As a tourist, you want to visit a lot of countries in the world and you want to experience their culture. But sometimes due to financial constraints, you might not be able to do that.

Choosing a country to visit is a very important decision because it won't be possible if financial requirements are not being met. Our Today’s blog will equip you with the most searched results for the top 10 Most Expensive Countries in the world.

Let’s not delay any further and explore Which is the most expensive country in the world.

1 Japan

Country Japan Cost of Living (for 1) ¥121,090 Cost of Living (for a family of 4) ¥425,779 Cost of Living Index 77.03 Local Purchasing Power Index 87.11 Rent Index 99.83

Are you wondering which is the most expensive country in the world? Well, it's not the USA. Japan is the most expensive country in the world for expats and the country is 2nd only to the United States in terms of the largest economies on Earth.

While Japan's overall cost of living is nearly 7% higher than that of the United States, it provides more affordable rental options compared to the USA. On the other hand, you can anticipate spending approximately 11% more on groceries and healthcare compared to the U.S.

Tokyo, majorly in Japan, is one of its most expensive cities, with a cost-of-living index of 106.3 compared to 100 for other major cities such as Paris.

2 New Zealand

Country New Zealand Cost of Living (for 1) NZ$1,656 Cost of Living (for a family of 4) NZ$5,963 Cost of Living Index 74.52 Local Purchasing Power Index 83.63 Rent Index 126.5

New Zealand stands out as the most costly country in the world with various factors contributing to this distinction. The cost of living in New Zealand is, on average, 194.4% greater than in India, with rental costs typically 448.1% higher than in India.

One key factor is its currency, as the New Zealand dollar has been pegged to the US dollar at a one-to-one ratio since 1985. This means that when you purchase in New Zealand, you'll typically need to exchange more than US$1 for each NZ$1 spent.

3 Switzerland

Country Switzerland Cost of Living (for 1) Fr. 1,539.4 Cost of Living (for a family of 4) Fr. 5,638 Cost of Living Index 123 Local Purchasing Power Index 118.4 Rent Index 70.2

Switzerland is known for its high standard of living, excellent education and health care systems, and beautiful scenery along with being known as the most expensive country to visit from India.

Switzerland has the highest average wealth per adult in the world. The country has been a tax haven for wealthy individuals; as a result, it has also become known for having one of the lowest tax rates in Europe.

Also Read: 10 Essential Documents Required to Travel Abroad from India

4 Israel

Country Israel Cost of Living (for 1) ₪3,833 Cost of Living (for a family of 4) ₪13,495 Cost of Living Index 88.05 Local Purchasing Power Index 75.58 Rent Index 131.7

Israel is a country in the Middle East, one of the costliest countries in the world, and the most populous of the Israeli-occupied territories. The name of the country is derived from its location at the intersection of the Mediterranean Sea and the North American continent.

The cost of living in Israel is, on average, 180.0% greater than that in India. Israel's cost of living is roughly 18% higher than the U.S. average, with monthly rent at approximately $1,082.33 and grocery prices exceeding U.S. costs by about 6%.

5 Luxembourg

Country Luxembourg Cost of Living (for 1) €942.80 Cost of Living (for a family of 4) €3,276 Cost of Living Index 92.27 Local Purchasing Power Index 109.98 Rent Index 159.3

Luxembourg, a tiny European nation nestled between France and Germany, houses the European Union's headquarters and has earned the title of the world's most expensive country by CNN.

Luxembourg's cost of living, excluding rent, is 132.5% higher than that of Bangalore. However, when it comes to rent, the average in Luxembourg is a significant 300.5% higher compared to Bangalore.

Hong Kong

Country Hong Kong Cost of Living (for 1) HK$8,890 Cost of Living (for a family of 4) HK$31,611 Cost of Living Index 77.83 Local Purchasing Power Index 73.81 Rent Index 109.9

Hong Kong ranks as the most expensive city in the world, with a cost of living that surpasses all others.

In 2017, the average monthly per capita household expenditure in Hong Kong was approximately USD 3,856 (equivalent to around 13 million HKD). This implies that to cover your living expenses and food costs for yourself or your family in Hong Kong, you'd require USD 3,856 monthly.

Excluding rent, Hong Kong's cost of living surpasses Bangalore's by 158.9%, while rental prices in Hong Kong are notably higher at 455.3% compared to Bangalore.

Also Read: List of Top 20 Countries With Visa on Arrival For Indians

7 Singapore

Country Singapore Cost of Living (for 1) S$1,546 Cost of Living (for a family of 4) S$5,585 Cost of Living Index 83.98 Local Purchasing Power Index 91.34 Rent Index 78.2

Singapore, a Southeast Asian island nation, is one of the most expensive countries in the world. It houses around 5 million residents, primarily English speakers with Mandarin Chinese as their second language.

The country's economy has been growing steadily since its independence from Malaysia in 1965, which helped make it one of Asia's wealthiest nations by 2010. When excluding rent, Singapore is 196.3% pricier than Bangalore according to our cost of living index.

However, the average rent in Singapore is a staggering 634.4% higher compared to Bangalore making it one of the highest cost of living in the world for Indians.

8 Iceland

Country Iceland Cost of Living (for 1) Kr 172,087 Cost of Living (for a family of 4) Kr 635,450 Cost of Living Index 94.86 Local Purchasing Power Index 77.06 Rent Index 155.56

Iceland is a country in northern Europe. The largest island in Europe is called Iceland, and its highest peak is Hvannadalshnúkur at 2,110 meters (6,923 feet).

Iceland's cost of living surpasses India's by an average of 287.3%, and the rental costs are notably higher, standing at 682.2% more than in India.

Interestingly, the high cost of living in Iceland isn't primarily due to housing; renting a home costs around $1,243.80. Instead, it's the cost of groceries that stands out, with prices approximately 20% higher than in the United States.

Also Read: Top 10 Cheapest Countries To Travel From India

9 Australia

Country Australia Cost of Living (for 1) A$1,577 Cost of Living (for a family of 4) A$5,899 Cost of Living Index 77.75 Local Purchasing Power Index 104.63 Rent Index 109.8

Australia is one of the most expensive countries to live in. It's also a very expensive country for tourists to visit, and for those who live there as well.

Australia boasts an average cost of living that's 215.7% higher than in India, with rental prices being exceptionally steep at 607.0% above the Indian average.

Despite the high expenses, Australia holds the third spot globally for purchasing power, offering its residents nearly 5% more purchasing power than the United States.

10 Denmark

Country Denmark Cost of Living (for 1) Kr 7,840 Cost of Living (for a family of 4) Kr 28,030 Cost of Living Index 84.12 Local Purchasing Power Index 99.45 Rent Index 115.6

Denmark is the most expensive country in Europe, and it's also one of the most expensive places to live on Earth.

The Danes have been known to spend more than $1,000 monthly on rent alone. Denmark's cost of living surpasses India's by an average of 237.3%, with rental costs standing at 455.0% higher than in India.

Despite being somewhat more affordable than the United States, Denmark remains about 14% pricier in terms of overall cost of living. While residents here have greater purchasing power compared to many countries, it still falls short of the United States.

With an average salary of $51,000 per year (as compared to an American's average salary of $48K), you could expect your monthly expenses would be around $4K-$5K if you lived there full time.

Which Country Do You Feel is Worth Travelling, Disregarding the Penny?

Herewith we come to an end to the list of the top 10 expensive countries in the world. When we explore countries around the world, it's a mixed bag of opportunities, from great living standards to fantastic climates and abundant natural resources. And yet, there's this interesting twist – the most expensive countries in the world.

But what's surprising is that each of these places has something special to offer, making you wonder which one truly deserves your attention when it comes to making a living.

Which country has highest cost of living?

Monaco, at a substantial 3.88 times more expensive than the global average, claims the title of most expensive country in the world. As of October 2023, the world's most expensive countries to be oases of opulence, where the cost of living and the pursuit of luxury reach unparalleled heights.

Which country has the highest cost money in the world?

The highest-valued currency in the world is the Kuwaiti Dinar (KWD). Since it was first introduced in 1960, the Kuwaiti dinar has consistently ranked as the world's most valuable currency. Kuwait's economic stability, driven by its oil reserves and tax-free system, contributes to the high demand for its currency.

What is the most expensive country to live in the world 2023?

Monaco is the most expensive country to live in, with a cost of living of $3,585 per month.

Which country is best for cost of living?

10 best and cheapest countries to live in.

Vietnam. For those wanting to live and work in an exotic place, but not pay a fortune, Vietnam is any budget travelers dream. ... .

Costa Rica. ... .

Bulgaria. ... .

Mexico. ... .

South Africa. ... .

China. ... .

South Korea. ... .

Thailand..