The Most Expensive Cities in Europe | 2022 Rankings

Europe is a dream destination for many expats and travelers. What’s not to like? Rich history, diverse culture, great cuisines… Well, no one said it’d be cheap; it all comes at a cost. With the war in Ukraine, supply disruptions, and the spike in energy prices, 2022 proves to be a challenging year. A massive cost of living crisis is the result. While Hong Kong continues to be the most expensive city in the world for expats and travelers in, the winner in Europe belongs to Geneva. As a matter of fact, Switzerland holds the lavish medal with three cities in the top five most expensive cities in Europe! 

10 Most Expensive Cities in Europe

If you are planning to live in Europe, it’s crucial to assess the cost of living in different cities. But, living in a cheap city is not necessarily the best option, you should check out the benefits of living in the most expensive cities in Europe, as well. After all, they are expensive for a reason… Below, you may find the 10 most expensive cities in Europe according to Expatistan’s cost of living index as of August 2022. We’ve also added a cost of living section with data we’ve collected from Numbeo. Note that these figures are subject to change and this is why we recommend making a thorough search when you decide your relocation to a certain city. Also, we’ve converted the local currencies to Euro.

1. Zurich, Switzerland

As you probably already know, Switzerland is one of the most expensive countries in the world, and Zurich stands out as the most expensive city in Europe.

With a rich history and many museums, in addition to its central position in Europe and proximity to the famous Swiss Alps, Zurich is often a popular stop on a European adventure. However, this adventure may cost a fortune.

Cost of Living

Accommodation
One-bedroom apartment in the city center: €1,869
One-bedroom apartment outside the city center: €1,361

Restaurants
McMeal at McDonald’s: €14.17
Meal, Inexpensive Restaurant: €23.62
Cappuccino: €4.71
Beer: €6

Markets
Milk (1 liter): €1.57
Loaf of Fresh White Bread (500g): €2.50
Eggs (12): €6.09
Banana (1kg): €2.63

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage): €205
Internet: €50

living in zurich
Zurich, Switzerland

2. London, UK

London rose from third in 2021 to second in 2022 among Europe’s most expensive cities. The English capital carries the reputation of an extremely expensive city. Well, it’s safe to say the Big Smoke lives up to its reputation. With one of the most valued currencies in the world, the pound sterling £, the land of Big Ben does indeed have a higher cost of living, even for those who earn Euro or American dollars.

Cost of Living

Accommodation One-bedroom apartment in the city center: €1,983 One-bedroom apartment outside the city center: €1,501 Restaurants McMeal at McDonald’s: €7 Meal, Inexpensive Restaurant: €17.65 Cappuccino: €3.51 Beer: €5 Markets Milk (1 liter): €1.13 Loaf of Fresh White Bread (500g): €1.27 Eggs (12): €2.64 Banana (1kg): €1.29 Utilities (Monthly) Basic (Electricity, Heating, Cooling, Water, Garbage): €220 Internet: €40

3. Lausanne, Switzerland

Located in French Switzerland, the city of Lausanne is a typical Swiss city, made of pure elegance and quality of life.

Lausanne is known for hosting the Olympic headquarters and being a student city. The place has popular ski resorts, is between the mountains, and has a beautiful lake, the Leman, where locals practice windsurfing and water skiing. 

Cost of Living

Accommodation
One-bedroom apartment in the city center: €1,367
One-bedroom apartment outside the city center: €1,104

Restaurants
McMeal at McDonald’s: €14.17
Meal, Inexpensive Restaurant: €23.62
Cappuccino: €4.39
Beer: €6

Markets
Milk (1 liter): €1.45
Loaf of Fresh White Bread (500g): €2.48
Eggs (12): €5.52
Banana (1kg): €2.46

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage): €180
Internet: €56

4. Reykjavik, Iceland

As one of the most exclusive and remote travel destinations, the city of Reykjavik is the capital and heart of Iceland. The city is known not only for its spectacular views but also for consistently making the list of the most expensive cities in Europe.

Due to its location and the climate, many products are imported. This makes food more expensive. Furthermore, accommodation costs are not cheap either.

Cost of Living

Accommodation
One-bedroom apartment in the city center: €1,326
One-bedroom apartment outside the city center: €1,150

Restaurants
McMeal at McDonald’s: €12.51
Meal, Inexpensive Restaurant: €16
Cappuccino: €3.95
Beer: €8

Markets
Milk (1 liter): €1.28
Loaf of Fresh White Bread (500g): €3.15
Eggs (12): €4.84
Banana (1kg): €1.80

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage): €92
Internet: €83

living in iceland
Reykjavik, Iceland

5. Dublin, Ireland

Dublin remains the fifth most expensive city in Europe in February 2022. Dublin is known for its bustling nightlife and proximity to Ireland’s stunning natural landscapes. However, it is one of the most expensive cities in Europe, largely due to the high number of expats, and thus the high rents.

Cost of Living

Accommodation One-bedroom apartment in the city center: €1,653 One-bedroom apartment outside the city center: €1,458 Restaurants McMeal at McDonald’s: €9 Meal, Inexpensive Restaurant: €15 Cappuccino: €3.45 Beer: €5 Markets Milk (1 liter): €0.94 Loaf of Fresh White Bread (500g): €1.47 Eggs (12): €3.10 Banana (1kg): €1.76 Utilities (Monthly) Basic (Electricity, Heating, Cooling, Water, Garbage): €145 Internet: €51

6. Paris, France

Being a famous tourist destination, Paris is also one of the most expensive cities in Europe. History, monuments, neighborhoods, glamor, and romanticism that surround the City of Love make prices in the city soar.

Cost of Living

Accommodation
One-bedroom apartment in the city center: €1,271
One-bedroom apartment outside the city center: €893

Restaurants
McMeal at McDonald’s: €9
Meal, Inexpensive Restaurant: €15
Cappuccino: €3.66
Beer: €6

Markets
Milk (1 liter): €1.10
Loaf of Fresh White Bread (500g): €1.96
Eggs (regular) (12): €3.77
Banana (1kg): €1.94

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage): €180
Internet: €29

Paris, France

7. Trondheim, Norway

Trondheim is Norway’s third-largest city. It was once the country’s capital and is considered the most historic city in Norway. It’s a university town, with lots of pubs and young people. In addition to the various historical monuments to visit, those who know Trondheim say there is no lack of excitement.

Cost of Living

Accommodation
One-bedroom apartment in the city center: €1,157
One-bedroom apartment outside the city center: €910

Restaurants
McMeal at McDonald’s: €10.63
Meal, Inexpensive Restaurant: €19.73
Cappuccino: €4.19
Beer: €9

Markets
Milk (regular), (1 liter): €1.98
Loaf of Fresh White Bread (500g): €3
Eggs (regular) (12): €4.28
Banana (1kg): €2.30

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage): €132
Internet: €47

7. Oslo, Norway

Oslo is praised for its quality of extremely high life, constantly on top of European cities. But generally, high quality of life translates to high costs. And in Oslo, there’s is no exception.

The city ranks seventh on the list of most expensive cities in Europe in February 2022.

Cost of Living

Accommodation
One-bedroom apartment in the city center: €1,387
One-bedroom apartment outside the city center: €1,103

Restaurants
McMeal at McDonald’s: €11.13
Meal, Inexpensive Restaurant: €19
Cappuccino: €4.39
Beer: €9

Markets
Milk (regular), (1 liter): €1.88
Loaf of Fresh White Bread (500g): €2.75
Eggs (12): €3.82
Banana (1kg): €2.12

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage): €146
Internet: €46

8. Copenhagen, Denmark

The capital of Denmark has been a popular tourist destination for several years. Unfortunately for budget-conscious digital nomads, however, Copenhagen is usually a short trip. Denmark is among the countries with high quality of living, as a direct correlation, there is a very high cost of living. Cost of Living Accommodation One-bedroom apartment in the city center: €1,483 One-bedroom apartment outside the city center: €1,111 Restaurants McMeal at McDonald’s: €10.09 Meal, Inexpensive Restaurant: €17.47 Cappuccino: €5.14 Beer: €6 Markets Milk (regular), (1 liter): €1.38 Loaf of Fresh White Bread (500g): €2.90 Eggs (regular) (12): €3.67 Banana (1kg): €2.56 Utilities (Monthly) Basic (Electricity, Heating, Cooling, Water, Garbage): €159 Internet: €33
living in denmark
Copenhagen, Denmark

9. Amsterdam, The Netherlands

The Netherlands is another country that has its place among countries with high quality of life and this certainly comes with a price. Amsterdam, the capital city, ranks as the ninth most expensive city in Europe according to the 2022 index. 

However, this doesn’t seem to stop travelers and expats from traveling to this beautiful city in great masses all throughout the year.

Cost of Living

Accommodation
One-bedroom apartment in the city center: €1,571
One-bedroom apartment outside the city center: €1,269

Restaurants
McMeal at McDonald’s: €9
Meal, Inexpensive Restaurant: €16
Cappuccino: €3.47
Beer: €4.50

Markets
Milk (regular), (1 liter): €1.07
Loaf of Fresh White Bread (500g): €1.66
Eggs (regular) (12): €2.39
Banana (1kg): €1.49

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage): €177
Internet: €46

10. Luxembourg

Luxembourg is rich in natural beauty, culture, art, and history. Despite its small size, it is a major economic and political force. Even with its high cost of living, it boasts a big expat community.

Cost of Living

Accommodation
One-bedroom apartment in the city center: €1,607
One-bedroom apartment outside the city center: €1,274

Restaurants
McMeal at McDonald’s: €10
Meal, Inexpensive Restaurant: €19.50
Cappuccino: €3.56
Beer: €5

Markets
Milk (regular), (1 liter): €1.18
Loaf of Fresh White Bread (500g): €2.52
Eggs (regular) (12): €3.20
Banana (1kg): €1.67

Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage): €246
Internet: €56

There you have it – list of the most expensive cities in Europe. But don’t let this ranking deter you from visiting the continent. Europe is very big and also home to many cities that cater to different budgets. 

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