10 Most Expensive Countries to Live in Asia: Is Indonesia on the List?
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The cost of living in most parts of the world has continued to rise throughout the year. This is inseparable from currency volatility, supply chain issues, the impact of taxes and subsidies, and changing consumer preferences.
Based on the numbeo.com website, which measures the cost of living worldwide, here are the 10 Asian countries with the highest cost of living index in 2022.
1. Israel - 88.05 points
2. Singapore - 83.98 points
3. Hong Kong - 80.71 points
4. Japan - 77.03 points
5. South Korea - 73.22 points
6. Lebanon - 69.62 points
7. Macau - 66.81 points
8. Qatar - 62.81 points
9. Taiwan - 62.35 points
10. Cyprus - 59.03 points
Meanwhile, Indonesia's cost of living index ranks 27th among other Asian countries with a score of 35.85. Indonesia is right behind Malaysia, which has a score of 37.02 points.
Numbeo uses several indicators to calculate the 2020 cost of living index. These indicators include comparisons of house rental prices, grocery prices, food and beverage prices at restaurants, transportation, household utility bills, school fees, household assistants, and recreation costs.
(Read More: 10 Best Countries in the World to Spend Retirement)
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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