If you are curious about the international cost of living, then check out our list of countries with the highest cost of living in the world in 2017.
It is no secret that the cost of living is super high everywhere, and considering the unemployment rate which keeps growing, it’s hard to be optimistic about the future. It gets more difficult, and each year we need more and more money for the basic things. Of course, there will always be huge differences between the cost of living in developed and developing countries, but the common thing for all those countries is that people, in general, consider living to be extremely expensive.
CHAILUK CHALATHAI/Shutterstock.com
The international cost of the living index provides insight into the current situation in the world, so we can compare the cost of living in various countries. Egypt and India seem to be the cheapest countries in the world to live, and compared to Switzerland, Iceland or Norway, the difference is vast. We wrote about the most expensive and the cheapest countries in the world earlier so if you want to learn more, check out the list of countries with the highest cost of living in the world and the list of countries with the lowest cost of living in the world.
Speaking of places where few of us could afford to live, Hong Kong, Zurich, and Tokyo are considered to be very expensive cities, but the city-state in Asia, Singapore, is on top of the list and it is the most expensive city in the world to live in.
Are you planning a vacation soon? If you were thinking of visiting some places like Hong Kong or Iceland, then you may want to reconsider your decision or at least make sure that you have enough money because these places are very expensive. In case you want to know what is the most expensive country in the world to visit, head on over to our article, we wrote a while ago.
We set out to determine what are the most expensive countries to live in, this year, so we compared data from various websites like Expatistan and Numbeo. Numbeo’s ranking of countries is made relative to the cost of living in the NYC and Expatistan’s central reference was the Czech Republic. After overlapping their lists, we got our genuine list of 16 countries with the highest cost of living in the world in 2017.
