Hamilton, the capital of Bermuda, is the city with

2022-07-22
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Hamilton, the capital of Bermuda, has the highest cost of living in the world

this is from the ranking released by the data company numbeo (G19 note: This is a crowdsourcing website on price comparison founded by Mladen adamovic, a former engineer of Google). The company keeps updating data and has just released the 2017 cost of living index. The index of this form is based on New York City, and its value is set to 100. If the index of a city is 130, the cost of living in that city is 30% higher than that in New York; If a city's index is 70, it is 30% lower than New York

Hamilton's index is 141.59, nearly 10 points higher than Geneva, Switzerland, which ranks second

as a small island country with a population of less than 65000, Bermuda imports most of its goods. According to the data provided by the world bank, this country has the fourth highest tax rate in the world, which has significantly increased the prices of food, cars, gasoline, electrical appliances and household goods

perhaps Hamilton's high prices are largely due to its house prices: according to the data of Bermuda real estate brokerage firm Coldwell Banker, the average price of independent houses in 2015 was $1.2 million

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