World countries ranking by cost of living 2020

You can sigh about the high cost of living while being in a remote Russian village and sitting in a fashionable hotel in New York. Of course, in the second case it is more pleasant to do it, but here's how it goes. The CEOWORLD magazine found out in which countries of the world complaints that living has become very expensive can most often be heard.

He combined various studies and data sets, such as the Numbeo Cost of Living Index, as well as a range of cost indicators (rent, grocery costs, eating out, etc.). The notoriously expensive city of New York was used as a benchmark, which was assigned an index of 100 points.

As a result, a ranking of countries in the world by the cost of living in 2020 was compiled, which we present to your attention.

The most expensive and cheapest countries to live in 2020

10 most expensive countries in the world

10.South Korea

Country with one of the most powerful armies in the world has a very high cost of living. But it is quite possible to live there “on one salary”, and not survive. The minimum monthly wage in South Korea is about 1.5 million won (83,928 rubles).

This is even more than a family of two with an average consumption level needs, excluding rental costs. And renting a one-bedroom apartment in the city center will cost, in terms of rubles, about 39,266 thousand.

Renting a home in South Korea has an interesting feature: the higher the mortgage, the lower the rent. Ideally, you can pay about 90% of the cost of housing and then pay only utility bills throughout the rent.

Medical services and higher education in Korea are not cheap, for example, a doctor's appointment costs 30,000 won (1,600 rubles), and a year's tuition at a state university will cost at least 2.6 million won (139,243 rubles). However, in Russia such services are not much cheaper, but salaries in our country are much lower.

9.Singapore

This small state is the second most expensive country in Asia. The cost of renting public housing, on average, is 3000 Singapore dollars (137,177 rubles) for a three-room apartment near the city, another 150-600 Singapore dollars (6,858-22,862 rubles) will cost a communal apartment.

If you are used to eating in good restaurants, prepare to pay as much for it in Singapore as for utilities. Buying and preparing food on your own or eating in a cafe is relatively cheap (5-7 Singapore dollars or about 300 rubles). According to travelers, the monthly expenses for Singapore transport are 150 Singapore dollars or 6 858 rubles.

And the minimum wage in Singapore is about 6,000 Singapore dollars - 274,354 rubles.

8. Israel

According to Numbeo, the cost of living in Israel is 14.58% higher than in the United States (rent not included). However, rental housing in Israel is 21.52% lower than in the United States. A furnished two-room apartment in an inexpensive area can be rented for 600 shekels or 11 146 rubles at the current exchange rate. Basic medical insurance is inexpensive (about 400 rubles per month in terms of rubles), but food, going to a cafe or restaurant is not cheap.

Lunch in a small restaurant will cost an Israeli about 100 shekels (1,855 rubles), and a half-liter bottle of water costs 10 shekels (180 rubles). The most expensive products are meat and sausages.

The monthly salary in Israel starts at 10,900 shekels or 202,492 rubles.

7. Luxembourg

The cost of living in Luxembourg is more expensive than in 81% of Western European cities. Therefore, thrifty people who decide to visit this small country, it is better to get ready to eat in fast foods, because the average bill for two in a "average hand" restaurant will cost an average of 80.12 euros or 5,543 rubles.

Food products in stores will also unpleasantly surprise an ordinary Russian with their prices. For example, a loaf of white bread in Luxembourg costs 1.78 euros or 123 rubles, and a chicken fillet costs 11.67 euros or 806 rubles.

But all this is not so scary for the average Luxembourgish resident, given that the minimum wage for an unskilled worker is 2,071.10 euros (143,144 rubles) per month, and for a qualified worker - 2,485.32 euros (171,772 rubles).

6. Bahamas

Sun-drenched and lush green Bahamas is one of Top Travel Destinations 2020... But to hold out there for at least a month, a family of 2 people with small requests will need about 105,743 rubles.

Food in the Bahamas is one of the most expensive in the world. For example, a 0.33-liter bottle of water costs 112 rubles. in terms of rubles, while the world average is 65 rubles. And if you want to cook something from a kilogram of beef, get ready to shell out 977 rubles, while in other countries, on average - 679 rubles.

The high cost of consumer goods is explained by the fact that most of them are imported into the country. And the regular flow of wealthy tourists encourages local businessmen to raise prices.

The monthly minimum wage in the Bahamas is 2,000 Bahamian dollars or 126,382 rubles.

5. Denmark

According to Numbeo, the cost of living in Copenhagen, Denmark's capital, is just 14.44% lower than benchmark-expensive New York, while the cost of living in Aarhus, Denmark's second largest city, is 19.38% lower. than New York.

However, the prices on the restaurant menu make Denmark one of the most expensive gourmet countries.

But even Danes, who receive the minimum wage, can afford to go to a restaurant a couple of times a month. After all, they receive over 2,000 euros (137,685 rubles) in their hands.

Real estate in Denmark is very expensive, even buying a budget apartment will cost about 100 thousand euros.Even in this country there are very high taxes on car ownership, because of which the means of transportation familiar to Russians turns into an inaccessible luxury for many Danes. But at every step you will meet cyclists.

4. Japan

Japan leads many country ratings, there are many large cities, such as Osaka, Nagoya and Sapporo, but the largest and perhaps the most famous is the capital of the country - Tokyo. This fame imposes certain financial inconveniences for those who wish to rent an apartment in the city. Thus, a one-bedroom apartment in Tokyo will cost 150,731 Japanese yen or 86,570 rubles.

Food fluctuates in price from city to city, but on average, a meal will cost 1,650 yen (950 rubles) per person and about 660 yen (380 rubles) for a beer or coffee.

And the minimum wage for the Japanese is 151,493 yen (or 87,013 rubles) per month.

3. Iceland

Iceland's population (339,949) remains relatively low compared to other countries on our list. As a result, this small state has the lowest population density (3 people per kilometer) of any country in Europe.

A stay in Iceland will cost around ISK 156,356 (RUB 77,861) per month for a one-bedroom studio apartment in the capital Reykjavik. And to sit in a cafe with a cup of coffee or beer you will have to pay 2,530 kroons or 1,259 rubles.

And although there is no legal minimum wage in Iceland, it is possible to roughly determine the lower wage threshold in the country. It is 280,000 Icelandic kronor or 140,750 rubles.

2. Norway

The 171st most populous country on Earth, home to about 14 people per square kilometer, has very expensive rentals. For example, renting a one-bedroom studio apartment in Oslo will cost you about NOK 11,057 (RUB 76,284) per month.

And even if you decide not to chic, choosing the cheapest apartment and will not visit cafes and restaurants, various products will also cost a pretty penny. If the average 0.33 liter bottle of water costs 65 rubles in the world, in terms of our currency, then in Norway it costs 171 rubles. A kilo of beef - 1,651 rubles or 239 Norwegian kroner.

Are Norwegians on a starvation diet, counting their last coins until payday with a trembling hand? Hardly. Although the country has the second highest cost of living, it is also famous for its high salaries. The minimum monthly threshold is from about 35,000 NOK or 242,438 rubles.

1. Switzerland

With more than 8.6 million inhabitants, Switzerland is the 95th most populous country in the world and the first most expensive to live in 2020.

Switzerland has very high rental and food prices. Thus, a monthly stay in Bern for one person will cost around 1,331 Swiss francs or 86,119 rubles.

A modest trip to a cafe will cost 14-20 francs (945-1260 rubles), and with an additional glass of beer it will rise in price by another 5 francs (315 rubles).

But the Swiss are not starving, because their country is considered one of the best in the world in terms of salaries. There is no legally established minimum wage, the national average is 6,257 Swiss francs or 409,004 rubles.

Russia's place in the ranking of countries by the cost of living in 2020

Our country ranks 82nd on the list, and its closest neighbors are Poland and the South African Republic of Botswana.

Life is even cheaper in Belarus (101st place out of 132) and Ukraine - 107th place in the rating.

The cheapest countries to live in 2020

At the other end of the list is Pakistan, which was ranked as the least expensive country in the world to live in. Followed by:

• Afghanistan
• India
• Syria
• Uzbekistan
• Kyrgyzstan
• Tunisia
• Venezuela
• Kosovo
• Georgia