"So when wanderers wonder if their salary might stretch further in Barcelona or Milan, why not direct them to the experience of their peers? That's the premise of Expatistan, a user-generated cost of living index."
"The figures come from the cost of living experts Expatistan.com, who produced their report after comparing information from almost 200,000 users around the world to calculate average prices in 1,600 cities."
"The Expatistan website recently rated Brisbane the world's 13th most expensive city, ahead of Tokyo (19), Stockholm (15) and even Melbourne (18).
Of Australian capitals, only Sydney came in ahead at number 11, according to the site's Cost of Living Index, which compares such expenses as monthly rent, movie tickets, transportation, grocery costs and gym membership.
"According to a team at Expatistan, which calculated a "cost of living index" for hundreds of global cities, these wallet-busting metros are the most expensive based on their current costs of housing, clothes, transportation, medicine and food."
"Beating Oslo, Geneva, Paris and New York to the dubious title, the UK's capital is now the most expensive city in the world, according to a study by cost of living researchers at Expatistan.
Comparing more than 775,000 prices submitted by 201,500 users in over 1,600 cities across the globe, London beats even notoriously pricey Sydney."
Review of Expatistan.com in Plug, technology program aired weekly on Proyecto 40 (Mexican cable and satelite TV).
Quick facts about Expatistan
Launched in January 2010. Created and maintained by a single developer.
Collaborative database of prices (crowdsourced, like Wikipedia). The website users enter the prices for their own cities.
Uses Prague as anchor value (Prague = 100)
878,000 prices entered in 1,734 different cities by 231,500 users coming from 150 different countries.
Compiles prices for 55 various products divided into 6 categories (Food, Housing, Clothes, Transportation, Personal Care, and Entertainment).
Compiles a real-time cost-of-living index that ranks all the cities which our statistical model considers accurate and reliable.
The index includes 231 at the moment. Comparisons and data for all the 1,734 cities covered in Expatistan are accesible in the application, if not in the index.