Tuesday, January 3, 2023

International Cost of Living - January 2023

The first international cost of living rankings for 2023 reveal that the most expensive countries / states are dominated by those with, or with a fixed rate to, the US Dollar.

The top 10 most expensive country/states in the world for an Expat as at January 2023 are as follows:

1. Lebanon

2. Hong Kong

3. Cayman Islands

4. Singapore

5. Monaco

6. Hawaii

7. Angola

8. Switzerland

9. Israel

10. Bahamas

Lebanon is the most expensive country-state in the world as a result of years of state corruption, waste and unsustainable financial policies. The Lebanese pound has crashed, driving up prices and decreasing purchasing power, as Lebanon is an import dependent country.

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