The Cost of Living Around the World

The cost of living around the world affects each and every one of us. It impacts the quality of life where we live and the costs of goods and services when we travel. And these days, since so many people are digital nomads or spend a portion of their careers as an expat it is good to know which cities are expensive and which cities aren’t.

Twice a year the website Numbero releases a report, the Cost of Living Index 2020 is now live.

According to Numbeo, the most expensive city at the beginning of 2020 is Zurich in Switzerland. Other cities in Switzerland get spots no. 2-5 of the most expensive cities in Numbeo’s list: Basel, Lausanne, Geneva, Bern.

Three cities in Norway are on the spots no. 6-8: Stavanger, Oslo, Trondheim.

New York in the United States is ranked 11th, while San Francisco 12th (out of 440 cities in the world).

Tokyo, ranked globally 18th (out of 440 cities), is the most expensive city in Asia.

Cities in Africa are all in the bottom half of the list, with the most expensive ranked city being Pretoria in South Africa on the spot at 252.

This semiannual publication is released twice per year – in January and in July  by using a snapshot of current indices on the day of the release. The cost of living around the world does impact us in many ways, so this is important data to understand.

There’s not necessarily a direct comparison between the costs a tourist pays versus the costs for locals, but usually the more expensive a city is to live in, the more expensive it is to visit.

Numbeo is a market leader in comparing the cost of living worldwide, according to Internet traffic estimators, such as Similarweb or Alexa.

You can access the rankings here.


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