Move over, Switzerland. The British territory Bermuda is now the chart-topper in the department of consumer price index.

MoveHub, a company that helps expats adjust to their new countries, has gathered consumer price index data into one infographic. New York is set as a benchmark. Bermuda is 26.34 percent more expensive despite having only payroll tax (in part shouldered by the employer) and no income tax.

ADVERTISEMENT - CONTINUE READING BELOW


Last year, Hamilton in Bermuda made headlines for being the most expensive city in the world. According to price survey group Numbeo, the median cost of living there is $4,769, around P235,373 in today's conversion.

More From FemaleNetwork.com

U.K. has been dislodged from the list of 15 most costly places to live in. Hong Kong and Singapore, included in this year's top five, are cheaper than New York by only 19.53 and 23.43 percent respectively.

ADVERTISEMENT - CONTINUE READING BELOW

Egypt has the lowest consumer price index and is 85.95 percent cheaper than New York--a staggering difference.

*1 U.S. dollar = 49.35 PHP

More From FemaleNetwork.com

This story originally appeared on Townandcountry.ph.

* Minor edits have been made by the Femalenetwork.com editors.

Personal Loan Calculator
Use this calculator to know how much you'll be paying based on current interests of banks.*
This is required.
This is required.
*Rates can change without prior notice.
Continue
Get the latest updates from Female Network
Subscribe to our Newsletter!
View More Articles About:
Travel Destinations
Recommended Videos
Comments
Trending on Network

Latest Stories

This Street Vendor in Valenzuela City Offers Free Taho to COVID-19 Frontliners

The Filipino "bayanihan" spirit is truly alive and well amid the pandemic.

WHO Warns PH Authorities Against Ending Quarantine Too Early

The IATF has yet to evaluate if the Luzon-wide quarantine should end or be extended.

How Mayor Kit Nieto’s Response to COVID-19 Inspired Bayanihan in Cainta, Rizal

The municipality of Cainta is proving that kindness can still thrive even in the most frantic of situations.
Load More Stories