With increasing pressure on household budgets and the energy price cap increasing earlier this month it is no wonder Brits are looking for ways to save money.
For some, living elsewhere with cheaper rent, food and general cost of living is an option for escaping the ever-increasing prices.
And now experts at William Russell have analysed Government data on the average cost of food, fuel, and rent to determine which countries have the most expensive price of living.
The UK is the fifth most expensive country in the world in terms of cost of living with the average monthly rent of one one-bedroom apartment in the city centre being a staggering £1,039.20.
Let’s take a look at the top 10 most expensive countries in the world in terms of cost of living:
10. Germany
Average income per capita – £32,793.33
Average rent of one bedroom apartment in the city centre per month – £758.87
Household energy price score out of 10 – 2.63
Fuel price score out of 10 – 3.15
Basic food items price score out of 10 – 2.86
Fruit and vegetables price score out of 10 – 4.5
Alcoholic beverage price score out of 10 – 8.72
Cost of living score out of 10 – 3.87
(Image: Getty)
9. France
Average income per capita – £27,840.08
Average rent of one bedroom apartment in the city centre per month – £637.53
Household energy price score out of 10 – 3.23
Fuel price score out of 10 – 2.15
Basic food Items price score out of 10 – 4.57
Fruit and vegetables price score out of 10 – 3.81
Alcoholic beverage price score out of 10 – 3.86
Cost of living score out of 10 – 3.84
(Image: Getty)
8. Norway
Average income per capita – £53,371.01
Average rent of one bedroom apartment in the city centre per month – £922.57
Household energy price score out of 10 – 7.14
Fuel price score out of 10 – 2.29
Basic food items price score out of 10 – 2.07
Fruit and vegetables price score out of 10 – 3.06
Alcoholic beverage price score out of 10 – 1.29
Cost of living score out of 10 – 3.79
(Image: Getty)
7. Netherlands
Average income per capita – £35,416.15
Average rent of one bedroom apartment in the city centre per month – £1,137
Household energy price score out of 10 – 2.35
Fuel price score out of 10 – 1
Basic food items price score out of 10 – 4.97
Fruit and vegetables price score out of 10 – 3.78
Alcoholic beverage price score out of 10 – 7.29
Cost of living score out of 10 – 3.77
(Image: Getty)
6. Ireland
Average income per capita – £37,848.04
Average rent of one bedroom apartment in the city centre per month – £1,345.89
Household energy price score out of 10 – 1
Fuel price score out of 10 – 2.15
Basic food items price score out of 10 – 4.61
Fruit and vegetables price score out of 10 – 3.56
Alcoholic beverage price score out of 10 – 1.86
Cost of living score out of 10 – 3.34
(Image: Getty)