Rising rents, rising house prices and everyday supermarket consumption comparable to highway robberies have all provoked public outrage.
In the past (a long time ago), the weekly rent can still give you a pretty good social life, there are still some savings for you to enjoy traveling regularly, but now we seem doomed to spend every waking moment at work so that we can have a comfortable place to sleep at night, or even eat some homemade butter bread in the morning (of course, every time we take a week of avocado).
Although these problems seem to be just what we need to endure in Australia, they are actually much more common, and wherever you are, when you complain about how expensive things are, you find common anger with your neighbors.
Fortunately, the recent release of CEO World Magazine`s annual assessment of the world`s most expensive countries - and the cheapest - helped you make the decision to move, and gave your frequently abused savings account a little breather.
These data were collected from numerous studies and evaluated, where they analyzed the consumer price index, the Numbeo cost of living index, and many domestic and international reports. CEO World Magazine then assessed a range of cost-of-living factors, including transportation, clothing, accommodation, the Internet, utilities, groceries and dining out.
The final ranking is based on five main indicators: cost of living, rent, groceries, dining out, and purchasing power. The data are then compiled into an index, using the notoriously expensive city of New York as a benchmark, with a given index score of 100. Thus, countries with scores higher than 100 have higher cost of living than New York, and vice versa.
Switzerland is the most expensive country in the world, according to the report. Norway was second, followed by Iceland, Japan, Denmark, the Bahamas, Luxembourg, Israel, Singapore and South Korea. Fortunately, Australia ranks 16th on the list with a cost-of-living index of 73.54. And our rent index is 50.25 less than that of Switzerland, only 34.86.
If you plan to move this year, you`d better refer to the list to see how much money you need to save in the bank. The following are the 10 countries with the highest cost of living in the world in 2020.
