The STC 2018 COST OF LIVING INDEX
RankCOUNTRYCITYHealth Insurance Cost of Living Rent University fee U. Fee Type Annual Cost with University Annual Cost
1IndiaHyderabad Public $20,376$5,160$2,000 Local $27,536$25,536
2ComorosMoroni Public $23,520$4,200$50 Local $27,770$27,720
3ColombiaCali Public $23,820$4,032$50 Local $27,902$27,852
4IndiaChennai Public $20,616$5,304$2,000 Local $27,920$25,920
5TunisiaTunis Public $24,708$4,116$50 Local $28,874$28,824
6PakistanKarachi$3,108$20,508$5,520$50 Local $29,186$29,136
7IndiaKolkata Public $23,496$5,976$50 Local $29,522$29,472
8PakistanLahore$3,108$22,476$4,596$50 Local $30,230$30,180
9IndiaBangalore Public $22,608$7,416$500 Local $30,524$30,024
10ColombiaMedellin Public $26,676$5,400$50 Local $32,126$32,076
11SyriaDamascus$3,108$22,548$3,816$3,000 Local $32,472$29,472
12MoldovaChisinau Public $26,448$5,760$1,200 Local $33,408$32,208
13AlgeriaAlgiers Public $28,776$5,592$50 Local $34,418$34,368
14IndiaDelhi Public $24,960$7,632$4,000 Local $36,592$32,592
15UzbekistanTashkent$3,108$23,520$8,208$2,000 Local $36,836$34,836
16ChinaChangsha Public $29,256$6,360$2,000 Local $37,616$35,616
17ChinaShenyang Public $30,852$5,352$2,000 Local $38,204$36,204
18AlbaniaDurres Public $33,360$3,528$1,500 Local $38,388$36,888
19ChinaWuhan Public $29,088$7,356$2,000 Local $38,444$36,444
20GeorgiaTbilisi$3,108$24,672$8,004$2,700 Local $38,484$35,784
21Sri LankaColombo Public $30,792$8,388$50 Local $39,230$39,180
22MoroccoDakhla$3,108$25,128$9,000$2,000 Foreign $39,236$37,236
23AzerbaijanBaku$3,108$27,372$7,992$900 Local $39,372$38,472
24ChinaChongqing Public $32,940$6,048$2,000 Local $40,988$38,988
25HondurasTegucigalpa$3,108$29,460$6,372$2,100 Local $41,040$38,940
26UkraineKiev$3,108$27,108$8,952$2,000 Local $41,168$39,168
27ChinaChengdu Public $30,888$8,424$2,000 Local $41,312$39,312
28NigeriaLagos$3,108$25,764$12,732$250 Local $41,854$41,604
29ParaguayAsuncion$3,108$27,780$6,996$4,000 Local $41,884$37,884
30ChinaNingbo Public $33,120$8,172$2,000 Local $43,292$41,292
31MacedoniaSkopje Public $30,984$5,460$7,000 Foreign $43,444$36,444
32ChinaWuxi Public $32,808$8,712$2,000 Local $43,520$41,520
33VenezuelaCaracas$3,108$35,244$5,160$50 Local $43,562$43,512
34St Vincent and The GrenadinesKingstown Public $34,320$4,440$5,000 Local $43,760$38,760
35ChinaTianjin Public $30,912$12,804$50 Local $43,766$43,716
36MongoliaUlaanbaatar$3,108$29,904$8,424$2,600 Local $44,036$41,436
37BulgariaSofia Public $35,400$7,776$1,000 Local $44,176$43,176
38ChinaFoshan Public $34,620$7,872$2,000 Local $44,492$42,492
39KazakhstanAlmaty Public $31,200$7,404$6,000 Local $44,604$38,604
40Saudi ArabiaRiyadh Public $33,624$10,992$50 Local $44,666$44,616
41ChinaSuzhou Public $31,656$11,076$2,000 Local $44,732$42,732
42TurkeyIstanbul Public $34,272$10,260$250 Local $44,782$44,532
43Saudi ArabiaJeddah Public $35,472$9,480$50 Local $45,002$44,952
44NicaraguaManagua$3,108$34,188$7,596$1,000 Local $45,892$44,892
45BoliviaLa Paz$3,108$34,452$6,492$2,000 Local $46,052$44,052
46BelarusMinsk$3,108$32,592$7,608$3,000 Foreign $46,308$43,308
47VietnamHanoi$3,108$32,016$11,016$200 Local $46,340$46,140
48MexicoMexico City$3,108$30,384$12,480$500 Local $46,472$45,972
49IraqBaghdad$3,108$33,216$10,116$50 Local $46,490$46,440
50ChinaQingdao Public $32,184$12,456$2,000 Local $46,640$44,640
51IndiaMumbai Public $25,176$19,572$2,000 Local $46,748$44,748
52El SalvadorSan Salvador$3,108$36,108$7,644$200 Local $47,060$46,860
53ChinaGuangzhou Public $30,612$14,772$2,000 Local $47,384$45,384
54HondurasSan Pedro Sula$3,108$35,040$7,044$2,400 Local $47,592$45,192
55KazakhstanAstana Public $29,856$12,192$5,600 Local $47,648$42,048
56EgyptCairo Public $25,632$4,092$18,000 Local $47,724$29,724
57ThailandPhuket Public $36,096$10,248$1,500 Local $47,844$46,344
58ChinaHangzhou Public $32,268$13,620$2,000 Local $47,888$45,888
59ChinaNanjing Public $35,064$10,896$2,000 Local $47,960$45,960
60SerbiaBelgrade Public $38,268$8,160$2,000 Local $48,428$46,428
61BrazilBelo Horizonte Public $38,820$8,256$2,000 Local $49,076$47,076
62IranTehran$3,108$31,740$14,388$50 Local $49,286$49,236
63PeruLima Public $33,708$11,616$4,000 Local $49,324$45,324
64RomaniaBucharest Public $37,872$8,568$3,000 Foreign $49,440$46,440
65BangladeshDhaka$3,108$29,484$5,628$11,500 Local $49,720$38,220
66MontenegroBudva Public $40,824$7,992$1,000 Local $49,816$48,816
67ColombiaBogota Public $28,560$7,968$14,000 Local $50,528$36,528
68MoroccoCasablanca$3,108$30,492$12,240$5,300 Local $51,140$45,840
69MalaysiaKuala Lumpur$3,108$33,888$12,504$2,000 Local $51,500$49,500
70CambodiaPhnom Penh$3,108$33,408$15,228$50 Local $51,794$51,744
71PolandWarsaw Public $38,208$13,164$2,600 Foreign $53,972$51,372
72EcuadorQuito$3,108$40,344$9,960$1,000 Local $54,412$53,412
73IndonesiaJakarta$3,108$33,696$17,676$50 Local $54,530$54,480
74LibyaTripoli$3,108$34,632$13,320$3,500 Local $54,560$51,060
75BrazilBrasilia Public $42,024$11,772$2,000 Local $55,796$53,796
76HungaryBudapest Public $40,920$10,920$4,000 Foreign for 1y (50USD for local student) $55,840$51,840
77CroatiaSplit Public $46,776$7,920$1,200 Foreign $55,896$54,696
78RussiaSaint Petersburg Public $37,920$13,104$5,000 Local $56,024$51,024
79VietnamHo Chi Minh City$3,108$39,924$13,536$200 Local $56,768$56,568
80PhilippinesManila Public $34,044$18,636$4,400 Local $57,080$52,680
81GuatemalaGuatemala City$3,108$35,616$11,448$7,200 Local $57,372$50,172
82OmanMuscat Public $39,264$16,116$2,000 Local $57,380$55,380
83ArgentinaBuenos Aires Public $46,908$10,560$50 Local $57,518$57,468
84Costa RicaSan Jose Public $45,984$11,760$600 Foreign $58,344$57,744
85ChinaShenzhen Public $33,540$19,404$6,000 Local $58,944$52,944
86BrazilSao Paulo Public $43,200$14,244$2,000 Local $59,444$57,444
87South AfricaJohannesburg Public $42,144$13,332$4,000 Local $59,476$55,476
88MauritiusPort Louis Public $46,632$8,460$4,400 Foreign $59,492$55,092
89BrazilRio de Janeiro Public $43,536$14,448$2,000 Local $59,984$57,984
90LaosVientiane$3,108$35,088$22,200$50 Local $60,446$60,396
91KenyaNairobi$3,108$30,840$10,020$17,000 Local $60,968$43,968
92SlovakiaBratislava$3,108$43,452$13,560$1,000 Local $61,120$60,120
93Saint LuciaCastries Public $46,164$12,732$2,260 Local $61,156$58,896
94LithuaniaVilnius Public $43,944$11,652$5,600 Foreign $61,196$55,596
95ThailandBangkok Public $36,396$23,304$2,000 Local $61,700$59,700
96ChinaBeijing Public $33,360$26,652$2,000 Local $62,012$60,012
97GreeceAthens$3,108$50,352$7,752$1,000 Local $62,212$61,212
98Czech RepublicPrague Public $39,504$15,036$8,000 Foreign $62,540$54,540
99LatviaRiga$3,108$45,216$9,228$5,000 Foreign $62,552$57,552
100TanzaniaDar es Salaam$3,108$39,336$18,216$2,000 Local $62,660$60,660
101South AfricaCape Town Public $40,140$19,140$4,000 Local $63,280$59,280
102TaiwanTaipei Public $45,420$15,936$2,000 Local $63,356$61,356
103GreeceCorfu$3,108$52,368$7,056$1,000 Local $63,532$62,532
104JordanAmman Public $49,896$9,612$5,500 Local $65,008$59,508
105ChileSantiago Public $46,416$9,648$10,000 Foreign $66,064$56,064
106EthiopiaAddis Ababa$3,108$40,764$22,560$200 Local $66,632$66,432
107CyprusLimassol Public $49,176$14,220$3,500 Local $66,896$63,396
108EstoniaTallinn$3,108$50,292$10,536$3,000 Foreign $66,936$63,936
109SloveniaLjubljana$3,108$51,204$12,792$70 Foreign $67,174$67,104
110PanamaPanama City Public $44,664$22,764$100 Local $67,528$67,428
111Dominican republicSanto Domingo$3,108$43,896$10,668$10,000 Local $67,672$57,672
112Cape VerdePraia$3,108$52,020$4,464$10,400 Local $69,992$59,592
113CanadaMontreal Public $49,776$17,220$3,000 Local $69,996$66,996
114CyprusNicosia Public $57,000$9,840$3,660 Local $70,500$66,840
115AndorraAndorra la Vella$3,108$53,604$12,696$2,000 Local $71,408$69,408
116PortugalLisbon$3,108$48,096$19,128$2,000 Foreign $72,332$70,332
117UruguayMontevideo Public $59,688$12,336$500 Local $72,524$72,024
118FijiSuva Public $43,752$28,128$3,600 Local $75,480$71,880
119SpainBarcelona$3,108$52,440$19,680$2,000 Foreign $77,228$75,228
120RussiaMoscow Public $42,936$24,780$10,000 Local $77,716$67,716
121BahrainManama Public $44,136$20,220$13,800 Local $78,156$64,356
122ChinaShanghai Public $40,080$36,576$2,000 Local $78,656$76,656
123MacauMacau Public $52,848$24,252$2,000 Foreign $79,100$77,100
124DominicaRoseau Public $59,820$9,600$10,000 Local $79,420$69,420
125Trinidad and TobagoPort of Spain Public $56,016$16,476$7,150 Local $79,642$72,492
126CubaLa Havana Public $71,784$9,600$0 Local $81,384$81,384
127SpainMadrid$3,108$55,452$21,288$2,000 Foreign $81,848$79,848
128GermanyBerlin$3,108$57,324$21,516$600 Foreign $82,548$81,948
129SeychellesVictoria Public $56,928$15,504$12,000 Local $84,432$72,432
130Turks and Caicos IslandsCockburn Town$3,108$63,900$18,000$1,500 Foreign $86,508$85,008
131JapanTokyo Public $54,792$27,384$6,000 Foreign $88,176$82,176
132MaltaValletta$3,108$65,304$18,900$1,000 Local $88,312$87,312
133South KoreaSeoul Public $53,916$29,244$6,000 Local $89,160$83,160
134AustriaVienna$3,108$60,132$24,249$2,000 Foreign $89,489$87,489
135VanuatuPort Vila$3,108$62,220$20,748$3,600 Local $89,676$86,076
136FranceNice Public $70,320$19,104$500 Foreign $89,924$89,424
137CanadaToronto Public $54,276$28,164$8,000 Local $90,440$82,440
138GermanyFrankfurt$3,108$63,756$23,184$600 Foreign $90,648$90,048
139ItalyRome Public $62,520$26,868$2,000 Foreign $91,388$89,388
140ItalyVenice Public $69,408$20,688$2,500 Foreign $92,596$90,096
141CanadaVancouver Public $53,748$34,728$6,000 Local $94,476$88,476
142US Virgin IslandsCharlotte Amalie$5,400$58,500$24,000$7,000 Foreign $94,900$87,900
143BelgiumBrussels$3,108$69,924$20,916$2,000 Foreign $95,948$93,948
144GermanyMunich$3,108$64,548$28,932$1,150 Foreign $97,738$96,588
145KuwaitKuwait City Public $44,760$25,116$30,000 Local $99,876$69,876
146QatarDoha Public $46,536$43,656$10,000 Local $100,192$90,192
147BarbadosBridgetown$3,108$72,288$11,100$14,000 Foreign $100,496$86,496
148FranceParis Public $66,072$33,372$2,000 Foreign $101,444$99,444
149Saint Kitts and NevisBasseterre Public $78,600$18,000$5,000 Local $101,600$96,600
150FinlandHelsinki Public $77,484$24,948$100 Foreign $102,532$102,432
151ItalyMilan Public $69,312$29,436$4,000 Foreign $102,748$98,748
152GibraltarGibraltar$3,108$55,896$41,616$4,500 Foreign $105,120$100,620
153UAEAbu Dhabi$3,108$49,608$41,736$11,000 Foreign $105,452$94,452
154British Virgin IslandsRoad town Public $82,500$18,000$5,200 Foreign $105,700$100,500
155LiechtensteinVaduz$3,108$73,200$28,800$1,000 Foreign $106,108$105,108
156LebanonBeirut$3,108$53,640$29,400$20,000 Local $106,148$86,148
157Turks and Caicos IslandsProvidenciales$3,108$71,700$33,000$1,500 Foreign $109,308$107,808
158GrenadaSaint George's Public $59,448$11,100$40,000 Local $110,548$70,548
159New ZealandAuckland Public $61,728$28,332$24,000 Foreign $114,060$90,060
160AustraliaBrisbane Public $61,140$26,100$28,000 Foreign $115,240$87,240
161SwedenStockholm$3,108$74,436$27,096$11,000 Foreign $115,640$104,640
162BahamasNassau Public $88,116$27,300$1,400 Foreign $116,816$115,416
163UAEDubai$3,108$48,540$44,844$22,000 Foreign $118,492$96,492
164Antigua and BarbudaSaint John's Public $79,680$21,420$18,000 Local $119,100$101,100
165LuxembourgLuxembourg City$3,108$77,064$38,520$500 Foreign $119,192$118,692
166NorwayOslo Public $91,776$27,636$50 Foreign $119,462$119,412
167AustraliaMelbourne Public $63,432$27,828$30,000 Foreign $121,260$91,260
168Isle of ManDouglas Public $82,068$21,612$18,000 Foreign $121,680$103,680
169JerseySaint Helier Public $80,856$32,148$9,000 Foreign $122,004$113,004
170NetherlandsAmsterdam Public $73,800$34,596$14,000 Foreign $122,396$108,396
171SwitzerlandLausanne$3,108$92,160$31,872$2,000 Foreign $129,140$127,140
172Hong KongHong Kong$5,400$57,612$58,788$12,000 Foreign $133,800$121,800
173SingaporeSingapore Public $79,548$46,716$8,000 Local $134,264$126,264
174IrelandDublin$3,108$71,544$36,636$24,000 Foreign $135,288$111,288
175DenmarkCopenhagen Public $88,272$32,316$16,000 Foreign $136,588$120,588
176AustraliaSydney Public $63,924$43,128$32,000 Foreign $139,052$107,052
177IcelandReykjavik$3,108$104,364$31,440$700 Foreign $139,612$138,912
178SwitzerlandZurich$3,108$97,476$42,756$2,000 Foreign $145,340$143,340
179SwitzerlandGeneva$3,108$96,780$45,036$2,000 Foreign $146,924$144,924
180USALos Angeles$5,400$61,896$40,596$40,000 Foreign $147,892$107,892
181UK London Public $72,648$50,160$26,000 Foreign $148,808$122,808
182AngolaLuanda$3,108$90,900$60,000$3,500 Local $157,508$154,008
183USAMiami$5,400$67,140$43,164$42,000 Foreign $157,704$115,704
184USABoston$5,400$65,304$50,904$46,000 Foreign $167,608$121,608
185AnguillaThe Valley$3,108$87,000$52,200$33,750 Foreign $176,058$142,308
186USANew York$5,400$74,496$71,028$42,000 Foreign $192,924$150,924
187USASan Francisco$5,400$71,484$74,268$42,000 Foreign $193,152$151,152
188Cayman IslandsGeorge Town$3,108$133,452$40,380$30,000 Foreign $206,940$176,940
189BermudaHamilton Public $126,828$78,996$6,200 Foreign $212,024$205,824
190MonacoMonaco$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.