This is definitely a controversial topic. Some countries are expensive as hell to live in, others are too cheap for their own good.
If you’re looking to move abroad and start life afresh in a new country, then you might be shocked to find out just how expensive some of these lesser-known countries are.
You can see the accommodation and living expenses for a single person living in the capital city for each country here.
Spain has the most expensive housing market, and it ranks as the 14th most expensive country to live in. France is the only European country other than the United Kingdom to make the list.
The 10 Most Expensive Countries to Live in Worldwide
This is the list of the 10 most expensive countries to live in worldwide.
10. Barbados – $2,061
This island is one of the 10 most expensive countries to live in.
Barbados is a tiny island nation in the Lesser Antilles of the West Indies, that is in the Caribbean region of North America.
This place is located at the south east of the region, the south of the state of Rio Grande do Sul and west of Paraná.
For those of you who might not know, Bridgetown is the capital of Barbados, which is the fourth most densely populated country in the Americas. And it has approximately 110,000 people living in it.
You can find a studio apartment in Bridgetown for $500 a month, or $100 a night in an Airbnb.
A basic meal will set you back no less than $13. A beer is roughly around $6.50 and a coffee is approximately $5.00, depending on where you go.
9. Japan – $2,612
To live in Japan, it is really expensive because of the taxes and everything else.
The archipelago comprises the main island of Honshu, and a large number of smaller islands, including Hokkaido, and Okinawa.
Japanese people mostly live on four islands, and more than half of the inhabitants of the world live on a few countries.
Japan has many large cities, like Osaka, Yokohama, Kyoto and Tokyo, which are all populated by more than two million people.
In addition, as Japan is a country that is growing economically, the need for this type of workforce has only increased.
A one-bedroom studio apartment in Tokyo, at least one of those studios will cost you $111 in an Airbnb.
Most people tend to spend between 10-15 Dollars on a meal at a restaurant. Some people might go for beer, but most people opt for a drink.
The following is a paraphrase of an entry from [Japan: The Lonely Planet (2004)], page 39.
Kagai is a good place for coffee (kagai kōhon means “good coffee”) in the [Kanagawa] region (although not the best), with [Kamakura] being a bit of a better place.
8. Norway – $2,659
Norway is a Scandinavian country located in Northern Europe with a population of about 5.3 million people.
The country shares borders with Sweden and Finland and has a total landmass of 385,203 km2.
This means that Bangladesh is the 171st most densely populated country in the world.
Norway’s capital is expensive, and renting a one-bedroom studio apartment is expensive. An Airbnb costs $85 a night.
You could have at least $1.00 left when buying a meal out. A beer will set you back at least $9.11.
7. The Bahamas – $2,704
This is also the most expensive country to live in.
It is the only country that consists of all islands and it is the biggest of them. The Bahamas is made of many islands and the total area is almost 13 943 km2.
A large city in the Bahamas is Nassau. Its population is about 255,000.
If you’re thinking about visiting the Bahamas, then you should budget approximately $150 per night for a one-bedroom apartment.
When you go out, you should carry at least $50-$100 in your wallet. Food and drinks cost around $15-$20, and beer will cost around $2.50.
You can buy a cup of coffee here for around $5.
6. Luxembourg – $2,751
Luxembourg is one of the smallest countries in the world. The country doesn’t provide a lot of wiggle room when it comes to your monthly expenses.
Luxembourg is a small landlocked country located in western Europe. It has an estimated population of 620,319 people.
Its population is extremely small, with just under 2,600 people per square kilometre – that makes this tiny country the 67th most densely populated country on the planet.
The Luxembourg City market is much bigger than it looks on the map, and it takes an hour or so to walk around. If you like walking, it is an amazing place to live.
Luxembourg also seems to be slightly more expensive when it comes to beer and coffee, as one beer will set you back less than $9 and coffee will cost you around $6.
Having a basic meal out in the city will cost about $17-$25 depending on what you order.
5. Iceland – $2,802
Number five is located in Iceland, which is the next country on our list of the most expensive countries in the world.
Iceland is a volcanic island that is located between the North and Atlantic oceans and has a total surface area of 103,000 square kilometers.
In addition, a large number of Icelanders are still living on farms of various sizes, meaning a majority of the population lives in rural areas. The country’s population density is therefore extremely low.
As a result of this low population density, Iceland has the lowest population density of any European country, at just 3 people per kilometre.
Â If your stay in Iceland is just for a short period of time, staying in an Airbnb is a good alternative to a hotel. Â If, however, you were hoping to make your trip more permanent and/or plan on staying in Iceland for a long time, you should look into renting a long-term housing option.
You will find cheap food at $12 for a basic meal, $8 for a beer and $2.15 for a cup of coffee.
4. Denmark – $3,312
Denmark is the fourth most expensive country in the world to live in. While it’s not necessarily the most expensive country in Europe to live in, Denmark is one of the most expensive countries in Northern Europe to live in.
Denmark has a population of 5.7 million people. Denmark is bordered by Germany, Sweden, and Norway.
The Scandinavian countries capital city is Copenhagen, which has an urban population of 1.99 million people, and a metropolitan population of about 1.5 million people.
A city known for being a very happy place to live, Copenhagen is also very expensive to live in.
You’re looking at a studio apartment on Airbnb, and for a one-bedroom, you’re looking at close to a hundred dollars a night.
Eating out will cost you approximately $30 for a family of four. So, we’ll save a little money by eating in.
3. Switzerland – $3,162
The country is one of the most expensive to live in, right behind Japan.
Switzerland is the fifth most populous country in Europe with more than 8.6 million people living on the border, and more than 41,285 square kilometers.
Switzerland has a number of beautiful cities, like it’s capital, Bern, also the largest city, Zurich.
This is what Bern is like. I mean, this is what I’m finding when I look around Bern. I think that the prices are similar to other cities, but there is the small difference that this is a high end city, with lots of expensive things to do, and I think that it’s not as cheap as I expected it to be.
A meal out will cost you approximately $15, with an additional beer at around $6.00 and coffee at around $5 a cup.
2. Cayman Islands – $3,387
The Cayman Islands is a small island country with a population of around 65,000. It’s second most populous island is Grand Cayman.
The island of Hispaniola is made up from Haiti and the Dominican Republic. They are two countries with a very interesting history.
It’s a collection of small islands like Grand Cayman, Little Cayman and Cayman Brac.
The Cayman Islands are well known for offshore companies, and there are over one hundred thousand companies registered in the Islands.
If you’re considering doing business in George Town, and want to rent an apartment that is within walking distance from the town’s shops, the cost of living in this vibrant, historical town is around $1,924 a month. That is the average monthly cost of renting a one-bedroom studio apartment in George Town, the capital city of the Cayman Islands.
There are quite a lot of places that are expensive, but I think that the price difference is not too big.
While you can get a burger and fries for around $20, with beer costing around $8 and coffee around $7, you may want to think twice if you have a meal out with friends.
1. Bermuda – $5,011
$5,000 a month is the most expensive of any country for accommodation and living expenses.
Bermuda is another British territory where the government is closely aligned with that of Britain.
Bermuda is the smallest independent nation in the world with a total population of approximately 65,000 people living across a total landmass of 20.5 square miles. I would argue that it is one of the most beautiful places on Earth. And the most remote.
Its capital city, Hamilton, is also a Bermuda City and has a current population of about 1,000 people.
If you are looking to rent an apartment in the city, you need to be ready to spend at least $2,675 a month, or $212 a night in an Airbnb.
If you are a drinker, then be prepared to pay at least $10 each for a glass of beer, and $20 to $30 per person for dinner.
Bermuda is the wealthiest place to live in the world.
And here’s some more information on the 10 most expensive countries to live in worldwide.
The US is the top most expensive country for a simple reason, the cost of living in the United States is relatively higher than the rest of the world.
Living in those countries might make you think twice about drinking alcohol. The thought of drinking may make you tighten your wallet.
In other words if you’re on a student budget, you should choose the cheapest route that’s going to work for you.
When you do move to or visit one of these countries, you’re still going to have to follow certain guidelines.
If you’re in the United Kingdom you can expect to pay an average of £2,200 ($3,100) a month to live in an average home,
while an average home in the USA will cost you £2,200,000 ($2,900,000).
That’s an expensive country!
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