Three Ukrainian cities have found themselves at the bottom of the world ranking of the cost of living. Find out what places were taken by Kyiv, Odessa and Lviv, as well as which cities are considered the most expensive to live in

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In recent years, especially after the outbreak of a full-scale war, the cost of living in Ukraine has decreased significantly. This trend is also observed in the largest cities of Ukraine. We tell you which Ukrainian cities are among the cheapest to live in. 

It should be noted that there are 218 positions in the world rating Numbeo. The cost of living in each city is calculated on the basis of average expenses for a family of four.

The ranking takes into account the costs of basic consumer goods and services, such as prices of consumer goods, rent, food costs, prices in restaurants, total living expenses together with rent, as well as local purchasing power (average salary).

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Which cities are considered the most expensive?

In the first half of 2024, the top positions in the cost of living rankings belonged to cities in Switzerland and the United States, with New York at the head.

Cost of living index, cities:

🔺Geneva, Switzerland - 101.7;

🔺Zurich, Switzerland - 104.0;

🔺 New York, USA - 100;

🔺San Francisco, USA - 90.5;

🔺Boston, USA - 85.8.

At the same time, Ukrainian cities were at the bottom of the rating with the following indicators:

🔻Kiev - 199 (28.6 per cent);

🔻Odessa - 202 (27.2%);

🔻Lviv - 204 (25.8 per cent).

In particular, in the Ukrainian capital, prices for consumer goods are 72 per cent lower compared to New York, rent is 89 per cent lower, food is 73 per cent lower, restaurant prices are 76 per cent lower, and the average salary is 57 per cent lower.

All three cities are experiencing a decline in the cost of living. In 2024, living in Kiev, Odessa and Lviv was respectively 32.3%, 29.5% and 28.4% of New York prices.

We remind you! Earlier, the annual rating of the best cities for living was compiled. Kiev was at the bottom of the list, and the best region was Western Europe. Which city took the first place, and who was in the list of outsiders, read here.

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