The index compares the price of dwelling relative to the next reference cities: New York Metropolis for Numbeo and Prague for Expatistan – which have an index rating of 100 (100%). The index seems to be on the relative prices throughout a number of classes, together with lease, the price of meals, transport and leisure.
It additionally takes the native buying energy into consideration.
If one other metropolis has, for instance, a lease index of 120, it implies that on a mean in that metropolis, rents are 20% dearer than within the reference metropolis. If a metropolis has a lease index of 70, which means on a mean in that metropolis, rents are 30% inexpensive.
Numbeo’s index assessed 598 cities in 2021, up from 440 in 2020, whereas Expatistan ranked 199 cities, down from 288 in 2020.
Within the Numbeo index, Swiss and Norwegian cities rank as the costliest globally, with costs as much as 37% increased than in New York – whereas cities in India rank as being a few of the most cost-effective, with costs round a fifth of these in New York.
Solely 12 cities – from Switzerland, Norway and one from Bermuda – had been discovered to be dearer than New York.
With Expatistan, US and Swiss cities had been discovered to be the costliest to reside in. As with the Numbeo index, Hamilton, Bermuda, was ranked as the costliest metropolis on this planet, with costs 46% increased than New York, and nearly triple the costs of Prague.
The price of dwelling within the small Bermudan island – its capital – has surged over time, pushed by its standing as a tax haven and vacationer vacation spot, drawing many foreigners to its shores. Subsequently, the price of primary necessities, property, and different vacationer staples have shot up.
South African cities
4 South African cities characteristic throughout each indices in 2021, with Durban dropping out of Expatistan’s protection.
Pretoria, which beforehand ranked as the costliest metropolis in Africa, has now dropped down the record, beneath Johannesburg (379th on Numbeo), which ranks because the fourth most costly metropolis on the continent.
Johannesburg has additionally outranked Pretoria on the Expatistan itemizing, inserting 138th, total.
Each indices are primarily based on user-submitted information, and solely characteristic cities the place a statistically consultant variety of submissions can be found.
The desk beneath exhibits how the South African cities rank, in addition to their price relative to the reference cities.
Value of dwelling in SA
The rankings record particular information on the price of dwelling in South African cities.
The desk beneath covers 5 classes (transport, lease, salaries, utilities and leisure) which include the typical costs throughout all main cities coated by Numbeo and Expatistan.
|Metropolis||Common disposable wage||Month-to-month transport prices||Hire for a 1-bedroom residence within the metropolis centre||Primary utilities||Meal for 2 folks at a restaurant|
|Johannesburg||R20 618||R1 274||R6 924||R1 472||R600|
|Pretoria||R20 296||R1 350||R5 292||R1 486||R500|
|Cape Town||R20 824||R550||R10 553||R1 219||R550|
|Durban||R15 960||R750||R5 208||R1 473||R500|
The graphs beneath define how the typical wage is portioned throughout South Africa’s main cities.