The Most Expensive Countries in 2023

The most expensive countries in 2023 have a number of factors in common, that make them so expensive, including:

High salaries: The average salary in these countries is typically much higher than in other parts of the world. This means that people have more money to spend, which drives up prices.
High taxes: Taxes are also typically higher in these countries, which contributes to the high cost of living.
Limited space: Many of these countries are small and densely populated, which limits the amount of land available for development. This drives up the cost of housing and other goods and services.
High demand: These countries are also popular tourist destinations, which drives up demand for goods and services. This can also lead to higher prices.

In addition to these factors, the high cost of living in these countries is also due to their strong economies and high standards of living. These countries are home to many multinational corporations and/or financial institutions, which contribute to their economic prosperity. The high standards of living in these countries are also a result of their strong economies and high levels of education.

The most expensive countries as at April / May / June 2023 are:

Hong Kong: Hong Kong is a major financial and trading hub, and its economy is one of the strongest in the world. The city is also home to a large number of wealthy people, which drives up prices.
Cayman Islands: The Cayman Islands is a tax haven, which means that businesses and individuals can avoid paying taxes on their income. This attracts a lot of wealthy people and businesses to the islands, which drives up prices.
Singapore: Singapore is a small city-state with a very high population density. This limits the amount of land available for development, which drives up the cost of housing and other goods and services. Singapore also has a strong economy and high standards of living, which contribute to its high cost of living.

Country Cost of Living 2023
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International Cost of Living 2023

The most expensive places in the world began to change in 2022, due to the lagging impact of the pandemic, the invasion of Ukraine, high energy prices, higher global inflation and the strong US Dollar.

Xpatulator collects the prices of over 200 items, grouped into 13 cost of living baskets, in 780 global locations and converts the prices to US Dollars for comparative purposes using New York City as the base location (New York Cost of Living Index = 100).

The January 2023 rankings are dominated by USA locations and is headed by Beirut / Lebanon for the first time.

International cost of living 2023
Country Cost of Living 2023
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International Cost of Living – July 2022

Singapore is the most expensive country-state in the world for Expatriate’s to live, with an overall cost of living index of 130 (where New York City has an index of 100), followed by Hong Kong and Lebanon.

Singapore has moved another 3 points above Hong Kong’s index of 125 since April 2022, to have a cost of living index 5 points higher than the second most expensive country-state.

Lebanon has experienced a cost of living crises in the past few years, and is now the third most expensive country-state in the world as at 1 July 2022 with a cost of living index of 111.

Country_States_cost_of_living_index_comparison_jul_2022

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International Cost of Living – April 2022

The 10 most expensive #costofliving cities in the world:

1. #Singapore
2. #HongKong
3. #Manhattan
4. #SanFrancisco
5. #Beirut
6. #GeorgeTown
7. #Zurich
8. #SanJose
9. #Jerusalem
10. #Geneva

International_cost_of_living_index_comparison_apr_2022

The 10 most expensive #costofliving countries / states:

  1. #Singapore
  2. #HongKong
  3. #CaymanIslands
  4. #Lebanon
  5. #Monaco
  6. #Israel
  7. #Switzerland
  8. #Norway
  9. #Hawaii
  10. #Bahamas
Country_States_cost_of_living_index_comparison_apr_2022

The 10 most expensive #costofliving cities in #Africa:

  1. #Victoria
  2. #Luanda
  3. #Kinshasa
  4. #Libreville
  5. #NDjamena
  6. #Mogadishu
  7. #Abuja
  8. #Bangui
  9. #Harare
  10. #Monrovia
Africa_cost_of_living_index_comparison_apr_2022

The 10 most expensive #costofliving cities in #America:

  1. #Manhattan
  2. #SanFrancisco
  3. #GeorgeTown
  4. #SanJose
  5. #Honolulu
  6. #Brooklyn
  7. #NewYorkCity
  8. #Nassau
  9. #Oakland
  10. #Hamilton
Americas_cost_of_living_index_comparison_apr_2022

The 10 most expensive #costofliving cities in #AsiaPacific:

  1. #Singapore
  2. #HongKong
  3. #Shanghai
  4. #Macao
  5. #Tokyo
  6. #Yokohama
  7. #Beijing
  8. #Ashgabat
  9. #Osaka
  10. #Seoul
Asia-Pacific_cost_of_living_index_comparison_apr_2022

The 10 most expensive #costofliving cities in #Europe:

  1. #Zurich
  2. #Geneva
  3. #Monaco
  4. #Oslo
  5. #Copenhagen
  6. #London
  7. #Paris
  8. #Vaduz
  9. #Amsterdam
  10. #Reykjavik
Europe_cost_of_living_index_comparison_apr_2022

The 10 most expensive #costofliving cities in #MiddleEast:

  1. #Beirut
  2. #Jerusalem
  3. #AbuDhabi
  4. #Dubai
  5. #Doha
  6. #WestBank
  7. #Amman
  8. #Manama
  9. #KuwaitCity
  10. #Riyadh
Middle_East_cost_of_living_index_comparison_apr_2022

The 10 most expensive #expat #costofliving places for #alcohol #tobacco items such as #beer, #spirits, #wine & #cigarettes:

  1. #Ashgabat
  2. #Doha
  3. #Amman
  4. #Beirut
  5. #Singapore
  6. #Manama
  7. #Sydney
  8. #Dubai
  9. #Wellington
  10. #Jakarta

The 10 most expensive #expat places for #clothing #suits #dresses #shoes #footwear:

  1. #Ashgabat
  2. #Incheon
  3. #Daegu
  4. #Seoul
  5. #Singapore
  6. #Busan
  7. #Monaco
  8. #Geneva
  9. #Zurich
  10. #Paris

The 10 most expensive #expat places for #communication #telephone #internet #mobile costs:

  1. #Asmara
  2. #Noumea
  3. #GeorgeTown
  4. #Havana
  5. #Bangui
  6. #Nassau
  7. #Honiara
  8. #Hamilton
  9. #Sydney
  10. #SaintGeorges

The 10 most expensive #expat places for #education #creche #internationalschool #schoolfees:

  1. #Singapore
  2. #Bangui
  3. #WashingtonDC
  4. #NDjamena
  5. #Oslo
  6. #Jerusalem
  7. #SanJose
  8. #SanFrancisco
  9. #GeorgeTown
  10. #Nassau

The 10 most expensive #expat places for #furniture #appliance #diningtable #homeentertainment #kitchenappliances:

  1. #Ashgabat
  2. #Beirut
  3. #Harare
  4. #Kingston
  5. #Luanda
  6. #Singapore
  7. #Vilnius
  8. #Victoria
  9. #AddisAbaba
  10. #Noumea

The 10 most expensive #expat places for #grocery #cleaningproducts #dairy #freshfruit #vegetables #snacks #softdrinks:

  1. #Beirut
  2. #Ashgabat
  3. #Singapore
  4. #Seoul
  5. #Busan
  6. #Incheon
  7. #Daegu
  8. #Luanda
  9. #HongKong
  10. #GeorgeTown

The 10 most expensive #expat places for #healthcare #medical #doctorvisit #hospital stay #medicine #medicalinsurance:

  1. #Anchorage
  2. #SanFrancisco
  3. #SanJose
  4. #Seattle
  5. #Oakland
  6. #Kennewick
  7. #Salem
  8. #Beijing
  9. #Honolulu
  10. #Shanghai

The 10 most expensive #expat places for #accommodation #house #villa #apartment #rent #utilities #energyprices:

  1. #HongKong
  2. #Shanghai
  3. #Manhattan
  4. #Singapore
  5. #SanFrancisco
  6. #Macao
  7. #Monaco
  8. #Taipei
  9. #Yokohama
  10. #Nagoya

The 10 most expensive #expat places for #drycleaning #linen #magazines #newspapers #officesupplies #postagestamps:

  1. #Singapore
  2. #Bangui
  3. #NDjamena
  4. #Hanoi
  5. #Oslo
  6. #HoChiMinhCity
  7. #Bissau
  8. #Freetown
  9. #PortauPrince
  10. #Manhattan

The 10 most expensive #expat places for #personalcare #cosmetics #haircare #toiletries:

  1. #Havana
  2. #Beijing
  3. #Luanda
  4. #Oslo
  5. #Manhattan
  6. #Lagos
  7. #Shenzhen
  8. #Wuhan
  9. #Kano
  10. #Ibadan

The 10 most expensive #expat places for #recreation #culture #books #cinema #sport #theater:

  1. #Ashgabat
  2. #Dubai
  3. #Honiara
  4. #AbuDhabi
  5. #Monaco
  6. #Jerusalem
  7. #Zurich
  8. #Mecca
  9. #KuwaitCity
  10. #Jeddah

The 10 most expensive #expatriate places for #transport #fuel #petrol #gasoline #publictransport:

  1. #Amsterdam
  2. #GeorgeTown
  3. #Castries
  4. #Copenhagen
  5. #Oslo
  6. #Zurich
  7. #Geneva
  8. #Kingstown
  9. #Hagatna
  10. #Stockholm

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International Cost of Living – January 2022

The top 10 most expensive cities in the world for an Expat as at January 2022 are as follows:

International_cost_of_living_index_comparison_jan_2022

The top 10 most expensive cities in Africa:

Africa_cost_of_living_index_comparison_jan_2022

The top 10 most expensive cities in America:

The top 10 most expensive cities in Asia Pacific:

Asia-Pacific_cost_of_living_index_comparison_jan_2022

The top 10 most expensive cities in Europe:

Europe_cost_of_living_index_comparison_jan_2022

The top 10 most expensive cities in the Middle East:

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International Cost of Living – October 2021

Singapore is the most expensive city in the world for Expatriate’s to live, with an overall cost of living index of 141, followed by Hong King with an index of 135 and Monaco 122.

The top 10 most expensive cities in the world for an Expat as at October 2021 are as follows:

1. Singapore

2. Hong Kong

3. Monaco

4. Oslo

5. Geneva

6. Zurich

7. San Francisco CA

8. Copenhagen

9. Hamilton

10. George Town

International Cost of Living October 2021
Africa Cost of Living October 2021
Americas Cost of Living October 2021
Asia Pacific Cost of Living October 2021
Europe Cost of Living October 2021
Middle East Cost of Living October 2021

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International Cost of Living Q2 2021

World’s most expensive places in April 2021. Cost of living indexes (New York = 100) :

Top 3

Sample of other places

All Countries All Cities

International Cost of Living Index 2021
World Cost of Living 2021
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International Cost of Living Q1 2021

Singapore is the most expensive city in the world for Expatriate’s to live, with an overall cost of living index of 139.78. Singapore’s education system, which is widely regarded as the best in the world, is also the most expensive for expatriates when priced in US Dollars, the cost of housing is also extremely high due to the limited space and premium on high quality expatriate accommodation, while the complex Certificate of Entitlement system makes car prices excessive, resulting in Singapore’s transport costs being amongst the highest in the world.

International City Cost of Living for Expatriate Professional Migrants

International Cost of Living Index 2021

Africa Expat Cost of Living Comparison

Overall African countries are some of the poorest and least developed in the world, with relatively low local cost of living expenses; however the cost of importing and transporting the international standard of goods that expatriates expect to purchase in the cities in this region makes it extremely expensive to maintain the lifestyle that they are used to.

Africa Cost of Living 2021

America Expat Cost of Living Comparison

Overall American countries and cities are extremely diverse ranging from the most developed, wealthy, technologically advanced and urbanised, through to some of the poorest, least developed as well as remote locations in the world, with a corresponding wide range in the cost of living. The cost of living is very high in high density, popular locations where demand for limited space, goods and services (housing, transport, education etc) often exceeds supply such as in San Francisco, Manhattan and San Jose. However in the most remote as well as in the poorest, least developed locations, the cost of importing, transporting and providing the international standard of goods and services that expatriates demand, also make them extremely expensive locations to maintain the lifestyle that they are used to.

America Cost of Living 2021

Asia Pacific Expat Cost of Living Comparison

Asia Pacific has 2 of the 3 most expensive cities in the world. The cost of living for expats is particularly high in densely populated, popular wealthy locations where the demand for limited space, goods and services (housing, transport, education etc) exceeds supply such as Singapore and Hong Kong.

Asia Pacific Cost of Living 2021

Europe Expat Cost of Living Comparison

With a few exceptions, the most expensive cities in Europe are mostly the Non-Euro countries.

The euro is the second most traded currency in the world, managed by one central bank, the European Central Bank. The cost of living is generally more reasonable in the larger countries in Europe who use the euro as their currency. Their larger companies produce more at a lower cost, thus benefiting from economies of scale. They export their cheaper goods to the less-developed eurozone nations. Smaller companies in smaller European countries find it difficult to compete with relatively low prices. On the other hand the euro allows countries with weaker or smaller economies to enjoy lower interest rates because the euro isn’t as risky to investors as a currency with less demand. Over the years, lower interest rates have led to more foreign investment. This has boosted the smaller nations’ economies.

Europe Cost of Living 2021

Middle East Expat Cost of Living Comparison

Overall Middle East countries have average local cost of living levels; however the cost of importing and transporting the international standard of goods that expatriates expect to purchase in the cities in this region can make it relatively expensive to maintain the lifestyle that they are used to.

Middle East Cost of Living 2021

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International Cost of Living – October 2020

Hong Kong is the most expensive city for Expats in the world with an overall Cost of Living Index (COLI), for all 13 basket groups, of 139.14 (New York =100).

Hong_Kong Cost of Living

Singapore is the second most expensive city in the world for Expatriate’s to live, with an overall cot of living index of 138.52.

Singapore Cost of Living

A Cost of Living Index (COLI) is a numerical way of comparing cost of living, either over time, or by comparing the cost of living in different geographical locations. When comparing the cost of living between different locations the difference in the cost of living is expressed as an index by dividing the cost of living in Location A by the cost of living in Location B. The cost of living index indicates the difference in the cost of living between the two locations. In the graphics, the COLI for each location is the result of dividing each locations cost of living by the cost of living in New York NY (USA) using all 13 basket groups. New York therefore has a COLI of 100.

Khartoum in Sudan is the most expensive city for Expatriate’s to live, in the African region as at October 2020, with an overall cot of living index of 92.91.

Khartoum Cost of Living

Africa cost of living

San Francisco CA is the most expensive city for Expats in America with an overall Cost of Living Index (COLI), for all 13 basket groups, of 114.12.

San Francisco CA Cost of Living

America cost of living

Asia-Pacific cost of living

Monaco is the most expensive city in Europe for Expatriate’s to live with an overall Cost of Living Index (COLI), for all 13 basket groups, of 119.61.

Monaco Cost of Living

Europe cost of living

Jerusalem is the most expensive city for Expats in the Middle East with an overall Cost of Living Index (COLI), for all 13 basket groups, of 97.4.

Jerusalem Cost of Living

Middle East cost of living

The most expensive place in the world for each of the 13 baskets is as follows.

Alcohol and TobaccoDoha

ClothingSingapore

CommunicationAsmara

EducationSingapore

Furniture and AppliancesAshgabat

GroceriesSingapore

HealthcareAnchorage

Household AccommodationHong Kong

MiscellaneousSingapore

Personal CareManhattan

Recreation and CultureKhartoum

Restaurants, Meals Out and HotelsZurich

TransportCastries

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International Cost of Living – July 2020

Hong Kong is the most expensive city for Expats in the world as at July 2020, mainly due to extremely high housing costs (which counts for around 30% of the overall cost of living for most Expats), with limited space available making rentals high.

Hong_Kong Cost of Living

More on global city cost of living.

More on global country cost of living.

International_cost_of_living_comparison_july_2020

The latest international inflation data for every country in the world as reported in July 2020.

Kinshasa in the DRC is the most expensive city to live in the African region as at July 2020.

Africa Cost of Living History

New York (Manhattan) NY is the most expensive location in the Americas as at July 2020.

America Cost of Living History

Hong Kong is the most expensive city for Expats in Asia-Pacific as at July 2020.

Asia Pacific Cost of Living History

Zurich is Europe‘s most expensive city.

Europe Cost of Living History

Jerusalem in Israel is the most expensive place for expats in the Middle East as at July 2020.

Middle East Cost of Living History
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