In 2023, Bangalore in India had the highest local purchasing power index score across megacities in the Asia-Pacific region, at 96. Japan's capital Tokyo followed with a local purchasing power index score of 90. In contrast, Karachi and Lahore, Pakistan's two megacities, had local purchasing power index scores of around 22 each.
Local purchasing power index score of selected megacities across the Asia-Pacific region in 2023
The local purchasing power index is in relation to New York City, with NYC's index score being 100. The source states the following:
"Local Purchasing Power shows relative purchasing power in buying goods and services in a given city for the average net salary in that city. If domestic purchasing power is 40, this means that the inhabitants of that city with an average salary can afford to buy on an average 60% less goods and services than New York City residents with an average salary."
The source did not provide a release date. Date given here is the access date.
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Numbeo. (April 19, 2023). Local purchasing power index score of selected megacities across the Asia-Pacific region in 2023 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1378807/apac-local-purchasing-power-index-score-of-megacities/
Numbeo. "Local purchasing power index score of selected megacities across the Asia-Pacific region in 2023." Chart. April 19, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1378807/apac-local-purchasing-power-index-score-of-megacities/
Numbeo. (2023). Local purchasing power index score of selected megacities across the Asia-Pacific region in 2023. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1378807/apac-local-purchasing-power-index-score-of-megacities/
Numbeo. "Local Purchasing Power Index Score of Selected Megacities across The Asia-pacific Region in 2023." Statista, Statista Inc., 19 Apr 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1378807/apac-local-purchasing-power-index-score-of-megacities/
Numbeo, Local purchasing power index score of selected megacities across the Asia-Pacific region in 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1378807/apac-local-purchasing-power-index-score-of-megacities/ (last visited November 10, 2024)
Local purchasing power index score of selected megacities across the Asia-Pacific region in 2023 [Graph], Numbeo, April 19, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1378807/apac-local-purchasing-power-index-score-of-megacities/
