25 Most Expensive Countries in the World

1. Bermuda

Cost of Living Index: 147.51

Local Purchasing Power Index: 68.82

Topping our list of the most expensive countries in the world, we have Bermuda. Bermuda is a British island territory in the North Atlantic Ocean known for its pink-sand beaches such as Elbow Beach and Horseshoe Bay. Its massive Royal Naval Dockyard complex combines modern attractions like the interactive Dolphin Quest with maritime history at the National Museum of Bermuda. The island has a distinctive blend of British and American culture, which can be found in the capital, Hamilton. The buying price for property in Bermuda is estimated at $7,056 per square meter. Monthly rent costs are estimated at $5,597. These costs may look nothing as compared to the numbers mentioned for other countries on our list. You should note that the cost of living index does not only take into account housing costs but overall living expenses. If a family of four is to live in Bermuda, they would have to manage $6,732 per month apart from rent. For a single person, the monthly expenses excluding rent drop to $1,848. The overall estimates for monthly living expenses are by far the highest on our list, cementing Bermuda’s position as the most expensive country in the world.

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You can also take a peek at the 20 Cheapest States to Live in the US and 15 Most Conservative Big Cities in America.

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