Wednesday, August 10, 2011

It’s Getting Pricier to Live! - 2011 Worldwide Cost of Living

Surveys and reports for 2011 worldwide cost of living are published!

Unfortunately, the findings did not provide us with good news. Generally speaking, cost of living gets higher each year especially due to recent oil price hikes and severe and abnormal weather conditions. Below are summarized findings using the main data obtained from Mercer, LLC., and supplemental information from both CNN and Economist Intelligence Unit (EIU).

To battle the rapid rise of cost of living and business expenses, we should all be looking around for deals and cuts to our non-essential expenses. One way for our readers to save some money and spend towards the essential items is to cut the costs of printing. You can visit us at www.toner-spot.com to see if we can help you cut the costs of printing without sacrificing quality.


Top 50 most expensive cost of living cities 2011:



Source:
Worldwide Cost of Living Survey 2011 – City Rankings. Mercer. July 12th, 2011. Data obtained on August 4th, 2011 from http://www.mercer.com/press-releases/1311145

As for the cheapest cost of living cities 2011, most of them are from the eastern hemisphere. Below are the five places extracted from the EIU survey result:

New Delhi (India)


Tehran (Iran)


Mumbai (India)
Tunis (Tunisian Republic)
Karachi (Pakistan)


CNN has a great video clip explaining the some of the reasons for increased cost of living in 2011:




To give you some ideas regarding the cost of living differences, below are a couple interesting comparisons provided by CNN:

An average loaf of bread costs –

$7.61 US in Moscow
$7.42 US in Tokyo
$6.06 US in New York
$2.36 US in London

An average pack of cigarettes costs –
$15.11 US in Oslo
$10.79 US in London
$8.99 US in New York
$1.85 in Moscow

Source:
Shanghai Now More Expensive than New York. CNN International. July 7th, 2011. Obtained on August 4th, 2011 from http://www.cnngo.com/explorations/life/shanghai-now-more-expensive-new-york-307238

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