Luxembourg
This country has been placed at the ninth position in the list of most expensive countries where monthly cost of per person is $2271 and a family of four members has to spend $5110 monthly for basic living.
A major factor in the high standard cost of living here is its booming banking industry, which attracts big elites. The government focuses on giving first rate medical and educational services to the citizens of the Luxembourg. The country also focuses on better livings and enhancement of the cultural activities. The rate of poverty and unemployment is relatively very low in comparison to other countries.
- Monthly living expenses: The estimated monthly living cost for an individual in Luxembourg is around $2,271 (as of October 2023). This cost can vary depending on individual spending habits and lifestyle choices.
- Financial sector: Luxembourg is a major financial center in Europe, attracting affluent individuals and businesses, leading to higher demand for housing and other goods and services.
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.