5. Geneva, Switzerland
Geneva has been ranked as the fifth most expensive place to live in the world for the past three years by Mercer. It is Switzerland's second-largest city after Zurich. Together, the two cities represent the high cost of living in Switzerland, the only Western European country to make the top 10 list.
Geneva is the country's most expensive metropolitan area and like Zurich, the Swiss franc's appreciation has raised the cost of living for expatriates. The average monthly rent for a luxury two-bedroom apartment in the city has gone up by nearly $300 from last year to around $4,800.
Geneva is home to 20 international organizations such as the United Nations, World Trade Organization and Red Cross, making it a big draw for expats. Over 44 percent of the city's population is made up of foreigners. The cosmopolitan hub is also home to the world's most expensive private schools and is said to have one of the best education systems, further adding to the high cost of living for families.
Monthly Rent, Luxury 2 Bedroom: $4,818
Cup of Coffee: $6.57
One Gallon of Gasoline: $7.46
Daily International Newspaper: $4.38
Fast-Food Meal: $12.59