The world’s most expensive countries have captured the attention of travelers, investors, and curious individuals.
1. Switzerland
Switzerland is a land of breathtaking beauty, and precision engineering with a reputation for being the most expensive country in the world. Switzerland offers a distinctive combination of exclusivity and elegance but at a cost.
The cost of living in Switzerland is high, the anticipated monthly expenses for a family of four are CHF 7,078 and CHF 4,190 for an individual. These figures are not surprising given the country’s reputation for being one of the most expensive in Western Europe and the world.
2. Norway
Norway is famous for its vibrant cities, and high standard of living but the cost of living in Norway is notoriously high, especially when it comes to housing, food, and transportation.
According to the statistics of 2024, a family of four can expect to spend around 4,221.0 USD (45,827.6kr) per month without rent. The amount includes the cost of groceries, utilities, and other necessities. For a single person, the estimated monthly costs are lower, at around 1,441.0 USD (15,500.0kr).
3. Iceland
Iceland is known for its rugged landscapes, hot springs, and the Northern Lights. However, this country is also famous for its high cost of living, making it one of the most expensive places on the planet.
Iceland’s cost of living, and prices for everyday items such as food, and transportation is high. For instance, a meal at a mid-range restaurant can cost around 3,000-4,000 ISK ($20-28 USD), while a liter of milk can cost around 150-200 ISK ($1-1.40 USD).
4. Japan
Japan, a country known for its cutting-edge technology, is considered the fourth most expensive country in the world.
As of 2024, the estimated monthly cost for a family of four in Japan is around ¥570,000, which translates to approximately USD 4,000. For a single person, the estimated monthly cost is ¥350,000, or around USD 2,500.
5. Denmark
Denmark is the fifth most expensive country in the world. The estimated monthly cost for a family of four in Denmark is approximately kr44,258 (USD 6,400), while a single person can expect to spend around kr23,451 (USD 3,390) per month.
The cost of living in Denmark is higher than in many other countries which makes it a challenging destination for those who are not prepared for the expenses.
