Most Expensive Countries To Live In 2024

1.	Monaco	$3,743
2.	Cayman Islands	$2,844
3.	Switzerland	$2,497
4.	Ireland	$2,316
5.	Liechtenstein	$2,306
6.	Iceland	$2,207
7.	Singapore	$2,169
8.	Luxembourg	$2,163
9.	Norway	$2,074
10.	United States	$1,951
11.	Australia	$1,944
12.	United Kingdom	$1,929
13.	Qatar	$1,856
14.	Denmark	$1,837
15.	Vanuatu	$1,829
16.	New Zealand	$1,782
17.	Netherlands	$1,778
18.	Israel	$1,774
19.	Seychelles	$1,725
20.	Bahamas	$1,715
21.	Canada	$1,701
22.	Austria	$1,617
23.	United Arab Emirates	$1,576
24.	North Korea	$1,540
25.	Finland	$1,536
26.	France	$1,519
27.	Malta	$1,519
28.	Sweden	$1,515
29.	Belgium	$1,495
30.	Antigua and Barbuda	$1,465
31.	Marshall Islands	$1,464
32.	Germany	$1,414
33.	Lebanon	$1,411
34.	Japan	$1,370
35.	Italy	$1,359
36.	Kuwait	$1,326
37.	Maldives	$1,288
38.	Cyprus	$1,266
39.	Spain	$1,260
40.	Barbados	$1,258
41.	Andorra	$1,232
42.	Solomon Islands	$1,222
43.	Curacao	$1,222
44.	Equatorial Guinea	$1,185
45.	Slovenia	$1,175
46.	San Marino	$1,168
47.	Bahrain	$1,165
48.	South Korea	$1,154
49.	Saint Lucia	$1,153
50.	Brunei	$1,152
51.	Saint Kitts and Nevis	$1,145
52.	Senegal	$1,144
53.	Turkmenistan	$1,141
54.	Grenada	$1,128
55.	Samoa	$1,109
56.	Panama	$1,092
57.	Oman	$1,086
58.	Taiwan	$1,057
59.	Estonia	$1,040
60.	Palau	$1,040
61.	Portugal	$1,038
62.	Tonga	$1,035
63.	Czech Republic	$1,014
64.	Ivory Coast	$1,010
65.	Greece	$1,008
66.	Mozambique	$1,006
67.	Croatia	$1,001
68.	Slovakia	$990
69.	Trinidad and Tobago	$979
70.	South Africa	$974
71.	Saudi Arabia	$952
72.	Niger	$950
73.	Latvia	$938
74.	Palestine	$937
75.	Zimbabwe	$935
76.	Uruguay	$929
77.	Namibia	$921
78.	Nigeria	$916
79.	Chile	$905
80.	Angola	$896
81.	Belize	$889
82.	Laos	$888
83.	Poland	$882
84.	Cuba	$880
85.	Sao Tome and Principe	$880
86.	Guinea	$877
87.	Lithuania	$869
88.	Myanmar	$864
89.	Guatemala	$857
90.	Dominica	$856
91.	Costa Rica	$852
92.	Jordan	$850
93.	Thailand	$831
94.	Jamaica	$829
95.	Hungary	$817
96.	El Salvador	$816
97.	Somalia	$811
98.	Guyana	$803
99.	Burkina Faso	$799
100.	Cape Verde	$797
101.	Mauritania	$781
102.	Fiji	$773
103.	Honduras	$765
104.	Tanzania	$760
105.	Ecuador	$756
106.	China	$752
107.	Bolivia	$750
108.	DR Congo	$748
109.	Sierra Leone	$745
110.	Benin	$731
111.	Montenegro	$720
112.	Suriname	$714
113.	Guinea Bissau	$712
114.	Dominican Republic	$711
115.	Serbia	$711
116.	Eswatini	$711
117.	Iraq	$710
118.	Ghana	$701
119.	Lesotho	$694
120.	Cambodia	$692
121.	Cameroon	$688
122.	Mexico	$678
123.	Zambia	$676
124.	Togo	$669
125.	Iran	$668
126.	Malawi	$666
127.	Botswana	$666
128.	Venezuela	$657
129.	Russia	$656
130.	Kenya	$654
131.	Bulgaria	$654
132.	Malaysia	$652
133.	Romania	$652
134.	Mauritius	$651
135.	Morocco	$644
136.	Vietnam	$639
137.	Rwanda	$633
138.	Nicaragua	$633
139.	Peru	$630
140.	Albania	$608
141.	Tuvalu	$608
142.	Uganda	$604
143.	Mongolia	$603
144.	Brazil	$601
145.	Philippines	$601
146.	Bosnia and Herzegovina	$599
147.	Armenia	$592
148.	Comoros	$589
149.	Gabon	$587
150.	Nauru	$584
151.	Ethiopia	$574
152.	Colombia	$574
153.	Bhutan	$569
154.	Mali	$560
155.	Burundi	$560
156.	Libya	$560
157.	Yemen	$559
158.	Madagascar	$555
159.	North Macedonia	$553
160.	Indonesia	$548
161.	Djibouti	$548
162.	Paraguay	$546
163.	Liberia	$544
164.	Ukraine	$542
165.	Chad	$540
166.	Central African Republic	$538
167.	Eritrea	$538
168.	Georgia	$538
169.	Moldova	$537
170.	Haiti	$531
171.	Papua New Guinea	$530
172.	Uzbekistan	$529
173.	Bangladesh	$521
174.	Gambia	$520
175.	South Sudan	$519
176.	Sudan	$517
177.	Azerbaijan	$513
178.	Kiribati	$511
179.	Belarus	$504
180.	Argentina	$494
181.	Kazakhstan	$468
182.	Tajikistan	$450
183.	Egypt	$449
184.	Turkey	$447
185.	Nepal	$439
186.	Syria	$435
187.	Algeria	$431
188.	Kyrgyzstan	$430
189.	Sri Lanka	$428
190.	Tunisia	$424
191.	India	$423
192.	Pakistan	$370
193.	Afghanistan	$354

Decoding the Cost of Living Worldwide

The essential aspect of choosing where to live or travel often revolves around the cost of living. This encompasses the prices for goods and services, housing, food, transportation, utilities, and other daily essentials that form our lifestyle. Highlighting the status of this factor globally can provide valuable insights, allowing individuals, families, and businesses to make informed decisions. Yearly, numerous global indices measure the cost of living across the world, offering a comparative analysis. These statistics remarkably indicate that some of the world's most expensive countries are not always the ones with the highest income, suggesting a compelling disconnect between the cost of living and wage growth. Key findings from the data include:

Monaco tops the list as the most expensive country to live in, with a monthly average cost of living of $3,743. It is followed by the Cayman Islands at $2,844 and Switzerland at $2,497, respectively.
The United States ranks tenth, with an average monthly cost of living at $1,951, even though it is one of the world's most economically developed nations.
The countries with the highest cost of living, such as Monaco, Cayman Islands, Ireland, Liechtenstein, and Iceland, often feature high per-capita incomes, robust economies, high standard of living, but also high consumer prices.
Interestingly, North Korea appears as the 24th most expensive country with a cost of living at $1,540 per month, offering a contrast to its prevalent socio-economic hardships.
Despite having a burgeoning economy, India stands towards the lower end of the spectrum, with a monthly cost of living at $423, making it one of the less expensive countries. These findings have profound implications for understanding financial decision-making, migration trends, and economic policies. Moreover, they help underline the importance of balancing economic growth with affordability to ensure a high standard of living.

10 Most Expensive Countries to Live In

Leading our list of the most expensive countries to live in is Monaco, which comes in with an astounding average cost of living of $3,743 per month. Known for its high-end lifestyle, luxury leisure activities and significant proportion of high-net-worth individuals, it comes as no surprise that Monaco tops the list. The Cayman Islands, a renowned offshore financial haven, holds the second spot with an average monthly cost of living of $2,844. This affluent Caribbean island nation attracts high-income earners due to its tax benefits, but at the cost of a high expense of living. Making its mark at third place is Switzerland, one of Europe's wealthiest nations. With an average monthly cost of $2,497, Swiss residents enjoy a high standard of living amidst breathtaking landscapes but at a steep price. Ireland, known for its strong economy and vibrant cities, comes in fourth with an average living cost of $2,316 per month. Situated at fifth place is Liechtenstein, a charming landlocked microstate in Central Europe with an average monthly living expense of $2,306. Iceland follows at sixth place with a cost of $2,207 per month, attributed to its high standards of healthcare, education and a well-functioning welfare system. The city-state of Singapore, famous for its impressive skyline and clean streets, incurs an average living cost of $2,169 per month and sits at seventh place. Luxembourg places eighth with an average cost of living of $2,163 per month, owing much to its affluent population and high GDP per capita. Following close behind is Norway, a country known for its comprehensive welfare system, occupying the ninth position with an average monthly cost of $2,074. Finally, completing our list is the United States. With a wide range of economic indicators contributing to its high cost of living, the USA sees a monthly average cost of $1,951.

10 Most Expensive Countries to Live In:

Monaco - $3,743
Cayman Islands - $2,844
Switzerland - $2,497
Ireland - $2,316
Liechtenstein - $2,306
Iceland - $2,207
Singapore - $2,169
Luxembourg - $2,163
Norway - $2,074
United States - $1,951

Central African Republic

Metric

Value

Rank

Cost Of Living (Most Expensive)

$538

#166

Chad

Metric

Value

Rank

Cost Of Living (Most Expensive)

$540

#165

Chile

Metric

Value

Rank

Cost Of Living (Most Expensive)

$905

#79

China

Metric

Value

Rank

Cost Of Living (Most Expensive)

$752

#106

Colombia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$574

#152

Comoros

Metric

Value

Rank

Cost Of Living (Most Expensive)

$589

#148

Costa Rica

Metric

Value

Rank

Cost Of Living (Most Expensive)

$852

#91

Croatia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,001

#67

Cuba

Metric

Value

Rank

Cost Of Living (Most Expensive)

$880

#84

Curacao

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,222

#43

Cyprus

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,266

#38

Czech Republic

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,014

#63

DR Congo

Metric

Value

Rank

Cost Of Living (Most Expensive)

$748

#108

Denmark

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,837

#14

Djibouti

Metric

Value

Rank

Cost Of Living (Most Expensive)

$548

#161

Dominica

Metric

Value

Rank

Cost Of Living (Most Expensive)

$856

#90

Dominican Republic

Metric

Value

Rank

Cost Of Living (Most Expensive)

$711

#114

Ecuador

Metric

Value

Rank

Cost Of Living (Most Expensive)

$756

#105

Egypt

Metric

Value

Rank

Cost Of Living (Most Expensive)

$449

#183

El Salvador

Metric

Value

Rank

Cost Of Living (Most Expensive)

$816

#96

Equatorial Guinea

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,185

#44

Eritrea

Metric

Value

Rank

Cost Of Living (Most Expensive)

$538

#167

Estonia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,040

#59

Eswatini

Metric

Value

Rank

Cost Of Living (Most Expensive)

$711

#116

Ethiopia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$574

#151

Fiji

Metric

Value

Rank

Cost Of Living (Most Expensive)

$773

#102

Finland

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,536

#25

France

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,519

#26

Gabon

Metric

Value

Rank

Cost Of Living (Most Expensive)

$587

#149

Gambia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$520

#174

Georgia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$538

#168

Germany

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,414

#32

Ghana

Metric

Value

Rank

Cost Of Living (Most Expensive)

$701

#118

Greece

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,008

#65

Grenada

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,128

#54

Guatemala

Metric

Value

Rank

Cost Of Living (Most Expensive)

$857

#89

Guinea

Metric

Value

Rank

Cost Of Living (Most Expensive)

$877

#86

Guinea Bissau

Metric

Value

Rank

Cost Of Living (Most Expensive)

$712

#113

Guyana

Metric

Value

Rank

Cost Of Living (Most Expensive)

$803

#98

Haiti

Metric

Value

Rank

Cost Of Living (Most Expensive)

$531

#170

Honduras

Metric

Value

Rank

Cost Of Living (Most Expensive)

$765

#103

Hungary

Metric

Value

Rank

Cost Of Living (Most Expensive)

$817

#95

Iceland

Metric

Value

Rank

Cost Of Living (Most Expensive)

$2,207

India

Metric

Value

Rank

Cost Of Living (Most Expensive)

$423

#191

Indonesia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$548

#160

Iran

Metric

Value

Rank

Cost Of Living (Most Expensive)

$668

#125

Iraq

Metric

Value

Rank

Cost Of Living (Most Expensive)

$710

#117

Ireland

Metric

Value

Rank

Cost Of Living (Most Expensive)

$2,316

Israel

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,774

#18

Italy

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,359

#35

Ivory Coast

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,010

#64

Jamaica

Metric

Value

Rank

Cost Of Living (Most Expensive)

$829

#94

Japan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,370

#34

Jordan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$850

#92

Kazakhstan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$468

#181

Kenya

Metric

Value

Rank

Cost Of Living (Most Expensive)

$654

#130

Kiribati

Metric

Value

Rank

Cost Of Living (Most Expensive)

$511

#178

Kuwait

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,326

#36

Kyrgyzstan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$430

#188

Laos

Metric

Value

Rank

Cost Of Living (Most Expensive)

$888

#82

Latvia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$938

#73

Lebanon

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,411

#33

Lesotho

Metric

Value

Rank

Cost Of Living (Most Expensive)

$694

#119

Liberia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$544

#163

Libya

Metric

Value

Rank

Cost Of Living (Most Expensive)

$560

#156

Liechtenstein

Metric

Value

Rank

Cost Of Living (Most Expensive)

$2,306

Lithuania

Metric

Value

Rank

Cost Of Living (Most Expensive)

$869

#87

Luxembourg

Metric

Value

Rank

Cost Of Living (Most Expensive)

$2,163

Madagascar

Metric

Value

Rank

Cost Of Living (Most Expensive)

$555

#158

Malawi

Metric

Value

Rank

Cost Of Living (Most Expensive)

$666

#126

Malaysia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$652

#132

Maldives

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,288

#37

Mali

Metric

Value

Rank

Cost Of Living (Most Expensive)

$560

#154

Malta

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,519

#27

Marshall Islands

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,464

#31

Mauritania

Metric

Value

Rank

Cost Of Living (Most Expensive)

$781

#101

Mauritius

Metric

Value

Rank

Cost Of Living (Most Expensive)

$651

#134

Mexico

Metric

Value

Rank

Cost Of Living (Most Expensive)

$678

#122

Moldova

Metric

Value

Rank

Cost Of Living (Most Expensive)

$537

#169

Monaco

Metric

Value

Rank

Cost Of Living (Most Expensive)

$3,743

Mongolia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$603

#143

Montenegro

Metric

Value

Rank

Cost Of Living (Most Expensive)

$720

#111

Morocco

Metric

Value

Rank

Cost Of Living (Most Expensive)

$644

#135

Mozambique

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,006

#66

Myanmar

Metric

Value

Rank

Cost Of Living (Most Expensive)

$864

#88

Namibia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$921

#77

Nauru

Metric

Value

Rank

Cost Of Living (Most Expensive)

$584

#150

Nepal

Metric

Value

Rank

Cost Of Living (Most Expensive)

$439

#185

Netherlands

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,778

#17

New Zealand

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,782

#16

Nicaragua

Metric

Value

Rank

Cost Of Living (Most Expensive)

$633

#138

Niger

Metric

Value

Rank

Cost Of Living (Most Expensive)

$950

#72

Nigeria

Metric

Value

Rank

Cost Of Living (Most Expensive)

$916

#78

North Korea

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,540

#24

North Macedonia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$553

#159

Norway

Metric

Value

Rank

Cost Of Living (Most Expensive)

$2,074

Oman

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,086

#57

Pakistan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$370

#192

Palau

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,040

#60

Palestine

Metric

Value

Rank

Cost Of Living (Most Expensive)

$937

#74

Panama

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,092

#56

Papua New Guinea

Metric

Value

Rank

Cost Of Living (Most Expensive)

$530

#171

Paraguay

Metric

Value

Rank

Cost Of Living (Most Expensive)

$546

#162

Peru

Metric

Value

Rank

Cost Of Living (Most Expensive)

$630

#139

Philippines

Metric

Value

Rank

Cost Of Living (Most Expensive)

$601

#145

Poland

Metric

Value

Rank

Cost Of Living (Most Expensive)

$882

#83

Portugal

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,038

#61

Qatar

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,856

#13

Romania

Metric

Value

Rank

Cost Of Living (Most Expensive)

$652

#133

Russia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$656

#129

Rwanda

Metric

Value

Rank

Cost Of Living (Most Expensive)

$633

#137

Saint Kitts and Nevis

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,145

#51

Saint Lucia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,153

#49

Samoa

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,109

#55

San Marino

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,168

#46

Sao Tome and Principe

Metric

Value

Rank

Cost Of Living (Most Expensive)

$880

#85

Saudi Arabia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$952

#71

Senegal

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,144

#52

Serbia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$711

#115

Seychelles

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,725

#19

Sierra Leone

Metric

Value

Rank

Cost Of Living (Most Expensive)

$745

#109

Singapore

Metric

Value

Rank

Cost Of Living (Most Expensive)

$2,169

Slovakia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$990

#68

Slovenia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,175

#45

Solomon Islands

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,222

#42

Somalia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$811

#97

South Africa

Metric

Value

Rank

Cost Of Living (Most Expensive)

$974

#70

South Korea

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,154

#48

South Sudan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$519

#175

Spain

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,260

#39

Sri Lanka

Metric

Value

Rank

Cost Of Living (Most Expensive)

$428

#189

Sudan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$517

#176

Suriname

Metric

Value

Rank

Cost Of Living (Most Expensive)

$714

#112

Sweden

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,515

#28

Switzerland

Metric

Value

Rank

Cost Of Living (Most Expensive)

$2,497

Syria

Metric

Value

Rank

Cost Of Living (Most Expensive)

$435

#186

Taiwan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,057

#58

Tajikistan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$450

#182

Tanzania

Metric

Value

Rank

Cost Of Living (Most Expensive)

$760

#104

Thailand

Metric

Value

Rank

Cost Of Living (Most Expensive)

$831

#93

Togo

Metric

Value

Rank

Cost Of Living (Most Expensive)

$669

#124

Tonga

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,035

#62

Trinidad and Tobago

Metric

Value

Rank

Cost Of Living (Most Expensive)

$979

#69

Tunisia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$424

#190

Turkey

Metric

Value

Rank

Cost Of Living (Most Expensive)

$447

#184

Turkmenistan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,141

#53

Tuvalu

Metric

Value

Rank

Cost Of Living (Most Expensive)

$608

#141

Uganda

Metric

Value

Rank

Cost Of Living (Most Expensive)

$604

#142

Ukraine

Metric

Value

Rank

Cost Of Living (Most Expensive)

$542

#164

United Arab Emirates

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,576

#23

United Kingdom

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,929

#12

United States

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,951

#10

Uruguay

Metric

Value

Rank

Cost Of Living (Most Expensive)

$929

#76

Uzbekistan

Metric

Value

Rank

Cost Of Living (Most Expensive)

$529

#172

Vanuatu

Metric

Value

Rank

Cost Of Living (Most Expensive)

$1,829

#15

Venezuela

Metric

Value

Rank

Cost Of Living (Most Expensive)

$657

#128

Vietnam

Metric

Value

Rank

Cost Of Living (Most Expensive)

$639

#136

Yemen

Metric

Value

Rank

Cost Of Living (Most Expensive)

$559

#157

Zambia

Metric

Value

Rank

Cost Of Living (Most Expensive)

$676

#123

Zimbabwe

Metric

Value

Rank

Cost Of Living (Most Expensive)

$935

#75

Additional Price Datasets