The results are in and according to a recent report by CEOWORLD Magazine, Switzerland is the most expensive country to live in the world for 2020. While the mountainous Central European hub tops the list, its joined by several other locations throughout Europe, including nine of which dominated the ranking’s top 20 altogether.
CEOWORLD analyzed multiple metrics in order to determine the most expensive countries, noting that it collected and reviewed data from “dozens of studies,” as well as the consumer price index and Numbeo Cost of Living Index. The magazine then compared statistics across various costs of living, examining areas such as accommodations, clothing, transportation, utilities, groceries, dining out and more.
