The Cost of Living Index – Mid 2024

Numbeo is the world’s largest cost of living database. Numbeo is also a crowd-sourced global database of quality of life data: housing indicators, perceived crime rates, healthcare quality, transport quality, and other statistics. So from time to time we like to check in on their data to understand the relative quality of life in global cities.

The cost of living indices provided on Numbero are relative to New York City (NYC), with a baseline index of 100% for NYC. 

Here’s a breakdown of each index and its meaning:

  1. Cost of Living Index (Excl. Rent): This index indicates the relative prices of consumer goods like groceries, restaurants, transportation, and utilities. It excludes accommodation expenses such as rent or mortgage. For instance, a city with a Cost of Living Index of 120 is estimated to be 20% more expensive than New York City (excluding rent).
  2. Rent Index: This index estimates the prices of renting apartments in a city compared to New York City. If the Rent Index is 80, it suggests that the average rental prices in that city are approximately 20% lower than those in New York City.
  3. Groceries Index: This index provides an estimation of grocery prices in a city relative to New York City. Numbeo uses item weights from the “Markets” section to calculate this index for each city.
  4. Restaurants Index: This index compares the prices of meals and drinks in restaurants and bars to those in NYC.
  5. Cost of Living Plus Rent Index: This index estimates consumer goods prices, including rent, in comparison to New York City.
  6. Local Purchasing Power: This index indicates the relative purchasing power in a given city based on the average net salary. A domestic purchasing power of 40 means that residents with an average salary can afford, on average, 60% less goods and services compared to residents of New York City with an average salary.
RankCityCost of Living IndexRent IndexCost of Living Plus Rent IndexGroceries IndexRestaurant Price IndexLocal Purchasing Power Index
1Geneva, Switzerland101.759.681.5111.4101.5152.2
2Zurich, Switzerland100.453.577.9105.9102.8181.2
3New York, NY, United States100.0100.0100.0100.0100.0100.0
4San Francisco, CA, United States90.577.984.5101.888.2162.1
5Boston, MA, United States85.871.278.896.982.5128.3
6Reykjavik, Iceland83.942.163.891.189.3104.9
7Washington, DC, United States82.567.575.384.483.7132.6
8Seattle, WA, United States81.558.270.385.278.0162.0
9Los Angeles, CA, United States80.962.972.285.288.6122.9
10Chicago, IL, United States80.256.268.789.683.2126.3
11San Diego, CA, United States79.867.974.177.974.8142.3
12Canberra, Australia79.339.860.381.381.5104.0
13London, United Kingdom78.768.773.966.381.2115.3
14Oslo, Norway78.432.556.484.076.2114.7
15Portland, OR, United States78.443.661.785.566.1140.2
16Tampa, FL, United States78.046.963.184.473.9145.7
17Miami, FL, United States77.069.173.277.882.4105.1
18Singapore, Singapore76.767.272.174.650.4111.1
19Denver, CO, United States76.651.864.779.670.0129.7
20Adelaide, Australia76.032.555.180.679.8109.3
21Atlanta, GA, United States75.743.860.483.373.9168.1
22Copenhagen, Denmark75.740.158.667.786.7123.7
23Paris, France73.640.557.780.169.897.5
24Sydney, Australia73.451.562.979.961.7118.5
25Espoo, Finland73.126.950.973.678.6105.3
26Victoria, Canada72.141.857.683.966.979.5
27Hong Kong, Hong Kong (China)70.859.465.384.646.2109.3
28Dallas, TX, United States70.549.460.470.768.1159.1
29Wellington, New Zealand70.337.954.776.761.688.4
30Edinburgh, United Kingdom69.936.854.067.670.9111.6
31Amsterdam, Netherlands69.749.860.261.476.0112.2
32Perth, Australia69.634.152.576.362.3140.8
33Calgary, Canada69.533.752.374.862.3124.1
34Dublin, Ireland69.352.661.360.974.5100.8
35Vancouver, Canada69.150.660.279.766.798.1
36Tel Aviv-Yafo, Israel69.138.854.665.479.799.1
37Cork, Ireland68.640.054.965.167.0105.5
38Phoenix, AZ, United States68.539.754.769.168.6148.8
39Las Vegas, NV, United States68.537.853.769.168.1142.4
40Brisbane, Australia67.936.552.874.360.1135.2
41Munich, Germany67.839.154.062.964.1111.7
42Melbourne, Australia67.836.152.674.062.3142.8
43Auckland, New Zealand67.732.150.774.560.2127.8
44Halifax, Canada67.533.951.475.959.392.7
45Hamburg, Germany67.426.547.863.363.4116.7
46Milan, Italy67.438.153.365.767.860.4
47Ottawa, Canada66.933.450.870.469.3110.8
48Austin, TX, United States66.853.960.669.766.3166.0
49Brussels, Belgium66.629.048.666.268.4105.0
50Toronto, Canada66.345.256.270.566.7107.6