European capitals top the list of most expensive cities; See ranking

Posted on 06/20/2022 12:05

(Credit: Breeding / Lisbon Tourism)

Study Cost of Living Crisis: How big is the outflow and inflow gap around the world? (Cost of living crisis: How big is the difference between payments and receipts worldwide ?, in free translation) Shows the cities with the highest cost of living in the world. To create the rankings, the research used the calculation of deducting the value of renting an apartment from the average salary. The lower the reserve, the higher the cost of living in the city.

Using Lisbon as an example, the study shows that it costs about € 1,377 to rent a three-bedroom city center apartment. The average monthly salary is € 878 and the cost of living is around 475. The final value is a negative balance of € 974, equivalent to R $ 5307.12 at the current euro exchange rate.

In this ranking, there are ten most expensive cities, 5 in Europe, 4 in Latin America and one in Asia.

The study also shows which cities have the lowest cost of living. The list includes 7 cities in the United Kingdom, one in Australia, one in the United States and one in Switzerland. Bern, the capital of Switzerland, is the cheapest place to live with a positive balance of $ 1208, equivalent to R $ 6582.13.

Check out the listings below:

Cheapest cities in the world to live in

1. Bern – Switzerland
2. Derby – United Kingdom
3. Coventry – United Kingdom
4. Canberra – Australia
5. Stoke-on-Trent – United Kingdom
6. Washington – USA
7. Glasgow – United Kingdom
8. Cardiff – United Kingdom
9. Leicester – United Kingdom
10. Wolverhampton – United Kingdom

The most expensive cities to live in in the world

1. Rome Italy
2. London, United Kingdom
3. Lisbon, Portugal
4. Mexico City – Mexico
5. Paris, France
6. Seoul – South Korea
7. Dublin – Ireland
8. Santiago – Chile
9. San Jose – Costa Rica
10. Bogota – Colombia