Cost of Living Index 2014 Mid Year

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.