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World Cost of Living Calculator 2018

Reviewed by Calculator Editorial Team

This calculator helps you estimate the cost of living in different countries based on 2018 data. By comparing key expenses like housing, food, transportation, and utilities, you can better understand the purchasing power in various locations.

How to Use This Calculator

To calculate the cost of living in a specific country for 2018:

  1. Select your home country from the dropdown list
  2. Choose the country you want to compare from the second dropdown
  3. Enter your monthly expenses in your home country
  4. Click "Calculate" to see how much those expenses would cost in the comparison country

Note: This calculator uses 2018 cost of living data. For current comparisons, check more recent sources.

Understanding the Cost of Living Index

The cost of living index is a numerical representation of the relative cost of living in different locations. It's calculated based on a basket of goods and services that represent typical living expenses.

Cost of Living Index Formula:

COLI = (Sum of weighted expenses in target country) / (Sum of weighted expenses in home country) × 100

Where:

  • COLI = Cost of Living Index
  • Weighted expenses are calculated based on typical consumption patterns

A higher index means higher costs relative to your home country, while a lower index indicates lower costs.

2018 Cost of Living Comparison

Here's a sample comparison of the cost of living in several countries based on 2018 data:

Country Cost of Living Index Sample Monthly Expenses (USD)
United States 100 $2,500
Germany 85 $2,125
Japan 92 $2,300
Switzerland 120 $3,000
Brazil 45 $1,125

This table shows that living in Brazil would be significantly cheaper than in Switzerland, while Japan offers a balance between cost and quality of life.

Interpreting Your Results

When you use this calculator, you'll receive several key pieces of information:

  1. Cost of Living Index: Shows how expensive living is in the comparison country relative to your home country
  2. Adjusted Monthly Expenses: Estimates how much your current expenses would cost in the comparison country
  3. Key Expense Breakdown: Shows how different categories (housing, food, transportation) contribute to the total cost

Remember that this is an estimate. Actual costs may vary based on your specific lifestyle and location within the country.

Frequently Asked Questions

Is the 2018 data still relevant today?

The 2018 data provides a historical snapshot, but costs have likely changed. For current comparisons, check more recent sources or use this calculator as a general guide.

How accurate is this calculator?

This calculator uses publicly available cost of living data and provides estimates. For precise figures, consult official government or local economic reports.

Can I compare more than two countries at once?

Currently, this calculator compares two countries at a time. For multi-country comparisons, you may need to run multiple calculations.