Cost of Living by Country
The cost of living is one of the critical factors to consider when deciding where to relocate. Expenses typically factored into cost-of-living calculations include basic necessities such as housing, utilities, food, transportation, health care, and clothing. Depending on your family composition and lifestyle, it may also include expenses like childcare, education, entertainment, etc.
Moving to a country with a lower cost of living can be a great way to save money, especially if you can work remotely. However, it's important to note that countries with lower living costs generally offer lower salaries.
The world's most expensive countries to live in (monthly cost of living)
- Monaco ($3,743)
- Cayman Islands ($2,844)
- Switzerland ($2,497)
- Ireland ($2,316)
- Liechtenstein ($2,306)
Countries with the highest rents (median rent for a 1-bedroom city center apartment)
- Singapore ($2,696)
- Hong Kong, China ($2,374)
- Switzerland ($1,923)
- United States ($1,801)
- Luxembourg ($1,799)
Countries offering a compelling mix of affordability and high quality of life
- Portugal
- Mexico
- Malaysia
- Thailand
- Vietnam