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RCG GLOBAL COST OF LIVING INDEX BY CITY 2021

The RCG Global Cost of Living Index ranks over 180 world cities according to their living expenses. It takes into consideration numerous variables, such as the cost of food, housing, automobile, health, health insurance, and university tuition. The index does not account for items such as international travel expenses or the cost of furniture. It does, however, include a minimum clothing expenditure. Expenses such as health insurance and university fees are relative to one’s immigration status in each country. Some countries offer subsidized healthcare and education to residents, others not. 

The cost of living rating in each city assumes a well-off family of 3. It represents the minimum amount a wealthy family should require to live a comfortable life in each of these cities.

It’s important to factor in the cost of living of the city, rather than the country, perspective. In many places, the cost of living is much lower in rural areas than it is in urban ones. Places like the US have very affordable housing prices when you look at the country average. But compared to the square-foot prices in good neighborhoods in popular US cities, the contrast is staggering.

Some cities have disproportionate costs for certain items such as housing or alcohol. For example, Singapore puts a heavy tax on vehicles, and Monaco has a very expensive property market. 

Get a cost of living comparison of major cities. Find out how much you need to earn in different cities to maintain your current standard of living. Check our cost of living index by city below.

Rank COUNTRY CITY Index Health Care Cost of living Rent - Apartment (3 bedrooms) in City Centre University Fees U. Fee Type Annual Costs of Living Annual Cost with Uni.
1 Pakistan Lahore 0.91 $ 3,500 $ 15,600 $ 290 $ 50 Local $ 22,580 $ 22,630
2 Pakistan Karachi 0.90 $ 3,500 $ 16,800 $ 300 $ 50 Local $ 23,900 $ 23,950
3 India Kolkata 0.90 Public $ 19,200 $ 450 $ 50 Local $ 24,600 $ 24,650
4 Algeria Algiers 0.90 Public $ 20,400 $ 450 $ 50 Local $ 25,800 $ 25,850
5 India Hyderabad 0.89 Public $ 19,200 $ 490 $ 2,000 Local $ 25,080 $ 27,080
6 Tunisia Tunis 0.88 Public $ 24,000 $ 420 $ 50 Local $ 29,040 $ 29,090
7 Colombia Cali 0.88 Public $ 24,000 $ 450 $ 50 Local $ 29,400 $ 29,450
8 China Wuxi 0.87 Public $ 22,800 $ 550 $ 2,000 Local $ 29,400 $ 31,400
9 Brazil Belo Horizonte 0.87 Public $ 24,000 $ 470 $ 2,000 Local $ 29,640 $ 31,640
10 Colombia Medellin 0.87 Public $ 26,400 $ 490 $ 50 Local $ 32,280 $ 32,330
11 Kazakhstan Astana 0.87 Public $ 25,200 $ 600 $ 1,000 Local $ 32,400 $ 33,400
12 Brazil Rio de Janeiro 0.87 Public $ 25,200 $ 680 $ 50 Local $ 33,360 $ 33,410
13 Venezuela Caracas 0.87 $ 3,500 $ 22,800 $ 610 $ 50 Local $ 33,620 $ 33,670
14 Uzbekistan Tashkent 0.86 $ 3,500 $ 22,800 $ 580 $ 2,000 Local $ 33,260 $ 35,260
15 Moldova Chisinau 0.86 Public $ 27,600 $ 540 $ 1,200 Local $ 34,080 $ 35,280
16 China Chengdu 0.86 Public $ 25,200 $ 700 $ 2,000 Local $ 33,600 $ 35,600
17 China Ningbo 0.85 Public $ 26,400 $ 660 $ 2,000 Local $ 34,320 $ 36,320
18 Argentina Buenos Aires 0.85 Public $ 28,800 $ 550 $ 1,000 Local $ 35,400 $ 36,400
19 Mongolia Ulaanbaatar 0.85 $ 3,500 $ 22,800 $ 630 $ 2,600 Local $ 33,860 $ 36,460
20 Brazil Brasilia 0.85 Public $ 25,200 $ 780 $ 2,000 Local $ 34,560 $ 36,560
21 China Changsha 0.85 Public $ 26,400 $ 700 $ 2,000 Local $ 34,800 $ 36,800
22 China Chongqing 0.85 Public $ 28,800 $ 530 $ 2,000 Local $ 35,160 $ 37,160
23 India New Delhi 0.85 $ 3,500 $ 22,800 $ 590 $ 4,000 Local $ 33,380 $ 37,380
24 Georgia Tbilisi 0.85 $ 3,500 $ 22,800 $ 710 $ 2,700 Local $ 34,820 $ 37,520
25 China Shenyang 0.85 Public $ 28,800 $ 570 $ 2,000 Local $ 35,640 $ 37,640
26 Kazakhstan Almaty 0.85 Public $ 24,000 $ 650 $ 6,000 Local $ 31,800 $ 37,800
27 Bolivia La Paz 0.85 $ 3,500 $ 25,200 $ 640 $ 2,000 Local $ 36,380 $ 38,380
28 Morocco Dakhla 0.85 $ 3,500 $ 25,128 $ 650 $ 2,000 Foreign $ 36,428 $ 38,428
29 Sri Lanka Colombo 0.84 Public $ 25,200 $ 1,140 $ 50 Local $ 38,880 $ 38,930
30 Albania Durres 0.84 $ 3,500 $ 27,600 $ 490 $ 2,000 Local $ 36,980 $ 38,980
31 Honduras San Pedro Sula 0.84 $ 3,500 $ 26,400 $ 570 $ 2,400 Local $ 36,740 $ 39,140
32 Azerbaijan Baku 0.84 $ 3,500 $ 26,400 $ 700 $ 900 Local $ 38,300 $ 39,200
33 China Wuhan 0.84 Public $ 28,800 $ 710 $ 2,000 Local $ 37,320 $ 39,320
34 Vietnam Hanoi 0.84 $ 3,500 $ 26,400 $ 770 $ 200 Local $ 39,140 $ 39,340
35 Brazil Sao Paulo 0.84 Public $ 28,800 $ 890 $ 100 Local $ 39,480 $ 39,580
36 China Qingdao 0.84 Public $ 26,400 $ 980 $ 2,000 Local $ 38,160 $ 40,160
37 Macedonia Skopje 0.84 Public $ 27,600 $ 530 $ 7,000 Foreign $ 33,960 $ 40,960
38 Paraguay Asuncion 0.84 $ 3,500 $ 26,400 $ 590 $ 4,000 Local $ 36,980 $ 40,980
39 China Foshan 0.83 $ 3,500 $ 27,600 $ 730 $ 2,000 Local $ 39,860 $ 41,860
40 Iraq Baghdad 0.83 $ 3,500 $ 28,800 $ 810 $ 50 Local $ 42,020 $ 42,070
41 Bangladesh Dhaka 0.83 $ 3,500 $ 22,800 $ 420 $ 11,500 Local $ 31,340 $ 42,840
42 China Tianjin 0.83 Public $ 30,000 $ 1,070 $ 50 Local $ 42,840 $ 42,890
43 Egypt Cairo 0.83 Public $ 28,800 $ 350 $ 10,000 Local $ 33,000 $ 43,000
44 Belarus Minsk 0.83 $ 3,500 $ 27,600 $ 680 $ 4,000 Foreign $ 39,260 $ 43,260
45 Nicaragua Managua 0.83 $ 3,500 $ 33,000 $ 500 $ 1,000 Local $ 42,500 $ 43,500
46 Malaysia Kuala Lumpur 0.83 $ 3,500 $ 27,600 $ 870 $ 2,000 Local $ 41,540 $ 43,540
47 Syria Damascus 0.83 $ 3,500 $ 28,800 $ 690 $ 3,000 Local $ 40,580 $ 43,580
48 India Bangalore 0.83 Public $ 20,400 $ 600 $ 16,000 Local $ 27,600 $ 43,600
49 Peru Lima 0.83 Public $ 28,800 $ 910 $ 4,000 Local $ 39,720 $ 43,720
50 India Mumbai 0.82 Public $ 22,800 $ 1,640 $ 2,000 Local $ 42,480 $ 44,480
51 China Guangzhou 0.82 Public $ 27,600 $ 1,260 $ 2,000 Local $ 42,720 $ 44,720
52 Tanzania Dar es Salaam 0.82 $ 3,500 $ 25,200 $ 1,170 $ 2,000 Local $ 42,740 $ 44,740
53 Honduras Tegucigalpa 0.82 $ 3,500 $ 29,400 $ 830 $ 2,100 Local $ 42,860 $ 44,960
54 El Salvador San Salvador 0.82 $ 3,500 $ 32,400 $ 760 $ 200 Local $ 45,020 $ 45,220
55 Saudi Arabia Jeddah 0.82 Public $ 37,200 $ 600 $ 1,000 Local $ 44,400 $ 45,400
56 Ukraine Kiev 0.82 $ 3,500 $ 27,600 $ 1,060 $ 2,000 Local $ 43,820 $ 45,820
57 Taiwan Taichung 0.82 Public $ 35,000 $ 890 $ 200 Local $ 45,680 $ 45,880
58 Montenegro Budva 0.82 Public $ 35,280 $ 820 $ 1,000 Local $ 45,120 $ 46,120
59 China Hangzhou 0.81 $ 3,500 $ 26,400 $ 1,210 $ 2,000 Local $ 44,420 $ 46,420
60 Bulgaria Sofia 0.81 Public $ 36,000 $ 820 $ 1,000 Local $ 45,840 $ 46,840
61 Russia Saint Petersburg 0.81 Public $ 30,000 $ 990 $ 5,000 Local $ 41,880 $ 46,880
62 Turkey Istanbul 0.81 Public $ 25,200 $ 560 $ 15,000 Local $ 31,920 $ 46,920
63 Vietnam Ho Chi Minh City 0.81 $ 3,500 $ 28,800 $ 1,220 $ 200 Local $ 46,940 $ 47,140
64 China Suzhou 0.81 Public $ 33,600 $ 990 $ 2,000 Local $ 45,480 $ 47,480
65 Serbia Belgrade 0.81 Public $ 36,000 $ 800 $ 2,000 Local $ 45,600 $ 47,600
66 Taiwan Kaohsiung 0.81 Public $ 37,200 $ 810 $ 1,500 Local $ 46,920 $ 48,420
67 Thailand Phuket 0.81 Public $ 33,600 $ 1,120 $ 1,500 Local $ 47,040 $ 48,540
68 St Vincent and The Grenadines Kingstown 0.80 Public $ 34,320 $ 800 $ 5,000 Local $ 43,920 $ 48,920
69 Ecuador Quito 0.80 $ 3,500 $ 34,800 $ 820 $ 1,000 Local $ 48,140 $ 49,140
70 Uruguay Montevideo 0.80 Public $ 39,600 $ 760 $ 500 Local $ 48,720 $ 49,220
71 Cambodia Phnom Penh 0.80 $ 3,500 $ 31,200 $ 1,220 $ 50 Local $ 49,340 $ 49,390
72 Laos Vientiane 0.80 $ 3,500 $ 28,800 $ 1,430 $ 50 Local $ 49,460 $ 49,510
73 Saudi Arabia Riyadh 0.80 Public $ 39,600 $ 820 $ 1,000 Local $ 49,440 $ 50,440
74 Morocco Casablanca 0.80 $ 3,500 $ 31,200 $ 920 $ 5,300 Local $ 45,740 $ 51,040
75 Oman Muscat 0.79 Public $ 36,000 $ 1,120 $ 2,000 Local $ 49,440 $ 51,440
76 Romania Bucharest 0.79 Public $ 38,400 $ 910 $ 3,000 Foreign $ 49,320 $ 52,320
77 Indonesia Jakarta 0.79 $ 3,500 $ 28,800 $ 1,340 $ 4,000 Local $ 48,380 $ 52,380
78 China Nanjing 0.79 Public $ 28,800 $ 1,170 $ 10,000 Local $ 42,840 $ 52,840
79 Costa Rica San Jose 0.79 Public $ 42,000 $ 900 $ 600 Foreign $ 52,800 $ 53,400
80 Mexico Mexico City 0.79 $ 3,500 $ 34,800 $ 1,230 $ 500 Local $ 53,060 $ 53,560
81 Colombia Bogota 0.79 Public $ 27,600 $ 840 $ 16,000 Local $ 37,680 $ 53,680
82 Mauritius Port Louis 0.78 Public $ 39,840 $ 860 $ 4,400 Foreign $ 50,160 $ 54,560
83 Guatemala Guatemala City 0.78 $ 3,500 $ 33,600 $ 900 $ 7,200 Local $ 47,900 $ 55,100
84 Fiji Suva 0.78 Public $ 36,000 $ 1,310 $ 3,600 Local $ 51,720 $ 55,320
85 South Africa Johannesburg 0.78 Public $ 40,800 $ 930 $ 3,500 Local $ 51,960 $ 55,460
86 Hungary Budapest 0.78 Public $ 39,600 $ 1,010 $ 4,000 Foreign $ 51,720 $ 55,720
87 Chile Santiago 0.77 Public $ 42,000 $ 860 $ 4,000 Foreign $ 52,320 $ 56,320
88 Greece Corfu 0.77 $ 3,500 $ 41,040 $ 940 $ 1,000 Local $ 55,820 $ 56,820
89 Jordan Amman 0.77 Public $ 44,400 $ 630 $ 5,500 Local $ 51,960 $ 57,460
90 Saint Lucia Castries 0.76 Public $ 41,340 $ 1,290 $ 2,260 Local $ 56,820 $ 59,080
91 Dominican republic Santo Domingo 0.76 $ 3,500 $ 37,320 $ 730 $ 10,000 Local $ 49,580 $ 59,580
92 Russia Moscow 0.76 Public $ 37,200 $ 1,830 $ 1,000 Local $ 59,160 $ 60,160
93 South Africa Cape Town 0.76 Public $ 38,400 $ 1,510 $ 4,000 Local $ 56,520 $ 60,520
94 China Shenzhen 0.76 $ 3,500 $ 34,800 $ 1,710 $ 2,000 Local $ 58,820 $ 60,820
95 Lithuania Vilnius 0.76 Public $ 45,600 $ 1,020 $ 3,000 Foreign $ 57,840 $ 60,840
96 Ethiopia Addis Ababa 0.75 $ 3,500 $ 40,800 $ 1,410 $ 200 Local $ 61,220 $ 61,420
97 Taiwan Taipei 0.75 Public $ 40,800 $ 1,580 $ 2,000 Local $ 59,760 $ 61,760
98 Kenya Nairobi 0.75 $ 3,500 $ 31,200 $ 880 $ 17,000 Local $ 45,260 $ 62,260
99 Thailand Bangkok 0.75 Public $ 37,200 $ 1,940 $ 2,000 Local $ 60,480 $ 62,480
100 India Chennai 0.75 Public $ 19,200 $ 3,460 $ 2,000 Local $ 60,720 $ 62,720
101 Croatia Split 0.75 Public $ 49,200 $ 1,030 $ 1,200 Foreign $ 61,560 $ 62,760
102 Poland Warsaw 0.74 Public $ 42,000 $ 1,510 $ 4,000 Foreign $ 60,120 $ 64,120
103 Greece Athens 0.74 $ 3,500 $ 50,400 $ 870 $ 50 Local $ 64,340 $ 64,390
104 Panama Panama City 0.74 Public $ 46,800 $ 1,560 $ 100 Local $ 65,520 $ 65,620
105 Iran Tehran 0.74 $ 3,500 $ 34,800 $ 1,620 $ 8,000 Local $ 57,740 $ 65,740
106 Andorra Andorra la Vella 0.73 $ 3,500 $ 43,200 $ 1,480 $ 2,000 Local $ 64,460 $ 66,460
107 Antigua and Barbuda Saint John's 0.73 Public $ 34,800 $ 1,150 $ 18,000 Local $ 48,600 $ 66,600
108 Slovakia Bratislava 0.73 $ 3,500 $ 46,800 $ 1,280 $ 1,000 Local $ 65,660 $ 66,660
109 Czech Republic Prague 0.73 Public $ 42,000 $ 1,580 $ 6,000 Foreign $ 60,960 $ 66,960
110 China Beijing 0.73 Public $ 33,600 $ 2,400 $ 6,000 Local $ 62,400 $ 68,400
111 Nigeria Lagos 0.72 $ 3,500 $ 33,600 $ 2,630 $ 250 Local $ 68,660 $ 68,910
112 Latvia Riga 0.72 $ 3,500 $ 49,200 $ 950 $ 5,000 Foreign $ 64,100 $ 69,100
113 Slovenia Ljubljana 0.72 $ 3,500 $ 50,400 $ 1,330 $ 70 Foreign $ 69,860 $ 69,930
114 Cyprus Nicosia 0.71 Public $ 55,200 $ 1,090 $ 3,660 Local $ 68,280 $ 71,940
115 Philippines Manila 0.71 Public $ 30,000 $ 2,270 $ 16,000 Local $ 57,240 $ 73,240
116 Dominica Roseau 0.70 Public $ 55,320 $ 740 $ 10,000 Local $ 64,200 $ 74,200
117 Estonia Tallinn 0.70 $ 3,500 $ 55,200 $ 1,090 $ 3,000 Foreign $ 71,780 $ 74,780
118 China Shanghai 0.70 Public $ 38,400 $ 2,870 $ 2,000 Local $ 72,840 $ 74,840
119 Bahrain Manama 0.70 Public $ 40,800 $ 1,710 $ 13,800 Local $ 61,320 $ 75,120
120 Portugal Lisbon 0.70 $ 3,500 $ 46,800 $ 1,940 $ 2,000 Foreign $ 73,580 $ 75,580
121 Canada Montreal 0.69 Public $ 51,600 $ 1,770 $ 3,500 Local $ 72,840 $ 76,340
122 Seychelles Victoria 0.69 Public $ 46,560 $ 2,150 $ 6,000 Local $ 72,360 $ 78,360
123 UAE Abu Dhabi 0.68 $ 3,500 $ 45,600 $ 2,580 $ 1,000 Foreign $ 80,060 $ 81,060
124 Cyprus Limassol 0.67 Public $ 57,600 $ 1,690 $ 3,500 Local $ 77,880 $ 81,380
125 Qatar Doha 0.66 Public $ 50,400 $ 2,820 $ 2,000 Local $ 84,240 $ 86,240
126 Turks and Caicos Islands Cockburn Town 0.65 $ 3,500 $ 63,900 $ 1,500 $ 1,500 Foreign $ 85,400 $ 86,900
127 South Korea Seoul 0.65 Public $ 54,000 $ 2,270 $ 6,000 Local $ 81,240 $ 87,240
128 Austria Vienna 0.64 $ 3,500 $ 60,000 $ 1,990 $ 2,000 Foreign $ 87,380 $ 89,380
129 Vanuatu Port Vila 0.64 $ 3,500 $ 56,160 $ 2,290 $ 3,600 Local $ 87,140 $ 90,740
130 Kuwait Kuwait City 0.63 Public $ 38,400 $ 1,920 $ 30,000 Local $ 61,440 $ 91,440
131 Germany Berlin 0.63 $ 3,500 $ 62,400 $ 2,110 $ 600 Foreign $ 91,220 $ 91,820
132 Saint Kitts and Nevis Basseterre 0.63 Public $ 62,040 $ 2,100 $ 5,000 Local $ 87,240 $ 92,240
133 France Nice 0.63 Public $ 64,800 $ 2,260 $ 500 Foreign $ 91,920 $ 92,420
134 Trinidad and Tobago Port of Spain 0.63 Public $ 70,800 $ 1,240 $ 7,150 Local $ 85,680 $ 92,830
135 Barbados Bridgetown 0.63 $ 3,500 $ 66,000 $ 840 $ 14,000 Foreign $ 79,580 $ 93,580
136 Spain Barcelona 0.63 $ 3,500 $ 57,600 $ 1,880 $ 10,000 Foreign $ 83,660 $ 93,660
137 Belgium Brussels 0.62 $ 3,500 $ 67,200 $ 1,860 $ 2,000 Foreign $ 93,020 $ 95,020
138 Spain Madrid 0.62 $ 3,500 $ 57,600 $ 2,050 $ 10,000 Foreign $ 85,700 $ 95,700
139 Canada Vancouver 0.61 Public $ 57,600 $ 2,900 $ 4,000 Local $ 92,400 $ 96,400
140 Italy Rome 0.60 Public $ 66,000 $ 2,400 $ 4,000 Foreign $ 94,800 $ 98,800
141 Canada Toronto 0.60 Public $ 61,200 $ 2,710 $ 6,000 Local $ 93,720 $ 99,720
142 Germany Frankfurt 0.60 $ 3,500 $ 67,200 $ 2,470 $ 500 Foreign $ 100,340 $ 100,840
143 Japan Tokyo 0.59 Public $ 58,800 $ 3,110 $ 6,000 Foreign $ 96,120 $ 102,120
144 Turks and Caicos Islands Providenciales 0.59 $ 3,500 $ 67,200 $ 2,500 $ 1,500 Foreign $ 100,700 $ 102,200
145 Gibraltar Gibraltar 0.58 $ 3,500 $ 54,840 $ 3,480 $ 4,500 Foreign $ 100,100 $ 104,600
146 Bahamas Nassau 0.58 Public $ 73,200 $ 2,590 $ 1,400 Foreign $ 104,280 $ 105,680
147 Isle of Man Douglas 0.58 Public $ 70,800 $ 1,450 $ 18,000 Foreign $ 88,200 $ 106,200
148 Malta Valletta 0.57 $ 3,500 $ 69,600 $ 2,730 $ 1,000 Local $ 105,860 $ 106,860
149 Lebanon Beirut 0.57 $ 3,500 $ 62,400 $ 1,830 $ 20,000 Local $ 87,860 $ 107,860
150 Macau Macau 0.57 Public $ 75,600 $ 2,090 $ 8,000 Foreign $ 100,680 $ 108,680
151 Germany Munich 0.56 $ 3,500 $ 70,800 $ 2,810 $ 1,150 Foreign $ 108,020 $ 109,170
152 Finland Helsinki 0.56 Public $ 81,600 $ 2,330 $ 100 Foreign $ 109,560 $ 109,660
153 Italy Venice 0.55 $ 3,500 $ 76,680 $ 2,520 $ 1,600 Foreign $ 110,420 $ 112,020
154 Liechtenstein Vaduz 0.55 $ 3,500 $ 73,200 $ 2,880 $ 1,000 Foreign $ 111,260 $ 112,260
155 Grenada Saint George's 0.55 Public $ 62,280 $ 930 $ 40,000 Local $ 73,440 $ 113,440
156 Italy Milan 0.54 Public $ 73,200 $ 3,150 $ 4,000 Foreign $ 111,000 $ 115,000
157 France Paris 0.53 Public $ 75,600 $ 3,360 $ 2,000 Foreign $ 115,920 $ 117,920
158 British Virgin Islands Road town 0.52 Public $ 82,500 $ 2,650 $ 5,200 Foreign $ 114,300 $ 119,500
159 Jersey Saint Helier 0.52 Public $ 74,760 $ 3,010 $ 9,000 Foreign $ 110,880 $ 119,880
160 Australia Melbourne 0.51 Public $ 61,200 $ 2,530 $ 30,000 Foreign $ 91,560 $ 121,560
161 Singapore Singapore 0.51 Public $ 66,000 $ 3,990 $ 8,000 Local $ 113,880 $ 121,880
162 Norway Oslo 0.51 Public $ 93,600 $ 2,360 $ 50 Foreign $ 121,920 $ 121,970
163 New Zealand Auckland 0.51 Public $ 69,600 $ 2,400 $ 24,000 Foreign $ 98,400 $ 122,400
164 Australia Brisbane 0.51 Public $ 68,400 $ 2,170 $ 28,000 Foreign $ 94,440 $ 122,440
165 UAE Dubai 0.51 $ 3,500 $ 60,000 $ 3,120 $ 22,000 Foreign $ 100,940 $ 122,940
166 Anguilla The Valley 0.49 $ 3,500 $ 71,000 $ 1,600 $ 33,750 Foreign $ 93,700 $ 127,450
167 Denmark Copenhagen 0.49 Public $ 93,600 $ 1,510 $ 16,000 Foreign $ 111,720 $ 127,720
168 Netherlands Amsterdam 0.47 Public $ 82,800 $ 3,280 $ 10,000 Foreign $ 122,160 $ 132,160
169 Iceland Reykjavik 0.46 $ 3,500 $ 99,600 $ 2,500 $ 700 Foreign $ 133,100 $ 133,800
170 Ireland Dublin 0.46 $ 3,500 $ 60,000 $ 3,780 $ 26,000 Foreign $ 108,860 $ 134,860
171 Sweden Stockholm 0.46 $ 3,500 $ 82,800 $ 2,390 $ 20,000 Foreign $ 114,980 $ 134,980
172 Hong Kong Hong Kong 0.45 $ 3,500 $ 63,600 $ 4,480 $ 16,000 Foreign $ 120,860 $ 136,860
173 UK London 0.42 Public $ 80,400 $ 4,280 $ 14,000 Foreign $ 131,760 $ 145,760
174 Australia Sydney 0.41 Public $ 68,400 $ 3,830 $ 32,000 Foreign $ 114,360 $ 146,360
175 Switzerland Geneva 0.40 $ 3,500 $ 105,600 $ 3,180 $ 2,000 Foreign $ 147,260 $ 149,260
176 Luxembourg Luxembourg City 0.40 $ 3,500 $ 103,200 $ 3,550 $ 500 Foreign $ 149,300 $ 149,800
177 Switzerland Lausanne 0.39 $ 3,500 $ 109,200 $ 3,300 $ 1,200 Foreign $ 152,300 $ 153,500
178 Switzerland Zurich 0.35 $ 3,500 $ 106,800 $ 4,180 $ 1,300 Foreign $ 160,460 $ 161,760
179 USA Miami 0.35 $ 8,000 $ 64,800 $ 3,570 $ 47,000 Foreign $ 115,640 $ 162,640
180 Angola Luanda 0.26 $ 3,500 $ 58,800 $ 9,980 $ 3,500 Local $ 182,060 $ 185,560
181 USA Boston 0.25 $ 8,000 $ 73,200 $ 4,330 $ 55,000 Foreign $ 133,160 $ 188,160
182 Bermuda Hamilton 0.23 Public $ 111,600 $ 5,200 $ 18,000 Foreign $ 174,000 $ 192,000
183 Cayman Islands George Town 0.23 $ 3,500 $ 101,760 $ 4,730 $ 30,000 Foreign $ 162,020 $ 192,020
184 USA Los Angeles 0.16 $ 8,000 $ 72,000 $ 4,400 $ 78,000 Foreign $ 132,800 $ 210,800
185 USA San Francisco 0.14 $ 8,000 $ 75,600 $ 6,350 $ 54,000 Foreign $ 159,800 $ 213,800
186 USA New York 0.11 $ 8,000 $ 87,600 $ 6,610 $ 47,000 Foreign $ 174,920 $ 221,920
187 Monaco Monaco -0.55 $ 3,500 $ 96,000 $ 21,760 $ 26,000 Foreign $ 360,620 $ 386,620

METHODOLOGY

The data were collected in December 2020. Annual costs of living are estimated for an upper-middle-class family of three.

Healthcare expenses are often subsidized by the public healthcare system. This is linked to the immigrant’s initial status in each country. The annual costs are quotes from private health insurance companies in different countries based on coverage for inpatient care, emergency evacuation, emergency repatriation, a $0.5M annual limit, and a $5,000 deductible. They apply to a couple with one underage child.

Source: www.pacificprime.com

Living expenses refer to most everyday items: groceries, restaurants, clothing, transportation, fuel, utilities, etc. They exclude housing. The estimates were taken from Numbeo’s Cost of Living survey.

Assumptions:

Eating lunch or dinner in restaurants: 50% of the time
Choosing inexpensive restaurants: 20% of the time
Frequency of drinking coffee outside the home: low
Going out (cinema, nightlife, etc.): an average of 3x/week per active spender
Smoking: 0.5 pack/day per household
Alcoholic beverages: low consumption
Eating at home: Asian food
Driving: moderate
Taxis: no
Public transportation: no
Sport/Gym Memberships: no
Vacation and Travel: none
Clothes shopping: moderate

Source: www.numbeo.com

Rent is taken from Numbeo’s Property Prices and based on the average rent for a 3-bedroom apartment in the city center. There can be significant variations between areas in the city center.

Source: www.numbeo.com

University Costs are taken from the RCG University Index. They reflect the annual cost associated with attending an undergraduate program at the best-ranked university in each city.

Source: University Costs were taken from each university’s website (see the RCG University Index).

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