Liechtenstein
The country placed in the seventh position in the list is Liechtenstein, where per person cost of living is $2326 per month and for a family of four members it changes into $5417 per month.
The size of the country is small, but despite of its small size it consists of beautiful scenery and high standard of living. Foreigners are attracted to this place due to its exceptional quality of life and high standards of living.
- Estimated monthly living expenses: The estimated monthly living cost for an individual in Liechtenstein is around $2,315 (as of October 2023).
- Factors contributing to high costs:
- Limited land and resources: Liechtenstein is a small country with limited land and resources, leading to higher prices for housing, food, and other goods and services.
- High standard of living: Liechtenstein boasts a very high standard of living with excellent healthcare, education, and infrastructure, which can also contribute to higher costs.
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.
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