Planning of Immigrating to Europe - Find out The Top 20 Most Expensive Places to Live in Europe

Much of the developed world has historically incorporated high cost-of-living structures that keep them among the most expensive places to live. Europe and America have 22 seats in the top 50 based on global COLI and 35 out of 50 homes based on the cost of living, excluding accommodation, education, healthcare, and transport. The main contributing factor is the relatively higher wage level in the developed world, especially in lower-level jobs. On the other hand, Africa, Asia-Pacific, the Middle East, and South Asia occupy 28 places in the top 50 based on the overall COL index. Still, only 15 homes on 50 based on the cost of life excluding housing, education, health care, and transport, out of 15, 8 are in Australia and Japan.

The most expensive place of residence  Zurich, based on the overall cost of living, excluding accommodation, education, health care, and transport costs.

The latest international cost of living rankings is based on data collected over the past 3 months for 768 international sites, covering all countries of the world.

The cost of living data collected is representative of an expatriate lifestyle. At the same time, the components of the LOC are prices for fixed quantities of the same goods and services, inflation, and exchange rates. Prices in each location are affected by availability (i.e., supply and demand) as well as local pricing regulations and taxes on products and services (e.g., premiums on brands of luxury). Domestic inflation is generally representative of local price increases, which, in turn, have an impact on the purchasing power of expatriates in the host country. The exchange rate affects both the price of imports to the host country and the calculation of expatriate assignment wages between the home country and the host country. The cost of living has a significant impact on the purchasing power of an expatriate's salary.

The overall cost of living, excluding housing, education, health care, and transport is often used to calculate the cost of living of expatriate employees. During an expatriation mission, the expenses of accommodation, education, health care, and transport are often paid by the employer or through an allowance.

Among the 50 most expensive places to live according to the cost of living, excluding housing, education, health care, and transport, Europe has 19 sites, the Americas 16, the Asia-Pacific 10 and Africa 5.

The 20 best places to live in Europe - the cost of living and baskets:

1. Switzerland, Zurich

2. Switzerland, Geneva

3. Switzerland, all regions

4. Norway, Oslo

5. Liechtenstein, Vaduz

6. Norway, all regions

7. Liechtenstein, all regions

8. United Kingdom, London

9. Denmark, Copenhagen

10. Denmark, all regions

11. Russia, Moscow

12. Monaco, Monaco

13. France, Paris

14. Austria, Vienna

15. Jersey, Saint Helier

16. Jersey, all regions

17. Italy, Rome

18. Finland, Helsinki

19. Germany, Frankfurt

20. Austria, all regions

What do you think of the most expensive places in the world to live in?
Advertisement
Advertisement