Integrated Analysis of the Cost of Living Index in Asian Countries

Abstract

This study investigated the cost of living in 44 Asian countries in 2023. The data were collected from numbeo.com and analyzed using the Entropy method from the Multi-Criteria Decision Making (MCDM) methods. The five criteria determined for this analysis were ranked according to the MOOSRA, MOORA, VIKOR and WASPAS methods. The results showed that the countries at the top of the cost of living ranking have similar rankings in other methods. This study is expected to contribute to the literature on the current cost of living analysis with MCDM methods.