5 Most Expensive Cities in Europe
Last updated on October 10th, 2023 at 10:10 am
Europe’s rich history, amalgamated cultures, and great cuisines make it a dream for many digital nomads. Many European countries are attracting ex-pats, but living in Europe comes at a high cost.
In case you are planning to reside in Europe, it is mandatory to keep in mind the cost and benefits of living in the most expensive cities in Europe. Check out a list of the 5 most expensive cities in Europe below — based on Expatistan’s cost of living index as of February 2022.
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1. Zurich, Switzerland
Switzerland is one of the most expensive places in the world, and Zurich comes out as the most expensive European city.
With many museums and a rich history, Zurich’s placement at a central position in Europe makes it a popular stop for a European adventurer. However, this adventure will probably cost a fortune.
Cost of Living
One-bedroom apartment in the city centre: €1,869
One-bedroom apartment outside the city centre: €1,361
Restaurants
Meal, Inexpensive Restaurant: €23.62
McMeal at McDonald’s: €14.17
Markets
Milk (1 litre): €1.57
Eggs (12): €6.09
Banana (1kg): €2.63
Loaf of Fresh White Bread (500g): €2.50
Utilities (Monthly)
Internet: €50
Basic (Electricity, Heating, Cooling, Water, Garbage): €205
2. London, UK
The English capital carries the reputation of being an extremely expensive city, and this is true.
It has one of the most valued currencies in the world, making the land of Big Ben having a higher cost of living.
Cost of Living
Accommodation
One-bedroom apartment outside the city centre: €1,501
One-bedroom apartment in the city centre: €1,983
Restaurants
McMeal at McDonald’s: €7
Beer: €5
Meal, Inexpensive Restaurant: €17.65
Cappuccino: €3.51
Markets
Milk (1 litre): €1.13
Loaf of Fresh White Bread (500g): €1.27
Banana (1kg): €1.29
Eggs (12): €2.64
Utilities (Monthly)
Internet: €40
Basic (Electricity, Heating, Cooling, Water, Garbage): €220
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3. Lausanne, Switzerland
Located in French Switzerland, Lausanne is a typical Swiss city, a symbol of pure elegance and quality of life.
Known for hosting the Olympic headquarters, the place has popular ski resorts and is between the mountains.
Cost of Living
Accommodation
One-bedroom apartment outside the city centre: €1,104
One-bedroom apartment in the city centre: €1,367
Restaurants
McMeal at McDonald’s: €14.17
Cappuccino: €4.39
Beer: €6
Meal, Inexpensive Restaurant: €23.62
Markets
Milk (1 litre): €1.45
Eggs (12): €5.52
Banana (1kg): €2.46
Loaf of Fresh White Bread (500g): €2.48
Utilities (Monthly)
Internet: €56
Basic (Electricity, Heating, Cooling, Water, Garbage): €180
4. Reykjavik, Iceland
The city of Reykjavik, being one of the most exclusive and premium travel destinations, is also the capital and heart of Iceland. Due to its climate and location, many products are imported, making the food more expensive.
Cost of Living
Accommodation
One-bedroom apartment outside the city centre: €1,150
One-bedroom apartment in the city centre: €1,326
Restaurants
McMeal at McDonald’s: €12.51
Cappuccino: €3.95
Beer: €8
Meal, Inexpensive Restaurant: €16
Markets
Milk (1 litre): €1.28
Eggs (12): €4.84
Banana (1kg): €1.80
Loaf of Fresh White Bread (500g): €3.15
Utilities (Monthly)
Internet: €83
Basic (Electricity, Heating, Cooling, Water, Garbage): €92
5. Dublin, Ireland
Dublin is the fifth most expensive city in Europe, which is known for its bustling nightlife and being close to Ireland’s stunning natural landscapes.
Cost of Living
Accommodation
One-bedroom apartment outside the city centre: €1,458
One-bedroom apartment in the city centre: €1,653
Restaurants
McMeal at McDonald’s: €9
Beer: €5
Meal, Inexpensive Restaurant: €15
Cappuccino: €3.45
Markets
Milk (1 litre): €0.94
Eggs (12): €3.10
Banana (1kg): €1.76
Loaf of Fresh White Bread (500g): €1.47
Utilities (Monthly)
Internet: €51
Basic (Electricity, Heating, Cooling, Water, Garbage): €145
