Defined Term
Cost of Living Index
Definition
A number comparing living costs between cities, with New York = 100 as baseline.
A cost of living index aggregates prices across a standardised basket of goods and services — rent, food, transport, utilities, and leisure — and expresses them relative to a reference city. WorthOf uses New York = 100 as baseline (Numbeo convention).
A city with an index of 52 is approximately half as expensive as New York. Our basket weighting: rent 38%, food and groceries 22%, utilities 12%, transport 8%, leisure 8%, healthcare 5%, other 7%.
Data sourced from Numbeo API, cross-validated quarterly against Eurostat HICP.
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