Cost of Living Index
The study is based on Numbeo results, in which I attempt to chart the Cost of Living based on four parameters: rent, grocery, restaurant, and local purchasing power.
Key assumptions of the data are New York City has been considered as a relative parameter for comparison. So New York was considered as 100 and if any city has 120 index that means the city is 20% more expensive than New York City.
Here are the key observations:
- Rent: The United States has the top 5 expensive rental cities
- Groceries: Switzerland is the most expensive for groceries
- Restaurant: Switzerland is also expensive in terms of restaurant
- Local Purchasing Power: United States cities have more purchasing power
If any suggestion/recommendation or help required, please feel free to contact me.
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