Cayman Islands
Third spot has been grabbed by Cayman Islands where the cost of living per person is $3255 per month and the family consisting four members has a cost of living around $5696 per month. The country has a very strong economy and it more focuses on how to increase the tourism industry of the country.
The country also has a good command over the export and import services. However, the high standard of living attracts many wealthy people from all over the world to live and invest here.
- Estimated monthly living expenses: The estimated monthly living cost for a family of four in the Cayman Islands is around $7,080 (as of March 2024). This can significantly vary depending on lifestyle choices and specific locations within the islands.
- The cost of living varies significantly within the Cayman Islands, with the capital, George Town, generally being more expensive compared to smaller districts.
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.