FLASH NEWS
Cost of living, Tirana and Belgrade the most expensive in the region, Pristina the cheapest
2022-07-13 08:00:00 / EKONOMI&SOCIALE
Belgrade in Serbia and Tirana in Albania are the two most expensive capital cities in the region, according to the mid-year index of Numbeo, the largest database of living costs.
Belgrade has an index of 38.8% and Tirana 38.37%. This index measures the cost of living in relation to New York City, which has this indicator at 100%.
The cheapest in the region is Prishtina in Kosovo, with an index of 26.3% of the cost of living in New York, followed by Skopje in North Macedonia (32.94%), Podgorica in Montenegro (34.52%), Sarajevo in Bosnia Herzegovina (35.34).
The cost of living index (excluding rent) is a relative indicator of the prices of consumer goods, including groceries, restaurants, transportation and utilities. The cost of living index does not include accommodation expenses such as rent or mortgage. If a city has a Cost of Living Index of 120, that means Numbeo has estimated it to be 20% more expensive than New York (excluding rent).
Numbeo also measures the rent index, an estimate of rental apartment prices in the city compared to New York City. For Tirana, this index is 10.8%, for Belgrade 13.73%, for Skopje 7%, for Podgorica 9.24%, for Pristina 8.32% and for Sarajevo 7.46%.
In the restaurant index, which is again a comparison of the prices of meals and drinks in restaurants and bars compared to New York, the cheapest is Prishtina, at 19.6% of the New York average, followed by Sarajevo (23.6%). Podgorica (25%), Tirana (28.9%). The most expensive is Belgrade, where a meal in a restaurant costs on average 35% of New York.
Shopping in supermarkets is more expensive in Tirana and Podgorica, at 31% of the New York average. Next is Sarajevo with 30.4%. It is cheaper in Pristina (23.5%) and Podgorica (25%),
The most expensive cities in the world are located in Switzerland, such as Basel, where the cost of living is 120% of the average of New York Zurich (118%). Cities in India, Pakistan, Sri Lanka, Colombia, etc. have the lowest cost of living compared to New York (15-20%).
The global wave of price increases has increased the cost of living everywhere in the world. This inflation, which for the most part is not accompanied by an increase in income, is expected to increase poverty everywhere in the world.
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