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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 107 countries all around the world the USA comes 20th.

The cost of living are periodically calculated in nigh representative baskets of consumer goods. But many factors are complicating a worldwide comparison. E.g. a typical apartments dont accept a standard size nor fittings. Even the quality of a branded parcel of butter isn't the aforementioned in the Tertiary Earth. Consequently, comparisons similar this have to to be accepted with caution.

In improver, the level of the prevailing average income should play a role in a toll comparing.

Cost of living and purchasing ability related to average income

We adapted the average toll of living inside the Us (based on 2020 and 2021) to an alphabetize of 100. All other countries are related to this alphabetize. Therefore with an index of e.g. 80, the usual expenses in another land are xx% less then within 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 alphabetize is again based on a value of 100 for the United States. If it is college, 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 alphabetize of 141 all goods are on boilerplate almost 41 pct more than expensive than in the The states. Only the average income in Switzerland of 6885 USD is also 28% higher, which means that citizens can too afford more appurtenances. At present y'all calculate the 41% higher costs against the 28% higher income. In the issue, people in Switzerland tin can afford near ix percent less than a United states denizen.

The calculated cost of living alphabetize is based on the OECD, the Worldbank, the IMF and Eurostat figures and has been completed by our own researches. It does non have into business relationship the differences between poverty and wealth, as well as prices for goods that do not vest to normal needs. Therefore this listing should be regarded as a mathematical theorem. Whether it is realistic to survive with a purchasing power index of 5.four (Benin) does not affair in this tabular array. This would correspond to about 1-19th of the purchasing ability inside the US.

Quality of life in relation to cost of living

Cost of daily necessities In the search for a potential adopted country, the cost of living unremarkably 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

At that place are some other indices, eastward.g. the study of the swiss bank UBS issued nearly every three years or of the EDA (Federal Departement of Foreign Affairs). Both studies refer merely to some few and usually large cities in which UBS and Switzerland have a representation.