Seoul Fourth Most Expensive City in Asia | Be Korea-savvy

Seoul Fourth Most Expensive City in Asia


16203744352_a993dfa669_z

SEOUL, Feb. 2 (Korea Bizwire)Among 106 major cities in Asia, Seoul ranked fourth in terms of cost of living. According to Numbeo, information providers on world living conditions on February 1, the most expensive city in terms of living cost in Asia was Singapore with a CPI of 94.08. Following Singapore were Macau (89.12), Tokyo (85.67) and Seoul (82.30).

Numbeo calculated the CPIs of the cities with New York as the reference, with a base score of 100. If a certain city’s CPI is 120, it means the city is 20 percent more expensive when it comes to consumer prices. Numbeo’s CPI includes the prices of consumer goods such as groceries, the cost of dining-out, transportation fees and utility bills, but excludes rent.

Meanwhile, the least expensive city among the 106 surveyed was Thiruvananthapuram in India, with a CPI of only 21.00.

16059861869_8185397b57_z

16263431175_83c3d6b409_z

Image Credit: Brad Hammonds/flickr / photonews@koreabizwire.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>