Which country is the most expensive: 10 Most Expensive Countries to Live In

Most Expensive Countries to Live in 2023

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Cost of Living (Monthly US$) – LivingCost








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A high cost of living can impact a country’s quality of life in many ways. 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. 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. 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.

Computing 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. The final number is often given in respect to a baseline location, such as the notoriously pricey New York City. No two lists of expensive countries are identical. 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. Nonetheless, viewing multiple lists reveals some identifiable trends:

Top 10 Most Expensive Countries to Live In (per month US$)- Living Cost

  1. Monaco – $3743
  2. Cayman Islands (UK Territory) – $2844
  3. Switzerland – $2497
  4. Ireland – $2316
  5. Liechtenstein – $2306
  6. Iceland – $2207
  7. Singapore – $2169
  8. Luxembourg – $2163
  9. Norway – $2074
  10. United States – $1951

Top 10 Most Expensive Countries to Live In (New York City, USA = 100) – Numbeo

  1. Bermuda (UK Territory) – 126.71
  2. Switzerland – 92.59
  3. Jersey (UK territory) – 80. 36
  4. Hong Kong (China) – 79.31
  5. Luxembourg – 75.53
  6. Iceland – 75.12
  7. Singapore – 74.46
  8. Norway – 72.72
  9. Denmark – 63.53
  10. Ireland – 63.18

Top 10 Most Expensive Countries to Live In (Global average = 100) – Global Economy

  1. Bermuda (UK Territory) – 225.86
  2. Iceland – 209.10
  3. Switzerland – 197.89
  4. Norway – 186.52
  5. Denmark – 171.78
  6. Barbados – 169.90
  7. Australia – 168.02
  8. Israel – 167.52
  9. New Zealand – 160.18
  10. Bahamas – 158.09

Many of the most expensive countries in which to live fall into one of two categories. 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. The U.K.-controlled island territory Bermuda ranks as the most expensive place to live in two of the three surveys (the third does not track Bermuda), with a numbeo score of 126. 71. Bermuda’s capital city of Hamilton is deemed to be one of the most expensive cities in the world, where a 900-square-foot apartment can cost US$4,058 per month. Two other consistently expensive countries are Switzerland, which registers the highest food prices in the European Union, and Iceland, whose remoteness (and the attendant shipping cost) results in consumer goods prices much higher than those in mainland Europe. To be fair, Iceland has many perks to balance out its price, including consistently ranking as the world’s safest country.

Speaking of perks, Norway appears on all three lists, but the score does not tell the whole story. Norwegian wages are high, and the disparities in income are much smaller in Norway than in the United States. People in the service industry, education, and areas of the public sector all earn living wages. Furthermore, Norway has a very progressive taxation system that imposes some of the highest taxes in the world but provides free universal health care and free college to its citizens. Perhaps surprisingly, the United States breaks the top 10 on only one of the three lists. To be sure, the U.S. does have its fair share of expensive places to live—particularly cities such as New York City, San Francisco, and Chicago. However, lower costs in rural areas bring down its nationwide average a bit. For a complete look at all the countries and their respective scores, see the table below.

Most Expensive Countries to Live in 2023

Most Expensive Countries to Live in 2023


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Most Expensive Countries to Live in 2023

  1. Cost of Living by Country – Living Cost
  2. Cost of Living – Country Rankings – Global Economy
  3. Cost of Living Index – Numbeo
  4. Cost of Living Ranking by Country – Expatistan


The 5 Most Expensive Countries to Live In | Mauve Group

Concerned about expensive local rent? Or is your cost of living increasing without adequate salary adjustments?

How does your working location compare to some of the most expensive in the world? Here’s our take on five of the most expensive countries to live and work in across the world. If none of these take your fancy – why not check out the 5 cheapest to live and work around the world.


Unsurprisingly, Switzerland is one of the most expensive countries to live in. The country’s cost of living index was ranked the highest in the world in 2020 at 122.4. For comparison, notoriously costly New York City has a cost-of-living index of 100. Rent is the biggest expense in Switzerland, with the nation racking up a hefty national rent index of 50.25. Switzerland was also ranked the most expensive country for restaurant and grocery prices, and slips into second place behind Hong Kong for the most expensive average rent prices. However, average wages do well at keeping up with this high cost of living, leaving Switzerland with a relatively proportional purchasing power.

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Thinking of relocating to Switzerland – see more local information including tax and immigration laws here: Switzerland-Country-Report-KK_V.02. pdf (mauvegroup.com)


Our next European country, Norway, is regular on any list of the most expensive countries in the world. Norway’s capital city of Oslo has some of the most expensive rent prices in the world. A one-bedroom studio apartment in the capital city is estimated to cost around $1,193 a month. The rest of the country is not much cheaper and it ranks higher on the cost of living index than New York City at 101.43. Food and leisure are also big expenses in Norway with daily grocery prices recorded as some of the most expensive in the world.

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Thinking of relocating to Norway – see more local information including tax and immigration laws here: Norway-Country-Report-KK_V.01.pdf (mauvegroup.com)


Known for its high-tech innovation and its commitment to a cleaner and greener city, Singapore is one of the world’s most expensive city-states. Singapore is an island city-state in Southeast Asia with one of the smallest populations in the world – home to just under 6 million. The local cost of living index is 81.1 with an above-average rent index of 63.27. Renting a private apartment in desirable areas such as the East Coast, River Valley or Chinatown can cost anything from $600 – $1,300 a month.

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Thinking of relocating to Singapore – see more local information including tax and immigration laws here: Singapore-Country-Report-KK_V.02.pdf (mauvegroup.com)


In 2020, Japan was listed as one of the top 10 countries with the highest rent prices in the world. With a national rent index of 25.97, a one-bedroom studio apartment in Tokyo will cost you around $1,370 a month. Located in the northwest Pacific Ocean, Japan is known for its commitment to innovation and creativity and has become a hub for expats and tourists alike. Also a popular location for tech professionals, Japan boasts a strong average salary for those that plan to live and work in the country rather than travel. The cost of living index for Japan is 83. 35, just under that of New York City.

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Thinking of relocating to Japan – more info here: Consultancy Services | Mauve Group – Experts in Expansion


Regularly ranked as one of the richest and most liveable countries in the world, Luxembourg is also one of the most expensive. The country is also known for its high rental costs with the monthly cost of a one-bedroom apartment at around 1,397 euros, this figure also grows substantially in central areas of Luxembourg City. The cost of goods in Luxembourg is so high that locals are known for crossing the border to the neighbouring countries of Belgium, France, and Germany to buy luxury items. Luxembourg has a cost of living index of 81.89 and a local rent index of 54.92.

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Thinking of relocating to Luxembourg – see more local info here: New Employer of Record Solution in Luxembourg | Mauve Group – Experts in Expansion


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Most expensive and cheapest life in 2022: ranking of countries


  • Bermuda managed to bypass Switzerland
  • Where is the cheapest? Outside of China
  • Russia and former USSR countries (excluding the Baltics)
  • Baltic States
  • European Union
  • North Atlantic Alliance
  • Dynamics
  • Methodology
  • Practical value 90 006
  • Residence permit, permanent residence and citizenship

Numbeo, an Internet portal that specializes in calculating the cost of living in different countries, has published a rating for 2022.

Data is calculated based on information provided by users. Numbeo uses the cost of living in New York as its starting point. The New York average is 100.00%. If information about the cost of utilities in any city is, according to Numbeo, 120%, then this means that on average a “communal” is more expensive than in New York by 20%.

The cost of living in a country is an average indicator that is made up of information about the cost of consumer goods, food, restaurant services, transport and utilities. The cost of real estate and rental housing is excluded from the calculation of the main rating, but is included in the additional column.

Since the data is provided by users who tend to prefer more popular restaurants (rather than the most affordable), the Numbeo rating is more of an “average spending” than an academic report on the cost of living. Economists can probably see certain disadvantages in this approach. But for the average user who would like to find information about the “cost of living” in a particular country, the advantages are obvious. This is a real picture, the criteria for compiling which are simple and clear.

The Numbeo rating is popular. It is cited by the BBC, The Economist, The New York Times, The Washington Post and others. York)

2. Switzerland (123. 35%)

3. Norway (100.9%)

4. Iceland (94.86%)

5. Barbados (92.37%)

The tiny nation of Bermuda is a popular resort among Americans. Liberal legislation exempts foreign companies from paying transaction taxes, and Bermuda jurisdiction is actively used by financial transnational corporations. In addition, Bermuda is one of the most famous home ports in the world (in terms of the number of registered ships, Bermuda is in the top five). With a population of about 70 thousand people. The GDP of this state is approximately $ 6.3 billion. Almost all goods and fuel have to be imported. It would be strange if life here did not cost more than in Switzerland, not to mention New York.

Where is the cheapest place? Not in China

The cheapest living today is

135. in Algeria (26.87% of New York 100),

136. Colombia (26.72%), 9 0003

137. India (24.43%),

138. Afghanistan (20.37%)

139. and Pakistan (19.92%).

It is worth mentioning that India is not only the second largest country in the world, but also a dynamically developing economy, which in terms of GDP is in the third position in most rankings. But (so far) living there is four times cheaper than in New York.

What about China? The leader in terms of population and GDP in the Numbeo ranking is in 80th place (41.77%).

Living in China is more expensive than in Hungary (81st position), but cheaper than in the Dominican Republic.

Russia and the countries of the former USSR (excluding the Baltics)

In the general list of 139 countries, Russia opens the second hundred:

101. Russia (35.26% of New York),

109. Armenia (33.89%),

120. Belarus (30.89%),

121. Ukraine (30.71%).

Russia is the most expensive country of the former USSR, except for the Baltic States. Living in Russia is cheaper than in Mexico (138th position), but more expensive than in Romania (140th). At the same time, it should be taken into account that the rating is calculated on the basis of average data for the country. Probably, if Moscow prices had been taken as a basis, Russia would have been able to bypass at least Mexico.

The cheapest life among the countries of the former Soviet Union


126. Azerbaijan (29.73%),

129. Kazakhstan (28.68%)

133. and Uzbekistan (27.31%).

Data for Kyrgyzstan, Tajikistan and Turkmenistan are not presented this year.

Baltic States

47. Estonia (53.68% of New York estimate),

61. Latvia (48.45%)

69. and Lithuania (45.65%) 9004 2

are by no means the cheapest EU countries, although not the most expensive.

European Union

8. Denmark (84.12% of New York)

13. Luxembourg (80.50%)

1 6. Ireland (76.05%)

17. Netherlands (75.66%)

19. France (74.13%)

21. Finland (73.20%)

22. Belgium (72.61%) 9004 2

23. Sweden (71.74%)

24. Austria (71.04%)

32. Italy (66.47%)

34. Germany (65.58%)

41. Greece (56.22%)

46. Spain (53.88%)

900 41 63. Czech Republic (48.24)

86. Poland (38.95%)

88. Bulgaria (38.38%)

102 Romania (35.24%)

It is noteworthy that expensive Denmark is still cheaper than New York, and the economic locomotive of the European Union, Germany, is in the middle of the list.

Living in the “cheapest” EU country, Romania, costs 0.02% more than living in the “most expensive” Russia in the former USSR.


25. Canada (70.22% of the cost of living in New York)

26. United States (70.13%)

27. United Kingdom (69.65%) 9 0003

This year, the Atlantic allies managed to take three positions in a row. The cost of living in these countries varies within a percentage.

It is noteworthy that, on average, life in the US is 30% cheaper than life in New York.


More expensive than . Over the year, the United States has risen one point, living in Ukraine has risen in price by six, and in Russia by nine points.

Cheaper than . Life has become cheaper in the UK (minus 1 point), Poland (minus 8 points) and Moldova (minus 9 points).


The secret of Numbeo’s success lies in the way it works.

The information base of the portal is filled in by users – Wikipedia works according to the same principle. Who now remembers that Britannica was once the most popular encyclopedia? Wikipedia has many more users than Britannica authors. For the same reason Numbeo in a relatively short period of time (the portal was founded in 2009Serbian mathematician and ex-Google employee Mladen Adamovich) began to provide information that cannot be found in open sources. Not only because such data is often closed or sold by subscription, but for the reason, first of all, that there is simply no other place than the Numbeo database.

Similar studies are usually carried out within individual countries. Researchers are not always able to estimate the cost of products / services in practice, by purchasing goods and services. Statistical agencies usually enter data manually, on a one-digit, one-digit basis. Increasing the scope of a research project is a significant increase in costs. Even if the studies are thorough, they take into account a limited number of localities in the country.

In addition, “classic” surveys are carried out in a limited period of time and do not take into account seasonal price fluctuations. Since the data is entered once, it is not possible to correct errors.

In other words, Numbeo offered a working mechanism that operates with monstrous amounts of information and allows you to track complex processes on a global scale.

Numbeo uses auto-configured filters that allow you to validate information received from users. Big data statistics work – the system ignores some data, because they can be considered as deviation, spam, etc. If messages that were originally marked as spam begin to be confirmed, Numbeo reconsiders the relationship and the data is taken into account.

Numbeo uses all the data to calculate the average data for a given country (these are the indicators used in this material). This approach has certain drawbacks, because, for example, as we have seen, the cost of living in the United States turned out to be 30% cheaper than the cost of living in New York. This point should be taken into account by those who are planning a trip / moving – in practice, life may turn out to be more expensive or cheaper than promised.

Practical value

“Cheap life”, as can be seen from the rating, does not necessarily indicate a low quality of life in the country. Other indicators should be taken into account, for example, the crime rate, the cost of rent, and so on.

It is interesting to consider the popular directions of emigration / residence permit / permanent residence in the context of several graphs.

You can draw your own conclusions.

90 296 39

9 0296 Dominican Republic

9Montenegro 90 299

“Cost of Living”, ranking position Country “Cost of Living”, including rent, ranking position 90 262 Safety rating*, position Quality of life rating**, position
29 Malta 31 52 62
37 Cyprus 34 34
49 53 94 4 9
51 Panama 43 64 57
80 87 121 *** 86 54 ***
109 Armenia 6 ***
123 Moldova 123 84 ***
130 Turkey 130 50 48

* Safety rating is calculated based on user survey. Numbeo invites them to answer questions that are usually asked in similar questionnaires of government and international organizations. Data on crime, corruption and so on are taken into account. In some cases, according to the portal, the Numbeo rating is able to reflect more up-to-date information than data from government agencies, since users provide not only more complete, but also more relevant and uncensored data.

** Quality of life rating is calculated using a formula that takes into account purchasing power, pollution, housing prices and incomes, cost of living, safety, healthcare, traffic jams, traffic conditions, and climate data.

*** No data provided (data were not presented in a representative amount for all items).

Residence permit, permanent residence and citizenship

For questions related to obtaining a residence permit, permanent residence and citizenship, please contact our specialists.

In addition, on our website you can find up-to-date information about current immigration programs.

Full list of options, including countries not listed in Numbeo.

TOP-10 of the most expensive European countries

Table of Table of

  • TOP5 European expensive countries
  • Other expensive countries for living in Europe
  • ,

  • The most expensive countries of the world
  • ,

  • And what about the cheapest countries for permanent life?
  • Expensive or cheap? Choose a country

Worried about the high cost of rent and a consumer basket? Are you choosing a location for the optimal ratio of living expenses with security and a high-quality social sphere? We propose to consider the TOP5 of the most expensive countries in Europe for work and life, where consumers need to be prepared for fairly high prices. If you don’t like anything from our list, we suggest that you additionally familiarize yourself with the cheapest countries in the world with a comparative analysis of earnings.

Book a consultation with International Wealth experts to find the most suitable country for your family to move to.

The German statistical office Destatis has compiled a ranking of countries in Europe where the cost of living is higher than in Germany itself. TOP5 of the most expensive countries to live in Europe looks like this:

  1. Switzerland.
  2. Iceland.
  3. Norway.
  4. Denmark.
  5. Luxembourg.

If you are considering moving to Switzerland, consider that it is the most expensive country to live in permanently, with a cost of living index of 122.4 in 2020, the highest in the entire world. For example, American New York, well known for its rather expensive life, scored 100 points in this index. The most expensive item of expenditure for the Swiss is the rent for housing, while the rental index for the country is 50.25. Switzerland has the most expensive restaurants and groceries, but in the whole world, rental housing is still inferior to Hong Kong.

On the other hand, the Swiss salary level allows them to cope with such financial burdens, which creates a good proportionality to purchasing power.

Learn in detail how to move to Switzerland permanently in 2022

Iceland and Norway are about the same in cost of living – the average monthly cost of living here is 2,365 EUR, with rent remaining the most expensive item. For example, a one-room studio in the capital of Norway is available for rent from 1060 EUR, and the daily fee for such an apartment varies within 75 EUR. In general, for these countries, rental housing may decline closer to the regions, but the cost of living index increases the New York index, and the most expensive expenses here are assumed to be food and recreation.

Denmark, located in Northern Europe, is considered one of the happiest and most prosperous places on earth, with an average monthly cost of 2,944 EUR. Only the rent for a one-room studio is approximately 1,700 EUR per month, and you can rent such an apartment for 85 EUR per day. If you prefer to eat out, prepare to spend at least 16 EUR per person, and a cup of quality coffee costs around 6 EUR.

Luxembourg is the smallest state in the TOP5 most expensive countries to live in Europe, with about 207 people per square kilometer. The average monthly expenses here are 2,446 EUR, of which approximately 1,175 EUR will have to be paid for a month of renting a one-room studio in the capital. If you look at such a luxury as coffee, then in Luxembourg a drink is more expensive than in the well-known high cost of living in the Bahamas – one cup will cost 5.33 EUR. Meals outside the home – about 15-16 EUR per person.

Other expensive countries to live in Europe

Following the top five in the ranking are:

  • Sweden;
  • UK;
  • Germany;
  • Netherlands;
  • Austria.

If we compare the cost of living with Germany (it was her agency that conducted the study and made the rating), then the price interval, for example, in the Netherlands is + 7% compared to the cost of living of Germans, and in Austria and Belgium + 5%.

Interesting: Poland and the Czech Republic are marked as countries with a more favorable life than in Germany by 46% and 28% respectively, and the cost of living in Turkey is 64% lower compared to Germans.

However, there are countries in Europe where monthly living expenses are lower than in Germany. These are Bulgaria, Romania, Bosnia and Herzegovina (50% lower), Spain (-13%), Italy (-9%), Lithuania and Croatia (-36%). Of course, for the right choice of the country where you prefer to live permanently, it is necessary to take into account not only the cost of living – social infrastructure, medical care, education, security, political and economic stability remain very important factors. Additionally, you need to get acquainted with local legislation, in which our experts will always help. Depending on your preferences and wishes, we will help you choose a jurisdiction where your family will live and work as comfortably as possible for many years.

The most expensive countries in the world

And now let’s take a look at the most expensive countries to live outside of Europe:

  1. Traditionally Bermuda leads the ranking – here the average monthly expenses are at least 4,500 EUR. This is the most expensive country in the world to live in, where you will pay about 2,380 EUR per month just for renting a one-room apartment (studio). And you can spend the night for 189 EUR. One dinner in a restaurant for one person costs 18-27 EUR, and a cup of coffee here costs almost 9EUR.
  2. Life in Japan is also not cheap – the island country in Southeast Asia is considered the most expensive country to live in the world with an average monthly cost of 2,322 EUR. If you rent a one-room studio in the capital of Japan, Tokyo, or in major cities such as Nagoya, Sapporo or Osaka, get ready to pay 1,218 EUR per month or 98 EUR per day. But there is good news – given how expensive it is to live in Tokyo, a cup of coffee for a spaniel here is lower than in the Bahamas or in European countries – about 2.5 EUR.
  3. Barbados in the Lesser Antilles is also on the list of the most expensive countries to live in – here you will have to spend approximately 1,832 EUR per person per month. To rent a one-room studio in Bridgetown for a month, get ready to shell out 444 EUR, and for a day you need to pay 89 EUR. That is, it is very unprofitable to rent housing here by the day, it is much cheaper to conclude an agreement for several months in advance. But a meal in a restaurant or cafe will cost one person no less than 11.5 EUR, and the cost of coffee here is at the level of Europe – about 4-5 EUR per cup.
  4. The Cayman Islands are not cheap either – about 3,011 EUR will be your monthly expenses per family member. If you need accommodation in the capital of the state, Georgetown, get ready to pay at least 1,710 EUR for renting a one-room studio, and meals outside the home are similar to prices in the Bahamas – about 18-27 EUR per person. A cup of coffee here is available from 8.22 EUR.
  5. Bahamas assumes a monthly cost of EUR 2,444. The state, consisting of more than 700 islands, assumes a rent of 844 EUR for a one-room apartment in the largest city of Nassau, and per day you will have to pay 132 EUR for a studio. Here, every consumer who prefers to eat out should bring a minimum of 80-90 EUR, since only a basic meal already costs 15-20 EUR.

Do you want to choose a country to move to? Check out the list of the best countries for permanent residence in 2022 and contact our experts for a personalized consultation.

What about the cheapest countries for permanent living?

Of course, we cannot ignore the cheapest states, where living is not as expensive as in Switzerland or Bermuda, but wages can be somewhat lower. Of course, each choice is purely individual and depends on a huge number of factors and data, especially in quarantine conditions. Therefore, if you need to migrate, ask for the help of our experts. And here we will consider those countries that offer fairly reasonable prices for food and housing with a good geographical location and a good climate.

Among them:

  1. Portugal.
  2. Mexico.
  3. China.
  4. Costa Rica.
  5. Germany.
  6. Bulgaria.

Portugal is traditionally in demand among foreigners as a country for permanent residence, including thanks to a special residence permit program for the purchase of real estate. With an excellent warm climate, the country boasts an influential culture, and a high standard of living here is successfully combined with a highly profitable national economy. The cost of living in Portugal is 57% lower than in New York (Lisbon is taken as an example), and the average salary here is 900 EUR. At the same time, you will pay about 350 EUR per month for renting a one-room studio in the capital, and even less if you live in Porto or Faro.

Many migrants are genuinely surprised to find the European country of Bulgaria among the places with the cheapest living. This is the best choice for those who are repelled by the high taxes of France and the rather serious prices of Italy. The Bulgarian state is considered one of the cheapest in Europe – with a modest budget, families can live here with dignity, and the central location provides excellent connections with Romania, Greece and Turkey. The most popular vacancies here are foreign language tutors and employees in the field of tourism, and renting a two-room apartment in the capital will cost only 205 EUR per month. Lunch at an inexpensive restaurant – about 4.5 EUR.

Costa Rica is traditionally popular among foreign migrants as a stable and prosperous country in Latin America. This progressive state assumes the cost of living at the level of 1,200-1,500 EUR per month per person, it is possible to live with dignity on a more modest budget. For example, a couple of people of retirement age with a total income of 2,200 EUR can feel quite chic in Costa Rica. In addition, there is a very large variety of affordable residential real estate in incredibly beautiful places.

China and Mexico are specific countries with rather interesting legislation and very low cost of living. Of course, China is not very popular in terms of working abroad, but wages here are much higher than other Asian countries. Already for 260-270 EUR you can rent a one-room studio here, and for about 2.7 EUR you can have a delicious lunch in a restaurant. About the same prices in Mexico – a cheap flight, the turquoise waters of the Caribbean Sea and the clean golden beaches of the Pacific Ocean are available here. At the same time, you spend from 170 to 440 EUR for a monthly rent of a one-room apartment in a large city and no more than 1 EUR for a set meal.

And for those who prefer European culture in the center of world art, we recommend Germany. On the one hand, this is a rather expensive country to live in compared to China or Bulgaria, on the other hand, there are decent salaries proportional to expenses. Over the past ten years, the state has become a wealthy European country with prices 10% lower than in the UK. For one person to live at a good level, 769 EUR per month is enough, excluding rental housing.

Expensive or cheap? Choose country

This material is only a comparison of some countries, including the most expensive ones for living in Europe and beyond, but in no case is a full-fledged legal advice. It is very important to consider the ratio of earnings to prices within the country in order to determine for yourself exactly where you would like to live. We are also guided by other indicators: security, healthcare and education systems, geographical location and climate, etc. Therefore, the choice of place of residence is strictly individual – someone is attracted to Thailand with its exoticism, others prefer to live permanently in the Alps. For those who are looking for the optimal combination of the level and cost of living with good salaries, we also recommend that you consider Thailand, Poland, Peru. Turkey, Canada. For more details, please contact our experts. We also fully support business and personal migration abroad.

Which countries are the most expensive to live in Europe in 2021?

Expensive means high quality – this is exactly the motto in the countries that are in the TOP5 of the most expensive countries in Europe. Among them are Switzerland (leader), Iceland, followed by Norway, Denmark and tiny Luxembourg. On the one hand, there is a very high cost of renting housing, both daily and monthly, on the other hand, citizens’ incomes are commensurate with the prices of basic consumer goods. In addition, these states are famous for their strong health and education systems, excellent infrastructure and favorable climate, as well as a high level of security.

Which countries outside Europe are expensive to live in?

Bermuda has been the most expensive country to live in the world for several years in a row. The cost of living here for 1 person is at least 5,000 EUR, and one cup of coffee is more expensive than in Switzerland. Following Bermuda, the Cayman Islands, Japan, Barbados, and the Bahamas suggest expensive accommodation.

Where is the cheapest life in the world?

If you prefer Europe, Portugal is popular all the time – foreigners appreciate the opportunity to live quite luxuriously here even with small salaries.