By definition cost of living is the amount of money necessary to maintain a certain living standard in a geographic region, it can be a city or even a country all together. It is the common tool that is used to measure how expensive it is to live in a city or country compare to another. It is no secret that the cost of living varies from country to country. Even it varies within the same country from city to city. There are a lot of economic factors that influence the cost of living. Such as accommodation costs, utility costs, commute expenses, etc. The thing is, if you live in an area with a high cost of living, then a considerably large salary could result in less disposable income, whereas in an area with low cost of living, you will have much more to spend after you have paid off all the expenses even with comparatively lesser salary. But countries with a high cost of living usually boasts a cleaner, healthier lifestyle, which is a great perk if you ask me. The additional money that you pay translates into a better quality of life. So, it depends on an individual what he or she prefers.
If you are interested in learning more about countries with high cost of living and their benefits and drawbacks, you have come to the right place. At insider monkey’s blog page, we have put together a list of 10 Countries With The Highest Cost of Living in the World. Just click on the link to access the full article.