Global city price ranking12/5/2023 ![]() ![]() They are either exotic vacation destinations such as Monaco, the Cayman Islands, and Bermuda, or they are located in Northern Europe, as are Switzerland, Iceland, and Norway. Many of the most expensive countries in which to live fall into one of two categories. Top 10 Most Expensive Countries to Live In (Global average = 100) - Global Economy Top 10 Most Expensive Countries to Live In (New York City, USA = 100) - Numbeo Nonetheless, viewing multiple lists reveals some identifiable trends: Top 10 Most Expensive Countries to Live In (per month US$)- Living Cost Different research organizations use slightly different equations to compute the cost of living, and some include territories that others leave out or get their information from alternate sources. ![]() ![]() No two lists of expensive countries are identical. The final number is often given in respect to a baseline location, such as the notoriously pricey New York City. A high cost of living can even make a country less appealing to vacationers and ex-pats, who get less for their money than they might elsewhere.Ĭomputing the cost of living in a given area is typically done by measuring the cost of various goods and services, from rent/mortgage and utilities to groceries and sneakers, then comparing those amounts to the cost of the same goods and services elsewhere. Middle- and higher-income individuals fortunate enough to cover the basics without worry will still find less left for savings, vacations, their children's education, and retirement. For those on the lower end of the economic scale, such as low-wage workers or retirees on fixed incomes, a high cost of living can make it difficult to keep up with the cost of necessities such as housing, utilities, groceries, clothing, and transportation. A high cost of living can impact a country's quality of life in many ways. ![]()
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