We’ve all heard the story-worthy dream before — ditch the small, quaint town for the big, bustling city and live the glamorous life. But when monthly rent costs you $4,250 and public transportation for the month comes in at about $215, is the glamorous life still really worth it? If you still say yes, one of these cities might be the home for you.
According to a team at Expatistan, which calculated a “cost of living index” (see below for more) for hundreds of global cities, these wallet-busting metros are the most expensive based on their current costs of housing, clothes, transportation, medicine and food.
And while they do have their perks, ranging from affordable health care to gorgeous landmarks like Central Park, they’ll certainly cost you a pretty penny along the way.
According to their website, “Expatistan is a cost of living calculator that allows you to compare the cost of living between cities around the world. The comparisons allow you to get a better understanding of the cost of living of any city before you move there. To calculate each cities’ Cost of Living Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Once the reference point has been stablished, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. Therefore, if a city has a Price Index of 134, that means that living there is 34 percent more expensive than living in Prague.”
Originally posted 2015-01-07 17:24:37.