You will become fakir while paying house rent, which is the most expensive country in the world
September 30, 20243 Mins Read
International Desk: The lifestyle of different countries of the world is different. So the cost also varies from place to place. But there are some places in this world where the cost is mind boggling.
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Most people would think that the cost of living in USA is the highest but it is not like that at all. The cost of each place here is different. A sensational report has come out through a survey. A company called GOBankingRates conducted a survey on this matter. The most expensive places in the world have skyrocketing prices for transportation, housing and daily necessities. But India's name is nowhere in the top ten in this list.
Among the most expensive places in the world are Norway and Malta. Both are countries in the European continent and the cost of living here is not that exorbitant. If you spend $900 a month in Norway, you can only rent a house.
But the most expensive item here is groceries. The price is 11 percent higher there than in America. Again, the surprising fact is that the opposite picture was caught in Malta. The price of daily necessities there is 10 percent less than in America. The names of these two countries are in the top ten of the list.
When it comes to cost, Iceland and Ireland are third and fourth on the list. You will be surprised to know that the rent in Iceland is currently around 1500 USD per month. That's 20 percent more than what Americans spend on groceries. However, in the case of Ireland, this number is only 15 percent.
Singapore tops the list based on the survey conducted. How much does rent cost per month in this South East Asian country? Indeed, enough to empty the pocket, the house rent here costs three thousand US dollars per month. According to Indian currency it is around two and a half lakh rupees.
You will even be surprised to know that the standard of living here is 14 percent higher than that of America. The list includes the name of another European country. That is Switzerland. Residents here have to pay 40 percent of their income as taxes. No wonder the standard of living here is 12 percent better than New York.
In addition to these above countries, Lebanon, Australia, Israel, New Zealand, Cyprus and Luxembourg have made the list based on the survey. If you rent a house in Israel, you have to pay more or less thousands of dollars a month. The cost of living in Australia and New Zealand is about the same as the US.
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It should be noted that the current situation in Lebanon is very deplorable. The country is suffering from financial crisis and even the prices of goods are beyond the reach of people there. According to the study, the cost of the residents has increased due to the fall in the price of rupees.
