Expats in the UK aren't faring much better amid the country's severe cost of living crisis. According to the index, 58% of respondents rate living costs negatively, compared to a global average of 39%. Meanwhile, 43% say their disposable income isn't enough, compared to 30% worldwide
As InterNations has pointed out, Singapore regularly ranks among the most expensive cities worldwide. The city-state now ranks fourth in the world in Numbeo's Cost of Living Index and according to data from consulting firm Mercer, only Hong Kong is pricier for expats.
Last year, New Zealand came last in the InterNations Cost of Living Index, with expats bemoaning the heavy financial burden in the country, especially in terms of housing, which is both expensive and hard to find.
The US may be the land of opportunity but the American dream comes at a cost. More than half of foreign people who choose to live or work in the country are dissatisfied with the cost of living, with only 31% happy with their living expenses.
Australia has risen up the Personal Finance Index rankings this year and according to data from Mercer, cities in the country are becoming relatively cheaper for workers from abroad. Wages started to outpace inflation at the end of 2023, hence the nation's improving performance.
The quintessential "expensive" country, Switzerland tops Numbeo's Cost of Living Index. Given the excessive cost of housing and other essentials in the nation, you'd be forgiven for thinking Switzerland would come last in the InterNations round-up. But the nation boasts a major saving grace: bumper wages.
Despite excellent job security and other positives, foreign workers in the nation aren't all that happy about their financial situation. Moreover, a hefty 45% of respondents are dissatisfied with the cost of living, with housing costs singled out.