To create the list, she analyzed over 60 locations worldwide, focusing primarily on hotel and dining costs, as well as transportation and tourist attractions. Monaco tops the list, which is not surprising, as it’s well known that over 70 percent of Monaco’s residents are millionaires. A five-day stay there costs about $2,258 per person, excluding airfare.
"Prices in Monaco are exorbitantly high" - writes the travel blogger. This is partly due to the small size of the country, which covers only about 2.1 square kilometers. Monaco has long attracted wealthy, famous, and influential people from around the world, who come for events like the famous Monaco Grand Prix, the Monte Carlo Casino, and the Monaco Yacht Show, an annual yacht exhibition organized by the British publishing company Informa. Monaco is filled with luxury restaurants, designer stores, boutique shops with high-end clothing, and entertainment venues where one can spend a fortune.
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Second place goes to the small yet luxurious Caribbean island of Saint Barthélemy, famous for its stunning white sandy beaches. It’s a popular holiday destination for stars like Beyoncé and Jay-Z, Gwen Stefani, and the Kardashians. Full of luxury villas, hotels, restaurants, and prestigious boutiques, the prices are extremely high. All of this luxury is packed into just 21 square kilometers.
Third place is held by Gstaad in Switzerland, a picturesque ski resort located in the Swiss Alps. The stunning mountain scenery is breathtaking, but the prices are quite the opposite. As with the previous destinations, the costs here are sky-high. The town boasts luxury hotel chains, restaurants, and charming streets.
Fourth place goes to Reykjavik, the capital of Iceland. Fifth place is taken by Bora Bora, an island in the South Pacific that is part of French Polynesia. It’s known for its stunning natural beauty, crystal-clear waters, and luxurious beachfront bungalows. A night in a 5-star bungalow costs over $1,000 USD, and that’s just the starting price! Bora Bora’s isolation from large cities and transport hubs makes importing goods expensive.
Here’s the full ranking for this year:
- Monaco
- Saint Barthélemy
- Gstaad, Switzerland
- Reykjavik, Iceland
- Bora Bora
- Waikiki Beach in Honolulu, Hawaii
- San Francisco, USA
- New York, USA
- Grand Cayman
- Venice, Italy
