Uploaded by: Knoema
Accessed On: 07 March, 2017
These indices 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 a city has rent index of 70, that means in the average in that city rents are 30% less expensive than in New York City.
Cost of Living Index (Excl. Rent) is a relative indicator of consumer goods price, including groceries, restaurants, transportation and utilities. Cost of Living Index doesn't include accommodation expenses such as rent or mortgage. If a city has a Cost of Living Index of 120, it means Numbeo estimates it is 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, Numbeo estimates 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. To calculate this section, Numbeo uses "Markets"section of each city.
Restaurants Index is a comparison of prices of meals and drinks in restaurants and bars compared to NYC.
Cost of Living 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 the 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.