by Art Piccio . February 4th, 2015
Using figures from Numbeo, the world’s largest database of user-contributed data, Movehub created this infographic comparing the cost of living in major cities worldwide.
How to read this infographic:
The infographic compares costs of living in different countries versus the Consumer Price Index in New York.
Example: If a country is indicated to have a CPI of 90, it has a median living cost 10% cheaper than NYC.
The Bureau of Labor Statistics (BLS) classifies common expenses into more than 200 categories. These categories in turn are arranged into eight groups. Major groups and a few examples of categories below:
These groups and categories can change from time to time and don’t include such expenses as income and Social Security taxes and expenses related to savings and investment items such as stocks, bonds, real estate, and life insurance, as these do not tend to represent day-to-day expenses.
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Arthur Piccio manages YouTheEntrepreneur and has managed content for major players in the online printing industry. He was previously BizSugar's contributor of the week. His work has appeared multiple times on The New York Times' You're the Boss Small Business Blog. He enjoys guitar maintenance and reading up on history and psychology in his spare time.