Comparison of worldwide cost of living

Comparison of living costs around the world Living is the most expensive in Bermuda and the cheapest in Palestine. In this video, which shows 100 countries around the world, the United States comes in seventeenth place. The cost of living is periodically calculated into roughly representative baskets of consumer goods. But there are several factors that complicate global comparisons. For example, a typical apartment has no standard size or furniture. Even the quality of a packet of branded butter is not the same in developing countries. Therefore, such comparisons should be viewed with caution. In addition, the prevailing average income level should play a role in comparing costs.