The STC 2019 COST OF LIVING INDEX
Rank COUNTRY CITY Index Health Insurance Cost of living Appartment (3 beds) city center Uni. Tuition Fees U. Fee Type Annual Cost with University Annual Cost
1 Colombia Cali 0.95 Public $10,080 $3,600 $50 Local $13,730 $13,680
2 Tunisia Tunis 0.91 Public $18,480 $3,840 $50 Local $22,370 $22,320
3 India Kolkata 0.91 Public $18,120 $4,380 $50 Local $22,550 $22,500
4 India Hyderabad 0.91 Public $15,840 $4,740 $2,000 Local $22,580 $20,580
5 Pakistan Lahore 0.91 $3,108 $16,320 $3,360 $50 Local $22,838 $22,788
6 Pakistan Karachi 0.91 $3,108 $15,720 $4,080 $50 Local $22,958 $22,908
7 India Chennai 0.91 Public $15,600 $5,520 $2,000 Local $23,120 $21,120
8 Colombia Medellin 0.89 Public $22,800 $5,280 $50 Local $28,130 $28,080
9 Algeria Algiers 0.89 Public $22,680 $5,580 $50 Local $28,310 $28,260
10 Sri Lanka Colombo 0.88 Public $22,020 $7,860 $50 Local $29,930 $29,880
11 Venezuela Caracas 0.88 $3,108 $22,800 $4,080 $50 Local $30,038 $29,988
12 China Shenyang 0.87 Public $24,000 $5,400 $2,000 Local $31,400 $29,400
13 India New Delhi 0.87 Public $21,060 $6,660 $4,000 Local $31,720 $27,720
14 Syria Damascus 0.87 $3,108 $21,240 $5,220 $3,000 Local $32,568 $29,568
15 Uzbekistan Tashkent 0.87 $3,108 $21,600 $6,480 $2,000 Local $33,188 $31,188
16 China Changsha 0.87 Public $24,840 $6,480 $2,000 Local $33,320 $31,320
17 China Wuhan 0.87 Public $24,840 $6,540 $2,000 Local $33,380 $31,380
18 Moldova Chisinau 0.86 Public $27,180 $5,640 $1,200 Local $34,020 $32,820
19 Kazakhstan Astana 0.86 Public $25,560 $7,620 $1,000 Local $34,180 $33,180
20 Georgia Tbilisi 0.86 $3,108 $22,080 $7,020 $2,700 Local $34,908 $32,208
21 Argentina Buenos Aires 0.86 Public $27,300 $6,984 $1,000 Local $35,284 $34,284
22 China Wuxi 0.86 Public $27,600 $6,360 $2,000 Local $35,960 $33,960
23 China Chengdu 0.86 Public $25,500 $8,520 $2,000 Local $36,020 $34,020
24 China Ningbo 0.86 Public $26,400 $7,680 $2,000 Local $36,080 $34,080
25 Azerbaijan Baku 0.86 $3,108 $24,840 $7,320 $900 Local $36,168 $35,268
26 China Chongqing 0.86 Public $27,000 $7,200 $2,000 Local $36,200 $34,200
27 Albania Sarande 0.85 Public $27,480 $7,380 $1,500 Local $36,360 $34,860
28 Paraguay Asuncion 0.85 $3,108 $23,340 $6,600 $4,000 Local $37,048 $33,048
29 Mongolia Ulaanbaatar 0.85 $3,108 $24,780 $6,840 $2,600 Local $37,328 $34,728
30 Egypt Cairo 0.85 Public $23,160 $4,260 $10,000 Local $37,420 $27,420
31 Macedonia Skopje 0.85 Public $25,620 $5,280 $7,000 Foreign $37,900 $30,900
32 China Tianjin 0.85 Public $25,440 $12,600 $50 Local $38,090 $38,040
33 Kazakhstan Almaty 0.85 Public $24,000 $8,400 $6,000 Local $38,400 $32,400
34 Thailand Phuket 0.84 Public $25,920 $11,460 $1,500 Local $38,880 $37,380
35 Honduras San Pedro Sula 0.84 $3,108 $26,400 $7,080 $2,400 Local $38,988 $36,588
36 China Suzhou 0.84 Public $26,520 $10,500 $2,000 Local $39,020 $37,020
37 Brazil Belo Horizonte 0.84 Public $30,840 $6,840 $2,000 Local $39,680 $37,680
38 Vietnam Ho Chi Minh City 0.84 $3,108 $25,200 $11,400 $200 Local $39,908 $39,708
39 Vietnam Hanoi 0.84 $3,108 $27,480 $9,180 $200 Local $39,968 $39,768
40 China Qingdao 0.84 Public $26,940 $11,304 $2,000 Local $40,244 $38,244
41 Bangladesh Dhaka 0.84 $3,108 $21,060 $5,040 $11,500 Local $40,708 $29,208
42 Ukraine Kiev 0.84 $3,108 $24,840 $10,800 $2,000 Local $40,748 $38,748
43 Honduras Tegucigalpa 0.84 $3,108 $29,400 $6,540 $2,100 Local $41,148 $39,048
44 India Mumbai 0.83 Public $21,300 $18,000 $2,000 Local $41,300 $39,300
45 Bulgaria Sofia 0.83 Public $31,980 $8,520 $1,000 Local $41,500 $40,500
46 Saudi Arabia Jeddah 0.83 Public $32,940 $7,920 $1,000 Local $41,860 $40,860
47 Bolivia La Paz 0.83 $3,108 $29,460 $7,440 $2,000 Local $42,008 $40,008
48 Peru Lima 0.83 Public $28,680 $9,480 $4,000 Local $42,160 $38,160
49 India Bangalore 0.83 Public $19,380 $6,840 $16,000 Local $42,220 $26,220
50 Belarus Minsk 0.83 $3,108 $28,320 $6,840 $4,000 Foreign $42,268 $38,268
51 China Guangzhou 0.83 Public $26,880 $13,560 $2,000 Local $42,440 $40,440
52 Serbia Belgrade 0.83 Public $32,100 $8,520 $2,000 Local $42,620 $40,620
53 Saint Lucia Castries 0.83 Public $41,340 $- $2,260 Local $43,600 $41,340
54 Nicaragua Managua 0.82 $3,108 $33,000 $6,660 $1,000 Local $43,768 $42,768
55 Iraq Baghdad 0.82 $3,108 $30,960 $9,960 $50 Local $44,078 $44,028
56 Malaysia Kuala Lumpur 0.82 $3,108 $26,880 $12,240 $2,000 Local $44,228 $42,228
57 Saudi Arabia Riyadh 0.82 Public $34,680 $9,024 $1,000 Local $44,704 $43,704
58 Romania Bucharest 0.82 Public $32,880 $9,000 $3,000 Foreign $44,880 $41,880
59 Mexico Mexico City 0.82 $3,108 $28,080 $13,440 $500 Local $45,128 $44,628
60 Montenegro Budva 0.82 Public $35,280 $9,600 $1,000 Local $45,880 $44,880
61 Morocco Casablanca 0.82 $3,108 $26,640 $10,920 $5,300 Local $45,968 $40,668
62 Brazil Rio de Janeiro 0.82 Public $34,440 $11,760 $50 Local $46,250 $46,200
63 El Salvador San Salvador 0.81 $3,108 $32,520 $10,620 $200 Local $46,448 $46,248
64 Russia Saint Petersburg 0.81 Public $29,820 $11,760 $5,000 Local $46,580 $41,580
65 Indonesia Jakarta 0.81 $3,108 $25,980 $13,680 $4,000 Local $46,768 $42,768
66 Turkey Istanbul 0.81 Public $25,560 $7,200 $15,000 Local $47,760 $32,760
67 Ecuador Quito 0.81 $3,108 $35,040 $8,640 $1,000 Local $47,788 $46,788
68 China Nanjing 0.81 Public $25,740 $12,060 $10,000 Local $47,800 $37,800
69 Cambodia Phnom Penh 0.81 $3,108 $29,100 $15,660 $50 Local $47,918 $47,868
70 Brazil Brasilia 0.81 Public $35,040 $11,160 $2,000 Local $48,200 $46,200
71 Tanzania Dar es Salaam 0.8 $3,108 $28,140 $15,600 $2,000 Local $48,848 $46,848
72 Colombia Bogota 0.8 Public $24,600 $8,760 $16,000 Local $49,360 $33,360
73 Brazil Sao Paulo 0.8 Public $38,040 $11,580 $100 Local $49,720 $49,620
74 Croatia Split 0.8 Public $40,800 $8,520 $1,200 Foreign $50,520 $49,320
75 Guatemala Guatemala City 0.79 $3,108 $30,432 $10,620 $7,200 Local $51,360 $44,160
76 South Africa Johannesburg 0.79 Public $36,900 $11,400 $3,500 Local $51,800 $48,300
77 Hungary Budapest 0.79 Public $36,360 $11,580 $4,000 Foreign $51,940 $47,940
78 Costa Rica San Jose 0.79 Public $41,220 $10,680 $600 Foreign $52,500 $51,900
79 Uruguay Montevideo 0.79 Public $41,640 $10,380 $500 Local $52,520 $52,020
80 Mauritius Port Louis 0.79 Public $39,840 $8,400 $4,400 Foreign $52,640 $48,240
81 Poland Warsaw 0.79 Public $35,040 $13,740 $4,000 Foreign $52,780 $48,780
82 Greece Corfu 0.79 $3,108 $41,040 $7,680 $1,000 Local $52,828 $51,828
83 Laos Vientiane 0.78 $3,108 $28,800 $22,200 $50 Local $54,158 $54,108
84 Lithuania Vilnius 0.78 Public $40,320 $11,100 $3,000 Foreign $54,420 $51,420
85 Slovakia Bratislava 0.78 $3,108 $37,800 $13,380 $1,000 Local $55,288 $54,288
86 Morocco Dakhla 0.78 $3,108 $25,128 $25,128 $2,000 Foreign $55,364 $53,364
87 Oman Muscat 0.78 Public $36,900 $16,680 $2,000 Local $55,580 $53,580
88 Russia Moscow 0.77 Public $35,040 $20,400 $1,000 Local $56,440 $55,440
89 Chile Santiago 0.77 Public $41,640 $10,860 $4,000 Foreign $56,500 $52,500
90 Slovenia Ljubljana 0.77 $3,108 $40,320 $13,080 $70 Foreign $56,578 $56,508
91 Greece Athens 0.77 $3,108 $46,440 $7,440 $50 Local $57,038 $56,988
92 Iran Tehran 0.77 $3,108 $29,520 $17,040 $8,000 Local $57,668 $49,668
93 Jordan Amman 0.77 Public $43,920 $8,340 $5,500 Local $57,760 $52,260
94 Latvia Riga 0.76 $3,108 $42,720 $8,880 $5,000 Foreign $59,708 $54,708
95 Czech Republic Prague 0.76 Public $37,380 $16,560 $6,000 Foreign $59,940 $53,940
96 South Africa Cape Town 0.76 Public $36,300 $19,980 $4,000 Local $60,280 $56,280
97 Dominican republic Santo Domingo 0.76 $3,108 $37,320 $10,140 $10,000 Local $60,568 $50,568
98 Philippines Manila 0.76 Public $26,940 $18,000 $16,000 Local $60,940 $44,940
99 Thailand Bangkok 0.76 Public $34,020 $25,020 $2,000 Local $61,040 $59,040
100 Kenya Nairobi 0.75 $3,108 $30,900 $10,980 $17,000 Local $61,988 $44,988
101 Fiji Suva 0.75 Public $34,080 $24,420 $3,600 Local $62,100 $58,500
102 Estonia Tallinn 0.75 $3,108 $44,820 $11,760 $3,000 Foreign $62,688 $59,688
103 Taiwan Taipei 0.75 Public $36,840 $24,780 $2,000 Local $63,620 $61,620
104 Panama Panama City 0.74 Public $44,040 $19,740 $100 Local $63,880 $63,780
105 China Beijing 0.74 Public $32,160 $26,580 $6,000 Local $64,740 $58,740
106 Antigua and Barbuda Saint John's 0.74 Public $34,800 $12,000 $18,000 Local $64,800 $46,800
107 Cyprus Nicosia 0.74 Public $50,100 $11,280 $3,660 Local $65,040 $61,380
108 Andorra Andorra la Vella 0.74 $3,108 $46,380 $13,800 $2,000 Local $65,288 $63,288
109 Dominica Roseau 0.74 Public $55,320 $- $10,000 Local $65,320 $55,320
110 Nigeria Lagos 0.74 $3,108 $28,080 $34,500 $250 Local $65,938 $65,688
111 Canada Montreal 0.73 Public $45,600 $17,280 $3,500 Local $66,380 $62,880
112 China Shanghai 0.73 Public $36,660 $27,780 $2,000 Local $66,440 $64,440
113 Saint Kitts and Nevis Basseterre 0.73 Public $62,040 $- $5,000 Local $67,040 $62,040
114 Ethiopia Addis Ababa 0.73 $3,108 $37,020 $27,840 $200 Local $68,168 $67,968
115 Trinidad and Tobago Port of Spain 0.72 Public $48,240 $13,920 $7,150 Local $69,310 $62,160
116 Cyprus Limassol 0.72 Public $49,200 $17,400 $3,500 Local $70,100 $66,600
117 Portugal Lisbon 0.72 $3,108 $42,600 $22,680 $2,000 Foreign $70,388 $68,388
118 Seychelles Victoria 0.71 Public $46,560 $20,664 $6,000 Local $73,224 $67,224
119 St Vincent and The Grenadines Kingstown 0.71 Public $34,320 $34,320 $5,000 Local $73,640 $68,640
120 France Nice 0.7 Public $54,480 $19,200 $500 Foreign $74,180 $73,680
121 Bahrain Manama 0.7 Public $39,840 $21,240 $13,800 Local $74,880 $61,080
122 Germany Berlin 0.69 $3,108 $50,760 $22,080 $600 Foreign $76,548 $75,948
123 Malta Valletta 0.69 $3,108 $51,720 $21,660 $1,000 Local $77,488 $76,488
124 Qatar Doha 0.68 Public $44,160 $32,760 $2,000 Local $78,920 $76,920
125 Macau Macau 0.68 Public $46,440 $25,020 $8,000 Foreign $79,460 $71,460
126 South Korea Seoul 0.68 Public $50,880 $23,400 $6,000 Local $80,280 $74,280
127 Spain Barcelona 0.68 $3,108 $46,380 $21,000 $10,000 Foreign $80,488 $70,488
128 Spain Madrid 0.67 $3,108 $47,040 $21,600 $10,000 Foreign $81,748 $71,748
129 Kuwait Kuwait City 0.67 Public $29,940 $21,900 $30,000 Local $81,840 $51,840
130 Austria Vienna 0.67 $3,108 $54,240 $23,040 $2,000 Foreign $82,388 $80,388
131 Germany Frankfurt 0.66 $3,108 $56,640 $23,520 $500 Foreign $83,768 $83,268
132 Barbados Bridgetown 0.66 $3,108 $56,640 $12,240 $14,000 Foreign $85,988 $71,988
133 Italy Rome 0.65 Public $57,240 $26,520 $4,000 Foreign $87,760 $83,760
134 Isle of Man Douglas 0.64 Public $70,800 $- $18,000 Foreign $88,800 $70,800
135 Japan Tokyo 0.64 Public $53,160 $30,000 $6,000 Foreign $89,160 $83,160
136 United Arab Emirates Abu Dhabi 0.64 $3,108 $49,800 $35,640 $1,000 Foreign $89,548 $88,548
137 Belgium Brussels 0.64 $3,108 $65,520 $19,380 $2,000 Foreign $90,008 $88,008
138 Finland Helsinki 0.64 Public $67,800 $22,920 $100 Foreign $90,820 $90,720
139 Canada Vancouver 0.64 Public $54,840 $32,100 $4,000 Local $90,940 $86,940
140 Italy Milan 0.63 Public $60,900 $27,720 $4,000 Foreign $92,620 $88,620
141 Lebanon Beirut 0.62 $3,108 $45,960 $25,320 $20,000 Local $94,388 $74,388
142 Canada Toronto 0.62 Public $58,020 $32,160 $6,000 Local $96,180 $90,180
143 Germany Munich 0.61 $3,108 $63,000 $29,040 $1,150 Foreign $96,298 $95,148
144 Singapore Singapore 0.61 Public $50,760 $39,840 $8,000 Local $98,600 $90,600
145 Turks and Caicos Islands Providenciales 0.6 $3,108 $67,200 $27,000 $1,500 Foreign $98,808 $97,308
146 France Paris 0.6 Public $63,300 $33,540 $2,000 Foreign $98,840 $96,840
147 United Arab Emirates Dubai 0.6 $3,108 $47,640 $27,480 $22,000 Foreign $100,228 $78,228
148 Vanuatu Port Vila 0.6 $3,108 $56,160 $37,860 $3,600 Local $100,728 $97,128
149 Gibraltar Gibraltar 0.59 $3,108 $54,840 $39,000 $4,500 Foreign $101,448 $96,948
150 Australia Brisbane 0.57 Public $54,000 $25,320 $28,000 Foreign $107,320 $79,320
151 New Zealand Auckland 0.56 Public $59,700 $26,520 $24,000 Foreign $110,220 $86,220
152 Netherlands Amsterdam 0.56 Public $65,220 $35,160 $10,000 Foreign $110,380 $100,380
153 Grenada Saint George's 0.55 Public $62,280 $11,100 $40,000 Local $113,380 $73,380
154 Norway Oslo 0.55 Public $84,420 $29,160 $50 Foreign $113,630 $113,580
155 Luxembourg Luxembourg City 0.55 $3,108 $71,760 $38,280 $500 Foreign $113,648 $113,148
156 Bahamas Nassau 0.53 Public $86,340 $29,280 $1,400 Foreign $117,020 $115,620
157 Jersey Saint Helier 0.53 Public $74,760 $33,360 $9,000 Foreign $117,120 $108,120
158 Sweden Stockholm 0.53 $3,108 $67,620 $26,940 $20,000 Foreign $117,668 $97,668
159 Australia Melbourne 0.52 Public $58,620 $30,480 $30,000 Foreign $119,100 $89,100
160 Denmark Copenhagen 0.52 Public $72,000 $31,560 $16,000 Foreign $119,560 $103,560
161 Iceland Reykjavik 0.52 $3,108 $87,120 $29,880 $700 Foreign $120,808 $120,108
162 United Kingdom London 0.49 Public $63,480 $51,024 $14,000 Foreign $128,504 $114,504
163 Australia Sydney 0.48 Public $58,020 $40,200 $32,000 Foreign $130,220 $98,220
164 Ireland Dublin 0.48 $3,108 $63,720 $37,560 $26,000 Foreign $130,388 $104,388
165 Turks and Caicos Islands Cockburn Town 0.47 $3,108 $63,900 $63,900 $1,500 Foreign $132,408 $130,908
166 Hong Kong Hong Kong 0.47 $5,400 $55,380 $56,760 $16,000 Foreign $133,540 $117,540
167 Switzerland Zurich 0.45 $3,108 $93,120 $39,840 $1,300 Foreign $137,368 $136,068
168 Switzerland Geneva 0.44 $3,108 $92,220 $43,440 $2,000 Foreign $140,768 $138,768
169 United States Miami 0.41 $5,400 $62,640 $37,800 $42,000 Foreign $147,840 $105,840
170 Liechtenstein Vaduz 0.4 $3,108 $73,200 $73,200 $1,000 Foreign $150,508 $149,508
171 United States Chicago 0.38 $5,400 $60,600 $37,320 $52,000 Foreign $155,320 $103,320
172 Anguilla The Valley 0.36 $3,108 $71,000 $52,200 $33,750 Foreign $160,058 $126,308
173 United States Boston 0.33 $5,400 $61,560 $50,220 $50,000 Foreign $167,180 $117,180
174 Angola Luanda 0.33 $3,108 $73,740 $87,180 $3,500 Local $167,528 $164,028
175 British Virgin Islands Road town 0.32 Public $82,500 $82,500 $5,200 Foreign $170,200 $165,000
176 Cayman Islands George Town 0.28 $3,108 $101,760 $45,240 $30,000 Foreign $180,108 $150,108
177 United States Los Angeles 0.26 $5,400 $64,020 $46,380 $70,000 Foreign $185,800 $115,800
178 United States San Francisco 0.23 $5,400 $70,620 $68,640 $48,000 Foreign $192,660 $144,660
179 United States New York 0.2 $5,400 $73,800 $78,660 $42,000 Foreign $199,860 $157,860
180 Bermuda Hamilton 0.18 Public $119,760 $67,680 $18,000 Foreign $205,440 $187,440
181 Monaco Monaco 0 $3,108 $96,000 $223,680 $26,000 Foreign $348,788 $322,788

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.