Global urban life cost rankings: Hong Kong ranks first in China, Shanghai Fourth

578 urban cost comparison

The amount required for daily expenses such as clothing, food, housing, and transportation is different due to different cities. Some cities, such as New York City, are considered to be a cities with particularly expensive living costs.

So, how does the daily expenses in New York compared with the costs of Lebanon, Berut or Bandolore, India?

Visual data website Visual Capitalist uses a chart to present. This picture is drawn from Victor Dépré on the basis of Numbeo's 20122 data base. Based on the New York City as the benchmark, it compares the cost and purchasing power of 578 different cities around the world.

Life costs around the world

Which city has the highest cost

Although New York is considered one of the most cost -effective cities in the world, according to Numbeo's data, many cities are actually more expensive than New York.

The following is the ranking of living costs in some cities. Based on the New York City, if the cost index of a city is 121, this means that its daily expenditure is 21%higher than that of New York:

Life cost ranks among the top 20 countries

Hamilton, the capital of Bermuda, ranked first on the list, and the cost of life was nearly 50%higher than New York. One reason is that almost everything in Hamilton needs to be imported, so the price is very expensive.

The second place is Switzerland Zurich, which is about 30%higher than New York City. Foods and beverages in the area are particularly expensive.

There are 12 cities in China, and the cost of life is lower than New York. Hong Kong ranks first in the cost of living in China with an index of 80.7, fourth in Shanghai, Shenzhen Fifth, and Beijing sixth.

China's listing city index

Local purchasing power index

Purchasing power is an indicator that measures the number of goods and services that the average salary can buy in the city.

Although the cost of living in Zurich is higher, the market's purchasing power level is about 30%higher than that of New York City residents. In contrast, the purchasing power of Bermuda Hamilton is relatively low.

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The scattered dots are used in the above cases, which are usually used for display and comparative values. Not only can it display the trend, but also the shape of the data cluster, and the relationship between the data points in the data cloud group.

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Picture source: pexels official website

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