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Have you ever wondered which are the most expensive countries in the world? A table can tell you a lot, but turn that table into a beautiful world map and suddenly the results are very interesting. At , we’ve taken the data from Numbeo’s 2020 Living Cost Index and made it pretty cool. To create the Index, Numbeo compiled data from thousands of offerings around the world, looking at consumer prices and value. There are about fifty items, from meals in mid-range restaurants to fitness clubs, bottles of wine and cappuccinos. A quick guide on our map: green is cheap and pink is expensive.
What Country Has The Lowest Cost Of Living
As you can see, it is somewhat expensive in almost every continent, although the most important prison appears in Europe. Interestingly, some of the most expensive living in the world can be found in countries that appear on the world map, so you should scroll down to find out more. Southeast Asia looks cheap until you look at Hong Kong and Singapore!
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Who knew that national flags would look as big as small circles? If a country is lucky enough to be one of the top ten, its flag is given the most beautiful treatment. So there you have it, Bermuda and Pakistan are at the extreme end of the spectrum, and every other country falls in the middle. The number ‘100’ represents the cost of living in New York, so the rest of the country has a score compared to the prices of the Big Apple. Looking at the results above, it is clear how this region highlights the cheapest countries in the world. Conversely, the world’s most expensive countries are spread across the globe.
There is a big difference when it comes to living expenses in Europe. While Eastern countries have a bright green color, Western European countries have a more expensive pinky-orange color. That’s right: if you want a great cheap holiday in Europe then you should go to the Balkans and beyond. The cheapest country in Europe is Ukraine, ranked 113 in the world, followed by Kosovo at 109 and Moldova at 101. At the other end of the spectrum, it is not surprising to see that Switzerland is the most expensive country in Europe, being the second most expensive place most of the world to live in. Life in the land of chocolate, cheese and mountains comes with a heavy price. A survey by Expat Insider from 2017 found Switzerland to be one of the world’s friendliest countries, so it’s probably best to be cheap and happy.
You wouldn’t expect the biggest news in North America to be Bermuda! The British Overseas Territory is the most expensive place in the world, boasting a beautiful subtropical climate and 181 islands. You can expect a trip to beautiful Bermuda to make it fun. .
Another expensive country is here too, with the Bahamas ranking 5th in the world. It pulls Bermuda into the water when it reaches the number of its islands, which has a capacity of 700. If you want a vacation there, do not miss the beach of swimming pigs (yes, really) and the island of iguanas. Elsewhere, things are tolerable, although life in Puerto Rico can set you back a bit.
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South America is cheap (especially in the northwest) but Uruguay is the 30th most expensive country in the world – that’s why the pink color is in the middle of the continent. However, you get what you pay for down there; Uruguay has some of the most peace in South America, freedom of the press, democracy and GDP growth. Also, the population is increasing with cattle; about 3.5 cows per person.
Your money will go to North Asia and the Middle East. In particular, Pakistan is the cheapest country in the world, India is only three places above. There are clear points of view at the ends of the continent, Israel and the UAE to the west and Japan, South Korea and Hong Kong to the east. Japan has just entered the ten most expensive countries in the world, it is number 9. It seems that the East Coast is not one of the cheapest options for tourists and tourists, but this does not stop people there. You won’t find fast trains and good sushi anywhere else.
Go to Southeast Asia and you will find somewhere much more expensive; Singapore is the most expensive country in all of Asia and ranks 8th in the world rankings. This small port country seems to have a very good business environment – especially the Philippines, which is the cheapest country in Southeast Asia. If you’re traveling across the continent on a budget, it might be wise to go through Singapore instead.
Based on the countries for which we have data, you can see that Africa has the lowest cost of all continents. The highest prices are found in Ghana, which is surprising considering South Africa’s popularity as a world tourist destination. Ghana is ranked 38th in the world, and is ranked 49th in Mauritius.
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So there you are. If you’re thinking of starting a new affordable lifestyle, you know what color map to look at. For warm weather and great value for money, look no further than the Philippines, but the Bahamas are best avoided until you have some cash to burn.
Born in Yorkshire and based in London, Charlie has been researching and writing about international migration for over five years. Charlie’s research in countries and cities around the world has been featured in many top publications, including The Times, Vice, Forbes, The Independent and JOE. He is a well-travelled man, although it is surprising that he has not been to Scotland.
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In times of economic crisis, we often think of moving to another country to find a better life. This is not difficult to decide though there are several reasons. Leaving friends, family, and everything we know is hard. There are many things to consider. For example: what about the cost of living? Will it be lower or higher in my country? I talked a lot about giving up everything and changing life (as I did) in the previous post. There you will find useful information if you want to take this important step.
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Everyone has to choose according to their own situation, but if you want to have information that will help you understand which countries are the cheapest and most expensive to live in, then Numbeo is the best site. It has the largest and continuously updated database with information on transportation costs, crime, pollution, and more from many countries in the world.
The rankings are based on the average cost of food, transportation, restaurants, bills, rent, and more. What it refers to is the city of New York, which is divided into 100 points. If a city or country has, for example, 90 points, it means that it is cheaper than New York. Over 100 sites list cities or states that are more expensive than New York.
Since this is about countries and not cities, know that even if the national average is high, other cities in the country may not be that expensive.
This standard only gives a general idea of the cost of living. Also, the high cost of living is one of the things to consider before moving abroad. One thing that is important to me is the level of pollution (this is a list of the most polluted cities in the world), the average climate, the quality of health, and the purchasing power of land. This last one gives an idea of how good it is for the local people.
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Poor countries have limited purchasing power. This means that if you go there you will have the impression that life is cheap, but if you work as a civilian, it can be very expensive. This obviously changes if you have the necessary skills, but you get what I mean.
That being said, it is what it is. Below you can find an Infographic that I have prepared to summarize the results (here you can find the support page).
China (this is my travel guide) is in the middle: 83 places. Since I have been in this country for some time,