Which country is the most expensive to live in?
By The Nextweb Staff The United States is the world’s most expensive place to live, according to a new ranking of the most and least expensive cities for the sake of the planet.
The US ranked the #1 spot in the latest Global Price Index, with a value of $15,058 per person.
Hong Kong comes in third place with a price tag of $9,931.
The US has been ranked No. 1 since 2013 and ranked the second-most expensive city last year, with the average cost per person being $23,716.
That is the highest of any country.
The World Economic Forum’s Global Price List, released this week, says the US is the seventh-most affordable country in the world.
According to the index, which includes data from the World Bank, the average per capita cost of living in the US rose by 7.5 percent last year to $11,074.
That means the US was the sixth most expensive country in 2017.
The United Kingdom, ranked No 8, is next on the list with a cost of $5,942 per person, followed by Canada, which sits at No. 10 at $4,072 per person per capita.
Germany, at No 8 with a $5.8 million per capita price, is also the least expensive country on the Global Price Chart.
The index uses data from 17 organizations around the world that work together to compile the data.
It measures a number of different factors such as household size, access to health care, education and transportation, as well as prices of goods and services.
The index uses the global price index to calculate a city’s price per person to account for inflation and other fluctuations.
- Mexico says US should get out of NAFTA, Mexico says no
- An earthquake in the Dallas area causes at least four deaths
- How to use CDC’s new 3D Maps for NASA’s Mars 2020 rover
- How to watch the first NBA Draft in Los Angeles: Live updates
- How to get the best out of your mobile phone with the right phone charger