Luxembourg has a small population compared to many other countries on this list, with around 660,000 inhabitants.

The nation has an impressive monthly minimum wage of €3,085 ($3.3k/£2.6k) for non-qualified workers over the age of 18, one of the best in the world and the highest in the EU by far. And in 2020, Luxembourg became the first country in the world to scrap fares on all public transport.

Despite the generous salaries, however, many Luxembourg residents reportedly choose to do their grocery shopping in France, where essentials are considerably cheaper – although, as you'll discover, the cost of living in France is generally higher.

The world’s most expensive countries to live in 2024