1Reykjavik
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Reykjavik is the capital city of Iceland and the most expensive city to live in the country. Reykjavik is the 7th most expensive city to live in the world. Reykjavik’s cost of living index is 13.95% higher than that of New York. It has a cost of living index of 113.95. The cost of renting a one bedroom for a month in the main city is 187,424.24 kr, to rent an apartment outside town for a month is 151,206.90 kr. This city sells the most expensive pairs of jeans in the world.