When you examine Bermuda's beaches and blue ocean, it's simple to see why someone might want to live there. Unfortunately, for most individuals, that is much beyond their reach.

Bermuda, a tax haven in the Atlantic Ocean, is one of the most expensive countries in the globe, with Hamilton, its capital, ranking among the most expensive individual cities. Bermuda was the most expensive country to live in when it topped Numbeo.com's Cost of Living Index, topping out all other nations by large percentages in rent, cost of living, cost of food, and even restaurant pricing index.

The fact that fuel prices climbed 15.2 percent in August and practically no one noticed demonstrates the indifference with which such news is received.

Cost of Living Index: 146.04
Rent Index: 98.58

Perhaps, coming as no surprise, Switzerland is one of the most expensive nations to live in. If you have ever gone there, then you can confirm that it is pricy.

The country is extremely costly when it comes to food, drinks, hotels, housing, restaurants, clothing, and health insurance – or pretty much everything you need. The cost of restaurants and groceries is absurdly high and is often considered more costly than in any other country in the world. While Switzerland is pricey for its citizens, it is the ultimate culture shock for visitors from other countries. Various studies have repeatedly demonstrated that Swiss consumers pay much more for essential products and services than customers in the rest of Europe.

Rent is half of what it would be in New York, but global income tax can reach 40%. Even living in your own house is taxed. However, Swiss citizens have 26 percent more purchasing power than New York residents.

Cost of Living Index: 123.35
Rent Index: 53.54

Norway has consistently rated higher on the list of the world's most costly countries, and travellers may feel it when they compare what their cash can purchase them once converted.

Food is highly expensive, as is dining out, and taxi rates are frequently twice what you would expect to pay in the rest of Europe.

Norway has a high VAT rate of 25%, which raises the cost of most ordinary items. Food has a reduced tax rate of only 15%, although it is still considered pricey. Many Norwegian basics, such as milk and bread, are significantly more costly than normal.

Cost of Living Index: 100.90
Rent Index: 34.68

You've probably heard that Iceland is prohibitively costly. And it is accurate in comparison to some countries.

A loaf of bread costs three times more in Iceland than it does in Argentina, so someone visiting from Argentina would be in for a surprise at the store. IsIceland really so pricey for the rest of the world? Let's see how much something costs in the kingdom of fire and ice. To make things easier for our overseas readers, we've converted everything to USD. But keep in mind that the Icelandic currency is the króna!

The cost of living in Iceland is relatively expensive, although this is not due to housing. Renting a property here is less than half the price of renting in New York. Food is expensive – you'll have to spend a fortune on groceries. With no access to the rest of Europe and limited productive land, Iceland is compelled to import much of its food, raising prices. The government also has stringent laws for importing foreign items, which adds to the price.

Cost of Living Index: 94.86
Rent Index: 41.93

How much does it cost to live in Barbados? Many people are aware of how unusual Barbados is. As a result, it's no surprise that every year, a large number of expats opt to relocate to this area and begin a new life. However, there is little information available about the cost of living in Barbados.

When someone decides to stay in the country and migrate out of another country for the first time, there are numerous major financial concerns to make. The lodging expenses come first, followed by transit costs, eating costs, and study or university expenditures.

A family of four will spend between $3,500 to 4,000 Barbadian dollars each month. If your household has two people working full-time, you will be able to live comfortably in Barbados. You will be able to enroll your child in school while still having money for enjoyment such as going to the movies or shopping in a shopping mall.

Cost of Living Index: 92.37
Rent Index: 21.99

The cost of living in Jersey City, New Jersey is 31% more than the national average. The cost of living in any place might vary depending on factors such as your occupation, the average pay, and the local real estate market. PayScale's Cost of Living Calculator will help you learn more about how your unique needs will be considered when determining how much it would cost you to relocate.

Jersey City's housing costs are 89 percent more than the national average, and its utility bills are 11 percent higher. Transportation costs, such as bus fares and petrol prices, are 8% more than the national average. The expense of personal income tax is limited to a maximum of 20%. This rate also applies to sole proprietorships and partnerships' tax-adjusted profits. There are no additional tax brackets, capital gains tax, or inheritance tax.

While Jersey is a great area to reside, the island is 45 square miles in size, thus room is limited. Accommodation costs may be greater in comparison to other nations. This is due to a lack of available space and rising property costs. This also contributes to the island's higher inflation rate.

Cost of Living Index: 92.02
Rent Index: 65.33

Before visiting Israel, keep in mind that it is a first-world economy, and your overall prices will most likely be comparable to those of a vacation to Europe or the United States. It's best to be aware of this ahead of time so you're not caught off guard when you arrive.

In general, as with everything else, it truly relies on your lifestyle and objectives — and hence what you can save. Rent is the most costly living expense in Israel; everything else is reasonably priced.

Brand-name clothing is often priced similarly to the rest of Europe, which is normally pricier than in the United States. Levi's, for example, is around $70-80. For locally manufactured clothing, the challenge for tourists everywhere is locating decent, affordable sites where the people shop, therefore you have to buy at large chain stores for roughly $50. Rent in Israel is incredibly high, almost as much as in Ireland (which is infamous for enormously expensive rent). The average rent for an apartment outside of the city center for one or two persons is approximately 700$, while for one inside the city center is around 900$.

In general, despite it is costly, it is extremely easy to move around utilizing public transportation without understanding a word of Hebrew. Keep in mind, though, that public transportation is intended to serve the needs of local inhabitants rather than visitors, so you won't find regular bus service to anyplace you wish to travel.

Cost of Living Index: 88.05
Rent Index: 33.94

Denmark is just not for anyone looking for an inexpensive place to live. Its restaurant costs are among the most expensive in the world. A three-course lunch for two at a mid-range restaurant costs around 600 Danish krone (Rs 6,800).

Copenhagen, Denmark's capital, is one of the world's most costly cities. Outside of the capital, life is less expensive, but it is far from inexpensive.

One thing is certain: if you live in Denmark as a foreigner, you will enjoy a great quality of life, but it will come at a cost. Even more so if you have children — children consume the majority of the expenses and may raise the cost of living in Denmark.

Cost of Living Index: 84.12
Rent Index: 33.23

Bahamas is also one of the most expensive countries to live.

The privilege of living on an island, like in Bermuda, comes with a cost. The bulk of commodities must be imported, which can cause the cost of basic foods to rise.

Because there is no income tax, the government earns money through taxing imported commodities and imposing value added tax (VAT) on goods and services offered by vendors. Because the level of life in The Bahamas is relatively high, real estate in the country is likewise on the higher end of the average. Affordable housing is still available, depending on the type and location of housing you pick.

Cost of Living Index: 84.00
Rent Index: 35.34

Singapore consistently ranks first in cost-of-living polls. But how much does it truly cost to live here? If you're a young working adult or prospective expat considering taking a job offer in Singapore, you're probably wondering how much is "fair" for someone your age to spend each month.

Of course, the answer varies greatly depending on your lifestyle and ideals. Ask the person who is content to live with his parents at 40 and seldom leaves the house for anything other than work, and you'll get a different answer than the social climber who believes you need a flashy vehicle and a condo to prove you've "made it" in life.

If you're relocating from another nation or a local considering leaving your parents' house, your main expenditure will be accommodation, whether you rent or buy. If you're renting, you should budget at least $700 to $3,500 per month, and $1,500 to $6,000 per month if you're a Singaporean/PR purchasing a house and qualified to purchase HDB property.

Cost of Living Index: 83.98
Rent Index: 66.43