The STC 2017 COST OF LIVING INDEX
RankCOUNTRYCITYHealth Insurance (annual)Monthly Cost of Living (USD)Monthly Rent (3 bedrooms) (USD)University Fees (annual) (USD)Fees typeWith University (USD)Without (USD)
1IndiaHyderabadPublic10993642000Local1955617556
2IndiaKolkataPublic129637450Local2009020040
3IndiaChennaiPublic11354432000Local2093618936
4IndiaBangalorePublic1254522500Local2181221312
5ColombiaCaliPublic148834850Local2208222032
6ComorosMoroniPublic135050050Local2225022200
7ColombiaMedellinPublic161629650Local2299422944
8PakistanKarachi3108125841550Local2323423184
9ChinaShenyangPublic14594162000Local2450022500
10TunisiaTunisPublic170346950Local2611426064
11PakistanLahore3108159433950Local2635426304
12ChinaChongqingPublic16584112000Local2682824828
13AlgeriaAlgiersPublic176559650Local2838228332
14SyriaAleppo310814893753000Local2847625476
15IndiaDelhiPublic14635944000Local2868424684
16Sri LankaColomboPublic163681850Local2949829448
17ChinaWuhanPublic15938472000Local3128029280
18ChinaSuzhouPublic19016162000Local3220430204
19BulgariaSofiaPublic20565491000Local3226031260
20SyriaDamascus310816405423000Local3229229292
21ChinaFoshanPublic20065622000Local3281630816
22BoliviaLa Paz310817835272000Local3282830828
23ChinaChangshaPublic21265012000Local3352431524
24ChinaQingdaoPublic16579912000Local3377631776
25TaiwanKaohsiungPublic20795772000Local3387231872
26ParaguayAsuncion310817614704000Local3388029880
27ChinaTianjinPublic1830102750Local3433434284
28El SalvadorSan Salvador31082110477200Local3435234152
29MoroccoDakhla310819005502000Foreign3450832508
30UkraineKiev310817157822000Local3507233072
31TaiwanTaichungPublic21755992000Local3528833288
32ChinaChengduPublic18828932000Local3530033300
33HondurasTegucigalpa310820194922100Local3534033240
34ChinaNingboPublic22285562000Local3540833408
35NicaraguaManagua310821904321000Local3557234572
36IndiaMumbaiPublic147813272000Local3566033660
37GeorgiaTbilisi310817787462700Local3609633396
38AzerbaijanBaku31081837845900Local3619235292
39BrazilBelo HorizontePublic22446332000Local3652434524
40Saudi ArabiaJeddahPublic235269450Local3660236552
41ChinaHangzhouPublic19389862000Local3708835088
42RomaniaBucharestPublic22376343000Foreign3745234452
43VenezuelaCaracas3108246639950Local3753837488
44UzbekistanTashkent310819157912000Local3758035580
45VietnamHo Chi Minh City31081949978200Local3843238232
46ChinaWuxiPublic21329242000Local3867236672
47VietnamHanoi31082084872200Local3878038580
48HondurasSan Pedro Sula310821866002400Local3894036540
49Saudi ArabiaRiyadhPublic236888550Local3908639036
50BangladeshChittagong3108160233113000Local3930426304
51MoroccoCasablanca310817239125300Local4002834728
52MexicoMexico City310819451091500Local4004039540
53PhilippinesManilaPublic197010264400Local4035235952
54PeruLimaPublic202310314000Local4064836648
55BangladeshDhaka3108176741711500Local4081629316
56TurkeyIstanbulPublic2464963250Local4137441124
57ChinaNanjingPublic23119912000Local4162439624
58HungaryBudapestPublic24027504000Foreign for 1y (50USD for local student)4182437824
59VenezuelaMaracaibo3108278345050Local4195441904
60CroatiaSplitPublic28655531200Foreign4221641016
61ChinaGuangzhouPublic190314552000Local4229640296
62MalaysiaKuala Lumpur3108196211442000Local4238040380
63EcuadorQuito310824167941000Local4262841628
64RussiaSaint PetersburgPublic22009785000Local4313638136
65IraqBaghdad3108246688050Local4331043260
66LibyaTripoli3108203710453500Local4359240092
67CambodiaPhnom Penh31082052133550Local4380243752
68IranTehran31082074134150Local4413844088
69ColombiaBogotaPublic184270914000Local4461230612
70South AfricaJohannesburgPublic24809354000Local4498040980
71BrazilBrasiliaPublic26609392000Local4518843188
72SlovakiaBratislava3108246610081000Local4579644796
73GuatemalaGuatemala City310822777627200Local4677639576
74Czech RepublicPraguePublic222710198000Foreign4695238952
75South AfricaCape TownPublic238712094000Local4715243152
76Cape VerdePraia3108234348710400Local4746837068
77IndonesiaJakarta31081928177150Local4754647496
78MauritiusPort LouisPublic249910974400Foreign4755243152
79Saint LuciaCastriesPublic29009262260Local4817245912
80EgyptCairoPublic201652118000Local4844430444
81BrazilSao PauloPublic279810902000Local4865646656
82TaiwanTaipeiPublic264212542000Local4875246752
83ArgentinaBuenos AiresPublic3061100050Local4878248732
84ThailandBangkokPublic212418142000Local4925647256
85Costa RicaSan JosePublic30061064600Foreign4944048840
86GreeceAthens310832835161000Local4969648696
87LatviaRiga310828147195000Foreign5050445504
88BrazilRio de JaneiroPublic284412022000Local5055248552
89EthiopiaAddis Ababa310822791711200Local5118850988
90NigeriaLagos310816362389250Local5165851408
91JordanAmmanPublic31796875500Local5189246392
92UruguayMontevideoPublic3567739500Local5217251672
93LaosVientiane31082561153850Local5234652296
94FijiSuvaPublic257015303600Local5280049200
95ChileSantiagoPublic277085010000Foreign5344043440
96PortugalLisbon3108282212212000Foreign5362451624
97OmanMuscatPublic268816552000Local5411652116
98CyprusNicosiaPublic35727463660Local5547651816
99Dominican republicSanto Domingo3108265791210000Local5593645936
100MacauMacauPublic302815312000Foreign5670854708
101South KoreaBusanPublic353810232000Local5673254732
102AndorraAndorra la Vella3108287115512000Local5817256172
103TanzaniaDar es Salaam3108282716212000Local5848456484
104RussiaMoscowPublic2564165610000Local6064050640
105CanadaMontrealPublic343813833000Local6085257852
106KenyaNairobi31082100132817000Local6124444244
107ChinaShanghaiPublic246624932000Local6150859508
108GermanyBerlin310834051449600Foreign6195661356
109SeychellesVictoriaPublic2791139012000Local6217250172
110SpainBarcelona3108343113792000Foreign6282860828
111ChinaShenzhenPublic241623666000Local6338457384
112PanamaPanama CityPublic32162081100Local6366463564
113KazakhstanAlmatyPublic42146556000Local6442858428
114SpainMadrid3108354914892000Foreign6556463564
115MaltaValletta3108405511061000Local6604065040
116ChinaBeijingPublic252128402000Local6633264332
117BahrainManamaPublic2804170613800Local6792054120
118MongoliaUlaanbaatar3108279124942600Local6912866528
119FranceNicePublic44361354500Foreign6998069480
120AustriaVienna3108378417972000Foreign7208070080
121GermanyFrankfurt310839871726600Foreign7226471664
122DominicaRoseauPublic3741150010000Local7289262892
123US Virgin IslandsCharlotte Amalie5400361414337000Foreign7296465964
124VanuatuPort Vila3108445411153600Local7353669936
125CanadaTorontoPublic359220598000Local7581267812
126BarbadosBridgetown31083802116714000Foreign7673662736
127ItalyRomePublic405022792000Foreign7794875948
128CanadaVancouverPublic355524436000Local7797671976
129BelgiumBrussels3108441116672000Foreign7804476044
130GermanyMunich3108410621021150Foreign7875477604
131FinlandHelsinkiPublic47511973100Foreign8078880688
132ItalyMilanPublic439722784000Foreign8410080100
133FranceParisPublic435026682000Foreign8621684216
134South KoreaSeoulPublic353731496000Local8623280232
135GrenadaSaint George'sPublic310382740000Local8716047160
136LiechtensteinVaduz3108444825001000Foreign8748486484
137Saint Kitts and NevisBasseterrePublic481022725000Local8998484984
138KuwaitKuwait CityPublic3107211630000Local9267662676
139BahamasNassauPublic564120211400Foreign9334491944
140LuxembourgLuxembourg City310849802563500Foreign9412493624
141UAEAbu Dhabi31083266351111000Foreign9543284432
142LebanonBeirut31083410269120000Local9632076320
143SwedenStockholm31084736216611000Foreign9693285932
144Antigua and BarbudaSaint John'sPublic5176146518000Local9769279692
145QatarDohaPublic3574379010000Local9836888368
146New ZealandAucklandPublic4205207024000Foreign9930075300
147JapanTokyoPublic437234926000Foreign10036894368
148NetherlandsAmsterdamPublic4616263014000Foreign10095286952
149IcelandReykjavik310861132027700Foreign101488100788
150Isle of ManDouglasPublic5270172218000Foreign10190483904
151NorwayOsloPublic6253226650Foreign102278102228
152British Virgin IslandsRoad townPublic545726505200Foreign10248497284
153DenmarkCopenhagenPublic5462233816000Foreign10960093600
154AustraliaMelbournePublic4190246830000Foreign10989679896
155AustraliaBrisbanePublic4272263828000Foreign11092082920
156JerseySaint HelierPublic573128349000Foreign111780102780
157IrelandDublin31084605250524000Foreign11242888428
158UAEDubai31083330413022000Foreign11462892628
159UK LondonPublic3413398026000Foreign11471688716
160SingaporeSingaporePublic445844888000Local115352107352
161SwitzerlandLausanne3108644528052000Foreign116108114108
162Hong KongHong Kong54003683487812000Foreign120132108132
163AustraliaSydneyPublic4274364132000Foreign12698094980
164Turks and Caicos IslandsCockburn Town3108762430001500Foreign132096130596
165Turks and Caicos IslandsProvidenciales3108762430001500Foreign132096130596
166USAMiami54004411289542000Foreign13507293072
167SwitzerlandGeneva3108691340072000Foreign136148134148
168USALos Angeles54004190347540000Foreign13738097380
169AnguillaThe Valley31085457315033750Foreign140142106392
170SwitzerlandZurich3108793535302000Foreign142688140688
171USABoston54004427398446000Foreign152332106332
172Cayman IslandsGeorge Town31088155294830000Foreign166344136344
173AngolaLuanda3108645870003500Local168104164604
174BermudaHamiltonPublic736870006200Foreign178616172416
175USANew York54005337586442000Foreign181812139812
176USASan Francisco54004921640842000Foreign183348141348
177MonacoMonaco310869331861526000Foreign335684309684

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 (~50% of the time)

Drinking coffee outside the home (low)

Going out (cinema, nightlife, etc.) (an average of 1x/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 (monthly, 1 household member)

Sport/Gym Memberships (All members)

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.