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.