Switzerland

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