Americas Cost of Living – 2010

The Americas most expensive city, as at 1 July 2010, is Brasilia which is the world’s fourth most expensive city to live in. Caracas (ranked 11 in the world) is the second most expensive city in the Americas; however this may change as a result of the recent devaluation of the official exchange rate. Brasilia and Caracas are ranked first and second most expensive cities for education in the world. Nassau (ranked 35 in the world) is the third most expensive city, while New York (ranked 39 in the world) is the fourth most expensive city in the America’s and most expensive in the United States of America. The cheapest city to live in the Americas is Quito in Ecuador (ranked 276 in the world). The cheapest city surveyed in the United States of America is Indianapolis Ind (ranked 259 in the world).

Most expensive cities in the Americas (Global rank in brackets)
1. Brazil, Brasilia (4)
2. Venezuela, Caracas (11)
3. Bahamas, Nassau (35)
4. USA, New York NY (39)
5. Falkland Islands, Stanley (53)
6. Bermuda, Hamilton (54)
7. Canada, Toronto (62)
8. USA, San Francisco Calif (77)
9. Canada, Vancouver (78)
10. USA, Boston Mass (79)

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Israel, Jerusalem – Cost of Living

The economy of Israel, despite limited natural resources, has seen intensive development of the agricultural and industrial sectors over the past decades which has made Israel largely self-sufficient in food production, apart from grains and beef.

Jerusalem is the capital of Israel and its largest city. Historically, Jerusalem’s economy was supported almost exclusively by religious pilgrims, as it was located far from the major ports of Jaffa and Gaza. Jerusalem’s religious landmarks today remain the top draw for foreign visitors, with the majority of tourists visiting the Western Wall and the Old City. The government, centered in Jerusalem, generates a large number of jobs, and offers subsidies and incentives for new business initiatives and start-ups.

Jerusalem 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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Isle of Man, Douglas – Cost of Living

The economy of the Isle of Man is a low tax economy with no capital gains tax, wealth tax, stamp duty, or inheritance tax and a top rate of income tax of 18%. Offshore banking, manufacturing, and tourism form key sectors of the economy.

Douglas (Manx: Doolish) is the capital and largest town of the Isle of Man. Douglas is home to the High Courts and the Isle of Man Government. The town serves as the Island’s main hub for business, finance, shipping, transport, shopping, and entertainment.

Douglas 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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Ireland, Dublin – Cost of Living

The economy of Ireland has transformed in recent years from an agricultural focus to a modern knowledge economy, focusing on services and high-tech industries and dependent on trade, industry and investment. Economic growth in Ireland averaged a (relatively high) 10% from 1995?2000, and 7% from 2001?2004. Industry, which accounts for 46% of GDP, about 80% of exports, and 29% of the labour force, now takes the place of agriculture as the country’s leading sector.

Dublin is the largest city and capital of Ireland. The Economy of Dublin is centralised in the capital city of Ireland. As such, Dublin is the largest city and the country’s main economic hub. Most government agencies and the machinery of government including the parliament are based there. Dublin is the focal point of Irish media and culture, the countries transportation networks are centred upon the city.

Dublin 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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The Secret to Moving

The biggest secret I have found to moving is to stay calm, my stomach always used to churn every time my husband would say: “Let’s look at moving to London, Perth, Colorado….” I would have this rush in the pit of my stomach and wonder how we were going to cope with the challenge.

 

Now, I take it one step at a time. What do we do first, what do we need to know before we make the decision, how does the family feel about a new culture, different schools, a new home and most importantly new friends.

 

So, where do we start? Usually with the most important questions, why are we moving and do we really want to change from our comfort zone, once you have been able to answer these questions and you have more positives about leaving than staying (and the answer to this could be as simple as being offered a job in a new country), then you need to start researching the place you are moving to.

 

Questions start surfacing such as will we fit in and be happy in a new country, what is the education like, medical facilities, culture, politics, housing, work conditions, transport and entertainment? How many expats like ourselves will be living there, will our life be normal or will we have to adjust too extremely, and are we happy to do this?

 

This is where I start searching the internet, http://www.wikipedia.com is a great site to get an overall overview on any country in the world and it will cover all the basic factual information for you, including geographical location, population, historical background, religion, culture, education, economic situation and political info.

 

On getting a basic understanding of a country, I would then start looking at government sites and gathering information about the ease of moving to this country. What is required from a governmental legal perspective, including visa’s, whether a spouse can work on entry, how long a spouse needs to wait before starting to work, what legal rights do you have in the country, can you take your pets with and how does this work, what furniture can you take with (some countries do not allow wooden furniture into a country if it has not been treated) these government sites will cover any and all questions of this nature for you.

 

Finally and probably more importantly are the forums and blogs you can find, where expats can inform you of what to expect and you can ask any question and expect an honest answer. These sites can come across with mixed emotions from people who are enjoying the move and loving the country to those who hate every minute of their stay. The relevant question to ask here is why….why are they enjoying or hating it and then make your own decision?

 

The above would be the questions that I would want answered, as the spouse that stays at home and cares for the children, however bread winner wants a different question answered. They want to know what they should be earning in the new country and this is where xpatulator.com can be relevant to you. Xpatulator gives you the answers you are looking for dependant on the questions you answer in the Cost of Living Calculator. It will determine what your salary in the new country should be to maintain your standard of living, and at the end of the day as the spouse that stays at home you need to know these answers as well.

 

Why, you may ask? Because $200 000 may sound like a fabulous salary, however if your cost of living in the country you are moving too is extremely high, it may not cover your costs on a monthly basis. With the calculator, you can determine whether or not you will be able to afford to live in the new country. The calculator will work out the salary you should be earning if you have to cover all costs, or if your company will cover some of those costs for you. They also cover the Negative Cost of Living and Negative Hardship. What are these you ask with horror? Negative Cost of Living refers to a location that has a lower cost of living than the country you are living in and selecting to use this will result in a proportional decrease in the salary required e.g. if you had to move from London to Zimbabwe you will find the cost of living will be lower (negative difference). Negative Hardship refers to less hardship in the new location e.g. if you had to move from Zimbabwe to London you will find that your quality of living will be easier (negative difference).

 

So before you disregard the importance of what you need to earn when moving to a new country, take all aspects into account. At the end of the day what you will earn, will determine the school, home, medical facilities and entertainment you will be able to afford. So the secret to moving from one country to another, may be your emotional stability and happiness in the new location, however this is often determined by how much money is sitting in your bank account.

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Iraq, Baghdad – Cost of Living

The economy of Iraq is dominated by the oil sector, which has traditionally provided about 95% of foreign exchange earnings. There have been attempts by the international community to improve and repair the infrastructure of Iraq in the aftermath of the 2003 invasion, when much was destroyed.

Baghdad is the capital of Iraq. Efforts have been devoted to the restoration and repair of badly damaged urban infrastructure.

Baghdad 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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Middle East Cost of Living – 2010

The Middle East has experienced a drop in inflation in most cities over the past two years following a few years of relatively high inflation. The strong link of most regional currencies to the United States Dollar has resulted in many regional currencies strengthening against other major currencies. The United States Dollar has strengthened against the Euro by around 21% in the past two years making imports from Europe into the region cheaper.

Doha (ranked 69 in the world), with one of the highest economic growth rates in the world, is the most expensive city in the Middle East, as at 1 July 2010, followed by Abu Dhabi (ranked 73 in the world). The largest change in cost of living has been in Dubai (ranked 131 in the world) with a cost of living index of 82.15 (New York = 100), currently the sixth most expensive city surveyed in the Middle East, having previously been ranked amongst the most expensive cities in the region. Household accommodation, which comprises 30% of the 13 basket groups based on expatriate expenditure norms, has fallen dramatically in Dubai in the past year, as a result of over-supply, given the impact of the financial crises. The cheapest city surveyed in the Middle East (and cheapest in the world) is Sanaa in Yemen (ranked 282 in the world) with a cost of living index of 51.76, almost half that of New York which has a cost of living index of 100.

Most expensive cities in the Middle East (Global rank in brackets)
1. Qatar, Doha (69)
2. United Arab Emirates, Abu Dhabi (73)
3. Israel, Jerusalem (76)
4. Bahrain, Manama (81)
5. Saudi Arabia, Riyadh (123)
6. United Arab Emirates, Dubai (131)
7. Lebanon, Beirut (138)
8. Kuwait, Kuwait City (171)
9. Iran, Tehran (172)
10. Syria, Damascus (186)

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Iran, Tehran – Cost of Living

The economy of Iran is a mixture of central planning, state ownership of oil and other large enterprises, village agriculture, and small-scale private trading and service ventures. Its economic infrastructure has been improving steadily over the past two decades but continues to be affected by inflation and unemployment.

Tehran is the capital and largest city of Iran. Tehran is the economic centre of Iran. About 30% of Iran’s public-sector workforce and 45% of large industrial firms are located in Tehran and almost half of these workers work for the government. Most of the remainder of workers are factory workers, shopkeepers, laborers, and transport workers.

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

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Indonesia, Jakarta – Cost of Living

The economy of Indonesia is the largest economy in Southeast Asia, is one of the emerging market economies of the world, and is also a member of G-20 major economies. It has a market-based economy in which the government plays a significant role by owning more than 164 state-owned enterprises and administers prices on several basic goods, including fuel, rice, and electricity.

Jakarta is the capital and largest city of Indonesia. Jakarta’s economy depends heavily on financial service, trade, and manufacturing. Industry includes electronics, automotive, chemicals, mechanical engineering and biomedical sciences manufacturing.

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

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India, New Delhi – Cost of Living

The economy of India is the twelfth largest economy in the world by nominal value and the fourth largest by purchasing power parity (PPP). In the 1990s, following economic reform from the socialist-inspired economy of post-independence India, the country began to experience rapid economic growth, as markets opened for international competition and investment. In the 21st century, India is an emerging economic power with vast human and natural resources, and a huge knowledge base.

New Delhi is the capital of India. ew Delhi is situated within the metropolis of Delhi and serves as the seat of the Government of India and the Government of the National Capital Territory of Delhi. Government and quasi government sector is the primary employer in New Delhi. The city’s service sector has expanded due in part to the large skilled English-speaking workforce that has attracted many multinational companies. Key service industries include information technology, telecommunications, hotels, banking, media and tourism.

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

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