Cost of daily necessities

Comparison of worldwide cost of living

Living ist most expensive in the Bermudas and cheapest in Angola. In our ranking of 114 countries all around the world the USA comes 19th.

The cost of living are periodically calculated in nearly representative baskets of consumer goods. But many factors are complicating a worldwide comparison. E.g. a typical apartments dont have a standard size nor fittings. Even the quality of a branded packet of butter isn't the same in the Third World. Consequently, comparisons like this have to to be accepted with caution.

Zusätzlich sollte bei einen Kostenvergleich die Höhe des jeweils vorherrschenden eine Rolle spielen.Additionally, the average income of the single country should play a role in a cost comparison like this.

Cost of living and purchasing power related to average income

We ajusted the average cost of living inside the USA (based on 2020) to an index of 100. All other countries are related to this index. Therefore with an index of e.g. 80, the usual expenses in another country are 20% less then inside the United States.

The monthly income (please do not confuse it with a wage or salary) is calculated from the gross national income per capita.

The calculated purchasing power index is again based on a value of 100 for the United States. If it is higher, people can afford more based on the cost of living in relation to income. If it is lower, so the population is less wealthy.

The example of Switzerland:
With a cost of living index of 144 all goods are on average about 44 percent more expensive than in the USA. But the average income in Switzerland of 7124 USD is also 30% higher, which means that citizens can also afford more goods. Now you calculate the 44% higher costs against the 30% higher income. In the result, people in Switzerland can afford about 10 percent less than a US citizen.

RankCountrycost indexØ Monthly incomePurchasing power index
1Bermuda157.59,794 USD113.3
2Switzerland143.67,124 USD90.4
3Cayman Islands137.93,943 USD52.1
4Turks and Caicos Islands124.62,362 USD34.5
5Barbados121.61,448 USD21.7
6Israel121.43,592 USD53.9
7New Caledonia121.41,168 USD17.5
8Iceland118.46,083 USD93.6
9Denmark118.45,333 USD82.1
10Ireland113.75,342 USD85.6
11Norway111.26,875 USD112.7
12Luxembourg110.86,158 USD101.3
13Bahamas109.52,788 USD46.4
14Australia107.54,592 USD77.8
15Japan106.43,476 USD59.5
16Finland105.54,167 USD72.0
17Sweden104.24,652 USD81.3
18New Zealand101.33,518 USD63.3
19United States100.05,488 USD100.0
20United Kingdom99.93,518 USD64.2
21Netherlands97.94,422 USD82.3
22Canada97.53,863 USD72.2
23Belgium96.73,996 USD75.3
24Austria95.64,287 USD81.7
25France95.33,538 USD67.7
26Germany90.14,050 USD81.9
27Italy85.42,878 USD61.4
28South Korea82.72,816 USD62.1
29Spain80.82,530 USD57.0
30Hong Kong80.54,233 USD95.8
31Singapore74.84,966 USD120.9
32Macao74.86,553 USD159.7
33Portugal73.51,930 USD47.8
34Qatar73.05,098 USD127.2
35Greece72.51,646 USD41.4
36United Arab Emirates72.33,623 USD91.3
37Estonia71.61,938 USD49.3
38Costa Rica61.4975 USD28.9
39China61.3866 USD25.8
40Czechia61.21,828 USD54.5
41Kuwait58.82,799 USD86.7
42Chile58.61,251 USD38.9
43Croatia58.51,249 USD38.9
44Ecuador54.2508 USD17.0
45Peru54.0562 USD18.9
46Equatorial Guinea53.9538 USD18.2
47Hungary52.01,375 USD48.2
48Bahrain51.61,843 USD65.0
49Iran51.5442 USD15.6
50Mexico50.0790 USD28.8
51El Salvador49.2333 USD12.4
52Poland48.81,279 USD47.8
53Albania47.9435 USD16.6
54Montenegro47.7755 USD28.9
55Brazil47.4761 USD29.2
56Serbia47.4586 USD22.5
57Romania45.31,052 USD42.3
58Saudi Arabia45.11,903 USD76.9
59Botswana44.8638 USD25.9
60Bulgaria44.6798 USD32.6
61Dominican Republic44.6673 USD27.5
62Iraq44.6478 USD19.6
63Fiji44.4483 USD19.8
64Morocco44.1266 USD11.0
65Namibia43.8422 USD17.5
66Kenya42.9146 USD6.2
67South Africa42.4503 USD21.7
68Timor-Leste41.9168 USD7.3
69Macedonia41.6487 USD21.3
70Cameroon41.4125 USD5.5
71Philippines41.0321 USD14.3
72Ivory Coast40.8191 USD8.5
73Senegal40.6122 USD5.5
74Thailand40.6605 USD27.1
75Colombia40.2543 USD24.6
76Kosovo40.1388 USD17.7
77Moldova39.2382 USD17.8
78Malaysia39.1936 USD43.6
79Bangladesh38.8162 USD7.6
80Paraguay38.6460 USD21.7
81Eswatini38.3306 USD14.5
82Bolivia37.7293 USD14.2
83Benin36.7104 USD5.2
84Russia36.6938 USD46.7
85Cambodia36.5128 USD6.4
86Nicaragua36.3158 USD7.9
87Laos36.3214 USD10.8
88Indonesia35.9338 USD17.1
89Nigeria35.4169 USD8.7
90Vietnam35.0216 USD11.2
91Mongolia34.9316 USD16.5
92Lesotho34.9115 USD6.0
93Kazakhstan34.1735 USD39.3
94Armenia34.1390 USD20.9
95Suriname33.4452 USD24.7
96Sri Lanka31.8335 USD19.2
97Georgia31.8398 USD22.8
98Burma31.6116 USD6.7
99Turkey31.4808 USD46.9
100Algeria31.1334 USD19.6
101Ukraine30.2281 USD16.9
102Zambia29.6119 USD7.3
103Tunisia29.3281 USD17.5
104Azerbaijan29.2373 USD23.3
105Bhutan29.2262 USD16.3
106India28.6177 USD11.3
107Nepal28.191 USD5.9
108Ghana27.0185 USD12.5
109Egypt26.8224 USD15.3
110Kyrgyzstan25.8103 USD7.3
111Tajikistan25.186 USD6.2
112Pakistan24.8118 USD8.6
113Angola24.8247 USD18.1

The calculated cost of living index is based on the OECD, the Worldbank, the IMF and Eurostat figures and has been completed by own researches. It does not take into account the differences between poverty and wealth, as well as prices for goods that do not belong to normal needs. Therefore this list should be regarded as a mathematical theorem. Whether it is realistic to survive with a purchasing power index of 5.2 (Benin) does not matter in this table. This would correspond to about one-19th of the purchasing power inside the US.

Quality of life in relation to cost of living

Cost of daily necessitiesIn the search for a potential adopted country, the cost of living usually has the highest priority. However, other factors such as medical care or political stability should also be taken into account. In a further evaluation we compare numerous factors of different countries in order to derive a ranking for the quality of life.

Other indices

There are some other indices, e.g. the study of the swiss bank UBS issued about every 3 years or of the EDA (Federal Departement of Foreign Affairs). Both studies refer only to some few and usually large cities in which UBS and Switzerland have a representation.
Comparison: average incomeAverage income around the worldA comparison of the average income p.c. over 70 countries worldwide
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