World’s Least And Most Expensive Countries

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Switzerland has been ranked the most expensive country to live in, and India the least expensive, according to an infographic released by Movehub, a website that provides information about moving abroad.

Western European countries are among the world’s most expensive, while Asian and Middle Eastern countries are among the cheapest.

The rankings were compiled using data collected between July 1, 2013, and Jan. 2, 2015, from Numbeo, a website that crowdsources consumer good prices around the world.

It should be noted that the data used in the rankings did not include rent or mortgage payments. Because Numbeo data is crowdsourced, its quality and quantity from country to country is inconsistent. Furthermore, the data is based on country cost of living, ignoring the discrepancies that exist among cities and regions within each country.

Using a base measure of 100, which represents New York City’s cost of living, here is how the least and most expensive countries measured up:

Most Expensive
1. Switzerland 126.03
2. Norway 118.59
3. Venezuela 111.51
4. Iceland 102.41
5. Denmark 100.6
6. Australia 99.32
7. New Zealand 93.71
8. Singapore 93.61
9. Kuwait 92.97
10. U.K. 92.19
11. Ireland 92.09
12. Luxembourg 91.78
13. Finland 89.68
14. France 88.37
15. Belgium 87.22

Least Expensive
1. India 26.27
2. Nepal 28.85
3. Pakistan 30.71
4. Tunisia 34.06
5. Algeria 34.10
6. Moldova 34.72
7. Egypt 37.22
8. Macedonia 37.41
9. Syria 38.24
10. Colombia 38.92
11. Bangladesh 39.22
12. Indonesia 39.35
13. Georgia 39.35
14. Morocco 39.78
15. Philippines 40.0

For more information on living and retiring overseas, including cost-of-living analysis, subscribe to the monthly Overseas Retirement Letter.

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