The 10 Most Expensive Countries to Live in Worldwide (2022)

Which are the most expensive countries to live in worldwide? Hold tight, as you’re about to find out.

If you’ve dreamed about moving abroad and starting life afresh in a new country, then read through this list before you do, as you might be shocked to find out just how expensive some of these lesser-known countries are.

We’ve put together this list based on accommodation and living expenses for a single person living in the capital city of each country, and according to population.

Here’s a list of the 10 most expensive countries to live in worldwide…

Table of Contents

The 10 Most Expensive Countries to Live in Worldwide

The list of countries and figures mentioned below have been compiled from various sources around the web, such as World Population Review & Nomad List.

These are the 10 most expensive countries to live in worldwide:

10. Barbados – $2,061

The 10 Most Expensive Countries to Live in Worldwide (1)

Kicking off our list of the 10 most expensive countries to live in worldwide, is Barbados.

Barbados is a sovereign island nation in the Lesser Antilles of the West Indies, which is the Caribbean region of North America.

It covers approximately 349km² and is 23 kilometres wide and 34 kilometres long, with a total population of 285,719 people.

Barbados is the fourth-most densely populated country in the Americas and, it’s capital city, Bridgetown, has approximately 110,000 people living in it.

To rent a one-bedroom studio apartment in Bridgetown, you’re looking at spending around $500 a month, or $100 a night in an Airbnb.

A basic meal out will cost you no less than $13. A beer is around $6.50 and coffee is approximately $5.00 depending on where you go.

9. Japan – $2,612

The 10 Most Expensive Countries to Live in Worldwide (2)

(Video) 10 Most Expensive Countries to Live in the World 2022

The ninth most expensive country to live in worldwide is Japan.

Japan is an archipelago island nation in South-East Asia, made up of 6,852 islands, with a current total population of 126.8 million people.

Of the 6,582 islands, the four largest islands account for the majority of inhabitants, as roughly 97% Japans population live on the four islands.

Japan has many major cities, like Osaka, Yokohoma, Nagoya and Sapporo, which are all populated by more than 2 million people.

However, Tokyo, Japans Capital City and the largest city in Japan, has an approximate population of 37 million people.

To rent a one-bedroom studio apartment in Tokyo, you’re looking at spending in the region of $1,370 a month, or $111 a night in an Airbnb.

Eating out varies in price, but as an average for one person, you should be looking at spending around $15.00 for a basic meal and around $6.00 for a beer.

Coffee is also pretty reasonable, considering how expensive Tokyo is, at $2.81 a cup.

8. Norway – $2,659

The 10 Most Expensive Countries to Live in Worldwide (3)

Located in Northern Europe, Norway is a Scandinavian country with a total population of 5.3 million people.

Norway shares its borders with Sweden, Russia and Finland, and has a total landmass of 385,203 km².

It’s only the 171st most densely populated country on earth, with roughly 14 people for every square kilometre.

Rent is expensive in Norway’s capital, so renting a one-bedroom studio apartment in Oslo, will set you back around $1,193 a month, or $85 a night in an Airbnb.

You won’t have much change left from $15 when buying a meal out, and a beer will set you back around $9.11.

7. The Bahamas – $2,704

The 10 Most Expensive Countries to Live in Worldwide (4)

The next most expensive country in the world to live in is The Bahamas.

Made up of over 700 islands, the Bahamas has an approximate population of 389,482 million people living across its 13,943km² landmass.

(Video) Top 10 Most Expensive Countries to Live in Worldwide

The largest city in the Bahamas is Nassau, with a total population of 255,000.

If you’re thinking about visiting the Bahamas, then you should budget approximately $950 a month for a one-bedroom studio apartment in the city, or $149 a night for an Airbnb.

You’ll need to take at least $50-$100 with you when you go out for a meal and some drinks, as a basic meal costs around $15-$20 and a beer will cost you around $2.50.

Coffee is a little on the expensive side, at around $5 each.

6. Luxembourg – $2,751

The 10 Most Expensive Countries to Live in Worldwide (5)

One of the smallest countries on our list, Luxembourg, is also one of the smallest sovereign nations on the planet, and it won’t leave you with a lot of wiggle room when it comes to your monthly expenses.

Luxembourg is a landlocked country, located in western Europe, and has an estimated population of 620,319 people.

Its population is small compared to other countries on the list, however, it has roughly 207 people per square kilometre, making it the 67th most densely populated country on earth.

When you arrive in Luxembourg City, you can expect to pay around $1,322 per month for a one-bedroom studio apartment, or $80 a night in an Airbnb.

Luxembourg seems like it’s slightly more expensive than the Bahamas when it comes to luxuries like beer and coffee, as one beer will cost you around $9 and coffee will set you back $6.

Eating a basic meal out will cost between $17-$25 for one person depending on what you order.

5. Iceland – $2,802

The 10 Most Expensive Countries to Live in Worldwide (6)

Coming in at number five on our list of the most expensive countries in the world is Iceland.

Iceland is located between the North and Atlantic Oceans and has a total surface area of 103,001 square kilometres.

However, Iceland’s population of 339,949 people, remains relatively low in comparison to others on our list as its harsh geographical landscape proves difficult to live in for many, at times.

As a result, Iceland has the lowest population density of any European country, at just 3 people per kilometre.

Staying in Iceland will cost you approximately $1,236 a month for a one-bedroom studio apartment in the capital city of Reykjavik, or $128 a night in an Airbnb.

(Video) Top 10 Worlds Most Expensive Countries To Live 2022

Whilst you’re there, eating out will cost you around $12 for a basic meal, $8 for a beer and $2.15 for a cup of coffee.

4. Denmark – $3,312

The 10 Most Expensive Countries to Live in Worldwide (7)

The southernmost Nordic country in Northern Europe, Denmark, is the fourth most expensive country to live in worldwide.

Denmark, bordered by Germany, Sweden and Norway has a total current population of 5.7 million people.

The Scandinavian countries capital city is Copenhagen, which has an urban population of 1.2 million people, and a metropolitan population of 1.99 million.

Known as one of the happiest places to live on earth, Copenhagen is also a very expensive city to live in.

For a one-bedroom studio apartment, you’re looking at $1,917 a month, or $96 a night in an Airbnb.

Eating out will cost you approximately $18 per person and beers and coffee are anyway between $5.50-$6.50 a pop!

3. Switzerland – $3,162

The 10 Most Expensive Countries to Live in Worldwide (8)

Switzerland is the third most expensive country to live in worldwide.

With more than 8.6 million people living across, 41,285 square kilometres, Switzerland is the 95th most populated country in the world, and the 135th largest country in terms of the total landmass.

Switzerland has a number of beautiful cities to live in, like it’s capital, Bern, and it’s the largest city, Zurich.

Bern has approximately 133,000 people living there and accommodation for a month in Bern, for one person, will cost in the region of $1,366, or $86 a night in an Airbnb.

A meal out will cost you approximately $15-$20, with an additional beer costing around $6.00 and coffee costing around $5.00 a cup.

2. Cayman Islands – $3,387

The 10 Most Expensive Countries to Live in Worldwide (9)

The Cayman Islands is the second most populated British overseas territory in the world, just behind Bermuda.

It is located in the western end of the Caribbean sea and has a total current population of approximately 63,000 people.

(Video) The 10 Most Expensive Countries to Live in Worldwide

It’s made up of a number of islands like Grand Cayman, Little Cayman and Cayman Brac.

The Cayman Islands are well known for housing offshore companies, and it’s believed that there are over 100,000 companies registered in the Cayman Islands.

If you’re considering doing business in George Town, the capital city of the Cayman Islands, then a one-bedroom studio apartment will cost you around $1,924 a month or $83 a night in an Airbnb.

Food and drink on the island are where you might spend a lot of your money.

A basic meal out will cost you at least $20-$30, with beer costing around $8.00 and coffee costing around $7 a cup.

1. Bermuda – $5,011

The 10 Most Expensive Countries to Live in Worldwide (10)

At over $5,000 a month for accommodation and living expenses, Bermuda is the most expensive place to live in worldwide.

Similar to the Cayman Islands, Bermuda is another British territory located in the North Atlantic.

Bermuda has a total population of approximately 65,000 people living across a total landmass of 20.5 square miles.

Its capital city, Hamilton, is also Bermudas only incorporated city and has a current population of just over 1,000 people.

When looking for accommodation in the city, you’re going to need some deep pockets, as a one-bedroom studio apartment will cost you around $2,675 a month, or $212 a night in an Airbnb.

If you’re a drinker, then get prepared to spend some cash, as one glass of beer will cost you a minimum of $10, and dinner will be around $20-$30 per person.

Bermuda is the most expensive country to live in worldwide.

Summary

We hope you enjoyed our list of the 10 most expensive countries to live in worldwide.

Well, there you have it, those were some super expensive countries to live in.

Living in those countries might make you think twice about drinking alcohol, on a regular occasion, and make you sharpen the purse strings a bit more.

However, it’s all relative and depends on your disposable income and expenses.

(Video) Top 10 Most Expensive Countries to Live in the World 2023

So, if you’re still planning on moving to, or even visiting one of these countries long term, then at least you know what to expect.

Here’s a quick recap of the 10 most expensive countries to live in worldwide:

  1. Bermuda – $5,011
  2. Cayman Islands – $3,387
  3. Switzerland – $3,162
  4. Denmark – $3,312
  5. Iceland – $2,802
  6. Luxembourg – $2,751
  7. The Bahamas – $2,704
  8. Japan – $2,612
  9. Norway – $2,291
  10. Barbados – $2,061

What’s your favourite most expensive country? Leave a comment below.

FAQs

Which is the most expensive country to live in the world? ›

According to the report, Bermuda is the world's most expensive place to live. Switzerland ranks second on the list, followed by Norway, Iceland, and Barbados.

What is the most expensive country in the world 2022? ›

According to the report, Bermuda is the most expensive country in the world. Switzerland ranks second on the list, followed by the Bahamas, Barbados and Iceland to round out the top five. Australia ranks at a merciful number 12, with an index of 77.75.

What is the 10 most expensive city in the world? ›

Here are the 10 most expensive cities, according to the EIU:
CITYCOUNTRYEXPENSE RANK
ZurichSwitzerland1 (tie)
ParisFrance1 (tie)
Hong KongHong Kong*1 (tie)
SingaporeSingapore4
6 more rows

Where is the most expensive place to live 2022? ›

New York City, NY.

Where is the best country to live? ›

  • Sweden. #1 in Quality of Life. #5 in Best Countries Overall. ...
  • Denmark. #2 in Quality of Life. #10 in Best Countries Overall. ...
  • Canada. #3 in Quality of Life. ...
  • Switzerland. #4 in Quality of Life. ...
  • Norway. #5 in Quality of Life. ...
  • Finland. #6 in Quality of Life. ...
  • Germany. #7 in Quality of Life. ...
  • Netherlands. #8 in Quality of Life.

Which country has most expensive houses? ›

1. Buckingham Palace, United Kingdom
Estimated value:$6.7 billion
Location:London, UK
Owner:Queen of England
11 Oct 2022

Which is cheapest country in the world? ›

Top 10 Cheapest Countries to Live In (Global average = 100) - Global Economy
  • Sudan - 38.29.
  • Kyrgyzstan - 40.38.
  • Azerbaijan - 40.56.
  • Burma - 41.08.
  • Sierra Leone - 41.32.
  • Nepal - 41.85.
  • India - 42.86.
  • Tajikistan - 43.51.

Which country has the most expensive food? ›

The most expensive country is Switzerland.

What is the most beautiful country in the world? ›

  • New Zealand. #1 in Scenic. #11 in Best Countries Overall. ...
  • Greece. #2 in Scenic. #25 in Best Countries Overall. ...
  • Italy. #3 in Scenic. #14 in Best Countries Overall. ...
  • Switzerland. #4 in Scenic. #1 in Best Countries Overall. ...
  • Spain. #5 in Scenic. #16 in Best Countries Overall. ...
  • Norway. #6 in Scenic. ...
  • Australia. #7 in Scenic. ...
  • Ireland. #8 in Scenic.

Which country is expensive to travel? ›

Switzerland. One of the most expensive European nations, Switzerland is the land of Richie Richs and tops the list! A country so stunning and naturally beautiful, Switzerland is all about luxury resorts, high-cost transport and food.

Is Dubai an expensive city? ›

Dubai is the most expensive city in the Gulf for expatriates in 2022 – Mercer survey. Dubai has been ranked among the world's most expensive cities to live and work in for expatriates this year, according to the Cost of Living survey by Mercer.

What is the most expensive city in the world 2022? ›

Yet again, Hong Kong has remained in the number one position for reasons such as a stronger currency and higher prices. This marks the SARs third consecutive year as the most expensive place to live in the world.

What is the most expensive food in the world? ›

Beluga caviar

Siberian sturgeon caviar is one of the most expensive foods on the planet, prized for its salty, earthy taste. Iranian Beluga caviar is officially the world's most expensive – a kilo will set you back 20,000 pounds.

What is the most expensive country to live in Europe 2022? ›

Most Expensive Countries to Live in 2022
CountryCost of Living (Monthly US$) - LivingCostCost of Living w Rent (NYC=100) - Numbeo
Iceland$2,20775.12
Singapore$2,16974.46
Luxembourg$2,16375.53
Norway$2,07472.72
155 more rows

Which country is cheapest in Europe? ›

Cheapest European countries for expats
  • Portugal. This country is famous for good food, beautiful beaches, a relaxed lifestyle, and affordable living. ...
  • Slovenia. This Central European country became an independent country in 1999. ...
  • Spain. ...
  • Croatia. ...
  • Bulgaria. ...
  • Italy.

Which country has the highest cost of living in Europe? ›

Europe: Cost of Living Index by Country 2018
RankCountryCost of Living Index
1Switzerland131.39
2Iceland123.96
3Norway113.70
4Luxembourg96.56
36 more rows

Which city is most expensive in the world? ›

Shanghai, named the world's most expensive city in the world by Forbes in 2021, is an energizing city booming with business and billionaires.

Where is the cheapest place to live? ›

Here are the top 10 cheapest places to live; you can access the full list here.
  • Fort Wayne, Indiana.
  • Wichita Falls, Texas.
  • Brownsville, Texas.
  • South Bend, Indiana.
  • Dayton, Ohio.
  • Toledo, Ohio.
  • Evansville, Indiana.
  • Buffalo, New York.
28 Jul 2022

Is Dubai expensive to live? ›

In terms of costs like food, entertainment and activities, Dubai is reasonably expensive (but proportionally lower than rental costs).

Which is the cheapest country to live in? ›

10 Cheapest Countries in the World to Live In
  • Vietnam.
  • South Africa.
  • Ecuador.
  • Costa Rica.
  • Malaysia.
  • Mexico.
  • Indonesia.
  • Bulgaria.

Which is cheapest country in the world? ›

Top 10 Cheapest Countries to Live In (Global average = 100) - Global Economy
  • Sudan - 38.29.
  • Kyrgyzstan - 40.38.
  • Azerbaijan - 40.56.
  • Burma - 41.08.
  • Sierra Leone - 41.32.
  • Nepal - 41.85.
  • India - 42.86.
  • Tajikistan - 43.51.

Which European country has the highest cost of living? ›

Europe: Cost of Living Index by Country 2018
RankCountryCost of Living Index
1Switzerland131.39
2Iceland123.96
3Norway113.70
4Luxembourg96.56
36 more rows

What is the most expensive city to live in 2022? ›

Hong Kong tops Mercer's 2022 Cost of Living City Ranking, based on our latest research, followed by Zurich and Geneva, while Ankara closes the ranking at the 227th spot.

What is the easiest country to move to? ›

7 Easiest Countries to Move to for Immigrants and Expats
  1. Canada. If you have your heart set on living in North America but don't qualify for any visas in the United States, their neighbor to the North might be a good choice for you. ...
  2. France. ...
  3. The Caribbean. ...
  4. Spain. ...
  5. Mexico. ...
  6. Croatia. ...
  7. Indonesia.
21 Apr 2022

What is the best place to live in the world? ›

Vienna, Austria, ranked first as the best place to live in the world.

Which country is good for living? ›

Tourist attraction and infrastructure are also assessed. Switzerland, Canada and Japan were recognized as the best in quality of life in 2020. Ten European countries are in the top twenty: Germany, Great Britain, Sweden, the Netherlands, Norway, France, Denmark, Finland, Italy, Austria and Spain.

Which country is best value for money? ›

Exchange rates are set by a variety of factors, including the amount of money in circulation.
  1. Euro: 1 EUR = 1.07 USD. ...
  2. Cayman Islands Dollar: 1 KYD = 1.21 USD. ...
  3. British Pound: 1 GBP = 1.25 USD. ...
  4. Jordanian Dinar: 1 JOD = 1.41 USD. ...
  5. Omani Rial: 1 OMR = 2.60 USD. ...
  6. Bahraini Dinar: 1 BHD = 2.65 USD. ...
  7. Kuwaiti Dinar: 1 KWD = 3.26 USD.

What countries can you move to without a visa? ›

  • Svalbard. Transferring to Svalbard from the US is relatively easy because you don't need a visa to enter, work, or live on the archipelago. ...
  • Mexico. Mexico seems to be the top destination for US citizens to start their new life. ...
  • Portugal. ...
  • Ecuador. ...
  • Malta. ...
  • Spain. ...
  • South Korea. ...
  • Australia.

What country has the cheapest rent? ›

Data drawn from an analysis of over 500,000 property listings reveals that Madagascar has the world's cheapest apartment rental.
...
Top 10 cheapest places to rent around the world.
CountryMinimum Rent (Local Currency)Minimum Rent (US Dollars)
Madagascar1500 AR0.60
Jordan5 JOD7.06*
8 more rows

Which country is cheapest in Europe? ›

Cheapest European countries for expats
  • Portugal. This country is famous for good food, beautiful beaches, a relaxed lifestyle, and affordable living. ...
  • Slovenia. This Central European country became an independent country in 1999. ...
  • Spain. ...
  • Croatia. ...
  • Bulgaria. ...
  • Italy.

Which country in Europe has highest job opportunities? ›

The Netherlands had the highest employment rate among European Union countries in 2022, at 81.8 percent, followed by Sweden, which had an employment rate of 77.6 percent.
...
Employment rate in the European Union in 2022, by country.
CharacteristicEmployment rate
Denmark77%
Malta76.1%
Estonia76%
Finland75.4%
9 more rows
27 Sept 2022

Is Dubai expensive to live? ›

In terms of costs like food, entertainment and activities, Dubai is reasonably expensive (but proportionally lower than rental costs).

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