South Asia Cost of Living – 2010

Posted on October 9, 2010 by Xpatulator

South Asia is the least expensive region in the world for expatriates to live in. The most expensive city surveyed is Mumbai (ranked 94 in the world), followed by New Delhi (ranked 127 in the world), and Chennai (ranked 129 in the world). The Indian Rupee has weakened by 7% against the United States Dollar over the past two years. The cheapest city in South Asia is Thimphu in Bhutan (ranked 298 in the world).

 

Tokyo is the most expensive city in the world in which to live, out of 300 global locations, surveyed in September 2010. While Tokyo is relatively cheap for items such as alcohol & tobacco (ranked 145), it is the most expensive for groceries and healthcare, and household accommodation costs. Tokyo has always been relatively expensive. This trend has strengthened again recently, as a result of the Japanese Yen having gained in value by about 18% against the United States Dollar in the past two years.

As the most expensive city in the world, Tokyo has an overall cost of living index of 155.4 (New York = 100), while Dubai (ranked 60 in the world) has a cost of living index of 88.84. Therefore Tokyo’s cost of living is 75% higher than Dubai. That means that an expatriate earning USD$5,000 per month in Dubai would need to earn USD$8,750 per month in Tokyo to enable them to have the same purchasing power, and therefore a similar standard of living as they had in Dubai. The cost of living for an expatriate is affected by both the availability and prices, of goods and services representative of an expatriate lifestyle, local inflation, and the exchange rate between the home and host country. As a result the cost of living has a significant impact of an expatriate’s salary package.

 

Most expensive cities in South Asia (Global rank in brackets)
1. India, Mumbai (94)
2. India, New Delhi (127)
3. India, Chennai (129)
4. India, Calcutta (130)
5. Maldives, Male (135)
6. India, Hyderabad (142)
7. India, Bangalore (160)
8. Afghanistan, Kabul (194)
9. Bangladesh, Dhaka (263)
10. Pakistan, Lahore 276)

 

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International Cost of Living Rankings – September 2010

Posted on October 9, 2010 by Xpatulator

Xpatulator.com’s cost of living data is based on prices for the same quantity and quality of goods and services, representative of expatriate lifestyle, in each city. The data is collected and updated on a quarterly basis. The cost of living data is used by Xpatulator.com clients to calculate salary purchasing power parity, cost of living allowances, and customized (i.e. clients can select their own base city) cost of living indexes for expatriate assignments online, using Xpatulator.com’s 3 premium content calculators.

 

The 13 basket groups do not count equally and are weighted according to expatriate expenditure norms as follows (weighting percentage is in brackets):

 

1. Alcohol & Tobacco (2%): Alcoholic beverages and tobacco products.
2. Clothing (2.5%): Clothing and footwear products.
3. Communication (2%): Telephone, Internet, Mobile Contract and Calls.
4. Education (5%): Creche Fees, School Fees, College Fees, and Tertiary Study Fees.
5. Furniture & Appliances (5%): Furniture, household equipment and appliances.
6. Groceries (16.5%): Food, non-alcoholic beverages and cleaning materials.
7. Healthcare (5%): Doctor Consultation rates, Private Ward Rate, Prescription Medicine, and Private Medical Insurance Contributions.
8. Household (30%): Housing rental, utilities, local rates and residential taxes.
9. Miscellaneous (3%): Stationary, Linen and general goods and services.
10. Personal Care (3%): Personal Care products and services.
11. Recreation & Culture (6%): Books, Camera Film, Cinema Ticket, DVD and CD’s, Sports goods, Theatre Tickets.
12. Restaurants Meals Out and Hotels (2%): Dinner at Restaurant (non fast food), Hotel Rates, Take Away, Drinks & Snacks (fast Food).
13. Transport (18%): Public Transport, Vehicle Costs, Vehicle Fuel, Vehicle Insurance and Vehicle Maintenance.

 

Figures used in this report were taken from Xpatulator.com’s cost of living database as at 1 September 2010. The above ranks are based on the overall cost of living index using all 13 basket groups with New York as the base city (Cost of living index = 100).

 

The full September 2010 list of all 300 international locations using all 13 basket groups is as follows:

 

September 2010 Rank Country, City

1 Japan, Tokyo
2 Venezuela, Caracas
3 China, Hong Kong
4 Japan, Osaka
5 Brazil, Sao Paulo
6 Japan, Nagoya
7 Brazil, Rio de Janeiro
8 Switzerland, Geneva
9 Russia, Moscow
10 Switzerland, Zurich
11 Japan, Yokohama
12 Norway, Oslo
13 Brazil, Brasilia
14 Angola, Luanda
15 China, Shanghai
16 Denmark, Copenhagen
17 Liechtenstein, Vaduz
18 Bahamas, Nassau
19 United Arab Emirates, Abu Dhabi
20 Singapore, Singapore
21 USA, New York NY
22 Australia, Sydney
23 United Kingdom, London
24 Korea Republic of, Seoul
25 Australia, Canberra
26 France, Paris
27 Papua New Guinea, Port Moresby
28 Qatar, Doha
29 Monaco, Monaco
30 Vanuatu, Port Vila
31 Canada, Toronto
32 Trinidad and Tobago, Port-of-Spain
33 Nigeria, Lagos
34 Jersey, Saint Helier
35 Russia, St. Petersburg
36 Bermuda, Hamilton
37 Solomon Islands, Honiara
38 Taiwan, Taipei
39 Australia, Melbourne
40 Australia, Perth
41 Azerbaijan, Baku
42 Canada, Vancouver
43 Guernsey, St Peter Port
44 Austria, Vienna
45 Germany, Munich
46 Kiribati, South Tarawa
47 Bahrain, Manama
48 Isle of Man, Douglas
49 Italy, Milan
50 United Kingdom, Glasgow
51 Gabon, Libreville
52 Finland, Helsinki
53 Canada, Calgary
54 Falkland Islands, Stanley
55 Sudan, Khartoum
56 Germany, Frankfurt
57 Italy, Rome
58 Micronesia, Palikir
59 Congo Democratic Rep, Kinshasa
60 United Arab Emirates, Dubai
61 Cayman Islands, George Town
62 Chad, NDjamena
63 USA, San Francisco Calif
64 Saint Helena, Jamestown
65 Croatia, Zagreb
66 USA, Boston Mass
67 Germany, Cologne
68 Turkey, Istanbul
69 Canada, Montreal
70 United Kingdom, Birmingham
71 Belgium, Brussels
72 New Caledonia, Noumea
73 Mali, Bamako
74 Netherlands, Amsterdam
75 United Kingdom, Leeds
76 Slovakia, Bratislava
77 USA, Washington DC
78 Indonesia, Jakarta
79 San Marino, San Marino
80 Central African Republic, Bangui
81 Germany, Hamburg
82 Israel, Jerusalem
83 Australia, Brisbane
84 USA, San Jose Calif
85 Estonia, Tallinn
86 Ireland, Dublin
87 Luxembourg, Luxembourg
88 Kazakhstan, Almaty
89 Sierra Leone, Freetown
90 Iceland, Reykjavik
91 Sao Tome and Principe, Sao Tome
92 Germany, Berlin
93 Germany, Bonn
94 India, Mumbai
95 Jamaica, Kingston
96 Djibouti, Djibouti
97 United Kingdom, Belfast
98 Congo, Brazzaville
99 USA, Anchorage AK
100 USA, Philadelphia Pa
101 Uruguay, Montevideo
102 New Zealand, Auckland
103 Liberia, Monrovia
104 Canada, Ottawa
105 Spain, Madrid
106 France, Lyon
107 Colombia, Bogota
108 Barbados, Bridgetown
109 Sweden, Stockholm
110 Martinique, Fort-de-France
111 Czech Republic, Prague
112 Cameroon, Douala
113 Australia, Adelaide
114 Vatican City, Vatican City
115 Turkey, Ankara
116 China, Beijing
117 Puerto Rico, San Juan
118 Nauru, Yaren
119 Lebanon, Beirut
120 Zambia, Lusaka
121 USA, Los Angeles Calif
122 France, Marseille
123 Cameroon, Yaounde
124 Cook Islands, Avarua
125 Spain, Barcelona
126 Guam, Hagatna
127 India, New Delhi
128 Samoa, Apia
129 India, Chennai
130 India, Calcutta
131 Ghana, Accra
132 Marshall Islands, Majuro
133 Cote DIvoire, Abidjan
134 Greenland, Nuuk
135 Maldives, Male
136 Hungary, Budapest
137 Malawi, Lilongwe
138 Turkmenistan, Ashgabat
139 USA, San Diego Calif
140 Rwanda, Kigali
141 Palestinian Territories, West Bank
142 India, Hyderabad
143 USA, Chicago Ill
144 Chile, Santiago
145 USA, Portland Ore
146 Syria, Damascus
147 Malta, Velletta
148 Peru, Lima
149 Tuvalu, Funafuti
150 Namibia, Windhoek
151 USA, Baltimore Md
152 Ukraine, Kiev
153 South Africa, Johannesburg
154 Portugal, Lisbon
155 USA, Seattle Wash
156 Tanzania, Dar es Salaam
157 Guadeloupe, Basse-Terre
158 Iran, Tehran
159 Togo, Lome
160 India, Bangalore
161 USA, Miami Fla
162 Guinea, Conakry
163 Kuwait, Kuwait City
164 Senegal, Dakar
165 Guinea-Bissau, Bissau
166 Comores, Moroni
167 Timor-Leste, Dili
168 Brunei, Bandar Seri Begawan
169 Cape Verde, Praia
170 Philippines, Manila
171 Madagascar, Antananarivo
172 Burkina Faso, Ouagadougou
173 Thailand, Bangkok
174 Mexico, Mexico City
175 Saint Vincent and the Grenadines, Kingstown
176 Saudi Arabia, Riyadh
177 Andorra, Andorra la Vella
178 Greece, Athens
179 French Polynesia, Papeete
180 Guatemala, Guatemala City
181 Lithuania, Vilnius
182 Georgia Republic of, Tbilisi
183 Somalia, Mogadishu
184 USA, Phoenix Ariz
185 Honduras, Tegucigalpa
186 Montenegro, Podgorica
187 South Africa, Pretoria
188 Egypt, Cairo
189 Guyana, Georgetown
190 USA, Las Vegas Nev
191 South Africa, Cape Town
192 Poland, Warsaw
193 Armenia, Yerevan
194 Afghanistan, Kabul
195 Haiti, Port-au-Prince
196 Gibraltar, Gibraltar
197 Cuba, Havana
198 Cyprus, Nicosia
199 Jordan, Amman
200 Fiji, Suva
201 USA, Detroit Mich
202 Benin, Cotonou
203 USA, Denver Colo
204 Grenada, Saint Georges
205 Palau, Melekeok
206 Seychelles, Victoria
207 Panama, Panama City
208 South Africa, Durban
209 USA, Cleveland Ohio
210 Costa Rica, San Jose
211 Kenya, Nairobi
212 Belarus, Minsk
213 Saint Kitts and Nevis, Basseterre
214 USA, Atlanta GA
215 Malaysia, Kuala Lumpur
216 Northern Mariana Islands, Saipan
217 USA, Charlotte NC
218 Iraq, Baghdad
219 Algeria, Algiers
220 Dominica, Roseau
221 Oman, Muscat
222 USA, Jacksonville Fla
223 Gambia, Banjul
224 Antigua and Barbuda, Saint Johns
225 USA, Milwaukee Wis
226 Dominican Republic, Santo Domingo
227 Eritrea, Asmara
228 USA, Pittsburgh Penn
229 Botswana, Gaborone
230 Mozambique, Maputo
231 French Guiana, Cayenne
232 Serbia, Belgrade
233 Niger, Niamey
234 Slovenia, Ljubljana
235 USA, Tampa Fla
236 China, Wuhan
237 China, Shenzhen
238 Latvia, Riga
239 Saudi Arabia, Jeddah
240 USA, Dallas Tex
241 Vietnam, Hanoi
242 USA, Fort Worth Tex
243 Laos, Vientiane
244 USA, San Antonio Tex
245 Moldova, Chisinau
246 USA, Houston Tex
247 China, Dalian
248 Nicaragua, Managua
249 Burundi, Bujumbura
250 Belize, Belmopan
251 USA, Columbus Ohio
252 USA, St Louis MO
253 Mongolia, Ulaanbaatar
254 China, Macao
255 Romania, Bucharest
256 Equatorial Guinea, Malabo
257 USA, Austin Tex
258 Ethiopia, Addis Ababa
259 Macedonia, Skopje
260 El Salvador, San Salvador
261 Vietnam, Ho Chi Minh City
262 Mauritania, Nouakchott
263 Bangladesh, Dhaka
264 USA, El Paso Tex
265 Kyrgyzstan, Bishkek
266 Mauritius, Port Louis
267 Saint Lucia, Castries
268 USA, Memphis Tenn
269 Argentina, Buenos Aires
270 Paraguay, Asuncion
271 Kosovo, Pristina
272 Ecuador, Quito
273 Myanmar, Yangon
274 China, Guangzhou
275 Lesotho, Maseru
276 Pakistan, Lahore
277 Morocco, Rabat
278 Bulgaria, Sofia
279 USA, Indianapolis Ind
280 Swaziland, Mbabane
281 China, Tianjin
282 Zimbabwe, Harare
283 Pakistan, Islamabad
284 Nepal, Kathmandu
285 Suriname, Paramaribo
286 Albania, Tirana
287 Uzbekistan, Tashkent
288 Pakistan, Karachi
289 Uganda, Kampala
290 Korea Democratic Republic of, Pyongyang
291 Tajikistan, Dushanbe
292 Bosnia and Herzegovina, Sarajevo
293 Libya, Tripoli
294 Bolivia, La Paz
295 Cambodia, Phnom Penh
296 Sri Lanka, Colombo
297 Tunisia, Tunis
298 Bhutan, Thimphu
299 Tonga, NukuAlofa
300 Yemen, Sanaa

 

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Belize, Belmopan – Cost of Living

Posted on October 9, 2010 by Xpatulator

The economy of Belize is small and essentially private enterprise economy that is based primarily on agriculture, agro-based industry, and merchandising, with tourism and construction recently assuming greater importance.

Belmopan is the capital of Belize. Belmopan is the seat of government. As a result many of its inhabitants work for the national government in various administrative or technical roles. Belmopan currently has business establishments, international banks, several local financial institutions, a modern bus terminal and market complex.

Belmopan has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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Why are Expatriates paid differently to local people?

Posted on October 9, 2010 by Xpatulator

Most countries have a two tier Pay Market. The two distinct pay markets are typically an Expatriate Market and a Local Market.

 

The Expatriate Market is largely determined by the origin of each Expatriate. It is quite normal to have considerable differences between Expatriates doing exactly the same job, in the same country. These differences are largely caused by three factors:

  • The Cost of Living difference between the Home Country (country of origin) and Host Country (where they work)
  • The Relative Hardship difference between Home and Host Country. For example, ,moving to a country where more day to day hardship will be experienced, would normally result in more pay to compensate for the hardship
  • The Exchange Rate difference between the Home and Host Country

 

On the other hand the Local Market is largely determined by local supply and demand for skills.

 

Depending on a number of factors, such as the availability of skills, rate of economic growth, and the type of economy, the percentage of expatriates versus locally employed people will vary.

 

Expatriate Pay is typically calculated by using the Expatriates salary in their Home Country as the start point and by calculating an appropriate salary in the Host Country using the Cost of Living difference, relative hardship, and exchange rate. This is either done using a company in-house policy or using an international relocation calculator.

 

Local Pay is typically determined by the prevailing market salary levels. These salary levels are typically reported in salary surveys run by independent Remuneration Consultancies.

 

We can conclude therefore that Expatriate Pay is primarily determined by factors outside the host country as well as differences between the host country and the Expatriate’s home country.  Local Pay is primarily determined by factors within the country, such as strength of the economy and the supply and demand for skills.

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Bahrain, Manama – Cost of Living

Posted on October 9, 2010 by Xpatulator

The economy of Bahrain is largely based on petroleum and natural gas, the only significant natural resources in Bahrain, which provide about 60% of budget revenues. Bahrain was the first Persian Gulf state to discover crude oil. Because of limited reserves, Bahrain has worked to diversify its economy over the past decade.

Manama is the capital and largest city of Bahrain. Manama is the focal point of the Bahraini economy. Several multinationals have facilities and offices in and around Manama. The economic base for Manama itself is financial services, with over two hundred financial institutions and banks based in the CBD and the Diplomatic Area.

Manama has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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Bahamas, Nassau – Cost of Living

Posted on October 8, 2010 by Xpatulator

The economy of The Bahamas is that of a stable, developing nation heavily dependent on tourism and offshore banking.

Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas. Nassau has nearly 80 percent of the entire population of The Bahamas. The city is located on the island of New Providence, which functions much like a federal district. While there is no local government, it is governed directly as an administrative division of the national government.

Nassau has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The latest cost of living rank for each of the 13 Basket Groups is now available.

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Communication International Cost of Living Ranking 2010

Posted on October 8, 2010 by Xpatulator

This report provides you with the rank of Communication cost of living indexes as at September 2010 for each of our 300 global locations. The indexes are calculated using the prices for specific quantities of the same goods and services in each location, based on expatriate spending patterns across 13 broad categories (Basket Groups). Our calculators make use of the cost of living indexes, based on your input and Xpatulator’s data, to create reports online which you can save, e-mail or convert to a pdf file.

 

Communication costs include various communication costs such as home telephone rental and call charges, internet connection and service provider fees, mobile / cellular phone contract and calls.

 

Xpatulator.com is the most comprehensive source of international cost of living index information.

 

The September 2010 communication international cost of living rank is as follows:

 

September 2010 Rank Country, City

1 Swaziland, Mbabane
2 Peru, Lima
3 Thailand, Bangkok
4 Kiribati, South Tarawa
5 Solomon Islands, Honiara
6 New Caledonia, Noumea
7 Kenya, Nairobi
8 Burkina Faso, Ouagadougou
9 Papua New Guinea, Port Moresby
10 Saint Lucia, Castries
11 Colombia, Bogota
12 Latvia, Riga
13 Germany, Munich
14 Gabon, Libreville
15 Bolivia, La Paz
16 Germany, Frankfurt
17 Germany, Cologne
18 Germany, Berlin
19 Norway, Oslo
20 Botswana, Gaborone
21 Germany, Bonn
22 Belarus, Minsk
23 Germany, Hamburg
24 Cameroon, Douala
25 Malawi, Lilongwe
26 Cameroon, Yaounde
27 Togo, Lome
28 Slovakia, Bratislava
29 Madagascar, Antananarivo
30 Burundi, Bujumbura
31 Brazil, Sao Paulo
32 Dominica, Roseau
33 USA, Boston Mass
34 Bahamas, Nassau
35 Italy, Milan
36 Djibouti, Djibouti
37 Italy, Rome
38 China, Beijing
39 Somalia, Mogadishu
40 Saint Vincent and the Grenadines, Kingstown
41 Brazil, Rio de Janeiro
42 Nicaragua, Managua
43 Nepal, Kathmandu
44 Cape Verde, Praia
45 Honduras, Tegucigalpa
46 USA, Philadelphia Pa
47 French Polynesia, Papeete
48 Armenia, Yerevan
49 Oman, Muscat
50 Sierra Leone, Freetown
51 Brazil, Brasilia
52 Vatican City, Vatican City
53 Turkmenistan, Ashgabat
54 Japan, Tokyo
55 Tunisia, Tunis
56 Kazakhstan, Almaty
57 Azerbaijan, Baku
58 Estonia, Tallinn
59 Croatia, Zagreb
60 Cote DIvoire, Abidjan
61 Costa Rica, San Jose
62 San Marino, San Marino
63 Greece, Athens
64 Chile, Santiago
65 Moldova, Chisinau
66 Marshall Islands, Majuro
67 Saint Kitts and Nevis, Basseterre
68 Russia, Moscow
69 Uruguay, Montevideo
70 Mauritania, Nouakchott
71 Liechtenstein, Vaduz
72 Micronesia, Palikir
73 Bangladesh, Dhaka
74 Eritrea, Asmara
75 Mexico, Mexico City
76 Nauru, Yaren
77 Monaco, Monaco
78 Spain, Madrid
79 Morocco, Rabat
80 Mozambique, Maputo
81 Pakistan, Lahore
82 Guinea-Bissau, Bissau
83 Ethiopia, Addis Ababa
84 USA, Detroit Mich
85 Tuvalu, Funafuti
86 Spain, Barcelona
87 China, Wuhan
88 Mali, Bamako
89 Bermuda, Hamilton
90 China, Shenzhen
91 Austria, Vienna
92 Palau, Melekeok
93 Pakistan, Islamabad
94 Angola, Luanda
95 Guadeloupe, Basse-Terre
96 Grenada, Saint Georges
97 China, Shanghai
98 Pakistan, Karachi
99 China, Dalian
100 Vanuatu, Port Vila

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Asia-Pacific Cost of Living – 2010

Posted on October 8, 2010 by Xpatulator

Tokyo is the costliest city in the world in which to live.

Tokyo is the most expensive city in the world in which to live, out of 300 global locations, surveyed in September 2010. While Tokyo is relatively cheap for items such as alcohol & tobacco (ranked 145), it is the most expensive for groceries and healthcare, and household accommodation costs. Tokyo has always been relatively expensive. This trend has strengthened again recently, as a result of the Japanese Yen having gained in value by about 18% against the United States Dollar in the past two years.

As the most expensive city in the world, Tokyo has an overall cost of living index of 155.4 (New York = 100), while Dubai (ranked 60 in the world) has a cost of living index of 88.84. Therefore Tokyo’s cost of living is 75% higher than Dubai. That means that an expatriate earning USD$5,000 per month in Dubai would need to earn USD$8,750 per month in Tokyo to enable them to have the same purchasing power, and therefore a similar standard of living as they had in Dubai. The cost of living for an expatriate is affected by both the availability and prices, of goods and services representative of an expatriate lifestyle, local inflation, and the exchange rate between the home and host country. As a result the cost of living has a significant impact of an expatriate’s salary package.

Asia-Pacific has 4 of the 10 most expensive cities in the world. Tokyo is first and Hong Kong the third most expensive location in the world (and most expensive in greater China), whilst Osaka is the third most expensive city in Asia-Pacific (ranked 4 in the world), followed by Nagoya (ranked 6 in the world).

Cities in mainland China remain relatively cheap, mainly due to the pegging of the Chinese Yuan to the US Dollar which has kept costs down. Within mainland China, Shanghai (ranked 15 in the world), and Beijing (ranked 116 in the world) are the most expensive locations. The cheapest city surveyed in China is Tianjin (ranked 281 in the world) with a cost of living index of 60.34 (New York = 100). The cheapest city in Asia-Pacific is NukuAlofa in Tonga (ranked 299 in the world) with a cost of living index of 54.45 (New York = 100).

Most expensive cities in Asia-Pacific (Global rank in brackets)
1. Japan, Tokyo (1)
2. China, Hong Kong (3)
3. Japan, Osaka (4)
4. Japan, Nagoya (6)
5. Japan, Yokohama (11)
6. China, Shanghai (15)
7. Singapore (20)
8. Australia, Sydney (22)
9. Korea Republic of, Seoul (24)
10. Australia, Canberra (25)

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Barbados, Bridgetown – Cost of Living

Posted on October 8, 2010 by Xpatulator

The economy of Barbados has transformed itself from a low-income economy dependent upon sugar production, into an upper-middle-income economy based on tourism and the offshore sector.

The City of Bridgetown is the capital and largest city of the nation of Barbados. Bridgetown is a major West Indies tourist destination, and the city acts as an important financial, informatics and convention centre in the Caribbean region.

Bridgetown has an overall cost of living index which equates it with middle cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The cost of living rank for each of the 13 Basket Groups is now available.

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Bangladesh, Dhaka – Cost of Living

Posted on October 8, 2010 by Xpatulator

The economy of Bangladesh remains a developing nation despite continuous domestic and international efforts to improve its economic and demographic prospects. Its per capita income in 2008 was US$520 compared to the world average of $10,200. Bangladesh grows very significant quantities of rice (chal), tea (Cha) and mustard. Although two-thirds of Bangladeshis are farmers, more than three quarters of Bangladesh?s export earnings come from the garment industry. A large part of foreign currency earnings also comes from the remittances sent by expatriates living in other countries.

Dhaka is the capital of Bangladesh and the principal city of Dhaka District. Dhaka is the commercial heart of Bangladesh. The city has a growing middle class population, driving the market for modern consumer and luxury goods. The city has historically attracted a large number of migrant workers.

Dhaka has an overall cost of living index which equates it with low cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.

The cost of living rank for each of the 13 Basket Groups is now available.

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