Cost of living infographic: How countries compare globally
Ireland ranks 11th in index of most expensive countries in the world to live in
The cost of living is 8 per cent lower in Ireland than in New York, according to data compiled by Numbeo and MoveHub. Image: MoveHub.com
Thinking of moving abroad and want to know more about the cost of living in your destination? Numbeo is a useful website detailing the average price of goods and services in countries and cities around the world, based on data contributed by almost 200,000 people globally.
Using the dropdown menu, you can find out the average price of items ranging from monthly gym membership to a pair of Nike shoes, a litre of petrol, broadband rental or a pint of beer in a pub.
The cost of groceries, for instance, is made up of the price for meat, bread, rice, eggs, fruit, vegetables and alcohol. Transportation costs include one-way tickets, monthly passes, taxi fares, petrol prices as well as the price of a Volkswagen Golf.
Restaurant costs include the price of a meal - including coffee, alcohol and water - in a range of restaurants. The price of electricity, heating, water and internet are considered under the utilities heading.
The Numbeo data for cost of living in Ireland is based on 5,418 entries in the past 18 months from 685 different contributors living in the country.
Expat website MoveHub has created an infographic (below) which simplifies the Numbeo data, ranking 119 countries globally based on the cost of food in supermarkets, restaurants, transport and utilities (it doesn’t include housing, clothing and education).
India, Nepal, Pakistan, Tunisia and Algeria have emerged as the cheapest places to live based on these criteria, while Switzerland, Norway, Venezuela, Iceland and Denmark are the most expensive.
Ireland falls just outside the top ten, ranking as the 11th most expensive country. Ireland has a CPI of 92.09, meaning the cost of living here is just under 8 per cent less than in New York.
How does cost of living where you live compare to Ireland? Let us know in the comments section below.