Top 15 Highest Living Cost Countries
People look for a good living and a good life. Every country has a living cost that people see and manage to shift. You can also look at our previous blog related to the Quality of life Index. In This List, we will discuss which country has the highest living cost. Price to Income Ratio is a measurement that describes the affordability of purchasing apartments. If it is indicating a low level in a country, it means the country is having a better affordability. Mortgage as a percentage of income is the ratio of income that the people use to their home. The lower the value of the percentage, the better the good value of income.
Here is the List of Top 15 Highest Living Cost Countries:
1. Syria
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- Price to Income Ratio: 115.1
- Gross Rental Yield (City Centre): 2.4%
- Gross Rental Yield (Outside Centre): 3.8%
- Price to Rent Ratio (City Centre): 41.1
- Price to Rent Ratio (Outside Centre): 26.3
- Mortgage as % of Income: 1746.8%
- Affordability Index: 0.1
2. Cuba
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- Price to Income Ratio: 48.0
- Gross Rental Yield (City Centre): 24.0%
- Gross Rental Yield (Outside Centre): 28.3%
- Price to Rent Ratio (City Centre): 4.2
- Price to Rent Ratio (Outside Centre): 3.5
- Mortgage as % of Income: 530.3%
- Affordability Index: 0.2
3. Ethiopia
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- Price to Income Ratio: 47.1
- Gross Rental Yield (City Centre): 6.0%
- Gross Rental Yield (Outside Centre): 5.4%
- Price to Rent Ratio (City Centre): 16.7
- Price to Rent Ratio (Outside Centre): 18.6
- Mortgage as % of Income: 762.3%
- Affordability Index: 0.1
4. Cameroon
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- Price to Income Ratio: 46.6
- Gross Rental Yield (City Centre): 9.2%
- Gross Rental Yield (Outside Centre): 11.4%
- Price to Rent Ratio (City Centre): 10.8
- Price to Rent Ratio (Outside Centre): 8.8
- Mortgage as % of Income: 907.8%
- Affordability Index: 0.1
5. Sri Lanka
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- Price to Income Ratio: 34.2
- Gross Rental Yield (City Centre): 3.7%
- Gross Rental Yield (Outside Centre): 2.7%
- Price to Rent Ratio (City Centre): 26.7
- Price to Rent Ratio (Outside Centre): 36.5
- Mortgage as % of Income: 603.5%
- Affordability Index: 0.2
6. Nepal
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- Price to Income Ratio: 32.1
- Gross Rental Yield (City Centre): 1.7%
- Gross Rental Yield (Outside Centre): 1.8%
- Price to Rent Ratio (City Centre): 60.0
- Price to Rent Ratio (Outside Centre): 56.3
- Mortgage as % of Income: 447.4%
- Affordability Index: 0.2
7. Hong Kong (China)
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- Price to Income Ratio: 29.1
- Gross Rental Yield (City Centre): 1.9%
- Gross Rental Yield (Outside Centre): 2.2%
- Price to Rent Ratio (City Centre): 52.2
- Price to Rent Ratio (Outside Centre): 44.7
- Mortgage as % of Income: 211.2%
- Affordability Index: 0.5
8. China
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- Price to Income Ratio: 28.5
- Gross Rental Yield (City Centre): 1.6%
- Gross Rental Yield (Outside Centre): 1.9%
- Price to Rent Ratio (City Centre): 62.5
- Price to Rent Ratio (Outside Centre): 51.8
- Mortgage as % of Income: 212.9%
- Affordability Index: 0.5
9. Vietnam
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- Price to Income Ratio: 25.8
- Gross Rental Yield (City Centre): 3.0%
- Gross Rental Yield (Outside Centre): 3.6%
- Price to Rent Ratio (City Centre): 33.3
- Price to Rent Ratio (Outside Centre): 28.0
- Mortgage as % of Income: 296.2%
- Affordability Index: 0.3
10. Thailand
- Price to Income Ratio: 25.2
- Gross Rental Yield (City Centre): 2.9%
- Gross Rental Yield (Outside Centre): 3.2%
- Price to Rent Ratio (City Centre): 34.0
- Price to Rent Ratio (Outside Centre): 31.5
- Mortgage as % of Income: 213.4%
- Affordability Index: 0.5
11. Singapore
- Price to Income Ratio: 23.2
- Gross Rental Yield (City Centre): 2.9%
- Gross Rental Yield (Outside Centre): 3.1%
- Price to Rent Ratio (City Centre): 34.2
- Price to Rent Ratio (Outside Centre): 32.4
- Mortgage as % of Income: 158.4%
- Affordability Index: 0.6
12. Philippines
- Price to Income Ratio: 22.2
- Gross Rental Yield (City Centre): 3.0%
- Gross Rental Yield (Outside Centre): 3.5%
- Price to Rent Ratio (City Centre): 33.1
- Price to Rent Ratio (Outside Centre): 28.5
- Mortgage as % of Income: 211.5%
- Affordability Index: 0.5
13. South Korea
- Price to Income Ratio: 22.2
- Gross Rental Yield (City Centre): 1.2%
- Gross Rental Yield (Outside Centre): 1.1%
- Price to Rent Ratio (City Centre): 82.8
- Price to Rent Ratio (Outside Centre): 88.1
- Mortgage as % of Income: 170.6%
- Affordability Index: 0.6
14. Taiwan
- Price to Income Ratio: 21.3
- Gross Rental Yield (City Centre): 1.4%
- Gross Rental Yield (Outside Centre): 1.5%
- Price to Rent Ratio (City Centre): 74.1
- Price to Rent Ratio (Outside Centre): 67.2
- Mortgage as % of Income: 129.7%
- Affordability Index: 0.8
15. Iran
- Price to Income Ratio: 19.7
- Gross Rental Yield (City Centre): 6.3%
- Gross Rental Yield (Outside Centre): 6.8%
- Price to Rent Ratio (City Centre): 15.9
- Price to Rent Ratio (Outside Centre): 14.7
- Mortgage as % of Income: 454.8%
- Affordability Index: 0.2
Conclusion:
Syria has the highest living cost among the countries. There are also other countries which has highest property prices and highest living cost. China also stands at no. 8 in the list and Singapore in 11 with Price to Income ratio of 28.5 and 23.2.
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