Numbeo has released its annual standing of the world's most expensive cities to live in compared to New York. With analyzing 565 cities in all over the world, the survey found that the Hamilton, Bermuda is 42% higher than the median, which is New York's cost of living.
In Hamilton, the estimated cost of meals in an inexpensive restaurant eat outs can go around $32.50, while a meal for two people in a mid-range restaurant in three courses would reach $120. Hamilton has the 'Most Expensive Meal in Inexpensive Restaurants in the World' out of 586 cities.
Moreover, Hamilton city stands at 1st place in Most Expensive Apartment for three-bedroom lodging in City Centre as rent per month with $6,642.86 worth of spending. Also, the city ranks 1st in the index for having the Most Expensive Gasoline, with having $2.02 per liter.
Next to the Bermudas are three Swiss cities of Geneva, Basel, and Zurich with indices of 130.46, 128.30 and 125.25 respectively. Five Italian cities followed with Cuneo leading Ferrara, Perugia, Venice and Reggio Nell'emilia. They have indices of 121.46 and 117.94.
Perhaps Switzerland has the highest expensive cities with three more metropolitans of Bern, Lausanne and Zug took the 10th and 12th place. If not for Iceland's Reykjavik city, the Swiss might have a streak but fell in for the 14th and 15th place. Norway's cities of Stavanger, Tromso, Trondheim, Oslo, and Bergen are placed in 15th to 20th standings.
The top three cities with the lowest cost of living are in India, namely Thiruvananthapuram, Madurai and Mangalore which are 78% to 80% less than New York City.
According to the site, the cost of Living Index is a comparative statistics of 'consumer goods price which includes groceries, restaurants, transportation and utilities.' However, the index doesn't incorporate housing costs like rent or mortgage.
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