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MOST EXPENSIVE COUNTRY TO LIVE IN

MOST EXPENSIVE COUNTRY TO LIVE IN

The Kingdom of Denmark in Scandinavia is the most expensive country to live in. While there may be cities around the world that has higher prices, notably Tokyo, Geneva and Nagoya, on a per country basis, Denmark is on top of the list.

The cost of living in the country is notably higher than in other advanced countries. A high tax rate used to support its extensive social benefit system is probably the cause, with income taxes ranging from 45% to even as high as 56%, depending on your field and salary. There is also a flat rate for value added tax amounting to 25%, though rental cost, medicines and newspapers are exempted from this requirement.

The country also has strong trade unions to represent its workers. As a result, the minimum wage rate has been favorable to employees, with the current negotiated amount standing at $ 20 per hour.

Denmark is an advanced country situated in the northern portion of the European continent. It has a population of more than 5.5 million, and it run by a unitary parliamentary constitutional monarchy. The country lies above Germany on the map, and is near Sweden, Norway, Finland and Iceland.

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