Ireland is one of the most expensive countries in the world to live in 2020, according to a recent study.
The research, published by CEOWorld Magazine, revealed it costs more on average to live in Ireland than the UK, France, Germany, the USA and Canada.
The research took several factors into account such as cost of accommodation, utility bills, price of groceries, price of dining at a restaurant, transport and taxis, internet costs and price of clothing.
The data was taken from several other studies such as consumer price indexes and cost of living indexes.
The magazine then ranked countries in five categories – cost of living, rent, groceries, eating out and purchasing power – as well as an overall ranking.
The magazine gave New York City 100 points and used it as the benchmark to measure the most expensive places to live.
Switzerland was the only country that was overall more expensive to live than New York, after receiving more than 100 points for three of the five categories.
The majority of expensive countries were in Europe, with Switzerland, Norway and Iceland making up the top three.
However, Japan, Bahamas, Israel, Singapore and South Korea were also in the top ten.
Ireland was number 13 in the list. The US was the 20th most expensive country and and the UK was number 27.
Top 20 most expensive countries to live
1 – Switzerland
2 – Norway
3 – Iceland
4 – Japan
5 – Denmark
6 – Bahamas
7 – Luxembourg
8 – Israel
9 – Singapore
10 – South Korea
11 – Hong Kong
12 – Barbados
13 – Ireland
14 – France
15 – Netherlands
16 – Australia
17 – New Zealand
18 – Belgium
19 – Seychelles
20 – United States
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