THE MOST EXPENSIVE COUNTRIES IN THE WORLD

The choice of country for temporary or permanent residence, if it is not about forced immigration, depends largely on the financial capacity of the person. In addition, people want to find the safest state with a high quality of life, developed economy, comfortable climate, good infrastructure, level of medicine and other parameters that ensure decent living conditions.

All of the above criteria usually correspond to the richest countries in Europe, where life is incredibly expensive. First of all, this applies to the prices of real estate, food, utilities, transportation costs and some other basic costs. One of the most authoritative portals, which compares the current prices in 138 countries of the planet is considered Numbeo. Based on current data, we highlight the most expensive countries to live in the world in 2021.

Note. Do not take into account the city-states (Singapore), dwarf countries and islands, in particular Bermuda and the Bahamas.

LIST OF TOP 10 MOST EXPENSIVE COUNTRIES IN THE WORLD

COUNTRY
1. Switzerland
2. Norway
3. Iceland
4. Denmark
5. Luxembourg
6. Japan
7. Israel
8. Singapore
9. Australia
10. Ireland

RANKING OF THE MOST EXPENSIVE COUNTRIES IN THE WORLD

SWITZERLAND

Switzerland

The most expensive country in the world in 2021 is Switzerland. Especially if you consider cities such as Geneva and Zurich, where the cost of living is 35-45% higher than in Paris. The average price per square meter of Swiss real estate is 11.5 thousand euros, and to rent a small apartment costs at least 1.5-2 thousand per month. Despite the fact that life in Switzerland is very expensive, about 25% of the local population (2.1 million) are foreigners with permanent residence permits.

NORWAY

Norway

Norway with enviable regularity enters the various international rankings, usually on the positive side. For example, according to the official UN report - World Happiness Report, it ranks fifth in the list of the happiest countries in the world. And a few years ago, the country was in first place. Thus, we can conclude that the high cost of living in Norway has no negative impact on the psychological state of Norwegian citizens.

ICELAND

Iceland

Iceland is a remarkably beautiful island state with a population of just over 342 thousand people, which according to the annual report of the "Global Peace Index" is the safest country on the planet. And for the last 14 years in a row. Doing business or working in Iceland is very comfortable, but the cost of living is very high. For example, to rent a room in the city center costs about 1.4 thousand euros per month, while the average salary (net) is 2.5 thousand euros.

DENMARK

Denmark

Denmark is a safe country with a stable political system, high social standards and a developed economy. Working in Denmark provides an average salary of more than 5 thousand euros per month before taxes. According to such reputable publications as the Intelligence Unit, Mercer and Monocle, the capital of this state Copenhagen is one of the five best cities to live in the world. Rental prices for apartments in central areas of about 900-1,000 euros per month.

LUXEMBOURG

Luxembourg

Luxembourg is in the bottom of the world's top five most expensive countries. In terms of GDP per capita in the ranking of the richest countries in the world, the Duchy ranks first. The population of this small European state is about 631.8 thousand people. Here is established the highest rate of minimum wage in the European Union - 2,201.93 euros per month, and on average work in Luxembourg brings a little more than 3,000 euros of net income. In the city center, the price per square meter of real estate is about 8,000 euros.

In conclusion, we note that the lowest cost of living is recorded in Pakistan, Libya and Kyrgyzstan. In addition, the cheapest countries include India, Georgia and Algeria. Of course, if we do not take into account the poorest states of the planet, located mainly in Africa, where living is not only very cheap, but also dangerous. By the way, the most expensive cities in the world are Singapore, Paris, Hong Kong, Zurich and Geneva.

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