SPAIN STILL CHEAPER THAN THE UK TO LIVE

An internet site aimed at helping to ease the burden of moving abroad, has compiled a list of global data revealing the cost of living for those looking to relocate.

Whilst factoring in such elements as the cost of housing and food, with data provided by Numbeo, Movehub reveals that Switzerland, Norway, Venezuela, Iceland and Denmark are at the top of the list when it comes to the high cost of living, whereas those looking to save on their daily life costs should look towards developing nations like India, Nepal, Pakistan, Tunisia and Algeria.

The data is collated by means of a Consumer Price Index, used to determine the difference in the living costs between countries, which takes into account the prices of groceries, transportation, restaurants and utilities. For this latest data revelation, the CPI is based on a country’s living costs compared to new york. So, for instance, if a country has a CPI of 70, on average it enjoys 30% cheaper living costs compared to new york.

For its part, Spain comes in with a CPI of 65.7, far lower than the assessed cost of living in the UK, which is relatively similar itself to New York, on average, in the 92.9 CPI. Spain is therefore also slightly cheaper than the likes of Zimbabwe, Argentina and the United Arab Emirates, but slightly more expensive than Slovenia, Jamaica and Costa Rica.

In terms of what is classed as an everyday cost of living, a Cappuccino in Alicante will set you back the equivalent of £1.28, £1.32 in Barcelona, £1.70 in Madrid, £1.28 in Málaga and £1.70 in Marbella. A cinema ticket costs £6.01 in Alicante, £6.82 in Barcelona and Madrid, £7.03 in Málaga and £5.88 in Marbella. Petrol costs £1.19 in Alicante, £1.24 in Barcelona and Madrid, £1.21 in Málaga and £1.17 in Marbella. For the little tipple, wine will cost £4.03 in Alicante, £4.26 in Barcelona, £3.92 in Madrid, £2.98 in Málaga and £4.88 in Madrid. Finally, the average rent is £5.11.49 in Alicante, £937.73 in Barcelona, £1,193.48 in Madrid, £575.43 in Málaga and £852.48 in Marbella.

Making comparison to the UK, our cappuccino will cost £2.29 in Birmingham, £2.49 in Brighton, £2.09 in Edinburgh, £1.99 in Leeds, and £2.49 in London. A cinema ticket is £6.98 in Birmingham, £14.95 in Brighton, £7.97 in Edinburgh, £7.60 in Leeds, and £11.26 in London. As for vehicle fuel, we are looking at £1.37 in Birmingham and Brighton, £1.35 in Edinburgh, ££1.38 in Leeds, and £1.40 in London. Our little tipple of wine works out on average at £4.98 in Birmingham, £4.97 in Brighton, £6.73 in Edinburgh, £6.33 in Leeds, and £6.98 in London. Finally, the average rent is £996.45 in Birmingham, £1,295.38 in Brighton, £996.45 in Edinburgh, £797.16 in Leeds, and £2590.76 in London

There is no doubt of course that prices will differ in all cities and the different businesses within those cities, but these figures are calculated as an average using the same formula across the entire globe. There may be discrepancies in the separate prices, but the differences between the countries is based on the same criteria, and is therefore indicative of the overall cost of living.

There is no doubt however that despite rising prices across much of the developed world, Spain still remains a more cost effective option to the many expatriates who have chosen the country as a home, and the many more still choosing to invest in property whilst the prices are so low, the lowest they have been for many years, although starting to rise once again.

Filed under: http://www.theleader.info/article/46181/

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