Most Expensive Countries to Live: Introduction
Different countries in the world have varying standards and costs of living.
This is greatly dependent on their political and economical stability.
Europe and Asia are major components of the first 10 spot and In this post, we will be looking at them one after the other.
What Are The Data For Analysis?
They are factors that are responsible for the spike in cost of living.
We are going to use New York City as a reference point in this post.
Since the city has a living index rank of 100 (points), other countries in this post will be equated to that benchmark.
Back to the question, the five (5) Paramount factors that affects the standards of living in any country are:
- Cost of living
- Restaurant meal charges
- Power costs
- US and UK occupies the 20th and 27th spot while Australia and the United Arab Emirates (UAE) settles for the 16th and 32nd position in world (expensive) ranking.
- Pakistan is the most cheapest country to live in the world.
- Europe and Americans are leading expensive destinations.
- Asia and Africa are major components of the cheapest countries
- Tunisia is the most affordable country to live in Africa.
10 Most Expensive Countries to Live in Worldwide
Living index rank: 122.4
Switzerland is the most expensive country in the world to live in.
The country also has the highest price in restaurant services, groceries, and Power taxes.
It is one of the most remarkable nations with beautiful mountains, stunning resorts and quaint villages.
Living index rank: 101.43
Coming in next; Norway is the second most expensive country to live in the world.
It is also holds the award of the most expensive Nordic nation.
The country is stunningly beautiful and has striking eye-catching sites for tourists and residents to explore.
Living index rank: 100.48
Coming in next on our list of the most expensive country to live; Iceland is well renounced for breathtaking landscape and striking natural beauty.
It is the second most expensive Scandinavian country to live and also the most safest region Worldwide.
Living index rank: 83.35
Japan is not just the 4th country on our list; but also the most expensive nation in the entire Asia.
Its economy is greatly defined by the vast presence of IT due to their high level of development.
Also, the country was the host to “2020 Olympics.”
Living index rank: 83.0
Denmark is the third Nordic nation in our list.
It has great sites for exploitation and moreso; boost of cobblestoned streets and has a large number of half-timbered houses.
Living index rank: 82.51
Coming in next on our list of the most expensive country to live in is Bahamas.
It is a very beautiful country and is mostly characterized by the presence of wonderful white Sandy shores.
The nation also has a crystal pure water (a rare natural phenomenon).
Living index rank: 81.89
Coming in next; Luxembourg is the most expensive country to live in the Baltics zone.
The country is also one of the richest country in the world.
This landlocked nation economy is also among Europe’s most prominent.
Living index rank: 81.15
Up next; Israel is arguably the most expensive ancient nation in the world.
This middle East warriors are also regarded as the leading travelling destination across the world.
Living index rank: 81.1
Up next; Singapore is the second most expensive country to live in Asia.
It has a very developed economy that is genuinely attributed to the ever increasing development of ICT and e-commerce.
The country is famous for its stunning tall buildings and beautiful Gardens.
10. South Korea
Living index rank: 78.18
Coming in as the last; South Korea is one of the most developed country in Asia.
Its economic development is largely attributed to the high presence of technology and its innovations.
The country is famous for having all year round beautiful trees, great fishing zones and thousands of century-old Buddhist temples.
Most Expensive Countries to Live: Conclusion
That was is it on the most expensive countries to live in the world.
Hoped you enjoyed it?
What are your most expensive countries to live in?
Kindly air your views on our comments box and don’t forget to share to someone who you think it might be helpful to.