Cost of living has been a major concern for many people worldwide due to rising inflation and higher pricing for consumer items. Let's take a look at the comparisons in the cost of living around various parts of the world.
From city to city, the amount of money required to cover daily costs like rent and food varies substantially. Additionally, some cities, such as New York City, are renowned for having particularly high housing costs.
In light of this, how expensive are daily expenses in New York City in comparison to locales like Bangalore, India, or Beirut, Lebanon?
This chart by Victor Dépré (hypntic.data) compares the cost of living and purchasing power in 578 various places throughout the globe utilizing statistics from 2022 from Numbeo, using New York City as a baseline for comparison.
The Cost of Living Index
Although New York City is renowned for being one of the most expensive cities in the world, as Carmen Ang of Visual Capitalist explains below, there se...