Australia
This country has been placed at the tenth position in the most expensive country where per person cost of living is $2212 per month. A family consists of four members, the cost of living coverts into $5111 per month.
The main causes of the high standard of living here are high salary, very high tax implementation by government, and the constant increasing demand for resources and the housing facilities. But even with these high pricing obstacles, this country is still an attraction for the tourists due to its landscapes, breathtaking sceneries, diverse cultural heritage, and exceptional standard of lifestyle.
- Housing: Housing is a significant expense in Australia, particularly in major cities like Sydney and Melbourne.
- Transportation: Public transportation costs can be high, and owning a car comes with associated expenses like fuel and insurance.
- Groceries: Grocery prices can vary depending on the location and the types of foods you purchase. However, generally, groceries tend to be more expensive in Australia compared to some other developed countries.
- Utilities: Utility bills, including electricity, water, and gas, can be high in Australia.
Top 10 Most Expensive Countries in the World
Monaco has been considered the most expensive country in the world with a per-person living cost of $3,955 per year. The high standard of living in a nation or a country can be greatly impacted by the high cost of living. For the people who are working at low wages, this high cost of living makes it difficult for them to fulfill their basic needs like food, clothes, home, and basic utilities.
In this article, we are going to learn about the Top 10 Most Expensive Countries in the World.