Spain among Europe’s cheapest nations in a recent study.

By | January 22, 2015

Spain-among-Europes-cheapest-nations-in-a-recent-study Spain is one of the cheapest places to live in Western Europe and is 35 percent cheaper than New York according to new figures.

A new cost of living index produced by Numbeo reveals life in Spain is a third cheaper than in the Big Apple.

The index determined the difference in living costs between countries taking into account the prices of groceries, transportation, restaurants and utilities.

According to Numbeo, Spain has a rent index of 21.53 which means renting in the country come in at a fifth of the price of New York and puts Spanish rents roughly on par with those in China and Trinidad and Tobago.

Spain’s cheap rents have even prompted some Londoners to consider commuting to the UK capital from Spain.

Spain’s Restaurant Price Index is 71.09, making it 30 percent cheaper to eat out in Spain than in New York. It costs around the same amount to eat out in Mozambique and Russia as it does in Spain.

The Consumer Price Index in Spain (65.70) is on par with Zimbabwe (65.89) and Slovenia (65.15).

Switzerland tops the list of the most expensive countries. It is 26 percent more expensive than New York and is the most expensive place to buy groceries in the world. The top three is rounded off by two oil-rich nations: Norway, in second place and Venezuela in third.

Down at the bottom of the list, India comes in as the cheapest country in the world with a consumer price index of 26.27, followed by Nepal with 28.85 and Pakistan with 30.71.

An interesting map reveals living costs around Europe.

cost-of-living-around-the-world

Courtesy: The Local Spain

If you would like to buy property in Marbellaon The Costa del Sol in Spain, go to http://www.alwaysmarbella.com

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