Cost of living in selected cities worldwide 2018, by price index

The composition of reference basket of goods and services represents the spending habits of a three-person European family. The prices of the 122 goods and services are weighted by monthly consumption. For example, we assume that a family in Europe consumes almost 15 kilos (33 pounds) of vegetables every month, but only buys a new personal computer every 2.5 years. Price level calculations are based on the cost of a basket of 122 goods and services including rent. For index, these reference basket prices are shown as relative to our reference city, New York City. Rent values were calculated by weighting the prices of our three types of housing equally.