From The Economic Times

1. Cayman Islands (108.2)

The Cayman Islands top the list with living costs higher than New York. While the islands are tax-free, housing and everyday expenses are elevated due to demand from wealthy expats and the luxury-driven market. This makes the Caribbean territory attractive only to those with substantial income.

For the whole article go to: THE ECONOMIC TIMES

NOTE: We have published the image accompanying the article claiming Cayman’s Number 1 position. However, having lived in Cayman for over 45 years I cannot claim to have ever seen the place depicted as in the Cayman Islands. Even Cayman Brac with its Bluff doesn’t have a mountain rising into the clouds. Perhaps some of our readers can advise…………