Bermuda is many people’s vision of marine paradise: deep blue ocean, sweeping beaches and shorts of the dazzling variety that became a 90s fashion trend. But it’s unlikely to attract digital nomads any time soon.
According to UK-based relocation website MoveHub, the Atlantic tax haven is the most expensive nation on Earth, putting it ahead of the likes of Singapore and Switzerland. And it’s capital Hamilton – not Hong Kong – that is the most expensive city in the world.
The priciest countries, as revealed by MoveHub, are in the following order:
- Hong Kong (not technically a country, but anyway)
- US Virgin Islands
- New Zealand
MoveHub’s index was based on the cost of transport, dining, rent, grocery shopping and other factors, with New York as the benchmark (isn’t it always?).
Now I’m no economist, but I’m sensing a trend here. Most of the countries listed above are relatively small territories. Bermuda, Hong Kong, Iceland, and Singapore in the top 5 are tiny, and Switzerland doesn’t exactly stretch across timezones either. Also among the nations named are oil producers and tax havens.
And perhaps of interest to those affected by Brexit: the UK is ranked 29th worldwide in cost of living terms, coming well under expat favourites Hong Kong, Singapore, UAE, Australia, US and New Zealand. (And yes, I am surprised.)