New York has a reputation as one of the most expensive places to live in the United States and one of the most expensive cities in the world. Only in four countries is more expensive to live than in the Big Apple. But even if the country has cheap rent and food, life there can be expensive for other reasons — for example, high taxes, low wages and transportation costs are above average. GOBankingRates offers an opportunity to learn where in the world the most expensive to live, and compares it with new York.
The cost of living index: 123,96
Local purchasing power: 87,84
The high cost of living in Iceland is not connected with housing. You can rent a house for less than half what you would spend in new York. In Iceland, all because of expensive food — you will spend for food 33%, and the products — by 19% more than in new York. Local purchasing power here is lower than in all but one of the 15 most expensive countries.
The cost of living index: 131,39
Local purchasing power: 126,15
In Switzerland one of the highest living standards in the world — 31% higher than in new York, plus the most expensive products in the world. The rent is half what you pay in the Big Apple, but income tax can reach 40%. Tax levy even living in your own home. However, the citizens of Switzerland, at least, enjoy purchasing power, which is 26% higher than in new York.
The cost of living index: 113,70
Local purchasing power: 107,95
Rent in Norway costs twice cheaper than in the US, but food is expensive. Norway ranks third in the world at the highest prices for groceries and food in restaurants — 25% higher than in new York.
The cost of living index: 100,68
Local purchasing power: 71,40
At first glance, life on the sun the Bahamas is about the same as life in the Big Apple. However, the rental price is 65% lower, and the country is third in the world in terms of taxation.
The cost of living index: 96,56
Local purchasing power: 116,73
Completing the five most expensive countries to live in, Luxembourg has the purchasing power 16% higher than in new York. But this does not apply to restaurants — Luxembourg ranks fifth in the world most expensive food, and this is 8% more expensive than in new York.
The cost of living index: 93.30
Local purchasing power: 117,53
While living in this country is a bit cheaper, but residents enjoy much greater purchasing power than in new York, Denmark occupies the 4th place among the most expensive places in the world for the cost of meals. The prices on the menu here is 13% higher compared with the Big Apple.
The cost of living index: 91.40
Local purchasing power: 95,89
Life in Singapore is only a little less than in new York. Tenants will notice that the price of housing is 28% lower than in the Big Apple.
The cost of living index: 86,58
Local purchasing power: 107,35
The overall cost of living is 13% lower than in new York, plus Japan offers rental housing is 74% cheaper than in the Big Apple. You will pay 8% less for products and approximately 51% less for something to eat outside the home, while the purchasing power will be at least 7% higher than the new Yorkers.
The cost of living index: 86,53
Local purchasing power: of 102.30
While in Israel, the living wage is high enough, it is still 13% lower than in new York. The biggest savings are achieved at the expense of rent, which is 64% less.
The cost of living index: 85,45
Local purchasing power: 96,10
Concluding the list of 10 most expensive countries for living, Ireland is still 15% cheaper than new York. You will notice the most significant savings in leasing costs, which typically is 53% cheaper than in the Big Apple.
The cost of living index: 84,30
Local purchasing power: 122,98
Although Australia is one of the most expensive countries to live in, residents enjoy the world’s highest purchasing power. The country is ranked 5th on this indicator in providing its citizens 23% more purchasing power than new York.
The cost of living index: 83,86
Local purchasing power: 101,21
In France the high cost of living, but she is 16% cheaper compared to life in new York. You will save the most on rent, which usually 71% cheaper.
The cost of living index: 83,70
Local purchasing power: 113,01
The high cost of living in Sweden is constrained by purchasing power is 13% higher than in new York. However, this country also has one of the least acceptable tax rates and income tax is about 62%.
14. New Zealand
The cost of living index: 83,41
Local purchasing power: up 98.61
The cost of living in New Zealand almost 17% lower than in new York, although it is one of the most expensive countries to live in. Income tax is also lower than in the US, approximately 4%.
The cost of living index: 83,35
Local purchasing power: 98,91
Your life in Belgium is cheaper than in new York, especially when it comes to rent, which is 72% cheaper. However, the inhabitants of Belgium have comparable local purchasing power, which is only 1% lower than in the Big Apple.
16. South Korea
The cost of living index: 82,94
Local purchasing power: 109,36
Life in South Korea more expensive than in the US overall, but it still is 17% cheaper than new York. Rent in South Korea are particularly inexpensive, the prices are on average 77% lower than in the Big Apple.
The cost of life index: 82,69
Local purchasing power: 109,48
The Netherlands can be cheaper than new York, but don’t be fooled — live in the Netherlands is much more expensive than in the U.S. as a whole. It is also not a very favorable place for taxpayers with income tax to 52%.
The cost of living index: 81,70
Local purchasing power: 119,42
Despite the fact that Finland is one of the most expensive countries in the world, rental prices are 70% less than in the Big Apple, and the products are sold 31% cheaper. Residents also enjoy 20% more purchasing power.
The cost of living index: 81,47
Local purchasing power: 98,69
Rate of income tax of 55% is just one of the factors that make Austria an expensive country to live in. The purchasing power here is 1% lower than in new York, but the rent is 71% cheaper.
The cost of living index: 79,06
Local purchasing power: 81,07
In Italy the high cost of living — more expensive than the average in the United States. While the average cost is 21% lower than in new York city, rent is cheaper by 77% cheaper and the food — 32%.
The cost of living index: to 75.85
Local purchasing power: 108,54
UK residents pay for products is 39% less than in new York, and in General, life in this country is 24% cheaper. The British, however, pay more taxes: the income tax rate is 45%.
The cost of living index: 74,35
Local purchasing power: 125,01
Live in Germany is 25% cheaper than in new York. Germany also provides purchasing power 25% more. However, the rate of tax on income at 47.5% makes Germany one of the most taxed countries in the world.
23. United States
The cost of living index: 72,95
Local purchasing power: 127,62
Despite the fact that the USA is one of the most expensive countries to live in General in the United States to live much cheaper than in new York. In the rest of country’s average purchasing power is also 28% higher than in the Big Apple.
The cost of living index: of 72.48
Local purchasing power: 118,92
In Canada a living wage comparable to the US prices in General. However, compared with new York, Canada offers you about 70% savings on rent and food, which are cheaper by 29%. Canadians also pay 4% less income tax.
The cost of living index: 70,92
Local purchasing power: 66,24
Although in Malta the high cost of living, she still has advantages over new York: rents are lower by 71%, and the purchase of products by 40%.