10 Countries With The Highest Cost of Living In The World in 2023

4. Commonwealth of The Bahamas

Insider Monkey’s Cost of Living Score: 133

The Commonwealth of The Bahamas is an island region in the North Atlantic Ocean. It has a $16 billion GDP and a per capita income of $40,274. The Bahamas is also a darling of the global hedge fund industry, with most funds having a presence in the country. It also has some of the lowest tax rates in the world, has often been criticized as a tax haven, and was recently at the center of controversy due to the presence of the bankrupt cryptocurrency exchange FTX’s chief executive officer within its shores.