Switzerland, Norway, and Venezuela are the most expensive places in the world to live, whilst Croatia ranks ‘middle of the road’, according to the latest living cost data from Numbeo…
Whilst Switzerland and Norway topped the list, the nations with the lowest living costs were India, Nepal and Pakistan. Croatia is ranked in 51st place out of 119 countries on the list with an index of 58.92. Out of Croatia’s neighbours, only Slovenia is deemed to be more expensive.
Portal MoveHub have produced a handy infographic showing the difference in living costs around the world. The Consumer Price Index, used to determine the difference in the living costs between countries takes into account the prices of groceries, transportation, restaurants and utilities.
The CPI in the infographic is a relative indicator of a country’s living costs compared to New York. So, for instance, if a country has a CPI of 70, on average it enjoys 30% cheaper living costs compared to New York.
An interesting map from MoveHub reveals living costs around the world.