As of mid-2024, Montevideo ranked as the second Latin American and Caribbean metropolis with the highest cost of living index. The Uruguayan capital obtained an index score of 54.1, only second to Port of Spain, in Trinidad and Tobago, with 56.4 points. Monterrey and Panama City were the third and fourth most expensive cities to live in Latin America and the Caribbean that year, with scores surpassing 45 points each.
Zurich, Lausanne, and Geneva were ranked as the most expensive cities worldwide with indices of ************************ Almost half of the 11 most expensive cities were in Switzerland.
The graph shows the world's most expensive cities to live, compared to New York City. Zurich is with a value of 170 the most expensive city to live.
Damascus in Syria was ranked as the least expensive city worldwide in 2023, with an index score of ** out of 100. The country has been marred by civil war over the last decade, hitting the country's economy hard. Other cities in the Middle East and North Africa, such as Tehran, Tripoli, and Tunis, are also present on the list. On the other hand, Singapore and Zurich were ranked the most expensive cities in the world.
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The average for 2021 based on 165 countries was 79.81 index points. The highest value was in Bermuda: 212.7 index points and the lowest value was in Syria: 33.25 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.
Of the most populous cities in the U.S., San Jose, California had the highest annual income requirement at ******* U.S. dollars annually for homeowners to have an affordable and comfortable life in 2024. This can be compared to Houston, Texas, where homeowners needed an annual income of ****** U.S. dollars in 2024.
Addis Ababa, in Ethiopia, ranked as the most expensive city to live in Africa as of 2024, considering consumer goods prices. The Ethiopian capital obtained an index score of 46.7, followed by Harare, in Zimbabwe, with 37.4. Morocco and South Africa were the countries with the most representatives among the 15 cities with the highest cost of living in Africa.
There is more to housing affordability than the rent or mortgage you pay. Transportation costs are the second-biggest budget item for most families, but it can be difficult for people to fully factor transportation costs into decisions about where to live and work. The Location Affordability Index (LAI) is a user-friendly source of standardized data at the neighborhood (census tract) level on combined housing and transportation costs to help consumers, policymakers, and developers make more informed decisions about where to live, work, and invest. Compare eight household profiles (see table below) —which vary by household income, size, and number of commuters—and see the impact of the built environment on affordability in a given location while holding household demographics constant.*$11,880 for a single person household in 2016 according to US Dept. of Health and Human Services: https://aspe.hhs.gov/computations-2016-poverty-guidelinesThis layer is symbolized by the percentage of housing and transportation costs as a percentage of income for the Median-Income Family profile, but the costs as a percentage of income for all household profiles are listed in the pop-up:Also available is a gallery of 8 web maps (one for each household profile) all symbolized the same way for easy comparison: Median-Income Family, Very Low-Income Individual, Working Individual, Single Professional, Retired Couple, Single-Parent Family, Moderate-Income Family, and Dual-Professional Family.An accompanying story map provides side-by-side comparisons and additional context.--Variables used in HUD's calculations include 24 measures such as people per household, average number of rooms per housing unit, monthly housing costs (mortgage/rent as well as utility and maintenance expenses), average number of cars per household, median commute distance, vehicle miles traveled per year, percent of trips taken on transit, street connectivity and walkability (measured by block density), and many more.To learn more about the Location Affordability Index (v.3) visit: https://www.hudexchange.info/programs/location-affordability-index/. There you will find some background and an FAQ page, which includes the question:"Manhattan, San Francisco, and downtown Boston are some of the most expensive places to live in the country, yet the LAI shows them as affordable for the typical regional household. Why?" These areas have some of the lowest transportation costs in the country, which helps offset the high cost of housing. The area median income (AMI) in these regions is also high, so when costs are shown as a percent of income for the typical regional household these neighborhoods appear affordable; however, they are generally unaffordable to households earning less than the AMI.Date of Coverage: 2012-2016 Date Released: March 2019Date Downloaded from HUD Open Data: 4/18/19Further Documentation:LAI Version 3 Data and MethodologyLAI Version 3 Technical Documentation_**The documentation below is in reference to this items placement in the NM Supply Chain Data Hub. The documentation is of use to understanding the source of this item, and how to reproduce it for updates**
Title: Location Affordability Index - NMCDC Copy
Summary: This layer contains the Location Affordability Index from U.S. Dept. of Housing and Urban Development (HUD) - standardized household, housing, and transportation cost estimates by census tract for 8 household profiles.
Notes: This map is copied from source map: https://nmcdc.maps.arcgis.com/home/item.html?id=de341c1338c5447da400c4e8c51ae1f6, created by dianaclavery_uo, and identified in Living Atlas.
Prepared by: dianaclavery_uo, copied by EMcRae_NMCDC
Source: This map is copied from source map: https://nmcdc.maps.arcgis.com/home/item.html?id=de341c1338c5447da400c4e8c51ae1f6, created by dianaclavery_uo, and identified in Living Atlas. Check the source documentation or other details above for more information about data sources.
Feature Service: https://nmcdc.maps.arcgis.com/home/item.html?id=447a461f048845979f30a2478b9e65bb
UID: 73
Data Requested: Family income spent on basic need
Method of Acquisition: Search for Location Affordability Index in the Living Atlas. Make a copy of most recent map available. To update this map, copy the most recent map available. In a new tab, open the AGOL Assistant Portal tool and use the functions in the portal to copy the new maps JSON, and paste it over the old map (this map with item id
Date Acquired: Map copied on May 10, 2022
Priority rank as Identified in 2022 (scale of 1 being the highest priority, to 11 being the lowest priority): 6
Tags: PENDING
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Germany - Housing cost overburden rate: Cities was 13.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Housing cost overburden rate: Cities - last updated from the EUROSTAT on June of 2025. Historically, Germany - Housing cost overburden rate: Cities reached a record high of 19.80% in December of 2012 and a record low of 11.40% in December of 2020.
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Poland - Housing cost overburden rate: Cities was 5.70% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Poland - Housing cost overburden rate: Cities - last updated from the EUROSTAT on July of 2025. Historically, Poland - Housing cost overburden rate: Cities reached a record high of 12.40% in December of 2012 and a record low of 5.40% in December of 2020.
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Sweden - Housing cost overburden rate: Cities was 13.20% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Sweden - Housing cost overburden rate: Cities - last updated from the EUROSTAT on July of 2025. Historically, Sweden - Housing cost overburden rate: Cities reached a record high of 14.20% in December of 2009 and a record low of 9.80% in December of 2012.
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Romania - Housing cost overburden rate: Cities was 4.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Romania - Housing cost overburden rate: Cities - last updated from the EUROSTAT on July of 2025. Historically, Romania - Housing cost overburden rate: Cities reached a record high of 16.90% in December of 2012 and a record low of 4.30% in December of 2024.
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Euro Area - Housing cost overburden rate: Cities was 10.10% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Housing cost overburden rate: Cities - last updated from the EUROSTAT on June of 2025. Historically, Euro Area - Housing cost overburden rate: Cities reached a record high of 13.50% in December of 2016 and a record low of 9.60% in December of 2009.
West Virginia and Kansas had the lowest cost of living across all U.S. states, with composite costs being half of those found in Hawaii. This was according to a composite index that compares prices for various goods and services on a state-by-state basis. In West Virginia, the cost of living index amounted to **** — well below the national benchmark of 100. Virginia— which had an index value of ***** — was only slightly above that benchmark. Expensive places to live included Hawaii, Massachusetts, and California. Housing costs in the U.S. Housing is usually the highest expense in a household’s budget. In 2023, the average house sold for approximately ******* U.S. dollars, but house prices in the Northeast and West regions were significantly higher. Conversely, the South had some of the least expensive housing. In West Virginia, Mississippi, and Louisiana, the median price of the typical single-family home was less than ******* U.S. dollars. That makes living expenses in these states significantly lower than in states such as Hawaii and California, where housing is much pricier. What other expenses affect the cost of living? Utility costs such as electricity, natural gas, water, and internet also influence the cost of living. In Alaska, Hawaii, and Connecticut, the average monthly utility cost exceeded *** U.S. dollars. That was because of the significantly higher prices for electricity and natural gas in these states.
This table contains data on the percent of households paying more than 30% (or 50%) of monthly household income towards housing costs for California, its regions, counties, cities/towns, and census tracts. Data is from the U.S. Department of Housing and Urban Development (HUD), Consolidated Planning Comprehensive Housing Affordability Strategy (CHAS) and the U.S. Census Bureau, American Community Survey (ACS). The table is part of a series of indicators in the [Healthy Communities Data and Indicators Project of the Office of Health Equity] Affordable, quality housing is central to health, conferring protection from the environment and supporting family life. Housing costs—typically the largest, single expense in a family's budget—also impact decisions that affect health. As housing consumes larger proportions of household income, families have less income for nutrition, health care, transportation, education, etc. Severe cost burdens may induce poverty—which is associated with developmental and behavioral problems in children and accelerated cognitive and physical decline in adults. Low-income families and minority communities are disproportionately affected by the lack of affordable, quality housing. More information about the data table and a data dictionary can be found in the Attachments.
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Kazakhstan Cost of Living: Average per Capita: City: Almaty data was reported at 32,029.000 KZT in Oct 2018. This records a decrease from the previous number of 32,475.000 KZT for Sep 2018. Kazakhstan Cost of Living: Average per Capita: City: Almaty data is updated monthly, averaging 15,920.000 KZT from Oct 2000 (Median) to Oct 2018, with 217 observations. The data reached an all-time high of 32,640.000 KZT in Aug 2018 and a record low of 4,577.000 KZT in Oct 2000. Kazakhstan Cost of Living: Average per Capita: City: Almaty data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.H012: Cost of Living: Average per Capita.
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Kazakhstan Cost of Living: Average per Capita: City: Shymkent data was reported at 26,400.000 KZT in Oct 2018. This records an increase from the previous number of 26,207.000 KZT for Sep 2018. Kazakhstan Cost of Living: Average per Capita: City: Shymkent data is updated monthly, averaging 26,195.000 KZT from Jun 2018 (Median) to Oct 2018, with 5 observations. The data reached an all-time high of 26,400.000 KZT in Oct 2018 and a record low of 24,740.000 KZT in Jul 2018. Kazakhstan Cost of Living: Average per Capita: City: Shymkent data remains active status in CEIC and is reported by The Agency of Statistics of the Republic of Kazakhstan. The data is categorized under Global Database’s Kazakhstan – Table KZ.H012: Cost of Living: Average per Capita.
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Finland - Housing cost overburden rate: Cities was 7.70% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Finland - Housing cost overburden rate: Cities - last updated from the EUROSTAT on July of 2025. Historically, Finland - Housing cost overburden rate: Cities reached a record high of 7.80% in December of 2023 and a record low of 5.10% in December of 2012.
As of September 2024, Mumbai had the highest cost of living among other cities in the country, with an index value of ****. Gurgaon, a satellite city of Delhi and part of the National Capital Region (NCR) followed it with an index value of ****. What is cost of living? The cost of living varies depending on geographical regions and factors that affect the cost of living in an area include housing, food, utilities, clothing, childcare, and fuel among others. The cost of living is calculated based on different measures such as the consumer price index (CPI), living cost indexes, and wage price index. CPI refers to the change in the value of consumer goods and services. The wage price index, on the other hand, measures the change in labor services prices due to market pressures. Lastly, the living cost indexes calculate the impact of changing costs on different households. The relationship between wages and costs determines affordability and shifts in the cost of living. Mumbai tops the list Mumbai usually tops the list of most expensive cities in India. As the financial and entertainment hub of the country, Mumbai offers wide opportunities and attracts talent from all over the country. It is the second-largest city in India and has one of the most expensive real estates in the world.
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Living Cost: Average per Month: CF: City of Moscow data was reported at 17,740.000 RUB in Dec 2020. This records a decrease from the previous number of 18,029.000 RUB for Sep 2020. Living Cost: Average per Month: CF: City of Moscow data is updated quarterly, averaging 9,158.000 RUB from Sep 2001 (Median) to Dec 2020, with 78 observations. The data reached an all-time high of 18,029.000 RUB in Sep 2020 and a record low of 2,295.000 RUB in Sep 2001. Living Cost: Average per Month: CF: City of Moscow data remains active status in CEIC and is reported by Federal State Statistics Service. The data is categorized under Russia Premium Database’s Household Survey – Table RU.HF001: Living Cost.
As of mid-2024, Montevideo ranked as the second Latin American and Caribbean metropolis with the highest cost of living index. The Uruguayan capital obtained an index score of 54.1, only second to Port of Spain, in Trinidad and Tobago, with 56.4 points. Monterrey and Panama City were the third and fourth most expensive cities to live in Latin America and the Caribbean that year, with scores surpassing 45 points each.