Most Expensive Countries to Live In 2023

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Introduction

The cost of living varies significantly across the world and is usually measured by the cost of living or cost of living index. The cost of living in a country reflects the amount of money needed to sustain a comfortable standard of living, including expenses such as housing, food, transportation, and healthcare. Monaco is the most expensive country to live in, with a cost of living of $3,585 per month. Other expensive countries to live in include the Cayman Islands, Switzerland, and Singapore, all of which have a cost of living of over $2,000 per month.

Looking at the data, it is apparent that the cost of living is higher in developed countries than in developing ones. The top 10 most expensive countries are all developed nations from Europe, North America, and Asia. In contrast, the least expensive countries to live in are developing nations from Africa, Asia, and South America. Another trend in the data is that the cost of living is generally higher in small countries and islands, where resources are scarce, and the cost of imports is high.

Most Expensive Countries

#	Country	Cost of Living	Cost of Living Index	Local Purchasing Power Index	Rent Index
1	Monaco	$3,585
2	Cayman Islands	$2,888	103.4	76.7	75.7
3	Switzerland	$2,507	114.2	118.7	50.2
4	Singapore	$2,420	85.9	95.6	85.3
5	Liechtenstein	$2,118
6	United States of America	$2,112	72.4	115.7	47.1
7	Iceland	$2,054	83.3	90.1	36.7
8	Luxembourg	$2,050	73.2	127.1	48.3
9	Ireland	$1,974	70.5	82.6	44.4
10	Australia	$1,947	75.3	110.9	39
11	Norway	$1,892	88.6	95	30.9
12	Qatar	$1,891	59.5	123.6	50
13	Vanuatu	$1,886
14	Canada	$1,832	66.1	102.1	33.4
15	The Bahamas	$1,809	90.9	43.2	39.6
16	United Kingdom	$1,804	61.5	98.9	30.3
17	Israel	$1,748	76.4	80.5	30.4
18	Netherlands	$1,680	68.6	107.8	33.4
19	New Zealand	$1,669	72.9	93	31.9
20	Denmark	$1,665	78.6	105	30.4
21	United Arab Emirates	$1,660	60.3	123.4	34
22	Solomon Islands	$1,577
23	North Korea	$1,554
24	Antigua and Barbuda	$1,546
25	Austria	$1,467	66	91.2	23.1
26	Finland	$1,423	67.5	98.8	22.7
27	Sweden	$1,398	62.9	101.2	22.7
28	Seychelles	$1,387
29	France	$1,363	68.7	86.2	24.6
30	Germany	$1,325	62.9	107.6	26.1
31	Belgium	$1,324	65.6	94.5	22.4
32	Kuwait	$1,312	46.8	96.7	27.1
33	Malta	$1,275	61.4	50.6	25.7
34	Marshall Islands	$1,271
35	Barbados	$1,262	88.8	36.8	21.2
36	Lebanon	$1,254	65.8	22.7	19.2
37	Italy	$1,221	61.3	66.5	20.5
38	Cyprus	$1,213	55.9	54.8	27.4
39	Maldives	$1,188	55	33.9	27
40	Saint Kitts and Nevis	$1,184
41	Bahrain	$1,171	52.7	81.7	25.4
42	Japan	$1,171	64.6	100.4	20.8
43	Palau	$1,162
44	Turkmenistan	$1,159
45	Spain	$1,141	50.6	82.5	21.7
46	Angola	$1,129
47	Oman	$1,126	47.8	108.2	15.8
48	Andorra	$1,104
49	Uruguay	$1,090	59.9	38.4	15.9
50	Cuba	$1,078	52.6	1.6	16
51	Brunei	$1,066	55.2	60.7	17.9
52	South Korea	$1,062	70.4	85.5	17.5
53	Slovenia	$1,059	50.8	61.7	16.6
54	Mozambique	$1,042
55	Saint Lucia	$1,042
56	Panama	$1,040	48.2	36.4	19.7
57	Saudi Arabia	$1,020	50.6	101.9	12
58	Estonia	$1,019	54.8	61.4	16.4
59	San Marino	$1,018
60	Grenada	$1,012
61	Nigeria	$1,008	30.9	8.4	33.3
62	Czech Republic	$1,007	48.9	71.8	19.1
63	Democratic Republic of the Congo	$1,001
64	Zambia	$1,000
65	Dominica	$992
66	Taiwan	$981	54.2	71.3	15.3
67	Portugal	$977	45.3	51.7	21.9
68	Trinidad and Tobago	$977	53.3	38.9	13.7
69	Senegal	$969	46.4	21.7	22.2
70	Guinea	$933
71	Greece	$919	54.6	41.9	12.9
72	Palestine	$916	50.7	39.8	9.6
73	Slovakia	$913	44.2	56.3	14.9
74	Guatemala	$910	40.2	29.7	13.8
75	Croatia	$896	46.7	56.2	12.2
76	Laos	$894
77	Costa Rica	$893	48.8	41.5	14.9
78	Niger	$885
79	Armenia	$884	40.8	25.5	23.5
80	Jamaica	$875	53.6	28.9	13.6
81	Equatorial Guinea	$871
82	Russia	$868	40.8	40.9	12.8
83	Saint Vincent and the Grenadines	$863
84	Latvia	$860	50.9	52.9	10.9
85	Lithuania	$859	48.8	56.7	16.8
86	El Salvador	$853	43.3	22.7	14.8
87	South Africa	$852	37.8	83.9	14
88	Ivory Coast	$845	42.7	7.8	15.5
89	Belize	$840	48	49.2	11.7
90	Chile	$840	44.1	37.3	13.4
91	Guyana	$838	47.3	23.3	9.5
92	Jordan	$835	46.8	38	8.8
93	Zimbabwe	$831	40.8	18.7	11.5
94	Myanmar	$822	32.9	29.7	20
95	Namibia	$819	35.8	51.3	11.8
96	Poland	$814	38.6	64	16
97	Georgia	$812	38.9	25.9	19.3
98	Somalia	$797
99	Cambodia	$796	44.5	15.5	13.8
100	São Tomé and Príncipe	$795
101	Dominican Republic	$791	41.8	23	11.9
102	Honduras	$771	38.8	35.4	9.3
103	Venezuela	$762	41.6	12.4	7.4
104	People's Republic of China	$758	39.2	62.3	18.8
105	Ecuador	$750	35.1	37	9.7
106	Sierra Leone	$748
107	Tanzania	$743	30.8	20.5	9.9
108	Thailand	$742	40.7	33.2	13.3
109	Mauritania	$739
110	Ethiopia	$732	42.3	11.6	17.1
111	Eswatini	$728
112	Fiji	$725	38.5	65.5	15.1
113	Iran	$723	35.2	21.1	14.6
114	Mexico	$713	37.3	43.5	12.8
115	Hungary	$712	39.2	53.1	11.6
116	Bolivia	$703	31.9	37.4	8.2
117	Iraq	$688	31.4	44.5	9.2
118	Suriname	$679
119	Burkina Faso	$677
120	Peru	$672	32.4	31.3	11.1
121	Serbia	$667	37.2	39.6	10.6
122	Rwanda	$664	30	30	14.2
123	Brazil	$661	34.7	28.7	8.3
124	Sudan	$657
125	Montenegro	$655	38.9	40.4	13.5
126	Romania	$650	37.4	52.5	9.9
127	Benin	$645
128	Bulgaria	$639	40.5	51.2	10
129	Mauritius	$629	42.2	30.8	10.9
130	Guinea-Bissau	$628
131	Madagascar	$628
132	Nicaragua	$625	36.8	21.7	7.8
133	Nauru	$624
134	Vietnam	$622	35.7	31.5	11.2
135	Kenya	$608	32.4	32.8	7.8
136	Botswana	$607	34.4	63.6	7.5
137	Gabon	$606
138	Togo	$594
139	Albania	$592	37.4	30.1	9.1
140	Lesotho	$589
141	Philippines	$587	34	22.4	9.8
142	Morocco	$586	29.3	33.6	7.5
143	Belarus	$581	35.4	36.4	10
144	Ghana	$581	26.7	17.2	14.6
145	Argentina	$576	31.2	36.8	6.9
146	Malaysia	$574	35	65.7	9.8
147	Uganda	$574	32.1	12.5	9
148	Indonesia	$564	31.2	27.5	8.3
149	Cameroon	$560	33.6	18.4	5.7
150	Paraguay	$555	28.6	27.8	9.3
151	Malawi	$553
152	Republic of the Congo	$550
153	Colombia	$548	23.1	31.1	7
154	Djibouti	$548
155	Bosnia and Herzegovina	$546	35.1	48.6	5.9
156	Mongolia	$546	31.2	24.3	8.3
157	Mali	$536
158	Yemen	$535	58.8	18.6	7.9
159	Uzbekistan	$525	27	24.8	10.7
160	Papua New Guinea	$524
161	Azerbaijan	$522	28.9	32	7.5
162	Liberia	$522
163	Chad	$518
164	Eritrea	$516
165	Central African Republic	$515
166	Haiti	$515
167	Republic of Macedonia	$512	31.4	38.2	5.7
168	Burundi	$508
169	South Sudan	$505
170	Comoros	$504
171	East Timor	$503
172	Syria	$503	26.1	5.5	4.5
173	Moldova	$501	32.3	33.1	8.3
174	Bhutan	$498
175	Tajikistan	$491
176	Kazakhstan	$475	28.1	38.1	11.5
177	Ukraine	$458	25.6	38.1	8.1
178	Bangladesh	$448	26.6	26.9	3.2
179	Kyrgyzstan	$441	25.9	25.5	9.3
180	Turkey	$428	28.1	31	7.2
181	The Gambia	$425
182	Egypt	$418	21.6	21.9	4.3
183	India	$416	22.4	64.6	5.5
184	Tunisia	$416	26.5	30	5
185	Libya	$398	24.2	32.1	5.2
186	Afghanistan	$397
187	Algeria	$391	27.6	26.9	4.3
188	Nepal	$385	24.8	21.8	3.7
189	Sri Lanka	$316	25.3	16	5.4
190	Pakistan	$294	18	24.4	3.4

Cost of Living

The cost of living is calculated by adding up the expenses needed to maintain a certain standard of living. However, the actual cost of living in dollars can be misleading because the cost of living varies widely depending on where one lives. To address this issue, cost of living indexes have been developed to provide a more accurate comparison of the cost of living across countries. These indexes measure the cost of a basket of goods and services that are representative of the typical expenses of people in a particular location.

Numbeo is a popular source for cost of living data that provides three indexes: cost of living index, local purchasing power index, and rent index. The cost of living index compares the cost of living in different countries to the cost of living in New York City, which has a score of 100. The local purchasing power index measures the purchasing power of a typical salary in a particular location compared to New York City. Finally, the rent index compares the cost of renting a house or apartment in different countries to the cost of renting in New York City.

Comparing these three indexes gives a more accurate representation of the cost of living in different countries. For example, a country with a high cost of living index but also a high local purchasing power index may be less expensive for locals than for foreigners. On the other hand, a country with a low cost of living index but a high rent index may be affordable for daily expenses but not for housing. Therefore, by using these three indexes together, we can obtain a more comprehensive picture of the cost of living in different countries.

Most Expensive Countries to Live In

The world’s most expensive country to live in is Monaco, with a cost of living of $3.6k per month. Monaco’s high cost of living is due to the nation’s reputation as a tax haven and playground for the rich. Following Monaco, the second most expensive country to live in is the Cayman Islands with a cost of living of $2.9k per month, a cost of living index of 103.4, a local purchasing power index of 76.7, and a rent index of 75.7. The island nation relies heavily on imports, is a tourist hotspot, and is also a tax haven.

Switzerland is the third most expensive country to live in, with a cost of living of $2.5k per month, a cost of living index of 114.2, a local purchasing power index of 118.7, and a rent index of 50.2. The nation is a well-known haven for wealthy people and boasts some of Europe’s highest wages. Singapore ranks as the fourth most expensive country to live in, with a cost of living of $2.4k per month, a cost of living index of 85.9, a local purchasing power index of 95.6, and a rent index of 85.3. Singapore has a purchasing power much lower than other countries, leading to its relatively high cost of living.

Liechtenstein, the fifth most expensive country to live in, has a cost of living of $2.1k per month. Liechtenstein’s high cost of living is attributed to its small size and limited resources, leading to high import costs. The sixth, seventh, and eighth most expensive countries to live in are the United States, Iceland, and Luxembourg, with a cost of living of $2.1k per month, a cost of living index of 72.4, a local purchasing power index of 115.7, and a rent index of 47.1 for the US, a cost of living of $2.1k per month, a cost of living index of 83.3, a local purchasing power index of 90.1, and a rent index of 36.7 for Iceland, and a cost of living of $2k per month, a cost of living index of 73.2, a local purchasing power index of 127.1, and a rent index of 48.3 for Luxembourg.

Ireland is the ninth most expensive country to live in, with a cost of living of $2k per month, a cost of living index of 70.5, a local purchasing power index of 82.6, and a rent index of 44.4. Ireland’s high cost of living is attributed to its strong economy and high salaries. Finally, Australia is the tenth most expensive country to live in, with a cost of living of $1.9k per month, a cost of living index of 75.3, a local purchasing power index of 110.9, and a rent index of 39. The country’s high cost of living is primarily driven by its high housing costs.

The ten most expensive countries are :

1. Monaco – $3,585
2. Cayman Islands – $2,888
3. Switzerland – $2,507
4. Singapore – $2,420
5. Liechtenstein – $2,118
6. United States – $2,112
7. Iceland – $2,054
8. Luxembourg – $2,050
9. Ireland – $1,974
10. Australia – $1,947

Most Expensive Country in the World

Monaco, a small city-state located in Western Europe, is the most expensive country to live in in the world according to our data. This is primarily due to the extremely high cost of housing, with the average cost of rent for a one-bedroom apartment in Monaco is around $4,000 per month. However, the high cost of living in Monaco is offset by its tax-friendly policies and luxurious lifestyle, making it an attractive destination for the wealthy.

Despite its small size, Monaco is home to a large number of millionaires and billionaires, with its wealthy population contributing to the high cost of living. The city-state is renowned for its luxurious lifestyle, featuring high-end restaurants, luxury boutiques, and world-class entertainment. In addition, Monaco is known for hosting a number of high-profile events, such as the Monaco Grand Prix and the Monte Carlo Rally, which further contribute to its status as a playground for the rich and famous. However, the high cost of living in Monaco can be prohibitive for many, and it is important for anyone considering a move to this city-state to carefully consider their financial situation before making the move.

Sources

The data we display on the cost of living in dollars comes from LivingCost.org. This site provides cost of living data for over 200 countries and is based on prices for goods and services that are representative of the typical expenses of people in each country. The source we use for the three indexes – cost of living index, local purchasing power index, and rent index – is Numbeo, i.e. a crowd-sourced database of cost of living data that provides information on the cost of living in over 4,000 cities worldwide.

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Cost of Living by Country

Afghanistan

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Cost of Living

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$397

Ranked in the World

#186

Albania

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Cost of Living

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$592

Ranked in the World

#139

Cost of Living Index

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37.4

Ranked in the World

#90

Local Purchasing Power Index

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30.1

Ranked in the World

#100

Rent Index

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9.1

Ranked in the World

#108

Algeria

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Cost of Living

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$391

Ranked in the World

#187

Cost of Living Index

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27.6

Ranked in the World

#126

Local Purchasing Power Index

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26.9

Ranked in the World

#109

Rent Index

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4.3

Ranked in the World

#136

Andorra

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Cost of Living

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$1,104

Ranked in the World

#48

Angola

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Cost of Living

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$1,129

Ranked in the World

#46

Antigua and Barbuda

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Cost of Living

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$1,546

Ranked in the World

#24

Argentina

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Cost of Living

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$576

Ranked in the World

#145

Cost of Living Index

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31.2

Ranked in the World

#114

Local Purchasing Power Index

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36.8

Ranked in the World

#83

Rent Index

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6.9

Ranked in the World

#127

Armenia

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Cost of Living

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$884

Ranked in the World

#79

Cost of Living Index

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40.8

Ranked in the World

#76

Local Purchasing Power Index

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25.5

Ranked in the World

#112

Rent Index

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23.5

Ranked in the World

#33

Australia

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Cost of Living

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$1,947

Ranked in the World

#10

Cost of Living Index

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75.3

Ranked in the World

#13

Local Purchasing Power Index

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110.9

Ranked in the World

Rent Index

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Ranked in the World

#13

Australia is the tenth most expensive country in the world with a cost of living of $1,947.This is reflected in its cost of living index, which stands at 75.3, and its rent index, which is 39. The country's local purchasing power index is also relatively high at 110.9, meaning that goods and services are costly despite Australians' ability to purchase them. Several factors contribute to the high cost of living in Australia, including high taxation, high minimum wage, and high demand for housing and resources. However, despite the cost, many people still find Australia an attractive destination due to its stunning landscapes, diverse cultures, and high quality of life.

Austria

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Cost of Living

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$1,467

Ranked in the World

#25

Cost of Living Index

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Ranked in the World

#26

Local Purchasing Power Index

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91.2

Ranked in the World

#23

Rent Index

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23.1

Ranked in the World

#35

Azerbaijan

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Cost of Living

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$522

Ranked in the World

#161

Cost of Living Index

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28.9

Ranked in the World

#121

Local Purchasing Power Index

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Ranked in the World

#94

Rent Index

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7.5

Ranked in the World

#121

Bahrain

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Cost of Living

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$1,171

Ranked in the World

#41

Cost of Living Index

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52.7

Ranked in the World

#48

Local Purchasing Power Index

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81.7

Ranked in the World

#30

Rent Index

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25.4

Ranked in the World

#31

Bangladesh

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Cost of Living

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$448

Ranked in the World

#178

Cost of Living Index

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26.6

Ranked in the World

#129

Local Purchasing Power Index

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26.9

Ranked in the World

#110

Rent Index

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3.2

Ranked in the World

#140

Barbados

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Cost of Living

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$1,262

Ranked in the World

#35

Cost of Living Index

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88.8

Ranked in the World

Local Purchasing Power Index

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36.8

Ranked in the World

#84

Rent Index

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21.2

Ranked in the World

#42

Belarus

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Cost of Living

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$581

Ranked in the World

#143

Cost of Living Index

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35.4

Ranked in the World

#97

Local Purchasing Power Index

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36.4

Ranked in the World

#85

Rent Index

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Ranked in the World

#95

Belgium

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Cost of Living

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$1,324

Ranked in the World

#31

Cost of Living Index

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65.6

Ranked in the World

#28

Local Purchasing Power Index

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94.5

Ranked in the World

#21

Rent Index

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22.4

Ranked in the World

#38

Belize

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Cost of Living

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$840

Ranked in the World

#89

Cost of Living Index

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Ranked in the World

#59

Local Purchasing Power Index

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49.2

Ranked in the World

#62

Rent Index

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11.7

Ranked in the World

#85

Benin

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Cost of Living

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$645

Ranked in the World

#127

Bhutan

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Cost of Living

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$498

Ranked in the World

#174

Bolivia

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Cost of Living

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$703

Ranked in the World

#116

Cost of Living Index

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31.9

Ranked in the World

#111

Local Purchasing Power Index

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37.4

Ranked in the World

#80

Rent Index

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8.2

Ranked in the World

#115

Bosnia and Herzegovina

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Cost of Living

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$546

Ranked in the World

#155

Cost of Living Index

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35.1

Ranked in the World

#99

Local Purchasing Power Index

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48.6

Ranked in the World

#63

Rent Index

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5.9

Ranked in the World

#128

Botswana

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Cost of Living

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$607

Ranked in the World

#136

Cost of Living Index

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34.4

Ranked in the World

#103

Local Purchasing Power Index

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63.6

Ranked in the World

#45

Rent Index

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7.5

Ranked in the World

#122

Brazil

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Cost of Living

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$661

Ranked in the World

#123

Cost of Living Index

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34.7

Ranked in the World

#102

Local Purchasing Power Index

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28.7

Ranked in the World

#106

Rent Index

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8.3

Ranked in the World

#111

Brunei

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Cost of Living

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$1,066

Ranked in the World

#51

Cost of Living Index

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55.2

Ranked in the World

#41

Local Purchasing Power Index

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60.7

Ranked in the World

#50

Rent Index

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17.9

Ranked in the World

#51

Bulgaria

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Cost of Living

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$639

Ranked in the World

#128

Cost of Living Index

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40.5

Ranked in the World

#80

Local Purchasing Power Index

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51.2

Ranked in the World

#60

Rent Index

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Ranked in the World

#96

Burkina Faso

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Cost of Living

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$677

Ranked in the World

#119

Burundi

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Cost of Living

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$508

Ranked in the World

#168

Cambodia

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Cost of Living

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$796

Ranked in the World

#99

Cost of Living Index

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44.5

Ranked in the World

#67

Local Purchasing Power Index

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15.5

Ranked in the World

#133

Rent Index

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13.8

Ranked in the World

#71

Cameroon

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Cost of Living

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$560

Ranked in the World

#149

Cost of Living Index

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33.6

Ranked in the World

#105

Local Purchasing Power Index

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18.4

Ranked in the World

#130

Rent Index

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5.7

Ranked in the World

#129

Canada

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Cost of Living

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$1,832

Ranked in the World

#14

Cost of Living Index

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66.1

Ranked in the World

#25

Local Purchasing Power Index

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102.1

Ranked in the World

#12

Rent Index

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33.4

Ranked in the World

#17

Canada is an expensive country to live in with a cost of living of $1,832 per month and ranks as the fourteenth most expensive country in the world to live in. Canada sees daily essentials such as food and rent becoming increasingly expensive every year. The price of basic utilities such as water and electricity can be double what they are in other nations. However, Canada has one of the cheapest gasoline prices among developed nations thanks to its oil reserves. This means that traveling around is still fairly cheap albeit inflation continues to make everything else more expensive.

Cayman Islands

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Cost of Living

help

$2,888

Ranked in the World

Cost of Living Index

help

103.4

Ranked in the World

Local Purchasing Power Index

help

76.7

Ranked in the World

#35

Rent Index

help

75.7

Ranked in the World

The Cayman Islands is the second most expensive country to live in with a cost of living of $2,888. The high cost of living in the Cayman Islands is attributed to several factors, including a strong economy, high demand for imported goods and services, and a thriving tourism industry. Despite the high cost of living, the country enjoys a high standard of living and a favorable tax regime, which attracts wealthy expatriates from around the world. In terms of its cost of living index, the Cayman Islands score 103.4, indicating that goods and services are expensive compared to other countries. Its local purchasing power index, however, is relatively low at 76.7, suggesting that residents have less purchasing power despite the high cost of living. The rent index stands at 75.7, indicating that housing is also expensive in the country.

Central African Republic

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Cost of Living

help

$515

Ranked in the World

#165

Chad

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Cost of Living

help

$518

Ranked in the World

#163

Chile

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Cost of Living

help

$840

Ranked in the World

#90

Cost of Living Index

help

44.1

Ranked in the World

#69

Local Purchasing Power Index

help

37.3

Ranked in the World

#81

Rent Index

help

13.4

Ranked in the World

#76

Colombia

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Cost of Living

help

$548

Ranked in the World

#153

Cost of Living Index

help

23.1

Ranked in the World

#137

Local Purchasing Power Index

help

31.1

Ranked in the World

#97

Rent Index

help

Ranked in the World

#126

Comoros

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Cost of Living

help

$504

Ranked in the World

#170

Costa Rica

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Cost of Living

help

$893

Ranked in the World

#77

Cost of Living Index

help

48.8

Ranked in the World

#56

Local Purchasing Power Index

help

41.5

Ranked in the World

#68

Rent Index

help

14.9

Ranked in the World

#64

Croatia

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Cost of Living

help

$896

Ranked in the World

#75

Cost of Living Index

help

46.7

Ranked in the World

#64

Local Purchasing Power Index

help

56.2

Ranked in the World

#53

Rent Index

help

12.2

Ranked in the World

#81

Cuba

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Cost of Living

help

$1,078

Ranked in the World

#50

Cost of Living Index

help

52.6

Ranked in the World

#49

Local Purchasing Power Index

help

1.6

Ranked in the World

#140

Rent Index

help

Ranked in the World

#57

Cyprus

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Cost of Living

help

$1,213

Ranked in the World

#38

Cost of Living Index

help

55.9

Ranked in the World

#40

Local Purchasing Power Index

help

54.8

Ranked in the World

#54

Rent Index

help

27.4

Ranked in the World

#26

Czech Republic

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Cost of Living

help

$1,007

Ranked in the World

#62

Cost of Living Index

help

48.9

Ranked in the World

#55

Local Purchasing Power Index

help

71.8

Ranked in the World

#37

Rent Index

help

19.1

Ranked in the World

#49

Democratic Republic of the Congo

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Cost of Living

help

$1,001

Ranked in the World

#63

Denmark

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Cost of Living

help

$1,665

Ranked in the World

#20

Cost of Living Index

help

78.6

Ranked in the World

#10

Local Purchasing Power Index

help

105

Ranked in the World

#11

Rent Index

help

30.4

Ranked in the World

#22

Djibouti

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Cost of Living

help

$548

Ranked in the World

#154

Dominica

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Cost of Living

help

$992

Ranked in the World

#65

Dominican Republic

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Cost of Living

help

$791

Ranked in the World

#101

Cost of Living Index

help

41.8

Ranked in the World

#74

Local Purchasing Power Index

help

Ranked in the World

#118

Rent Index

help

11.9

Ranked in the World

#83

East Timor

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Cost of Living

help

$503

Ranked in the World

#171

Ecuador

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Cost of Living

help

$750

Ranked in the World

#105

Cost of Living Index

Egypt

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Cost of Living

help

$418

Ranked in the World

#182

Cost of Living Index

help

21.6

Ranked in the World

#139

Local Purchasing Power Index

help

21.9

Ranked in the World

#122

Rent Index

help

4.3

Ranked in the World

#137

El Salvador

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Cost of Living

help

$853

Ranked in the World

#86

Cost of Living Index

help

43.3

Ranked in the World

#70

Local Purchasing Power Index

help

22.7

Ranked in the World

#119

Rent Index

help

14.8

Ranked in the World

#66

Equatorial Guinea

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Cost of Living

help

$871

Ranked in the World

#81

Eritrea

add_circle

Cost of Living

help

$516

Ranked in the World

#164

Estonia

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Cost of Living

help

$1,019

Ranked in the World

#58

Cost of Living Index

help

54.8

Ranked in the World

#43

Local Purchasing Power Index

help

61.4

Ranked in the World

#49

Rent Index

help

16.4

Ranked in the World

#56

Eswatini

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Cost of Living

help

$728

Ranked in the World

#111

Ethiopia

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Cost of Living

help

$732

Ranked in the World

#110

Cost of Living Index

help

42.3

Ranked in the World

#72

Local Purchasing Power Index

help

11.6

Ranked in the World

#136

Rent Index

help

17.1

Ranked in the World

#53

Fiji

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Cost of Living

help

$725

Ranked in the World

#112

Cost of Living Index

help

38.5

Ranked in the World

#88

Local Purchasing Power Index

help

65.5

Ranked in the World

#42

Rent Index

help

15.1

Ranked in the World

#63

Finland

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Cost of Living

help

$1,423

Ranked in the World

#26

Cost of Living Index

help

67.5

Ranked in the World

#23

Local Purchasing Power Index

help

98.8

Ranked in the World

#17

Rent Index

help

22.7

Ranked in the World

#36

France

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Cost of Living

help

$1,363

Ranked in the World

#29

Cost of Living Index

help

68.7

Ranked in the World

#21

Local Purchasing Power Index

help

86.2

Ranked in the World

#25

Rent Index

help

24.6

Ranked in the World

#32

Gabon

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Cost of Living

help

$606

Ranked in the World

#137

Georgia

add_circle

Cost of Living

help

$812

Ranked in the World

#97

Cost of Living Index

help

38.9

Ranked in the World

#84

Local Purchasing Power Index

help

25.9

Ranked in the World

#111

Rent Index

help

19.3

Ranked in the World

#47

Germany

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Cost of Living

help

$1,325

Ranked in the World

#30

Cost of Living Index

help

62.9

Ranked in the World

#30

Local Purchasing Power Index

help

107.6

Ranked in the World

#10

Rent Index

help

26.1

Ranked in the World

#29

Ghana

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Cost of Living

help

$581

Ranked in the World

#144

Cost of Living Index

help

26.7

Ranked in the World

#128

Local Purchasing Power Index

help

17.2

Ranked in the World

#131

Rent Index

help

14.6

Ranked in the World

#67

Greece

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Cost of Living

help

$919

Ranked in the World

#71

Cost of Living Index

help

54.6

Ranked in the World

#44

Local Purchasing Power Index

help

41.9

Ranked in the World

#67

Rent Index

help

12.9

Ranked in the World

#78

Grenada

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Cost of Living

help

$1,012

Ranked in the World

#60

Guatemala

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Cost of Living

help

$910

Ranked in the World

#74

Cost of Living Index

help

40.2

Ranked in the World

#81

Local Purchasing Power Index

help

29.7

Ranked in the World

#103

Rent Index

help

13.8

Ranked in the World

#72

Guinea

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Cost of Living

help

$933

Ranked in the World

#70

Guinea-Bissau

add_circle

Cost of Living

help

$628

Ranked in the World

#130

Guyana

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Cost of Living

help

$838

Ranked in the World

#91

Cost of Living Index

help

47.3

Ranked in the World

#61

Local Purchasing Power Index

help

23.3

Ranked in the World

#117

Rent Index

help

9.5

Ranked in the World

#103

Haiti

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Cost of Living

help

$515

Ranked in the World

#166

Honduras

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Cost of Living

help

$771

Ranked in the World

#102

Cost of Living Index

help

38.8

Ranked in the World

#86

Local Purchasing Power Index

help

35.4

Ranked in the World

#87

Rent Index

help

9.3

Ranked in the World

#104

Hungary

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Cost of Living

help

$712

Ranked in the World

#115

Cost of Living Index

help

39.2

Ranked in the World

#82

Local Purchasing Power Index

help

53.1

Ranked in the World

#55

Rent Index

help

11.6

Ranked in the World

#86

Iceland

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Cost of Living

help

$2,054

Ranked in the World

Cost of Living Index

help

83.3

Ranked in the World

Local Purchasing Power Index

help

90.1

Ranked in the World

#24

Rent Index

help

36.7

Ranked in the World

#14

Iceland is the seventh most expensive country to live in, with a cost of living of $2,054. Iceland has a cost of living index of 83.3, which is relatively high, and a rent index of 36.7, which is lower than many other developed countries. The local purchasing power index stands at 90.1, indicating that goods and services are expensive compared to the average income in Iceland. Iceland's isolation and small population contribute to its high cost of living. It is also a country with a high standard of living, excellent healthcare, and an exceptional education system. The country is known for its stunning natural scenery, which attracts tourists from around the world. It also has a relatively low crime rate, a low poverty rate, and a high quality of life.

India

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Cost of Living

help

$416

Ranked in the World

#183

Cost of Living Index

help

22.4

Ranked in the World

#138

Local Purchasing Power Index

help

64.6

Ranked in the World

#43

Rent Index

help

5.5

Ranked in the World

#131

Indonesia

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Cost of Living

help

$564

Ranked in the World

#148

Cost of Living Index

help

31.2

Ranked in the World

#115

Local Purchasing Power Index

help

27.5

Ranked in the World

#108

Rent Index

help

8.3

Ranked in the World

#112

Iran

add_circle

Cost of Living

help

$723

Ranked in the World

#113

Cost of Living Index

help

35.2

Ranked in the World

#98

Local Purchasing Power Index

help

21.1

Ranked in the World

#126

Rent Index

help

14.6

Ranked in the World

#68

Iraq

add_circle

Cost of Living

help

$688

Ranked in the World

#117

Cost of Living Index

help

31.4

Ranked in the World

#112

Local Purchasing Power Index

help

44.5

Ranked in the World

#64

Rent Index

help

9.2

Ranked in the World

#107

Ireland

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Cost of Living

help

$1,974

Ranked in the World

Cost of Living Index

help

70.5

Ranked in the World

#18

Local Purchasing Power Index

help

82.6

Ranked in the World

#28

Rent Index

help

44.4

Ranked in the World

#11

Ireland is the ninth most expensive country in the world, with a cost of living of $1,974. Ireland has a cost of living index of 70.5, which is relatively low compared to many other developed countries. However, the rent index is 44.4, which is comparatively high. Ireland's local purchasing power index stands at 82.6, indicating that goods and services are relatively expensive compared to the average income in the country. Ireland's high cost of living is due to several factors, including the high demand for housing and the high cost of healthcare. However, Ireland is also known for its excellent education system and its strong economy, which attracts many foreign investors. The country also has a rich cultural heritage and is known for its friendly people and stunning landscapes.

Israel

add_circle

Cost of Living

help

$1,748

Ranked in the World

#17

Cost of Living Index

help

76.4

Ranked in the World

#11

Local Purchasing Power Index

help

80.5

Ranked in the World

#31

Rent Index

help

30.4

Ranked in the World

#23

Italy

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Cost of Living

help

$1,221

Ranked in the World

#37

Cost of Living Index

help

61.3

Ranked in the World

#35

Local Purchasing Power Index

help

66.5

Ranked in the World

#40

Rent Index

help

20.5

Ranked in the World

#44

Italy has an expensive cost of living at $1.2k per month and ranks the nation thirty-seventh most expensive country in the world to live in. Rent prices in cities like Rome and Milan are among the highest in Europe. Food costs can be high too with everyday items such as bread, fruit and vegetables tending to be pricier than elsewhere on the continent due to their limited availability in some areas. Wages lag far behind both inflation and rising real estate costs that contribute to expensive living costs in Italy. All these factors mean that living expenses in Italy are consistently more expensive than in the rest of Europe.

Ivory Coast

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Cost of Living

help

$845

Ranked in the World

#88

Cost of Living Index

help

42.7

Ranked in the World

#71

Local Purchasing Power Index

help

7.8

Ranked in the World

#138

Rent Index

help

15.5

Ranked in the World

#61

Jamaica

add_circle

Cost of Living

help

$875

Ranked in the World

#80

Cost of Living Index

help

53.6

Ranked in the World

#46

Local Purchasing Power Index

help

28.9

Ranked in the World

#105

Rent Index

help

13.6

Ranked in the World

#74

Japan

add_circle

Cost of Living

help

$1,171

Ranked in the World

#42

Cost of Living Index

help

64.6

Ranked in the World

#29

Local Purchasing Power Index

help

100.4

Ranked in the World

#15

Rent Index

help

20.8

Ranked in the World

#43

Japan is a costly country to reside in with a cost of living of $1.1k per month, ranking the East Asian nation as the forty-second most expensive country in the world to live in. This is largely attributed to Tokyo's high cost of living where prices for food, clothing, and entertainment are all above average. Japan's taxes are also relatively high compared to other countries making everyday expenses such as transportation, utility bills, and healthcare more expensive than usual. Japan also has some unique laws when it comes to housing rental agreements which can make renting an apartment or a home a difficult process that could result in hefty costs for tenants.

Jordan

add_circle

Cost of Living

help

$835

Ranked in the World

#92

Cost of Living Index

help

46.8

Ranked in the World

#62

Local Purchasing Power Index

help

Ranked in the World

#78

Rent Index

help

8.8

Ranked in the World

#110

Kazakhstan

add_circle

Cost of Living

help

$475

Ranked in the World

#176

Cost of Living Index

help

28.1

Ranked in the World

#124

Local Purchasing Power Index

help

38.1

Ranked in the World

#76

Rent Index

help

11.5

Ranked in the World

#87

Kenya

add_circle

Cost of Living

help

$608

Ranked in the World

#135

Cost of Living Index

help

32.4

Ranked in the World

#107

Local Purchasing Power Index

help

32.8

Ranked in the World

#92

Rent Index

help

7.8

Ranked in the World

#119

Kuwait

add_circle

Cost of Living

help

$1,312

Ranked in the World

#32

Cost of Living Index

help

46.8

Ranked in the World

#63

Local Purchasing Power Index

help

96.7

Ranked in the World

#18

Rent Index

help

27.1

Ranked in the World

#27

Kyrgyzstan

add_circle

Cost of Living

help

$441

Ranked in the World

#179

Cost of Living Index

help

25.9

Ranked in the World

#132

Local Purchasing Power Index

help

25.5

Ranked in the World

#113

Rent Index

help

9.3

Ranked in the World

#105

Laos

add_circle

Cost of Living

help

$894

Ranked in the World

#76

Latvia

add_circle

Cost of Living

help

$860

Ranked in the World

#84

Cost of Living Index

help

50.9

Ranked in the World

#50

Local Purchasing Power Index

help

52.9

Ranked in the World

#56

Rent Index

help

10.9

Ranked in the World

#91

Lebanon

add_circle

Cost of Living

help

$1,254

Ranked in the World

#36

Cost of Living Index

help

65.8

Ranked in the World

#27

Local Purchasing Power Index

help

22.7

Ranked in the World

#120

Rent Index

help

19.2

Ranked in the World

#48

Lesotho

add_circle

Cost of Living

help

$589

Ranked in the World

#140

Liberia

add_circle

Cost of Living

help

$522

Ranked in the World

#162

Libya

add_circle

Cost of Living

help

$398

Ranked in the World

#185

Cost of Living Index

help

24.2

Ranked in the World

#136

Local Purchasing Power Index

help

32.1

Ranked in the World

#93

Rent Index

help

5.2

Ranked in the World

#133

Liechtenstein

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Lithuania

add_circle

Cost of Living

help

$859

Ranked in the World

#85

Cost of Living Index

help

48.8

Ranked in the World

#57

Local Purchasing Power Index

help

56.7

Ranked in the World

#51

Rent Index

help

16.8

Ranked in the World

#54

Luxembourg

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Cost of Living

help

$2,050

Ranked in the World

Cost of Living Index

help

73.2

Ranked in the World

#14

Local Purchasing Power Index

help

127.1

Ranked in the World

Rent Index

help

48.3

Ranked in the World

Luxembourg is the eighth most expensive country to live in, with a cost of living of $2,050. Luxembourg has a cost of living index of 73.2, which is lower than many other developed countries. However, the rent index is 48.3, which is relatively high. Luxembourg's local purchasing power index is 127.1, indicating that the cost of goods and services is high compared to the average income in the country. Luxembourg is a small country with a high standard of living and a strong economy. The country is known for its banking industry, which attracts many wealthy individuals and contributes to its high cost of living. Luxembourg has a low poverty rate, a low unemployment rate, and excellent healthcare and education systems. The country also has a high standard of living, with a variety of cultural and leisure activities available.

Madagascar

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Cost of Living

help

$628

Ranked in the World

#131

Malawi

add_circle

Cost of Living

help

$553

Ranked in the World

#151

Malaysia

add_circle

Cost of Living

help

$574

Ranked in the World

#146

Cost of Living Index

help

Ranked in the World

#101

Local Purchasing Power Index

help

65.7

Ranked in the World

#41

Rent Index

help

9.8

Ranked in the World

#99

Maldives

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Cost of Living

help

$1,188

Ranked in the World

#39

Cost of Living Index

help

Ranked in the World

#42

Local Purchasing Power Index

help

33.9

Ranked in the World

#88

Rent Index

help

Ranked in the World

#28

Mali

add_circle

Cost of Living

help

$536

Ranked in the World

#157

Malta

add_circle

Cost of Living

help

$1,275

Ranked in the World

#33

Cost of Living Index

help

61.4

Ranked in the World

#34

Local Purchasing Power Index

help

50.6

Ranked in the World

#61

Rent Index

help

25.7

Ranked in the World

#30

Marshall Islands

add_circle

Cost of Living

help

$1,271

Ranked in the World

#34

Mauritania

add_circle

Cost of Living

help

$739

Ranked in the World

#109

Mauritius

add_circle

Cost of Living

help

$629

Ranked in the World

#129

Cost of Living Index

help

42.2

Ranked in the World

#73

Local Purchasing Power Index

help

30.8

Ranked in the World

#99

Rent Index

help

10.9

Ranked in the World

#92

Mexico

add_circle

Cost of Living

help

$713

Ranked in the World

#114

Cost of Living Index

help

37.3

Ranked in the World

#92

Local Purchasing Power Index

help

43.5

Ranked in the World

#65

Rent Index

help

12.8

Ranked in the World

#79

Moldova

add_circle

Cost of Living

help

$501

Ranked in the World

#173

Cost of Living Index

help

32.3

Ranked in the World

#109

Local Purchasing Power Index

help

33.1

Ranked in the World

#91

Rent Index

help

8.3

Ranked in the World

#113

Monaco

add_circle

Cost of Living

help

$3,585

Ranked in the World

Monaco is the most expensive country in the world with a cost of living of $3,585. This small European country, located on the French Riviera, is known for its luxurious lifestyle and high prices. Monaco's expensive cost of living is due to several factors, including the limited space available for housing and the high demand for property, which drives up rent prices. The country's tax haven status also attracts wealthy individuals and businesses, increasing the demand for luxury goods and services. In addition, Monaco has a high standard of living, with excellent healthcare, education, and public services, which contribute to its high cost of living.

Mongolia

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Cost of Living

help

$546

Ranked in the World

#156

Cost of Living Index

help

31.2

Ranked in the World

#116

Local Purchasing Power Index

help

24.3

Ranked in the World

#116

Rent Index

help

8.3

Ranked in the World

#114

Montenegro

add_circle

Cost of Living

help

$655

Ranked in the World

#125

Cost of Living Index

help

38.9

Ranked in the World

#85

Local Purchasing Power Index

help

40.4

Ranked in the World

#70

Rent Index

help

13.5

Ranked in the World

#75

Morocco

add_circle

Cost of Living

help

$586

Ranked in the World

#142

Cost of Living Index

help

29.3

Ranked in the World

#120

Local Purchasing Power Index

help

33.6

Ranked in the World

#89

Rent Index

help

7.5

Ranked in the World

#123

Mozambique

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Cost of Living

help

$1,042

Ranked in the World

#54

Myanmar

add_circle

Cost of Living

help

$822

Ranked in the World

#94

Cost of Living Index

help

32.9

Ranked in the World

#106

Local Purchasing Power Index

help

29.7

Ranked in the World

#104

Rent Index

help

Ranked in the World

#45

Namibia

add_circle

Cost of Living

help

$819

Ranked in the World

#95

Cost of Living Index

help

35.8

Ranked in the World

#95

Local Purchasing Power Index

help

51.3

Ranked in the World

#59

Rent Index

help

11.8

Ranked in the World

#84

Nauru

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Cost of Living

help

$624

Ranked in the World

#133

Nepal

add_circle

Cost of Living

help

$385

Ranked in the World

#188

Cost of Living Index

help

24.8

Ranked in the World

#135

Local Purchasing Power Index

help

21.8

Ranked in the World

#123

Rent Index

help

3.7

Ranked in the World

#138

Netherlands

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Cost of Living

help

$1,680

Ranked in the World

#18

Cost of Living Index

help

68.6

Ranked in the World

#22

Local Purchasing Power Index

help

107.8

Ranked in the World

Rent Index

help

33.4

Ranked in the World

#18

New Zealand

add_circle

Cost of Living

help

$1,669

Ranked in the World

#19

Cost of Living Index

help

72.9

Ranked in the World

#15

Local Purchasing Power Index

help

Ranked in the World

#22

Rent Index

help

31.9

Ranked in the World

#20

Nicaragua

add_circle

Cost of Living

help

$625

Ranked in the World

#132

Cost of Living Index

help

36.8

Ranked in the World

#94

Local Purchasing Power Index

help

21.7

Ranked in the World

#124

Rent Index

help

7.8

Ranked in the World

#120

Niger

add_circle

Cost of Living

help

$885

Ranked in the World

#78

Nigeria

add_circle

Cost of Living

help

$1,008

Ranked in the World

#61

Cost of Living Index

help

30.9

Ranked in the World

#117

Local Purchasing Power Index

help

8.4

Ranked in the World

#137

Rent Index

help

33.3

Ranked in the World

#19

North Korea

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Cost of Living

help

$1,554

Ranked in the World

#23

Norway

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Cost of Living

help

$1,892

Ranked in the World

#11

Cost of Living Index

help

88.6

Ranked in the World

Local Purchasing Power Index

help

Ranked in the World

#20

Rent Index

help

30.9

Ranked in the World

#21

Norway has a cost of living of $1.9k per month and ranks as the eleventh most expensive country in the world to live in. Norway has high standards of living with living expenses also being quite high too, as seen by Norway’s rent prices which on average are almost four times higher than those found elsewhere in Europe or North America. Income tax rates are also considered significant in Norway ranging from 0-2% for those earning less than $19.3k per annum, and up to 12% for those earning over $2 million per annum, making it difficult for locals and expatriates alike to make ends meet without having some sort of financial safety net.

Oman

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Cost of Living

help

$1,126

Ranked in the World

#47

Cost of Living Index

help

47.8

Ranked in the World

#60

Local Purchasing Power Index

help

108.2

Ranked in the World

Rent Index

help

15.8

Ranked in the World

#60

Pakistan

add_circle

Cost of Living

help

$294

Ranked in the World

#190

Cost of Living Index

help

Ranked in the World

#140

Local Purchasing Power Index

help

24.4

Ranked in the World

#115

Rent Index

help

3.4

Ranked in the World

#139

Palau

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Cost of Living

help

$1,162

Ranked in the World

#43

Palestine

add_circle

Cost of Living

help

$916

Ranked in the World

#72

Cost of Living Index

help

50.7

Ranked in the World

#52

Local Purchasing Power Index

help

39.8

Ranked in the World

#71

Rent Index

help

9.6

Ranked in the World

#102

Panama

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Cost of Living

help

$1,040

Ranked in the World

#56

Cost of Living Index

help

48.2

Ranked in the World

#58

Local Purchasing Power Index

help

36.4

Ranked in the World

#86

Rent Index

help

19.7

Ranked in the World

#46

Papua New Guinea

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Cost of Living

help

$524

Ranked in the World

#160

Paraguay

add_circle

Cost of Living

help

$555

Ranked in the World

#150

Cost of Living Index

help

28.6

Ranked in the World

#122

Local Purchasing Power Index

help

27.8

Ranked in the World

#107

Rent Index

help

9.3

Ranked in the World

#106

People's Republic of China

add_circle

Cost of Living

help

$758

Ranked in the World

#104

Cost of Living Index

help

39.2

Ranked in the World

#83

Local Purchasing Power Index

help

62.3

Ranked in the World

#46

Rent Index

help

18.8

Ranked in the World

#50

Peru

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Cost of Living

help

$672

Ranked in the World

#120

Cost of Living Index

help

32.4

Ranked in the World

#108

Local Purchasing Power Index

help

31.3

Ranked in the World

#96

Rent Index

help

11.1

Ranked in the World

#90

Philippines

add_circle

Cost of Living

help

$587

Ranked in the World

#141

Cost of Living Index

help

Ranked in the World

#104

Local Purchasing Power Index

help

22.4

Ranked in the World

#121

Rent Index

help

9.8

Ranked in the World

#100

Poland

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Cost of Living

help

$814

Ranked in the World

#96

Cost of Living Index

help

38.6

Ranked in the World

#87

Local Purchasing Power Index

help

Ranked in the World

#44

Rent Index

help

Ranked in the World

#58

Portugal

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Cost of Living

help

$977

Ranked in the World

#67

Cost of Living Index

help

45.3

Ranked in the World

#66

Local Purchasing Power Index

help

51.7

Ranked in the World

#58

Rent Index

help

21.9

Ranked in the World

#40

Qatar

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Cost of Living

help

$1,891

Ranked in the World

#12

Cost of Living Index

help

59.5

Ranked in the World

#38

Local Purchasing Power Index

help

123.6

Ranked in the World

Rent Index

help

Ranked in the World

Republic of Macedonia

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Cost of Living

help

$512

Ranked in the World

#167

Cost of Living Index

help

31.4

Ranked in the World

#113

Local Purchasing Power Index

help

38.2

Ranked in the World

#75

Rent Index

help

5.7

Ranked in the World

#130

Republic of the Congo

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Cost of Living

help

$550

Ranked in the World

#152

Romania

add_circle

Cost of Living

help

$650

Ranked in the World

#126

Cost of Living Index

help

37.4

Ranked in the World

#91

Local Purchasing Power Index

help

52.5

Ranked in the World

#57

Rent Index

help

9.9

Ranked in the World

#97

Russia

add_circle

Cost of Living

help

$868

Ranked in the World

#82

Cost of Living Index

help

40.8

Ranked in the World

#77

Local Purchasing Power Index

help

40.9

Ranked in the World

#69

Rent Index

help

12.8

Ranked in the World

#80

Rwanda

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Cost of Living

help

$664

Ranked in the World

#122

Cost of Living Index

help

Ranked in the World

#119

Local Purchasing Power Index

help

Ranked in the World

#101

Rent Index

help

14.2

Ranked in the World

#69

Saint Kitts and Nevis

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Cost of Living

help

$1,184

Ranked in the World

#40

Saint Lucia

add_circle

Cost of Living

help

$1,042

Ranked in the World

#55

Saint Vincent and the Grenadines

add_circle

Cost of Living

help

$863

Ranked in the World

#83

San Marino

add_circle

Cost of Living

help

$1,018

Ranked in the World

#59

São Tomé and Príncipe

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Cost of Living

help

$795

Ranked in the World

#100

Saudi Arabia

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Cost of Living

help

$1,020

Ranked in the World

#57

Cost of Living Index

help

50.6

Ranked in the World

#53

Local Purchasing Power Index

help

101.9

Ranked in the World

#13

Rent Index

help

Ranked in the World

#82

Senegal

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Cost of Living

help

$969

Ranked in the World

#69

Cost of Living Index

help

46.4

Ranked in the World

#65

Local Purchasing Power Index

help

21.7

Ranked in the World

#125

Rent Index

help

22.2

Ranked in the World

#39

Serbia

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Cost of Living

help

$667

Ranked in the World

#121

Cost of Living Index

help

37.2

Ranked in the World

#93

Local Purchasing Power Index

help

39.6

Ranked in the World

#72

Rent Index

help

10.6

Ranked in the World

#94

Seychelles

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Cost of Living

help

$1,387

Ranked in the World

#28

Sierra Leone

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Cost of Living

help

$748

Ranked in the World

#106

Singapore

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Cost of Living

help

$2,420

Ranked in the World

Cost of Living Index

help

85.9

Ranked in the World

Local Purchasing Power Index

help

95.6

Ranked in the World

#19

Rent Index

help

85.3

Ranked in the World

Singapore is the fourth most expensive country to live in with a cost of living of $2,420. The high cost of living in Singapore is due to various factors, including high wages, a thriving economy, and a high standard of living. Despite the high cost of living, Singapore remains an attractive destination for many expatriates, given its favorable tax regime, political stability, and excellent infrastructure. Singapore's cost of living index is 85.9, which is relatively lower than other expensive countries in the world. Its local purchasing power index is 95.6, suggesting that residents have a higher purchasing power compared to other countries. Housing in Singapore is expensive, as reflected by the rent index of 85.3, which is higher than the cost of living index.

Slovakia

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Cost of Living

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$913

Ranked in the World

#73

Cost of Living Index

help

44.2

Ranked in the World

#68

Local Purchasing Power Index

help

56.3

Ranked in the World

#52

Rent Index

help

14.9

Ranked in the World

#65

Slovenia

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Cost of Living

help

$1,059

Ranked in the World

#53

Cost of Living Index

help

50.8

Ranked in the World

#51

Local Purchasing Power Index

help

61.7

Ranked in the World

#48

Rent Index

help

16.6

Ranked in the World

#55

Solomon Islands

add_circle

Cost of Living

help

$1,577

Ranked in the World

#22

Somalia

add_circle

Cost of Living

help

$797

Ranked in the World

#98

South Africa

add_circle

Cost of Living

help

$852

Ranked in the World

#87

Cost of Living Index

help

37.8

Ranked in the World

#89

Local Purchasing Power Index

help

83.9

Ranked in the World

#27

Rent Index

help

Ranked in the World

#70

South Korea

add_circle

Cost of Living

help

$1,062

Ranked in the World

#52

Cost of Living Index

help

70.4

Ranked in the World

#19

Local Purchasing Power Index

help

85.5

Ranked in the World

#26

Rent Index

help

17.5

Ranked in the World

#52

South Sudan

add_circle

Cost of Living

help

$505

Ranked in the World

#169

Spain

add_circle

Cost of Living

help

$1,141

Ranked in the World

#45

Cost of Living Index

help

50.6

Ranked in the World

#54

Local Purchasing Power Index

help

82.5

Ranked in the World

#29

Rent Index

help

21.7

Ranked in the World

#41

Sri Lanka

add_circle

Cost of Living

help

$316

Ranked in the World

#189

Cost of Living Index

help

25.3

Ranked in the World

#134

Local Purchasing Power Index

help

Ranked in the World

#132

Rent Index

help

5.4

Ranked in the World

#132

Sudan

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Cost of Living

help

$657

Ranked in the World

#124

Suriname

add_circle

Cost of Living

help

$679

Ranked in the World

#118

Sweden

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Cost of Living

help

$1,398

Ranked in the World

#27

Cost of Living Index

help

62.9

Ranked in the World

#31

Local Purchasing Power Index

help

101.2

Ranked in the World

#14

Rent Index

help

22.7

Ranked in the World

#37

Switzerland

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Cost of Living

help

$2,507

Ranked in the World

Cost of Living Index

help

114.2

Ranked in the World

Local Purchasing Power Index

help

118.7

Ranked in the World

Rent Index

help

50.2

Ranked in the World

Switzerland is the third most expensive country in the world with a cost of living of $2,507. The mountainous and landlocked nation of Switzerland is known for its high standard of living, quality of life, and scenic beauty, making it an attractive destination for tourists and expatriates. The country's high cost of living is attributed to several factors, including high wages, high taxes, and a strong economy. Switzerland has a cost of living index of 114.2, which is among the highest in the world. However, its local purchasing power index is also high at 118.7, suggesting that despite the high cost of living, residents have a high purchasing power. In contrast, the rent index in Switzerland is relatively low at 50.2, indicating that housing costs are not as high compared to other expenses in the country.

Syria

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Cost of Living

help

$503

Ranked in the World

#172

Cost of Living Index

help

26.1

Ranked in the World

#131

Local Purchasing Power Index

help

5.5

Ranked in the World

#139

Rent Index

help

4.5

Ranked in the World

#135

Taiwan

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Cost of Living

help

$981

Ranked in the World

#66

Cost of Living Index

help

54.2

Ranked in the World

#45

Local Purchasing Power Index

help

71.3

Ranked in the World

#38

Rent Index

help

15.3

Ranked in the World

#62

Tajikistan

add_circle

Cost of Living

help

$491

Ranked in the World

#175

Tanzania

add_circle

Cost of Living

help

$743

Ranked in the World

#107

Cost of Living Index

help

30.8

Ranked in the World

#118

Local Purchasing Power Index

help

20.5

Ranked in the World

#127

Rent Index

help

9.9

Ranked in the World

#98

Thailand

add_circle

Cost of Living

help

$742

Ranked in the World

#108

Cost of Living Index

help

40.7

Ranked in the World

#79

Local Purchasing Power Index

help

33.2

Ranked in the World

#90

Rent Index

help

13.3

Ranked in the World

#77

The Bahamas

add_circle

Cost of Living

help

$1,809

Ranked in the World

#15

Cost of Living Index

help

90.9

Ranked in the World

Local Purchasing Power Index

help

43.2

Ranked in the World

#66

Rent Index

help

39.6

Ranked in the World

#12

The Gambia

add_circle

Cost of Living

help

$425

Ranked in the World

#181

Togo

add_circle

Cost of Living

help

$594

Ranked in the World

#138

Trinidad and Tobago

add_circle

Cost of Living

help

$977

Ranked in the World

#68

Cost of Living Index

help

53.3

Ranked in the World

#47

Local Purchasing Power Index

help

38.9

Ranked in the World

#73

Rent Index

help

13.7

Ranked in the World

#73

Tunisia

add_circle

Cost of Living

help

$416

Ranked in the World

#184

Cost of Living Index

help

26.5

Ranked in the World

#130

Local Purchasing Power Index

help

Ranked in the World

#102

Rent Index

help

Ranked in the World

#134

Turkey

add_circle

Cost of Living

help

$428

Ranked in the World

#180

Cost of Living Index

help

28.1

Ranked in the World

#125

Local Purchasing Power Index

help

Ranked in the World

#98

Rent Index

help

7.2

Ranked in the World

#125

Turkmenistan

add_circle

Cost of Living

help

$1,159

Ranked in the World

#44

Uganda

add_circle

Cost of Living

help

$574

Ranked in the World

#147

Cost of Living Index

help

32.1

Ranked in the World

#110

Local Purchasing Power Index

help

12.5

Ranked in the World

#134

Rent Index

help

Ranked in the World

#109

Ukraine

add_circle

Cost of Living

help

$458

Ranked in the World

#177

Cost of Living Index

help

25.6

Ranked in the World

#133

Local Purchasing Power Index

help

38.1

Ranked in the World

#77

Rent Index

help

8.1

Ranked in the World

#116

United Arab Emirates

add_circle

Cost of Living

help

$1,660

Ranked in the World

#21

Cost of Living Index

help

60.3

Ranked in the World

#36

Local Purchasing Power Index

help

123.4

Ranked in the World

Rent Index

help

Ranked in the World

#16

United Kingdom

add_circle

Cost of Living

help

$1,804

Ranked in the World

#16

Cost of Living Index

help

61.5

Ranked in the World

#33

Local Purchasing Power Index

help

98.9

Ranked in the World

#16

Rent Index

help

30.3

Ranked in the World

#24

The cost of living in the UK is $1.8k per month and ranks the sixteenth most expensive country in the world to live in. Housing prices in particular have seen a significant rise with an average house price in 2022 costing £245,000, which is 6.3% higher than in 2021. Taxes within the U.K. are higher than in many other places around the world which further increases the cost of living for residents. The cost of utilities and groceries is also high due to taxes imposed by the government. As for transportation, public transport fares have significantly increased over the past decade with single bus tickets now costing up to three times as much as they did ten years ago.

United States of America

add_circle

Cost of Living

help

$2,112

Ranked in the World

Cost of Living Index

help

72.4

Ranked in the World

#16

Local Purchasing Power Index

help

115.7

Ranked in the World

Rent Index

help

47.1

Ranked in the World

The United States of America is the sixth most expensive country in the world, with a cost of living of $2,112. The cost of living index stands at 72.4, which is lower than many other developed countries, such as Switzerland or Luxembourg. However, the rent index is 47.1, which is comparatively high. Additionally, the local purchasing power index is 115.7, indicating that the US has relatively high purchasing power. Several factors contribute to the high cost of living in the US, including healthcare costs, high taxes, and high housing prices in major cities. However, the country also boasts a wide range of affordable options for entertainment, food, and shopping, and there are many job opportunities with high salaries. Therefore, while it is an expensive country to live in, it is also a country where it is possible to achieve a high quality of life.

Uruguay

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Cost of Living

help

$1,090

Ranked in the World

#49

Cost of Living Index

help

59.9

Ranked in the World

#37

Local Purchasing Power Index

help

38.4

Ranked in the World

#74

Rent Index

help

15.9

Ranked in the World

#59

Uzbekistan

add_circle

Cost of Living

help

$525

Ranked in the World

#159

Cost of Living Index

help

Ranked in the World

#127

Local Purchasing Power Index

help

24.8

Ranked in the World

#114

Rent Index

help

10.7

Ranked in the World

#93

Vanuatu

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Cost of Living

help

$1,886

Ranked in the World

#13

Venezuela

add_circle

Cost of Living

help

$762

Ranked in the World

#103

Cost of Living Index

help

41.6

Ranked in the World

#75

Local Purchasing Power Index

help

12.4

Ranked in the World

#135

Rent Index

help

7.4

Ranked in the World

#124

Vietnam

add_circle

Cost of Living

help

$622

Ranked in the World

#134

Cost of Living Index

help

35.7

Ranked in the World

#96

Local Purchasing Power Index

help

31.5

Ranked in the World

#95

Rent Index

help

11.2

Ranked in the World

#89

Yemen

add_circle

Cost of Living

help

$535

Ranked in the World

#158

Cost of Living Index

help

58.8

Ranked in the World

#39

Local Purchasing Power Index

help

18.6

Ranked in the World

#129

Rent Index

help

7.9

Ranked in the World

#118

Zambia

add_circle

Cost of Living

help

$1,000

Ranked in the World

#64

Zimbabwe

add_circle

Cost of Living

help

$831

Ranked in the World

#93

Cost of Living Index

help

40.8

Ranked in the World

#78

Local Purchasing Power Index

help

18.7

Ranked in the World

#128

Rent Index

help

11.5

Ranked in the World

#88

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FAQ

What is the most expensive country to live in ?

The most expensive country to live in, with a cost of living of $3.6k per month, is Monaco.

What are the most expensive countries to live in ?

The ten most expensive countries to live in, ranked by cost of living, are Monaco, Cayman Islands, Switzerland, Singapore, Liechtenstein, the United States, Iceland, Luxembourg, Ireland, and Australia.

What are the 25 most expensive countries in the world?

The top 25 most expensive countries in the world are :

1. Monaco
2. Cayman Islands
3. Switzerland
4. Singapore
5. Liechtenstein
6. United States
7. Iceland
8. Luxembourg
9. Ireland
10. Australia
11. Norway
12. Qatar
13. Vanuatu
14. Canada
15. The Bahamas
16. United Kingdom
17. Israel
18. The Netherlands
19. New Zealand
20. Denmark
21. United Arab Emirates
22. Solomon Islands
23. North Korea
24. Antigua and Barbuda
25. Austria

Most Expensive Countries to Live In 2023 - Wisevoter (2024)

Introduction

Most Expensive Countries

Cost of Living

Most Expensive Countries to Live In

Most Expensive Country in the World

Sources

Cost of Living by Country

Afghanistan

Albania

Algeria

Andorra

Angola

Antigua and Barbuda

Argentina

Armenia

Australia

Austria

Azerbaijan

Bahrain

Bangladesh

Barbados

Belarus

Belgium

Belize

Benin

Bhutan

Bolivia

Bosnia and Herzegovina

Botswana

Brazil

Brunei

Bulgaria

Burkina Faso

Burundi

Cambodia

Cameroon

Canada

Cayman Islands

Central African Republic

Chad

Chile

Colombia

Comoros

Costa Rica

Croatia

Cuba

Cyprus

Czech Republic

Democratic Republic of the Congo

Denmark

Djibouti

Dominica

Dominican Republic

East Timor

Ecuador

Egypt

El Salvador

Equatorial Guinea

Eritrea

Estonia

Eswatini

Ethiopia

Fiji

Finland

France

Gabon

Georgia

Germany

Ghana

Greece

Grenada

Guatemala

Guinea

Guinea-Bissau

Guyana

Haiti

Honduras

Hungary

Iceland