Read this list article if you’ve ever dreamed about going overseas and establishing a fresh life in a different nation. Some of these lesser-known countries may surprise you with their high prices. We built this ranking on a single person’s housing and living expenditures in each country’s major city, as well as population. This post shows you the 6 (six) most expensive countries to live in the world.
6 Most Expensive Countries to Live in the World
Find the the 6 (six) most expensive countries to live in the world below:
1. Bermuda – $5,011
Bermuda is the most expensive location to live in the world, with housing and lifestyle costs totaling over $5,000 per month. Bermuda is a British overseas colony in the North Atlantic, like the Cayman Islands.
On a size of 20.5 square miles, Bermuda’s population is estimated to be approximately 65,000 people. With a population of barely more than 1,000 people, Bermuda’s capital, Hamilton, is also the island’s sole incorporated city. Read also Countries That Grant Citizenship Through Military Service
When it comes to finding a place to stay in the city, you’ll need a lot of cash, since a one-bedroom studio apartment costs over $2,675 per month on Airbnb, or $212 each night. Be prepared to part with some cash if you want to drink: a glass of beer will cost you back at least $10, and supper will set you back between $20 and $30 per person.
2. Cayman Islands – $3,387
After Bermuda, the Cayman Islands are the world’s second most populated British overseas territory. With a population of about 63,000 inhabitants, it is located near the westernmost tip of the Caribbean Sea.
Grand Cayman, Little Cayman, and Cayman Brac are among the islands that make up the Cayman Islands. With approximately 100,000 businesses thought to be registered in the Cayman Islands, the Cayman Islands are well-known for housing offshore corporations.
A one-bedroom studio apartment in George Town, the Cayman Islands’ capital, costs around $1,924 per month or $83 per night on Airbnb if you wish to do business there.
You might spend a lot of money on food and booze on the island. A typical restaurant dinner will cost you at least $20-$30, with beer costing approximately $8.00 and coffee costing around $7 per cup.
3. Switzerland – $3,162
Switzerland is the third most expensive nation in the world to live in. With approximately 8.6 million inhabitants residing across 41,285 square kilometres, Switzerland is the world’s 95th most populous country. In terms of total landmass, it is also the 135th biggest nation.
Bern, Switzerland’s capital, and Zurich, the country’s largest metropolis, are both wonderful locations to live. Bern has a population of approximately 133,000 people, and a month’s stay for one person in Bern costs around $1,366, or $86 per night on Airbnb. A dinner will cost between $15 and $20, plus $6 for a drink and $5 for a cup of coffee. Checkout 5 Cheap Countries to Live and Work 2021
4. Denmark – $3,312
Denmark, in Northern Europe’s southernmost Nordic country, is the world’s fourth most expensive country to live in. Denmark is surrounded by Germany, Sweden, and Norway and has a population of 5.7 million people.
With a population of 1.2 million people and a metropolitan population of 1.99 million, Copenhagen is the capital of the Scandinavian countries. Copenhagen is regarded as one of the world’s most beautiful cities, but it is also one of the most expensive to live in.
On Airbnb, a one-bedroom studio apartment costs $1,917 per month or $96 per night. Dining out will cost around $18 per person, with drinks and coffee costing around $5.50-$6.50.
5. Iceland (5th) – $2,802
Iceland is sited in the middle of the North and Atlantic Oceans and has a total surface area of 103,001 square kilometres. The population of Iceland, with 339,949 people, is modest in comparison to the other nations on our list, since the country’s harsh natural terrain makes living difficult for many. As a result, with only 3 people per square kilometre, Iceland has the lowest population density in Europe.
A one-bedroom studio apartment in Reykjavik’s capital city costs $1236 a month, or $128 per night on Airbnb. A normal supper would put you back around $12, a $8 beer will price you back $8, and a cup of coffee will set you back $2.15.
6. Luxembourg – $2,751 budget.
Luxembourg is one of the world’s smallest sovereign states, so you won’t have much wiggle room when it comes to monthly expenditures. It has a small population compared to the other nations on the list, but it has 207 persons per square kilometre, making it the 67th most densely populated country on the planet.
A one-bedroom studio apartment in Luxembourg City can set you back around $1,322 per month, or $80 per night on Airbnb. Luxembourg looks to be somewhat more costly than the Bahamas when it comes to luxuries like beer and coffee, with one beer costing approximately $9 and a cup of coffee costing around $6.