Close Menu
Innovation Village | Technology, Product Reviews, Business
    Facebook X (Twitter) Instagram
    Thursday, July 24
    • About us
      • Authors
    • Contact us
    • Privacy policy
    • Terms of use
    • Advertise
    • Newsletter
    • Post a Job
    • Partners
    Facebook X (Twitter) LinkedIn YouTube WhatsApp
    Innovation Village | Technology, Product Reviews, Business
    • Home
    • Innovation
      • Products
      • Technology
      • Internet of Things
    • Business
      • Agritech
      • Fintech
      • Healthtech
      • Investments
        • Cryptocurrency
      • People
      • Startups
      • Women In Tech
    • Media
      • Entertainment
      • Gaming
    • Reviews
      • Gadgets
      • Apps
      • How To
    • Giveaways
    • Jobs
    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»LifeStyle»MoveHub shares an infographic about living costs around the world
    Cost of Living MoveHub

    MoveHub shares an infographic about living costs around the world

    0
    By Staff Writer on January 18, 2015 LifeStyle, News

    MoveHub has just released an infographic about living costs around the world.

    According to MoveHub,

    This map shows the difference in living costs around the world using figures from the world’s largest database of user contributed data about cities and countries worldwide. The Consumer Price Index, used to determine the difference in the living costs between countries takes into account the prices of groceries, transportation, restaurants and utilities.

    The CPI in the infographic is a relative indicator of a country’s living costs compared to New York. So, for instance, if a country has a CPI of 70, on average it enjoys 30% cheaper living costs compared to New York.

    For Example, Nigeria which has a CPI of between 50 and 60; on average has 40 – 50% cheaper living costs compared to New York.

    An interesting map from MoveHub reveals living costs around the world.

    Global Living Costs Map

     

    The Consumer Price Index takes into account the cost of groceries, transportation, restaurants and utilities, each containing a number of variables. The cost of groceries, for instance, is made up of the price for meat, bread, rice, eggs, fruits, vegetables and alcohol. The transportation cost includes one-way tickets, monthly passes, taxi fares, petrol prices as well as the prices of a Volkswagen Golf. The restaurant costs comprise of prices for meals in expensive, mid-range and inexpensive restaurants, as well as the prices for coffee products, alcohol and water in restaurants. The utilities costs are determined by the prices for electricity, heating, water and Internet, among the few.

    The data was collected by Numbeo, the world’s largest database of user-contributed data on costs and prices around the world.

    Related

    Cost of Living MoveHub
    Share. Facebook Twitter Pinterest LinkedIn Email
    Staff Writer
    • Website

    I am a staff at Innovation Village.

    Related Posts

    Visa launches first African data centre in South Africa

    BasiGo launches Kenya’s first electric matatu pilot on intercity routes

    Vodacom strengthens fintech lead with $460B processed in mobile money transactions

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Copyright ©, 2013-2024 Innovation-Village.com. All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.