Countries with high cost of living: The cost of living of a particular country is the cost of maintaining a certain standard of living in it. Usually, calculating the cost of living for a country is done in comparison to a certain standard of living in different geographic areas. The cost of living index is used to represent the calculations. For the list below, the indices are created in relation to New York City (NYC). Which means that for New York City, each index should be 100(%).
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If another city has, for example, rent index of 120, it means rents in average in that city are 20% more expensive than in New York City.
Nigeria ranks 66 in this list:
10 countries with the highest cost of living
Below is a list of the top 10 countries with the highest cost of living:
1. Bermuda
Bermuda is a British island territory in the North Atlantic Ocean known for its pink-sand beaches such as Elbow Beach and Horseshoe Bay.
Its massive Royal Naval Dockyard complex combines modern attractions like the interactive Dolphin Quest with maritime history at the National Museum of Bermuda.
The cost of living for Bermuda index is 133.68.
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