Find out the latest international cost of living and the 20 most expensive places to live in Europe

Throughout history, most of the developed world countries have incorporated structures with a high cost of living that make them among the most expensive places to live. In Europe and America, there are 22 locations in the top 50 in terms of total COLI and 35 out of 50 places in terms of cost of living, excluding housing, education, healthcare, and transportation. The main factor contributing to this is the relatively higher level of wages in the developed world, particularly among the lowest-level jobs. In contrast, Africa, Asia Pacific, the Middle East, and South Asia rank 28 in the top 50 based on the overall COL index, but only 15 places out of 50 on a cost-of-living basis, excluding housing, education, and employment. Medicare and transportation, from 15, 8 in Australia and Japan.

The most expensive place to live in 2012 in Zurich, based on the total cost of living, excluding housing, education, healthcare, and transportation costs.

The latest international cost of living rankings is based on data collected over the past three months for 768 international sites, covering every country in the world.

The data collected on the cost of living represents the expatriate lifestyle, while the COL components are fixed quantity prices for the same goods and services, inflation, and exchange rates. Prices at each location are affected by availability (i.e. supply and demand), as well as local pricing regulations and taxes on goods and services (such as premium brand insurance). Domestic inflation often represents a rise in domestic prices, which in turn affects the purchasing power of expats in the host country. The exchange rate affects both the price of imports into the host country and the calculation of the expatriate recruitment salary between the home country and the host country. The cost of living has a huge impact on the purchasing power of the expat’s salary package.

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The total cost of living, excluding housing, education, healthcare, and transportation costs is often used to calculate the cost of living for expatriate employees. During an expat’s job, housing, education, healthcare, and transportation costs are often paid by the employer or through an allowance.

Of the 50 most expensive places to live by the cost of living, excluding housing, education, healthcare, and transportation, there are 19 in Europe, the Americas 16, Asia-Pacific 10, and Africa 5.

The 20 Most Expensive Places to Live in Europe – Total Cost of Living and all baskets:

1. Switzerland, Zurich

2. Switzerland, Geneva

3. Switzerland, all areas

4. Norway, Oslo

5. Liechtenstein, Vaduz

6. Norway, all regions

7. Liechtenstein, all areas

8. United Kingdom, London

9. Denmark, Copenhagen

10. Denmark, all fields

11. Russia, Moscow

12. Monaco, Monaco

13. France, Paris

14. Austria, Vienna

15. Jersey, St. Helier

16. Jersey, all regions

17. Italy, Rome

18. Finland, Helsinki

19. Germany, Frankfurt

20. Austria, all areas

What do you think of the most expensive places in the world to live in?