Singapore and New York were ranked as the most expensive cities worldwide with an index of 100 out of a possible 100. Three of the 11 most expensive cities were in the United States, whereas two were in Switzerland.

Damascus in Syria was ranked as the least expensive city worldwide in 2023, with an index score of 13 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. Buenos Aires is the Latin American city with the highest costs of living, as Argentina has recently faced an economic crisis and rapidly rising inflation. On the other hand, Singapore and Zurich were ranked the most expensive cities in the world.

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.

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 84.8 - well below the national benchmark of 100. Nevada - which had an index value of 100.1 - 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 427,000 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 200,000 U.S. dollars. That makes living costs in these states significantly lower than in states such as Hawaii and California, where housing is much more expensive. 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 500 U.S. dollars. That was because of the significantly higher prices for electricity and natural gas in these states.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for St. Louis city, MO (MWACL29510) from 2009 to 2023 about St. Louis City, MO; St. Louis; adjusted; MO; average; wages; real; and USA.

As of September 2024, Mumbai had the highest cost of living among other cities in the country, with an index value of 26.5. Gurgaon, a satellite city of Delhi and part of the National Capital Region (NCR) followed it with an index value of 25.1.  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.

Living Cost: Labour Force: Average per Month: NW: City of St Petersburg data was reported at 13,074.000 RUB in Dec 2020. This records an increase from the previous number of 12,826.000 RUB for Sep 2020. Living Cost: Labour Force: Average per Month: NW: City of St Petersburg data is updated quarterly, averaging 6,800.000 RUB from Mar 2002 (Median) to Dec 2020, with 76 observations. The data reached an all-time high of 13,074.000 RUB in Dec 2020 and a record low of 2,403.000 RUB in Mar 2002. Living Cost: Labour Force: Average per Month: NW: City of St Petersburg 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.HF002: Living Cost: Labour Force.

Living Cost: Children: Average per Month: NW: City of St Petersburg data was reported at 11,608.000 RUB in Dec 2020. This records an increase from the previous number of 11,391.000 RUB for Sep 2020. Living Cost: Children: Average per Month: NW: City of St Petersburg data is updated quarterly, averaging 5,379.500 RUB from Mar 2002 (Median) to Dec 2020, with 76 observations. The data reached an all-time high of 11,608.000 RUB in Dec 2020 and a record low of 1,938.000 RUB in Mar 2002. Living Cost: Children: Average per Month: NW: City of St Petersburg 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.HF004: Living Cost: Children.

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

This table contains data on the living wage and the percent of families with incomes below the living wage for California, its counties, regions and cities/towns. Living wage is the wage needed to cover basic family expenses (basic needs budget) plus all relevant taxes; it does not include publicly provided income or housing assistance. The percent of families below the living wage was calculated using data from the Living Wage Calculator and the U.S. Census Bureau, American Community Survey. The table is part of a series of indicators in the Healthy Communities Data and Indicators Project of the Office of Health Equity. The living wage is the wage or annual income that covers the cost of the bare necessities of life for a worker and his/her family. These necessities include housing, transportation, food, childcare, health care, and payment of taxes. Low income populations and non-white race/ethnic have disproportionately lower wages, poorer housing, and higher levels of food insecurity. More information about the data table and a data dictionary can be found in the About/Attachments section.

Of the most populous cities in the U.S., San Jose, California had the highest annual income requirement at 288,953 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 87,991 U.S. dollars in 2024.

1,963 (Rubles per month) in 2016. Indicator is calculated as housing and utilities services costs estimated on the basis of economically feasible tariffs to the number of housing stock habitants divided by the number of months in the reporting period.

Living Cost: Average per Month: SF: City of Sevastopol data was reported at 11,396.000 RUB in Dec 2020. This records a decrease from the previous number of 11,494.000 RUB for Sep 2020. Living Cost: Average per Month: SF: City of Sevastopol data is updated quarterly, averaging 10,052.000 RUB from Sep 2014 (Median) to Dec 2020, with 26 observations. The data reached an all-time high of 11,538.000 RUB in Jun 2019 and a record low of 5,728.000 RUB in Sep 2014. Living Cost: Average per Month: SF: City of Sevastopol 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.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Honolulu County/city, HI (MWACL15003) from 2009 to 2023 about Honolulu County/City, HI; Honolulu; HI; adjusted; average; wages; real; and USA.

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.

Graph and download economic data for Estimated Mean Real Household Wages Adjusted by Cost of Living for Johnson County, IA (MWACL19103) from 2009 to 2023 about Johnson County, IA; Iowa City; adjusted; IA; average; wages; real; and USA.

Living Cost: Children: Average per Month: CF: City of Moscow data was reported at 15,267.000 RUB in Dec 2020. This records a decrease from the previous number of 15,582.000 RUB for Sep 2020. Living Cost: Children: Average per Month: CF: City of Moscow data is updated quarterly, averaging 7,845.500 RUB from Sep 2001 (Median) to Dec 2020, with 78 observations. The data reached an all-time high of 15,582.000 RUB in Sep 2020 and a record low of 2,246.000 RUB in Sep 2001. Living Cost: Children: 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.HF004: Living Cost: Children.

Annual indexes of price differences between 15 cities in all provinces and territories, as of October of the previous year, for a selection of products (goods and services) from the Consumer Price Index (CPI) purchased by consumers in each of the 15 cities. The combined city average index is 100.

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.

Population with Income per Capita below Living Cost: % of Total: CF: City of Moscow data was reported at 4.500 % in 2023. This records a decrease from the previous number of 4.800 % for 2022. Population with Income per Capita below Living Cost: % of Total: CF: City of Moscow data is updated yearly, averaging 10.300 % from Dec 1995 (Median) to 2023, with 29 observations. The data reached an all-time high of 23.600 % in 2000 and a record low of 4.500 % in 2023. Population with Income per Capita below Living Cost: % of Total: 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 Demographic and Labour Market – Table RU.GA015: Population with Income per Capita below Living Cost.