Which ASEAN Capital is the Most Expensive for Residents?

Which ASEAN Capital is the Most Expensive for Residents?

The cost of living is the level of prices of basic necessities in life, including food costs, housing, and medical care. Which city is the most and least expensive to live around the ASEAN Region? Check is out.

/// ASEAN ///

 

According to a Numbeo survey for 2017, Singapore has the highest cost of living of all ASEAN capitals, and Manila the cheapest. Bangkok and Phnom Penh take distant second and third places on the cost-of-living index. The survey made no mention of the capitals of Laos, Myanmar, and Brunei.

Numbeo is the world’s largest database of user contributed data about cities and countries worldwide.

The region’s most expensive city for residents, Singapore scores 85 out of 200 on the cost-of-living index, 67.38 on the rent index, 76.36 on the cost of living plus rent index, 76.68 on the groceries index, 61.31 on the restaurant prices index, and 92.08 on the local purchasing power index.

The cost-of-living index is a theoretical price index that measures relative cost of living over time or regions. It takes into account the price of goods and services to compare how expensive it is to live in one city against another.

Second-place Bangkok scores 52.19 out of 200 on the cost-of-living index, 25.14 on the rent index, 38.93 on the cost of living plus rent index, 59.03 on the groceries index, 25.62 on the restaurant prices index, and 41.66 on the local purchasing power index.  

Phnom Penh is the third most expensive ASEAN capital scoring 50.16 out of 200 on the cost-of-living index, 19.71 on the rent index, 35.23 on the cost of living plus rent index, 54.90 on the groceries index, 24.37 on the restaurant prices index, and 21.51 on the local purchasing power index.

The Numbeo survey finds Manila to be the least expensive of ASEAN capitals with a low 41.47 out of 200 on the cost-of-living index, 18.71 on the rent index, 30.31 on the cost of living plus rent index, 38.41 on the groceries index, 28.19 on the restaurant prices index, and 42.23 on the local purchasing power index.

The costs of living in the ASEAN capitals are low compared to those of cities in Europe. Geneva is the most expensive city to live in Europe scoring 132.79 out of 200 on the cost-of-living index, followed by Basel (130.57), Zurich (130.04), Zug (123.83), and Lausanne (117.77), all of which are cities in Switzerland.

Hamilton, Bermuda is the most expensive city in North America scoring 141.84 out of 200 on the cost-of-living index, outranking second-place New York City (100), and third-place Honolulu, Hawaii (99.54).Elsewhere in Asia, Kuwait City has the highest cost of living (91.38), followed by Tokyo (90.97) in second place, and Singapore (85) in third place.

Top 20 – the highest cost of living index in the world // Source : Numbeo.com

Link: https://www.numbeo.com/cost-of-living/

About the Author

X