Most Expensive Countries In The World To Live In, 2019 | CEOWORLD magazine

Switzerland is officially the most expensive nation on earth to live in, according to a report from the CEOWORLD magazine. European countries were prominent on the most expensive list, of the top-twenty nations, twelve were in Europe, four in Asia, one in North America, one in the Caribbean, and two in Oceania.

Iceland ranks second in the list of the world’s most expensive countries to live, followed by Norway, Bahamas, Luxembourg, Japan,
Denmark, Hong Kong, South Korea, Ireland.

On the other side of the spectrum, the Islamic Republic of Pakistan is the world’s most affordable country to live in, followed by Tunisia, India, Venezuela, Egypt, Uzbekistan, and Ukraine.

Should none of those appeals, a little further down the list you’ll find Mexico (97th), Argentina (96th), the Philippines (91st), Russia (88th), and Indonesia (84th).

To identify the world’s most and least expensive countries to live in, CEOWORLD magazine collected and reviewed data from dozens of studies; consumer price index; Numbeo Cost of Living Index; numerous national; and international media reports. CEOWORLD magazine based its assessment on a range of living costs, such as accommodation, clothing, taxi fares, utility, internet, the price of groceries, transport, and eating out. The rankings are based on five major metrics: cost of living, rent, groceries, eating out and purchasing power.

These data are then compiled into an index, using the notoriously expensive city of New York City (NYC) as a benchmark. New York was given an index score of 100.

So a country with a score higher than 100 is more expensive than New York, while below signals that it is cheaper. As a reference point, the average score for Germany was 67.62, making it the 23rd most expensive country in which to live.

Most Expensive Countries In The World To Live In, 2019

Rank Country Cost of Living Rent Cost of Living Plus Rent Groceries Eating out Purchasing Power
1 Switzerland 121.16 50.25 87.11 120.81 123.09 129.7
2 Iceland 101.86 48.28 76.13 92.1 111.85 91.8
3 Norway 100.99 37.28 70.4 92.67 111.53 103.61
4 Bahamas 92.4 33.49 64.11 76.97 99.92 57.01
5 Luxembourg 86.09 55.64 71.47 75.1 96.08 106.26
6 Japan 83.33 27.97 56.75 83.58 48.75 103.12
7 Denmark 81.38 32.91 58.11 63.62 95.14 114.39
8 Hong Kong 78.14 76.83 77.51 80.3 56.08 69.34
9 South Korea 76.93 22.23 50.66 89.7 44.84 103.4
10 Ireland 75.35 41.8 59.24 59.1 82.65 95.09
11 France 74.85 26.25 51.51 68.31 75.37 91.55
12 Netherlands 74.83 34.74 55.58 58.8 83.49 102.54
13 Israel 74.28 29.42 52.74 61.92 80.83 92.48
14 Belgium 72.97 25.81 50.32 60.86 83.4 95.09
15 Finland 72.82 26.14 50.4 60.02 77.91 112.3
16 New Zealand 72.62 31.64 52.94 65.71 68.78 101.09
17 Australia 72.08 35.5 54.52 66.9 70.69 122.85
18 Austria 71.79 27.63 50.58 65.63 70.08 96.7
19 Sweden 71.55 26.05 49.7 63.45 75.04 111.38
20 United States 69.91 38.98 55.06 67.44 69.33 122.03
21 Singapore 69.79 53.1 61.77 57.48 46.75 103.77
22 Italy 69.25 21.68 46.4 58.34 75.72 77.49
23 Germany 67.62 26.85 48.04 54.27 63.56 116.2
24 United Kingdom 65.28 28.6 47.66 51.85 72.37 105.73
25 Canada 65.01 28.32 47.39 62.37 61.81 109.44
26 Puerto Rico 63.84 17.96 41.81 61.66 54.82 98.39
27 Malta 63.32 28.68 46.69 51.23 67.28 59.67
28 Taiwan 59.84 23.37 42.33 69.61 26.88 56.36
29 Qatar 59.09 46.56 53.07 47.72 61.95 138.29
30 Jamaica 58.8 14.74 37.64 58.84 42.26 34.69
31 Lebanon 58.06 26.92 43.11 43.28 56.79 53.97
32 Uruguay 57.31 16.21 37.57 45.11 56.28 47.77
33 Bahrain 56.71 29.56 43.67 51.16 52.21 74.61
34 Greece 56.66 10.8 34.64 43.69 54.76 49.57
35 United Arab Emirates 56.16 40.98 48.87 43.16 53.88 119.6
36 Cyprus 55.57 20.23 38.6 44.32 59.76 75.29
37 Jordan 54.98 11.87 34.28 44.43 52.28 41.73
38 Spain 54.7 20.73 38.39 44.02 54.13 83.8
39 Slovenia 52.51 15.36 34.67 43.27 43.83 75.38
40 Mauritius 52.44 11.53 32.8 47.89 39.14 39.77
41 Myanmar 52.38 24.72 39.09 54.76 20.24 13.98
42 Trinidad And Tobago 52.07 17.13 35.29 50 46 56.97
43 Zimbabwe 51.57 11.67 32.41 45.74 36.81 27.65
44 Kuwait 51.48 32.94 42.58 39.88 47.35 102.01
45 Panama 51.45 24.63 38.57 48.21 47.06 41.34
46 Ghana 51.13 31.57 41.74 44.76 31.74 18.7
47 Estonia 51.01 15.38 33.9 37.06 51.24 75.97
48 Fiji 50.93 22.7 37.38 57.63 36.46 35.44
49 Costa Rica 50.89 15.48 33.89 47.91 42.58 47.13
50 Portugal 50.39 21.07 36.31 40.2 43.13 55.19
51 Palestinian Territory 50.2 9 30.41 43.9 37.33 57.17
52 Belize 49.45 8.81 29.93 42.86 36.66 70.85
53 Latvia 49.23 12.02 31.36 36.65 45.47 55.16
54 Croatia 49.18 11.6 31.13 40.33 40.36 60.33
55 Chile 47.73 15.22 32.12 40.55 45.15 54.13
56 Saudi Arabia 47.61 11.4 30.22 39.06 30.93 118.59
57 Thailand 47.54 17.71 33.21 50 24.63 40.86
58 Cambodia 46.8 14.44 31.26 44.15 24.44 12.46
59 Oman 46.2 19.89 33.57 40.02 44.41 88.47
60 El Salvador 46.11 14.19 30.78 45.57 35.55 30.09
61 Lithuania 45.91 12.9 30.06 35.36 43.95 60.34
62 Nicaragua 45.83 9.54 28.4 46.36 31.14 24.52
63 Czech Republic 45.12 18.27 32.23 38.08 33.25 71.32
64 Slovakia 44.98 16.13 31.13 38.5 33.64 63.24
65 Dominican Republic 44.92 10.21 28.25 35.68 42.43 26.02
66 Namibia 43.22 17.46 30.85 39.92 38.59 63.6
67 Brazil 42.8 11.46 27.75 31.3 34.85 37.43
68 South Africa 42.49 16.5 30.01 33.88 40.79 82.97
69 Honduras 42.1 10.76 27.05 33.57 31.52 35.22
70 Hungary 42.03 13.64 28.4 32.36 33.43 54.66
71 Ecuador 41.98 11.61 27.4 37.87 29.43 40.84
72 Guatemala 41.74 13.93 28.39 38.02 32.28 41.79
73 Cuba 40.5 8.11 24.95 34.3 28.29 2.47
74 Iraq 39.62 11.46 26.1 34.1 31.85 47.61
75 Montenegro 39.61 9.95 25.37 30.75 34.25 46.28
76 Malaysia 39.38 10.92 25.71 39.7 22.75 73.14
77 China 39.24 17.36 28.73 39.93 28.18 68.95
78 Poland 39.13 14.92 27.5 30.66 32.72 70
79 Kenya 38.21 10.05 24.69 33.23 31.22 32.46
80 Vietnam 37.7 13.1 25.88 37.87 18.89 33.33
81 Bulgaria 37.17 9.15 23.72 31.15 29.86 52.18
82 Peru 37.17 11.96 25.06 32.69 23.68 37.47
83 Romania 36.45 10 23.75 29.88 32.26 61.16
84 Indonesia 36.24 8.43 22.88 38.14 18.02 32.95
85 Albania 36.17 8.21 22.74 28.59 29.34 33.81
86 Iran 35.8 16.92 26.73 32.63 26.88 37.74
87 Bosnia And Herzegovina 35.72 6.32 21.6 28.81 23.78 49.18
88 Russia 35.52 12.68 24.55 29.18 37 45.38
89 Serbia 35.39 8.08 22.27 26.3 27.84 39.9
90 Turkey 35.21 7.23 21.78 30.45 23.65 45.33
91 Philippines 35.09 8.09 22.12 32.61 19.67 29.46
92 Tanzania 34.74 16.03 25.76 28.59 25.15 22.71
93 Bolivia 34.37 10.88 23.09 26.9 27.96 44.05
94 Morocco 33.98 9.48 22.21 29.85 23.85 41.4
95 Belarus 33.12 9.96 22 27.77 35.98 44.64
96 Argentina 33.09 9.48 21.75 26.25 32.5 55
97 Mexico 32.71 10.06 21.83 30.3 30.23 49.98
98 Armenia 32.51 9.9 21.65 25.77 32.53 33.06
99 Paraguay 32.27 9.38 21.28 26.03 25.75 35.57
100 Moldova 32.26 7.97 20.6 24.97 27.71 30.75
101 Bangladesh 31.83 5.44 19.16 29.52 18.97 39.82
102 Macedonia 31.58 6.47 19.52 24.85 23.67 39.83
103 Nigeria 31.25 28.97 30.15 31.76 19.2 15.13
104 Algeria 30.56 5.51 18.53 32 16.38 32.93
105 Uganda 30.25 8.51 19.81 26.09 21.9 22.72
106 Sri Lanka 30.24 7.57 19.36 33.57 17.36 27.34
107 Colombia 30.15 9.17 20.07 24.33 22.46 34.66
108 Kazakhstan 29.83 9.78 20.2 23.75 29.83 38.83
109 Nepal 29.63 4.6 17.61 25.4 19.74 26.28
110 Azerbaijan 29.12 8.72 19.32 24.08 30.67 32.01
111 Georgia 28.78 8.53 19.05 23.39 27.09 33.19
112 Ukraine 27.94 9.53 19.1 22.47 22.14 32.72
113 Uzbekistan 27.11 8.27 18.06 23.9 21.14 25.09
114 Egypt 26.46 5.01 16.16 23.19 22.26 23.67
115 Venezuela 25.73 5.89 16.2 27.58 21.98 3.71
116 India 24.17 5.84 15.37 24.2 17.15 66.91
117 Tunisia 23.69 4.96 14.69 22.27 13.33 37.99
118 Islamic Republic of Pakistan 20.4 4.5 12.76 18.25 15.42 38.61

Cost of Living in New York City (NYC):

  • New York City (NYC) has a cost of living index of 100.00.
  • Four-person family monthly costs: $4,600 without rent.
  • A single person monthly costs: $1,400 without rent.

Rent Per Month:

  • Apartment (1 bedroom) in City Centre: $3,200
  • Apartment (1 bedroom) Outside of Centre: $2,000
  • Apartment (3 bedrooms) in City Centre: $6,500
  • Apartment (3 bedrooms) Outside of Centre: $3,400

Eating out:

  • Meal, Inexpensive Restaurant: $20
  • Meal for 2 People, Mid-range Restaurant, Three-course: $80
  • Cappuccino (regular): $4.47
  • Water (0.33 liter bottle): $1.77

Groceries:

  • Milk (regular), (1 liter): $1.18
  • Loaf of Fresh White Bread (500g): $3.95
  • Rice (white), (1kg): $6.44
  • Eggs (regular) (12): $3.36
  • Chicken Breasts (Boneless, Skinless), (1kg): $13.37
  • Beef Round (1kg) (or Equivalent Back Leg Red Meat): $15.44
  • Apples (1kg): $6.54
  • Oranges (1kg): $5.7
  • Tomato (1kg): $5.87
  • Onion (1kg): $3.07

Transportation

  • One-way Ticket (Local Transport): $2.75
  • Monthly Pass (Regular Price): $121.00
  • Taxi Start (Normal Tariff): $2.50
  • Taxi 1km (Normal Tariff): $1.86
  • Gasoline (1 liter): $0.80

Utilities (Monthly)

  • Basic (Electricity, Heating, Cooling, Water, Garbage) for a 85 square meters apartment: $150
  • Internet (60 Mbps or More, Unlimited Data, Cable/ADSL): $62

Others:

  • Childcare: preschool or Kindergarten, Full Day, Private, Monthly for 1 Child: $2,400
  • 1 Pair of Jeans: $53
  • 1 Summer Dress in a Chain Store: $40
  • 1 Pair of Running Shoes (Mid-Range): $87
  • 1 Pair of Men Leather Business Shoes: $130

Salaries: Average Monthly Net Salary (After Tax): $4,600

Alexandra Dimitropoulou

Deputy executive editor at the ​CEOWORLD magazine. Writer, internet person, professional restaurant recommender, and native New Yorker. Passions: health & wellness, coffee, running & dogs.

Latest posts by Alexandra Dimitropoulou

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