The latest findings from Xpatulator‘s Worldwide Cost of Living survey in July 2024, covering 780 places around the globe, show us that many countries and cities are still experiencing high living costs. Even though the worst of inflation seems to have passed, we’re not out of the woods yet. Economists warn us about the lingering challenges.

Monaco retains its position as the most expensive place globally to live in, with a Cost of Living Index (COLI) of 137.4. Monaco is a magnet for the wealthy, offering tight security, tax breaks, and a dash of luxury, at the cost of the tight squeeze of available space. This mix shoots property prices through the roof, making Monaco 21.3 points pricier than its closest competitor, Singapore.

Following Monaco’s costly lead are Singapore and Hong Kong, grappling with their own space and luxury battles, landing them in the second and third spots, respectively.

Each region has its own most expensive city.

In Africa, Monrovia in Liberia wears the crown, with Libreville and N’Djamena following.

Over in the Americas, California is home to two of the top three most expensive cities, San Francisco and San Jose, with Manhattan wedged between them.

In Asia-Pacific, Ashgabat is third most expensive after Hong Kong and Singapore.

Europe‘s runners-up to Monaco are Zurich and Geneva.

The Middle East‘s costliest cities start with Jerusalem, followed by Abu Dhabi and Dubai.