The Numbeo platform updated its cost of living index for 2023which is based on New York (United States) to measure more than 500 cities in the world in relation to the average price of different consumer goods such as food, restaurants, transportation and public services.
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According to the list, internationally, Hamilton (Bermuda) is positioned as the most expensive city by registering 140.4. In other words, this means that it is 39% more expensive than New York, considering that the latter has a benchmark of 100%.
The ‘top’ 3 is complemented by Basel with 130 and Zurich with 128.5, both located in Switzerland.
In the case of Latin America, and in line with the quality of life of its inhabitants, the most expensive capital is Montevideo (Uruguay) with 61.2, followed by Santiago (Chile), with 52.5; and Georgetown (Guyana), which has 46.1 points.
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How did Colombia do?
Within the ranking, there are five Colombian cities, among which Medellín ranks as the most expensive in the country, reporting 30.7 and ranking 487.
This is followed by Cartagena (30.1) in position 494 and Cali (29.7) in position 496.
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Bogotá continues by registering 29.3, Barranquilla with 26.4 and Bucaramanga with 22.6. Regarding the classification, these are located in boxes 500, 510 and 539, respectively.
It should be noted that the capital of the department of Santander stood out for being the cheapest city in Latin America.