A new cost of living index declares Denmark the fifth most expensive nation in the world.
The index is based on data collected by Numbeo, which bills itself as the world’s largest database of user-contributed data on costs and prices around the world.
Numbeo determined the difference in living costs between countries taking into account the prices of groceries, transportation, restaurants and utilities. It used costs in New York City as the basis for comparison.
Numbeo puts Denmark’s overall cost of living as roughly equal to that of New York, but Denmark’s rent index is just 34.71, meaning that rents in Denmark are almost two thirds cheaper than in the Big Apple
But while rents may be relatively cheap, eating out is definitely not. Denmark’s restaurant price index is 117.53, making it the third most expensive country for dining out behind Norway and Switzerland.
Numbeo estimates that a meal for two at a mid-range Danish restaurant costs €75.70, or about 565 kroner.
Those seeking cheap eats should head to India, the most affordable of 110 nations ranked. A meal for two there costs only seven euro or 52 kroner.
Denmark is also the ninth most expensive countries for buying groceries.
Switzerland tops Numbeo’s list of the most expensive countries. It is 26 percent more expensive than New York and is the most expensive place to buy groceries in the world. The top three is rounded off by two oil-rich nations: Norway, in second place and Venezuela in third. Iceland, at two percent more expensive than New York, took the fourth place spot.
Down at the bottom of the list, India comes in as the cheapest country in the world with a consumer price index of 26.27, followed by Nepal with 28.85 and Pakistan with 30.71.
An interesting map from MoveHub reveals living costs around the world.