Top 10 Countries with the Highest Cost of Living in the World

Top 10 Countries with the Highest Cost of Living in the World.

For many people in Indonesia, the cost of living is already considered quite high. However, there are still ten countries around the world where the cost of living is even higher, leaving many surprised!

Usually, countries with the highest living costs offer excellent facilities, safety, and reliable public transportation. 

But for tourists or expatriates, these expensive countries can be less appealing due to the hefty price tag on day-to-day expenses.

Curious about which countries have the highest living costs? You're in the right place! In this article, we’ll break it down for you. Let’s dive in!

1. Monaco

Topping the list of the most expensive countries to live in is Monaco. This tiny nation in Western Europe is known for its luxury lifestyle and tax-free benefits. 

To live comfortably here, a resident needs to spend an average of $3,743 per month (about Rp60.63 million), excluding rent. It’s no wonder Monaco attracts the super-wealthy!

2. Cayman Islands

Located in the Caribbean, the Cayman Islands are famous for being a tax haven, but they come with a high cost of living. 

On average, people spend around $2,844 per month (around Rp46.07 million), excluding rent, to maintain a decent standard of living.

3. Switzerland

Switzerland is known for its breathtaking scenery, cleanliness, and high quality of life. However, this also means a steep cost of living. 

Without rent, you’d need approximately $2,497 per month (around Rp40.45 million) to cover living expenses.

4. Liechtenstein

A small European country with stunning museums and unique castles, Liechtenstein is also one of the priciest places to live. 

A person can expect to spend about $2,306 per month (about Rp37.35 million) for basic expenses, excluding housing.

5. Ireland

Famous for its beautiful landscapes, Ireland is a popular destination, but the cost of living can be shocking. 

Residents spend an average of $2,316 per month (around Rp37.51 million) on day-to-day expenses, not including rent.

6. Iceland

Iceland is known for its otherworldly natural beauty and high standard of living. But, to live there comfortably, a person needs about $2,207 per month (around Rp35.75 million) for expenses like food and utilities, excluding housing.

7. Luxembourg

Luxembourg, a small European country known for its iron and steel industries, has one of the highest costs of living in the world. 

To live there, residents typically spend around $2,163 per month (around Rp35.04 million), not including rent.

8. Singapore

Singapore, a bustling city-state in Asia, is known for its cleanliness, safety, and numerous tourist attractions. The average cost of living here is approximately $2,169 per month (about Rp35.14 million), excluding housing.

9. Norway

Norway is often ranked as one of the happiest countries in the world, but this happiness comes at a cost. Residents need about $2,074 per month (around Rp33.59 million) for daily expenses, excluding rent.

10. United States

Finally, the United States rounds out the list. To live comfortably in the US, a resident needs to budget about $1,951 per month (around Rp31.60 million), excluding rent. 

Despite the high costs, the US offers many conveniences and opportunities for those who can afford it.

These are the top ten countries where the cost of living is the highest. Whether you're thinking of relocating or just visiting, it's good to be aware of how much it might cost to live in these places!