Explore the world’s cheapest or most expensive shopping trips

5th December 2017

By Karl Young

The world can be an expensive place. Keeping your wardrobe up to date, paying rent each month, not to mention keeping the fridge well-stocked can cost you a proverbial arm and a leg. But where in the world will your money go furthest and where will have you dipping into your overdraft before you know what’s hit you?

How to find the cheapest, well, everything

If you’re a globetrotter, you can pick some incredible bargains across the world, with Venezuela, Tunisia, and Egypt among the cheapest destinations for cinema tickets, cappuccinos, and rent, respectively.

Or, you could be unlucky. Certain countries will charge over the odds for everyday items, meaning you might need to find and compare loans just to get by! You’ll be out of luck if it’s your turn to buy a round while on a night out (average beer price: £7.55), if you’re after some new jeans (average price: £117.19) or if you fancy a meal for two in Iceland (average price: £116.115). Those glaciers better be worth it.

Here are the cheapest and most expensive places around the world:

Sports and Leisure

Staying fit in Venezuela is a snip with a monthly gym fee coming to a mere £6.50 a month, on average, while catching up on the latest blockbuster is also super affordable. A single ticket for an international release comes in at £1.50 (popcorn not included).

Switzerland is a pricey destination for a movie critic, with a cinema ticket priced at a steep £13.77. Staying fit in the alps is also an expensive affair, with a monthly gym membership averaging out at £68.99 a month.

Food and Drinks

If you’re a fan of eating out (or eating in general), Tunisia boasts the cheapest three-course meal in our research with a delicious feast for two coming to just £14.08. You’ll save even more if you’re grabbing a quick bite on the go, with an inexpensive Tunisian restaurant charging around £2.01.

Iceland, due its location and inhospitable farming conditions, has the highest food costs in the world. Date night is an extortionate affair, with even a casual jaunt to McDonald's costing a – frankly ridiculous – £15.49.

Rent

Living in a city apartment in Hong Kong is simply not possible for most of us, with a monthly rent average of an incredible £1,562 a month. Families hoping to live in the city centre will also face mind-blowing monthly costs, with a three-bed home stretching to £3,715 a month in rent.

Residents of London, New York, Paris and Amsterdam, look away now – rent in Egypt is incredibly cheap, averaging at ­just £114 a month for a one-bed apartment in the city. Families will also save, with a three-bed suburban home costing around £170 a month to rent.

Groceries

Iceland may have an abundance of fish, but due to the country’s frozen climate, farming cattle is extremely difficult. The vast majority of beef is imported, which goes some way to explaining why it’s miles pricier than the rest of the world, at £29.87 for a steak.

Carnivores heading to Eastern Europe, rejoice, as beef products can be picked up for as little as £2.88 in Ukraine. The economy and abundant farmland of Ukraine mean food is a bargain for visitors. Their chicken, cheese, bread, milk, and store-bought beer is among the cheapest in the world.

Clothing and Shoes

When it comes to fashion, it’s Iceland hitting the top spots again for expensiveness, with a summer dress (not that you’d necessarily need one) setting you back £90.13 and a pair of Nike running trainers priced at an astonishing £178.36!

Sri Lanka, on the other hand, is the perfect place for budding fashionistas. A pair of Levi’s 501 is priced at just £46.76, on average, and a (much more appropriate) summer dress costs around £18.18.

Cars

Driving the picturesque landscape of Eastern European Georgia is a cheap affair, with a Volkswagen Golf priced around £12,072 (compared to £23,638 in the UK) and a Toyota Corolla coming in at just £13,621 (compared to £ 23,724 in the UK).

Singapore, on the other hand, is a pricey place for drivers, with a nippy Volkswagen Golf setting you back an eye-watering £88,474 – a massive £76,406 more than buying the same vehicle in Georgia.

There you have it – the biggest bargains and the priciest expenditures in the world. Are you a luxury seeker or a bargain hunter? Let us know on Facebook.

Figures gathered for this research have been obtained from Numbeo.

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