Monday, October 16, 2023

International Cost of Living October 2023

The world's most expensive cities in October 2023 shows a surge in the cost of living globally, but particularly in Europe and the United Kingdom's cost of living. The high inflation of 2022-2023 has seen real disposable income drop in more than 50% of households world-wide as salary increases have generally been much lower than inflation so far. As salary increases begin to rise, to close the cumulative gap to inflation, disposable incomes will likely remain depressed as the higher salary increases will further push up inflation and the cost of living.  

Monaco remains the most expensive city for Expats in the world with an overall Cost of Living Index (COLI), for all 13 basket groups, of 137 (New York =100) with an overall cost of living difference of 21 points higher than second placed Hong Kong.

Lagos and Abuja in Nigeria are the most expensive places in Africa. In the Americas, San Francisco and Manhattan top the rankings. In Europe, Monaco is followed by Zurich and Geneva, while in Asia Pacific, Hong Kong is closely followed by Singapore.

Country-State Cost of Living

The America's Cost of Living

Europe Cost of Living