Country Indexes

Each country has their own foreign currency, flag, languages, different type of industry and etc... When we travel to certain country, ops, it is expensive, and ops again, it might be cheaper in certain area, and wonder how would they survive provided with the following table:

Table A: Cost of Living higher than Kuala Lumpur, Malaysia
Table B: Quality of Life in different countries
Table C: Monthly Average Salary in RM for different countries

Download Country Indexes

Table A
Indexes are relative to New York City (NYC). Which means that for New York City, each index should be 100(%). If another city has, for example, rent index of 120, it means rents in average in that city are 20% more expensive than in New York City. If the city has rent index of 70, that means in the average in that city rents are 30% less expensive than in New York City.

Consumer Price Excl. Rent Index (CPI) is relative indicator of consumer goods price, including groceries, restaurants, transportation and utilities. CPI Index doesn't include accommodation expenses such as rent or mortgage. If city has CPI index of 120, it means estimation 20% more expensive than New York (excluding rent).

Rent Index is estimation of prices of renting apartments in the city compared to New York City. If Rent index is 80, estimation that price for renting in that city is 80% of price in New York.

Groceries Index is an estimation of grocery prices in the city compared to New York City.

Restaurants Index is a comparison of prices of meals and drinks in restaurants and bars compared to NYC.

Consumer Price Plus Rent Index is an estimation of consumer goods prices including rent in the city comparing to New York City.

Local Purchasing Power shows relative purchasing power in buying goods and services in a given city for the average wage in that city. If domestic purchasing power is 40, this means that inhabitants of that city with the average salary can afford to buy 60% less typical goods and services than New York City residents with an average salary.

Table B
Quality of Life Index is estimation of overall quality of live by using formula
index.main = 65 + purchasingPowerInclRentIndex - (housePriceToIncomeRatio * 2) - cpiIndex / 5 + safetyIndex * 3 / 4 + healthIndex / 2 - trafficTimeIndex / 2 - pollutionIndex;

The information above plug from dated 17 June 2012.

Basically Hong Kong, Singapore, Tokyo, Seoul, Taipei, Sydney, New York, and London, their prices index is much higher than Kuala Lumpur, Malaysia as shown in Table A while the Quality of Life index in Table B that Malaysia ain't that bad and not forgetting, average monthly salary range is quite different, probably Malaysia is the lowest probably tally with the low living costs.


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