The most expensive and cheapest countries to live in

Research – Analysis and Data Visualization by Thanassis Troboukis

@troboukis

The cost of living in Greece remains relatively high compared to the income of the population. According to the European Job Mobility Portal, Greece is ranked 31st in the world’s general price levels.

Expatistan gathers cost-of-living data from various cities around the world and publishes a list of the most expensive and cheapest places to live in. For the cost of living in each part of the world to be calculated, it is taking into account the cost of living, housing, entertainment and so on.

For the purpose of constructing the list, the Czech Republic is the central reference country due to the fact that the cost of living ranks in the middle of the other countries’ living costs. Therefore, the Czech Republic has a Price Index value of 100. Kosovo is the country with the lowest cost of living and a Price Index of 62. That means that living there is 62% cheaper than living in the Czech Republic. The most expensive place to live is the Cayman Islands, with a Price Index of 236, followed by Hong Kong with a value of 234. Greece is ranked 49th with a Price Index of 117.

Here you can compare the cost of living between two countries.

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