Comprehensive Study of Cost of Living Impact on Quality of Life
Our comprehensive study focuses on understanding the impact of the cost of living on quality of life. By assessing various factors such as housing, food, healthcare, and other expenses, we aim to provide insights into how the cost of living influences your overall well-being and standard of living.
According to the Quality of Life Index in January 2021, Zurich, Geneva, and Oslo were ranked as the top three cities with the highest cost of living. These cities received index scores of 136, 131.7, and 106.1, respectively. The high cost of living in these areas is primarily influenced by factors such as housing prices, food costs, and other essential expenses.
On the other hand, Lahore, Karachi, and Thiruvananthapuram had relatively lower scores on the cost of living index, indicating a more affordable lifestyle compared to the top-ranked cities. These locations offer relatively lower expenses for housing, food, and other necessities, which can positively impact the overall quality of life.
In January 2022 and January 2023, Zurich consistently maintained its position as the city with the highest cost of living. Basel and Beirut ranked second and third, respectively, in 2022, while Geneva and Honolulu secured the second and third positions in 2023. These cities have relatively higher expenses, particularly in areas such as housing and daily necessities.
Conversely, cities like Islamabad, Lahore, and Karachi consistently appeared with lower cost of living scores. These locations provide a more affordable lifestyle compared to the top-ranking cities, allowing residents to manage their expenses more comfortably.
Our comprehensive study on the cost of living's impact on quality of life helps you understand how different locations fare in terms of expenses and affordability. By considering the cost of living, you can make informed decisions about where to live and plan your budget accordingly, ensuring a better overall quality of life.
