These are the 21 most expensive countries in the world to live in
The world’s most expensive countries have been revealed, based on costs of groceries, transport, bills, restaurants and rent, as the Independent reports.
MoveHub made the top, using the notoriously expensive New York as a benchmark. New York has an index score of 100. This way, any country with an index smaller than 100 ranks below New York in terms of cost of life, while above means that it is more expensive.
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The two countries are tied. Ghana is one of Africa’s more prosperous nations, which is reflected in the cost of living. Meanwhile, the cost of living in Italy is higher than in the eurozone’s two largest economies, Germany and France.
19. Israel – 54.11
Compared to other states in the region, like Kuwait and the United Arab Emirates, this country is pretty inexpensive.
18. Kuwait – 57.31
One of the strongest currencies in the world can be found here, as a single dinar is worth £2.63.
17. Japan – 57.62
Despite being stagnant in the latest years, the economy in Japan still assures the country’s status as one of the world’s powerhouses, which reflects in the living cost.
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16. New Zealand – 58.26
New Zealand might have to import most of its products, which makes it pretty expensive.
15. USA – 58.59
While living in big cities like New York and Los Angeles may cost you quite a lot, rural areas and smaller cities are different.
14. Ireland – 59.56
For the Brits looking to leave the UK and move to Ireland, they will find that the cost of living is bigger than what they were used to.
13. Denmark – 60.01
The fact that Denmark is the most heavily indebted country in Europe reflects in the cost of living in the country.
12. Australia – 62.39
Similar to New Zealand, Australia has to import most of its goods, raising costs significantly.
11. US Virgin Islands – 62.56
The island nation might be a dream-place, but it is a costly place to live, outstripping its parent state, the USA.
10. Luxembourg – 64.18
Luxembourg is both among one of the wealthiest nations in the world and among the most pricey.
9. Qatar – 68.06
The country has many skilled workers from overseas that receive high salaries, but most of those salaries are cancelled out by the cost of living.
8. United Arab Emirates – 68.39
Popular among the rich and famous, Dubai is notorious for its expensive lifestyle.
7. Bahamas – 73.63
Being an island nation, it faces the problem of having to import goods and thus raising costs.
6. Norway – 74.47
As other Scandinavian countries known for being too expensive, Norway is no exception, with an average 1 bedroom apartment costing around £900 per month to rent.
5. Singapore – 76.57
In Singapore, an average pint of beer in the city-state is approximately £8.5.
4. Iceland – 80.47
Having little fertile ground, Iceland has to import much of its food, pushing costs up.
3. Hong Kong – 81.93
Space is really crowded, which makes the apartments both tiny and expensive.
2. Switzerland – 90.68
Switzerland is often praised for its great infrastructure, healthcare and clean environment, but everything comes with a price.
1. Bermuda – 126.34
The most expensive nation on earth, Bermuda’s capital Hamilton is also the most expensive city on the planet.
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