Manila 0.71 Public $ 30,000 $ 2,270 $ 16,000 Local $ 57,240 $ 73,240
116 Dominica Roseau 0.70 Public $ 55,320 $ 740 $ 10,000 Local $ 64,200 $ 74,200
117 Estonia Tallinn 0.70 $ 3,500 $ 55,200 $ 1,090 $ 3,000 Foreign $ 71,780 $ 74,780
118 China Shanghai 0.70 Public $ 38,400 $ 2,870 $ 2,000 Local $ 72,840 $ 74,840
119 Bahrain Manama 0.70 Public $ 40,800 $ 1,710 $ 13,800 Local $ 61,320 $ 75,120
120 Portugal Lisbon 0.70 $ 3,500 $ 46,800 $ 1,940 $ 2,000 Foreign $ 73,580 $ 75,580
121 Canada Montreal 0.69 Public $ 51,600 $ 1,770 $ 3,500 Local $ 72,840 $ 76,340
122 Seychelles Victoria 0.69 Public $ 46,560 $ 2,150 $ 6,000 Local $ 72,360 $ 78,360
123 UAE Abu Dhabi 0.68 $ 3,500 $ 45,600 $ 2,580 $ 1,000 Foreign $ 80,060 $ 81,060
124 Cyprus Limassol 0.67 Public $ 57,600 $ 1,690 $ 3,500 Local $ 77,880 $ 81,380
125 Qatar Doha 0.66 Public $ 50,400 $ 2,820 $ 2,000 Local $ 84,240 $ 86,240
126 Turks and Caicos Islands Cockburn Town 0.65 $ 3,500 $ 63,900 $ 1,500 $ 1,500 Foreign $ 85,400 $ 86,900
127 South Korea Seoul 0.65 Public $ 54,000 $ 2,270 $ 6,000 Local $ 81,240 $ 87,240
128 Austria Vienna 0.64 $ 3,500 $ 60,000 $ 1,990 $ 2,000 Foreign $ 87,380 $ 89,380
129 Vanuatu Port Vila 0.64 $ 3,500 $ 56,160 $ 2,290 $ 3,600 Local $ 87,140 $ 90,740
130 Kuwait Kuwait City 0.63 Public $ 38,400 $ 1,920 $ 30,000 Local $ 61,440 $ 91,440
131 Germany Berlin 0.63 $ 3,500 $ 62,400 $ 2,110 $ 600 Foreign $ 91,220 $ 91,820
132 Saint Kitts and Nevis Basseterre 0.63 Public $ 62,040 $ 2,100 $ 5,000 Local $ 87,240 $ 92,240
133 France Nice 0.63 Public $ 64,800 $ 2,260 $ 500 Foreign $ 91,920 $ 92,420
134 Trinidad and Tobago Port of Spain 0.63 Public $ 70,800 $ 1,240 $ 7,150 Local $ 85,680 $ 92,830
135 Barbados Bridgetown 0.63 $ 3,500 $ 66,000 $ 840 $ 14,000 Foreign $ 79,580 $ 93,580
136 Spain Barcelona 0.63 $ 3,500 $ 57,600 $ 1,880 $ 10,000 Foreign $ 83,660 $ 93,660
137 Belgium Brussels 0.62 $ 3,500 $ 67,200 $ 1,860 $ 2,000 Foreign $ 93,020 $ 95,020
138 Spain Madrid 0.62 $ 3,500 $ 57,600 $ 2,050 $ 10,000 Foreign $ 85,700 $ 95,700
139 Canada Vancouver 0.61 Public $ 57,600 $ 2,900 $ 4,000 Local $ 92,400 $ 96,400
140 Italy Rome 0.60 Public $ 66,000 $ 2,400 $ 4,000 Foreign $ 94,800 $ 98,800
141 Canada Toronto 0.60 Public $ 61,200 $ 2,710 $ 6,000 Local $ 93,720 $ 99,720
142 Germany Frankfurt 0.60 $ 3,500 $ 67,200 $ 2,470 $ 500 Foreign $ 100,340 $ 100,840
143 Japan Tokyo 0.59 Public $ 58,800 $ 3,110 $ 6,000 Foreign $ 96,120 $ 102,120
144 Turks and Caicos Islands Providenciales 0.59 $ 3,500 $ 67,200 $ 2,500 $ 1,500 Foreign $ 100,700 $ 102,200
145 Gibraltar Gibraltar 0.58 $ 3,500 $ 54,840 $ 3,480 $ 4,500 Foreign $ 100,100 $ 104,600
146 Bahamas Nassau 0.58 Public $ 73,200 $ 2,590 $ 1,400 Foreign $ 104,280 $ 105,680
147 Isle of Man Douglas 0.58 Public $ 70,800 $ 1,450 $ 18,000 Foreign $ 88,200 $ 106,200
148 Malta Valletta 0.57 $ 3,500 $ 69,600 $ 2,730 $ 1,000 Local $ 105,860 $ 106,860
149 Lebanon Beirut 0.57 $ 3,500 $ 62,400 $ 1,830 $ 20,000 Local $ 87,860 $ 107,860
150 Macau Macau 0.57 Public $ 75,600 $ 2,090 $ 8,000 Foreign $ 100,680 $ 108,680
151 Germany Munich 0.56 $ 3,500 $ 70,800 $ 2,810 $ 1,150 Foreign $ 108,020 $ 109,170
152 Finland Helsinki 0.56 Public $ 81,600 $ 2,330 $ 100 Foreign $ 109,560 $ 109,660
153 Italy Venice 0.55 $ 3,500 $ 76,680 $ 2,520 $ 1,600 Foreign $ 110,420 $ 112,020
154 Liechtenstein Vaduz 0.55 $ 3,500 $ 73,200 $ 2,880 $ 1,000 Foreign $ 111,260 $ 112,260
155 Grenada Saint George's 0.55 Public $ 62,280 $ 930 $ 40,000 Local $ 73,440 $ 113,440
156 Italy Milan 0.54 Public $ 73,200 $ 3,150 $ 4,000 Foreign $ 111,000 $ 115,000
157 France Paris 0.53 Public $ 75,600 $ 3,360 $ 2,000 Foreign $ 115,920 $ 117,920
158 British Virgin Islands Road town 0.52 Public $ 82,500 $ 2,650 $ 5,200 Foreign $ 114,300 $ 119,500
159 Jersey Saint Helier 0.52 Public $ 74,760 $ 3,010 $ 9,000 Foreign $ 110,880 $ 119,880
160 Australia Melbourne 0.51 Public $ 61,200 $ 2,530 $ 30,000 Foreign $ 91,560 $ 121,560
161 Singapore Singapore 0.51 Public $ 66,000 $ 3,990 $ 8,000 Local $ 113,880 $ 121,880
162 Norway Oslo 0.51 Public $ 93,600 $ 2,360 $ 50 Foreign $ 121,920 $ 121,970
163 New Zealand Auckland 0.51 Public $ 69,600 $ 2,400 $ 24,000 Foreign $ 98,400 $ 122,400
164 Australia Brisbane 0.51 Public $ 68,400 $ 2,170 $ 28,000 Foreign $ 94,440 $ 122,440
165 UAE Dubai 0.51 $ 3,500 $ 60,000 $ 3,120 $ 22,000 Foreign $ 100,940 $ 122,940
166 Anguilla The Valley 0.49 $ 3,500 $ 71,000 $ 1,600 $ 33,750 Foreign $ 93,700 $ 127,450
167 Denmark Copenhagen 0.49 Public $ 93,600 $ 1,510 $ 16,000 Foreign $ 111,720 $ 127,720
168 Netherlands Amsterdam 0.47 Public $ 82,800 $ 3,280 $ 10,000 Foreign $ 122,160 $ 132,160
169 Iceland Reykjavik 0.46 $ 3,500 $ 99,600 $ 2,500 $ 700 Foreign $ 133,100 $ 133,800
170 Ireland Dublin 0.46 $ 3,500 $ 60,000 $ 3,780 $ 26,000 Foreign $ 108,860 $ 134,860
171 Sweden Stockholm 0.46 $ 3,500 $ 82,800 $ 2,390 $ 20,000 Foreign $ 114,980 $ 134,980
172 Hong Kong Hong Kong 0.45 $ 3,500 $ 63,600 $ 4,480 $ 16,000 Foreign $ 120,860 $ 136,860
173 UK London 0.42 Public $ 80,400 $ 4,280 $ 14,000 Foreign $ 131,760 $ 145,760
174 Australia Sydney 0.41 Public $ 68,400 $ 3,830 $ 32,000 Foreign $ 114,360 $ 146,360
175 Switzerland Geneva 0.40 $ 3,500 $ 105,600 $ 3,180 $ 2,000 Foreign $ 147,260 $ 149,260
176 Luxembourg Luxembourg City 0.40 $ 3,500 $ 103,200 $ 3,550 $ 500 Foreign $ 149,300 $ 149,800
177 Switzerland Lausanne 0.39 $ 3,500 $ 109,200 $ 3,300 $ 1,200 Foreign $ 152,300 $ 153,500
178 Switzerland Zurich 0.35 $ 3,500 $ 106,800 $ 4,180 $ 1,300 Foreign $ 160,460 $ 161,760
179 USA Miami 0.35 $ 8,000 $ 64,800 $ 3,570 $ 47,000 Foreign $ 115,640 $ 162,640
180 Angola Luanda 0.26 $ 3,500 $ 58,800 $ 9,980 $ 3,500 Local $ 182,060 $ 185,560
181 USA Boston 0.25 $ 8,000 $ 73,200 $ 4,330 $ 55,000 Foreign $ 133,160 $ 188,160
182 Bermuda Hamilton 0.23 Public $ 111,600 $ 5,200 $ 18,000 Foreign $ 174,000 $ 192,000
183 Cayman Islands George Town 0.23 $ 3,500 $ 101,760 $ 4,730 $ 30,000 Foreign $ 162,020 $ 192,020
184 USA Los Angeles 0.16 $ 8,000 $ 72,000 $ 4,400 $ 78,000 Foreign $ 132,800 $ 210,800
185 USA San Francisco 0.14 $ 8,000 $ 75,600 $ 6,350 $ 54,000 Foreign $ 159,800 $ 213,800
186 USA New York 0.11 $ 8,000 $ 87,600 $ 6,610 $ 47,000 Foreign $ 174,920 $ 221,920
187 Monaco Monaco -0.55 $ 3,500 $ 96,000 $ 21,760 $ 26,000 Foreign $ 360,620 $ 386,620
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METHODOLOGY

The data was collected in December in the year 2020. The following estimates the annual living costs for a family of three in the upper middle class.

Healthcare Expenses incurred by medical care are frequently partly met by the public healthcare system. This is connected to the immigrant’s initial status in each nation they lived in before moving there. Based on insurance for hospitalization, emergency evacuation, emergency transfer, a $0.5M annual maximum, and a $5,000 deductible, the yearly prices are quotations from private health insurance companies in different nations. They apply to a married couple that has one kid who is still a minor.

Source: www.pacifprime.com

Living expenses include most things people regularly buy, such as food, clothing, restaurants, transportation, fuel, and utilities. These don’t include residential areas. The figures were derived from a poll conducted by Numbeo regarding the cost of living.

Assumptions:

Lunch or dinner in restaurants: 50% of the time
Seeking economical restaurants: 20% of the time
How frequently is coffee taken outside the home: low
For active spenders, going out (to the movies, nightlife, etc.): an average of three times a week.
Smoking: 0.5 pack every day in a household
Alcoholic drinks: low intake
Home food: Asian food
Driving: moderate
Taxis: no
Public transportation: no
Memberships (Sports/Gyms): no
Travel and Holidays: none
Shopping for clothes: Moderate

Source: www.numbeo.com

The rent was determined using data from Numbeo’s Property Prices and was based on the typical monthly cost of renting an apartment in the city center with three bedrooms. Significant differences may exist between neighborhoods in the central part of the city.

Source: www.numbeo.com

The IP University Index is used to calculate the costs of attending university. These show the annual cost connected with attending an undergraduate program at the institution in each city with the highest ranking possible.

Source: The University Expenses were collected from each institution’s own website as the source (see the IP University Index).