The STC 2018 COST OF LIVING INDEX
Rank COUNTRY CITY Health Insurance Cost of Living Rent University fee U. Fee Type Annual Cost with University Annual Cost
1 India Hyderabad Public $20,376 $5,160 $2,000 Local $27,536 $25,536
2 Comoros Moroni Public $23,520 $4,200 $50 Local $27,770 $27,720
3 Colombia Cali Public $23,820 $4,032 $50 Local $27,902 $27,852
4 India Chennai Public $20,616 $5,304 $2,000 Local $27,920 $25,920
5 Tunisia Tunis Public $24,708 $4,116 $50 Local $28,874 $28,824
6 Pakistan Karachi $3,108 $20,508 $5,520 $50 Local $29,186 $29,136
7 India Kolkata Public $23,496 $5,976 $50 Local $29,522 $29,472
8 Pakistan Lahore $3,108 $22,476 $4,596 $50 Local $30,230 $30,180
9 India Bangalore Public $22,608 $7,416 $500 Local $30,524 $30,024
10 Colombia Medellin Public $26,676 $5,400 $50 Local $32,126 $32,076
11 Syria Damascus $3,108 $22,548 $3,816 $3,000 Local $32,472 $29,472
12 Moldova Chisinau Public $26,448 $5,760 $1,200 Local $33,408 $32,208
13 Algeria Algiers Public $28,776 $5,592 $50 Local $34,418 $34,368
14 India Delhi Public $24,960 $7,632 $4,000 Local $36,592 $32,592
15 Uzbekistan Tashkent $3,108 $23,520 $8,208 $2,000 Local $36,836 $34,836
16 China Changsha Public $29,256 $6,360 $2,000 Local $37,616 $35,616
17 China Shenyang Public $30,852 $5,352 $2,000 Local $38,204 $36,204
18 Albania Durres Public $33,360 $3,528 $1,500 Local $38,388 $36,888
19 China Wuhan Public $29,088 $7,356 $2,000 Local $38,444 $36,444
20 Georgia Tbilisi $3,108 $24,672 $8,004 $2,700 Local $38,484 $35,784
21 Sri Lanka Colombo Public $30,792 $8,388 $50 Local $39,230 $39,180
22 Morocco Dakhla $3,108 $25,128 $9,000 $2,000 Foreign $39,236 $37,236
23 Azerbaijan Baku $3,108 $27,372 $7,992 $900 Local $39,372 $38,472
24 China Chongqing Public $32,940 $6,048 $2,000 Local $40,988 $38,988
25 Honduras Tegucigalpa $3,108 $29,460 $6,372 $2,100 Local $41,040 $38,940
26 Ukraine Kiev $3,108 $27,108 $8,952 $2,000 Local $41,168 $39,168
27 China Chengdu Public $30,888 $8,424 $2,000 Local $41,312 $39,312
28 Nigeria Lagos $3,108 $25,764 $12,732 $250 Local $41,854 $41,604
29 Paraguay Asuncion $3,108 $27,780 $6,996 $4,000 Local $41,884 $37,884
30 China Ningbo Public $33,120 $8,172 $2,000 Local $43,292 $41,292
31 Macedonia Skopje Public $30,984 $5,460 $7,000 Foreign $43,444 $36,444
32 China Wuxi Public $32,808 $8,712 $2,000 Local $43,520 $41,520
33 Venezuela Caracas $3,108 $35,244 $5,160 $50 Local $43,562 $43,512
34 St Vincent and The Grenadines Kingstown Public $34,320 $4,440 $5,000 Local $43,760 $38,760
35 China Tianjin Public $30,912 $12,804 $50 Local $43,766 $43,716
36 Mongolia Ulaanbaatar $3,108 $29,904 $8,424 $2,600 Local $44,036 $41,436
37 Bulgaria Sofia Public $35,400 $7,776 $1,000 Local $44,176 $43,176
38 China Foshan Public $34,620 $7,872 $2,000 Local $44,492 $42,492
39 Kazakhstan Almaty Public $31,200 $7,404 $6,000 Local $44,604 $38,604
40 Saudi Arabia Riyadh Public $33,624 $10,992 $50 Local $44,666 $44,616
41 China Suzhou Public $31,656 $11,076 $2,000 Local $44,732 $42,732
42 Turkey Istanbul Public $34,272 $10,260 $250 Local $44,782 $44,532
43 Saudi Arabia Jeddah Public $35,472 $9,480 $50 Local $45,002 $44,952
44 Nicaragua Managua $3,108 $34,188 $7,596 $1,000 Local $45,892 $44,892
45 Bolivia La Paz $3,108 $34,452 $6,492 $2,000 Local $46,052 $44,052
46 Belarus Minsk $3,108 $32,592 $7,608 $3,000 Foreign $46,308 $43,308
47 Vietnam Hanoi $3,108 $32,016 $11,016 $200 Local $46,340 $46,140
48 Mexico Mexico City $3,108 $30,384 $12,480 $500 Local $46,472 $45,972
49 Iraq Baghdad $3,108 $33,216 $10,116 $50 Local $46,490 $46,440
50 China Qingdao Public $32,184 $12,456 $2,000 Local $46,640 $44,640
51 India Mumbai Public $25,176 $19,572 $2,000 Local $46,748 $44,748
52 El Salvador San Salvador $3,108 $36,108 $7,644 $200 Local $47,060 $46,860
53 China Guangzhou Public $30,612 $14,772 $2,000 Local $47,384 $45,384
54 Honduras San Pedro Sula $3,108 $35,040 $7,044 $2,400 Local $47,592 $45,192
55 Kazakhstan Astana Public $29,856 $12,192 $5,600 Local $47,648 $42,048
56 Egypt Cairo Public $25,632 $4,092 $18,000 Local $47,724 $29,724
57 Thailand Phuket Public $36,096 $10,248 $1,500 Local $47,844 $46,344
58 China Hangzhou Public $32,268 $13,620 $2,000 Local $47,888 $45,888
59 China Nanjing Public $35,064 $10,896 $2,000 Local $47,960 $45,960
60 Serbia Belgrade Public $38,268 $8,160 $2,000 Local $48,428 $46,428
61 Brazil Belo Horizonte Public $38,820 $8,256 $2,000 Local $49,076 $47,076
62 Iran Tehran $3,108 $31,740 $14,388 $50 Local $49,286 $49,236
63 Peru Lima Public $33,708 $11,616 $4,000 Local $49,324 $45,324
64 Romania Bucharest Public $37,872 $8,568 $3,000 Foreign $49,440 $46,440
65 Bangladesh Dhaka $3,108 $29,484 $5,628 $11,500 Local $49,720 $38,220
66 Montenegro Budva Public $40,824 $7,992 $1,000 Local $49,816 $48,816
67 Colombia Bogota Public $28,560 $7,968 $14,000 Local $50,528 $36,528
68 Morocco Casablanca $3,108 $30,492 $12,240 $5,300 Local $51,140 $45,840
69 Malaysia Kuala Lumpur $3,108 $33,888 $12,504 $2,000 Local $51,500 $49,500
70 Cambodia Phnom Penh $3,108 $33,408 $15,228 $50 Local $51,794 $51,744
71 Poland Warsaw Public $38,208 $13,164 $2,600 Foreign $53,972 $51,372
72 Ecuador Quito $3,108 $40,344 $9,960 $1,000 Local $54,412 $53,412
73 Indonesia Jakarta $3,108 $33,696 $17,676 $50 Local $54,530 $54,480
74 Libya Tripoli $3,108 $34,632 $13,320 $3,500 Local $54,560 $51,060
75 Brazil Brasilia Public $42,024 $11,772 $2,000 Local $55,796 $53,796
76 Hungary Budapest Public $40,920 $10,920 $4,000 Foreign for 1y (50USD for local student) $55,840 $51,840
77 Croatia Split Public $46,776 $7,920 $1,200 Foreign $55,896 $54,696
78 Russia Saint Petersburg Public $37,920 $13,104 $5,000 Local $56,024 $51,024
79 Vietnam Ho Chi Minh City $3,108 $39,924 $13,536 $200 Local $56,768 $56,568
80 Philippines Manila Public $34,044 $18,636 $4,400 Local $57,080 $52,680
81 Guatemala Guatemala City $3,108 $35,616 $11,448 $7,200 Local $57,372 $50,172
82 Oman Muscat Public $39,264 $16,116 $2,000 Local $57,380 $55,380
83 Argentina Buenos Aires Public $46,908 $10,560 $50 Local $57,518 $57,468
84 Costa Rica San Jose Public $45,984 $11,760 $600 Foreign $58,344 $57,744
85 China Shenzhen Public $33,540 $19,404 $6,000 Local $58,944 $52,944
86 Brazil Sao Paulo Public $43,200 $14,244 $2,000 Local $59,444 $57,444
87 South Africa Johannesburg Public $42,144 $13,332 $4,000 Local $59,476 $55,476
88 Mauritius Port Louis Public $46,632 $8,460 $4,400 Foreign $59,492 $55,092
89 Brazil Rio de Janeiro Public $43,536 $14,448 $2,000 Local $59,984 $57,984
90 Laos Vientiane $3,108 $35,088 $22,200 $50 Local $60,446 $60,396
91 Kenya Nairobi $3,108 $30,840 $10,020 $17,000 Local $60,968 $43,968
92 Slovakia Bratislava $3,108 $43,452 $13,560 $1,000 Local $61,120 $60,120
93 Saint Lucia Castries Public $46,164 $12,732 $2,260 Local $61,156 $58,896
94 Lithuania Vilnius Public $43,944 $11,652 $5,600 Foreign $61,196 $55,596
95 Thailand Bangkok Public $36,396 $23,304 $2,000 Local $61,700 $59,700
96 China Beijing Public $33,360 $26,652 $2,000 Local $62,012 $60,012
97 Greece Athens $3,108 $50,352 $7,752 $1,000 Local $62,212 $61,212
98 Czech Republic Prague Public $39,504 $15,036 $8,000 Foreign $62,540 $54,540
99 Latvia Riga $3,108 $45,216 $9,228 $5,000 Foreign $62,552 $57,552
100 Tanzania Dar es Salaam $3,108 $39,336 $18,216 $2,000 Local $62,660 $60,660
101 South Africa Cape Town Public $40,140 $19,140 $4,000 Local $63,280 $59,280
102 Taiwan Taipei Public $45,420 $15,936 $2,000 Local $63,356 $61,356
103 Greece Corfu $3,108 $52,368 $7,056 $1,000 Local $63,532 $62,532
104 Jordan Amman Public $49,896 $9,612 $5,500 Local $65,008 $59,508
105 Chile Santiago Public $46,416 $9,648 $10,000 Foreign $66,064 $56,064
106 Ethiopia Addis Ababa $3,108 $40,764 $22,560 $200 Local $66,632 $66,432
107 Cyprus Limassol Public $49,176 $14,220 $3,500 Local $66,896 $63,396
108 Estonia Tallinn $3,108 $50,292 $10,536 $3,000 Foreign $66,936 $63,936
109 Slovenia Ljubljana $3,108 $51,204 $12,792 $70 Foreign $67,174 $67,104
110 Panama Panama City Public $44,664 $22,764 $100 Local $67,528 $67,428
111 Dominican republic Santo Domingo $3,108 $43,896 $10,668 $10,000 Local $67,672 $57,672
112 Cape Verde Praia $3,108 $52,020 $4,464 $10,400 Local $69,992 $59,592
113 Canada Montreal Public $49,776 $17,220 $3,000 Local $69,996 $66,996
114 Cyprus Nicosia Public $57,000 $9,840 $3,660 Local $70,500 $66,840
115 Andorra Andorra la Vella $3,108 $53,604 $12,696 $2,000 Local $71,408 $69,408
116 Portugal Lisbon $3,108 $48,096 $19,128 $2,000 Foreign $72,332 $70,332
117 Uruguay Montevideo Public $59,688 $12,336 $500 Local $72,524 $72,024
118 Fiji Suva Public $43,752 $28,128 $3,600 Local $75,480 $71,880
119 Spain Barcelona $3,108 $52,440 $19,680 $2,000 Foreign $77,228 $75,228
120 Russia Moscow Public $42,936 $24,780 $10,000 Local $77,716 $67,716
121 Bahrain Manama Public $44,136 $20,220 $13,800 Local $78,156 $64,356
122 China Shanghai Public $40,080 $36,576 $2,000 Local $78,656 $76,656
123 Macau Macau Public $52,848 $24,252 $2,000 Foreign $79,100 $77,100
124 Dominica Roseau Public $59,820 $9,600 $10,000 Local $79,420 $69,420
125 Trinidad and Tobago Port of Spain Public $56,016 $16,476 $7,150 Local $79,642 $72,492
126 Cuba La Havana Public $71,784 $9,600 $0 Local $81,384 $81,384
127 Spain Madrid $3,108 $55,452 $21,288 $2,000 Foreign $81,848 $79,848
128 Germany Berlin $3,108 $57,324 $21,516 $600 Foreign $82,548 $81,948
129 Seychelles Victoria Public $56,928 $15,504 $12,000 Local $84,432 $72,432
130 Turks and Caicos Islands Cockburn Town $3,108 $63,900 $18,000 $1,500 Foreign $86,508 $85,008
131 Japan Tokyo Public $54,792 $27,384 $6,000 Foreign $88,176 $82,176
132 Malta Valletta $3,108 $65,304 $18,900 $1,000 Local $88,312 $87,312
133 South Korea Seoul Public $53,916 $29,244 $6,000 Local $89,160 $83,160
134 Austria Vienna $3,108 $60,132 $24,249 $2,000 Foreign $89,489 $87,489
135 Vanuatu Port Vila $3,108 $62,220 $20,748 $3,600 Local $89,676 $86,076
136 France Nice Public $70,320 $19,104 $500 Foreign $89,924 $89,424
137 Canada Toronto Public $54,276 $28,164 $8,000 Local $90,440 $82,440
138 Germany Frankfurt $3,108 $63,756 $23,184 $600 Foreign $90,648 $90,048
139 Italy Rome Public $62,520 $26,868 $2,000 Foreign $91,388 $89,388
140 Italy Venice Public $69,408 $20,688 $2,500 Foreign $92,596 $90,096
141 Canada Vancouver Public $53,748 $34,728 $6,000 Local $94,476 $88,476
142 US Virgin Islands Charlotte Amalie $5,400 $58,500 $24,000 $7,000 Foreign $94,900 $87,900
143 Belgium Brussels $3,108 $69,924 $20,916 $2,000 Foreign $95,948 $93,948
144 Germany Munich $3,108 $64,548 $28,932 $1,150 Foreign $97,738 $96,588
145 Kuwait Kuwait City Public $44,760 $25,116 $30,000 Local $99,876 $69,876
146 Qatar Doha Public $46,536 $43,656 $10,000 Local $100,192 $90,192
147 Barbados Bridgetown $3,108 $72,288 $11,100 $14,000 Foreign $100,496 $86,496
148 France Paris Public $66,072 $33,372 $2,000 Foreign $101,444 $99,444
149 Saint Kitts and Nevis Basseterre Public $78,600 $18,000 $5,000 Local $101,600 $96,600
150 Finland Helsinki Public $77,484 $24,948 $100 Foreign $102,532 $102,432
151 Italy Milan Public $69,312 $29,436 $4,000 Foreign $102,748 $98,748
152 Gibraltar Gibraltar $3,108 $55,896 $41,616 $4,500 Foreign $105,120 $100,620
153 UAE Abu Dhabi $3,108 $49,608 $41,736 $11,000 Foreign $105,452 $94,452
154 British Virgin Islands Road town Public $82,500 $18,000 $5,200 Foreign $105,700 $100,500
155 Liechtenstein Vaduz $3,108 $73,200 $28,800 $1,000 Foreign $106,108 $105,108
156 Lebanon Beirut $3,108 $53,640 $29,400 $20,000 Local $106,148 $86,148
157 Turks and Caicos Islands Providenciales $3,108 $71,700 $33,000 $1,500 Foreign $109,308 $107,808
158 Grenada Saint George's Public $59,448 $11,100 $40,000 Local $110,548 $70,548
159 New Zealand Auckland Public $61,728 $28,332 $24,000 Foreign $114,060 $90,060
160 Australia Brisbane Public $61,140 $26,100 $28,000 Foreign $115,240 $87,240
161 Sweden Stockholm $3,108 $74,436 $27,096 $11,000 Foreign $115,640 $104,640
162 Bahamas Nassau Public $88,116 $27,300 $1,400 Foreign $116,816 $115,416
163 UAE Dubai $3,108 $48,540 $44,844 $22,000 Foreign $118,492 $96,492
164 Antigua and Barbuda Saint John's Public $79,680 $21,420 $18,000 Local $119,100 $101,100
165 Luxembourg Luxembourg City $3,108 $77,064 $38,520 $500 Foreign $119,192 $118,692
166 Norway Oslo Public $91,776 $27,636 $50 Foreign $119,462 $119,412
167 Australia Melbourne Public $63,432 $27,828 $30,000 Foreign $121,260 $91,260
168 Isle of Man Douglas Public $82,068 $21,612 $18,000 Foreign $121,680 $103,680
169 Jersey Saint Helier Public $80,856 $32,148 $9,000 Foreign $122,004 $113,004
170 Netherlands Amsterdam Public $73,800 $34,596 $14,000 Foreign $122,396 $108,396
171 Switzerland Lausanne $3,108 $92,160 $31,872 $2,000 Foreign $129,140 $127,140
172 Hong Kong Hong Kong $5,400 $57,612 $58,788 $12,000 Foreign $133,800 $121,800
173 Singapore Singapore Public $79,548 $46,716 $8,000 Local $134,264 $126,264
174 Ireland Dublin $3,108 $71,544 $36,636 $24,000 Foreign $135,288 $111,288
175 Denmark Copenhagen Public $88,272 $32,316 $16,000 Foreign $136,588 $120,588
176 Australia Sydney Public $63,924 $43,128 $32,000 Foreign $139,052 $107,052
177 Iceland Reykjavik $3,108 $104,364 $31,440 $700 Foreign $139,612 $138,912
178 Switzerland Zurich $3,108 $97,476 $42,756 $2,000 Foreign $145,340 $143,340
179 Switzerland Geneva $3,108 $96,780 $45,036 $2,000 Foreign $146,924 $144,924
180 USA Los Angeles $5,400 $61,896 $40,596 $40,000 Foreign $147,892 $107,892
181 UK London Public $72,648 $50,160 $26,000 Foreign $148,808 $122,808
182 Angola Luanda $3,108 $90,900 $60,000 $3,500 Local $157,508 $154,008
183 USA Miami $5,400 $67,140 $43,164 $42,000 Foreign $157,704 $115,704
184 USA Boston $5,400 $65,304 $50,904 $46,000 Foreign $167,608 $121,608
185 Anguilla The Valley $3,108 $87,000 $52,200 $33,750 Foreign $176,058 $142,308
186 USA New York $5,400 $74,496 $71,028 $42,000 Foreign $192,924 $150,924
187 USA San Francisco $5,400 $71,484 $74,268 $42,000 Foreign $193,152 $151,152
188 Cayman Islands George Town $3,108 $133,452 $40,380 $30,000 Foreign $206,940 $176,940
189 Bermuda Hamilton Public $126,828 $78,996 $6,200 Foreign $212,024 $205,824
190 Monaco Monaco $3,108 $102,924 $229,332 $26,000 Foreign $361,364 $335,364

When relocating, people are usually caught completely off guard by some of required expenses. There are many expenses attributed to relocation, not all of which can be planned in advance.

We cover the most important expenses that a family of three can expect. The missing expenses depend upon too many factors to be included in our calculations. These include those for traveling back and forth between countries (relative to country of origin and season of travel), furniture costs (some individuals might bring their own, or rent a furnished apartment).

Some countries have particularly high costs attributed to certain items that can raise the annual cost. For example, Singapore has a heavy tax on cars; other places like St. Helier have a very restrictive property market. The UAE is a very affordable place to live; its high tax on alcohol made it lose a couple of places in the ranking, but if you do not consume much or any alcohol, this will not be a factor. Goods in the U.S.A. are very cheap in comparison to other western countries, but it has the highest cost of health care and education in the world.

Annual relocation costs include all the costs highlighted previously for a family of three. For the sake of simplicity, we assume that only one child will need to attend university at the time of relocation.

Health care costs can be covered by the host country’s public health care system. We have verified the countries that allow migrants to be covered through their immigration status. The annual costs are quotes from private health insurance companies in different countries based upon coverage, and apply to a couple with one underage children (including inpatient care, emergency evacuation, emergency repatriation, a $0.5M annual limit and $5,000 deductible).

The cost of living incorporates most everyday expenses: groceries and restaurants, clothing, transportation and fuel, utilities, etc. These are the expenses of a fairly affluent family, but do not enter into the realm of luxury item expenses. Rent is calculated separately. The estimate is based upon three active spenders in the family (the couple and the oldest child attending university).

The calculation is based on the following assumptions:

Eating lunch or dinner in restaurants (~50% of the time)

Choosing inexpensive restaurants (~20% of the time)

Drinking coffee outside the home (low)

Going out (cinema, nightlife, etc.) (an average of 3x/week per active spender)

Smoking (0.5 pack/day per household)

Alcoholic beverages (low consumption)

Eating at home (Asian food)

Driving (moderate)

Taking Taxis (no)

Public transportation (no)

Sport/Gym Memberships (no)

Vacation and Travel (none)

Clothes shopping (moderate)

The cost of university is linked to the migrant’s immigration status. Some universities have different tuitions for local versus foreign students. As with health care, you cannot look at this cost without considering the quality of the product. Costs include not only tuition fees, but all costs associated with attending the university (excluding books and residence). If applicable, the annual cost was based upon the Business Administration undergraduate Bachelor program. The determination of whether the local or foreign annual university cost is integrated into the overall annual relocation cost is specific to each country and program policy on the subject.

Annual rent is calculated based upon a floor area of 110m2 in the city center. It accounts for the average cost of property, and does not target luxury housing. Depending on where you live, the cost can increase significantly, especially in cities where crime and violence are rampant.

Health Insurance

Quotes were obtained from www.pacifprime.com.

Cost of Living

Estimated costs of living are taken from www.numbeo.com.

University Costs

Parts of the Tuition costs were taken from the QS top university ranking at topuniversities.com; however, most of our data had to be taken from each individual university’s website.

Rent

The estimated rent for 110m2 is taken from www.numbeo.com.