If you are planing a trip or holiday this map could help you to find your next travel destination. It shows the difference in living costs around by country in the world using data from the world’s largest database of user donated figures about cities and countries worldwide.
The map is made by MoveHub and it is based on The Consumer Price Index (CPI), that is used to determine the difference in the living costs between countries takes into account the prices of transportation, groceries, restaurants and utilities. The transportation prices includes one-way tickets, monthly passes, taxi fares, oil prices and the price of a VW Golf. For groceries is collected data of the price for bread, meat, rice, eggs, fruits, vegetables and alcohol. The restaurant prices comprise of costs for meals in luxury, mid-range and inexpensive restaurants, as well as the prices for coffee products, alcohol and water in caffees. The utilities costs are determined by the cost for electricity, heating, water and Internet.
The CPI in the cost of living infographic is a relative indicator of a country’s life costs compared to New York in USA. For example, if a country has a CPI of 60, on average it enjoys 40% cheaper living costs compared to New York city.
So, you now you can plan your trip and spend your holiday in some cheap country. Cheap is not poor, and it is mostly rich by culture. Maybe you will find the cheapest country to live in (read more under the infographic).
The map of Living Costs Around the World
So the final answer to a question “Which Countries Are The Cheapest And The Most Expensive” is based on the same CPI figures. The cheapest country to live in is India, and the most expensive one is Switzerland.
This is the list of countries with lowest, and the list of highest costs of living.
Countries with the lowest cost of living
Countries with the highest cost of living
- New Zealand
- United Kingdom