The United States is certainly not the cheapest country in the world to live in, especially if you take up residence on the coasts. In fact, it will cost you more to live in the Big Apple than many of the most expensive countries around the globe. However, it's certainly not the only place where your dollar doesn't stretch as far as it could.
Using online pricing database Numbeo, GOBankingRates wrangled a list of the 50 most expensive places to live, ranking the nations by four key affordability metrics. Each metric is measured against what you would find in New York City:
- Local purchasing power index: Measures the relative purchasing power of a typical salary in that country. A lower purchasing power buys fewer goods, while a higher purchasing power buys more.
- Rent index: Includes typical rental prices in the country.
- Groceries index: Includes typical grocery prices in the country.
- Consumer price index: Includes costs of local goods and services — including restaurants, groceries, transportation and utilities.
Click through to find out how countries around the world compare to NYC, starting with those that are cheaper.