Tuesday, July 1, 2014

Cost of Living Index 2014 Mid Year

Numbeo

Cost of Living Index 2014 Mid Year

(July 1st, 2014)

Numbeo, the world's largest database of user contributed data about living conditions in cities and countries worldwide, released mid year 2014 rankings. The most expensive cities in the world, in mid 2014 are Zurich (CPI index 159.51), Stavanger (156.71) and Geneva (150.43). Indian cities Thiruvananthapuram (22.25), Coimbatore (24.57) and Indore (25.90) are the least expensive cities in the world.

In Europe, cities in Switzerland and Norway dominate the list of most expensive cities, while the least expensive cities in Europe are Bitola (index 37.88), followed by Chisinau (38.40) and Dnipropetrovsk (40.53). Cities in Europe, out of all continents, have the highest variance in prices. For more details please visit Europe: Cost of Living Index 2014 Mid Year.

In America, due to the fact that the official exchange rate is artificially low, Caracas (index 132.98) became the most expensive city and La Paz (39.24) is the least expensive.

In Africa, the most expensive city is Luanda (index 117.82) distantly followed by Accra (91.19) and Lagos (73.93). The least expensive cities in Africa are Alexandria (35.87), Cairo (37.97) and Tunis (40.19).

In Asia, Changi (107.06), an eastern area in Singapore, is the most expensive, followed by Tokyo (105.87) and Singapore (103.02).

In Oceania, all cities are fairly expensive (for which Numbeo has good dataset). Darwin (127.09) is at the top of the list and Cairns (104.95) at the bottom.

Numbeo also publishes other rankings, such as Quality of Life Rankings. According to its quality of life rankings, cities with the best quality of life in the world are Canberra, Ottawa and Frankfurt. Cities with the worst quality of life are Caracas, Ulaanbaatar and Rio De Janeiro. More details

About: Numbeo is a crowdsourced website with open methodology which gathered more than 1.3 million data entries about living conditions worldwide since 2009. Numbeo is founded in 2009 by Mladen Adamovic, ex-Google software engineer. Mladen also worked for Sungard, Troxo and University of Banja Luka. He obtained M.Sc. Electrical Engineering from University of Banja Luka in 2006 and B.Sc. Math from University of Belgrade in 2003.

Tuesday, January 28, 2014

The Most Expensive Cities in 2014 by Numbeo's Cost of Living International Rankings

The biggest free cost of living database, Numbeo, collected more than 1.1 million data from more than 130000 contributors since 2009. The result of Numbeo's survey, shows, that in the beginning of 2014, the most expensive cities (excluding rent) are Zurich (index 157.47), Trondheim (152.89) and Geneva (162.34). The least expensive are Thiruvananthapuram (21.17), Tiruchirapalli (23.23) and Indore (23.94) in India.

Numbeo is currently tracking the prices of 48 goods and services. In Numbeo's survey, New York is used as the base city for the index and scores 100 points, all cities are compared against New York and currency movements are measured against US Dollar and EURO. Lucerne in Switzerland scores 150.75 points and is nearly three times as costly as Consanta in Romania with an index score of 50.32.

In Europe, many cities in Switzerland and Norway are among the most expensive on the list, followed by Paris (120.68). In South America, Caracas (122.82) in Venezuela became the most expensive mostly due to low official exchange rate. Honolulu in Hawaii (106.27) was rated as the most expensive in North America. In Asia, Tokyo (104.20) is the most expensive followed by Singapore (101.30) and Seoul (92.66).

Rent in the world is the most expensive in Hong Kong (rent index 108.91) followed by New York (100) and Singapore (99.76).

Cities with the lowest rent are Rawalpindi in Pakistan, followed by Surat and Bhopal in India.

For complete rankings please visit http://www.numbeo.com/cost-of-living/rankings.jsp

About Numbeo.com –
Numbeo.com  is the largest free Internet database about cost of living and property prices worldwide. Numbeo.com allows visitors to estimate their own cost of living expenses if they are relocating. It uses data contributions from people all around the world to make statistical analysis of these data for free availability to everyone in a structured manner. Getting this information earlier was far more expensive and difficult. Numbeo publishes yearly indexes such as the consumer price index and property market index per city and per country.