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The cost of renting property around the globe

Photos logoPhotos 20-08-2015

© VStock LLC/Tetra Images/Corbis Research website Expatistan recently released a list of the most expensive cities in the world. The Cost of Living Index value is calculated for each city by assigning a value of 100 to a central reference city (that happens to be Prague). Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. Here is a look at the cost of renting an 900-square-feet (85 square meter) furnished accommodation for a month in the 15 most and 15 least expensive cities around the globe. All data was correct at 10.30am (GMT) on July 31, 2015. 

Beautiful view of the Eiffel Tower in Paris, France. © HAUSER Patrice / hemis.fr Beautiful view of the Eiffel Tower in Paris, France.

First, is the countdown of 15 most expensive places to rent a property in the world.

15. Paris, France - 259
Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $2,822
1 pair of jeans (Levis 501 or similar): $108
2 tickets to the movies: $22
1 liter (1/4 gallon) of gas: $1.51

14. Honolulu, Hawaii, United States - 261

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $2,580
1 pair of jeans (Levis 501 or similar): $48
2 tickets to the movies: $24
1 liter (1/4 gallon) of gas: $0.98

13. Abu Dhabi, United Arab Emirates - 288

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $2,945
1 pair of jeans (Levis 501 or similar): $75
2 tickets to the movies: $22
1 liter (1/4 gallon) of gas: $0.49

Residential town houses stand on a hill beyond the banks of the River Aar in Bern, Switzerland. © Valentin Flauraud/Bloomberg Residential town houses stand on a hill beyond the banks of the River Aar in Bern, Switzerland.

12. Bern, Switzerland - 295 

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $2,758
1 pair of jeans (Levis 501 or similar): $134
2 tickets to the movies: $38
1 liter (1/4 gallon) of gas: $1.72

11. Washington, D.C., United States - 297

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $2,816
1 pair of jeans (Levis 501 or similar): $45
2 tickets to the movies: $24
1 liter (1/4 gallon) of gas: $0.86

10. San Jose, California, United States - 301

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $3,177
1 pair of jeans (Levis 501 or similar): $42
2 tickets to the movies: $22
1 liter (1/4 gallon) of gas: $0.90

Private yachts are berthed outside luxury apartments at Sentosa Cove in Singapore. © Munshi Ahmed/Bloomberg Private yachts are berthed outside luxury apartments at Sentosa Cove in Singapore.

9. Singapore - 302

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $3,258
1 pair of jeans (Levis 501 or similar): $90
2 tickets to the movies: $16
1 liter (1/4 gallon) of gas: $1.55

8. Boston, Massachusetts, United States - 314

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $3,071
1 pair of jeans (Levis 501 or similar): $45
2 tickets to the movies: $23
1 liter (1/4 gallon) of gas: $0.76

7. Grand Cayman, Cayman Islands - 339

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $2,900
1 pair of jeans (Levis 501 or similar): $100 
2 tickets to the movies: $29
1 liter (1/4 gallon) of gas: $1.40

Brownstone buildings stand in central Harlem, New York, U.S.A. © Jin Lee/Bloomberg Brownstone buildings stand in central Harlem, New York, U.S.A. 6. Zurich, Switzerland - 339 

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $3,532
1 pair of jeans (Levis 501 or similar): $139 
2 tickets to the movies: $40 
1 liter (1/4 gallon) of gas: $1.72 

5. New York City (United States) - 347

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $3,699
1 pair of jeans (Levis 501 or similar): $57
2 tickets to the movies: $29
1 liter (1/4 gallon) of gas: $0.79 

4. London, United Kingdom - 351

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $3,949
1 pair of jeans (Levis 501 or similar): $103
2 tickets to the movies: $36
1 liter (1/4 gallon) of gas: $1.95

Waterfront, residential houses on the right shores of Lake Geneva, Geneva, Switzerland. © MyLoupe/UIG via Getty Images Waterfront, residential houses on the right shores of Lake Geneva, Geneva, Switzerland.

3. Geneva, Switzerland - 352

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $3,551
1 pair of jeans (Levis 501 or similar): $131
2 tickets to the movies: $38
1 liter (1/4 gallon) of gas: $1.72

2. San Francisco, California, United States – 417

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $4,555
1 pair of jeans (Levis 501 or similar): $53
2 tickets to the movies: $25
1 liter (1/4 gallon) of gas: $1.02

1. Hong Kong - 444

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $5,088
1 pair of jeans (Levis 501 or similar): $91
2 tickets to the movies: $22
1 liter (1/4 gallon) of gas: $2.16

The Latin Bridge over the Miljacka River in Sarajevo. © Eric Nathan/LOOP IMAGES/Loop The Latin Bridge over the Miljacka River in Sarajevo.

Now, the countdown of 15 least expensive places to rent a property in the world.

15. Sarajevo, Bosnia and Herzegovina - 62

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $456
1 pair of jeans (Levis 501 or similar): $72
2 tickets to the movies: $7
1 liter (1/4 gallon) of gas: $1.28

14. Skopje, Macedonia - 60

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $505
1 pair of jeans (Levis 501 or similar): $58 
2 tickets to the movies: $9
1 liter (1/4 gallon) of gas: $1.27

13. Szeged, Hungary - 60

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $419 
1 pair of jeans (Levis 501 or similar): $66
2 tickets to the movies: $10
1 liter (1/4 gallon) of gas: $1.40 

High apartment building in Debrecen, Hungary.  © majorosl/Getty Images High apartment building in Debrecen, Hungary. 

12. Sofia, Bulgaria - 56

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $493 
1 pair of jeans (Levis 501 or similar): $56
2 tickets to the movies: $10
1 liter (1/4 gallon) of gas: $1.34 

11. Debrecen, Hungary - 56

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $380
1 pair of jeans (Levis 501 or similar): $56
2 tickets to the movies: $9
1 liter (1/4 gallon) of gas: $1.32 

10. Cluj-Napoca, Romania - 55

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $454
1 pair of jeans (Levis 501 or similar): $58
2 tickets to the movies: $10
1 liter (1/4 gallon) of gas: $1.42

View of panorama Novi Sad, Serbia, from Petrovaradin Fortress. © vladacanon/Getty Images View of panorama Novi Sad, Serbia, from Petrovaradin Fortress.

9. Novi Sad, Serbia - 54

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $351
1 pair of jeans (Levis 501 or similar): $70
2 tickets to the movies: $6
1 liter (1/4 gallon) of gas: $1.35 

8. Chennai, India - 52

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $409 
1 pair of jeans (Levis 501 or similar): $32
2 tickets to the movies: $4.20 
1 liter (1/4 gallon) of gas: $1.10

7. Timisoara, Romania - 51

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $383 
1 pair of jeans (Levis 501 or similar): $64 
2 tickets to the movies: $9
1 liter (1/4 gallon) of gas: $1.45 

Developed area in city, Pune, Maharashtra, India. © yogesh_more/Getty Images Developed area in city, Pune, Maharashtra, India.

6. Pune, India - 51

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $362
1 pair of jeans (Levis 501 or similar): $37
2 tickets to the movies: $6
1 liter (1/4 gallon) of gas: $1.19

5. Chişinău, Moldova - 51

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $438
1 pair of jeans (Levis 501 or similar): $51
2 tickets to the movies: $9
1 liter (1/4 gallon) of gas: $0.95 

4. Hyderabad, India - 49

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $364
1 pair of jeans (Levis 501 or similar): $34
2 tickets to the movies: $5.56 
1 liter (1/4 gallon) of gas: $1.13

Apartment building in Bangalore, India. © N Vasuki Rao/Getty Images Apartment building in Bangalore, India.

3. Bangalore, India - 48

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $397
1 pair of jeans (Levis 501 or similar): $36
2 tickets to the movies: $8
1 liter (1/4 gallon) of gas: $1.13

2. Mostar, Bosnia and Herzegovina - 47

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $302
1 pair of jeans (Levis 501 or similar): $79
2 tickets to the movies: $10
1 liter (1/4 gallon) of gas: $1. 24

1. Tuzla, Bosnia and Herzegovina - 46

Monthly rent for 900-square-feet (85 square meter) furnished accommodation: $266
1 pair of jeans (Levis 501 or similar): $57
2 tickets to the movies: $4.44
1 liter (1/4 gallon) of gas: $1.17

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